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Record retail occupancy drives strong Q3 for RioCan REIT
Record retail occupancy drives strong Q3 for RioCan REIT
A strong demand for well-located, essential-based retail has resulted in RioCan Real Estate Investment Trust achieving a record high retail committed occupancy rate of 98.6 per cent, the REIT announced as it delivered its Q3 2024 results.
Calgary's CRE transactions buoyed by private buyers
Activity in Calgary’s commercial real estate investment market has been healthy this year with a shift taking place of institutional owners moving out of the market and private buyers coming in.
Burnaby pays $65M for Metrotown Place office towers
The City of Burnaby has agreed to acquire the Metrotown Place office towers, according to court filings in the Supreme Court of British Columbia, bringing a receivership proceeding that began just four months ago to a quick and tidy conclusion.
White-knight bid for Seven & i could thwart Couche-Tard
Japan’s Seven & i Holdings is weighing a takeover offer from a member of its founding Ito family, a white-knight bid that could thwart efforts by Canada’s Alimentation Couche-Tard (ATD-T) to buy the 7-Eleven chain.
Delays at development of Toronto's former Honest Ed's
It's been nearly eight years since Honest Ed's on Bloor St. closed its doors. In its place was set to be a massive development including hundreds of purpose-built rental units and dozens of new businesses.
How was AIMCo performing before the ‘shocking’ purge
The Alberta government fired the CEO and entire board of directors of Alberta Investment Management Co. (AIMCo) last week. But were AIMCo’s results and costs out of line with other major Canadian investment managers?
Canadian banks could face a 'mortgage war': RBC analysts
A “mortgage war” could be on the horizon as interest rates decline since more than half of all mortgages with Canadian banks are set to be renewed in the next two fiscal years, Royal Bank of Canada analysts say.
Squamish Nation has big plans for B.C. lands
Squamish Nation is embarking on an ambitious plan to develop a total of 153 acres in British Columbia. The Nation recently unveiled preliminary maps for the sites, including at least 600 affordable homes, commercial and cultural buildings and market housing.
Plazacorp seeks to raise up to $75M via Willowgrove IPO
Plazacorp has filed an IPO to raise between $60 and $75 million in equity to assist in funding its proposed Willowgrove development in Markham and Stouffville, just north of Toronto.
Realtor numbers drop at Canada’s largest real estate board
Higher professional fees, lower transactions and an increasingly complex market is seeing many long-time realtors leave the business in Ontario, though in other markets the numbers are growing. The drop in Toronto at peak renewal time was eight per cent.
Loblaw reports sales, profit growth in Q3 buoyed by discount
Canada’s largest grocer reported growth in sales and profits in its third quarter, as shoppers weary of high food prices continue to visit its discount stores more often. Loblaw Cos. (L-T) reported that adjusted profits grew by 6.7 per cent.
'Christmas creep' is here, is it about consumerism or comfort?
If you're a parent of young kids, chances are you've already purchased matching family Christmas pyjamas. Stores typically start carrying them in October and if you want the correct sizes and a choice of prints, you have to move fast.
Businesses relieved as fed gov't steps in on port strikes
The Canadian Federation of Independent Business says it is relieved the federal government has stepped in and ordered binding arbitration to get the Port of Montreal and B.C. ports fully operational.
Quebec’s new flood map sparks concerns for RE market
A newly designated flood zone in Quebec has sparked concerns across the real estate industry. The Quebec Professional Association of Real Estate Brokers says the zone affects 77,000 properties potentially impacting property values, complicating insurance coverage and destabilizing the market.
Corporate retreat near Salmon Arm, B.C. selling for $22M
A corporate retreat in southern B.C. financed and designed in part by a Canadian tech billionaire has hit the market. Dubbed Fighting Dog Ranch, the massive property on Shuswap Lake not far from Salmon Arm is selling for $22M.
Amazon plans grocery delivery platform to rival Walmart
Amazon is looking at ways to increase its brick-and-mortar grocery sales with a new delivery platform. The online sales juggernaut wants to combine fulfillment networks for its Whole Foods Market business and Amazon Fresh stores into a single delivery platform.
Prime retail vacancies in London fall to lowest since pandemic
Vacancy rates on London's prime shopping streets have fallen to their lowest levels since 2019, a boon for landlords after a wave of bricks-and-mortar closures during the COVID-19 pandemic.
BNSF’s plan for huge industrial park moves forward
BNSF Railway has received a recommendation from the Maricopa County Planning & Zoning Commission that a comprehensive plan amendment for the railroad’s Logistics Park Phoenix be approved. The project will be part of a US$3.2B rail and logistics centre.
How dining trends are reshaping shopping centres
Americans’ appetite for eating out is not going anywhere, with many of them spending more time and money dining out. DJM Capital's Chad Cress says resstaurants have become anchor tenants in many of his company’s lifestyle properties.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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