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Slate plans Dixie, Clarkson TODs in Mississauga
Slate plans Dixie, Clarkson TODs in Mississauga
Slate Asset Management has tendered applications for two mixed-use, transit-oriented developments on the south-eastern and -western ends of Mississauga, begging the question: are there more to come?
Small 2022 gain for MSCI/REALPAC Canadian Property Index
The roller-coaster ride continues for the MSCI/Real Property Association of Canada (REALPAC) Canadian Property Index. After plunging due to COVID-19 in 2020 and making a solid recovery in 2021, the 2022 results showed only a small overall return.
Red Bull buys Chilliwack site for first N.A. ingredient facility
Global beverage producer Red Bull has purchased a 15-acre site in the City of Chilliwack for a major new production facility to support its North American expansion plans. The new facility will be approximately 185,000 square feet,
Darwynn debuts latest automated facility in Scarborough
Darwynn Ltd., a Scarborough-headquartered company building an end-to-end fulfillment ecosystem, debuts a 45,000-square-foot fulfillment facility today in Scarborough. Darwynn also took possession of its Montreal facility on Feb. 1. The 100,000-square-foot facility will be operational in late 2023.
Growing default risk for Vancouver developers: Economist
Bryan Yu, the chief economist of Central 1, says developers "face significant headwinds due in large part to the abrupt change in interest rates over the past year" which forced Vancouver-based Coromandel Properties to seek creditor protection earlier this week.
Crozier to build new head office in Collingwood
C.F. Crozier & Associates Inc., a consulting firm in the land development and building industry, has unveiled plans to build a 26,000-square-foot, three-storey head office in Collingwood, Ont., featuring sustainable design and innovative collaboration spaces.
Geomega to launch magnet recycling plant in Quebec
Montreal-based Geomega Resources is moving ahead with the construction of a magnet recycling demonstration plant in Quebec that aspires to pave the way for the growth of the rare earth metals industry in the province.
Downtown Edmonton can rebound: Forum
Inflation, construction costs, along with swaths of office and retail vacancies in Edmonton’s downtown core are not insurmountable problems, industry leaders heard at a Wednesday commercial real estate forum hosted by NAIOP Edmonton.
CPP reports $7B net assets increase in Q3
Canada’s national pension fund earned a 1.9 per cent net return in its fiscal third quarter and ended the period with net assets of $536 billion, an increase of $7 billion from the previous quarter.
Post-Covid Manhattan office market rebounds
Office workers in Manhattan continue to return to their workplaces in sufficient numbers for many of their employers to maintain or expand their footprint in the city, according to a survey of more than 140 major Manhattan office employers.
New research digs into state of the workplace
The social infrastructure of the office underscores new research-driven analysis that measures shifts in employee sentiment post-pandemic. HqO, a workplace experience platform, released its 2023 The State of Workplace Experience report, detailing emerging trends.
Avison Young announces new affiliation agreement in UAE
Avison Young announced a new affiliation agreement with Zaad Capital, which will see Avison Young expand its global footprint to provide customized real estate solutions to clients in the United Arab Emirates.
Home Capital obtains final court approval for takeover
Home Capital Group Inc. (HCG-T) has obtained a final order from the Ontario Superior Court of Justice approving a subsidiary of Smith Financial Corporation acquiring the issued and outstanding common shares of Home Capital it does not already own.
RBC buys AI-powered real-estate company OJO Canada
Royal Bank of Canada has acquired OJO Canada, a real-estate technology company powered by artificial intelligence for an undisclosed sum. OJO Canada offers a search experience, on-demand access to a network of experts and the backing of financial resources.
Brossard proposes $3,527 tax on new homes
Montreal suburb Brossard is proposing a new tax of $3,527 on all new housing. Brossard plans to add 22,000 housing units over the next 35 years, in part to the presence of three metro express network stations.
Residential construction costs in Calgary jumped 14% in 2022
The cost of building a home in Calgary increased 14.1 per cent in 2022, underscoring concerns from industry over the challenges of meeting the growing housing demand. Calgary trailed only Toronto (21.9 per cent) and Edmonton (16 per cent).
Half of Vancouver homeowners are mortgage-free
Vancouver residents are grappling with the highest real estate prices in Canada but it has the highest percentage of mortgage-free households. It’s also a region with a huge appetite for investment properties, according to Statistics Canada data.
Industry Events
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Western Canada Apartment Investment Conference
May 07 2024
Vancouver
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Edmonton Real Estate Forum
May 08 2024
Edmonton Convention Centre
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Land & Development Conference
May 28 2024
Metro Toronto Convention Centre
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Montreal Real Estate Forum
Jun 06 2024
Montreal
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Southwestern Ont. Real Estate Forum
Jun 13 2024
RBC Place London
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