EMBLEM launches largest downtown Hamilton condo project

RENX  Residential  •  Condominiums  •  Ontario, Toronto / GTA, Ottawa

EMBLEM Developments is launching sales for The Design District, comprised of three 30-storey condominium towers combining for 828 units in downtown Hamilton.

Mayfield to expand property mgmt. into Ontario, B.C.

RENX  Residential  •  Ontario, Edmonton, Calgary, British Columbia

Edmonton-based Mayfield Management Group Ltd., a property management company for rental apartments and condominiums, continues to grow its footprint in Alberta as it prepares for expansion into other provinces, including Ontario.

Taking a peek at Bromont’s IBM plant

Commercial  •  La Presse

On June 21, 1972, IBM had just invented the floppy disk . . . and inaugurated a factory of 200 people in Bromont. Half a century later, IBM’s oldest facility in the world still remains at the forefront, which in 2023 will house Canada’s first quantum computer.

Laval penitentiary to be sold to Canada Lands Co.

Commercial  •  Canada Newswire

The Correctional Service of Canada is entering the next phase in the disposal of one of its properties – the former Saint-Vincent-de-Paul Penitentiary in Laval, Que. – to be ready for sale to Canada Lands Company by 2024.

What’s next for Ottawa’s Canadian Tire Centre?

Commercial  •  CTV  •  CityNews  •  CBC

Now that the Ottawa Senators are one step closer to moving downtown, what does that mean for the Canadian Tire Centre? The future of the hockey and music venue is in question if the Sens move to LeBreton Flats.

Ottawa’s office space still more than 90% leased

Commercial  •  Ottawa Citizen  •  CTV  •  Globe and Mail

Since the beginning of COVID the capital region’s office market has verged on bizarre. Most tenants sent their workers home and continued paying for largely unused real estate. The result is office space is still more than 90 per cent leased.

The Apartment Building Expert › Ontario guideline rent increase 6.2 per cent for 2023?

Derek Lobo: Founder and CEO , SVN Rock Advisors Inc.

Vancouver industrial lease rates soaring: Colliers

Commercial  •  Western Investor  •  RENX  •  RENX

Metro Vancouver is ending the second quarter with the tightest industrial market in North America, Colliers reported. Vacancies average 0.1 per cent across the region, and availability is little better at 0.5 per cent.

Edmonton’s Blatchford celebrates its opening

Residential  •  Edmonton Journal  •  RENX

As Blatchford marked its grand opening on Saturday, its slow speed is under scrutiny at city hall. Four stages of development are expected to be completed by the end of this year which will hold 1,100 units once homes are built.

How tall buildings can be good neighbours

Residential, Commercial  •  Daily Commercial News

When designing tall buildings, it’s important to consider how it lands on the ground, how it relates to what is around it and if it makes the space better than it was before, Studio Gang founding principal Jeanne Gang says.

London may cut new projects’ parking spots in half

Residential  •  CBC  •  Global News

London, Ont., city hall has proposed drastically lowering the minimum number of automobile parking spaces required for new developments, while at the same time raising requirements for bicycle parking, in the first major overhaul of parking policy in three decades.

Burnaby councillor opposes plan for 80-storey tower

Residential  •  Burnaby Now

Burnaby Coun. Colleen Jordan has staked out her opposition to Pinnacle International’s proposed 80-storey development next to Lougheed SkyTrain station. Phase 1 of the development would build two new towers of 80 and 73 storeys, adding 1,466 strata condos to the market.

BMO opens 50-storey Chicago headquarters

Commercial  •  Canada Newswire

BMO Financial Group Friday celebrated the grand opening of BMO Tower, Chicago, BMO’s new U.S. headquarters. The state-of-the-art, 50-storey building is located at 320 S Canal St., in Chicago’s West Loop Gate neighbourhood.

U.S. abortion laws could decide site selections

Commercial  •  Bisnow

After the U.S. Supreme Court overturned Roe v. Wade Friday morning, large companies considering where to place a new office or lab could soon be forced to choose between states where abortion is legal and where it isn’t.

U.K. towns to be swamped with extra office space

Commercial  •  Bloomberg

The U.K.’s regional towns and cities will be flooded with unwanted offices as businesses cut down on unused space after the coronavirus pandemic triggered a shift in working patterns.

H&M closes Shanghai flagship store

Commercial  •  Globe and Mail (Sub. required)

H&M has shut its flagship Shanghai store, its latest closure in China where consumer demand has slumped amid COVID-19 lockdowns and the fast-fashion retailer has borne the brunt of a backlash against companies that refuse to use Xinjiang cotton.

GTA rent price hike largest in more than three years

Residential  •  Toronto Star

GTA rent prices in May saw the largest monthly hike in more than three years at 5.7 per cent. A new report by Bullpen Research & Consulting and TorontoRentals.com found the average monthly rent in the GTA increased by 16.5 per cent year-over-year, from $1,998 to $2,327.

Canada not ready for large investors in single-family homes

Residential  •  Globe and Mail  •  Toronto Star

EDITORIAL: Imagine a house-seeking family trying to compete with the likes of Core Development Group, a Toronto-based condo builder that unveiled plans last year to spend as much as $1 billion acquiring detached homes in various mid-sized cities.

42nd annual BILD Awards winners announced

Residential  •  Urban Toronto  •  Globe Newswire

The annual BILD Awards returned to recognize excellence in the design, construction, marketing, and sales of new homes in the GTA. BILD presented awards in the categories of marketing, architectural design, people and sales, and in the prestigious Pinnacle category.

B.C.’s money laundering inquiry focused on real estate

Residential  •  Pique Newsmagazine

Real estate is of top concern to the Commission of Inquiry into Money Laundering in B.C. Of the 101 recommendations Commissioner Austin Cullen made in his June 15 final report, 40 are directly related to real estate, and several others are ancillary.