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Allied considers sale of Toronto data centre portfolio
Allied considers sale of Toronto data centre portfolio
Allied Properties REIT (AP.UN-T) has confirmed it is exploring the potential sale of its Toronto-based urban data centre portfolio.
Graywood set to launch 594-unit downtown T.O. condo
Graywood Developments will launch sales for Centricity, its 53-storey, 594-unit condominium development next to Toronto Metropolitan University, early in 2023. It's a sign of the company's belief in the project and the resilience of the Toronto housing market.
B.C. apt. buildings sales at lowest level in 7 years: M&M
B.C. rental apartment buildings sales fell in the third quarter, down to just 14 transactions, the lowest level for any quarter in seven years, according to a survey by Marcus & Millichap of Vancouver.
Ottawa lags in return of downtown workers
Ottawa lags most cities in Canada when it comes to public transit ridership and employees returning to their workplaces downtown during the pandemic, according to numbers crunched by the Canadian Chamber of Commerce.
Stacked Industrial on the rise in Vancouver
Based in Vancouver, PC Urban develops residential, office, and industrial projects, the latter of which includes multiple stacked industrial spaces. Most notable is Evolution Block, just north of the False Creek Flats, which completed construction in fall 2021.
 | Yardi How to meet and catalyze ESG expectations in Canadian real estateWith buildings, including homes, accounting for 12% of Canada’s GHG emissions, many property owners are utilising ESG strategies to not only align with financial returns but with societal values as well. Sponsored by: Yardi |
Addenda launches eco-social commercial mortgages fund
Addenda Capital has launched the Eco-Social Commercial Mortgages Pooled Fund, which invests in commercial mortgages on the basis of the United Nations Sustainable Development Goals.
Estimated cost for Ontario Line balloons toward $20B
A series of November updates from Infrastructure Ontario show the estimated cost of the Ontario Line in Toronto sits as high as $19 billion — an increase of more than 70 per cent over initial estimates.
Winnipeg's CRE sector in decent shape: CBRE
Paul Kornelson, vice-president and managing director at CBRE’s Winnipeg offices, said overall office vacancy is at an all-time high of about 16 per cent. However, the rest of the CRE market is doing just fine.
Small business confidence at one of lowest levels: CFIB
Small business confidence took a dip in the lead-up to the holiday shopping season and looking beyond it, according to the latest Canadian Federation of Independent Business (CFIB) Business Barometer.
Retailers look for Black Friday comeback
The biggest shopping event of the year arrives Friday, a sales bonanza heralded by a flurry of promotional emails, online ads and paper flyers. Black Friday has evolved recently from a one-day event into an entire season of sales.
George Weston profit and revenue up year-over-year
George Weston Ltd. (WN-T) reported a third-quarter profit of $889 million, up from $238 million a year earlier. The company owns large interests in Loblaw Companies Ltd. (L-T) and Choice Properties REIT (CHP-UN-T).
U.S. office outlook worsens as finance world balks
After years of uncertainty about the likelihood or speed of the U.S. office sector's return to ubiquity, confidence in the asset class seems to be waning for some, with spooked lenders and a surplus of supply adding to the angst.
KKR abandons 300K-sq.-ft. Manhattan office
KKR has pulled back on its plans for a new Manhattan office. The private equity titan had been considering a 300,000-square-foot space near its headquarters but has since backed away, Insider reports.
Scotland sees just $277.6M invested in CRE in Q3
Investment in Scottish commercial real estate saw a significant slowdown in the third quarter of 2022, with just $277.6 million Cdn transacted according to Colliers in its latest Scotland Snapshot.
Pending U.S. home sales post record drop in October
Pending U.S. home sales fell the most on record in October and deal cancellations and price cuts hit record highs, according to a new report from Redfin. Pending sales dropped 32.1% year-over-year last month.
B.C. to create minister to focus on housing crisis
Premier David Eby announced he will appoint a minister focused solely on delivering housing to British Columbians. Eby made the announcement Tuesday at the Sheraton Wall Centre in Vancouver, site of the 2022 Housing Central Conference this week.
House prices expected to tumble 17.5% from peak: Poll
Once burning-hot Canadian house prices are expected to tumble 17.5 per cent from their peak, roughly double the fall during the 2008-09 financial crisis, in a slowdown already well underway, according to a Reuters poll of market experts.
One-, two-bedroom rent soars 24% Y-O-Y in T.O.
According to Urbanation, the average price for a two-bedroom apartment or condo rental in Toronto rose 24 per cent year-over-year to $3,353 in October. One-bedroom rentals also rose 24 per cent to $2,502.
Real estate startup Properly chops 71 jobs
Real estate startup Properly has laid off about half its workforce just months after raising $36-million in new venture capital. CEO Anshul Ruparell announced a 71-person layoff in a public blog post after hosting a staff meeting.
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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