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Marcon proposes 32-storey hotel in downtown Vancouver
Marcon proposes 32-storey hotel in downtown Vancouver
A plan to build a new 578-room hotel in downtown Vancouver is opportune, say the developers of the project along with tourism and real estate stakeholders, as it meets market demand for more hotel space.
Michelin to invest $300M in N.S. production facilities
Michelin has announced a $300 million investment in its three Nova Scotia production facilities, which will include the planned electrification of the manufacturing process.
Volkswagen to build Ontario EV battery plant in 2027
The Volkswagen Group and its battery company PowerCo SE have selected St. Thomas, Ont., as the location for its first overseas electric vehicle (EV) battery gigafactory, with production planned for 2027.
 | The People Space Executive, board moves at CAPREIT, AY, Great Gulf ...Don WilcoxManaging Editor, RENX |
Vancouver Community College eyes 3,300-unit project
One of the biggest projects proposed for Vancouver’s Broadway Plan – the city’s ambitious effort to add 50,000 new homes along the subway extension now under construction – is a 3,300-apartment development by Vancouver Community College.
Extended stay has most potential for hotel growth: Hilton
“The extended-stay segment is one of the (industry) segments with (the) most potential for growth across Canada,” says Jeff Curry, senior director of development for Hilton Canada, the global hotel management and franchise company.
 | North American Steel How to maximize storage in limited industrial spaceIn this article we discuss how industrial businesses can update and optimize their existing storage systems to combat rising industrial real estate costs and unavailability of new space. Sponsored by: North American Steel |
True North nears purchase of downtown Winnipeg mall
City council's executive policy committee voted unanimously on Monday to allow The Forks North Portage Partnership to grant True North Real Estate Development an option to purchase the land attached to downtown Winnipeg's Portage Place mall.
Reserve, Westdale propose 94-storey condo tower
Reserve Properties and Westdale Properties have proposed a 94-storey residential tower located immediately to the west of The One at 15 and 19 Bloor St. W. in downtown Toronto. The IBI Group-designed tower would deliver 1,262 new dwelling units.
Ontario municipalities feel short-changed by housing law
Ontario municipalities have sounded the alarm for months about a housing law, that, in part, freezes, reduces and exempts fees developers pay on certain builds such as affordable housing. The changes will leave them $5 billion short, they say.
N.S. will spend $1.62B on capital projects in 2023-'24 fiscal year
The Nova Scotia government again plans a record capital investment for the 2023-'24 fiscal year, forecasting a $1.62-billion expenditure directed primarily at health-care projects, schools and highways.
Ontario Teachers’ Pension Plan posts 4% annual return
Ontario Teachers’ Pension Plan, which manages the pensions of 336,000 active and retired teachers, reported a four per cent return in 2022, helped by gains from investments in infrastructure, real estate and other assets sensitive to higher interest rates.
Banking’s next threat? It might be CRE
If market participants are wringing their hands over the potential fallout from the collapse of Silicon Valley Bank, just wait until they look at the banking industry’s exposure to the rapidly weakening commercial real estate sector.
10 U.S. cities with the most empty office buildings
"Return to office has varied by city and country and relies heavily on labor market dynamics, company [and/or] public policy] and factors such as commute length and the ability to work from home," said Northwind Group's Ran Eliasaf.
Stessa surpasses $100B in assets tracked, launches Stessa Pro
Stessa, a Roofstock subsidiary and software solution to help landlords optimize their rental property portfolios, has surpassed $100 billion in total asset value tracked on the platform with over 190,000 investors using Stessa to manage more than 800,000 units.
Strategic Storage acquires 78,000K-sq.-ft. Florida property
Strategic Storage Growth Trust III, a private company sponsored by an affiliate of SmartStop Self Storage REIT, Inc., announced the acquisition of an approximately 78,000-square-foot storage facility at 18301 N. Tamiami Trail in North Fort Myers, Fla.
Tribe launches VendorPM to support condo, rental communities
Tribe Property Technologies Inc. (TRBE-X) announced a nationwide deployment of VendorPM to support Tribe-managed communities across Canada. The VendorPM partnership allows the company's property managers to connect with more than 30,000 service providers,
West Coast market shows encouraging signs: BCREA
The province’s housing market is said to be showing signs of recovery heading into the spring season, says the British Columbia Real Estate Association. A total of 4,775 residential unit were sold in February, a 46.5 per cent year-over-year decrease.
B.C. homebuyers starting journey years before purchase
Nearly 45 per cent of B.C. homebuyers spent one to two years browsing listings, with 35 per cent looking at roughly four to six homes, according to new data from Zolo's 2023 Canada Housing Market Report.
One-bedroom in Toronto rents for over $2,500 a month
The financial squeeze continues for Toronto renters who have to move in today’s market, as new Rentals.ca data, analyzed by research firm Urbanation, data shows the average one-bedroom listing hit $2,501 per month in February.
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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