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Toronto's flex workspace demand rose rapidly in 2022
Toronto’s flex workspace demand rose rapidly in 2022
Flexible workspace demand in Toronto rose 27 per cent in 2022, while work station rates, occupancy and supply were all also up, according to a new analysis from global workspace innovation firm The Instant Group.
Mondev cuts Montreal two-tower plan in half
Developer Mondev has given up on one of its tower projects in Central Montreal's Émilie-Gamelin Park. The company ultimately plans to build a single building rather than the two planned 18-storey towers totalling 500 residential units.
Non-Quebec investors focus on Mtl. life science, health
Non-Quebec investors committed $3.58 billion worth of capital to the area in 2022. Life sciences and health technologies companies were particularly active, with investment more than doubling to a record $685 million, according to Montreal International.
 | Forging Hamilton Hamilton in 2022: Interest rates cooled a blistering CRE marketAlex ManojlovichDirector, Strategy and Research, Forge and Foster |
LaSalle puts Mont Tremblant Retail Village up for sale
Mont Tremblant Retail Village has been put on the block by U.S. owner LaSalle Investment Management. Mont Tremblant’s village, nearly 135,000 square feet, will probably fetch between $90 million and $100 million, according to CBRE.
Montreal’s retail sector bouncing back post-pandemic
Like most major markets in Canada, Montreal’s retail sector has experienced some challenging times over the past few years because of the COVID pandemic. However, the sector has rebounded as more people are out shopping and tourists are visiting Montreal.
New Horizon Mall near Calgary sees occupancy rise
As the unique Calgary-area New Horizon Mall approaches its fifth anniversary, occupancy continues to increase. The shopping centre, in Balzac, was developed by Toronto-based Torgan Group and partner MPI Property Group.
Walmart forecasts annual earnings below estimates
Walmart Inc. (WMT-N) struck a cautious note in its economic outlook for 2023 on Tuesday, as the retail bellwether forecast full-year earnings below estimates and warned that cautious spending by consumers could pressure profit margins.
Inquiries roll in for Canopy Growth facility
With a lack of industrial space in the region, town officials in Smiths Falls, Ont., say they’re already fielding calls about the 600,000-square-foot Canopy Growth facility. Canopy has not announced its plans for the facility.
Sucro to build Canada's largest sugar refinery
Sucro Can Sourcing, a rapidly growing integrated sugar refiner, announced plans to build Canada's largest sugar refinery in Southern Ontario, with an expected annual refining capacity of one million metric tonnes, for an estimated cost of $100 million.
DP World, Port of Van. complete $350M expansion
The Vancouver Fraser Port Authority announced completion of its $350-million Centerm expansion project following four years of construction. It is still awaiting a final federal cabinet decision on its $3.5-billion Terminal 2 expansion at Roberts Bank.
SWTCH, AutoGrid partner on multires EV chargers
SWTCH Energy Inc. has partnered with Redwood City-based AutoGrid to balance electricity demand and reduce costs by integrating 250 electric vehicle chargers in multi-tenant properties into an active demand response program with a Canadian utility.
Health-care deals hit record $26B in 2022
Health-care real estate continues to thrive, and investors can’t get enough of the sector, according to JLL’s Valuation Advisory Group’s inaugural Healthcare Investor Survey and Trends Outlook. Transactions in the sector climbed to $26 billion in 2022, a record.
GIC, Centerbridge acquire INDUS Realty for $868M
New York-headquartered logistics company INDUS Realty Trust Inc. (INDT-Q) said on Wednesday it would be taken private by affiliates of investment firms Centerbridge Partners and GIC in an all-cash deal valued at about $868 million.
U.S. industrial activity to ease in 2023: Colliers
Activity in the U.S. industrial real estate sector is expected to ease in 2023 after record construction and net absorption in 2022, according to Colliers International Group Inc.'s U.S. Industrial Report | Q4 2022.
U.S. office demand has recovered third of pandemic decline
According to the latest VTS Office Demand Index (VODI) analysis, new demand for U.S. office space in January was flat month-over-month, maintaining a VODI level of 46. This is in line with previous January reports.
Welland luxury condo project partially collapses
The City of Welland, Ont., has issued an Order to Remedy an Unsafe Building following the partial collapse of a five-storey building under construction in Welland during the evening of Feb. 18. The developer is Evertrust Development (Welland) Inc.
Cost of living top concern for homebuyers, sellers: Re/Max
Inflation and the rising cost of living are the top concerns of those looking to buy or sell real estate this year, according to a trends report released today by Re/Max Canada.
Vancouver’s home sales are heading back up
Early sales data from the Real Estate Board of Greater Vancouver (REBGV) and anecdotal reports from the street suggest that a nine-month slide in the housing market may be coming to an end.
Experts expect a 20% jump in Toronto housing sales
This year’s spring housing market won’t see a surge anything like the spring markets of past years, experts say. However, Toronto could see sales increase by 20 per cent, and a record-high number of condo completions will help boost supply.
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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