Fournier to succeed Turner as Oxford Properties president

Longtime senior industry executive Daniel Fournier has been named to succeed Michael Turner as the president of Oxford Properties Group, when Turner vacates the role he has held for the past five years on April 1.

First Capital chair retires as REIT faces dissident unitholders

First Capital REIT (FCR-UN-T), engaged in a battle for control with a group of dissident shareholders, announced two changes to its board of trustees including the retirement of chair Bernard McDonnell, to be succeeded by Paul C. Douglas.

Toronto's office sublet inventory hits record high: AY

A report conducted by Avison Young on the Greater Toronto Area’s office market showed sublet activity was up 26 per cent year-over-year in Q4 2022, with inventory now at record levels.  

Wills Transfer invests in Ingleside warehousing facilities

Wills Transfer, a warehousing and logistics firm with headquarters in Smiths Falls, Ont., has completed construction of a 155,000-square-foot warehouse in Ingleside, south of Hwy. 401. Wills Transfer also has facilities in Ottawa, Brockville, Cornwall and Perth. 

Windsor council supports HD's five-building condo project

Windsor’s development committee Monday approved land rezoning to allow for HD Development Group's five six-storey condo buildings. The $160-million project will see 387 residential units built on 9.8 acres if council approves the committee’s recommendation.

Waterloo approves eight-storey apartment building

Waterloo council has given the go-ahead for an eight-storey apartment building in the Northdale area of the city. The building will contain 136 units, with 77 vehicle parking spaces and close to 40 bicycle spaces.

Sifton continues to build on energy-efficient West 5

Despite delays caused by the pandemic, Sifton Properties Limited is still working hard on what it states will be the most energy efficient community in Ontario: the net-zero West 5 on London’s Oxford Street West.

Summit gets gov't approval for sale to GIC and Dream

Summit Industrial Income REIT (SMU-UN-T) has received approval under the Investment Canada Act to which a JV between GIC and Dream Industrial REIT (DIR-UN-T) will acquire all of its assets and assume all liabilities.

Retailers get creative to lure shoppers back in-store

Adidas’ new Halo store at CF Toronto Eaton Centre offers an immersive experience with digital displays, “smart” fitting rooms and brand activation zones. Self-serve kiosks allow customers to instantly order items in different colours and sizes for pickup or delivery.

Grocery CEOs snub Ottawa profiteering inquiry

The heads of Canada’s top supermarket chains have so far snubbed parliamentarians investigating allegations of profiteering in the grocery business, exacerbating tensions with politicians who appear keen to confront the country’s oligopolies over inflation.

Rentals key to 'better and more' housing: REALPAC

More needs to be done to improve Canada’s housing supply, yet barriers continue to stand in the way. To address the issue, REALPAC has launched an online campaign highlighting the essential role the rental market plays in filling housing need.

REIT fourth-quarter financial results

First Capital REIT, (FCR-UN-T), Canada Newswire

Skyline Apartment REIT, Globe Newswire

Brookfield has $90 billion for deals after big fundraising year

Brookfield Asset Management Ltd.'s (BAM-T) earnings rose in the fourth quarter as it wrapped up a record year of fundraising that has given the firm more than US$90 billion to invest. 

Greenpoint acquires U.K. car park portfolio for $494M

GreenPoint Partners, an alternatives firm investing at the intersection of real assets, technology and sustainability, today announced the expansion of its European mobility logistics platform with the acquisition of a U.K. car park portfolio for $494 million Cdn.

U.S. CRE investment plunges 63% Y-O-Y: CBRE

According to fourth-quarter numbers in a new report from CBRE, the U.S. commercial real estate sales volume dropped 63 per cent year-over-year in Q4 2022, to $128 billion.

Green Street: falling CRE prices at or near bottom

Commercial real estate values continue to drop, but after a year of rapid interest rate hikes, investment advisory and research firm Green Street’s Commercial Property Price Index says the bottom is close — or already here.

Montreal home sales plunge to lowest January level since 2009

Residential property sales in metropolitan Montreal plummeted 36 per cent last month to 1,791, the smallest total for January since the financial crisis of 2009, according to the latest Centris data by the Quebec Professional Association of Real Estate Brokers.

Buyers’ strong hand has Toronto sellers hesitating

The swing in the national housing market has been nothing short of spectacular, says RBC economist Robert Hogue, but sales appear to be gradually stabilizing. Recall the frenzy gripping Toronto and Vancouver real estate at this time last year.

Edmonton returning to normal pace for real estate

Edmonton’s resale real estate market is returning to normalcy following the frenzied pace of record sales and prices seen in late 2021 and early 2022. As noted in the recent forecast by the Realtors Association of Edmonton, the market is expected to look more like pre-pandemic conditions.

Apartments.com expands to Canadian markets

Apartments.com – a CoStar Group company – today launched its official expansion into the Canadian market. The move marks a milestone for apartment searchers in Canada, providing a vast array of in-depth listings of rental properties across the country.