Ford announces second new Ontario warehouse, in Paris

RENX  Commercial  •  Industrial, Land  •  Ontario

Ford Motor Company (F-N) has announced the second of its two new distribution centres in Ontario will be located in a newly constructed facility in Paris, just northwest of Brantford.

Allied to acquire Van.’s Dominion Building office tower

RENX  Commercial  •  Office  •  Metro Vancouver

Allied Properties REIT (AP-UN-T) will acquire the century-old Dominion Building office high-rise in Vancouver from local owner Army & Navy Properties, the real estate arm of the Cohen family.

Bonnis’ proposed office building wants to go higher

Commercial  •  Business In Vancouver  •  RENX

Bonnis Properties principals Kerry and Dino Bonnis have proposed a 16-storey, Perkins&Will-designed office building in the heart of downtown Vancouver. What could hold the development back, however, is that its 260-foot proposed height is far beyond the 90 feet zoning allows.

Vancouver’s CRE market tilts east

Commercial  •  Business In Vancouver  •  RENX

On the eastern edge of downtown Vancouver, QuadReal Property Group‘s redevelopment of the former Canada Post site on Georgia Street signals what is being seen as an eastward migration of Vancouver’s commercial real estate.

Tech industry demand filling Victoria’s office space

Commercial  •  Victoria News

43 per cent of the office space under construction in four of Greater Victoria’s suburban markets (Langford, Colwood, View Royal and Sooke) has been pre-leased, according to CBRE Group’s first Victoria office report. Office vacancy rates have fallen to 6.8 per cent.

Weaving Baskets buys Cornwall Square retail complex

Commercial  •  Ottawa Business Journal

Cornwall-based developer Weaving Baskets Group said it has acquired the 250,000-square-foot Cornwall Square shopping centre to complement its portfolio of local properties, which includes the Seaway Shopping Centre. The two-level mall was built in 1979 and features more than 60 tenants.

The Saskatchewan Edge › Advice from the business trenches

Kelly Macsymic: Business Manager, Stuart Commercial Inc., Sales Associate, ICR Commercial Real Estate

Reframed Initiative seeks retrofits for buildings

Residential  •  Sustainable Biz Canada

The Pembina Institute has launched its Reframed Initiative to accelerate retrofits to help Canada meet its net-zero emissions target by 2050. The company has dropped energy from the deep energy retrofit labelling as one of the key components of the initiative.

$300M seniors’ housing project coming to Mtl.

Residential  •  CTV

A four-building, 740-unit, $300-million eco-friendly seniors’ housing project is coming soon to the quaint suburb of Ste-Anne-de-Bellevue on Montreal’s West Island. The municipality announced the $12.5 million sale of land beside Ste-Anne’s Hospital on Anciens-Combattants Blvd. to developer Dev Meta.

Taggart largest landowner of Ottawa suburb Tewin

Residential  •  CBC  •  CBC  •  Ottawa Citizen

The Algonquins of Ontario group’s partner at the Tewin community, Taggart Group, owns the most land on the identified area of Ottawa’s fourth suburb. Taggart has acquired more than 1,500 acres on the site and just beyond what’s currently allocated.

Landlords must certify vaccinations for fed buildings

Commercial  •  REMI Network

Commercial landlords will be expected to verify requisite vaccinations of any building personnel, including contractors and subcontractors, who enter into premises the Canadian government leases by Oct. 29, more than two weeks before the federal public service COVID-19 vaccination mandate.

A second urban rail system for Toronto: Part 2

Residential, Commercial  •  Urban Toronto: Part II  •  Toronto Star  •  Toronto Star

The GTA has been the flagship for Canadian growth over the past 50 years, but while regions like York and Peel have seen incredible growth, investments in transit connecting to the City of Toronto have been lacking. Urban Toronto: Part I

Could forced shutdown hold the key to saving Indigo?

Commercial  •  Toronto Star

When the pandemic hit, troubled book and lifestyle chain Indigo was forced to rely on online sales for 100 per cent of its revenue. However, while other retailers suffered, Indigo’s online sales soared — more than doubling during the pandemic, to $370 million.

Port of L.A. to operate 24/7 to help ease bottlenecks

Commercial  •  Globe and Mail  •  Globe and Mail

The White House said Wednesday it has helped broker an agreement for the Port of Los Angeles to become a 24-hour, seven-days-a-week operation, part of an effort to relieve supply chain bottlenecks and move stranded container ships driving prices higher.

Home Depot, Lowe’s slip lower on supply chain risk

Commercial  •  Toronto Star

Home Depot (HD) shares traded lower Friday, with its smaller rival Lowe’s (LOW) following suit, after analysts at Loop Capital cut their ratings on both companies, citing ‘significant’ supply chain risks for the home improvement retailers.

NYC’s office buildings lost 17% of their value to COVID

Commercial  •  MarketWatch  •  Bloomberg  •  The Real Deal

New York City’s office buildings saw their first decline in property values in over two decades as the pandemic shuttered businesses and sent thousands of workers home, raising serious questions about the health of the city’s finances.

Home prices could decline by 14% over next 3 years: IMF

Residential  •  Financial Post

“In a worst-case scenario, the house price decline over the next three years is estimated to be about 14% in advanced economies and 22 per cent in emerging markets,” says Tobias Adrian, director of the IMF‘s Monetary and Capital Markets Department.

Kingsett introduces CMHC lending program

Residential  •  Canada Newswire  •  RENX

KingSett Capital announced the expansion of its lending program with five- and 10-year term Canada Mortgage and Housing Corporation-insured mortgages. This program will support the financing of multifamily market rental, affordable rental, student housing and seniors’ residences.

Fengate JV breaks ground on Hamilton mixed-use

Residential, Commercial  •  Globe Newswire  •  RENX

Fengate Asset Management, The Hi-Rise Group, SG Constructors and the Labourers’ International Union of North America announced the ground-breaking of a mixed-use development at 75 James St. in Hamilton featuring 500-plus residential units as well as office and heritage space.

Edm. affordable rental townhome community unveiled

Residential  •  REMI Network

Q4 Architects has unveiled the design of a new rental townhome community coming to the Creekwood Chappelle neighbourhood of Southwest Edmonton. One of the first purpose-built rental communities in the neighbourhood, over 30 per cent of the suites will be affordable.