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CanFirst, Colonnade Bridgeport buy Ottawa industrial land
CanFirst, Colonnade BridgePort buy Ottawa industrial land
Ottawa’s growth as a large- and mid-bay industrial market will continue, with the acquisition by CanFirst Capital Management and Colonnade BridgePort of a 50-acre site. They plan to construct up to 900,000 square feet of new space.
Bridge-Bonaventure could be 'exemplary neighbourhood'
Bridge-Bonaventure’s future mixed-use redevelopment by a consortium offers a unique opportunity to create an “exemplary neighbourhood” focused on durable mobility that would increase the supply of housing while cutting Montreal’s carbon footprint, according to economists Arnold Beaudin and Guy DeRepentigny.
PC Urban proposes 3 Van. industrial/office buildings
PC Urban has proposed three mixed-use industrial and office buildings at 8696 Barnard St. in Vancouver's Marpole neighbourhood. The IntraUrban Southlands project would total 160,000 square feet of manufacturing, office and storage space.
 | The Apartment Building Expert TCU Development founders graduate from hockey to housingDerek LoboFounder and CEO , SVN Rock Advisors Inc. |
Moncton council moves ahead with subdivisions
Moncton councillors Monday voted in favour of two proposed subdivisions. ELCE Developments Inc.'s Eastgate Village plan features 956 residential units. A separate plan by landowner Harry Wynberg Jr., would have an unspecified number of houses on 39 acres.
Avenue Living surpasses $4.25B in AUM
Calgary's Avenue Living has exceeded $4.25 billion in assets under management (AUM). Following a series of key acquisitions in its multiresidential, self-storage and agricultural funds, Avenue Living's milestone represents a 4X increase to its AUM since 2018.
Darwynn to open fulfillment centre near Vancouver
Ontario-based Darwynn, which is building an end-to-end fulfillment ecosystem, is taking possession of its new 12,000-square-foot facility in Greater Vancouver on Nov. 1, further expanding the company’s offering into Western Canada.
Vancouver cemeteries running out of real estate
As B.C.’s Lower Mainland population continues to grow and available land becomes increasingly scarce, cemeteries are grappling with a looming burial space crisis that is being exacerbated by land-use restrictions and property price increases.
North End Winnipeg’s largest synagogue for sale
Congregation Etz Chayim, north Winnipeg’s largest synagogue, hit the open market on Tuesday. The 70-year-old, 40,000-square-foot facility was listed as the synagogue will relocate its services to the south end of the city next summer.
Hurricane Fiona caused $660M in insured damage
An initial estimate by Catastrophe Indices and Quantification Inc. suggests Hurricane Fiona caused $660 million in insured damage. The Insurance Bureau of Canada says the storm was the most costly extreme weather event ever recorded in Atlantic Canada.
Ottawa retail strong as consumers return to stores
The Ottawa retail leasing market has strengthened in 2022 and is not showing many signs of slowing down. A JLL report said asking rents have strengthened once more and the market remains tight due to the chronic lack of completions.
Parkland says Q3 results below expectations
Calgary-based Parkland Corp. (PKI-T) is warning its third-quarter results will fall short of its expectations, but is maintaining its guidance for the full year. Parkland says it expects $325 million in adjusted earnings before interest, taxes, depreciation and amortization.
GE to vacate Boston HQ in downsizing effort
General Electric plans to move out of its headquarters in Boston's Fort Point neighborhood just three years after opening the space. It plans to vacate the 100,000-square-foot office as part of a broader initiative to downsize its office footprint.
43% of corporations increasing flex space Investment
There’s no stopping the momentum toward co-working office spaces as firms and major brokerages continue to increase investment in this trending environment. JLL’s Future of Work Survey found 43% of firms plan to increase investment in flex space through 2025.
British Land weighs $919M London office sale
London-based real estate investment trust British Land Co. is planning to sell a portfolio of London buildings, appointing an adviser to sell 10, 20 and 30 Brock St. which are valued at about $919 million Cdn, sources said.
Asia’s richest banker weighs $1B real estate fund
Kotak Investment Advisors Ltd., backed by Asia’s richest banker Uday Kotak, is looking to raise about $1 billion for a new fund dedicated to investing in India’s residential real estate, according to a person familiar with the matter.
ApartmentLove deal provides access to 680K additional rentals
ApartmentLove (APLV-CN) announced it has entered into a distribution partner agreement with one of the largest short-term vacation rental facilitators operating online. The listing partner maintains an active inventory of more than 680,000 short-term vacation rentals around the world.
Homebuyers, homesellers playing the waiting game
According to Canadian Real Estate Association chair Jill Oudil, many potential sellers in Canada have joined buyers in playing the waiting game. The slow stream of listings is keeping the market on the tighter side of balanced territory, she says.
Report labelling Toronto, Vancouver markets as frothy overblown
OPINION: A report by European bank UBS Switzerland AG recently named Toronto and Vancouver among the frothiest housing markets in the world, but before you get too alarmed, a deeper dive shows its messaging and conclusions are contradictory.
Luxury buyers sitting on sidelines: Sotheby’s
Canada’s luxury real estate market continued to recede from anomalous historic highs in Q3 2022, as top-tier inventory faded across key metropolitan areas, according to Sotheby’s International Realty Canada’s Top-Tier Real Estate: Fall 2022 State of Luxury Report.
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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