Vancouver’s office vacancy rate has moved into a tie with Toronto’s, and both cities now share the lowest office vacancy rates in North America, according to CBRE’s Canada Q2 Quarterly Statistics Report covering the office and industrial markets.
A Montreal-founded startup, Sonder Canada Inc., offering an alternative to Airbnb and traditional hotels, has raised US$210-million in financing. In 2019 Sonder surpassed US$200-million in revenue year-to-date and reached a valuation of more than US$1-billion.
Ottawa-based InterRent REIT (IPP-UN-T) closed $201.3 million in bought-deal financing to fund a series of acquisitions in Montreal. The fresh cash will go towards paying down debt and funding acquisitions, including four properties in Montreal valued at $166 million.
Plans have officially been unveiled for ‘Oakridge’ — a mixed-use development with designs on becoming Vancouver’s second city centre. The ambitious scheme to create an “entirely new urban typology” is backed by Westbank, which has teamed up with 50 global firms.
Quebec developer Grégoire Gollin said he’s committed to transferring around 60 hectares of the forest known as The Pines to the Mohawks of Kanesatake in the spirit of reconciliation, through a federal ecological gifts program.
Chief Investment Officer & Portfolio Manager, Equiton Capital
From the ever-present challenge of dog poop to the benefits of nature on mental health, and the consequences of flooding across Ontario and Quebec, a 23-city Canadian City Parks Report is giving us a big picture of parks across Canadian cities.
London’s industrial availability rate dropped to 3.7 per cent in the second quarter of 2019, an all-time low, down from 5.4 per cent one year earlier, according to a report published Tuesday by CBRE. Falling vacancy is expected to drive up rents.
It’s that point when many in Canada’s CRE industry head out of the cities for vacations in the mountains, at the lake or perhaps to network at the Calgary Stampede. But that doesn’t mean there aren’t issues and stories.
Alimentation Couche-Tard, already the largest Canadian company in terms of sales, wants to double its net profits over the next five years and Brian Hannasch, chairman and CEO, did not hide the fact the target is “ambitious”.
A year after taking control of DavidsTea, Herschel Segal and his new team yesterday presented the shareholders with their strategy to get the company back on track: “The expansion of product availability” in 1,250 or more supermarkets.
Hudson’s Bay Co.’s special board committee has hired Toronto-Dominion Bank as independent evaluator and Centerview Partners LLC as special adviser to help evaluate a $1-billion take-private bid by the retailer’s executive chairman.
What’s one topic that virtually everyone on Vancouver’s minority city council can agree on? That the city’s increasing reliance on parking as a source of revenue is a good thing.
Imagine a modern regional tram that could get people out of their cars and connect communities between Surrey and Chilliwack. The line already exists. It’s the old interurban track that was built by B.C. Electric Railway and completed on Oct. 3, 1910.
Green Line or Pipe Dream Line? Calgarians are entitled to wonder as more trouble piles up around the massive north-southeast LRT project. The latest appears to be management. Project deputy director Fabiola MacIntyre has resigned, effective immediately, with no explanation.
It’s possibly the largest-ever disruption in Montreal regional public transit services but planners have no idea how traffic or the existing transit network will be affected when the Mount Royal tunnel, used by 18,000 daily commuters, closes in six months.
From the 23rd floor of Ottawa’s newest apartment complex at 100 Frontier Path Private, the east end of the city stretches toward Montreal, bisected neatly by Highway 417. Down below, Blair Station, the easternmost terminus of Ottawa’s LRT, lies silent.
A new Royal LePage housing forecast expects home prices will decline in Western Canada by the end of 2019, but grow in major centres from Ontario eastward with a modest 0.4-per-cent increase nationally by year-end compared with 2018.
The first in a weekly series where the Star seeks simple, affordable solutions to the problems faced by Torontonians. With increasingly unaffordable housing options, some neighbourhoods are overwhelmed by high-rise construction, while others are losing vitality because of depopulation.