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3 perspectives on Toronto’s economy, housing market
3 perspectives on Toronto’s economy and housing market
Three different perspectives were offered on the economy and housing at the Toronto Where Are We Going? event presented April 10 by Devron and hosted by journalist and Dragons’ Den host Dianne Buckner at historic Massey Hall.
Burnaby's film studio development falls through
Burnaby Mayor Mike Hurley says Larco Investments announced it is not proceeding with a film studio development on 18.5 acres at 3990 Marine Way. The City of Burnaby had sold the site to Larco for $136 million in 2021.
Metro Vancouver industrial market starting to normalize
Metro Vancouver’s industrial market is entering a period of equilibrium, as the frenzy that once defined it dies down. This is according to a Vancouver Real Estate Forum expert panel, which last week described the sector as “more normalized.”
Artifact acquires DoubleTree by Hilton Downtown Montreal
Artifact Group has expanded its hospitality portfolio in Quebec with the acquisition of the 595-key DoubleTree by Hilton Downtown Montreal hotel, one of the major components of the Complexe Desjardins in the city’s entertainment district.
Flexible work company LAUFT plans expansion
As workplaces in Canada have been reshaping from in-office to hybrid and remote environments, LAUFT, known for its flexible on-demand offices, has announced ambitious expansion plans, including a contract with the federal government of Canada.
Iconic Toronto mansion may be destined for redevelopment
A listing for Toronto's iconic Keg Mansion suggests the palatial home-turned-steakhouse may be in play for a future high-rise redevelopment by owner Farhi Holdings Corporation. The listings advertise 1.17 acres of land described as "highly efficient for high-rise redevelopment."
Taheri proposes 11-storey mixed-use in Yorkville
Taheri Development has proposed an 11-storey mixed-use at 126 Avenue Rd. on the western edge of Yorkville. The Icon Architects-designed building would contain 49 condo units, 11 rental replacement units and 2,357 square feet of retail space.
Montoni, partners open doors to Laval Marriott
Montoni Group and its partners announced the opening of a new Courtyard by Marriott hotel within the Espace Montmorency development in Laval, Que. The $45-million hotel features 188 rooms on 10 floors, a restaurant and an open-air bar.
Canada Post planning new building at Vancouver airport
Canada Post is looking to construct a new building immediately west of the 2014-built processing centre at 5940 Ferguson Rd., which is located north of the North Runway at Vancouver International Airport.
Multibillion-dollar plan to update Pearson Airport
The Greater Toronto Airports Authority said it launched the first phase of procurement for Pearson LIFT, a multibillion-dollar plan to update and modernize Toronto Pearson Airport intended to help it meet growing demand.
30-year mortgages seen helping small 'sliver' of market
Canada’s decision to allow first-time homebuyers to take out mortgages with 30-year amortization periods on new builds will only affect “a sliver” of the country’s highly priced housing market, according to analysts including Ryan Berlin, Vancouver-based Rennie senior economist.
Starlight hits milestone for 2025 green building targets: COO
Starlight Investments is working on meeting its certified green space targets across its residential and commercial portfolio in Canada and the U.S. by 2025, according to Glen Hirsh, chief operating officer of the Toronto-based real estate investor and developer.
Windsor Fashions opening five Canadian stores
Windsor Fashions announced plans to open five stores in Canada by the end of May, with retail spaces confirmed in Hamilton’s CF Lime Ridge Mall, the Oshawa Centre, Richmond Hill’s Hillcrest Mall, Newmarket’s Upper Canada Mall and Toronto’s Dufferin Mall.
Couche-Tard's long-term outlook remains positive
ANALYSIS: The long-term outlook remains positive for Alimentation Couche-Tard Inc. (ATD-T), but the short-term situation carries some concerns. As might have been feared, a reduction in spending affected he convenience store and gas station operator's Q3 2024 financial results.
Wpg.'s McNally Robinson takes books-first approach
On the first Monday morning in March, after a weekend-long snowstorm caused sporadic power outages and school closings, the McNally Robinson Booksellers store in Winnipeg’s Grant Park Shopping Centre was teeming with customers.
Real estate podcasts
Jim Costello, MSCI: Valuing assets in a volatile market, CRE Podcast
Jennica Palecek, Colliers Vancouver: Building a personal brand with intention, People Who Perform
Celia Chandler, Co-operative Housing Federation of Toronto: How co-op housing model works, CRE Podcast
BlackRock hits record US$10.5T in AUM
BlackRock (BLK-N) reported record assets under management of about $10.5 trillion in Q1 2024 and posted a 36 per cent jump in profit on Friday as a rebound in global equity markets boosted its investment advisory and administration fees.
Industrial rents drop in SoCal for first time since 2009
Industrial rents in Southern California dipped in the first quarter, marking the first time they have decreased since 2009, according to Savills. The drop is just under 15 cents per square foot in both Los Angeles and the Inland Empire.
JLL reveals most desired streets for U.S. office space
Sand Hill Road in Menlo Park, Calif., topped JLL’s Most Expensive Streets 2024 Report with average full-service gross asking rents reaching $167.74 per square foot, followed by 34th Street in Hudson Yards, N.Y, at $162.43.
Tokyo office vacancies hit three-year low
Tokyo office vacancies dropped to a three-year low in March, a sign the commercial real estate market in the Japanese capital is withstanding the slump afflicting major cities around the world, according to real estate broker Miki Shoji Co.
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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