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DT Toronto office availability dips for first time in 5 years
DT Toronto office availability dips for first time in 5 years
The downtown Toronto office market has just experienced its first decline in office availability in five years, according to JLL’s Q4 2024 Toronto Office Insight report. It cites "aggressive concession packages” by owners as a contributing factor.
Choice sells Montreal development site to Place Dorée
Place Dorée Real Estate Holdings’ acquisition of a residential redevelopment site at 800 Henri-Bourassa Blvd. W. in Montreal is the latest sign of a bounce-back in the city’s residential land market.
Intelcom takes over large industrial lease outside Montreal
Intelcom, a Quebec specialist in sorting and delivery services and Amazon subcontractor has leased more than 350,000 square feet in the Montreal borough of Saint-Laurent. The company is taking space formerly occupied by hockey stick and skate manufacturer CCM.
Feds seeking office space near the Quebec-U.S. border
The federal government is preparing for the possibility of another surge in asylum seekers at the Canada-U.S. border in Quebec and is looking to rent office space to help with processing people who attempt to cross.
Landmark seeks help to fill Kelowna's tallest office building
It has - and hasn't - been easy leasing out space in Kelowna's tallest office building. Landmark 7 is the city's premier business address - a gorgeous and glassy 23-story highrise with 226,000 square feet of class-A commercial and office space.
Alberta food processors prepare for threatened U.S. tariffs
Alberta’s food processing industry is scrambling to prepare for potential tariffs on Canadian products by the United States. Food processing is the second largest manufacturing sector in the province, a $28-billion industry which is now under threat.
Canadian hotels set annual record for average daily rates
Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were the highest for any year on record, according to CoStar’s 2024 data. Among the major markets, Vancouver saw the highest occupancy at 78.2 per cent.
Ottawa’s $129M ByWard Market plan focuses on pedestrians
Boiled down, the City of Ottawa’s ByWard Market Public Realm Plan Recommendations Report is this: Pedestrians first. It envisions a ByWard Market with pedestrian friendly streets, an improved food market and extensive tree planting to create green, welcoming spaces.
Reassessment delay impedes Ont. property tax distribution
GUEST SUBMISSION: An analysis of over 3,400 residential sales between July 1, 2023, and June 30, 2024, in Vaughan, Ont., reveals the outdated property assessment values, resulting from delayed provincial reassessments, is resulting in inequitable tax distributions for residential properties.
Mississauga task force proposes 30 new housing actions
A new report recommends 30 actions the City of Mississauga can take to relieve the housing crisis. Recommendations fall under four priority areas including reforming development fees and updating building and design standards to help boost supply and affordability.
Multi-tower proposal at Dundas and Neyagawa in Oakville
A mixed-use community has been proposed in Oakville’s developing Neyagawa–Glenorchy neighbourhood. The plan from Neatt Communities calls for seven residential towers ranging from 15 to 28 storeys, positioned along the planned Dundas Bus Rapid Transit (BRT) corridor.
UTILE's modular construction looks to lower housing costs
Quebec student housing non-profit UTILE is advocating a framework to lower the costs of modular construction, the biggest barrier to a method it argues can help alleviate Canada’s housing shortage and affordability concerns.
Retailers are facing a $9.1B problem: Organized theft
While shoplifting has always existed, retailers across the industry are raising the alarm about a disturbing increase in incidents that are far greater in scale, many of which law enforcement have tied to organized crime.
Centre Eaton de Montréal plans new food court for 2026
Centre Eaton de Montréal has announced the revitalization of its food court. The newly reimagined food court promises a unique, welcoming and warm dining experience. It is set to be unveiled in fall 2026.
Plan to bring new life to Edmonton's Army & Navy building
Leasing plans have revealed a sneak peek into the future of Edmonton’s historic Army & Navy building, purchased by Leder Investments in 2024. Plans look to breathe new life into the space with opportunities for retail and restaurant uses.
Real estate podcasts
Mathieu Laberge, CMHC: 2025 market outlook, Canadian Real Estate Investor
Michael Matthew, CPA: Investing in U.S. real estate, My Life as a Landlord
Santanna Portman, WWC: Is Nanaimo the next hotspot for CRE investment? VCREP
The companies spending hundreds of millions on NYC office space
Major tenants signed big leases in New York City in 2024, in some cases paying handsomely for their new spaces as the city's office market attempts to claw its way back from dark pandemic times.
Griffin taps Related to develop Citadel's Miami headquarters
Ken Griffin is partnering with Related to help develop the massive new Miami headquarters for his Citadel businesses. Related, known for work on developments such as Hudson Yards, is being brought onto the project to build a 54-storey tower.
3Edgewood buys former Groupon HQ in largest Chicago office deal since 2022
Groupon’s 1.6M-sq.-ft. former headquarters building along the Chicago River has sold to 3Edgewood, for US$88.7M. That marks a steep decline from the US$510M former owner Sterling Bay paid for the property in 2018.
Blue Owl JV obtains $2.3B for data centre project
The joint venture of Blue Owl Capital, Crusoe Energy Systems and Primary Digital Infrastructure has obtained a US$2.3 billion loan to capitalize a 206 megawatt build-to-suit data centre development in Abilene, Tex.
Industry Events
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Canada Real Estate Auctions
Feb 01 2025
to Dec 31 2025
Canada
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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