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Crestpoint, Hopewell partner to buy small-bay industrial portfolio
Crestpoint, Hopewell to buy small-bay industrial portfolio
Crestpoint Real Estate Investments Ltd. and Hopewell Development have partnered to acquire a Winnipeg portfolio of four small-bay industrial buildings. Crestpoint is the majority owner, while Hopewell will act as the property manager.
Townline's Victoria Public Market to become grocery store
An iconic building in downtown Victoria is about to undergo another transition: owner Townline has announced the Victoria Public Market in The Hudson building will be closed and the space leased to become an urban-format grocery store.
Day on Bay: students get inside look at the CRE industry
Students from Queen’s University who picture a career in real estate are taking time this week to learn from leading industry figures in Toronto as part of its flagship event Day on Bay.
Trump's trade war tests Canada's interest in U.S. CRE assets
International investors poured US$21.3B into U.S. commercial real estate in 2024, more than a third came from Canada. But that flow of international cash could become collateral damage in the Trump administration’s push to rebalance global trade.
OTPP looks to rebalance U.S., overseas investments
Ontario Teachers' Pension Plan is reassessing its appetite for U.S. investments in the face of tariffs and trade tensions, looking for ways to boost the share of its overseas assets as economic risks rise.
Bonnis sells Hudson Mall on Granville for $89M To Hazelview
Shortly before Vancouver-based real estate developer Bonnis Properties submitted the new proposal for 800-876 Granville Street in February that was unveiled this week, it sold a high-profile retail property just down the street.
Cadillac Fairview loaned HBC $200M in 2023 to keep it afloat
Hudson’s Bay Co. in June 2023 went cap in hand seeking “incremental liquidity” from landlords, financial institutions and other lenders to shore up its Canadian operations, but the only one to step up was Cadillac Fairview.
Hudson’s Bay in court again, hopes to save six stores
After a week spent seeking a lifeline, Hudson’s Bay is back in court today to seek permission from an Ontario judge to liquidate all but six stores, and hopes to begin that process starting Monday.
Calgary’s retail market booms as vacancy rates fall
Calgary’s retail market is seeing an impressive surge in demand, with vacancy rates hitting record lows and net rents on the rise. The city’s retail sector has absorbed 500,000 square feet of space in the past year.
Proposed Army & Navy redev. adds more rentals and a hotel
Substantial revisions to the redevelopment of the former Army & Navy department store complex on the southern border of the Gastown district of downtown Vancouver — now effectively call for the doubling of the building heights.
Resubmission for GTA Cineplex site tweaks density, heights
A major redevelopment proposal from Talisker Corp. has been revised in scope for the site of the Cineplex Cinemas’ largest location at The Queensway and Islington Avenue in South Etobicoke.
Lender calls for CMHC mortgage-backed securities program
If the Canada Mortgage and Housing Corporation were to create a new mortgage securitization program, it would encourage a more vibrant market for the financial instrument and open up more home financing options, according to CMI Financial president Kevin Fettig.
Another media giant vacates iconic Toronto headquarters
Last weekend marked the final time that City News staff spent at their 33 Dundas St. E. office, which the brand had operated out of for around 16 years. The move follows CP24 and BNN departing 299 Queen St. W.
Pelican International is put up for sale
Struggling with debts exceeding $180 million, the nautical goods company Pelican International will quickly be put up for sale and sold to the highest bidder. Despite its difficulties, Pelican reportedly already received a purchase offer last week.
Over half of manufacturers can weather a yearlong trade war
A new poll by KPMG in Canada reports 54 per cent of manufacturers surveyed said they will be able to withstand a tariff war with the U.S. that lasts more than one year.
Crowdfunding RE firm fined $100K for unregistered activity
A B.C. crowdfunding company that facilitates fractional investments as low as $1 per share in real estate developments has agreed to pay a $100,000 fine to the B.C. Securities Commission for unregistered trading.
STACK Infrastructure lands $4B for data centre expansion
Denver-based STACK Infrastructure has secured US$4 billion in green financing for a new 1 gigawatt campus in Stafford, Va. The funds will also finance expansions at the firm’s Portland, Ore., and Toronto sites.
What CRE investors eye in 2025
Seven-in-10 U.S. investors said they intend to buy more commercial real estate this year than they did in 2024, according to a new survey from CBRE. Multifamily and industrial were found to be the most attractive property types.
CBRE: Tariffs could drive construction costs up 5%, put projects on hold
The Trump administration imposed 25 per cent tariffs on all steel and aluminum imports and most Mexican and Canadian imports in mid-March. The move is expected to drive up construction costs for CRE by three to five per cent.
Bouclin lowers the price of his luxury Miami Beach penthouse again
The real estate crisis hitting Florida has not spared Réal Bouclin, founder of the former retirement home empire Group Selection. The businessman has discounted the selling price of his sumptuous Miami Beach penthouse by US$15M, now asking US39.9M.
Industry Events
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Western Canada Apartment Investment Conference
Apr 22 2025
Vancouver Convention Centre
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Vancouver Real Estate Forum
Apr 23 2025
to Apr 24 2025
Vancouver Convention Centre
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Edmonton Real Estate Forum
May 27 2025
to Feb 27 2025
Edmonton Convention Centre
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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