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Montoni plans up to 2M sq. ft. at N.B. industrial park
Montoni plans up to 2M sq. ft. at N.B. industrial park
Montoni Group has announced an ambitious long-term plan to develop up to two million square feet of new industrial capacity at the Dieppe Industrial Park in New Brunswick, just outside the City of Moncton.
Redevelopment plan for old Toronto Coach Terminal unveiled
The City of Toronto plans to turn the former Bay Street bus terminal into a mixed-income, mixed-use development. Announced yesterday, the plan would see 873 units in two towers, a paramedics station, retail and public spaces built.
Retailers to benefit from GST break, but bumps ahead
A sales-tax break coming in mid-December could help stimulate holiday shopping but will create logistical headaches for retailers, industry representatives say. The federal government announced yesterday the GST will be paused for two months on some items.
Could tax break impact BoC's next interest rate cut?
The Liberals’ announcement Thursday of roughly $6.3 billion in GST/HST breaks and rebates has some economists wondering what that rush of cash into people’s pocketbooks could mean for the Bank of Canada and interest rate cuts.
Alleged mafia boss had ties to GTA developers, wiretaps show
Angelo Figliomeni’s strategizing with a real estate developer over a $30M deal in jeopardy was among thousands of calls wiretapped by police as they probed what investigators alleged was a powerful and dangerous Canadian faction of Italy’s ’Ndrangheta mafia.
 | The Industrial Real Estate Show Making manufacturing cool againChad GriffithsPartner, NAI Commercial |
Couche-Tard not considering hostile takeover of Seven & i
Alimentation Couche-Tard (ATD-T) is not considering a hostile takeover bid for Japan’s Seven & i, the Nikkei business daily has quoted the Canadian suitor’s chairman and co-founder, Alain Bouchard, as saying.
Dollarama's Rossy named CEO of the year by Globe and Mail
In a world of attention seekers, Neil Rossy is decidedly discreet. You’d be hard-pressed to find a Canadian chief executive who keeps a lower profile—never mind one running a public company worth $40B on the TSX.
Housing catalogue designs for the past and present
Inspired by standardized housing designs from the 1940s and 1950s, architects have worked to modernize an idea that proved remarkably successful 60 years ago, albeit adapted to 21st-century realities. The catalogue will be released early next year.
Vancouver eyes standardized six-storey wood apartments
A Metro Vancouver report on rental housing proposes making it easier to build six-storey apartment buildings out of wood. Concrete buildings typically cost 20 to 24 per cent more to build than wooden ones.
Quebec battery plant will proceed, Northvolt pledges
Northvolt AB has filed for bankruptcy protection in the U.S., but said the move will not jeopardize the manufacturer’s planned electric vehicle battery plant in Quebec — though hundreds of millions of taxpayer dollars invested in the company could be lost.
Easing market conditions push industrial asking rents lower
CBRE recently released its Canada Industrial Figures Q3 2024, which revealed the national availability rate increased to 4.4 per cent amid softer demand and more available new supply being delivered in the third quarter.
Winnipeg's St. Charles a victim of demolition by neglect
Years after the owner of the historic and long-vacant St. Charles Hotel promised it would be redeveloped, Heritage Winnipeg says the city government can no longer ignore the deterioration of the Exchange District property.
Calgary's Grand reaches tenancy agreement with Allied
Calgary’s historic Grand theatre will continue to operate, after an agreement was reached between its landlord and the society that operates it. The theatre announced Thursday an innovative partnership agreement with landlord Allied Properties REIT.
Ottawa tour hopes to lure businesses to DT pedestrian area
The Sparks Street BIA and Mall Authority, National Capital Commission, and Public Services and Procurement Canada hosted an open house along the downtown pedestrian street last week in the hopes of attracting more businesses to the area.
Cineplex debuts massive Rec Room in Royalmount mall
Sitting on 30,000 square feet, the Rec Room, which cost an estimated $10 million, is Cineplex’s first such venture in Quebec. The mega-video arcade officially opens to the public on Monday in the upscale Royalmount mall.
Cologix plans $7B data centre campus in Ohio
Cologix has acquired land from Johnstown Land Co. in Johnstown, Ohio, to develop a new, AI-ready data centre campus. The first phase of development is anticipated to begin in 2025.
NYC’s One Vanderbilt valued at $4.7 billion in stake sale
SL Green Realty Corp. sold a stake in One Vanderbilt to Japanese firm Mori Building Co., in a deal that values the trophy office skyscraper near Grand Central at US$4.7B. Mori purchased an 11 per cent interest.
Canary Wharf owners offer $1.1B cash injection to help refinance debt
Canary Wharf Group’s owners — Brookfield Corp. and Qatar Investment Authority — are offering US$1.1 billion of new equity to help the property company repay debt, on the condition bondholders agree to a new layer of secured borrowing.
Investors target CRE to cash out Bitcoin, hope Trump can help
A cryptocurrency bull run has more than doubled the price of Bitcoin in the last year. With prices high, investors are looking for a smooth process to turn their digital assets into physical investments such as real estate.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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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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