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Less than half of multifamily operators have integrated AI into operations: report

1 day ago

Less than half of multifamily operators integrating AI

New York City-headquartered EliseAI opened a Toronto office in February and recently released a report based on surveying 50 Canadian multifamily operators and 200 renters to find out how they’re using artificial intelligence at their properties.

Developers eye boost from Surrey arena plans

Surrey’s plans for a new arena anchor its vision for a downtown entertainment district. The 10,000 seat arena is set to open in 2030 complete with a 175-room hotel and 100,000 square feet of office and retail space.

A new community for Rexdale — centred around a racetrack

VIDEO: A multi-use community anchored around a racetrack? CBC’s Nav Nanwa has the details on a massive redevelopment that could transform Toronto’s Rexdale neighbourhood — and why some are worried not everyone will benefit from the plan.

Alberta’s data centre push enters new phase

Alberta has finally landed its first whale in the quest to draw $100 billion of data centre investment into the province — a new campus to be built by Meta Platforms. But the story behind the story dates back years.

Planned data centres' capacity could soar to 20 GW

A document prepared for the federal artificial intelligence minister to use when pitching international investors on Canada’s AI ecosystem identifies a massive proposed increase in Canada’s data centre capacity, but spokespeople for the government pushed back strongly on the figure.

How Meta plans to cut data centre water use

A Meta Platforms Inc. executive garnered applause at a news conference this week after he boasted that a gargantuan data centre planned for north of Edmonton would use less water annually than a typical Alberta golf course. 

Trophy office assets standing out: report

"Since 2025, Trophy office sales accounted for 25% of the total square footage and 39% of the total dollar volume of office sales in Canada,” says Avison Young's Mark Fieder. “This is up considerably from the period 2014 to 2019."

Green Street launches commercial property price index

Green Street has launched its inaugural Canadian Commercial Property Price Index, reinforcing the firm's market-leading pricing intelligence that provides investors, lenders and market participants with a timely view into Canadian commercial real estate values.

Halifax loses tax fight over Mic Mac Mall sale

Halifax failed to get real estate firm and developer Rank Inc. to pay a deed transfer tax from the purchase of the Mic Mac Mall. Rank acquired the Dartmouth mall from Ivanhoe Cambridge II Inc. in 2021.

Factor Meals opens 50,000-square-foot facility in Calgary

Ready-to-eat meal delivery company Factor Meals recently opened a 50,000-square-foot operation in Calgary that will expand its western Canadian footprint. The new kitchen facility, which is already operating, is expected to create 400 new local jobs.

How an old Toronto apt. building is getting a second life

Imagine a giant winter coat wrapped around a residential tower. This is how the team behind a major retrofit of Toronto’s east-end Ray McCleary Towers describes their ambitious project, which they aim to do without moving tenants out.

Vancouver plans citywide development charge

The City of Vancouver is preparing a historic overhaul of how it charges new developments to help pay for the infrastructure and amenities needed to support growth, with a new citywide amenity cost charge planned to take effect in September.

B.C.'s Massey Tunnel replacement doubles in cost to $8.5B

The projected cost of replacing the George Massey Tunnel in Metro Vancouver has ballooned to $8.5 billion, more than double the previous budget, the provincial transportation minter said Monday, citing market conditions, inflation and "size and complexity."

Two firms hand investors a door into global real estate

Accredited Canadian investors can now reach a global real estate strategy managed by TD Asset Management Inc through a new vehicle launched by iCapital Network Canada Ltd, the two firms said. 

Over 40% of Canadian manufacturers weighing U.S. move

According to KPMG Canada, 42 per cent of Canadian manufacturing companies indicated they have or are considering moving to the U.S. due to trade tensions. Of those, 77 per cent expect to make the transition within the next two years.

Construction begins on AmEx's World Trade Center HQ

Nearly 25 years after the 9/11 World Trade Center terrorist attacks, work on the new campus’ final new office tower is underway. A groundbreaking took place Thursday morning at 2 World Trade Center, the future global headquarters of American Express.

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