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There's big demand in Canada's retail shopping centre market
There's big demand in Canada's retail shopping centre market
In a commercial real estate environment largely devoid of major transactions, one sector continues to surprise: retail. With reports Quebec City’s massive Galeries de la Capitale mall is for sale, another major transaction could be in the offing.
Vancouver office market thrives amid N. American struggles
While other notable North American cities struggle with persistent vacancies, Vancouver’s office market is bucking the trend. It outperforms other major cities due to a combination of factors, including cautious financing of development, a non-head-office designation and competitive labour costs.
450K-sq.-ft. Quebec industrial building under construction
Shovels hit the ground Friday for Écoparc Châteauguay 30, a collaboration between Montoni Group, Fonds immobilier de solidarité FTQ and Montez Corporation on a sustainable industrial building near Montreal. The building will feature nearly 450,000 square feet of space.
NCC acquires downtown Ottawa office building
The National Capital Commission has acquired a three-storey downtown Ottawa office building from 148-152 Sparks St., which purchased it in 2014 from Ages Holdings and Murray Macy Enterprises for $4.8 million. The building includes retail space and a restaurant.
Calgary conversions spike ahead of population boom
According to the Re/Max 2024 Commercial Real Estate Report, Calgary is leading the country in conversion projects in the downtown core. All in all, 17 former office spaces have been converted into residential rentals.
Toronto planners mull allowing more conversions
A 54-year-old brutalist office building in downtown Toronto is poised to be razed and replaced by a residential tower. But unlike with other office demolitions, the city did not require the landlord to replace the lost office space.
Talisker proposes six buildings to replace Etobicoke cinemas
A proposed Talisker Corporation community would introduce six mixed-use buildings ranging from seven to 46 storeys at Cineplex Cinemas’ South Etobicoke location. The WZMH Architects-designed buildings would comprise 4,222 residential units and 27,168 square feet for retail and day-care facilities.
Helicopter flight path reduces height for 295 Jarvis
A Minister’s Zoning Order (MZO) that preserves air space for the safe operation of air ambulance services means several proposals are now being trimmed in height, including 295 Jarvis Street which reduces a CentreCourt proposal from 60 storeys to 36.
Live Hoskins proposes seven-storey mixed-use in Kelowna
Live Hoskins Inc. has proposed a seven-storey mixed use in West Kelowna. The development would include two ground-level commercial units and 65 rental units above - 20 studio, 35 one-bedroom and 10 two-bedroom units.
Body Shop, Red Lobster show corporate dynamic pitfalls
Companies like the Body Shop and Red Lobster are recent examples of how dynamics between foreign companies and their subsidiaries can spell trouble for businesses in Canada no matter how well the local arm performs.
Retailers show ‘renewed interest’ in downtown Ottawa
Ottawa’s retail sector is gaining momentum as demand for space outstrips supply in many neighbourhoods, especially in the suburbs, according to Re/Max Canada’s 2024 Commercial Real Estate Report.
Carlingwood Mall could become perfect community hub
OPINION: No doubt some in Ottawa will be upset by the sale of Carlingwood Shopping Centre to a pair of real estate investors. I see it as a great opportunity to build a complete community.
Winnipeg poised to waive fees to stimulate housing
The City of Winnipeg is poised to waive up to $6.75 million worth of building fees over the next three years to stimulate the construction of more housing in downtown Winnipeg.
Senior Residences of Oakdale to bring 270 rentals to Wpg.
The Senior Residences of Oakdale will bring 270 rental units to Winnipeg by May 2025. The 55-plus complex will open with three buildings in three phases with the first 63 units in the five-storey Building C coming this fall.
Engineer suspended over alleged flawed apartment bldgs.
Moncton structural engineer Hélène Thériault has been suspended in New Brunswick and Prince Edward Island and lawsuits have been filed alleging design flaws in three apartment buildings she helped design.
Slate acquires World Seafood Center in Norway for $167.5M
Slate Asset Management, a global alternative investment platform targeting real assets, has acquired the World Seafood Center, a new state-of-the-art 592,015-sq.-ft. refrigeration and distribution facility in Gardermoen, Norway, for approximately $167.5 million Cdn.
Brookfield's private REIT acquires three properties
The $1B Brookfield Real Estate Income Trust Thursday announced its first acquisitions since May 2022:, a trio of properties totaling $150 million, including $116M for the 25-storey, 741-bed Reflection student housing building in Atlanta.
U.S. multifamily investors absorb financial pummeling
According to MSCI data, U.S. multifamily buildings make up the biggest share of properties with potential distress — exceeding even offices — with more than $56 billion worth of real estate at risk of financial trouble.
Brisbane's CBD needs 11 more office towers: Colliers
The Brisbane CBD will extend to inner city precincts and will need an extra 11 towers built to accommodate a surge in office demand through 2032, according to Colliers' Into the Golden Decade: Transformation of the Brisbane CBD.
Industry Events
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RealREIT
Sep 10 2024
Toronto
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Canadian Apartment Investment Conference
Sep 11 2024
Toronto
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BOMEX - BOMA Canada's National Building Summit
Sep 23 2024
to Sep 25 2024
Vancouver, B.C.
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Winnipeg Real Estate Forum
Sep 24 2024
Winnipeg
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2024 CREW Network Convention
Sep 25 2024
to Sep 27 2024
Vancouver Convention Centre
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Ottawa Real Estate Forum
Oct 02 2024
Ottawa Conference & Event Centre
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Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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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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