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Recent Articles

Slate sees 'huge opportunities' in global CRE: Brady Welch

2 months ago

Slate sees 'huge opportunities' in global CRE: Brady Welch

RENXCommercialRENX

Brothers Blair and Brady Welch had a wide range of commercial real estate experience in North America, Europe and Asia before co-founding Slate Asset Management in 2005 and that has given the Toronto-based firm an international view of the industry.

Genaris plans 36-storey tower at Surrey's Gateway Station

ResidentialSTOREYS

Instead of the area surrounding Surrey Central Station and King George Station, the latest high-rise development proposal in Surrey is set for the area surrounding the preceding station: Gateway Station.

In development since 2020, Langill Farm Phase 2 to start

ResidentialWinnipeg Free Press

When the idea for Langill Farm, a 77-acre mixed-use community, was proposed to city council in Steinbach, Man., at the onset of the COVID-19 pandemic, it was approved almost immediately and without opposition. 

Toronto condo development fees (quietly) increased on June 6

ResidentialSTOREYS

The Canadian housing market is one characterized by contradictions as of late. At a time when both housing starts have plummeted and a perpetual narrative of a severely undersupplied market prevails, Toronto condo development fees have (rather quietly) increased. Again.

PSP Investments' yield on rise despite real estate setbacks

CommercialLa PresseCanada Newswire

PSP Investments, which manages $264 billion of federal employees' retirement assets, achieved a return of 7.2 per cent for its fiscal year. PSP said strong stocks performance, infrastructure investments and debt securities mitigated setbacks in its real estate portfolio.

Food halls on track for more growth as concept catches on

CommercialBuilding

For decades, Canada’s food courts were cookie-cutter spaces jammed with the same dozen chains hawking dishes ideal for lunch breaks or snacking at the mall. But a new wave of dining spaces has thrown that playbook out the window.

23,000-sq.-ft. restaurant coming to former T.O. warehouse

CommercialRetail Insider

A 140-year-old shipping warehouse steps from the Harbourfront Centre on Toronto’s Waterfront is about to see a new lease on life. Queens Harbour will be opening in 2025 at 245 Queens Quay West, bringing ‘MediterrAsian’ cuisine to the neighbourhood. 

Bank of Canada has clear path to 3% interest rate: Fiera CEO

ResidentialBloomberg RENX

Fiera Capital Corp. chief executive officer Jean-Guy Desjardins says “the conditions are right” for the Bank of Canada to cut its policy interest rate to around three per cent by the end of next year. 

Sens president optimistic about downtown arena deal

CommercialOttawa Citizen

Ottawa Senators president Cyril Leeder remains optimistic about making a deal with the National Capital Commission for a downtown arena. “We’ve got the (memorandum of understanding) and we’re working hard to make that happen,” Leeder said.

Cape Breton manufacturer Protocase expanding to U.S.

CommercialSaltwire

A Sydney-based metal component manufacturer is expanding to the United States. Protocase will set up shop in Wilmington, N.C. Over two phases and five years, the company plans to establish an office space and manufacturing facility.

New hotel to be built on Sydney's waterfront

CommercialCBC

Cape Breton Regional Municipality has cleared the way for construction of a new hotel on the downtown waterfront in Sydney, N.S. Council voted to declare some property surplus in the area of the former Royal Cape Breton Yacht Club.

Premier open to tax breaks to help hotels near BMO get built

CommercialCalgary Herald

While the Alberta government likely won’t commit public money to support much-needed hotels in downtown Calgary near the BMO Centre, Premier Danielle Smith isn’t opposed to providing broad supports to help get projects off the ground, she said.

Student housing revolution underway across Quebec

ResidentialMontreal Gazette

Leading the transformation is UTILE (Unité de travail pour l’implantation de logement étudiant), a non-profit launched a decade ago by a group of students who imagined an alternative to expensive, cubicle-sized university dorm rooms and overcrowded, under-maintained apartments.

Landlord and tenant dispute resolution system needs fixing

ResidentialFinancial Post

Rental housing is scarce in Canada, with demand far exceeding supply. Rapidly increasing rental housing supply has proven to be a significant challenge, and the broken landlord and tenant dispute process hasn't helped - an average eviction takes 342 days.

AtkinsRéalis Group to sell stake in Highway 407 toll road

CommercialGlobe and Mail

Canadian engineering giant AtkinsRéalis Group Inc. (ATRL-T) is aiming to sell its stake in Toronto’s Highway 407 ETR toll road within three years as it pushes on with a strategic revamp it says has re-energized the business.

Buyers snap up empty office buildings for deep discounts

CommercialNew York Times

A perfect storm of plunging property values for aging buildings, weak tenant demand and high interest rates for loans and refinancing, has left the $2.4 trillion office building sector wobbling. For some investors, that's a good thing.

Manhattan apt. rents drop even as leasing activity picks up

ResidentialBloomberg

Manhattan apartment rents slipped in May, a “sideways” market move at the start of one of its busiest seasons. New leases were signed at a median of $4,250 last month, a 3.3 per cent decline from a year earlier.

Minimal rent growth expected for U.S. multifamily market

ResidentialPR Newswire

U.S. multifamily rent growth and occupancy have deteriorated since the 2022 peak, and the 2024 Multifamily Outlook from Yardi Matrix anticipates further deceleration. Analysts expect advertised rent growth will be around 1.7 per cent.

Russian real estate in Finland called a security risk

CommercialBloomberg

Finland’s Prime Minister Petteri Orpo said his nation is preparing steps to address the potential security risks from Russian property holdings near critical infrastructure since Russian launched a full-scale war against Ukraine in 2022.

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