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Equitable completes move into T.O.’s new EQ Bank Tower

4 days ago

Equitable completes move into T.O.’s new EQ Bank Tower

Equitable Bank (EQB-T) has moved into its new national headquarters: the EQ Bank Tower at 25 Ontario St. in downtown Toronto. The building was originally marketed as The Shift, but the bank secured naming rights as the anchor tenant.

Groupe HD, Fondaction plan $425M project in Montreal

Groupe HD and Fondaction have finalized a joint venture for the acquisition and development of a near-five-acre property in Montreal's Mercier–Hochelaga-Maisonneuve borough where they plan to deliver 1,200 homes through a multi-phased project.

Smart money is targeting cheap Canadian apartment REITs

For almost a year, investors have been steering clear of rental real estate owners, on expectations that a property bubble was about to burst. But the boom times for apartment building owners never turned into a bust.

In Portage Place, signs emerge of $650M transformation

A group of people gather near a salon in Portage Place, nearly six months to the day that True North formally acquired the downtown mall that’s been struggling for years. They are at the centre of the ambitious development plan. 

New Vancouver office and industrial complex approved

Vancouver City Council has given the go-ahead to one of the city’s biggest office development proposals in recent memory. This is PCI Development's mixed-use office and creative/light industrial development of 4-36 West 3rd Ave. and 5 West 4th Ave.

U.S.-China tensions influencing Vancouver industrial sector

Although the U.S. and China recently put a three-month pause on steep reciprocal tariffs, Vancouver’s industrial real estate market is feeling the heat as many goods are temporarily diverted to the region.

Data centres have large footprints but low employment

Demand for data centres is booming around the world because of generative AI. Synergy estimates the capacity of hyperscale facilities will nearly triple by 2030. The federal government is trying to boost construction of AI data centres here, too. 

Edmonton creating AI, construction-engineering cluster

Edmonton has a strategy developed by local experts to become a full-scale industrial hub that unites the city’s ever-increasing AI sector with its experienced construction and engineering industry to lead the world in the intersection of both.

Population growth slowed, but new housing has crashed

Canada's population growth from immigration is slowing, but it’s still far outpacing housing completions, which remains a big challenge for governments, developers and people looking for a place to live.

Work begins on $1.2B beach-side development in B.C.

Once the largest aggregate mine in Canada, now the last stretch of the Producers Pit in Colwood is a hum of activity again as excavators carve out roads and lots for the $1.2B Beachlands project from Reliance and Seacliff.

CAPREIT to add 170 residential suites to existing portfolio

CAPREIT (CAR-UN-T) is investing in two infill development projects for the construction of an estimated 120 residential rental suites on excess land in Mississauga and will use underutilized non-residential space to create an additional 50 units within its portfolio.

Challenges and opportunities in tackling old Bay stores

When Hudson’s Bay began hunting for a potential new owner, Ruby Liu was determined not to let Canada’s oldest company disappear. The B.C. mall owner made an offer in hopes of restoring it to its former glory.

Alberta developer faces Consumer Protection Act charges

The head of an Edmonton property development company that owes hundreds of seniors money from life lease contracts is now facing charges under Alberta's Consumer Protection Act. The life lease model is often used for seniors' housing. 

The climate-insurance crisis in real estate

The increasing severity and frequency of climate change-related events from coast to coast in Canada and the resulting property-insurance issues are changing how homebuyers and real-estate developers look at land and buildings. 

Canadian banks are resilient but real estate risks loom

Canada’s major banks continue to deliver decent results, underscoring the strength of their oligopolistic market structure and operational discipline. Yet, beneath the surface, a growing undercurrent of risk is emerging — particularly in the housing market.

Health care REITs’ defensive attributes keep sector in favour in 2025

U.S. health care REITs have seen solid gains so far in 2025, posting returns of 8.5 per cent as of May 28, which positions them as one of the top-performing REIT sectors this year.

Private equity now owns 10% of U.S. apartment units

Private equity investment is gobbling up an increasing share of apartment units, now accounting for at least a tenth of all ownership in the United States, with most of it concentrated in the Sun Belt region.

South Florida home contracts slump in ‘uniquely bad’ slowdown

In April, contracts to buy homes in the Miami, West Palm Beach and Fort Lauderdale regions slumped from a year earlier, according to a Redfin Corp. analysis of the 50 metro areas. Pending sales in Miami tumbled 23 per cent.

Hudson Pacific CEO's compensation tripled last year as losses grew

Hudson Pacific Properties increased its chief executive's compensation last year, even as the company's losses mounted. CEO Victor Coleman's total compensation rose from US$8.4M in 2023 to US$24.8M in 2024.

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