The Metro Vancouver city of Coquitlam is planning to sell two parcels of pre-zoned land in the Burke Mountain area. The parcels total 9.5 acres in Smiling Creek, a far-flung undeveloped neighbourhood in the heart of the planned Burke Mountain community.
The 72-acre, $2-billion mixed-use Brightwater development on Mississauga’s waterfront has taken two significant permitting steps this summer, clearing the way for developers Port Credit West Village Partners to revitalize a long-standing brownfield site and create homes for 7,000 new residents.
Waverly Projects has submitted a rezoning application for a mixed-use development to replace an amalgamation of low-rise properties at 4631 Steeles Ave. E. in Toronto. The proposed 22- and 25-storey condo towers would be joined by a 10-storey, 56,000-square-foot medical office building.
WeWork – now rebranded as The We Company (WE) – reportedly plans to go public in September. The company’s most recent funding round – a $2 billion investment from SoftBank in January – valued the co-working company at $47 billion.
With CF Polo Park nearly “saturated” with retail offerings, Cadillac Fairview and Winnipeg-based Towers Realty Group are asking the City of Winnipeg to change land use rules in the area and open the door to significant residential development.
Canadian malls are aiming to become the new community centre. “There’s a lot of talk about the retail apocalypse, but when you look inside (a mall), you actually have a very different perspective,” says Cadillac Fairview‘s Jose Ribau.
Shifting online consumer behaviors have significantly impacted marketing budgets in recent years. Not long ago, property management companies would allocate most, if not all, of their digital marketing spend to internet listing services (ILSs) . . .
Tech companies, WeWork and protracted development times are squeezing Metro Vancouver’s supply of office space. The result is a record-low vacancy rate, which means limited options and rapidly rising lease rates for businesses, according to Avison Young.
As Calgary is buffeted by a cooling housing market, a glut of office space and one of the highest unemployment rates in the country, Houston is booming. Fourteen new pipeline projects are underway in Texas and southeastern New Mexico.
Business Manager, Stuart Commercial Inc., Sales Associate, ICR Commercial Real Estate
Four Seasons Resort Whistler presents a newly updated take on the classic mountain lodge. After renovations that began in the spring of 2019, the resort debuts the property’s 273 rooms and suites in anticipation of the 2019-20 ski season
The federal Liberal government will offer the Ktunaxa First Nation more than $16 million to protect a mountain valley in southeastern British Columbia where a contentious Jumbo Glacier Resort has been proposed.
The Downtown Business Association‘s new report, “Accelerating Tech in Downtown Edmonton: Impacts and Opportunities,” detailing the state of Edmonton’s tech industry, says the city has the ability to become a “multi-billion-dollar tech hub.”
The U.S. market for CRE flashed a warning sign in the first half of 2019. For the first time in seven years, overseas investors in office buildings and retail space became net sellers of properties, according to Real Capital Analytics.
Macquarie Group is raising $897 million Cdn by way of a share placing to finance acquisition of assets in the green energy, infrastructure and technology sector. Macquarie CEO Shemara Wikramanayake expects to have used $1.43 million of capital by Q2 2020.
Robert Hogue, senior economist at RBC, is declaring the correction in Canada’s housing market over. The July sales numbers from the Canadian Real Estate Association prove it, he says, after the organization reported sales rose 3.5 per cent from June’s level.
Following on the heels of the completed first two towers, construction is moving along for Cortel Group‘s AJ Tregebov Architect-designed third and fourth towers in Vaughan. Cortel on Friday celebrated with a topping-off party to mark Nord Condos’ 38-storey heights.
Even as the semi-rural area along Hwy. 401 grapples with the slow downturn of manufacturing that used to drive the region and the irresistible pull from the big city for skilled labour and youth, Belleville is dealing with an affordability crisis.
In a city with a crushing vacancy rate, contractor Mike Manning’s “flexplex” house concept offers a case study in how creative design and a savvy approach to planning approvals can yield small-scale developments that add affordable rental units.
Purpose-built rentals are considered an essential ingredient in the housing mix, because they provide affordable shelter. Such rental stock is also usually cheaper than renting a unit in a condo building, which are often newer and offer better amenities.