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'Spectacular' Montreal Aldred Building office tower for sale
'Spectacular' Montreal Aldred Building office tower for sale
One of Old Montreal's most "spectacular" office and commercial properties, The Aldred Building at 507 Place d’Armes, is likely to soon have a new owner. Built in 1931, “it’s a building that has tremendous potential,” CBRE's Scott Spiers told RENX.
5 misconceptions when looking at property tax assessments
GUEST SUBMISSION: As people around the globe prepare to ring in the new year, in the world of property ownership you’re likely getting ready to receive your assessment, and if you’re not, you should be.
Pensions funds are starving Canadian companies: Desjardins
Canadian pensions are underinvested in the country’s public markets, starving domestic companies of capital and exposing them to foreign takeovers, says the head of capital markets at Desjardins Group. That lack of investment sucks liquidity out of the market.
Toronto passes plan to offer building incentives for rentals
Toronto council has approved a plan to support the building of 20,000 new rental homes. The plan would see the city offer development charge deferrals, property tax reductions and foregone fees and taxes to developers that build rental housing.
Niagara Falls approves 17-storey hotel with ice sculpture hall
Niagara Falls has approved plans from Great Lakes Entertainment Canada for a new hotel complex that would include some impressive attractions, including a massive tropical atrium and an exhibition hall dedicated to ice sculptures.
Employers changing the face of offices for BTO workers
When Roz McQueen recently decided to redesign the office space her company had available for lease in the Mount Pleasant neighbourhood of Vancouver, she went looking for a different kind of feel. More like, well, home.
 | Acconto Financial Corporation Acconto's novel lease deposit financingAcconto Financial Corporation is excited to promote its novel specialty loan offering to small- and medium-sized enterprises. Acconto assists tenant-businesses by providing a point solution through the funding of up-front lease deposit and pre-paid rent amounts during the leasing process. Sponsored by: Acconto Financial Corporation |
MONTONI starts construction on 16 industrial condos
MONTONI has started construction of 16 industrial condominium units in Mascouche, Que. The project, with an estimated worth of nearly $25 million, will create spaces suitable for industrial use across two buildings, totalling 82,000 square feet.
Mattamy and QuadReal launch The Clove in Etobicoke
Mattamy Homes and QuadReal Property Group have officially launched The Clove, marking the first phase of the ambitious Cloverdale Mall redevelopment in Etobicoke. Cloverdale was one of Toronto's first malls, dating back to 1956.
Proposals sought for historic building in heart of Montreal
About 1,000 housing units could soon be built in a building abandoned for almost a decade in the heart of the city. The province launched a call for proposals from companies to build housing in the Institut des Sourdes-Muettes.
Builder sentiment slumps as new home sales stall
While Canada’s resale market is showing signs of life, the new home market continues to decline. Builder sentiment across Canada remains bleak, with little hope for a near-term recovery, according to the Canadian Home Builders’ Association.
Vancouver building permit values plummeted in September
Construction activity in the Vancouver region is looking dicey, according to new data from Statistics Canada. Building permit values were $802M in Vancouver’s census metropolitan area in September, a drop of 14.3 per cent from August.
London moves to demolish problem building, at owner's cost
The owner of a derelict commercial building in southeast London could be facing a six-figure bill from the city for its demolition. Council's community and protective services committee approved a staff recommendation to demolish the Hamilton Road building.
Tenants in London rental complex could lose their basements
If London city council votes to approve a property owner's plan, Courtney Crossen's small apartment will get much smaller. Her landlord received approval from city council's planning committee to turn all the basements in the complex into rental units.
Brookfield Q3 distributable earnings up from year ago
Brookfield Corp. (BN-T) reported its third-quarter distributable earnings totalled US$1.33-billion, up from US$1.15-billion in the same quarter a year ago. President Nick Goodman said the company delivered record cash earnings from its base businesses.
REITs play integral role in smoothing supply chain disruptions
Experts say the impact of industrial REITs on U.S. supply chains shouldn’t be underestimated. Case in point: Every year, an estimated $2.7 trillion worth of goods flow through distribution centres owned by Prologis (PLD-N).
AstraZeneca to invest $3.5 billion to grow U.S. footprint
Biopharmaceutical giant AstraZeneca is pouring billions of dollars into properties in the United States. The company has announced $2B in new investment for U.S. research and manufacturing sites and plans to spend $3.5B by the end of 2026.
Tallest mixed-use building on N.Y.'s 5th Ave. tops out
In New York, 520 Fifth Avenue, a supertall tower, has recently topped out. When completed in 2026, the 1,002-foot tower will stand as the tallest mixed-use building on Fifth Avenue, according to the project’s developer, Rabina.
Data centre construction starts may be slowing, despite gold rush
The data centre construction boom may be starting to plateau, according to a new report. Construction planning for new data centres cooled significantly in October, according to data published this week by analytics firm Dodge Construction Network.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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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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