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Toronto can’t build office towers quickly enough
Toronto can’t build office towers quickly enough
Commercial • Globe and Mail
A decade ago, an office landlord might have gone into crisis mode upon learning a tenant as large as Canadian Imperial Bank of Commerce was preparing to flee to a new development down the street.
Storefront, Ivanhoé Cambridge partner on pop-up retail
RENX Commercial • Retail • National • January 8, 2019
Storefront, the world’s largest online marketplace for renting short-term retail space, has teamed up with Ivanhoé Cambridge to enter the Canadian market. The program will roll out at seven major shopping centres across Canada.
Ottawa Greystone Village different kind of infill development
RENX Residential, Commercial • Condominiums, Apartments, Homes • Ottawa • January 8, 2019
Infill construction is common in major Canadian cities, so in that sense Ottawa’s Greystone Village is far from unique. What’s different about this Regional Group / EQ Homes development is that its 1,000 residents won’t be living in high-rise towers.
Alignvest Student Housing acquires second Ottawa property
Commercial • Canada Newswire • RENX
Alignvest Student Housing REIT announced it has entered into a binding contract to purchase the purpose-built student accommodation property at 265 Laurier Avenue East in Ottawa. The acquisition will increase the REIT’s asset base to more than $200 million.
FCPT acquires multi-residential building for $10.7M
Residential, Commercial • Canada Newswire • RENX
Firm Capital Property Trust (FCPT) (FCD-UN-X) announced the acquisition of an 100 per cent interest in a multi-residential building consisting of 69 units located in Dartmouth, N S. The acquisition price is approximately $10.7 million, excluding transaction costs.
BTB acquires two office properties in Laval
Commercial • Canada Newswire • RENX
BTB REIT (BTB.UN-T) announced the acquisition of two office properties in Laval, Qué. With a total leasable area of more than 152,000 square feet, this $25,310,000 acquisition brings to 67 the number of properties owned by the trust.
Mattamy Homes acquires Edmonton land from Melcor
Residential • Canada Newswire
Mattamy Homes has acquired a six-acre infill project consisting of two serviced multi-family sites in southeast Edmonton. Mattamy purchased the property from Melcor Developments for $5.6 million, with the deal closing on Dec. 14.
Sustainable buildings good economic cents: Rachel Julien
Commercial • Sustainable Biz Canada
Not only is sustainable development more important than ever in real estate but developers can profit by constructing LEED-certified buildings. That was the message from Mélanie Robitaille of Montreal-based residential developer Rachel Julien, at the Laval real estate forum.
Sask. sets course to drop Global Transportation Hub
Commercial • Saskatoon StarPhoenix • Regina Leader-Post
Saskatchewan’s government admits it doesn’t expect anyone to step forward to take over the Global Transportation Hub (GTH) in its entirety. Even still, the government is taking the first steps toward divesting itself of the beleaguered inland port.
Torontonians new owners of 1,222 acres of cemetery land
Commercial • CBC
A court victory for a group of citizens means 10 cemeteries in Toronto have become public land. Margot Boyd and Friends of Toronto Public Cemeteries argued land trustees Mount Pleasant Group of Cemeteries (MPGC), shouldn’t have ownership.
Maps trace Ottawa’s transformation from lumber town
Residential, Commercial • CBC
For city archivist Paul Henry, maps are just one more way to tell Ottawa’s story. “You can see the resilience of community over time. You can see the evolution of a community over time,” says Henry.
Ottawa’s rejuvenated train station finally opening to public
Commercial • Ottawa Business Journal
It’s opened its doors to the King of Rock and Roll, the Queen Mother and Winston Churchill over the past century, but practically no ordinary Canadian has been inside Ottawa’s former train station across from the Château Laurier in more than a generation.
How prolonged shutdown could impact U.S. CRE
Commercial • Bisnow
The government shutdown has begun to impact facets of the U.S. commercial real estate industry, from multi-family loans to government contracts to retail spending — and the effects could be greater if it does not end soon.
What’s driving capital to L.A. vs. New York?
Commercial • Commercial Observer
“Los Angeles is just New York lying down,” once wrote Quentin Crisp. Whether that’s true or not is up for debate, but one thing is certain: Both gateway cities are capital magnets.
Mega-projects shaping cities across the globe
Commercial • The Real Deal
As the largest private real estate development in the United States, Hudson Yards is a project every New York development company would dream of having its name on.
Sears to ask bankruptcy judge for approval to liquidate
Commercial • Reuters
Sears Holdings Corp will ask a bankruptcy judge Tuesday if it can proceed with liquidation after it could not reach an agreement on chairman Edward Lampert’s $4.4 billion takeover bid, sources said.
What to expect in 2019: Ben Myers
Residential • Newinhomes.com • The Numbers Game
With a full year ahead of us, we turned to one of the most reliable real estate analysts in the GTA, Ben Myers, president of Bullpen Research & Consulting Inc.., to learn more about what’s in the cards for 2019.
No cooling expected in Montreal market in 2019
Residential • Montreal Gazette • Canada Newswire
In 2018, those who were writing regularly about Montreal’s real estate market came close to running out of adjectives to describe a hot market that just seemed to keep gaining steam.
Drop in fixed-term mortgage rates imminent: Experts
Residential • Globe and Mail (Subscription required)
Falling bond yields should push fixed-rate mortgage costs lower in the near term, possibly as early as this week, mortgage industry experts predict. Yields on five-year Government of Canada bonds have fallen sharply since November.
Insurance now available for Manitoba high-risk flood zones
Residential • Winnipeg Free Press • Canada Newswire
Manitoba homeowners in high-risk flood zones can now obtain flood coverage, thanks to a new insurance plan unveiled by the Co-operators this week. Comprehensive Water allows coverage for every type of risk from every type of flood.
Industry Events
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Western Canada Apartment Investment Conference
May 07 2024
Vancouver
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Edmonton Real Estate Forum
May 08 2024
Edmonton Convention Centre
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Land & Development Conference
May 28 2024
Metro Toronto Convention Centre
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Montreal Real Estate Forum
Jun 06 2024
Montreal
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Southwestern Ont. Real Estate Forum
Jun 13 2024
RBC Place London
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