Co-working model will survive in Canadian market: Panel

RENX  Commercial  •  Office  •  Metro Vancouver

Co-working will survive in Vancouver and Canada despite troubles at WeWork, but to what degree remains unclear, according to Metro Vancouver office insiders. During the past three years, co-working firms leased 1.3M square feet in the Vancouver region.

Vancouver F.N. development to include 11 towers

Residential, Commercial  •  Globe and Mail (Sub. required)

A First Nations-led development proposal in the heart of Vancouver has doubled in size from its original plans to include 6,000 units of mostly rental apartments in 11 towers, a project expected to be worth billions of dollars.

RioCan giving Yonge Sheppard Centre $300M makeover

Residential, Commercial  •  Daily Commercial News  •  RENX

The Yonge Sheppard Centre, one of the first mixed-use centres in Toronto, is undergoing an extensive $300-million revitalization. “This is a complete re-imagination, impacting every aspect of the property,” explained Andrew Duncan, RioCan REIT’s (REI-UN-T) senior-vice president, development.

What Ontario’s Bill 108 means for developers

RENX  Residential, Commercial  •  Land, Homes  •  Ontario, Ottawa

On June 6, the Ontario government passed the “more homes, more choice” Bill 108, reversing many provisions of the previous Liberal government’s Bill 139. With major implications for municipalities and developers, it was a hot topic at the Ottawa Real Estate Forum

Krugarand proposes 79-storey mixed-use tower

Residential, Commercial  •  Urban Toronto

The Krugarand Corporation has submitted a plan to the City of Toronto to permit a 79-storey tower at Bay and Bloor Streets designed by Giannone Petricone Associates. A total of 1,430 residential condominium units are proposed.

Broccolini acquires lot for Montreal flagship

Commercial  •  Globe Newswire  •  RENX

Montreal-based developer Broccolini has acquired a nearly 70,000-square-foot parcel of land on the corner of Sherbrooke and Guy Streets. The site in the famous Golden Square Mile will be the future home of a new flagship project for Broccolini.

Sponsored by MNP Tax controversies grow in real estate sector

The real estate and construction sector has faced significant, industry-changing pressures in the past four years. From heightened political focus around affordable housing to the increased audit activity by the CRA, the business of real estate has become more complex.

The Bow a reminder of all that has gone wrong

Commercial  •  Troy Media  •  RENX

OPINION: It is, at 774 feet high, one of the tallest office towers in Calgary. The $1.4-billion Encana Corp.-built structure – named The Bow – was also the pride of the oil patch. Now, at just seven years old, it is silent.

Neon signs to shine on at QuadReal development

Commercial  •  Vancouver is Awesome  •  RENX

Three refurbished neon signs will find new life at QuadReal Property Group‘s redevelopment of the former Canada Post building on Georgia Street in Vancouver. QuadReal is redeveloping the 1950s-era post office into an office and retail building rechristened “The Post.”

Mayor to address vacant Charlottetown buildings

Commercial  •  CBC

One sold some of the best hamburgers in town. One was a gas station with charm and character. They, along with others, have been vacant or underutilized for years. Charlottetown Mayor Philip Brown thinks that’s a shame.

Ontario revives plans for GTA West highway

Commercial  •  Globe and Mail (Sub. required)  •  Globe and Mail (Sub. required)

The GTA West has been called the last crucial missing link in Toronto-area highways and at the same time dismissed as a relic of an outdated approach to transportation infrastructure.

Giant Tiger continues Ontario expansion

Commercial  •  Canadian Grocer

Giant Tiger opened stores in Windsor and Brampton over the weekend, continuing its aggressive expansion in Ontario. Each store is approximately 17,000 square feet. Giant Tiger also recently broke ground on a home office and flagship store in Ottawa.

Supermarkets building ‘dark stores’

Commercial  •  CNN

Warehouse One joins high-rent neighbourhoods

Commercial  •  Winnipeg Free Press

Warehouse One has built an unpretentious chain of more than 120 stores featuring no-frills jeans and casual wear. However, the Winnipeg-based chain is starting to dabble in some high-rent neighbourhoods such as Winnipeg’s St. Vital Centre and Edmonton’s West Edmonton Mall.

Winnipeg furniture retailer opens NYC flagship

Commercial  •  Winnipeg Free Press

EQ3’s newest store is closer to Central Park than Polo Park. The Winnipeg-based company, founded in 2001, has opened its first store in New York City, an 11,800-square-foot flagship in the heart of Manhattan that marks the furniture retailer’s boldest move.

REIT third-quarter financial results

Commercial  • 

Artis REIT, (AX-UN-T), Canada Newswire

CT REIT, (CRT-UN-T), Canada Newswire

InterRent REIT, (IIP-UN-T), Accesswire

Stress test hasn’t solved supply problem: BILD

Residential  •  Toronto Star  •  Toronto Star

It has been nearly two years since the federal government introduced the mortgage stress test to cool the hot Canadian housing market. Here in the GTA, the stress test did nothing for the real issue: the housing supply problem.

Toronto housing prices jump the most since 2017

Residential  •  Financial Post  •  Toronto Star  •  Globe Newswire

Toronto’s housing market continued to bounce higher in October, with prices rising the most since December 2017 amid dwindling supply. The benchmark price rose 5.8 per cent from a year ago to $810,900, the Toronto Real Estate Board said in a report Tuesday.

Vancouver home sales surge 45% in October

Residential  •  Financial Post  •  Business In Vancouver  •  CBC

The Real Estate Board of Greater Vancouver says home sales surged 45.4 per cent in October from a year earlier as lower prices helped boost sales. The 2,858 sales was 9.8 per cent above the 10-year sales average for October.

Ottawa Airbnb hosts fear looming red tape

Residential  •  Ottawa Citizen  •  Toronto Star

City staff Monday were putting the final touches on a report that will include recommendations on how to regulate Ottawa’s short-term accommodation industry. The community and protective services committee will dedicate a Nov. 15 meeting to debating the report before voting.