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Toronto Region Board of Trade moving to Queens Quay
Toronto Region Board of Trade moving to Queens Quay
The Toronto Region Board of Trade will lease 90,000 square feet in Menkes Developments’ new office building at 100 Queens Quay East. The space will feature an enlarged corporate event space with outdoor terrace overlooking the city, as well as enhanced workspaces.
Morguard eyes Ottawa’s St. Laurent mall for development
Much recent attention in Ottawa’s office market has focused on the downtown thanks to declining vacancy, tech firms heading into the core and the new LRT. That has prompted speculation about where the next major office tower might be constructed.
Savills rebrands, continues to grow in Canada
It’s been three years since Savills Studley purchased Real Facilities, an acquisition which opened the Toronto-based firm to the world. “This merger with Savills has allowed us to extend our breadth and our depth for our clients,” said Stan Krawitz.
Calgary office tenants moving back downtown: Colliers
• CBC
Colliers International says a rising trend of “reverse migration” is starting to bring office tenants back into Calgary’s core, resulting in a decline in the downtown vacancy rate during the first three months of the year.
Langley, B.C., mall fast-tracked for redevelopment
• CBC
After a decade of delays and deterioration, the Township of Langley is moving quickly to get rid of the Aldergrove Mall. Council staff is looking to fast-track the redevelopment application from the group that owns the land.
Vancouver developing bad rep for foreign investment
Government intervention in B.C.’s property market is tarnishing the province’s reputation with international investors, says Vancouver-based Macdonald Real Estate Group’s new president, Dan Scarrow. He was speaking on a panel at the Vancouver Real Estate Forum.
Edmonton pitches urban village on Northlands site
A new plan by the City of Edmonton suggests getting rid of the Northlands Coliseum and Expo Centre and turning the entire site into an urban village. The new redevelopment plan also covers the Northlands Park Racetrack and Casino.
All Menkes office buildings are now LEED-certified
Menkes Developments Ltd. has achieved LEED Gold or LEED Platinum in its entire office portfolio as part of its commitment to sustainability. Five buildings at the AeroCentre complex in Mississauga were the last to receive LEED certifications in late March.
Lawsuit filed over Sidewalk Labs project
• CBC • Toronto Star • RENX
The Canadian Civil Liberties Association says it’s making good on its threat to sue the federal, provincial and municipal governments as well as Waterfront Toronto, the lead organization partnering with Sidewalk Labs on the Quayside project.
PM announces $52M for ‘innovation network’
The federal government is investing $52.4 million in an innovation network that is expected to create 18,000 skilled jobs in Waterloo, Toronto and Ottawa. The platform will bring together Communitech, in Kitchener, Investment Ottawa and Toronto’s MaRS Discovery District.
Ontario puts brakes on high-speed rail funding
• CTV • Toronto Star • Construction Canada
Ontario is pausing all capital funding for a proposed high-speed train corridor from Toronto to Windsor, a move critics says will derail the project. The previous Liberal government had planned to connect Toronto to London by 2025 and to Windsor by 2031.
Ontario cuts funding from OCAD University expansion
OCAD University is determined to move forward with a campus expansion project after receiving news the province is withdrawing millions in funding. The downtown Toronto project involves adding 50,000 square feet of new space and renovating 95,000 square feet of existing space.
Winnipeg pumping station welcomes first tenants
After a dozen attempts to develop Winnipeg’s James Avenue Pumping Station, someone has finally succeeded. “We’ve got pumps and cranes and skylights and high ceilings,” said Robert Thorsten, CEO of Think.Shift, the building’s tenant “It’s breathtaking to bring clients here.”
Quebec’s Maison Corbeil enters Ontario market
Forty-six years after its founding, Maison Corbeil has set foot outside Quebec. The Toronto Home Company opened a few days ago. If all goes well, other similar supermarkets will be opened across the country.
Notre-Dame will be rebuilt ‘in five years’: Macron
• The Guardian • Bloomberg • Winnipeg Free Press
Emmanuel Macron has announced he wants to see Notre Dame cathedral rebuilt “more beautiful than before” within five years, but there are warnings the repairs could take decades and will involve substantial challenges.
Toronto should rethink missing middle: Diamond
• Toronto Star • RENX
Stephen Diamond, the head of Diamond Corp., the company that created the 51-storey Selby, wants to focus on the kind of housing planners and policy-makers have long lamented as too scarce in Toronto — the elusive “missing middle.”
Private lending distorting Vancouver market
• Globe and Mail (Sub. required) • Bloomberg • Vancouver Province
Satnam Sidhu has been a realtor for almost 40 years and he’s been buying and selling foreclosed houses for the past couple of decades. However, he says it’s been many years since the surge in foreclosures of the past few months.
Feds’ Vancouver housing funding dwarfed by Toronto’s
Two Liberal members of Parliament were at an East Van apartment building Tuesday, announcing the first funding from the federal government to the Metro Vancouver Housing Corporation in a generation.
Richmond Hill among most affordable for condo rent
One of the most affordable municipalities in the GTA is Richmond Hill with an average condo rent of $2.57 per square foot in Q1, according to a joint report from Bullpen Research & Consulting and Rentals.ca. Markham followed closely at $2.59.
$2 million for a backyard house in Toronto
It’s described as “a modern coach house” on the listing that asks $1.9 million for a home nestled behind a row of houses in the Junction. There’s growing interest in free-standing Toronto houses behind another person’s property, says agent Roger Travassos.
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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