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Canada's proptech industry matures, remains a global hub
Canada's proptech industry matures, remains a global hub
There’s been a relatively steady decline in the number of Canadian proptech startups since a peak of 57 in 2020, but Canada remains a global hub for real estate innovation, according to Proptech Collective’s just-released Proptech in Canada report.
Bank of Canada slows cuts, lowers overnight rate to 3%
Wednesday’s 25 BPS cut to Canada’s overnight interest rate, to three per cent, is likely to help homebuyers but it won’t solve other barriers in the housing industry including construction costs and high development fees, industry observers said.
Oakville rejects province’s plan for 11 towers near GO station
Oakville council has given the province-led plan to build 11 highrises in the town's midtown area a thumbs down. Councillors voted unanimously not to endorse or approve plans for a transit-oriented community on 12.1 acres near Oakville GO station.
Dream Industrial buys 32 acres at Brampton Stellantis plant
Dream Industrial (DIR-UN-T) has acquired a 32-acre parcel of development land in one of the most coveted locations in the GTA - property that currently serves as a parking lot for the 2.95-million-square-foot Stellantis plant in Brampton.
Turning point – Canada’s office market nears bottom
The Canadian office market has been hit hard over the last few years by the shift to remote working, business downsizing and general uncertainty around future space needs. But the office sector now appears to be turning an important corner.
Hines, Ivanhoé Cambridge top out at CIBC Square in Toronto
Hines and Ivanhoé Cambridge have announced the topping out of 141 Bay St., the 50-storey, second tower and final component of CIBC Square, their three-million-square-foot development in downtown Toronto. Hines says the office tower is 80 per cent leased.
Toronto office skyscraper plan may be pulled off backburner
Oxford Properties Group first proposed a redevelopment of the Toronto Harbour Commission Building — home to Harbour Sixty Steakhouse — back in 2018, submitting plans for a 59-storey office tower branded as The HUB.
Farm goods retailer Peavey Mart will close all 90 stores
A Canadian farm goods store chain is closing all its stores and seeking creditor protection, putting an end to days of speculation about the chain's future from its customers, who now have to look for alternatives.
Linamar to invest $1.1B in EV parts, batteries in Ontario
Guelph-based Linamar Corporation (LNR-T) plans to invest $1.1B into the development and manufacturing of auto parts, particularly for electric vehicles, and development of EV batteries in Ontario. The investment will see Linamar expand operations at four southwestern Ontario facilities.
Canada’s foreign buyer ban has long-term consequences
OPINION - A ban on non-Canadians purchasing any residential housing in Canada was quietly extended last February until Jan. 1, 2027, with very little media coverage and almost no national debate. Its impact has been anything but negligible.
FN plans for North Shore, Squamish areas of B.C. approved
Squamish Nation is closer to reaching its ambitious development goals for the North Shore and Squamish areas following the approval of a wide-sweeping plan. The hope is to break ground on 600 homes within the next two years.
Multi-use community planned at Erin Mills Town Centre
Pemberton Group is proposing to develop a 10.6-acre plot of land near Erin Mills Town Centre shopping mall. The site currently houses two single-storey commercial buildings. Proposed plans include nine residential towers ranging from 20 to 44 storeys.
Vacancy rate climbs for purpose-built rentals in GTHA
The vacancy rate among purpose-built rental apartments completed since 2000 in the Greater Toronto and Hamilton Area at the end of 2024 reached its highest point since the pandemic, a new report has found.
Fewer international retailers entered Canada over past year
Over the last decade, Canada has witnessed a surge of global brands making their debuts, catering to the country’s increasingly diverse consumer base. However, 2024 marked a departure from this trend, reflecting broader economic uncertainties and shifting market dynamics.
Why American fast food chains are flocking to Edmonton
Fast food is surging in Edmonton with the arrival of American franchises like Krispy Kreme, Chipotle, Firehouse Subs and Chick-fil-A, according to the latest commercial real estate survey from CBRE.
Bridgwater area of Winnipeg rises on development boom
Waverley West — the City of Winnipeg ward encompassing Bridgwater — saw a population increase of 36.6 per cent between 2016 and 2023. Meanwhile, more than 60 businesses have opened in Bridgwater over the past decade. Development isn’t stopping.
Goldman, Dalfen buy $300M of warehouses from Blackstone
Goldman Sachs Group's alternative investment arm is pushing deeper into warehouses with the purchase of a nearly US$300 million portfolio of logistics buildings from Blackstone. The bank partnered with Dalfen Industrial to acquire 21 buildings.
EQT Exeter pulls out of multifamily fund to go all-in on industrial
Private equity firm EQT is saying goodbye to its U.S. multifamily arm and hitting the brakes on life sciences and office investments to focus on industrial activity. The company's RE arm, EQT Exeter, has 34 U.S. multifamily properties.
Manhattan’s Bowery Savings Bank building to be auctioned
The former headquarters of Bowery Savings Bank, a historic landmark in lower Manhattan, is poised to hit the auction block after being ensnared for years in a bankruptcy case. The building boasts 65-foot vaulted ceilings and Corinthian columns.
Revolut is moving into commercial real estate lending
The London-headquartered digital bank Revolut is expanding into commercial real estate as more signs emerge that the beleaguered market is starting to come back to life. The fintech hired former M&G executive Duncan Batty to lead the operation.
Industry Events
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Canada Real Estate Auctions
Mar 01 2025
to Dec 31 2025
Canada
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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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Western Canada Apartment Investment Conference
Apr 22 2025
Vancouver Convention Centre
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Vancouver Real Estate Forum
Apr 23 2025
to Apr 24 2025
Vancouver Convention Centre
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Edmonton Real Estate Forum
May 27 2025
to Feb 27 2025
Edmonton Convention Centre
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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