Nathalie Roussin is banking on the Quebec government soon giving the go-ahead to a tramway system in Quebec City. Her family-run real estate businesses own over three million square feet of development land near the proposed route.
When four panelists met to lay out their prospects for the four major commercial real estate asset classes during a recent virtual panel in Toronto, trends had been pretty clearly established in three of the sectors.
Cornell Wright, a partner from prominent corporate law firm Torys LLP, will take over as president of Wittington Ventures, the holding company that controls Loblaw (L-T) owner George Weston (WN-T) by the end of the year.
Transactions valued at US$102 billion have been announced by Canadian companies this year, up 143 per cent year-over-year. That’s already the most for a first quarter on record and compares with a 67 per cent year-on-year increase in U.S. deal values.
Canadian Pacific Railway’s purchase of Kansas City Southern is a US$25B bet North American countries that allowed their manufacturing bases to erode over the past few decades, as production shifted to China, will commit to reshoring that capability.
Ivanhoé Cambridge is investing $85 million across four funds managed by property technology firm Fifth Wall. The funds Ivanhoe Cambridge is backing include Fifth Wall vehicles focusing on North America, Europe and retail real estate.
AACI, FRICS | Vice President, The Regional Group of Companies Inc.
The Bank of Canada is seeing evidence of investor activity and “a lot more flipping” in some Canadian housing markets and is concerned “fear of missing out” may also be driving price gains, deputy governor Toni Gravelle said Tuesday.
Despite its current problems, Mainstreet Equity Corporation (MEQ-T) CEO Bob Dhillon remains bullish on Alberta. “Look, these days only a few people can afford to buy a house in Toronto or Vancouver, while Alberta remains an easy place to live . . .”
Plaza Partners has submitted a zoning by-law amendment application for a 28-storey condo tower at 208 Bloor St. W., directly across from the Royal Ontario Museum. Offices for the BDP Quadrangle-designed building are proposed for floors 2 through 4.
RioCan REIT (REI-UN-T) and Context‘s Queen & Ashbridge condo complex in Toronto’s Queen and Coxwell area will launch with 366 condominium units. The Teeple Architects design will feature main 16- and 17-storey pyramid-shaped towers in addition to an eight-storey mid-rise.
Canadian Tire (CTC-A-T) is the most reputable company in Canadian commerce, according to a survey-based report by Léger Marketing Inc. that offers a snapshot of how the pandemic has affected Canadians’ perceptions of certain companies and sectors.
Two months after a failed merger with Laval’s Alimentation Couche-Tard Inc. (ATD-A-T) , Carrefour announced on Wednesday it would strengthen its position as No. 1 food retailer in Brazil, with the acquisition of Grupo Big for $1.48 billion Cdn.
Co-working giant WeWork told existing and potential investors during a presentation it lost $3.2 billion last year, according to a source. The company wants to go public via a merger with a special-purpose acquisition company, or blank cheque company.
Roughly 90 per cent of its office-using employees are working remotely today, but Amazon vice-president of global real estate and facilities John Schoettler believes “that we’ll come back pretty much as we were pre-COVID.”
Unsurprisingly, industrial landlords have been the most bullish. Roughly 97 per cent of all U.S. industrial submarkets larger than four million square feet posted rent gains over the past year and that number remained consistent during the pandemic.
Canada’s top anti-money laundering watchdog has assessed fines against two real estate brokerages, one in Markham, Ont., and one in Vancouver, but critics of Canada’s anti-money laundering effort say the cases highlight some of the weaknesses of the current regulations.
OPINION: Millennials and members of Gen Z are looking to government to cool the housing market and they’re starting petitions and letter-writing campaigns to advance their cause. Unfortunately, it’s too late for a lot of young adults.
Construction and maintenance activity in Nova Scotia is expected to increase between 2021 and 2023, driven by strong and broad-based demand across the province’s residential and non-residential sectors. This is according to the latest labour market forecast data by BuildForce Canada.
The housing market in Newfoundland and Labrador continues to sizzle long after a record-breaking summer, and its robust strength — which is holding despite the province’s negative economic outlook — has industry experts and real-estate agents scratching their heads.