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'We love this market': Quebec City retail investment flying high
'We love this market': Quebec City retail investment soars
Co-operative municipal governments that are pro-development, a stable economy, lower land costs and underserved markets are among the reasons the Quebec City region’s retail market is strong and is attracting investment.
BoC's 50 BPS rate cut 'compelling incentive' for housing, CRE
UPDATED: The Bank of Canada's move to trim another half point from its overnight interest rate in the wake of lower inflation is music to the ears of most executives in the country's housing, commercial real estate and development sectors.
The affordable housing demands that broke development
GUEST SUBMISSION: The irony of affordable housing is that mandating it makes housing less affordable. This was highlighted by the Burnaby, B.C. planning department's bombshell report on Oct. 4, which concludes that affordable housing does not work.
Kʷasən Village master plan in Burnaby receives final approval
Burnaby City Council has granted final approval to the first Indigenous-owned development project in the city: Kʷasən Village, which is also the largest Indigenous-led development project outside of Vancouver. The site is a 40-acre parcel called Willingdon Lands.
Benchmark office project fills growing need in Chilliwack
As Chilliwack in British Columbia’s Lower Mainland continues to grow economically, it faces a need for more expansive office space. The Benchmark project by Emil Anderson Properties aims to fill that void with a high-end building.
Scarborough office building sold a year after receivership
Nearly a year after being placed under receivership, a buyer has been found for a mid-rise office complex at 55 Town Centre Ct. in Toronto's Scarborough district. The eight-storey building has 222,285 sq. ft. of gross floor area.
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Child care proposal for vacant Vancouver office building
An under-utilized office business park in the Marpole area of Vancouver could potentially be fully converted into a private child care and pre-school campus. Angus Mason Properties proposes to convert the building's 66,000 sq. ft. of vacant office space.
B.C. developers propose shifting fees directly to homebuyers
Property developers have, again, asked Metro Vancouver regional government members for development fees to be waived, deferred or redirected citing escalating costs to construct new homes. The most recent pitch came Thursday as developers lined up to speak at a special committee of the region’s mayors.
Office to single occupancy unit conversions could work
OPINION - Office-to-housing conversion is a thorny problem for developers since it intersects with all sorts of questions involving urban planning, land-use rules and even taxation. Converting offices to single room occupancy units may be a more natural fit.
Pickering to consult public on proposed 12-tower complex
The City of Pickering has announced it will hold a public consultation for a 12-tower complex of up to 43 storeys with 5,297 homes, which is proposed just off Highway 401 by Bayfield Realty Advisors.
43-storey mixed-use tower proposed on T.O.'s Eglinton Ave.
A 43-storey mixed-use condominium building proposed by Starbank Development Group would be one of the tallest in Toronto's Belgravia neighbourhood. The proposal calls for 442 units on an Eglinton Avenue West site which currently houses a commercial building.
New Westminster council mulls plan for 8 residential towers
Weird, odd and unorthodox were some of the words used to describe a council discussion about Edgar Development's Columbia Square project that could see eight new towers housing 7,250 new residents built in downtown New Westminster.
Another high-rise application comes to City of Delta
Another high-rise application has been submitted to Delta for the busy Scott Road corridor. The application by BMG Projects is for 32-storey mixed-use development. It would include 395 units including 59 dedicated as rental units.
Toronto’s luxury condo market takes a big hit
Even Toronto’s luxury market isn’t immune to condo woes as sales for units at $1 million or more plummeted 35 per cent in September, according to Sotheby’s International Realty Canada’s Wednesday report
Slate Grocery REIT completes $500M debt refinancing
Slate Grocery REIT (SGR-UN-T), an owner and operator of U.S. grocery-anchored real estate, entered into a new credit facility agreement on Oct. 21 for an aggregate principal amount of up to US$500 million.
Deutsche Bank is nearing sale of $1 billion CRE loan portfolio
Deutsche Bank AG has entered talks to sell close to US$1B in loans linked to commercial real estate while indicating the market has bottomed out. The bank's loans to developers of U.S. offices in particular have attracted investor scrutiny.
Ares gets $475M loan backed by 4.8M-square-foot portfolio
An Ares Management Real Estate fund has obtained a US$475 million CMBS loan backed by a 4.8-million-square-foot, 25-building industrial portfolio spanning 12 states. The buildings, located in 16 key markets, are 97 per cent leased.
Luxury London hotel for sale as $357 million refinancing stalls
A new luxury hotel near London’s Bond Street station is going up for sale after attempts to refinance the project so far have been unsuccessful. BoTree hotel in Marylebone cost US$487 million to develop and opened last year.
City of London office repurposing starts to pick up pace
The Square Mile, London's largest office market, is arguably the district most profoundly transformed by the pandemic. The deep-seated effect of hybrid work has seen older offices within the city’s jurisdiction become increasingly unwanted, untenable and unsustainable, environmentally and economically.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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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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