Recent Articles
Vancouver industrial vacancy fails to align with tenant needs
Metro Van. industrial vacancy fails to align with tenant needs
Vacancy in Metro Vancouver’s industrial market remains elevated, presumably presenting more options and good deals for tenants. But a large portion of the older inventory doesn't match the needs of many companies seeking state-of-the-art space.
Floorspace buys AnthemIQ to upgrade digital platform
Acquiring the assets of AnthemIQ will enable Vancouver-based brokerage Floorspace to create a more holistic, streamlined data platform for the sector, according to Floorspace founder and executive managing director Matt Carlson.
G2S2, Armco acquire Calgary's First Tower office highrise
Downtown Calgary’s First Tower, a 28-storey class-A office highrise which has undergone an extensive renovation and upgrade program in recent years, has been sold to G2S2 Capital Inc., through its affiliate the Armco Group of Companies.
Sagard on path to reach $100 billion in assets by 2029
Canada’s Sagard Holdings seeks to more than triple its current assets under management by 2029 as it ramps up deals in the U.S. and Europe. The firm, controlled by the Desmarais family’s holding company Power Corp. of Canada, has grown rapidly.
RTO for public servants thwarts plan to sell off surplus space
Public Services and Procurement Canada says its plan to sell off or lease surplus office space has been derailed in part by the government’s push to increase the number of days public servants have to work in the office.
How RTO mandates are impacting Toronto's office market
Return-to-office as been met with mixed reactions from workers but the trend undeniably bodes well for commercial real estate – particularly the office and and retail markets – in cities where these businesses and government offices are located.
Toronto condo inventory needs to fall at least 25%: RBC
Toronto’s new condo sector is in a “deep freeze” that could reshape the housing landscape for years to come, warns RBC chief economist Robert Hogue. Toronto's inventory of condominiums needs to fall 25 per cent for sales to pick up.
Make way for housing at Royalmount
If all goes according to developer Carbonleo's plan, 5,000 homes will appear on the Royalmount site in the coming years, in a fully pedestrianized ecosystem. The mall will be ringed by 15 residential towers, each around 20 storeys high.
Benny & Co. looks to add 20 more Quebec locations by 2030
With more than 80 restaurants already established in Quebec, Benny & Co. has become the largest family-owned rotisserie chain in Quebec. Its CEO, Nicolas Filiatrault, believes there is still room for growth.
Group Dynamite considers moving to the United States
Andrew Lutfy, the head of the Garage and Dynamite boutiques, Royalmount and DIX30, is "disgusted" by how Quebec is handling certain issues. The issue of work permits for his employees alone is making him seriously consider moving to the U.S.
Cosentino opens new Toronto city centre flagship
Cosentino has opened the doors to its new Toronto City Centre home, relocating its flagship showroom to 143 Frederick St. The move reflects a deliberate strategy to embed the company within the city’s vibrant design and architecture community.
Co-op opens new food centre and more in Cochrane, Alta.
Calgary Co-op has opened a new food centre, pharmacy, gas station and Wine Spirits Beer store in Cochrane, Alta.’s growing Greystone community. The 41,000-sq.-ft. food centre offers a wide range of fresh, local and ready-to-eat options.
Vesta's Aspen Village draws buyers to 'urban village' concept
Vesta Properties’ Aspen Village in Calgary is proving popular with buyers in part because it is being developed around a cluster of needs-based commercial and retail amenities, the company's Alberta sales manager says.
Axium Packaging opens manufacturing plant in the GTA
Axium Packaging, a packaging manufacturer for multinational consumer product companies, has opened a new manufacturing plant in Brampton. The 227,000-square-foot facility is the third Ontario location for the company.
Canada’s population continues near-zero growth trend
Canada’s population barely grew in the second quarter this year, continuing a trend of near-zero growth after the federal government's moves last year to curb immigration. The slow growth was driven by outflows of non-permanent residents.
Value of building permits down 0.1% in July to $11.9B
Statistics Canada says the total monthly value of building permits in Canada ticked down 0.1 per cent in July to $11.9 billion, driven lower by the non-residential sector which was largely offset by a rise in the residential sector.
Manulife to acquire Indonesia business of U.K. asset manager Schroders
Manulife Financial Corp.’s (MFC-T) wealth and asset management arm said on Wednesday it has signed an agreement to buy U.K. asset manager Schroders’s business in Indonesia. Financial details of the acquisition were not immediately known.
Bank of Montreal reportedly considering sale of some U.S. branches
Bank of Montreal has recently launched a process to sell some of its U.S. branches with about US$6-billion in deposits, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Nuveen aims to raise $3B for private farmland REIT
After five consecutive years of U.S. farmland increasing in value, a global investment firm is betting on agricultural properties with a new REIT. Nuveen wants to raise US$3B in capital as part of a new private farmland REIT.
Biotech real estate slump has MIT’s hometown seeking backups
Twin miseries have slammed Kendall Square, a major biopharmaceutical hub that borders the Massachusetts Institute of Technology’s campus. The pandemic emptied out traditional offices. Then, beginning in 2022, investors pulled back on the biotech sector.
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