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Article

Are Canada's banks on the brink of an office leasing spree?

Steve McLean Commercial Office National Dec. 11 2025

Canada's banks could increase their office leasing by up to 1.5 million square feet in Toronto during 2026, Oxford Properties' Kevin Hardy predicted during the Real Estate Forum in Toronto. That would create additional demand for space among related sectors.

Article

Granite REIT to voluntarily delist from NYSE

RENX Staff Commercial REITs National Dec. 11 2025

Granite REIT (GRT-UN-T) plans to voluntarily delist its trust units from the New York Stock Exchange (NYSE), citing consistent low trading volumes and an effort to achieve financial and administrative efficiencies.

Article

VAST Industrial Corp. announces acquisition of The Whalen Company

Residential Acquisition National Dec. 11 2025 SPONSORED

VAST Industrial Corp. and the shareholders of The Whalen Company are pleased to announce the acquisition of The Whalen Company by VAST. Whalen shareholders will retain ownership in Cold Point Corporation.

Article

Primaris updates HBC, Sears vacancies: Sees 'enormous opportunities'

Don Wilcox Commercial Primaris National Dec. 10 2025

Enclosed shopping centre owner and operator Primaris REIT (PMZ-UN-T) has provided an upbeat update on its plans for 1.3 million square feet of space formerly occupied by Hudson Bay stores across its nationwide portfolio.

Column • Placemaking Perspectives

What we can learn from airports, medical districts and 'in-between' spaces

Philippe Demers Commercial Placemaking National Dec. 10 2025

With high construction costs limiting construction starts in Toronto and Vancouver, combined with growing expectations from retail, office and residential for environments that better support the conveniences of daily life, developers are seeking new ways to strengthen real estate performance.

Article

Real estate plays major role in Aritzia's success: Brian Hill

Steve McLean Commercial Aritzia National Dec. 10 2025

Brian Hill's knowledge of retail real estate closely rivals his knowledge of the fashion retail sector. That expertise has paid big dividends for the founder of Canadian-based design house and fashion retailer Aritzia over the past 40 years. 

Article

Perimeter begins building SW Ontario industrial site on spec

Steve McLean Commercial Industrial Waterloo Dec. 9 2025

Perimeter Development Group and Skyline Group of Companies have broken ground on a $50-million, two-building industrial project called Waterloo North Business Park at 325 Northfield Dr. E. in Waterloo, Ont.

Article

Qu Data Centres founded to manage former Rogers DC portfolio

Don Wilcox Commercial Data Centres National Dec. 9 2025

A portfolio of nine data centres across Canada which has been acquired from Rogers Communications will be operated by an entity called the Qu Data Centres Limited Partnership, new owner InfraRed Capital Partners has announced.

Article

Graywood, Phantom begin building 55-storey Vaughan rental tower

Steve McLean Residential Apartments Toronto / GTA Dec. 8 2025

Graywood Developments and Phantom Developments have broken ground on a 55-storey, 617-unit purpose-built rental apartment at 3201 Highway 7 in Vaughan Metropolitan Centre (VMC), just north of Toronto.

Article

Tech companies pick up pace of downtown Toronto office leasing

Steve McLean Commercial Office Toronto / GTA Dec. 8 2025

The technology industry’s share of downtown Toronto office leasing has increased from 10 per cent last year to 15 per cent this year, according to Avison Young, ranking it second to the financial services sector at 46 per cent.

Article

Investment in U.S. real estate is normalizing again

Steve McLean Commercial Investment International Dec. 5 2025

U.S. president Donald Trump’s self-proclaimed “Liberation Day,” when he announced a series of tariffs to be imposed on other countries, changed how foreign investors look at the country. But it's too big a market to ignore, many firms agree....

Article

Infill multifamily development key sector for Starlight Investments

Steve McLean Residential Apartments Toronto / GTA Dec. 4 2025

Starlight Investments has topped off 557 The West Mall — a 249-unit rental apartment building in the Toronto suburb of Etobicoke — as it continues to execute its infill development strategy.

Article

Strategic renovations, leasing fills Winnipeg’s 330 Portage office tower

Evan Duggan Commercial Office Winnipeg Dec. 3 2025

A key downtown Winnipeg office tower is nearly fully leased due, in part, to strategic renovations and a dedicated approach to leasing in an otherwise challenging market, say the brokers behind 330 Portage Avenue. 

Article

Near-complete Yonge St. development in receivership: $185M owing

Howard Chai Commercial Condominiums Toronto / GTA Dec. 3 2025

A highrise mixed-use project at Yonge Street and Ellerslie Avenue in Toronto has been placed under receivership, according to filings in Ontario Superior Court, an unusual turn of events for a project that is nearly at the finish line.

 

Article

QuadReal, LaSalle create JV for $692M industrial portfolio

Don Wilcox Commercial Industrial International Dec. 2 2025

Vancouver-based QuadReal Property Group has created a partnership with global investment manager LaSalle Investment Management to recapitalize a $692-million (all figures Cdn) portfolio of 11 industrial properties in the United States.

Article

Mini Mall closes record initial unsecured debenture offering: $750M

RENX Staff Commercial Self-Storage National Dec. 2 2025

Mini Mall Storage Properties Trust kicked off December by announcing a new structure for $1.25 billion of debentures and credit facilities, including what it calls Canada’s “largest-ever inaugural unsecured debenture offering by a real estate issuer,” valued at $750 million.

Article

Beyond boundaries: How connected data drives success across commercial & residential real estate markets

Peter Altobelli Commercial Office National Dec. 2 2025 SPONSORED

Canada’s commercial property market is settling into a new rhythm. Owners and operators are learning that the best way to stay competitive isn’t guessing where the market will go next, it’s knowing what’s happening inside their own portfolios today.

Article

Menkes, partners move ahead with Sugar Wharf Phase II prep

Steve McLean Residential Condominiums Toronto / GTA Dec. 1 2025

Progress continues at Sugar Wharf, an 11-acre mixed-use development on Queens Quay East in downtown Toronto, although the latest addition is only temporary.

Article

Aspen eyes switching downtown Calgary development to residential

Mario Toneguzzi Residential Apartments Calgary Dec. 1 2025

Calgary's Aspen Properties is weighing a major new downtown residential development at a site previously planned for new office space. Executive chair Scott Hutcheson says the company is “much closer” to moving ahead on the project now, however.

Column • The People Space

Kedwell succeeds Chornous at RBC GAM; New roles for Soper, Wadley...

Don Wilcox People Space Executives National Nov. 30 2025

Stu Kedwell will succeed the retiring Dan Chornous as global chief investment officer at RBC Global Asset Management, effective Jan. 31. We also note executive and board appointments at The Realty Alliance, C&W, Dream, Scotiabank and more...

Article

Desjardins funds acquire KingSett's 70 York office tower in Toronto

Danny Kucharsky Commercial Office Toronto / GTA Nov. 28 2025

EXCLUSIVE: Desjardins’ DGAM Canadian Private Real Estate Fund and the Desjardins Group Pension Fund have teamed up to spend $134.6 million to buy the 70 York St. office tower in downtown Toronto from the KingSett Senior Mortgage Fund.

Article

Frequent valuations reap benefits for GWL Realty Advisors' office portfolio

Steve McLean Commercial Valuation National Nov. 27 2025

GWL Realty Advisors (GWLRA) started completing quarterly external valuations of its multimillion-square-foot office portfolio - as well as monthly internal valuations - after the onset of the COVID-19 pandemic.

 

Article

ATB Financial moving offices to Calgary's Suncor Energy Centre

Don Wilcox Commercial Leasing Calgary Nov. 27 2025

The multimillion-dollar renovations Brookfield Properties and ARCI are undertaking at Calgary’s Suncor Energy Centre office towers have paid off with a major new tenant: ATB Financial will occupy 173,000 square feet of space in the campus in 2027.

Article

Empirio grows in Edmonton, brings property management in-house

Steve McLean Residential Apartments Edmonton Nov. 26 2025

Empirio Capital's acquisition of a second multifamily property in Edmonton has allowed the young, growing firm to make a structural change in its property management in the city, bringing those operations in-house as it scales up.

 

Article

W. P. Carey grows Canadian portfolio, buys Toronto industrial buildings

Steve McLean Commercial Industrial Toronto / GTA Nov. 26 2025

New York City-based W.P. Carey’s Canadian growth continues after the firm acquired two Greater Toronto Area industrial buildings as part of a three-property portfolio in a sale-leaseback deal with rigid plastic packaging supplier Polytainers.

Industry Events