An influx of new office supply was always expected to shake up the status quo in the downtown Toronto market given that approximately two-thirds of the 8+ million square feet of space currently under construction is already preleased.
While endless challenges faced commercial real estate markets in 2020, investors and end users in Western Canada showed incredible resilience.
Market analysts typify a second quarter uptick in downtown sublet activity as a spurt, not a glut. However, they project the trend is likely to continue.
Prominent Canadian asset managers recently recounted their experiences in repositioning underperforming properties, offering insight on turnaround logistics and the role value-add assets play in investment strategies.
The recently completed $102-million deal for Toronto Don Valley Hotel & Suites heralds the development momentum attached to the Eglinton Crosstown light rail transit line, now under construction across a 19-kilometre east-west stretch of the city.
Yorkdale Shopping Centre again takes the title of Canada's most productive mall in the Retail Council of Canada's annual analysis of shopping centres with more than 250,000 square feet of gross leasable area.
How can commercial property owners and managers “plug in” to the smart city revolution?
A scurry of people is criss-crossing paths in the newly renovated Yonge Sheppard Centre in North Toronto.
Newly adopted amendments to Alberta's Municipal Government Act extend provisions that were initially devised to support the rejuvenation of derelict brownfields to all non-residential properties.
Energy firms drove Calgary office leasing deals in the first quarter of 2019, but in a way that had few landlords celebrating. The largest transactions involved companies relocating and downsizing into smaller spaces.
Punditry emanating from the United States characterizes Toronto as an outlier on the short list or overlooks it entirely.
Rules for the program are set to change, making the timing less than ideal for development proponents still awaiting a decision based on the original criteria in place when they submitted their applications.
Senior ranking valuation specialists agreed that new uncertainties around fraying trade agreements, political instability and climate volatility have broadened the scope of their worries well beyond rising interest rates.
Corporate tenants are increasingly demanding child care in their buildings to help female employees go back to work after maternity leave.
An office building in Markham, Ontario's technology hub plans to be the first net positive energy office building in Canada.
Mixed-use developments in Toronto are creating neighbourhoods that are unaffordable for many people, according to a new study.
Increased urbanization and the demand for convenience has made it more common for retailers, restaurants and office spaces to operate under one roof.