Industry News

Square One District

Housing to launch Square One District build-out

The first pieces of an envisioned 130-acre new mixed-use community adjoining Mississauga's Square One Shopping Centre should be underway later this year.
Manulife Place investment

Edmonton’s Manulife Place to be redeveloped

Manulife Investment Management is undertaking a $30 million redevelopment of Manulife Place in the heart of Edmonton's downtown core.
remote working

Remote working a growing perk in Canadian offices

Less than half of companies in Canada provide work-from-anywhere options for their employees, according to a new survey .
2020 prospects

2020 prospects judged upbeat, but uneven

Canada's major office and industrial markets present a more uneven picture to brokers and analysts in this country than their contemporaries in the United States see when contemplating 2020 prospects south of the border.
BOMI Education Canada

New BOMI entity promises seamless transition

BOMI Education Canada is the newly launched delivery agent for training and designations for commercial property professionals, assuming the role the Building Owners and Managers Institute of Canada previously fulfilled.
office and industrial momentum

Steady office and industrial momentum foreseen

Analysts foresee relatively static office vacancy and rental rates over the coming year, while industrial market dynamics are expected to be similarly consistent and optimistic.
gateway leisure

Gateway Casino to merge with Leisure in $1.5B deal

Vancouver’s Gateway Casinos & Entertainment Limited has agreed to merge with Leisure Acquisition Corp. The deal is valued at C$1.5B.

Mark Gifford named CEO of REFBC

Mark Gifford has been named the Real Estate Foundation of BC (REFBC)’s new chief executive officer, taking over for longtime CEO Jack Wong.
grouse mountain

Northland Properties buys Grouse Mountain Resort

Grouse Mountain Resort in North Vancouver has been purchased by Northland Properties Corp from CM (Canada) Asset Management Co. Ltd.
condo soundscape

Code changes fine-tune Ontario condo soundscape

As of January 1, developers will no longer have to meet a challenging standard for the comprehensibility of voice communications systems, and they can take an alternative approach to calculating sound transmission between dwelling units.
Vaughn Metropolitan Centre

New residential lands pegged for Vaughan Metropolitan Centre area

SmartCentres and Penguin have teamed up on a 15.48 acre site next to the Vaughn Metropolitan Centre.

USask scientists find potential toxicity of LCDs

A team of toxicologists at the University of Saskatchewan have discovered that chemicals used in smartphone and computer displays are potentially toxic.
Hudson Hotel

New York’s Hudson Hotel brand coming to Toronto

Toronto will be welcoming its very own Hudson Hotel, already a familiar brand for New York City tourists and locals.
rainwater harvesting

Code recognition urged for rainwater harvesting

Expressly stated requirements for rainwater harvesting should simplify protocol for attaining permits and would align with the National Plumbing Code's water efficiency objective.
mixed-use complex

Allied purchasing mixed-use complex in Montreal

Allied Properties is purchasing a mixed-use complex in Montreal for $276 million.

Squamish Nation approves housing development

The Squamish Nation has voted to move forward with a development under the Vancouver Burrard Street Bridge in partnership with Wesbank Projects Corp.
lender confidence

Multifamily asset class wins lender confidence

Lenders to the Canadian commercial real estate industry aren't losing much sleep over their allocations to the multifamily asset class, as just 2.2 per cent of recent survey respondents report concerns about its prospects.