Canadian Property Management - Industry News
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Industry News

CAPREIT acquires coveted apartments in Calgary

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has acquired a luxury apartment portfolio in Calgary.

Oxford to build 40-storey office tower in Toronto

Oxford Properties Group has unveiled plans to develop the Ernst & Young Tower, a new 900,000-square-foot, 40 storey, triple A office tower ...

Sobeys to buy Safeway Canada

Supermarket chain Sobeys Inc. has reached an agreement to acquire Safeway Inc.'s Canadian assets for $5.8 billion.
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Agellan completes $18.25 million acquisition

Agellan Commercial REIT has closed its acquisition of a Texas office property for a total purchase price of $18.25 million, representing a going-in capitalization rate of 8.16 per cent.

Vancouver commercial real estate sales drop

The first quarter of 2013 saw a reduction in the total dollar value and quantity of commercial real estate sales in B.C.'s Lower Mainland compared to recent years, according to data from Commercial Edge, a commercial real estate system operated by the Real Estate Board of Greater Vancouver (REBGV).
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GTA commercial market dipped in May

The Greater Toronto Area's commercial real estate sector dipped approximately 20 per cent last month in comparison to May 2012, according to ...

Ontario Target stores now LEED certified

Target's investment in sustainability has paid off as its first 24 stores in Ontario have been awarded LEED certification.

Oxford and CPPIB strengthen retail partnership

Oxford Properties Group and CPP Investment Board (CPPIB) have bolstered their partnership in the retail market. The two companies have agreed to expand their 50/50 Canadian retail

2013 BOMA BC award winners announced

The Building Owners and Managers Association of British Columbia (BOMA BC) helds its biennial Awards of Excellence gala May 16 at the Fairmont Waterfront Hotel in downtown Vancouver.
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Ivanhoe Cambridge buys Seattle office building

Ivanhoe Cambridge has acquired a 100 per cent interest in the Wells Fargo Center, a 47-storey, Class A office tower with ...
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Madison Pacific Properties names new CFO

Vancouver-based real estate company, Madison Pacific Properties Inc., has appointed a new chief financial officer (CFO), Dino Di Marco.

Building industry calls for changes to OBC

Ontario builders are urging the provincial government to allow six-storey wood frame structures.

Canada celebrates 1,000 LEED projects

A thousand projects have now been LEED certified in Canada. The country now ranks second in the world, after the U.S., for its number of certified buildings.

Edmonton industrial market remains tight

Industrial leasing and sales activity in Edmonton remained strong during the first quarter of 2013, as the overall vacancy rate declined to 3.4 per cent from 3.7 per cent at year-end 2012, according to a recent report by Avison Young.

Montreal office vacancy rates remain stable

Vacancy rates in downtown Montreal's Class A and B office buildings have remained in the six per cent range over most of the past 12 months in a leasing market where demand has slowed, according to a recent real estate market study by Newmark Knight Frank Devencore.

Homburg acquires properties in P.E.I.

Homburg International Group has acquired five properties in Charlottetown, P.E.I., through the purchase of the outstanding shares in Hardegane Investments Ltd.
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Pessimism in commercial real estate rises

Despite continuing strong market fundamentals for real estate, commercial real estate leaders are more pessimistic about the future than they have been since 2009, according to a recent survey by the Real Property Association of Canada (REALpac) and FPL Advisory Group.