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Industry News

Saks opens this week in CF Sherway Gardens

Saks Fifth Avenue will open in Toronto’s CF Sherway Gardens on Thursday, one week after its initial entry into Canada at CF Toronto Eaton Centre.

British Columbia revamps outdated fire safety act

British Columbia’s fire safety act is getting the most substantial overhaul it has ever had since 1979 with the introduction of modernized legislation.

Targeted tax back on Toronto CRE industry radar

The city of Toronto's renewed contemplation of its special revenue-generating powers has real estate industry advocates proactively calling for a role in any future discussions.

1st Alt Hotel in Saskatchewan set to break ground

Group Germain Hotels will soon welcome its first Alt Hotel to Saskatchewan, once plans for the 15-storey hotel materialize in 2018.

Morguard finalizes hotel portfolio purchase

Morguard has completed the purchase of three hotels near Toronto’s near Pearson International Airport for $33.5 million.

Innovative new Coast Capital headquarters

The innovative new Coast Capital Savings headquarters has opened in Surrey’s city centre. Designed by MCMP Architects, the new building is the deliberate antithesis of a

LaSalle acquires Burlington office portfolio

LaSalle Investment Management has acquired a portfolio of four Class A office towers in Burlington, Ontario

Global real estate ethics standards in works

The draft standards and associated consultation period follow 15 months of work since the effort was launched at the United Nations in October 2014 to develop a consistent global definition of appropriate behaviour that practitioners, clients, third parties and stakeholders can readily reference.

Ottawa’s LeBreton Flats a ‘legacy’ in the making

Ottawa’s LeBreton Flats is being redeveloped into a world-class cultural destination dedicated to open green spaces, public facilities, housing and hockey.

Mixed-use project begins to rise in Winnipeg

Ground has broken on a mixed-use project to be located at Winnipeg’s Confusion Corner, a site that receives more daily traffic than any other in the city.

IKEA coming to Halifax’s Dartmouth Crossing

IKEA will open a new 325,000-square-foot store in Dartmouth Crossing, a popular shopping and entertainment destination in Halifax, Nova Scotia.

Walmart to open 15 supercentres in January

Walmart opened three new supercenters in Quebec and Manitoba on January 21 and will soon open twelve more on January 28, in various locations across Canada.

GTA office leasing market strong in Q4 2015

The Greater Toronto Area remained strong at the end of 2015 with downtown’s high performance, but the suburban market showed weaker results.

2015 dishes up divergent vacancy and rent trends

Calgary experienced the steepest slide over 2015, while Toronto emerged on an upswing and 2016 growth projections favour Vancouver.

Open office format mainly a for-profit trend

Easy access to public transit tops the list of preferred attributes for office location among 50 non-profit organizations recently surveyed about workplace needs and priorities.

Alt Hotel to open in St. John’s, Newfoundland

Group Germain Hotels has announced it will be opening an Alt Hotel in St. John's, Newfoundland in 2017.

PortsToronto unveils first sustainability report

Waste reduction, noise mitigation and further investment in Toronto’s waterfront community are a few key areas of interest for PortsToronto this year.