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Industry News

Canadian Property Management

Higher office vacancy rates here to stay: Report

A new report from CBRE Limited says that higher office vacancy rates in the Canadian market are likely to continue.

Canadian Property Management

Ivanhoe Cambridge invests in U.K. market

Ivanhoe Cambridge is partnering with affiliates of Apollo Global Management and Residential Land to acquire interests in two properties in London, U.K.

Canadian Property Management

RioCan acquires partner’s shares in four projects

RioCan REIT has acquired Trinity Developments Limited's interests in four of the companies’ shared properties in Toronto and Calgary.

CondoBusiness

Canadian housing bubble fears inflated: Report

A new report from The Conference Board of Canada says that fears of a Canadian housing bubble are exaggerated, and a soft landing is likely in store.

CondoBusiness

Budget for first-time homebuyers on the rise

According to the BMO 2014 First-Time Home Buyers Report, the average budget for first-time homebuyers in Canada is now $361,100, up from $300,000 in 2013.

CondoBusiness

Ontario boomers are looking to downsize: Survey

According to a recent survey, 59 per cent of Ontario baby boomers are looking to downsize to smaller homes within the next five years.

CondoBusiness

Liberty at Discovery Place wins Condo of the Year

The Canadian Condominium Institute’s Toronto and Area Chapter (CCI-T) has named Liberty at Discovery Place in Pickering, Ont. as Condo of the Year.

CondoBusiness

Two buildings in Trois-Rivieres condo completed

Two out of nine buildings in the Les Haltes du Roi condo development in Trois-Rivieres, Que., have been completed.
REMI

Canadian Property Management

USGBC 2014 sustainability fellow announced

The USGBC has named Heather Joy Rosenberg as its 2014-2015 Mark Ginsberg Sustainability Fellow.

Canadian Property Management

New Ottawa LRT may boost real estate markets

A new report suggests that the completion of the new Ottawa LRT line will have a positive effect on nearby office, residential and retail properties.

Canadian Property Management

Expanded Quebec City Convention Centre opens

The Quebec City Convention Centre has opened its new meeting and conference expansion following two years of work.

Canadian Property Management

Ivanhoe Cambridge sells stake in Citigroup HQ

Ivanhoe Cambridge has sold its stake in Citigroup Inc.’s New York City headquarters to SL Green Realty Corp.

Canadian Property Management

New Westminster sells Merchant Square tower

The City of New Westminster recently announced the sale of the Merchant Square office tower shell in the downtown district to 777 Columbia for $36.5 million.

Canadian Property Management

B.C. company starts parking acquisition fund

Vancouver-based Parkit Enterprise Inc. has announced that it has entered into a partnership with Propark America to create a parking acquisition fund.

Canadian Facility Management & Design

Canadian firm wins international design award

Figure3 Interior Design was recognized at the 2014 EuroShop Retail Design Awards for its La Maison Simons design concept at the West Edmonton Mall.

Canadian Facility Management & Design

New Hamilton GO station to open in 2015

Metrolinx has awarded the contract for the new Hamilton GO Station at 353 James St. N., which will enter construction later this spring.

Canadian Facility Management & Design

B.C. firm wins sustainable forestry award

Vancouver-based NDSA Architects received the first ever Sustainable Forestry Initiative Award at the 10th annual Wood WORKS! BC Wood Design Awards.