Investment
Canadian Property Management
Inadvertent blocks on commercial deals lifted
Regulatory amendments to Canada’s Prohibition on the Purchase of Residential Property by Non-Canadians Act address inadvertent impacts on commercial transactions and property development.
Canadian Property Management
CRE awaits spinoffs of new provincial spending
Quebec and Ontario have announced investment incentives that could have implications for land deals and/or technologies and products that commercial real estate uses.
Canadian Apartment Magazine
Multifamily remains favoured investment asset
Industry analysts cite Canada’s demographic trends and seemingly chronic housing supply-demand imbalance as fundamentals that should drive robust returns on new purpose-built rental projects.
Canadian Property Management
Canadian hotel sector shaking off COVID-19
Average RevPAR surpassed 2019 levels last year, while increased international travel and a low Canadian dollar are projected to push up occupancy in 2023 and 2024.
Canadian Property Management
Dream to offer ESG-focused debt capital
Dream Unlimited Corp. will offer ESG-focused debt capital to the U.S. market through the launch of Avrio Real Estate Credit, in partnership with PaulsCorp LLC.
Canadian Property Management
Canadian buildings scrutinized in OECD review
As part of a biennial review and benchmarking of Canada’s economic performance, a new OECD report looks at progress toward the interim 2030 target and 2050 goal for net-zero carbon emissions.
Canadian Property Management
First Capital resolves dispute with unit-holders
First Capital Real Estate Investment Trust has resolved a dispute with activist unit-holders, Sandpiper Group and Artis REIT, thus leaving its board unchallenged.
Canadian Property Management
PSP Investments to acquire digital infrastructure
The USD $3-billion deal will take Radius Global Infrastructure, a multinational aggregator and owner of properties leased to wireless communications operators, private.
Canadian Property Management
CPP names new global head of real assets
Maximilian Biagosch has been appointed global head of real assets for Canada Pension Plan Investment Board and will also continue to serve as CPP Investments' European head.
REMI Network
Hotel transactions up, sales value down in 2022
The number of hotel transactions hit a record high globally in 2022, but came with a high proportion of single-asset deals for lower-budget properties.
Canadian Property Management
Modest investment returns posted for 2022
Newly released 2022 annual results of the MSCI/REALPAC Canada Property Index peg the total return on standing real estate assets at 1.3 per cent.
Canadian Property Management
Hines names two new CEOs for Americas regions
Steve Luthman has been promoted to lead real estate investment and development activity in Canada and the U.S. Midwest and Southeast, while Syl Apps takes the helm in South America.
Canadian Property Management
Dream Office REIT sells Class B Toronto building
Dream Office REIT has announced the $135-million sale of 720 Bay Street, an 11-storey Class B building in the Queen’s Park vicinity of Toronto.
Canadian Apartment Magazine
Student and seniors housing prospects in favour
A survey of top executives in the student and seniors housing sectors finds most are planning to expand their portfolios in 2023 through acquisitions and new development.
Canadian Property Management
Lender confidence varies by CRE asset class
Logistics warehouses, multifamily rental buildings, data centres and life sciences labs are tapped as favoured assets in CBRE Canada’s newly released survey of lenders' sentiment.
CondoBusiness
Condo project financing confronts new math
More cautious criteria for condo project financing could upend some development pro formas and potentially constrain housing starts in the coming months.
Canadian Property Management
Paul Morassutti appointed CBRE Canada chairman
A member of CBRE’s executive management committee, Morassutti has most recently served as head of the firm's valuation and advisory services.
