Investment
Canadian Property Management
Ontario Teachers’ name new real estate leader
Pierre Cherki will take leadership of global real estate investment for Ontario Teachers’ Pension Plan when its new in-house asset management group launches early next year.
Canadian Property Management
Lenders set to curtail office exposure in 2024
Lenders generally expect to curtail office exposure while increasing overall allocations to Canadian real estate in 2024, findings from CBRE Canada's annual survey reveal.
Canadian Property Management
CRA to be disabused on investment tax credits
Recent court rulings give Canada Revenue Agency leeway to apply an unintended interpretation to the interest-free and low-interest loans that federal, provincial/territorial and municipal governments offer.
Canadian Property Management
Primaris REIT to acquire Halifax retail properties
The $370-million deal will add the Halifax Shopping Centre and its associated open-air Annex to Primaris REIT's portfolio.
Canadian Property Management
Regional mall fundamentals receive high marks
New analysis projects "significant opportunity for growth" drawing on the surging Canadian population, urban densification trends and minimal new competition for incumbent regional malls.
Canadian Apartment Magazine
GTA multifamily deals sag to single digits in Q3
Summer saw a dearth of multifamily transactions, as Colliers Canada reports just eight deals in the Greater Toronto Area during the third quarter of 2023.
Canadian Property Management
Andrew Petrozzi to lead Newmark Canada research
Andrew Petrozzi has joined Newmark Group as the commercial real estate advisory firm's head of research in Canada.
Canadian Property Management
Distressed asset sales remain a steady fraction
Distressed asset sales were a nominal and relatively consistent fraction of the Canadian commercial investment property market in the first half of 2023.
Canadian Apartment Magazine
Office receivership sale touts conversion potential
Sales agents for Compass Place, a distressed 10-storey office tower in downtown Edmonton, are promoting its potential for conversion to multifamily rental.
Canadian Property Management
Toronto data centres dealt to Japanese telco
Allied Properties REIT has completed the $1.35-billion sale of its Toronto data centre portfolio to the Japanese telecommunications company, KDDI Corporation.
REMI Network
Delinquent loans mount on U.S. office assets
DBRS Morningstar’s recently released status report on commercial mortgage-backed securities counts July as the fourth consecutive month with rising delinquency rates.
Canadian Property Management
Hotel investment volume enjoys COVID recovery
Canadian hotel sales value, occupancy rates and revenue per available room (RevPAR) for the first half of 2023 surpassed pre-pandemic performance in the comparable period of 2019.
Canadian Property Management
Canada shares in real estate’s global value dip
The global value of professionally managed real estate fell by 4.1 per cent last year relative to 2021, representing a USD $600 billion year-over-year drop.
CondoBusiness
Quebec home inspectors get standardized rules
Quebec is introducing standardized certification and skills upgrading requirements for home inspectors who conduct assessments related to sales transactions.
CondoBusiness
Brokerage to end dual listing on TSX and NASDAQ
The Real Brokerage Inc. cites “minimal trading volume” in return for duplicate administrative expenses in the decision to voluntarily delist from the TSX.
Canadian Facility Management & Design
InnVest Hotels executes two summertime deals
The sale of the Ottawa Marriott Hotel follows InnVest's recent acquisition of the historic St. Andrews-by-the-Sea resort in New Brunswick.
Canadian Property Management
Oxford expands C-Suite and executive committee
Oxford Properties has named two new C-suite appointees, including its first-ever Chief Investment Officer, and five new executive committee members.
