Real Estate
Canadian Apartment Magazine
Canadian rents undercut U.S. tech hub averages
Canada’s leading tech hubs boast lower rental housing costs and narrower average rent-to-earnings ratios than most of their rivals in the United States.
Canadian Property Management
Prominent sponsors join CRE’s global DEI survey
An expanded list of industry associations has signed on for the 2023 global survey of diversity, equity and inclusion (DEI) in commercial real estate, more than doubling the slate of sponsors from two years ago.
Canadian Property Management
NYX Capital sells self-storage portfolio
The vendor garners $310 million through the sell-off of 7,500 existing rentable storage units and properties where a further 3,000 units are set for development.
REMI Network
CRE loan books undergo U.S. Fed stress test
Through a recent stress testing exercise, the U.S. Federal Reserve determined that potential losses on commercial real estate loans pose the second highest risk for lenders after credit cards.
Canadian Property Management
IREM 90th anniversary to be feted in Toronto
Toronto will be the host city for the Institute of Real Estate Management's 2023 Global Summit, which coincides with the organization's 90th anniversary this year.
Canadian Property Management
National office vacancy rate continues to climb
The national office vacancy rate surpassed 18 per cent in the second quarter of 2023, the highest level recorded since 1994. However, the pace of negative absorption was slower than last winter and fall.
Canadian Property Management
Human capital elusive for real estate employers
Employers are pressed to fill new kinds of positions and to bolster tech savviness throughout their organizations, while facing labour shortages and a highly competitive market for certain skills.
Canadian Property Management
Range of CRE stakeholders demand ESG metrics
Canada’s leading commercial real estate players are increasingly turning to ESG metrics to track responsiveness to a range of emerging risks and business imperatives.
Canadian Property Management
Ontario Teachers to realign real estate oversight
The Ontario Teachers’ Pension Plan will bring its global real estate investment team in-house, while Cadillac Fairview Corporation manages its Canadian portfolio with a new president and CEO at the helm.
Canadian Property Management
Trophy office towers widening gap from the pack
Trophy office towers could be anchored atop the market for the long term as the past decade’s wave of new building subsides and little further development is anticipated.
Canadian Property Management
Newmark appoints first Canadian president
Norm Taylor has joined Newmark Group to lead the real estate advisory firm’s operations in Canada.
Canadian Property Management
Office building values still trending downward
Appraisers generally expect office building values to keep slipping over the course of 2023 as a range of factors undermine cash flow, push up cap rates and make investors skittish.
Canadian Apartment Magazine
Multifamily asset values hold steady
Multifamily asset values appear to be holding steady, but transaction volume plummeted in the first quarter of 2023.
REMI Network
Data centre hubs grow in scale and number
More than half of hyperscale sites worldwide are located in the United States, but Canada is among nine other countries where JLL analysts identify a development surge underway.
Canadian Property Management
Christine Bergeron to lead Concert Properties
Christine Bergeron, current president and chief executive officer of Vancity Group, will step into those roles with Concert Properties beginning in September.
Canadian Facility Management & Design
Liquor store sell-off nears end in Saskatchewan
Significantly more revenue has been raised through the auction of the retail permits associated with the stores than from the sale of the properties themselves.
Canadian Property Management
Andrew Blair joins Colonnade BridgePort
Andrew Blair has joined Ottawa-based ColonnadeBridgePort as managing partner of its investment fund and management business.
