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Canada’s most expensive streets for office space

Location, location, location. Companies are continuing to pay a premium for the most expensive spaces and Toronto, Calgary and Vancouver are the Canadian cities with

Canadian Property Management

Retail real estate supports Canadian economy

The Real Property Association of Canada (REALpac) estimated that the contributions of the retail real estate sector to the Canadian economy in 2013 was a

REMI Network

UDI honours B.C. real estate industry

The Urban Development Institute Pacific Region (UDI) has announced the winners of the 2014 UDI Awards for Excellence, honouring B.C.’s real estate industry. “The UDI

REMI Network

Edward Pitoniak, new president, CEO of InnVest

Edward Pitoniak is the new president and acting chief executive officer of InnVest Real Estate Investment Trust (InnVest), beginning December 1, 2014. Since April, Pitoniak

CondoBusiness

Mount Royal Village to receive mixed-use condo

A new mixed-use condo and commercial development has been announced for Calgary, A.B. The Royal, a 223-unit project with 90,000 square feet of retail and office space, will be developed by Embassy BOSA and First Capital Realty Inc.

CondoBusiness

Housing market modestly overvalued: CMHC

Apart from modest overvaluation — and a cautionary note about overbuilding in Montreal and Toronto — Canada’s housing markets largely align with underlying demographic and

REMI Network

Real estate market concerns senior execs: report

Senior executives in various commercial asset classes face ongoing concerns regarding the future success of Canada’s real estate market, according to recently released Q4 results

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Rael Diamond, new president and COO of CREIT

Rael Diamond has been named new president and chief operating officer of Canadian Real Estate Investment Trust (CREIT). Shortly after joining CREIT in 2012, Diamond

REMI Network

Allied purchases new spot on King Street West

With the impending purchase of 485 King Street West in Toronto for $8 million, Allied Properties will be able to improve its nearby intensification project

REMI Network

Triovest Realty appoints new retail VPs

Tom D. Falls and John G. Crombie have both been appointed as senior vice-presidents of the retail division at Triovest Realty Advisors. Falls stepped into

Canadian Property Management

Office sector helps boost Canadian economy

With the construction of private office buildings and their subsequent operations, activity within the office sector makes a substantial impact on Canada’s economy and standard

REMI Network

FAM to acquire seven office properties in GTA

FAM Real Estate Investment Trust announced it will purchase seven office properties in the Greater Toronto Area (GTA) from Slate GTA Suburban Office Inc. for

Canadian Property Management

GTA office market enters positive territory

What was presumed to be a paltry office market in the Greater Toronto Area (GTA) over the last few months is now on the upswing,

REMI Network

Toronto’s Royal York Hotel secures new owners

Toronto’s iconic Royal York Hotel now has new owners as InnVest Real Estate Investment Trust (InnVest) and KingSett Real Estate Growth LP (KingSett) are set

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Calloway appoints Peter Sweeney new CFO

Peter Sweeney has joined Calloway Real Estate Investment Trust (Calloway) as new chief financial officer. Currently vice-president and chief financial officer for Allied Properties REIT,

CondoBusiness

T.O. mayoral candidates debate land transfer tax

Olivia Chow and John Tory challenged how and whether Doug Ford could deliver on a promise to phase out the municipal land transfer tax at

REMI Network

GTA’s growing industrial market: new study

High demand for larger, more modern industrial spaces has prompted construction of about 4 million square feet of industrial space in the Greater Toronto Area