Retail
REMI Network
Construction begins on Etobicoke Civic Centre
Plans are moving forward on what will become Toronto’s first near-zero emissions community.
Canadian Property Management
Constraints on cannabis retailers could loosen
A proposed tweak to the rules governing store configurations could make Ontario’s enclosed shopping malls more welcoming for cannabis retailers.
Canadian Property Management
All grocery retail segments gaining in Canada
Canada outpaced the U.S. in adding per capita grocery retail space last year, with new stores mostly in the discount segment of major players' multi-brand portfolios
Canadian Property Management
Taxing debate awaits Toronto commercial parking
Debate about a proposed surcharge on commercial parking spaces in Toronto has been deferred until City Council begins to consider 2025 budget measures.
Canadian Property Management
Urban trekkers not in the mood to spend
Colliers Canada’s overview of foot traffic trends reveals that discount retailers, quick service restaurants and free attractions typically recorded the largest uptick in visitor volume in 2023.
Construction Business
CRE construction activity tops 5-year U.S average
Combined spending on office, industrial and retail construction projects dropped below 2022 levels in the U.S. last year, but still surpassed the five-year average for the period since 2019.
Canadian Property Management
Toronto strip plazas considered for tax discount
Nearly 30 per cent of Toronto strip plazas are in line for a property tax break if City Council approves the proposed new measure in its upcoming 2024 budget deliberations.
Canadian Property Management
Investment shopping list considered for 2024
As more vendors and purchasers are expected to come to the market this year, Avison Young's sentiment data shows retail, multifamily and industrial assets are sought, while office is tapped for divestment.
Canadian Property Management
Investment returns show slipping values in 2023
Canadian investment returns for 2023 show retail improvement, industrial deceleration and continuing office value decline, as capital loss balances out income growth for a flat total return.
Canadian Property Management
Vancouver boasts all round lowest vacancy rates
Vancouver enjoys North America’s strongest demand across all asset types, ending 2023 with the lowest vacancy rates for industrial, office, multifamily and retail properties among 63 major urban markets.
Canadian Property Management
RioCan REIT marks 30 years as public company
RioCan founder and chairman, Edward Sonshine, and other members of the senior leadership team ushered in the TSX trading day, January 19th, in celebration of the REIT's 30th anniversary.
Canadian Property Management
Year-end retail rents show little slippage
Retail rents rose or remained steady across most formats during the second half of 2023 with slippage confined to a few street-based, downtown shopping districts in large Canadian cities.
REMI Network
Morguard to divest hotel portfolio
Morguard announced plans to sell a portfolio of 14 hotels located across Ontario and Nova Scotia.
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 Property Management
Retail rents posting gains in open-air venues
Calgary, Montreal and Halifax particularly enjoyed an upturn in retail rents during the first half of 2023, but declining rates were next to non-existent across Canada's major urban markets.
REMI Network
Multi-tower project bound for Pickering
Plans for Pickering City Centre entail 6,000 new residences across more than 10 mixed-use towers and revitalizing a 1970s-era shopping mall.
