Retail

Constraints on cannabis retailers could loosen

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.
All grocery retail segments gaining in Canada

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
Taxing debate awaits Toronto commercial parking

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.
Urban trekkers not in the mood to spend

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.
CRE construction activity tops 5-year U.S. average

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.
Toronto strip plazas considered for tax discount

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.
Investment shopping list considered for 2024

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.
Investment returns show slipping values in 2023

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.
Vancouver boasts all-asset lowest vacancy rates

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.
RioCan REIT marks 30 years as public company

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.
Year-end retail rents show little slippage

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.
Morguard

REMI Network

Morguard to divest hotel portfolio

Morguard announced plans to sell a portfolio of 14 hotels located across Ontario and Nova Scotia.
Primaris REIT to acquire Halifax retail properties

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.
regional mall fundamentals receive high marks

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.
regional mall fundamentals receive high marks

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.
Pickering

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.
Conestoga Mall to pad Primaris REIT portfolio

Canadian Property Management

Conestoga Mall to pad Primaris REIT portfolio

Primaris Real Estate Investment Trust has inked a $270-million deal for Conestoga Mall, a 585,000-square-foot enclosed shopping centre in Waterloo, Ontario.