Asking apartment rents continue to decline
Lease rates drop for eighth consecutive month on annual basis in May, according to Rentals.ca and Urbanation
Apartment rents continue to fall across the country from a year ago due to a jump in supply.
Canada's largest pension fund looks down under for debt investments
CPP Investments puts $300 million Australian into debt fund created by US-based Nuveen
Canada's largest pension fund is set to contribute 300 million Australian dollars to a debt fund operated by Chicago-based Nuveen, one of the world's largest asset managers.
Canada Infrastructure Bank strikes deal with Scotiabank to expand building retrofit program
Program will enable financial institution's commercial property customers to access low-cost financing for upgrades, partners say
The Canada Infrastructure Bank, a federal Crown corporation, is expanding its building retrofit initiative by forming a $100 million partnership with the Bank of Nova Scotia to fin...
Cyclic Materials to establish rare earth recycling operation in Ontario
Operation to produce material for magnets in EV motors, electronics
Canadian company Cyclic Materials is set to spend 25 million U.S. dollars to establish a rare earth recycling operation in Kingston, Ontario, about 250 kilometres from Toronto.
JLL teams with Breakfast Club of Canada to provide nutritious meals for children
Real estate firm launches 2025 campaign as partnership reaches milestone of $1 million raised
JLL is kicking off its 2025 campaign with Breakfast Club of Canada as the real estate services firm works to support the effort to provide children with access to a nutritious brea...
Metropia's Howard Sokolowski earns lifetime achievement award
Building Industry and Land Development Association bestows highest honour on property professional
The Building Industry and Land Development Association bestowed its highest honour on Metropia founder and CEO Howard Sokolowski in recognition of his dedication to the group and i...
Federal Competition Bureau takes aim at retail property controls
Guidelines seek to discourage leases banning landlords from renting space to competitors
Canada’s Competition Bureau has followed up on its two-year-old campaign to reduce property-control stipulations that aim to prevent competing stores from opening within the same s...
Canadian government gets just 2% of its office space to appropriate size, audit finds
Federal tenants need to accelerate efforts to help add affordable housing, according to report
Canada Auditor General Karen Hogan said the federal government is failing in its bid to address excess office space, with just 2% of its real estate footprint brought to an appropr...
Large pension fund, CT REIT take on $200 million Canada Square office retrofit
Canadian Tire partners with Oxford Properties, signs 20-year lease for high-profile headquarters space in Toronto
The real estate arm of one of the country's biggest pension funds and Canadian Tire Corp., a major Canadian retailer, say they are teaming up on a $200 million retrofit of a high-p...
Dilawri Foundation donates $60 million for cardiovascular institute at Vancouver General Hospital
Gift will finance tower, launch innovation fund for heart care, healthcare system says
Privately owned Dilawri, the largest shareholder of Automotive Properties REIT, has made a $60 million donation through its foundation to establish the Dilawri Cardiovascular Insti...
Toronto considers allowing more six-unit apartment buildings
Officials look to boost housing in Canada's largest city
Canada's largest city is considering a plan that would make it easier to build five- and six-unit low-rise building multiplexes, including units to own or rent, across residential ...
RioCan transitions its joint venture with HBC into receivership
Ontario court approves REIT's application to appoint FTI Consulting Canada as receiver of partnership's properties
Canada's oldest real estate investment trust said it will keep managing its joint venture properties with retailer Hudson's Bay Co. as the partnership is now in receivership.
BSR apartment REIT sees slight drop in rents
Despite reduction, executives at Canada-traded firm see 'many attractive growth opportunities in the Texas Triangle'
BSR REIT, an apartment real estate investment trust that trades on Canada's largest stock exchange, says rents for its residential rental properties are dropping.
LL Bean to open 16th location this fall in Canada
Outdoor apparel retailer commits to Manulife Centre in downtown Toronto
L.L.Bean plans to open its 16th location in Canada after agreeing to a deal that calls for the U.S.-based retailer to locate in the refurbished Manulife Centre in downtown Toronto.
Crown Realty CEO to retire at end of the month
Trio of managing partners set to replace Les Miller at commercial property firm
Crown Realty Partners, a firm that owns, leases and manages and redevelops commercial property across the country, said its CEO will retire at the end of the month.
CMHC sees growth in multifamily market as loan insurance volume grows
Crown corporation issues quarterly results as rents continue to fall
Canada Mortgage and Housing Corp. said it continues to see strong growth in the multiunit residential market as its loan insurance volumes grow, an increase in activity that comes ...
Bank of Canada holds interest rates steady as real estate industry looks for more cuts
Reduction would have helped energize country's moribund property market, professionals say
The Bank of Canada held its overnight lending rate steady in a move that left some property industry professionals unsatisfied and looking for further reductions.
Oxford Properties now owns Vancouver's tallest office tower
Pension fund giant closes $730 million deal with CPPIB that also includes six other buildings
The Canada Pension Plan Investment Board, Canada’s largest pension fund, has completed the sale of its 50% stake in seven Class A office properties in downtown Vancouver and Calgar...
Clifton Blake merges with Metropolitan Commercial Realty
Investment management company looks to align with brokerage firm
Real estate investment and asset management firm Clifton Blake is merging with Metropolitan Commercial Realty, a company that is being rebranded as CB Metropolitan Commercial.
New home sales in Toronto plunge to 35-year low
Builders seek tax breaks after drop in purchases including houses, condo apartments
New home sales in Canada's largest city reached a low not seen since 1990, prompting Toronto area homebuilders to call on the federal government to expand tax exemptions for purcha...