Retail real estate looks strong, but clouds may be starting to form
Challenges loom across country as disposable income dwindles
Some of Canada’s biggest retail landlords, including RioCan Real Estate Investment Trust, Choice Properties and First Capital, have posted strong earnings pointing to the strength ...
Groupe HD, Société Financière Bourgie plan to build apartments in suburban Montreal
Construction on 175-unit West Island project expected to start in summer
Groupe HD and Société Financière Bourgie are moving forward with a 175‑unit purpose‑built rental apartment project, marking another investment in Montreal’s West Island, where cons...
Walmart's $6.5 billion nationwide spending initiative gains momentum
US retail giant funds Canada construction projects
Walmart pledged one year ago to invest $6.5 billion in Canada, or approximately $ 4.7 billion in U.S. dollars. That pledge is taking shape in the funding of several new facilities,...
Construction firm sees business pick up after high-profile build
Lemny co-founder says company has hands full after Montreal's Maestria skybridge
One of Montreal’s newest construction firms has found itself so busy that it says it's turning down business as it works to finish a slate of projects across the city.
Federal push to slow immigration has government filling fewer hotel rooms
Bookings to house asylum seekers drops, figures show
Federal efforts to slow immigration have led to the Canadian government no longer filling hotel rooms as it did just a couple of years ago, and a new government initiative looks to...
Never-used Airbnb offices in Montreal to become apartments
Five-year-old building on Lachine Canal to get residential retrofit
Mach Group’s showcase Montreal office property at 1720 Canal Street, a 151,300-square-foot building completed in 2021 on the scenic Lachine Canal that was built for Airbnb at a cos...
YULiv and Armoyan buy Balfour Building in Montreal
New ownership plans to keep landmark property as office space
Montreal developer YULiv has made its highest profile purchase yet. It bought the historic Balfour Building, an office landmark at 3575 Boulevard Saint-Laurent.
Forum proceeds with retail and residential project near Edmonton
Full build-out of Legacy Park in Spruce Grove expected by 2030
Retail construction in Canada has slowed in recent years, but Forum is moving ahead with a mixed-use development west of Edmonton that combines rental housing and retail space in o...
How much housing does Canada need? It depends on whom you ask.
CMHC says 5 million units, PBO estimates 3.2 million
The stalled redevelopment of Montreal’s Bridge-Bonaventure sector, a stretch of aging warehouses and industrial lots where consultations began nearly a decade ago, reflects Canada’...
Greater Montreal area attracts major apartment development
Groupe HD, Capital Property Developments, Kastello plan to construct complex with 525 units in Longueuil
Groupe HD, Capital Property Developments and Kastello are showing continued optimism in the Montreal housing market with their plan to build a 525‑unit rental complex in Longueuil.
CPP Investments forms $3 billion partnership to invest in last-mile warehouses
Pension fund teams with Dream Industrial to buy logistics properties
Canada Pension Plan Investment Board is making one of its largest recent bets on domestic real estate with a $3 billion joint venture targeting last-mile industrial assets, a move ...
Montreal developer Brasswater buys Mont Tremblant retail village, plans to improve the resort destination
Firm originally sought property several years ago
The sale of the iconic retail village at the base of Eastern Canada’s Mont Tremblant ski resort has crossed the finish line as Montreal-based Brasswater, led by founder Ian Quint, ...
Canada shoppers face first holiday season without Hudson's Bay since 1881
Demise of iconic retail institution is felt by shoppers who lament chain's absence
On a bitterly cold December day in Montreal, the Hudson’s Bay flagship at 585 Sainte Catherine Street West sat eerily quiet as the building with hundreds of thousands of square fee...
Avison Young adds three principals to Ontario occupier services team
Toronto-based trio recruited from Savills
Commercial real estate adviser Avison Young has appointed Jarrod Bogler, Howard Bogler and Elliot Greenberg as principals and senior vice presidents on its Ontario occupier service...
Canada's high-speed rail to begin with Montreal-Ottawa link
Construction of initial segment expected to begin in 2029
After years of speculation, Canada's federal government is moving ahead with plans to construct the country's first high-speed rail network, a project that's set to be one of Canad...
Renters see more options as Canada's apartment vacancy rate rises to 3.1%
Government-backed programs speed construction of purpose-built rentals
Canada’s housing crisis has begun to ease as the national apartment vacancy rate has increased to 3.1%, above the threshold that the Canada Mortgage and Housing Corporation says in...
Prével moves forward on project after years of discussions with locals
Developer begins work to bring over 1,000 residential units to Montreal's West Island
Construction has begun on Prével’s Lacey Green development in Kirkland, following a process that commenced in 2019 and involved months of consultation with local authorities and re...
CanFirst buys Guelph warehouse portfolio with new investment fund
Industrial vacancy increases in Greater Golden Horseshoe
CanFirst Capital Management has acquired four industrial properties in Guelph’s Southgate Business Park as it seeks out warehouses and logistics facilities through its new investme...
Bank of Canada holds rates steady as property pros seek resumption of cuts
Overnight rate to be kept at 2.25%
The Bank of Canada's decision to keep its overnight rate at 2.25% prompted commercial real estate professionals to say they are already looking forward to when cuts can resume.
Place du Commerce sale reflects allure of Montreal's expanding transit system
IWP planning to build over 1,000 residential units after buying South Shore property
The area around the REM Panama rapid transit station on Montreal’s South Shore is drawing interest from developers as several look to acquire and redevelop properties near the tran...