New tax adds unexpected expense to development near metro stations in Montreal, developer says
Mach Group 'shocked' by levy after years of discussions, planning for major project near future metro station
A real estate development company says that it was blindsided by a new tax on projects within one kilometre of the upcoming blue line metro station extension in Montreal, as Mach G...
Crombie REIT picks up trio of retail properties in Atlantic Canada
EM Real Estate sells outlets leased to Sobeys grocery store chain
EM Real Estate, a Montreal company that holds a significant portion of its real estate assets in Atlantic Canada, has sold three retail properties in the region to Crombie Real Est...
KingSett scores downtown Montreal office tower in slow sales market
Busac sells 24-floor building it acquired almost 30 years ago
A downtown office building best known for standing cheek-to-jowl with Montreal’s celebrated Place Ville Marie office and retail complex has a new owner amid a sluggish sales period...
Decathlon to close five Toronto-area sporting goods stores
French chain to cease operations in Vaughan, Brampton, Burlington, Markham and Scarborough, considers opening smaller stores
Decathlon is closing five of its 20 stores in Canada, all in the Toronto area, after the French sporting goods chain expanded aggressively following its arrival in 2018.
Manufacturers pump brakes on Canada's emerging EV parts industry
Honda's plant near Toronto, Northvolt factory near Montreal face business challenges
Canada’s aim of becoming a global leader in electric vehicle parts production has proven unexpectedly difficult as progress on factories near Toronto and Montreal has stalled, leav...
QuadReal plans residential revamp of North Vancouver Mall
Pension fund's project would add more than 2,400 units in 11 towers at Capilano Mall
QuadReal Property Group, the real estate division of British Columbia’s largest pension fund, is seeking final approval from municipal authorities to build 11 residential towers, w...
Westmount ponders allowing high-rise residential towers in suburban area bordering Montreal
In a city most in need of new housing, a building owner said density is needed to effect real change after previous incentives failed to attract redevelopment
Westmount, one of Canada’s wealthiest cities, is planning new rules to permit developers to build residential structures stretching up to 29 floors high in an area where the high-e...
Small developer given big job of revamping Montreal landmark
Residia selected to build 17- and 25-floor towers at former institute for the deaf
For the second time this year, government authorities have selected a small Montreal real estate developer to take on the major task of building residential high-rises on a long-va...
Canada's top-performing mall seeks to solve Hudson's Bay vacancy
Oxford Properties studies options for backfilling empty boxes left by iconic retailer at Yorkdale Shopping Centre, other malls
The demise of the Hudson’s Bay department store chain has left a big empty space for Oxford Properties at its Yorkdale Shopping Centre, Canada’s most profitable mall.
PSP Investments breaks even on real estate assets for past year
Montreal-based federal worker pension fund posts 0% annual investment return on property investments
The Public Sector Pension Investment Board reported losing no money for its government employee contributors on its real estate assets last year in a tough market, as the Montreal-...
Cadillac Fairview relies on its eateries to boost profitability
Tasty food offerings cited as landlord dominates list of Canada's top money-making shopping malls
Mall food needs to be good, Lillian Tummonds says. She adds that successful menus are a central ingredient to Cadillac Fairview's success in dominating an annual survey of Canada's...
Toronto and Vancouver see major declines in multifamily housing starts so far in 2025
Montreal and Calgary, in contrast, show healthy growth in new multiunit construction starts between January through May
New multifamily builds slowed significantly in Ontario and British Columbia from January through May 2025, while rising at a brisk pace in Quebec and Alberta.
Ivanhoé Cambridge's name changing to La Caisse
CDPQ pension fund's real estate arm gets a 'distinctive identity'
Ivanhoé Cambridge is phasing out its name. The Caisse de dépôt et placement du Québec is changing the name of its real estate arm to La Caisse in a process that began at the start ...
Primaris strikes deal to buy the Lime Ridge Mall in Hamilton for $416 million
Cash-and-equity deal sees Cadillac Fairview divest one of many former Hudson's Bay store locations
Primaris Real Estate Investment Trust has struck a deal to buy the Lime Ridge Mall in Hamilton, Ontario, from Cadillac Fairview for $416 million, the latest purchase by the REIT to...
Canada's federal government employees increasingly follow back-to-office order
Ottawa's staff complies in greater numbers with instruction to return to desks three days a week
Canada’s federal government employees are increasingly complying with an order issued last September requiring them to work at least three days a week from their offices.
Riocan, Harden reboot remaining retail section of shopping centre in Montreal suburb
Rosefellow's deal to replace shopping space with warehouses sparks Laval property's rebirth
The Méga Centre Notre-Dame shopping centre in the Montreal suburb of Laval has slimmed down considerably since a $75 million deal that saw co-owners Riocan and Harden sell a 27-acr...
Ivanhoé Cambridge defaults on New York City office tower
Firm's debt on 85 Broad in Manhattan transferred to special servicer, Bloomberg reports
Ivanhoé Cambridge, the real estate arm of the CDPQ Quebec pension fund giant, is in default on its mortgage debt on its office tower at 85 Broad St. in Manhattan.
Hydro-Québec CEO Michael Sabia to leave post, join federal government
Prime Minister Mark Carney hires province's top electricity executive to serve as clerk of the Privy Council
Michael Sabia is leaving the top post at Hydro-Québec next month to become clerk of the Privy Council and secretary to the Cabinet of the Government of Canada as part of Prime Mini...
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, to ...
US tourism expected to take a hit as Canadians increase trips to other countries
US Travel Association estimates a 10% drop would threaten 140,000 tourism-related jobs
Canadians are taking fewer trips to the United States and choosing other destinations to visit in the wake of disputes over tariffs and concerns about immigration.