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...
Montreal's Sherbrooke Street West ranks as one of world's coolest corridors
Here's a look at some of its noteworthy buildings
Montreal's Sherbrooke Street West has ranked fifth on Time Out magazine's list of the world’s coolest streets for its “mix of historic charm and modern energy, where museums, bouti...
Fairstone, National Bank to buy out large commercial real estate lender Laurentian
Sale to divide operations between the two purchasers
After 178 years, large commercial real estate lender Laurentian Bank of Canada will cease operating as its own bank as the Canadian institution that generations have relied on for ...
Municipal development charges cited as significant cost for builders
Fees vary widely across country, can represent sizable share of price of new residences, CMHC report finds
Some developers are saying municipal development charges have put a stick in the spokes of their real estate projects in Canada, just as Ottawa pushes for a surge in construction, ...
Costco land purchase draws attention in Laval
Cinema chain bankruptcy opens door to possible big box retail outlet
Private real estate land transactions don't often generate a lot of buzz on social media, but Costco's recent purchase of a plot of land in Laval, Quebec, that was previously earma...
Nokia gets moving on major Ottawa expansion
Finnish tech giant starts work on $340 million Kanata facility it announced in 2022
Three years after first announcing plans for the project, Nokia Canada has started construction on a plan to convert much of its existing 26-acre campus in Ottawa’s Kanata North Te...
Asking apartment rents fall in Canada's three biggest cities
Landlords in Toronto, Vancouver, Montreal see drop in listed monthly rates
After years of steep rent hikes driven by tight vacancy rates and fierce competition for housing, apartment landlords in Canada’s three largest cities are cutting asking rents to a...
Desjardins buys high-profile Toronto office tower
KingSett sells 70 York St. for $134.6 million
In a signal of recovery for the downtown Toronto office market, a pair of Desjardins’ investment funds bought the former HSBC Building in Toronto’s financial center from KingSett C...
Canada's industrial properties are weathering the tariff storm
Calgary's warehouse market heats up while Southwestern Ontario's and Montreal's cool
Although some real estate analysts expected trade tariffs imposed by the United States on goods from Canada to noticeably disrupt the country's industrial market, the sector is eff...
Tech companies snap up Toronto office space
Canada's largest city sees increased leasing activity among fast-growing firms
Tech companies have been increasingly active in filling offices in Toronto, according to a new study.
After revival under new ownership, Toys R Us quietly shuts dozens of stores in Canada
Only 40 of 103 locations remain in operation
Canadian billionaire Doug Putman’s plan to sell toys is proving a challenge, as his bid to revive Toys R Us Canada has encountered resistance from shifting consumer habits. As a re...
ATB Financial to move into former Suncor offices in Calgary
Edmonton-based financial firm to consolidate scattered workspaces into twin towers
ATB Financial plans to relocate its Calgary operations into the former Suncor offices at Suncor Energy Centre, a landmark twin-tower complex at 150 Sixth Avenue SW.
Hydro-Québec generates more space as provincial electrical giant acquires another industrial property
Brasswater capitalizes on sale of warehouse south of Montreal
Montreal real estate developer Brasswater has capitalized on a warehouse south of Montreal, thanks to a need for such facilities at Hydro-Québec, the electricity giant that is inve...
Developer buys air rights at CFL stadium site in Ottawa
Mirabella Development plans towers at home of Redblacks football team
What's the value of the air next to the field where the Canadian Football League's Ottawa Redblacks play? It's $65 million.
Peakhill Capital expands into US mortgage banking with acquisition
Toronto-based real estate financing firm buys Venture Commercial of Minnesota
Peakhill Capital, a commercial real estate asset manager, has expanded its reach into the United States with the acquisition of Venture Commercial Mortgage, a firm that arranges pe...
Canada's commercial property investors prefer US real estate despite lingering trade dispute
Data storage facilities replace office buildings as preferred sector among firms investing in property south of the border.
Canadian-based commercial property investors remain committed to U.S. real estate, defying predictions that political uncertainty and tariff tensions could curb cross-border invest...
H&R REIT finds buyers for more than a billion dollars in properties from Toronto to Houston
Round of pending sales kicks off company's quest to unload one-quarter of its portfolio
H&R Real Estate Investment Trust, a company that plans to sell a quarter of its portfolio, said it has struck several deals with buyers for some of its major retail and office prop...
Oak View Group's bet on downtown Hamilton goes live
Paul McCartney kicks off city arena's reopening as TD Coliseum after $290 million remake
Oak View Group has completed a $290 million renovation of Hamilton’s 40-year-old downtown arena that reopened last week with the occasion marked by a Paul McCartney concert.
Calgary working to create next wave of downtown office conversions
City provides funding intended to help transform almost 1 million square feet into nearly 1,000 homes
Calgary has been one of the most aggressive Canadian cities in supporting office-to-residential conversions as it looks for ways to help address the city's high downtown office vac...