Edmonton City Centre, a mixed-use complex with retail and office space, has been placed under receivership after its owners failed to keep up with loan payments.
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-end suburb meets downtown Montreal.
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 appropriate amount despite half being underused or vacant.
British Columbia's largest real estate organization has called for more exemptions to short-term rental rules as the province begins to clamp down on listings by platforms such as Airbnb ahead of the busy summer travel season.
As the saying goes, 'What a difference a day makes.' This week in Montreal, a proposed 525-unit residential project on Nuns Island that was left for dead after being rejected by a borough mayor won a reprieve one day later.
Financial problems are brewing for The Second Cup Coffee Company. The global chain that controls 170 coffee shops in 20 countries from Pakistan to Egypt has filed for creditor protection in Ontario after company directors said the firm cannot repay a $8.9 million debt owed to creditor Arbat Capital Group.
Some homeowners in the town of Canmore, Alberta, are bracing for new rules taking effect at the start of 2026 that require owners of houses occupied for less than 183 days to pay an extra $4,200 per year on average to the municipality.
The initial pitches for developing a national motion picture incentive program and a proposed U.S. tariff on foreign films are getting a red-carpet reception from some industry stakeholders who hope they could help reverse a yearslong decline in American entertainment production.
Canada's election of the Liberal Party and Mark Carney, a former chair of property investor Brookfield Asset Management and one-time head of the Bank of Canada and Bank of England, to continue as prime minister could lead to changes in housing policy as the country faces affordability and supply challenges.
Development charges, the fees many Canadian municipalities levy on developers to cover the infrastructure costs associated with new projects, have been targeted by both major political parties in Canada during the election campaign after flying under the radar for many decades.
In an aging, empty federal office building in Washington, D.C., members of Congress argued over the best approach to manage the government’s large real estate portfolio as a watchdog agency said new data is expected to be collected this year that could assist in major decisions on the properties.
Canadians are set to go to the polls on April 28 as Prime Minister Mark Carney, a former chairman of major real estate investor Brookfield Asset Management, looks to lead the Liberal Party to a fourth victory in an election expected to include debate over property and taxation issues.
Christopher Wein isn't looking to boycott American products, but the chief operating officer of Canadian apartment developer Equiton says supporting business in his country matters more than ever now that the United States has officially started a trade war. So does having a supply chain he can count on.
The Progressive Conservative Party of Ontario cruised to a third majority government in Canada's largest province as Premier Doug Ford campaigned aggressively against the threat of tariffs implemented by the United States. The Conservatives also promised to deliver measures that would enable homes to be built more quickly.
WeWork and its landlord Almacantar have reached a settlement in a High Court battle over the co-working group's flagship 290,000-square-foot office in London.
Upcoming tariffs on Canadian imports into the United States are anticipated to wreak havoc on some urban areas north of the border, while other cities can expect to feel less harm from the trade taxes set to take effect next month.
Avison Young’s CEO Mark Rose doesn’t expect too much to change for real estate during the next four years as concerns begin to emerge in the industry about the potential effects of some of the new administration’s policies.