Greater Toronto
Breaking News
US apartment giant to buy Canada's Dream Residential REITMorgan Properties is set to gain 3,300 multifamily units in the deal with the Toronto real estate investment trust.
Rent controls can do more harm than good, CMHC says in reportA new housing agency report is asking provinces to encourage new construction rather than limit rent hikes.
H&R sells heritage property office tower with plans to be converted into condosThe new owner acquired the right to add six floors to the Canadian Pacific Building in Toronto.
BSR REIT buys apartment complex in fast-growing city near DallasThe United States firm that trades on Toronto Stock Exchange bought a 368-unit multifamily property in Celina, Texas.
Rogers to sell nine data centres to UK firm to help pay off debtInfraRed Capital Partners, an arm of Sun Life Financial, struck a deal to purchase the Canadian facilities.
Developers move forward with long-discussed plan to build downtown Toronto high-risesDream and CentreCourt join forces to build 1,226 multifamily units in a twin-towered project at 49 Ontario St.
More News
Online car seller reopens Vancouver-area facility after hitting brakes on expansionToronto-based Clutch looks to resume growth after funding cuts spurred layoffs and closed facilities in 2023.
Property deal enables Canada's largest documentary film festival to continueThe new owner of century-old Toronto theatre is leasing the cinema back to the Hot Docs event.
Power Brokers
Top sales and leases recognized in CanadaBrokers wrap up big real estate deals in second quarter.Canadian property pros brace for Friday's tariff deadlineThe trade war with the United States has resulted in challenges sourcing construction materials, a builders group said.
Colliers rebrands and reorganizes investment management divisionThe brokerage is bringing several companies together as Harrison Street Asset Management.
Crews set to demolish Canada's second-tallest freestanding structureMining company Vale said it would take five years to dismantle the landmark smokestack that has long hovered high above Sudbury, Ontario.
CoStar Insight
Inflation, lack of policy clarity likely to keep Bank of Canada on an extended sabbaticalAny hope for a real estate recovery pinned on lower interest rates is quickly evaporating.Asking rents for apartments moving in different directions in Canada's major marketsRental rates are seen falling in Vancouver, Calgary and Toronto while rising in Edmonton, Ottawa and Montreal.
US threatens Canada with 35% tariffs on importsPresident Donald Trump cites the Canadian dairy import policy and fentanyl as central issues in trade war
Vancouver mall scores one of largest financing deals this year in Western CanadaCity Square Shopping Centre has secured a $100 million loan.
Guinness World Records recognizes mark set by Canadian solar panel facade makerMitrex Solar aims to lower buildings' energy costs in Canada, the United States and Middle East by up to 30% by capturing sunlight and converting it to power.
Canada may need to double housing construction to regain affordabilityA major bank suggested an increase would require a "revolution" in completions.
Canada's top-performing mall seeks to solve Hudson's Bay vacancyOxford Properties is examining its options for backfilling the empty boxes left by the iconic retailer at its Yorkdale Shopping Centre and other malls.
Cadillac Fairview relies on its eateries to boost profitabilityTasty food offerings were cited as an important ingredient for success as the landlord dominates list of Canada's top money-making shopping malls.
Toronto and Vancouver see major declines in multifamily housing starts so far in 2025Montreal and Calgary have shown healthy growth in new multiunit builds from January through May.
Canada's federal government employees increasingly follow back-to-office orderOttawa's staff is complying in greater numbers with instructions to return to their desks three days a week.
Federal Competition Bureau takes aim at retail property controlsNew guidelines seek to discourage leases banning landlords from renting space to competitors.
Large pension fund, CT REIT take on $200 million Canada Square office retrofitCanadian Tire Corp. partnered with Oxford Properties and signed a 20-year lease for high-profile headquarters space at the midtown Toronto complex.
Toronto considers allowing more six-unit apartment buildingsCity officials look to boost affordable housing in Canada's largest city.
Bank of Canada holds interest rates steady as real estate industry looks for more cutsA reduction would have helped energize the country's moribund property market, professionals said.
Water systems, modular housing to receive funding in Ontario's new $232 billion budgetOttawa Premier Doug Ford's plan aims to build 1.5 million homes by 2031.
Bidders step up in quest for Hudson’s Bay assets, leasesLiquidation sales continue at dozens of Canadian stores.
Choice Hotels CEO: Our Canadian business is CanadianPatrick Pacious also told a hotel conference in Toronto that the company sees opportunity in the extended-stay segment.
International News
United Kingdom
GDP rose 0.3% in Q2 2025, a marked slowdown from the previous quarter but ahead of expectations
United Kingdom
Canada
OTTP joins other pension funds saying property investments are hurting performance
Canada
Exclusive
United States
Abercrombie & Fitch London flagship set to change hands
United States
South Korea
Former owner Samjeong collapsed following Busan hotel fire, deaths
South Korea
United Kingdom
Bank rate falls to 4% in move that should increase investment, experts said
United Kingdom
France
CoStar's teams across the globe compare and contrast the half-year investment figures
France
CoStar Insight
United States
No clear consensus emerges on how AI will reshape office demand
United States
United Kingdom
Occupancy rates are above pre-pandemic levels in only one city
United Kingdom
The Toronto region saw multifamily construction starts slip by 71% in July, while Montreal's totals rose by 241%.
Starlight breaks ground on biggest apartment project in Victoria, Vancouver Island
The developer has started work on the 1,500-unit rental project dubbed Harris Green Village.
CoStar World News for Aug. 21
South Korean hotel firm acquires distressed resort; UK government considers new tax on homes; French investor buys outlet centers from Blackstone
British Columbia leaders reject call by real estate developers to ease foreign buyer ban
Premier David Eby said "We're not going back" to rules that allowed rampant speculation.
CoStar Insight
What's behind the uptick in Calgary office condo sales?
Office tenants are turning to the condo market, seeking a potential hedge against increasing occupancy costs.
International News
United Kingdom
GDP rose 0.3% in Q2 2025, a marked slowdown from the previous quarter but ahead of expectations
United Kingdom
Canada
OTTP joins other pension funds saying property investments are hurting performance
Canada
Exclusive
United States
Abercrombie & Fitch London flagship set to change hands
United States
South Korea
Former owner Samjeong collapsed following Busan hotel fire, deaths
South Korea
United Kingdom
Bank rate falls to 4% in move that should increase investment, experts said
United Kingdom
France
CoStar's teams across the globe compare and contrast the half-year investment figures
France
CoStar Insight
United States
No clear consensus emerges on how AI will reshape office demand
United States
United Kingdom
Occupancy rates are above pre-pandemic levels in only one city
United Kingdom
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