Greater Toronto
Asking apartment rents continue to declineLease rates dropped for eighth straight month on an annual basis in May, according to a Rentals.ca and Urbanation survey.
CoStar Insight
Housing shortage crisis has quickly turned into an oversupply problemWith lower demand, the inventory of unsold homes has increased by over 400% in the past two years.CoStar Insight
Increased demand for energy could underpin sustainability initiatives in industrial real estateAs industrial tenants increasingly adopt automation, robotics and AI-driven systems, access to reliable and scalable power has emerged as a critical driver in site selection. What ...Canada Infrastructure Bank strikes deal with Scotiabank to expand building retrofit programThe program will enable the financial institution's commercial property customers to access low-cost financing for upgrades, the partners said.
Metropia's Howard Sokolowski earns lifetime achievement awardThe Building Industry and Land Development Association bestowed its highest honour on the veteran property professional.
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.
More News
Global Report
CoStar World News for June 12Sustainability drives Australian hotel lending; UK Chancellor bets big on affordable housing; French retail real estate reboundsReady to make acquisitions, Brookfield Asset Management names new CEO for real estateOne of the world’s biggest property owners has raised $16 billion to try to get bargains.
Spending Review: Chancellor 'bets big' with massive commitments on housing, defence and transportThe industry has been initially upbeat about the Review's impact on real estate.
Drugmakers plan $270 billion in US manufacturing investmentMassive commitments by multinational corporations could bring a biotech 'mini-renaissance' as tariff pressures mount, according to a new JLL report.
CoStar Insight
Former Nordstrom Vancouver store plans show possibilities for urban Hudson's Bay spaces nationwideCadillac Fairview has revealed draft plans for carving up the former store in the centre of downtown.Australia's hotel owners increasingly turn to sustainability-linked loansHotel development loans linked to sustainability milestones are relatively new in Australia but are on the rise.
Colliers acquires global infrastructure bank as it bulks up business linesThe deal to buy a controlling interest in Astris Infrastructure is expected to close in the third quarter.
British Columbia sets new construction targets to ease housing shortageThe province said builders have added more than 16,000 units across 30 municipalities under the new Housing Supply Act.
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.
Analysis
More lenders than ever targeting UK property but with fewer deals to lend againstSavills' annual financing review finds US tariffs less of a concern than the UK's economic frailty.Will thousands of homes Google promised the Bay Area ever get built? Its latest move raises doubt.The search firm is walking away from a sprawling mixed-use proposal near its headquarters in Mountain View, California.
British Columbia rejects property industry call to ease short-term rental clampdownA trade group is warning that the new rules on vacation rentals are also eliminating accommodations for film, construction and healthcare workers.
CoStar Insight
First-quarter stockpiling drives faster-than-expected growth in Canada's economyThis is likely to keep the Bank of Canada holding interest rates steady, even though the domestic economy needs more support.Exclusive
Behind Accor's plans to expand its hotel business in India through partnershipsFollowing a recent agreement with and investment in hotel firm Treebo and an expanded, strengthened partnership with conglomerate InterGlobe, Accor underscores its strategy of adding 300 hotels in India across all segments.Podcast
Hong Kong hotel performance a mixed bag, even amid high occupancy levelsSTR's Jesper Palmqvist joined the Hotel News Now podcast to discuss hotel performance in Hong Kong year to date along with other trends in the Asia-Pacific region.‘Nobody wants to swim with their coworkers’: When outdated amenities have to goLandlords replace perks including a pool and an old-school boardroom to lure tenants.
ICSC Las Vegas
Tariff-induced uncertainty may disrupt retail market if consumers feel pain, JLL executive saysIn this video interview, the firm's president of retail advisory services, Naveen Jaggi, said he feels good about the outlook of the sector.Empty homes tax comes to small town CanadaCanmore in Alberta has joined far-larger Vancouver, Toronto and Ottawa by imposing a vacant home levy for those who spend fewer than 183 days at their residence.
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.
ICSC Las Vegas
Retail space shortage 'shocking,' Colliers executive saysIn this video interview, the firm's national director for retail, Anjee Solanki, describes how she sees high demand leading to waiting lists for spots at some centers.CoStar Insight
Headline inflation falls back sharply on lower gas pricesDespite a drop in the consumer price index in April, a surprising jump in core inflation dashes hopes for an interest rate cut next month.ICSC Las Vegas
From doggy day care to ethnic grocers, a wave of fresh retailers expandsLegacy tenants are getting replaced by businesses related to shifting consumer priorities.Historically preserved Nantucket resort captures imagination of renowned author's fan baseAcross her 30 novels, Elin Hilderbrand has introduced her readers to both the island and a 134-year-old hotel.
ICSC Las Vegas
As US downtowns shed office workers, officials shop retail solutionsLegislators and economic development heads across the United States have landed at ICSC to fulfill their ground-floor strategies. Crown Estate and Lendlease formalise £24 billion joint ventureThe agreement marks a major statement of intent from the King's property company.
Residential construction starts soar but market faces more challengesThe economic uncertainty will affect housing supply and demand, the Canada Mortgage and Housing Corp. said.
Montreal preps for annual auto race that pushes hospitality revenue into overdriveThree hotels have opened in time for the Formula 1 Canadian Grand Prix, the country's biggest tourism event.
International News
United Kingdom
April GDP falls 0.3% as US tariffs and tax changes take toll
United Kingdom
United Kingdom
Deal sees Tristan now own more than €1 billion in hotel assets
United Kingdom
United Kingdom
Yoo Capital and Deutsche Finance score world's most-watched football league
United Kingdom
Spain
The Vivia residential platform comprises 10 assets in Spain
Spain
France
According to our information, the other assets in the Project Echo portfolio have been withdrawn from market
France
Italy
Owner Gruppo Statuto acquired the hotel in October 2023 for €245 million
Italy
United Kingdom
Split follows launch of international business by US-based residential giant
United Kingdom
Podcast
Podcast
Hong Kong
Occupancy is up 4% while average daily rate is down 4%
Hong Kong
CPP Investments is putting 300 million Australian dollars into a debt fund created by United States-based Nuveen.
Cyclic Materials to establish rare earth recycling operation in Ontario
The operation will produce material for magnets used in EV motors, wind turbines and consumer electronics, the company said.
Wyndham eyes site near Vancouver’s Granville Island for extended-stay hotel
The mass-timber constructed hotel could be the global hotel giant’s first WaterWalk-branded property in Canada.
Hydro-Québec CEO Michael Sabia to leave post, join federal government
Prime Minister Mark Carney has named the province's top electricity executive to serve as clerk of the Privy Council.
US tourism expected to take a hit as Canadians increase trips to other countries
The U.S. Travel Association estimates that a 10% drop in tourism from Canada would lead to about $2.1 billion in lost spending and threaten 140,000 tourism-related jobs.
International News
United Kingdom
April GDP falls 0.3% as US tariffs and tax changes take toll
United Kingdom
United Kingdom
Deal sees Tristan now own more than €1 billion in hotel assets
United Kingdom
United Kingdom
Yoo Capital and Deutsche Finance score world's most-watched football league
United Kingdom
Spain
The Vivia residential platform comprises 10 assets in Spain
Spain
France
According to our information, the other assets in the Project Echo portfolio have been withdrawn from market
France
Italy
Owner Gruppo Statuto acquired the hotel in October 2023 for €245 million
Italy
United Kingdom
Split follows launch of international business by US-based residential giant
United Kingdom
Podcast
Podcast
Hong Kong
Occupancy is up 4% while average daily rate is down 4%
Hong Kong
Categories
