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February 6, 2026
Edmonton developers advance 183‑unit apartment project near transit
A consortium of real estate investors has put shovels in the ground at a long‑vacant site in Edmonton as the group moves ahead with plans to build 183 apartments in two six‑storey buildings in the first phase of a mixed‑use project that will add new rental supply to a fast‑growing market.
February 6, 2026
Demolition for Montreal's Molson Brewery redevelopment reaches milestone
The massive transformation of one of Montreal’s most storied former industrial sites is two weeks from completing heavy demolition. Daniel Arbour, vice president of major projects at project partner Mach Group, describes the landscape of the former Molson Brewery as a “war zone” of industrial remnants.
February 6, 2026
Avison Young bolsters growing Toronto office leasing practice
Avison Young has picked principal and Senior Vice President Andrew Boyd to lead its Toronto office leasing practice.
February 6, 2026
Amazon tops rivals with $200 billion in planned AI real estate spending
Amazon expects to spend $200 billion on data centers and other equipment this year, topping its big technology rivals in a spending spree to build out artificial intelligence networks.
February 5, 2026
Build Canada Homes opens door to applicants as funding rollout begins
Canada’s new $13-billion housing agency is ready to start handing out money.
February 5, 2026
Forager set to start work on small-bay industrial complex in popular Scarborough market
Developer Forager is set to break ground on an industrial condominium project in one of Toronto’s most popular nodes where new small-bay space can be hard to find.
February 5, 2026
Colliers buys California transit firm to boost engineering business
Colliers has acquired Ramos Consulting Services, an engineering and construction management firm that has worked on some of California’s largest transit projects.
February 5, 2026
Industry calls for Ontario to allow single-stair multifamily dwellings
The Ontario Building Code is due for an update that could spur the development of more so-called missing-middle housing — lower-density dwellings from garden suites and rowhouses to stacked townhomes and mid-rises, some real estate professionals say.
February 5, 2026
Alberta’s economic picture reflects cautious optimism
Continued population growth, robust energy production and expanding investment in emerging industries are supporting a cautiously optimistic outlook for Alberta’s economy over the next two years.
February 5, 2026
Victoria hotel sells for $41 million amid strong outlook for BC hospitality investment
A 1970s-era hotel in Victoria sold for $41 million in the latest example of strong investor demand for hospitality properties in British Columbia, where there's a shortage of hotel rooms.
February 4, 2026
CoStar World News for Feb. 5
February 4, 2026
Brookfield Asset Management promotes Connor Teskey to CEO, posts record results
Global alternative asset manager Brookfield Asset Management named company executive Connor Teskey as its CEO as the investment giant reported record fourth-quarter earnings and said it sees rising deal activity this year.
February 4, 2026
Developer lands $3 billion to finance North American data center pipeline
A data center developer backed by institutional capital has lined up $3 billion in financing to accelerate the buildout of data centers across North America as demand from cloud and artificial intelligence companies surges.
February 4, 2026
Colliers expands global engineering business with acquisition of Spanish company
Colliers is set to expand its engineering business across the globe with the acquisition of a major Spanish firm.
February 4, 2026
Canadians are saving more and spending less
As more spending and wage figures become available, it is clear that the primary drivers of the Canadian retail property markets are changing. Consumers, concerned about current and near-term economic conditions, are increasing their savings and dialling back spending.
February 4, 2026
Brookfield in talks to sell London tower Citypoint
Brookfield is in talks to sell London’s CityPoint office tower for around £455 million, or around the value of the outstanding debt secured against it, according to a Bloomberg report.
February 3, 2026
Landlord Simon Property expects to hike rents at former Saks Off 5th stores
Simon Property Group has found an upside in Saks Global's bankruptcy, saying it expects to collect significantly more in rent from tenants who will fill space in closed Saks Off 5th stores. And there's another potential bright spot: The mall owner's $100 million investment in the luxury giant in 2024 gave it control of real estate that's in short supply.
February 3, 2026
Group linked to Ciancone family makes major move into Montreal hotel market
A company controlled by a well‑known Ontario real estate development family now owns the Omni Mont‑Royal hotel.
February 3, 2026
Leyad reports strong leasing as retail landlord weathers Hudson’s Bay fallout
Montreal-based Leyad says it's leased more than 600,000 square feet of retail space at its shopping centres in deals that include filling over 80% of the vacancies created by Hudson’s Bay Co. filing for protection from creditors.
February 3, 2026
OpenAI more than quadruples Seattle hub in latest boost to US real estate
One of the largest names in the artificial intelligence slice of the tech industry is getting even bigger, delivering its latest boost to a recovering office market with a deal to more than quadruple its Seattle-area hub.

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