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May 15, 2026
Commercial investment in Toronto region rose 10% in first quarter
Total commercial real estate investment in the Toronto region increased an estimated 10% last quarter compared to the same time in 2025, with the biggest increases in multifamily and office property sales.
May 15, 2026
Honda shifted gears on a new EV plant in Alliston, revealing risk in housing development
New Tecumseth is a fast-growing municipality outside the northern edge of the Greater Toronto Area. Its largest community, Alliston, is anchored by a well-established Honda assembly plant that has underpinned the local economy and, by extension, residential development.
May 15, 2026
New group leader for property finance lawyers to focus on AI
James Papadimitriou is set to become the first Canadian to run the American College of Mortgage Attorneys, a North American group that includes the most senior real estate finance lawyers.
May 15, 2026
Retail property sector arrives in Las Vegas on sound footing as available space stays tight
ICSC Las Vegas kicks off May 18, bringing thousands of retail and real estate professionals together to compare notes on the effects of artificial intelligence, consumer bifurcation, and what higher energy costs mean for shoppers and retailers in the year ahead.
May 14, 2026
Broken retail leases are increasingly the subject of lawsuits as economy flags
With parts of Canada’s economy challenged, some retail tenants in the Toronto area have been struggling to pay rent, and a local lawyer expects the number of landlords that take legal action as a result to increase.
May 14, 2026
Tariffs, war with Iran drive up cost of office upgrades across North America
Global tariffs and the war in the Middle East are combining with elevated demand for high-quality workspace to boost the cost of office build-outs across North America.
May 14, 2026
Jesta bets on Toronto condos with initial bulk buy
A family-owned real estate firm based in Montreal has begun its first push into Toronto’s residential market, buying a bulk condominium portfolio downtown as the opening move in a larger $500 million investment strategy.
May 14, 2026
Office building in Montreal's Mile-Ex neighbourhood trades in court-appointed sale
Montreal-based Olymbec Development purchased the five-storey office building at 6600 Rue Saint-Urbain in Montreal through a court-appointed sale for $19.2 million, or approximately $120 per square foot. As part of the transaction, Olymbec assumed an existing $13 million loan tied to the property.
May 14, 2026
Direct store delivery firm buys Toronto industrial facility in owner-user deal
RNW Enterprises, a firm that provides direct store delivery services, shelf inventory management, and in-store supply forecasting for baked goods, purchased a single-story industrial property located at 205-215 Dolomite Dr. in Toronto from Quality Chemical Mfg.
May 14, 2026
One of Vancouver’s largest mixed-use developments set to open this month
Oakridge Park, a 28-acre redevelopment of one of Vancouver’s largest shopping malls seven years in the making, is set to open this month.
May 14, 2026
Montreal logistics occupiers show clear preference for modern space
Mirroring a trend seen in other markets and property types, logistics tenants in Montreal are increasingly gravitating toward newer facilities, a trend underscored by a sharp divergence in demand patterns by building vintage over the past few years.
May 13, 2026
CoStar World News for May 14
May 13, 2026
Judge halts La Caisse's effort to force sale of Montreal's Place Bonaventure
A Quebec judge presiding in the battle between two pension titans over the fate of one of Montreal’s largest commercial properties has blocked La Caisse’s attempt to take control of Place Bonaventure after co‑owner PSP Investments signaled it was prepared to hand back the keys.
May 13, 2026
GLR Properties buys apartments in Vancouver's Mount Pleasant area
GLR Properties, an independent rental management company heavily focused on acquisitions and renovations in such local areas as Mount Pleasant, East Vancouver and Burnaby, added the Prince Rupert Villa to its portfolio in a recent buy.
May 13, 2026
Simon Fraser University buys Vancouver-area parcel for Surrey campus expansion
Simon Fraser University acquired a 72% beneficial interest in a 1.32‑acre land parcel located at 10270 University Dr. in Surrey City Centre, British Columbia, from the City of Surrey Real Estate Services for $34.6 million, or approximately $26.24 million per acre.
May 13, 2026
KingSett-UPP venture targets urban industrial opportunities nationwide
Private equity real estate investment firm KingSett Capital and the University Pension Plan, a jointly sponsored defined benefit pension plan for Ontario university sector employers and employees, have formed a venture to acquire industrial properties in major Canadian markets.
May 13, 2026
Dunkin’ to bring its doughnuts back to Canada
Dunkin’ is preparing a return to Canada after signing a master franchising agreement with Montreal‑based restaurant operator Foodtastic to open hundreds of locations nationwide.
May 13, 2026
Sales of older apartments dominate Montreal investment activity
Montreal’s multifamily investors continue to target apartment buildings constructed before 1980, a segment with sheer numbers that dominate the market by accounting for roughly 75% of the city’s purpose-built rental inventory.
May 12, 2026
Fast-growing furniture brand Cozey to open first permanent US store
Fast-growing Canadian furniture retailer Cozey, founded in 2020 as an online-only brand, is opening its first permanent U.S. store in New York.
May 12, 2026
Edmonton’s population growth to continue to reshape rental demand
Edmonton’s population growth is neither new nor surprising, but its implications for the residential rental market are becoming increasingly clear.