News | Search

October 22, 2025
Federal government ends coworking deal with LAUFT
The federal government ended a $13.8 million contract with coworking startup LAUFT just months after the company opened its first site in Gatineau. LAUFT says it invested $2.5 million in the project and had to lay off approximately 15 staff members after the deal ended in September.
October 22, 2025
Calgary office tower falls into receivership again
Timbercreek Financial Corp. has moved to place Stephen Avenue Place, a 40-storey office tower in downtown Calgary, under receivership for the second time in two years.
October 22, 2025
CoStar World News for Oct. 23
October 22, 2025
Choice Properties sheds retail space near Edmonton
Choice Properties Real Estate Investment Trust says it sold a five-property retail portfolio in Spruce Grove, Alberta, as Canada’s largest publicly traded real estate investment trust shifts its focus to multifamily and industrial properties.
October 22, 2025
Crestpoint pays nearly $40 million for Mississauga flex portfolio
Pure Industrial, a Toronto-based a real estate developer owned by Blackstone and Quebec public pension fund La Caisse, sold a two-property industrial portfolio in Mississauga, Ontario, for $39.7 million to Crestpoint Real Estate Investments and Mantella Corp.
October 22, 2025
Bayes: UK commercial real estate lending surges driven by banks and development finance
New lending for commercial real estate in the first half of 2025 was 33% up on the same period last year, according to the latest six-monthly report from London's Bayes Business School.
October 21, 2025
Cost of housing out of reach for many young Canadians
Canadians aspiring to buy a first house or condominium could be forced to wait until they reach middle-age, especially in Vancouver, where the average buyer must save for over two decades to afford a down payment, according to a new report.
October 21, 2025
Marriott’s Oberg reflects on 40 years of hotel industry passion and hard work
MANCHESTER — With her retirement a few months away, Leeny Oberg, Marriott International’s chief financial officer and executive vice president of development, spoke at an industry conference, reflecting on her almost 40-year journey in the hotel and hospitality industry, including nearly 30 years at the world’s largest hotel firm.
October 21, 2025
European outbound hotel demand slides as inflation erodes Turkey’s price advantage
Amid government claims of booming tourism revenue and occupancies, hoteliers say the Turkish hotel industry is unstable as operators face rising costs, high inflation and staffing challenges.
October 20, 2025
Quebec City solidifies position as leader in housing price growth
Led by condominiums often rented as apartments, Quebec has transformed into the engine of Canada’s residential real estate industry as tight inventory and strong rental demand push up prices, a new report shows.
October 20, 2025
Prognosis starts to improve for Toronto’s office market
The gap between the vacancy and availability rates in Toronto’s office market has narrowed back to pre-COVID averages, a promising sign of stabilization.
October 20, 2025
Mistral AI to set up future headquarters in Marcadet-Belvédère building
The rumor had been circulating for a few weeks, and was confirmed to Maddyness last Friday by the French flagship in artificial intelligence: Mistral AI will set up its new headquarters in the 18th arrondissement of Paris in early 2026. According to our information, confirmed by the French decacorne, the company headed by Arthur Mensch will take up around 10,000 m² of space in the Marcadet-Belvédère building, owned by Icawood.
October 20, 2025
Inside the circular nature of OpenAI’s blockbuster data center deals
OpenAI's ambitions for its ChatGPT artificial intelligence platform are rising out of the Texas brushland in Abilene, where a complex the size of New York's Central Park embodies the firm's plans to spend at least $1 trillion on data centers to meet exploding demand.
October 17, 2025
REIT rolls into Dorval with $52 million triple play
Automotive Properties Real Estate Investment Trust says it's added to its portfolio with the acquisition of a trio of car dealerships near Montreal.
October 17, 2025
There's a silver lining to Canada's limited new supply of logistics space
While both Canada and the U.S. are contending with the elevated availability of big-box industrial warehouses catering to the logistics sector amid a cyclical slowdown in their economies and a trade war, the industrial space market in Canada appears better positioned than the U.S. to address this situation.
October 17, 2025
Edmonton’s labour pool grows the fastest among major markets in Canada
On the surface, the latest Edmonton jobs report shows strength, but the stubborn unemployment rate amid population growth signals trouble for the labour market.
October 17, 2025
Country's biggest retirement home firm strikes deal to buy three complexes in Quebec
Chartwell Retirement Residences, Canada’s largest retirement home chain, said it struck deals to buy three complexes in Quebec for a total of more than $315 million and broke ground on a new residence in Calgary.
October 17, 2025
BMO to shift US branch network to West Coast from Great Plains
BMO Financial Group has agreed to sell 138 branches in the United States, mostly across the Great Plains, to First Citizens Bank in a move BMO says will allow it to free up capital to fund its expansion to markets the bank sees as more promising for long-term growth.
October 16, 2025
Calgary’s labour market struggles with oversupply and wage stagnation
The latest Calgary jobs report paints a challenging picture for the local economy, with implications beyond employment statistics.
October 16, 2025
Vancouver’s office-using employment trends downward, dragged by tech sector challenges
Roughly 18,000 jobs were added to Vancouver’s metropolitan market over the past year, a 1.1% increase, according to Statistics Canada's latest release published last week.

No Results