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May 1, 2025
Leader of Avison Young Canada urges country's major parties to work together
The president of Canadian real estate firm Avison Young is encouraging the country's two major parties to work together to enact key policies that will benefit commercial real estate.
May 1, 2025
Top office leases recognized for Toronto
Prominent office leases signed by AstraZeneca PLC, Allstate and Metrolinx negotiated by top dealmakers from Cushman & Wakefield, Avison Young and CBRE are among the first-quarter office leases recognized by CoStar.
May 1, 2025
Top property sales recognized for Greater Toronto
A prominent general retail deal handled by TD Securities and CBRE and an industrial disposition arranged by Cushman & Wakefield are among the top first-quarter property sales recognized by CoStar.
May 1, 2025
Top industrial leases recognized for Toronto
Prominent industrial leases signed by ID Logistics, Apps Transport Group and 18 Wheels negotiated by top dealmakers from CBRE, Metrus Properties and Colliers are among the first-quarter industrial leases recognized by CoStar.
May 1, 2025
Top retail leases recognized for Toronto
Prominent retail leases signed by Pickleplex Social Club, Fotile and Uptown Montessori School-Woodbridge negotiated by top dealmakers from Royal LePage Frank, CBRE and Cushman & Wakefield are among the first-quarter retail leases recognized by CoStar.
May 1, 2025
Top sales and leases recognized in Canada
Primaris Real Estate Investment Trust's $375 million deal to buy a mall and surrounding properties east of Toronto was Canada's largest real estate transaction during the first quarter, making it one of the top deals recognized in the latest CoStar Power Broker quarterly awards.
April 29, 2025
Re/Max Canada brings in new president
Re/Max Canada, the country's largest network of real estate agents, hired a former executive from a competitor as its news president.
April 28, 2025
Canada's largest REIT beefs up industrial portfolio
Choice Properties continues to benefit from its association with grocery chain Loblaw Companies Ltd. as Canada's largest real estate investment trust picked up an industrial complex from the grocer.
April 28, 2025
Canada takes aim at development charges
Development charges, the fees many Canadian municipalities levy on developers to cover the infrastructure costs associated with new projects, have been targeted by both major political parties in Canada during the election campaign after flying under the radar for many decades.
April 25, 2025
Congebec merges with competitor to create coast-to-coast refrigerated warehouse network
Two cold storage companies based at opposite ends of the country are uniting their operations as Quebec City-based Congebec has agreed to a tie-up with Bradner Cold Storage of Langley, British Columbia, to create a company with 16 facilities.
April 24, 2025
Six remaining Hudson's Bay department stores to close after all
The six Hudson’s Bay Co. department stores previously designated to remain open as the company liquidates its holdings will be closing after all, along with the 90 other outlets operated by HBC, according to a filing as part of the retailer's bankruptcy proceedings.
April 23, 2025
Housing crisis intensifying in Canada, government warns
Within 15 years, the federal government says, homeownership in Canada could become so financially difficult it will lead to “intergenerational mortgages,” and the country will increasingly see “several generations of family living together” to afford housing.
April 23, 2025
Vancouver among cities to receive top mark for financial management practices
Ottawa, Quebec City, Vancouver and Richmond received top marks of A in a C.D. Howe report that ranked 32 Canadian municipalities on the basis of their financial and accounting practices.
April 21, 2025
Avison Young executive to bike across parts of US, Canada in fight against cancer
Avison Young commercial property adviser Jeff Flemington has a lot of real estate to cover in the coming weeks, but he won't be wearing business attire when he does it.
April 18, 2025
Canada's largest Asian grocery chain expands in Ontario
Canada's largest Asian grocery chain is expanding again with the opening of its second store in the Toronto suburb of Mississauga.
April 17, 2025
Toronto drags Canada's multifamily starts into negative territory
Canada's multifamily housing starts dropped by 10% in the first quarter compared from the same time a year earlier, as a 60% decline in new projects in the greater Toronto area pushed the national totals into the negative.
April 16, 2025
Colliers grows by acquisition, seizing opportunity in economic uncertainty
Colliers agreed to acquire a fellow real estate services firm as it looks to seize the opportunity to grow its business during economic uncertainty.
April 15, 2025
Canada's largest car dealership REIT closes latest US purchase in Florida
Canada's largest automotive dealership real estate investment trust closed on its latest deal south of the border as it continues to look to the United States for expansion.
April 15, 2025
Full implementation of EU-Canada trade deal could lead to more investment from Europe
Foreign investment in Canadian real estate has followed overall trends in recent years, increasing from 2021 through 2023 but then slowing down more recently. Examples of recent foreign real estate investment include the 2022 purchase of Royal Bank Plaza by Spanish investor Ponte Gadea for $1.6 billion and the 2024 purchase of a two-office Vancouver portfolio by German institutional investor Deka Immobilien Investment GmbH for $280 million.
April 14, 2025
Fortune favours the well-capitalized
It is an inconvenient truth that recessionary times generally do more to broaden wealth gaps than narrow them. As Baron Rothchild, the 18th-century British nobleman and member of the Rothschild banking family who made a fortune buying land in the panic that followed the Battle of Waterloo, is credited with saying, "When there’s blood on the streets, buy real estate.” This is as true today as it was in 1815.