Real Estate
Canadian Property Management
Hines names two new CEOs for Americas regions
Steve Luthman has been promoted to lead real estate investment and development activity in Canada and the U.S. Midwest and Southeast, while Syl Apps takes the helm in South America.
Canadian Property Management
Office market setback a national trend for Q4
The fourth quarter of 2022 saw the office vacancy rate climb to 17.1 per cent across 10 major Canadian markets, accompanied with 2.1 million square feet of negative absorption.
Canadian Property Management
Dream Office REIT sells Class B Toronto building
Dream Office REIT has announced the $135-million sale of 720 Bay Street, an 11-storey Class B building in the Queen’s Park vicinity of Toronto.
Canadian Apartment Magazine
Student and seniors housing prospects in favour
A survey of top executives in the student and seniors housing sectors finds most are planning to expand their portfolios in 2023 through acquisitions and new development.
Canadian Property Management
Few dramatic reversals foreseen in CRE trends
REALPAC’s 2022 Prospective Survey was conducted in late October, posing questions to chart the commercial real estate industry’s anticipated course over the next five years.
Canadian Property Management
Lender confidence varies by CRE asset class
Logistics warehouses, multifamily rental buildings, data centres and life sciences labs are tapped as favoured assets in CBRE Canada’s newly released survey of lenders' sentiment.
CondoBusiness
Condo project financing confronts new math
More cautious criteria for condo project financing could upend some development pro formas and potentially constrain housing starts in the coming months.
Canadian Property Management
Paul Morassutti appointed CBRE Canada chairman
A member of CBRE’s executive management committee, Morassutti has most recently served as head of the firm's valuation and advisory services.
Canadian Property Management
Push to curb inflation has CRE ramifications
Transaction volume had been surpassing pre-pandemic levels until the steepest and most rapid rise in interest rates thus far this century undermined that momentum.
Canadian Property Management
Commercial ratepayers confront widening tax gap
Commercial property tax rates climbed and commercial-to-residential tax ratios widened this year in the majority of large Canadian cities Altus Group surveys for its annual benchmark report.
Canadian Property Management
KingSett a global leader as GRESB uptake swells
In 2022, 1,820 real estate entities, collectively holding assets valued at USD $7 trillion, reported to the GRESB benchmark on 60 ESG indicators across 14 components of activity.
Canadian Property Management
More setbacks for downtown Class B office in Q3
The average national vacancy rate for downtown Class B office space hit an all-time high in Q3 2022, while the Class A vacancy rate dipped downward in seven of 10 markets CBRE Canada surveys.
Canadian Apartment Magazine
Seniors housing portfolio trades
H & H Total Care Services has sold an eight-building seniors housing portfolio in western Canada for more than $300 million.
Canadian Property Management
Canada gains weight in global property index
Canada contributed to an 8.5 per cent or USD $900 billion expansion of the professionally managed real estate market last year across 37 countries MSCI analyzed.
Canadian Property Management
REIT acquires four Alberta business parks
The $309-million deal is the largest yet for Skyline Industrial REIT, securing it 16 buildings and nearly 130 acres of land in Calgary and Edmonton.
Canadian Property Management
CRE measures up as Canadian economic driver
A new report estimates commercial real estate made a $148.4 billion total contribution to Canada’s GDP last year, when factoring its direct, indirect and induced impacts.
Canadian Property Management
Rising interest rates alter slant on CRE values
Rising interest rates have Canadian commercial real estate players adjusting their expectations about cap rates and internal rates of return.
