Apartment rents drop for first time since pandemic
Major Canadian bank predicts rising vacancy rates, lower rents
Apartment rents have dropped by 3.2%, according to a national survey, a trend one of Canada's major banks expects could continue into 2025.
Property investors in tax limbo with Trudeau resignation
Capital gains rates rose in June, but legislation to codify law likely to die
Canadian real estate investors find themselves in the same predicament as the rest of the country as changes in capital gains tax rules remain in limbo with Parliament no longer in...
Boardwalk to sell trio of Edmonton residential complexes in sign of rising rents
Undisclosed buyer to pay average price of $205,000 per unit for 390-apartment portfolio
Boardwalk REIT has agreed to sell three of its apartment complexes in Edmonton in a move that comes as Western Canada's largest residential real estate investment trust says rents...
Canada's largest public pension fund to score US$2.2 billion haul from sale of logistics properties
CPPIB parts with 45% stake in Goodman North American Partnership
Canada's largest pension plan expects to get a windfall from the sale of its investment in a North American logistics partnership it has with Australia's Goodman Group, a sign of t...
Trudeau resignation comes as government deals with housing affordability, commercial property concerns
Some of prime minister's policies have affected large real estate firms
Canadian Prime Minister Justin Trudeau's decision to step down after almost a decade in power comes as leaders in his government tackle housing affordability issues and executives ...
Here's why some Canadian property deals didn't close in the past year
Chief investment officers discuss how they handle marketplace uncertainty
Getting deals over the finish line became a notable challenge over the past year, forcing some of Canada's top chief investment officers to make difficult decisions.
Mike Underwood started as a gofer, and went on to dig in dirt for decades
Woodfield Development partner slowly handing reins of multifamily firm to son
Mike Underwood started as a gofer, and during his decades-long career that has included founding a development company, he has overseen a lot of digging in the dirt.
Canada's construction workforce losing members, experience as veterans retire
'It's a huge issue,' union executive tells Toronto real estate conference
At a time when Canada needs more housing, the number of construction workers and their productivity are dropping fast, a study found.
CBRE, TD Securities expect these stronger REIT results for 2025
Investment bank predicts 20% return, brokerage forecasts increased deal activity
Canada's publicly traded real estate investment trusts are expected to improve their financial performance next year.
Bank of Canada's latest major rate cut applauded by a real estate industry that wants more
Additional reductions needed to spur market, according to some property executives
Canada's central bank delivered its fifth rate cut of the year, but some real estate industry veterans said the welcome move needs to be followed with further cuts to truly kicksta...
Lack of affordable housing is worldwide problem, industry veterans say
Chronic underbuilding results in shortage of available homes, panelists tell Global Property Market conference
Panelists at an international real estate conference in Toronto agreed on one thing when it came to affordable housing: The world needs more of it.
Toronto Metropolitan University buys stake in office building in city's core
Donation from Brookfield director helps school expand downtown campus
One of Toronto's largest universities is taking advantage of a $10 million gift from the former president and CEO of Brookfield Asset Management to buy a piece of a downtown office...
JLL boosts presence in Canada's largest industrial market with new hires
Brokerage adds six people to Greater Toronto operation, looks to accelerate growth
JLL is boosting its presence in the Greater Toronto Area industrial market, where it has added six people to its local office, the real estate company said, with the goal of accele...
Colliers adds former Cadillac Fairview executive to board of directors
John Sullivan served as CEO of real estate subsidiary under one of North America's largest pension funds
Toronto-based Colliers has added the former head of one of Canada's largest real estate companies to its board.
CIBC economist says federal government strategy stokes anger over housing
CIBC's Benjamin Tal argues 'policy failure' has created a residential property cost crisis
The deputy chief economist of one of the country's largest banks pointed blame squarely at government policies as protestors gathered outside the Metro Toronto Convention Centre be...
Why Hines might have Toronto's newest towers for years to come
Canada head of Houston-based developer says highest-end offices may be undersupplied
The head of the Canadian arm of Houston-based Hines said the developer might have the newest office buildings in Toronto for some time.
'Fog of war' is the time to buy, says Blackstone's global real estate chief
Nadeem Meghji declares: 'We are not waiting for the all-clear sign'
The global cohead of one of the world's largest real estate empires, with assets worth about 325 billion U.S. dollars, told a Toronto property conference that when no one expects y...
Avison Young expands into Newfoundland and Labrador
Affiliate office in St. John's marks 17th location in Canada
Toronto-based Avison Young is moving further east in Canada, opening an affiliate office in St. John's, the capital of Newfoundland and Labrador.
Davidson Hospitality CEO's 40-year career started with a 'Help Wanted' sign for a hotel bell boy
Thom Geshay trained for industrial engineering but found hotels a better fit
Thom Geshay was 17 and a new high school graduate in 1984 when he relocated from Wisconsin to North Carolina. He needed a summer job before starting college, and the trip to his ne...
Nation's largest residential real estate trust targets Toronto, Montreal
Canadian Apartment Properties buys multiple buildings
Canadian Apartment Properties is embarking on a four-building investment in Toronto and Montreal as the country's largest residential real estate investment trust focuses on its be...