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April 24, 2025
Six remaining Hudson's Bay department stores to close after all
The six Hudson’s Bay Co. department stores previously earmarked to stay open as the company liquidates its holdings will be closing down after all, along with the 90 other outlets operated by HBC, according to a filing made 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.
April 14, 2025
Tariff tensions may offer unexpected upside for retailers and their landlords
As recession fears persist and consumer spending softens, retail real estate owners may be bracing for challenging years ahead. A slowing GDP, elevated interest rates and consumer caution around discretionary spending typically spell bad news for retailers and, in turn, retail landlords, especially those reliant on turnover-based rents or rapid lease-ups.
April 11, 2025
Nexus Industrial REIT sells interest in Quebec retail properties as it specializes in warehouses
Nexus Industrial REIT has all but reached its long-standing goal to become a purely industrial real estate industrial trust with the sale of its stake in 16 properties in Quebec.
April 10, 2025
IMCO manages almost 10% return despite property dragging down results
The Investment Management Corporation of Ontario, the manager of billions of dollars in real estate assets, produced an overall return of nearly 10% last year but said its property holdings dragged down its results.
April 8, 2025
Dollarama set to enter Mexico earlier than planned
Dollarama plans to speed up its quest for further global expansion by accelerating its move into the Mexican market by one year, less than two weeks after saying it would purchase a discount chain in Australia.
April 8, 2025
5 things to know for April 8
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April 7, 2025
Tariffs hit sales of condominiums, single-family houses in Canada
A trade dispute with the United States over tariffs is having a chilling effect on the sale of condominium apartments and houses in Canada, according to a report from one of the country's largest banks.
April 6, 2025
Trade war curbs Canadians' desire to travel to US
The U.S.-Canada tariff dispute has led to fewer Canadians making trips south of the border.
April 4, 2025
Tariffs expected to create headwinds for Canadian commercial real estate industry
The tariffs implemented by the United States on Canada and the countries' intensifying trade war are creating "an unprecedented conflict" that could affect the commercial real estate market, especially the industrial sector, according to global real estate services firm Colliers.
April 4, 2025
Canada's largest apartment REIT continues to shed European properties
A European entity controlled by Canada's largest apartment REIT says it will sell 1,446 residential suites in the Netherlands and also plans to unload even more properties.
April 4, 2025
Primaris REIT sells smaller shopping centres while seeking to buy bigger ones
Primaris Real Estate Investment Trust still is in acquisition mode, but the mall owner also is seeking opportunities to shed some of its smaller assets.