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Supercharged uncertainty in Canadian CRE won’t last forever

19 hours ago

Supercharged uncertainty in Canadian CRE won’t last forever

2025 was supposed to be the year that economic conditions normalized and the commercial property market in Vancouver and around the country would start its recovery - and perhaps even accelerate. 

Michael Medline to retire as Empire / Sobey's CEO

One of the most recognizable leaders in the Canadian grocery and retail sector, Michael Medline, has announced he will retire as president and CEO of Empire Company Ltd., (EMP-A-T) and its wholly-owned subsidiary Sobeys Inc., in May of 2026.

UPS to buy Andlauer Healthcare Group in deal worth $2.2B

Shipping and logistics company UPS has signed a deal to buy Andlauer Healthcare Group Inc. in a deal that values the company at about $2.2 billion. AHG specializes in transportation and logistics for the health-care sector.

Rogers in talks with institutional investors over sports assets

Rogers Communications Inc. (RCI-B-T) is in active talks with investors interested in its sports assets, the telecom’s executives said Wednesday, as the company seeks to unlock value from its portfolio of sports holdings and boost its share price.

Squamish nation developer buying site next to Senakw

Central 1 Credit Union appears poised to sell its prime piece of waterfront property next to the Burrard Street Bridge to Nch’Kay Development Corp., the company behind a massive 11-tower rental-housing Senakw project in the area, Postmedia has learned.

CAAT Pension Plan shifts focus to Canadian RE assets

CAAT Pension Plan has increased its focus on domestic infrastructure and real estate investments, as it continues to pursue long-term returns while responding to volatility in global markets. Canadian investments now account for about one-quarter of its $23.3B portfolio. 

New fire codes for racking: What you need to know

Updated fire codes for pallet racking impact design, safety, and leasing decisions. Industrial tenants and agents must stay informed to stay compliant.

Sponsored by: North American Steel

Condos headed for a crunch as construction starts slow

As new condominium sales in the Toronto region fall to levels not seen since the deep economic recessions of the early 1990s and construction starts fall off a cliff, developers are warning housing shortages are only going to intensify.

Polygon buys corner site in Vancouver for redevelopment

All four corner sites at the prominent intersection of Cambie Street and W 41st Avenue in Vancouver are now set for redevelopment as the last of the four was recently acquired by Vancouver-based real estate developer Polygon Homes.

Six-tower development scales back MZO plan in GTA

Forested ravine areas, a pond and a watercourse all connected to the Humber River shape an undeveloped site in Vaughan’s West Woodbridge–Elder Mills neighbourhood, where City Park Homes has proposed an ambitious six-tower development.

Vancouver proposes downtown east bldgs. up to 32 storeys

The City of Vancouver is asking residents to consider a dramatic change in the kind of development that will be allowed in one of Canada’s poorest neighbourhoods, proposing towers of up to 32 storeys and loosening restrictions on market housing.

Delta to offer rebates for housing development

The City of Delta is going to offer rebates to get certain types of housing built faster. Council recently approved a recommendation to amend the city’s fees and charges bylaw to implement the program.

HBC to liquidate last 6 stores as hope of finding a buyer fades

Hudson’s Bay will start selling off all merchandise on Friday at the six stores previously spared from liquidation, effectively ending the retail empire’s reign and significantly dimming the possibility the business dating back to 1670 will stay alive.

How Pattison Food Group is setting itself up for the future

If one were writing a playbook on how to achieve sustained success in Canada’s competitive grocery landscape, the folks at Pattison Food Group could provide pointers. From a single storefront in 1915, the company has grown to 300 retail locations. 

Second Cup to open 20 new stores: Foodtastic CEO

Second Cup is undergoing a transformation and expansion under the leadership of Foodtastic, with CEO Peter Mammas revealing a bold vision for the iconic Canadian coffee brand. Mammas says the brand has turned a corner — both in operations and performance.

Real estate podcasts

Why Canada’s housing plans are falling apart: Vancouver Life RE Podcast
Rod Gilbert, CCA: Is Canada's construction industry in trouble? Canadian RE Investor
Antony Sulentic, PC Urban: Building beds and sheds, VCREP

Developers look to sell Miami sites on which they'd hoped to build

Shovel-ready sites are popping up for sale all over Miami as developers that had planned to join in the Magic City's building boom look instead to take the money and run from an increasingly uncertain market.

Retailers hesitate to sign leases as they digest tariff impacts

While real estate historically moves slower than other asset classes, retail market watchers say the tariffs and broader economic concerns are already making would-be tenants hesitant to commit to leases.

Sears' $10-per-year Mall of America lease stands after legal challenge

America's largest mall has failed to get the U.S. Supreme Court to void a $10-per-year Sears lease signed over three decades ago. The property at the centre of the legal action is about 160,000 sq. ft. and three storeys tall.

Companies are renting bigger London offices

Companies moving offices in London last year leased more expansion space than they have done since 2019, the year before the coronavirus pandemic upended white-collar working practices and sent shock waves through commercial real estate markets.

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