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ATCO to move its Edmonton office: City's largest in 10 years

1 day ago

ATCO to move Edmonton office: City's largest in 10 years

Canadian Utilities Limited, an ATCO company, is relocating its downtown Edmonton office to a newly renovated building that will be renamed ATCO Place. It is the largest such move in over a decade in the city.

 

Canadian proptech firms raise $450M despite challenges

The Canadian property technology (proptech) market continued to mature and stabilize in 2025, as companies raised approximately $450 million despite a challenging fundraising environment.

Toys "R" Us Canada facing suits over $31.3M in unpaid rent

Toys “R” Us Canada is facing at least seven lawsuits from landlords who say they’re collectively owed $31.3 million in unpaid rent and other damages from the struggling retailer.

Toronto new home sales drop to 45-year low, now what?

Toronto-area new home sales just tanked to their worst year on record. The situation is ”absolutely dire,” said the Building Industry and Land Development Association (BILD) in a Thursday report, noting the consequences are rippling through Ontario’s economy.

What might a condo market recovery look like?

To get a glimpse of what the future may hold and where the green shoots of a recovery may germinate, The Globe and Mail asked industry experts for their predictions on some core questions.

Incoming luxury tax hike may spur sales in affluent pockets

The spring market may come early to Forest Hill, Rosedale, Lawrence Park and other affluent pockets of Toronto as some buyers and sellers sprint to get in front of a “luxury tax” increase to take effect on April 1.

Wide disparities in how municipalities handle housing dev.

A Senate report highlighting large discrepancies in building timelines and development charges among Canadian municipalities calls for federal funding to be contingent on cities proving they can fast track housing projects and lower builder fees.

Three senior executives resign from CAAT pension plan

Three of the most senior executives at the CAAT Pension Plan resigned without explanation this week, as chief executive officer Derek Dobson cited a need for “the right alignment of our executive team” in a memo to staff.

Slate’s pivot to essential real estate and infrastructure

Essential real estate and infrastructure have become a core focus for investors seeking defensive, resilient assets, according to Slate's managing director, legal, John Murray and that shift is reshaping how capital, deals and legal advice are structured across borders. 

Feds call for proposals to build large-scale data centres

The federal government wants Canadian industry players to submit proposals to build data centre projects, as part of its commitment to increasing compute capacity for AI. The government is looking for proposals for sovereign data centres with capacity greater than 100MW. 

$21M CN Tower renovation unveiled for 50th anniversary

The CN Tower’s lower observation level just unveiled a $21-million facelift. The renovation was financed by the federal property management company Canada Lands, which owns the CN Tower, and its shareholders.

Zellers set on national expansion after Edmonton debut

With the Edmonton store performing ahead of expectations, Zellers is actively pursuing new leasing opportunities across the country as part of its national expansion strategy. The focus is on major markets, with flexibility around store footprints and real estate configurations.

Olive Garden is returning to Ontario after two decades

Olive Garden, the American-Italian restaurant chain famed for its endless breadsticks and pasta bowl promotions, plans to return to Ontario after over 20 years. Locations at Vaughan Mills shopping centre and Westboro in Ottawa are to open this summer.

Leasing surges at Heartland Town Centre in Mississauga

Heartland Town Centre in Mississauga is entering another year of active growth as a slate of new retailers, restaurants and services join the 2.2-million-square-foot, open-air complex at Highway 401 and Mavis Road.

Real estate podcasts

Dermot Sweeny, Sweeny&Co: A radical case against zoning, CRE Podcast
Is the market finally turning? A CRE pulse check, VCREP
How crime and disorder undermine density and city living, Missing Middle

CPP Investments in real estate JV with California's IRA Capital

CPP Investments has signed a deal to form a joint venture with California-based private equity firm IRA Capital to invest in medical outpatient buildings. CPP Investments has allocated an initial US$143 million to the JV.

Starlight tops out major BTR development in Manchester

Starlight Investments has announced the topping out of Spectra, a 34-storey flagship build-to-rent (BTR) development in Salford, Greater Manchester, U.K. The development will deliver 393 contemporary rental homes to the region.

$100B in CMBS loans mature this year, here’s what’s ahead

More than US$100 billion in fixed- and floating-rate CMBS loans are maturing this year, according to Morningstar’s commercial real estate outlook for 2026. Over half of these loans will not repay at maturity, the report found.

Blackstone reportedly weighing sale of Chicago's Willis Tower

Blackstone is reportedly considering an exit from its ownership of Willis Tower, Chicago's tallest skyscraper and one of the city's most well-known buildings, according to a Green Street real estate alert.

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