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YZD’s huge Hangar District up for Toronto council vote: Here's the plan
YZD’s huge Hangar District up for vote in T.O.: Here's the plan
Toronto city council is to vote this week (as early as today) on Northcrest Developments and Hines’ application resubmission for The Hangar District, the first neighbourhood of the 370-acre YZD development at the former Downsview Airport.
City Office REIT to be sold to MCME Carell for $1.1B
City Office REIT (CIO-N) has a definitive agreement to merge with two entities of U.S.-based MCME Carell and be taken private in a deal which values the Vancouver-based office properties owner and operator at approximately $1.1 billion.
 | The People Space New senior managers at HOOPP; hirings at Nicola, JLL, GWLRADon WilcoxManaging Editor, RENX |
Vancouver storefronts sit empty amid policy gridlock
Vancouver has seen a rise in vacant storefront properties, particularly in key retail areas such as Alberni Street, downtown Granville Street and the Broadway Corridor. Some sites have been vacant for years, depriving owners of what can be substantial rent.
Architectural company selects Calgary as North American HQ
Mosaic Holding Corp. is establishing its headquarters in Calgary after purchasing the 16-storey Dorchester Square commercial tower. It is converting the whole of the 10,000-square-foot seventh floor into office space for its own use.
TD Bank tells staff to be in the office four days per week
Toronto-Dominion Bank is the fourth major lender requiring staff to work from the office four days each week, even as employees at Canada’s biggest banks battle for desks. Staff will work from corporate towers more often as of Nov. 3.
 | NAIOP Why NAIOP events are industry game-changersFrom my perspective – and for many of you – progress is key. We want to grow as professionals while driving our industry forward. Staying ahead of trends, expanding networks, and gaining fresh insights doesn’t happen by accident. It takes deliberate effort. Sponsored by: NAIOP |
Vancouver Island's Bear Mountain goes on the market
More than 149 acres of prime West Shore land, including two 18-hole golf courses and the country’s largest red-clay tennis centre, are for sale after the B.C. Supreme Court granted a request from the receiver in control of Bear Mountain.
Mont-Tremblant retail village going up for sale for $100M
Mont-Tremblant retail village is going up for sale for roughly $100 million. The approximately 135,000-square-foot village, the commercial centre of the ski town, had a 93 per cent occupation rate in 2023.
Cadillac Fairview 'resolutely opposed' to Liu's HBC leases bid
British Columbia-based Chinese billionaire Ruby Liu continues to face landlord opposition to her quest to acquire 25 of Hudson's Bay's former leases. Cadillac Fairview made a new filing in court this week voicing its opposition to the sale.
Alpine Park retail taking shape in Calgary
After years of planning, Alpine Park — a major new urbanist community on Calgary’s west side — is finally breaking ground with its multi-phased retail development now underway. Alpine Park is a $2.5 billion mixed-use development by Dream Unlimited (DRM-T).
Morguard Corp. increases ownership stake in Morguard REIT
Morguard Corporation (MRC-T) announced it acquired 1,364,062 trust units of Morguard REIT (MRT-UN-T), through the TSX and through its participation in the REIT's distribution reinvestment plan. The purchase respresents approximately 2.09 per cent of the outstanding units
Calgary outpaces housing target, secures funding boost
The City of Calgary set out to incentivize 43,000 new housing units built by Oct. 2026. That goal was exceeded by the city in June, a year and a half ahead of schedule.
Divided London city council approves 4,000-home plan
A highrise subdivision in southwest London will be going ahead despite some city councillors making a last-ditch effort to give the project a haircut in response to massive neighbourhood pushback.
Real estate podcasts
Brian Salpeter, Cadillac Fairview: Retail evolution and office markets, CRE Podcast
Cottage market standstill and U.S. investment exodus, Canadian RE Investor
No rate cut, no buyers, no end in sight, Vancouver Life RE Podcast
CoreWeave to deploy $6B for Pennsylvania data centre
CoreWeave will invest US$6 billion in a new data centre facility in Lancaster, Pa. Chirisa Technology and Machine Investment Group will co-develop the project, set to provide 100 megawatts initially and up to 300 megawatts at full build-out.
58% of CRE investment firms have trouble raising cash
Nearly half of CRE investment firms are shifting strategies as they face headwinds in raising money, new survey data shows. And 13 per cent of investment managers said it has become much more difficult to raise capital.
Office value plunge opens door for new conversion play: self-storage
As the real estate market contends with a growing glut of obsolete office stock, residential conversions have been a hot strategy. But apartments won’t be the cure-all for vacant office space, and industry discussions are now expanding to new uses.
Silverstein secures HQ lease extension, expansion in NYC
Fintech company Clear Street has signed a lease extension of more than 10 years, as well as an expansion to grow its headquarters to nearly 88,000 square feet at 4 World Trade Center, sponsor Silverstein Properties announced.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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Saskatchewan Real Estate Forum
Oct 16 2025
TCU Place, Saskatoon
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