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Slate's Stephen Avenue Place in Calgary in receivership for second time

2 days ago

Slate's Stephen Avenue Place in Calgary in 2nd receivership

The Stephen Avenue Place office and mixed-use complex in downtown Calgary is under receivership for the second time in two years, according to filings in the Court of King’s of Alberta and a release from creditor Timbercreek Mortgage Servicing.

GM to end electric van production at plant in Ingersoll, Ont.

General Motors has confirmed it is ending production of its BrightDrop electric delivery vans at the CAMI Assembly plant in Ingersoll, leaving the future of the southwestern Ontario facility uncertain.

Canada’s inflation rate rises to 2.4% ahead of BoC decision

Canada’s inflation rate accelerated by more than expected in September, potentially casting doubt on the Bank of Canada’s interest rate decision next week. The Consumer Price Index rose 2.4 per cent in September on an annual basis.

New skew in up and down Q3 office, industrial trends

Office and industrial markets are still exhibiting contrasting fortunes, but there’s a new skew to the up and down trends in major urban centres coming out of Q3. Colliers reports dropping vacancy rates in 10 of the 12 office markets.

Office vacancy rate in Vancouver highest since 2004

The last time downtown Vancouver’s leasable office vacancy rate was this high was 21 years ago, during the prolonged dot-com bubble burst. According to CBRE, as of the end of Q3, the office vacancy rate reached 12.6 per cent.

Canada Delegation attending MIPIM: The world’s property event since 1990

MIPIM 2026 is welcoming a Canadian Pavilion for real estate leaders, exporting companies and cities looking for business opportunities around the globe. As for now, Cities of Montreal, Ottawa and Winnipeg, Destination Canada, Smartpixel and Resimo are exhibiting. Join in.

Sponsored by: MIPIM

Trailblazer Ann Bosley remembered for industry impact

Longtime industry trailblazer Ann Bosley of Bosley Real Estate, passed away on Oct. 14. For more than 40 years, Bosley guided the Toronto-based brokerage with her husband, Tom, overseeing its growth into one of the city’s most established firms.

Toronto endorses 8 settlements with 4,600+ proposed units

Eight Toronto development proposals that were appealed to the Ontario Land Tribunal (OLT) secured council-endorsed settlements in October, paving the way for their ratification at the OLT in the coming weeks.

3,000 units planned in 8 towers at Cooksville GO and LRT

A major development is being proposed beside the Cooksville GO station in the Mississauga, with Infrastructure Ontario filing plans for one of the largest Transit Oriented Community (TOC) projects in the Greater Toronto Area.

Sherway Gardens 4-tower Phase 1 redev. plan reworked

A resubmission from DiamondCorp and Cadillac Fairview, has been filed with the City of Toronto for the first phase of the Sherway Gardens redevelopment, setting the stage for the transformation of the major mall's surface parking areas in Etobicoke.

Polarizing Canmore development nears construction start

A polarizing development, that could see up 7,000 homes on more than 300 hectares of land added to Canmore, is set for its next stage. Construction is expected to get underway next year on Three Sisters Mountain Village.

Court decision on HBC lease deal with Liu coming this week

A court decision in a controversial deal to sell more than 25 former Hudson’s Bay store leases to B.C. real estate executive Weihong (Ruby) Liu is coming some time this week, Ontario Superior Court Justice Peter Osborne said on Monday.

CF Chinook Centre in Calgary welcomes new flagship stores

Cadillac Fairview’s CF Chinook Centre in Calgary is entering a significant period of redevelopment and leasing activity, with new brands, flagship stores and food and beverage options on the horizon. 

Playa Bowls signs master franchise agreement in Canada

Playa Bowls, a superfruit bowl shop with nearly 350 U.S. locations, has announced a master franchise agreement with Eat Up Canada Inc. to expand the brand across North America. The deal includes plans to open more than 160 shops.

Canadian firms improve GRESB scores, but participation dips

Canadian real estate companies made incremental progress in the latest Global Real Estate Sustainability Benchmark (GRESB) despite political and economic headwinds, though the number of participants declined. Progress on key metrics was made by GRESB participants despite global-scale obstacles.

David Rubenstein-backed firm builds $303-million U.S. property bet

An investment firm backed by Carlyle Group Inc. co-founder David Rubenstein and others, is bolstering its U.S. real estate investments as the sector shows signs of recovery. 

Walmart buys another shopping centre, deepening status as retail landlord

Walmart has acquired a Norwalk, Conn. shopping centre for US$44.5M in its third shopping centre purchase this year. The buy is part of the retailer’s larger push to own its own real estate, CoStar News reports.

CIP Real Estate JV secures $820M for 6M-sq.-ft. portfolio

A joint venture between CIP Real Estate and Almanac Realty Investors affiliates secured an US$820M floating-rate, single-asset, single-borrower CMBS loan for a 6.1 million-square-foot portfolio of 42 shallow-bay industrial properties across six major markets in five states.

Crown Estate unveils $6-billion Oxford life sciences development

The Crown Estate, the property company that generates income for King Charles III, has bought a site in Oxfordshire as part of a life sciences development project worth as much as US$6 billion (£4.5 billion) once complete.

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