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What's trending in the 4 major CRE asset classes?

1 week ago

What's trending in the 4 major CRE asset classes?

As tariffs, shifting trade policies and geopolitical uncertainty impact Canada's economy, five real estate industry experts provided insights into what’s happening in the office, multiresidential, industrial and retail markets during RealCapital in Toronto.

Ontario eyes T.O. exhibition grounds for convention centre

A new Toronto convention centre will be almost five times bigger than the existing complex downtown. According to sources, speaking confidentially, the province is leaning toward the sprawling 192-acre Exhibition Place as the location for the new facility.

Ottawa’s historic PBR surge, changing renter demographics

GUEST SUBMISSION: Ottawa has experienced a significant increase in rental development. We reached the highest supply delivery on record in 2025 – over 4,000 units – and momentum continues with close to 4,200 additional units to be completed in 2026...

Avenue Living initiates review to take $9.8B trusts public

Avenue Living Asset Mgmt., has initiated strategic reviews for both the Avenue Living Core Trust and its Mini Mall Storage Properties Trust with the intention of taking both entities public in what would be a multibillion-dollar transaction.

 

B.C., Cowichan to negotiate Aboriginal title in Richmond

The Cowichan Nation and the provincial government have verified they are in negotiations in light of the B.C. Supreme Court ruling that confirmed Aboriginal title on about 800 acres in south Richmond.

B.C. government absent from First Nations rights deal

B.C.'s NDP-led provincial government faced sharp criticism from the opposition after confirming it was not a signatory to a February 2026 federal agreement recognizing Musqueam Indian Band’s Aboriginal rights that includes title to property in greater Vancouver.

High Street Financial opens Toronto office, expands national commercial mortgage platform

High Street Financial's Toronto expansion marks the first phase of its national growth strategy, bringing a commercial mortgage, origination and servicing platform, grounded in discipline, transparency, and predictable repayment structures, to Canada's largest commercial real estate financing market. 

Sponsored by: High Street Financial Services Inc.

Multifamily returns to balanced conditions as supply builds

Jennifer Podmore Russell, chief development officer with Nch’ḵay̓ Development Corp., a Squamish Nation company working with OPTrust to develop 6,000 rental housing units across 11 towers in Vancouver, advised the first move-ins are to start in June.

ERES REIT announces going-private transaction

European Residential REIT (ERES) and CAPREIT have entered an agreement, with other unnamed parties, under which a CAPREIT affiliate will acquire all ERES units it does not already own in an all-cash transaction valued at approximately $441M.

Winery foreclosures add to legal woes of B.C. developer

Three winery properties in B.C. are being sold in court-ordered sales after lenders foreclosed on the owner, real estate developer Minglian Group. Sale of the properties is being brokered by Sotheby’s International Realty Canada on behalf of the lenders.

Mississauga moves to unlock more housing

The City of Mississauga announced it is moving forward with a comprehensive review of its urban design requirements as part of ongoing efforts to boost housing supply and improve affordability. 

Settlement reached on Elliot Lake mall collapse class action

A proposed $10-million settlement has been reached in the long-running class action over the 2012 collapse of the Algo Centre Mall in Elliot Lake, a disaster that killed two women and injured about 20 others.

Retail investment in Calgary dips in 2025: Barclay Street

Retail investment in Calgary recorded a slower year relative to other asset classes. Total sales reached $531.5 million by year end in 2025, down 31 per cent year over year, a Barclay Street Real Estate report states. 

Canadian retailer Roots explores sale after years of struggle

Canadian clothing retailer Roots Corp. is pursuing a strategic review that may lead to the sale of the decades-old company. Roots hired JPMorgan Chase & Co. to help analyze options to boost value for shareholders, the company said Tuesday.

Samsung builds store of the future in Mississauga

Samsung is giving Canadian media and retailers a hands-on look at how physical stores are evolving. Inside its Mississauga showroom is a “store of the future” that demonstrates how immersive retail technology is reshaping merchandising, engagement and store economics.

Target's new CEO signals turnaround with upbeat outlook

Target CEO Michael Fiddelke promised a return to annual ​sales growth in its Q4 report and issued a strong profit outlook. The stock shed nearly 28 per cent of its value in 2025, a turbulent year for Target.

A year of Trump's tariffs, in charts

From factory jobs and consumer prices, to supply chains and trade flows, The Globe and Mail takes a visual look at the global economy. While the U.S. has erected trade barriers, most other countries have not retaliated with tariffs.

Blackstone’s private credit fund hit by record redemptions

Blackstone Inc. is allowing investors to redeem a record 7.9 per cent of shares from its private credit fund BCRED, equivalent to around US$3.8 billion, the latest sign of unease in an industry that’s faced a wave of withdrawals.

BREIT raises $1B more than investors redeem, reversing trend

Blackstone’s flagship real estate fund attracted US$7.2B in new capital across 2025 and quadrupled its internal rate of return year-over-year. The investment giant’s Blackstone Real Estate Investment Trust raised US$1B more than it saw in outflows.

NYC Hudson Yards-area apartment tower sells for $129M

Amstar Group agreed to buy a 33-storey luxury apartment tower in Manhattan’s Hudson Yards neighbourhood for US$129 million. The property, known as Henry Hall, was sold by a joint venture of Shorenstein Investment Advisers and Dreamscape Cos.

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