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Why distressed real estate may not bottom out until 2028: ULI

2 days ago

GTA's distressed RE may not bottom out until 2028: ULI

A correction and stabilization phase is underway in Toronto’s distressed real estate market, but industry experts caution that a broader bottom may stretch into 2027 or 2028 as lenders and developers navigate an unprecedented inventory overhang.

Foodtastic takes $1B MTY bid directly to shareholders

After two rejected acquisition proposals, Canadian restaurant operator Foodtastic is taking its $43-per-share offer for MTY Food Group (MTY-T) directly to shareholders, arguing the bid delivers a significant premium and a better path forward for the restaurant franchisor.

Canadian Tire putting $200M into Mark’s stores

The cash infusion will expand both Mark’s overall footprint and help revamp stores. By the end of 2028, the goal is for at least 40 of its expected 387 Mark’s locations to be new or converted to an updated model.

Industrial lands in Metro Vancouver – quantity and quality

GUEST SUBMISSION: Industrial land is one of Metro Vancouver’s most constrained and strategically important resources, and an important foundation of the economy. To understand how these lands are distributed and used the MVRD prepares an inventory every five years. 

Toys“R”Us to open in 300 Staples stores

Toys“R”Us is preparing for a return to Canadian retail through a partnership with Staples Canada, which plans to introduce dedicated Toys“R”Us and Parties“R”Us shop-in-shops across close to 300 stores nationwide.

First Capital REIT reports higher third-quarter earnings

First Capital REIT (FCR-UN-T) reported higher operating earnings in the third quarter of 2026, with operating funds from operations per diluted unit increasing 9.2 per cent year over year as rental rates climbed and leasing activity remained strong.

Colliers disrupts real estate corporate finance landscape with launch of Colliers Securities Group in Canada

Colliers has launched its Colliers Securities group in Canada, expanding its established Securities capability within its U.S. business. Jeff Jacobson, CEO, Colliers Securities, provides insights into the group’s foray into the Canadian market.

Sponsored by: Colliers Canada

BTB REIT sells Quebec office building for $8M

BTB REIT (BTB-UN-T) has sold a 36,983-square-feet office property in Longueuil, Que., for $8 million. This disposition is consistent with BTB's selective approach of recycling capital from non-core properties to support future acquisitions. 

GTA homebuilding sector faces a mixed year in 2027

The homebuilding sector in the Greater Toronto Area (GTA) may be in for another challenging year in 2027, though a number of fluid contributing factors could bring positive change for the market in the second half, according to industry experts.

Toronto hotel developer adds rental units to proposal 

The Manga Hotel Group is adding purpose-built rentals to a proposal for a downtown hotel, a plan that one expert says showcases how developers are hunting for a winning real-estate formula following Toronto’s condo crash.

Logisco launches $60M rental project in Quebec City

Real estate developer Logisco is launching a new, simpler and more accessible apartment brand. The first project under this new brand is currently under construction on Wilfrid-Hamel Boulevard in Quebec City.

Edmonton-area industries flocking south to Leduc County

Avison Young just released its third-quarter update on Greater Edmonton’s vacancy rates. And while the vacancy rate across the region held steady at 3.8 per cent, a closer look at the numbers shows the continuing southbound migration of money.

Mattamy founder donates $50M to Ottawa hospital

On Tuesday, the Peter Gilgan Foundation announced it's putting $50M toward the Ottawa Hospital Foundation's new Civic campus. It's the largest philanthropic gift in Ottawa's history, according to the hospital foundation. Gilgan is the founder of Toronto-based Mattamy Homes.

Brookfield, Lunate set up new Gulf development firm

Brookfield Asset Management and Abu Dhabi investment firm Lunate are setting up a new residential developer to help drive the construction of premium housing developments across the Gulf, seeking to expand in the region’s real estate markets.

2.7M-sq.-ft. campus trades, Houston's largest industrial sale

A joint venture of Houston-based Adkisson Group and Los Angeles-based PCCP has bought a 2.7-million-square-foot, 64-building industrial property in what is said to be Houston’s largest-ever industrial campus sale.

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