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Primaris updates HBC, Sears vacancies: Sees 'enormous opportunities'
'Enormous opportunities:' Primaris on HBC, Sears vacancies
Enclosed shopping centre owner and operator Primaris REIT (PMZ-UN-T) has provided an upbeat update on its plans for 1.3 million square feet of space formerly occupied by Hudson Bay stores across its nationwide portfolio.
Real estate plays major role in Aritzia's success: Brian Hill
Brian Hill's knowledge of retail real estate closely rivals his knowledge of the fashion retail sector. That expertise has paid big dividends for the founder of Canadian-based design house and fashion retailer Aritzia over the past 40 years.
The battle over Place Bonaventure
An iconic building in Montreal's city centre, Place Bonaventure is at the heart of a conflict that has been raging for more than a year between two major pension funds: La Caisse and Investissement PSP.
Alberta to build all-season resort in Kananaskis, first of 3
A year after the province announced plans to build all-season resorts to boost tourism in Alberta, a plan is underway to kickstart the venture in Kananaskis. The announcement follows the province’s All-Seasons Resorts Act, enacted last year.
Hotel-residential tower proposed in Vancouver
Concord Pacific is pitching the City of Vancouver on a 35-storey, mixed use development just east of the Broadway-Granville transit hub that would have 257 hotel rooms and 172 strata residential units.
Historic track and casino to be demolished in Edmonton
A long-time Alberta icon is coming down as the City of Edmonton presses forward on 3,500 multifamily and rowhouse units set for construction on the former Exhibition Lands. The demolition project is scheduled for completion in spring 2026.
Soft market results in credit bid for foreclosed Langley project
The real estate market downturn is not only resulting in more insolvencies, it is making it harder for properties going through the court-ordered sales process to be sold, putting lenders in positions where they have to make some tough choices.
Diversification buoys Calgary as uncertainties slow activity
Calgary’s downtown office market shifted gears this year, catching its breath after three years of activity that reduced historically high vacancies. “After three years of steady improvement, downtown Calgary’s office market reversed course in 2025,” Avison Young (Canada) Inc. reported.
Bank of Canada holds benchmark rate at 2.25%
The Bank of Canada held its benchmark interest rate steady, moving back to the sidelines for what financial markets expect to be an extended pause. As widely anticipated, the central bank kept its policy rate at 2.25 per cent.
Capital Power to provide electricity to data-centre builder
Alberta’s data-centre industry got a boost as Capital Power announced a long-term agreement to provide electricity to an unnamed developer. The company signed a memorandum of understanding to provide 250 megawatts of electricity to an “investment grade data centre developer.”
$7B+ Canadian mine under construction is as big as a city
BHP Group Ltd.‘s potash mine near Jansen, Sask., about 150 kilometres southeast of Saskatoon, is under construction. It is the single-largest investment in the company’s history. The roughly 18-square-kilometre expanse exceeds the area of Saskatchewan’s smaller cities
Peterson's Ashleigh defies Vancouver condo slowdown
Sales for a three-building Peterson Group condo development in Vancouver remain steady in a slow market because of the project's boutique features, its vice-president of residential projects Barrett Sprowson suggests.
Bosley Real Estate expands by acquiring TrilliumWest
After nearly a century in business, Bosley Real Estate is still hungry for growth, expanding in Southwestern Ontario by acquiring independent brokerage TrilliumWest. The move brings roughly 100 agents to Bosley Real Estate.
B.C. rent decline leads Canadian jurisdictions in December
The British Columbia government is crediting its anti-speculation policies with a decline in rental asking prices. Rentals.ca says in its December report that B.C.'s average rent has fallen 6.8 per cent year-over-year to $2,400.
Wendy’s grows urban footprint in major Canadian cities
Wendy’s is accelerating its Canadian growth strategy by expanding into high-density urban markets, bringing new small-format restaurants to the downtown cores of Toronto, Montreal and Vancouver.
Nvidia plans HQ expansion as it grows U.S. real estate holdings
Nvidia is moving forward with plans to expand its spaceship-like Silicon Valley headquarters with a third building, the latest real estate expansion the chipmaking giant has made to accommodate its explosive growth streak.
Price tag for Toll Brothers' apartment business rises to $380M
Fortune 500 homebuilder Toll Brothers will get an extra US$33M for the planned sale of its multifamily development business, but the deal’s closing has been delayed to Q1 2026.
Hines REIT pays $199M for Indianapolis retail asset
Hines Global Income Trust Inc. has purchased Clay Terrace, a 493,000-sq.-ft. open-air retail centre in Carmel, Ind., for US$199 million. Ohio-based Washington Prime Group had previously owned and managed the property for the last 11 years.
Tariff woes drive 41% increase in construction abandonments
Tariffs have become a major drag on the U.S. construction industry, and more developers have been walking away from projects. ConstructConnect’s Project Stress Indicator reached 125.7 at the end of November, up 19.9 per cent from the prior month.
Industry Events
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Québec Apartment Investment Conference
Feb 04 2026
Palais des congrès de Montréal
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BUILDEX Vancouver
Feb 11 2026
to Feb 12 2026
Vancouver Convention Centre West
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Real Capital
Feb 24 2026
Metro Toronto Convention Centre North
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Vancouver Real Estate Forum
Mar 31 2026
to Apr 01 2026
Vancouver Convention Centre West
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Montréal Real Estate Forum
Apr 14 2026
to Apr 15 2026
Palais des congrès de Montréal
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