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Near-empty pipeline portends interesting future for Vancouver office

2 weeks ago

Emptying pipeline portends interesting future for Van. office

Like many other Canadian markets, there is little to no new office supply in Vancouver’s pipeline, meaning the supply that currently exists will make up the market for the foreseeable future and landlords must work with what they have.

Power, not space, is driving Canada's data centre boom

Coralie Olson
National Director, Client Relationships, Partner Assessment Corp.

La Caisse loses court case regarding Place Bonaventure

A Quebec court has ordered La Caisse to negotiate with the owners of Place Bonaventure to recover the $200 million it loaned them. The judge rejected La Caisse's "absurd" request to place the building under receivership.

Galion buys 5 Montréal RONA retail properties: $100M-plus

Montréal-based real estate company Galion has made its largest acquisition in its history, buying five large-format RONA and RONA L'Entrepôt stores on Montréal's South Shore, for an amount “exceeding $100 million.”

Metro Vancouver ponders $389M cut to developer fees

Metro Vancouver Regional District is considering the scenario of a $389-million revenue shortfall from potentially reducing the fees it charges to builders and developers for new building developments.

Vancouver approves floatel on Coal Harbour waterfront

A proposal to install a 250-room floating hotel on a Coal Harbour water lot north of the Vancouver Convention Centre’s west building has been approved by Vancouver’s city council.

Controversial 868-unit highrise plan in London endorsed

Apartment towers could one day rise beside a protected greenspace in south London, Ont. after city politicians unanimously endorsed a highrise development proposal Tuesday. London-based Auburn Developments has proposed four 14-storey towers totalling 868 units.

Ancaster condo project gets city nod after bumpy road

After years of debate, tribunal and court challenges, provincial intervention and local pushback, developers aiming to build an eight-storey condo in the heart of downtown Ancaster, Ont. have city backing.

New program eases affordability conditions on rental devs.

Vancouver's Rental Development Relief Program consists of two streams, both eligible only to projects with below-market rental units in an area with a below-market rental requirement. The projects also have to be midrise or highrise and smaller than 1.98 acres.

65% of Canadians 65+ report low or no downsizing options

A wave of downsizing may be building in Canada’s housing market as the population ages, but new research from Remax Canada suggests the shift will be gradual, with many older homeowners staying put due to a lack of suitable options.

Citywide union formed to represent Toronto tenants

A fast-growing tenant movement in Toronto’s northwest is set to expand citywide, launching the Toronto Tenant Union to tackle unlawful evictions and arbitrary rent increases. “The goal is to confront some of the big landlords,” a member said.

The great RE correction hits the 'exerbs' especially hard

Condo prices in Toronto have indeed collapsed, but the real estate meltdown extends beyond the major urban cores to the exurbs, small towns and vacation areas, where the dream of homeownership has proven to be a devil’s bargain for some.

Warehouse leasing activity soars, shippers adapt to tariffs

Canadian warehouse leasing numbers surged last year as shippers sought flexibility – and a way to work around burdensome U.S. tariffs, a new report says. Leasing activity in the Toronto area soared to the third-highest level on record in 2025.

Information Services Corp. bidders whittled down to one

Infrastructure fund manager Plenary Americas is the final bidder for property registry Information Services Corp. after concerns about potential job losses at the Regina-based company eliminated another potential buyer. The price tag is expected to be roughly $900M.

Aurora Cannabis buys Safari Flower in $26.5M deal

Aurora Cannabis Inc. has bought Safari Flower Co. in a stock-and-cash deal valued at $26.5 million. Aurora says Safari Flower has an EU GMP-certified indoor cultivation and manufacturing facility in Ontario.

Theatre owner acquires Arbutus Ridge Golf Course in B.C.

Andrew Golin, who was raised in Victoria and is now based in Las Vegas, has acquired the 18-hole Arbutus Ridge course, which spans 225 acres, from Yi Jing Golf Club Inc., owned by billionaire property owner Ruby Liu.

Sovereign Partners pays $380M for Manhattan tower

Sovereign Partners is expanding its Midtown Manhattan holdings with the acquisition of 575 Fifth Ave., a 40-storey, 533,695-square-foot office and retail tower for US$380 million from MetLife and Beacon Capital Partners.

Cushman & Wakefield sues Sotheby's over HQ sale commission

Cushman & Wakefield claims Sotheby’s failed to pay a US$10.2M commission for the sale of its former New York City headquarters after the brokerage worked with the buyer of the property.

Self-storage adaptive reuse offers cost, zoning, synergistic benefits

Self-storage owners and operators have embraced the concept of adaptive reuse, especially in cities where building new facilities can be challenging. Cities like Chicago, New York City and Los Angeles are among those with the most converted space.

New hotels create oversupply risk in London's luxury market

The Waldorf Astoria in London is set to open in a few months. It’s going to add to a long list of high-end hotels in the city, at a time when it’s far from certain that demand will keep up.

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