Results for: Calgary’s industrial market posted its strongest absorption in three years in the fourth quarter 2025, says a new report from Avison Young. Leasing activity surged late in the year and pushed annual absorption to about 3.3 million square feet, according to the commercial real estate advisory firm. The fourth quarter delivered the strongest absorption since …
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Stellantis is selling its 49% stake in a Windsor, Ont., Ontario electric-vehicle battery manufacturing plant to joint-venture partner LG Energy Solution for a nominal US$100, as the automaker undertakes a broader reset of its electric vehicle strategy. Under the deal, LG Energy Solution will take full ownership of the NextStar Energy plant. Stellantis announced the …
Prime Minister Mark Carney is ordering federal public servants to work in the office four days a week, starting July 6. The order comes after the Carney government previously indicated it would cut thousands of public-service positions, former Justin Trudeau’s Liberal government initiated efforts to repurpose office properties across the country. The Carney government’s return-to-office …
Vancouver city council has decided to hold a public hearing on Marcon’s plan to develop a hotel instead of a condominium project in the city’s West End. Councillors approved a recommendation from city staff this week. The property is situated at 2030 Barclay Street near Lost Lagoon and the main entrance to Stanley Park. The …
Submit Your Nominations Today! Connect is recognizing outstanding commercial real estate deals in 2025 with our first annual Transactions of the Year Awards. We’re preparing to spotlight completed transactions that were exceptional and innovative and helped clients future-proof their businesses. Note: These are qualitative, not quantitative awards. Only transactions that closed in 2025 are eligible. …
Canadian digital-infrastructure investments are attracting diverse sources of capital amid challenging macroeconomic and geopolitical conditions. The wide-ranging investment group includes family offices, high-net-worth individuals, middle-market funds, and institutional investors such as pension funds. More investors are entering the fray now that data-centre investments and development project are expected to expand in the next two years. …
The federal government is investing $1.5 billion to expand Canada’s EV-charging network as part of a broader strategy to transform the country’s auto industry. The funding will flow through the Canada Infrastructure Bank’s Charging and Hydrogen Refueling Infrastructure Initiative and is intended to make EV charging easier and more convenient for drivers across the country. …
Mattamy Homes and Truman have partnered to develop a new 253-acre master-planned community in the Calgary bedroom community of Chestermere, Alta., that will deliver about 1,900 homes. The family-owned builders closed the land deal in January and plan a mix of single-family, semi-detached and townhomes, as well as multi-family apartment buildings, commercial retail space, parkland, …
The Ontario Public Service Employees Union has removed CAAT Pension Plan Chair Don Smith from its board, The Globe and Mail reported. OPSEU representatives on CAAT’s sponsors’ committee formally revoked his appointment, according to the Globe. The media outlet cited confirmation that it received from Darryl Bedford, co-chair of the sponsors’ committee, and CAAT spokesman …
Calgary’s retail real estate market will remain imbalanced for the foreseeable future, says a leading veteran broker who specializes in the asset class. Andrew Sherbut, a Barclay Street partner and vice-president, made the comment in an interview with Connect in the aftermath of the company’s new local quarterly retail property report. “One of the things …
The Vancouver Whitecaps and the provincial Crown corporation that owns B.C. Place Stadium remain at odds over the terms of a new lease. The impasse remains after the B.C. Pavilion Corporation (PavCo) made a revised offer this week that would see the province operate the facility “net-zero” profitability on the club’s tenancy. In other words, …
The Greater Montreal Area is becoming a prime data-centre development hub, according to commercial real estate experts who specialize in the sector. As a result, digital-infrastructure and AI developers now regard the GMA as a prime destination for potential projects, along with key research and innovation. The GMA’s advantages will be the topic of a …
The Real Estate Council of Ontario’s administrator says he could shut down the troubled regulator. Jean Lépine told The Toronto Star that he has not ruled out disbanding RECO as he works under a tight 12-month mandate to reform it in the wake of the iPro Realty scandal, which has given the regulator a black …
Connor Teskey was appointed CEO of Brookfield Asset Management on Wednesday. He succeeds Bruce Flatt, who will continue to chair BAM’s board and remain as CEO of Brookfield Corporation. BAM is a Canadian firm headquartered in New York for the purpose of gaining higher recognition from stock-market indices. The company ranks among the world’s largest …
Toys R Us Canada has filed for creditor protection under the Companies’ Creditors Arrangement Act after obtaining an initial order from the Ontario Superior Court of Justice. “After careful consideration of all reasonably available alternatives, TRU Canada has sought creditor protection under the CCAA to obtain a stay of proceedings as it evaluates its strategic …
Canderel will assume asset, property and leasing management of Tour Deloitte (Deloitte Tower) in downtown Montreal following its sale to Germany’s DekaBank. The class AAA office tower, located at 1190 Avenue des Canadiens-de-Montréal, comprises 513,170 square feet of office space in the core of Montreal’s central business district. Deka recently acquired the property from Cadillac …
Serverfarm plans to expand its existing Toronto data centre by four megawatts as part of a broader push to scale its North American hyperscale platform. The Toronto expansion will be funded through a recently secured US$3-billion credit facility backed by a 23-lender syndicate of institutional investors. The facility closed in December 2025 and is intended …
Board chair Don Smith has been suspended from his position at the CAAT Pension Plan amid mounting governance concerns tied to decisions approved by the board, The Globe and Mail reported Tuesday. The concerns include a large CEO payout and the handling of a workplace relationship involving the chief executive. Smith was suspended by the …
Institutional investors are challenged when it comes to scaling up Canadian data-centre allocations, projects and returns, according to experts who will participate in a panel discussion at the Connect North American Investment in Digital Infrastructure & AI conference in Montreal. According to the panelists, speculative Canadian data-centre investments will be punished, while utility-deposit requirements and regulatory …
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