Don Wilcox

Commercial real estate transaction activity in the Greater Toronto and Greater Golden Horseshoe areas slowed considerably in the second half of 2022 after an initial strong carry-over from 2021.  

Salaries for executives in top commercial real estate positions in the Greater Toronto Area increased an average of 15 per cent last year as the “candidate-driven market” continues, says Dan McLeod of recruitment firm Hays in Toronto.  

When it comes to assessing commercial real estate trends in B.C.’s Lower Mainland, “2022 was a sort of ‘tale of two cities,’” according to Doug Pulver, the executive managing director in Colliers’ Vancouver office.

A year after Primaris REIT was spun off as a separate publicly traded entity by its former parent H&R REIT, chief executive officer Alex Avery offered up a long list of accomplishments for his fledgling retail trust.

Rising construction costs, elevated interest rates and a tangle of government-applied costs and restrictions are making it tougher to redevelop Greater Vancouver properties to higher and better uses.

Avenue Living Asset Management was founded in 2006 with the purchase of 24 rental units in Brooks, Alta. for just over $3 million. With its latest acquisitions, the Calgary firm has surpassed $5 billion in assets under management, with continued growth on the horizon.

Urban heat is harming our cities and the people who live in them. A phenomenon called the urban heat island effect is on the rise and local-level decision-makers must act expediently to execute place-based resiliency strategies to mitigate the impacts.

PC Urban Properties and Fiera Real Estate are expanding their Metro Vancouver multifamily investment partnership to develop 141 rental apartments – including 12 townhomes – at a property in South Vancouver.

The Building Owners and Managers Association of Canada (BOMA Canada) held its annual national awards gala to cap off the sold-out BOMEX 2023 conference, announcing 27 award winners in a variety of categories. 

UPDATED: Primaris REIT is continuing to buy premium retail properties across Canada, announcing Monday morning it has an agreement to acquire the Halifax Shopping Centre and the Annex for $370 million.