Office Owners Face Loan Maturity Challenges
A sizable share of office stock in some markets will be subject to maturities over the next three years, according to the latest CommercialEdge report. The office sector faces challenges [...]
Canadian Retail Sales Growth For 2023 Expected To Be ‘Modest’ Following Record-Breaking Numbers Two Years Prior
After a difficult 2020, Canadian retail sales broke a new record in 2021 and did so again in 2022. The question is, “will 2023 follow suit?” With consumer confidence declining [...]
Goodwill Planning To Open Dozens Of Stores In Canada As Thrifting Grows
Goodwill, the number one global brand in resale, is looking to expand in Canada by opening more than 40 stores within the next five years due to the increased popularity [...]
Dollarama Profit Jumps Nearly 19% as High Inflation Drives Canadians to Discount Retailer
Inflation-weary Canadians looking for deals are continuing to visit discount stores more often – a trend that helped boost profits at Dollarama Inc.DOL-T -0.41%decrease DOL-T -0.41%decrease by 18.8 per cent [...]
Hamilton’s Waterfront Development Expected to Generate Millions in Tax Revenue — Eventually
Once completed, the project will have generated $1B in private investment The city's plan to transform Hamilton's waterfront from a hodgepodge of parking lots, trails and buildings into state-of-the-art parks, [...]
Nexus Industrial: $316M in Acquisitions Lined Up so Far in 2023
Nexus Industrial REIT had a busy and successful 2022 and isn’t slowing down in 2023. One major acquisition is complete and other purchases and developments are in the works, as [...]
Canadian Retail Performance Over the Last Two Years Has Been Surprisingly Resilient
The pandemic year of 2020 was obviously tough but also transformative, forcing many retailers across the country to transform into omni-channel sellers to survive amid intermittent lockdowns and uncertainty. Then, [...]
More Growth on Way in Ontario’s Surging Self-Storage Sector
Ontario's 37.3-million-square-foot self-storage sector has grown by more than 4.2 million square feet during the past three years and more space is coming. “Some of that is helping to support [...]
W.P. Carey Pays $468M US to Acquire Apotex GTA Properties
U.S.-based REIT W.P. Carey (WPC-N) announced this morning it will invest $468 million US to acquire a “critical portfolio of four pharmaceutical R&D and manufacturing campuses” in the Greater Toronto [...]
Office Market Sees First Quarterly Net Rent Decline In Years
While it was less than one per cent, the Canadian office market saw its first quarterly asking net rent decline in years in Q1 2023, according to Colliers’ new “National [...]
