Generated by All in One SEO v4.9.8, this is an llms.txt file, used by LLMs to index the site. # Toronto Commercial Properties | RE/MAX Hallmark Realty Ltd. ## Sitemaps - [XML Sitemap](https://www.torontocommercialproperties.ca/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Toronto Region's Industrial Market Poised For Demand To Return](https://www.torontocommercialproperties.ca/toronto-regions-industrial-market-poised-for-demand-to-return/) - The Greater Toronto’ Areas industrial market currently has roughly 50 million square feet of space classified as “proposed," a figure that reflects future flexibility rather than near‑term supply pressure. In CoStar terminology, proposed industrial space refers to projects for which a developer has identified a site and stated an intention to build, but has not - [Alinea Land Proposes Mixed-use Project With Dozens Of Buildings In Burlington, Ontario](https://www.torontocommercialproperties.ca/alinea-land-proposes-mixed-use-project-with-dozens-of-buildings-in-burlington-ontario/) - Alinea Land Corp. has proposed a massive mixed-used, transit-oriented development where 36 buildings would rise on a vacant 121-acre site in Burlington, Ontario. If approved, the site at 1200 King Road that Alinea has owned for two decades would be developed into a sprawling master-planned community including 600,000 square feet earmarked for institutional and educational - [Toronto Leads The Nation's Office Recovery](https://www.torontocommercialproperties.ca/toronto-leads-the-nations-office-recovery/) - Toronto is driving the recovery of Canada’s office market, with the region posted three consecutive quarters of tenants moving into at least 1 million square feet more of space than they moved out of in a recent report. Now other markets are starting to see more demand for office space as well. In CBRE’s First - [Canadian Vacancy Rates Drop Across Office, Industrial Sectors](https://www.torontocommercialproperties.ca/canadian-vacancy-rates-drop-across-office-industrial-sectors/) - Vacancy rates for both office and industrial real estate declined nationally in the first quarter, according to Colliers Canada, marking the first time since 2020 that both sectors tightened simultaneously. Colliers’ First Quarter 2026 National Market Snapshot shows the national office vacancy rate dropped by one percentage point year over year to 13.6%. The brokerage - [Construction Set To Start Next Year On One Of North America's Largest Redevelopments](https://www.torontocommercialproperties.ca/construction-set-to-start-next-year-on-one-of-north-americas-largest-redevelopments/) - Site preparation at Northcrest Developments' YZD project, touted as one of the largest redevelopments planned in North America, is underway following last year’s zoning and subdivision approval and construction on its Hangar District is expected to begin in early 2027. The $30 billion YZD project at the 370-acre former Downsview Airport lands is being developed - [KingSett, UPP Ontario Launch Major Market Industrial Investment Venture](https://www.torontocommercialproperties.ca/kingsett-upp-ontario-launch-major-market-industrial-investment-venture/) - KingSett Capital and University Pension Plan Ontario (UPP) have launched a strategic partnership to invest in industrial real estate assets across Canada’s major urban markets. The partnership will focus on acquiring multi-tenant, light industrial buildings in supply-constrained markets, taking a selective approach to assets where active management can enhance long-term value creation. Both KingSett and - [BGO Acquires Toronto's 95 Wellington Office Tower From CF](https://www.torontocommercialproperties.ca/bgo-acquires-torontos-95-wellington-office-tower-from-cf/) - BGO has acquired the 23-storey 95 Wellington St. West office tower in downtown Toronto from Cadillac Fairview. The sale of the class-A property, which comprises approximately 330,000 feet of office space, is the latest sign the office market in the city’s core continues to rebound. The acquisition also illustrates BGO's renewed confidence in the city’s - [BGO Plays Central Role As Sun Life Ups Ante In CRE Investments](https://www.torontocommercialproperties.ca/bgo-plays-central-role-as-sun-life-ups-ante-in-cre-investments/) - BGO played a pivotal role in two major Sun Life Financial Inc. transactions that were announced on March 30 and add several billon dollars in value to the financial firm's commercial real estate portfolio. Sun Life acquired the remaining equity interests in its global real estate investment management advisor, while BGO and multifamily investment and - [Primaris REIT In Solid Position, With Better Results In Forecast: CEO](https://www.torontocommercialproperties.ca/primaris-reit-in-solid-position-with-better-results-in-forecast-ceo/) - Primaris REIT (PMZ-UN-T) got off to a strong start in 2026, reflected by its first-quarter financial and operational results that were discussed in an April 30 conference call. “We're encouraged by the strong leasing momentum across the business,” chief executive officer Alex Avery told investors, analysts and media during the call. “Activity throughout the portfolio - [80 Queen St. East: The Pivot That Unlocked Asset Value](https://www.torontocommercialproperties.ca/80-queen-st-east-the-pivot-that-unlocked-asset-value/) - NEW COLUMNIST: In the wake of COVID-19, a six-storey office podium mid-construction in downtown Toronto effectively lost its entire market value almost overnight. The 108,000-sq.-ft. commercial component of 80 Queen St. East, designed by Hariri Pontarini Architects for St. Thomas Developments, had been conceived as a built-to-sell office campus intended for a large corporation (i.e. - [Busy Doesn’t Mean Performing: What Dwell Time Reveals About Asset Performance](https://www.torontocommercialproperties.ca/busy-doesnt-mean-performing-what-dwell-time-reveals-about-asset-performance/) - For developers and asset managers, attracting people to a site is only part of the equation. Not all busy places perform equally: some attract constant traffic but generate limited on-site activity. Others, even with lower volumes, support stronger leasing, higher spend and more consistent use throughout the day. Across retail, mixed-use and transit-oriented developments, this - [Why Pollinator Gardens Belong In Your Tenant Engagement Strategy, Not Just Your ESG Report](https://www.torontocommercialproperties.ca/why-pollinator-gardens-belong-in-your-tenant-engagement-strategy-not-just-your-esg-report/) - Today we welcome a new column and columnist to RENX: Strathmore president Jessica Milligan will focus on outside operations at a range of commercial real estate property types with her Building Operations: The Outside Edge. In a mandate-driven return-to-office environment, experience still differentiates. Employers may require presence, but buildings influence whether that presence feels like - [Power, Not Space, Is Driving Canada's Data Centre Boom](https://www.torontocommercialproperties.ca/power-not-space-is-driving-canadas-data-centre-boom/) - A clear shift is underway in how data centre projects are being evaluated across Canada. Demand is no longer the question. Across industries including banking, logistics, health care and the public sector, organizations are scaling their digital infrastructure at pace. Artificial intelligence is accelerating that shift, driving higher-density computing requirements and sustained demand for resilient, - [Assessing The Impact Of Toronto’s Hot Class-AAA Office Market](https://www.torontocommercialproperties.ca/assessing-the-impact-of-torontos-hot-class-aaa-office-market/) - ULI-sponsored event features some of Toronto's most significant office owners and operators Toronto’s class-AAA office segment is thriving and a recent event organized by Deloitte and Urban Land Institute Toronto at Deloitte’s downtown Toronto office looked at how it’s impacting the Greater Toronto Area’s overall market. While the office vacancy rate in Toronto’s downtown core - [REMAX Expands Focus On CRE](https://www.torontocommercialproperties.ca/remax-expands-focus-on-cre/) - In its Q1 Canadian CRE report, REMAX finds 'optimism and excitement in the market' After joining REMAX Canada last November as as vice-president of commercial, Damon Conrad is leading the effort to create a formalized commercial real estate platform for a company still best known for its network of residential realtors. Conrad told RENX that, - [Riocan Sees Leasing Lift From Shortage Of 'Well-located Retail Space'](https://www.torontocommercialproperties.ca/riocan-sees-leasing-lift-from-shortage-of-well-located-retail-space/) - RioCan Real Estate Investment Trust, one of the nation's largest REITs, said it's benefiting from both a paucity of well-located available retail space and an increased appetite among top-performing retailers for new locations. The Toronto-based REIT added that it completed development projects totaling approximately 366,000 square feet and transitioned them into income-producing properties during 2025. - [Toronto Office Market Gains Momentum In Effort To Shake Off Covid-19 Hangover](https://www.torontocommercialproperties.ca/toronto-office-market-gains-momentum-in-effort-to-shake-off-covid-19-hangover/) - Toronto’s office market has had more occupiers move into space than move out for the first time in six years. In its Greater Toronto Office Report for the fourth quarter, brokerage Avison Young said downtown Toronto is leading the long recovery from COVID-19. It added that net absorption, or move-ins versus move-outs, across the region - [Country’s Largest Grocery Chain Set To Open 70 Stores This Year As Part Of $2.4 Billion Investment](https://www.torontocommercialproperties.ca/countrys-largest-grocery-chain-set-to-open-70-stores-this-year-as-part-of-2-4-billion-investment/) - Loblaw Cos. Ltd. said it plans to open 70 new stores across the country this year, including dozens of pharmacies and discount-format locations. The Brampton, Ontario-based retailer said the $2.4 billion investment, part of its broader plan to spend $10 billion by 2030 to expand and remodel stores and build distribution centres, will create an - [Landlords Increasingly Weigh Environmental Concerns When Considering Auto Shop Tenants](https://www.torontocommercialproperties.ca/landlords-increasingly-weigh-environmental-concerns-when-considering-auto-shop-tenants/) - Automotive repair shops are finding it difficult to open new locations across Greater Toronto as some landlords say they're hesitant to lease space for auto-repair facilities due to environmental concerns and potential property degradation. Also, having an auto repair and services shop as a long-term tenant can affect an owner's ability to sell its properties, said Monty - [Culture As Infrastructure: What Developers Can Learn From Municipal Placemaking Policies](https://www.torontocommercialproperties.ca/culture-as-infrastructure-what-developers-can-learn-from-municipal-placemaking-policies/) - With construction costs still elevated, entitlement timelines stretching and public scrutiny intensifying, predictability has become a scarce asset. For developers, setbacks rarely come from a single issue. They stem from late-stage friction: shifting expectations, community pushback and redesign cycles that extend approvals, increase carrying costs and complicate phasing, financing and leasing. In response, a quiet - [Major Transactions, Projects Continue As CF Overhauls Portfolio: CEO](https://www.torontocommercialproperties.ca/major-transactions-projects-continue-as-cf-overhauls-portfolio-ceo/) - Acquisitions, dispositions and developments that drove Cadillac Fairview’s asset diversification strategy over the past two years are continuing in 2026, according to president and chief executive officer Sal Iacono. “Two years ago, our portfolio was primarily retail and enclosed shopping centres across the country along with office in major cities across the country,” Iacono told - [Real Estate Returns Remain Below Long-Term Norms](https://www.torontocommercialproperties.ca/real-estate-returns-remain-below-long-term-norms/) - The MSCI/Real Property Association of Canada (REALPAC) Canadian Property Index fell last year from 2024 and remained well below historical norms. The index had a total return on standing assets, excluding developments, of 1.3 per cent in 2025. The income return was 4.93 per cent while capital growth was -2.7 per cent. That compares to - [SmartCentres Ends 2025 on a High: NOI Growth, Development Progress](https://www.torontocommercialproperties.ca/smartcentres-ends-2025-on-a-high-noi-growth-development-progress/) - SmartCentres Real Estate Investment Trust (SRU-UN-T) reported an industry-leading, in-place and committed occupancy of 98.6-per cent in its retail properties while its overall year-end net operating income (NOI) rose by $20.02 million from a year earlier. “SmartCentres continued its strong performance in Q4, closing out 2025 with strong same-property NOI growth, high occupancy levels, competitive - [Shifting Sentiment By Investors, Lenders, Tenants Spells Optimism For GTA Office Market](https://www.torontocommercialproperties.ca/shifting-sentiment-by-investors-lenders-tenants-spells-optimism-for-gta-office-market/) - The GTA's office market is experiencing important shifts in investment sentiment that should provoke optimism, and even bullishness, for the asset class. The catch is that those positive signs and activity are mostly happening around transit-oriented, higher-quality office buildings in the central business district (CBD) and in key suburban markets, which are no longer the - [Slow Recovery in Canadian Office Sector](https://www.torontocommercialproperties.ca/slow-recovery-in-canadian-office-sector/) - These figures are reflective of a slow but steady recovery in the Canadian office leasing landscape during 2025, and came despite Allied selling several assets as part of a previously announced campaign to reduce debt. At the end of 2025, Allied’s occupied and leased area was 85.3 per cent and 87.4 per cent, respectively, steady - [Oxford Puts Prime Downtown Toronto Office Complex On Sale Block](https://www.torontocommercialproperties.ca/oxford-puts-prime-downtown-toronto-office-complex-on-sale-block/) - UPDATED: Oxford Properties is testing the office transaction market with one of its most significant Toronto holdings, placing the Citigroup Place tower in downtown Toronto up for sale. The intention to market and sell the tower at 123 Front St. W., was confirmed to RENX by a source with knowledge of the matter on Monday. - [The Great Decoupling In Industrial Real Estate Leasing](https://www.torontocommercialproperties.ca/the-great-decoupling-in-industrial-real-estate-leasing/) - GUEST SUBMISSION: It’s obvious to most players in the Greater Toronto Area industrial leasing market that the sector has slowed over the past 24 months. What’s less obvious and quite intriguing about the subdued period we find ourselves in now, are the secondary effects this has created. A confluence of factors related to higher vacancy and - [GWLRA to Create Amenities Building for One Adelaide Office Tower](https://www.torontocommercialproperties.ca/gwlra-to-create-amenities-building-for-one-adelaide-office-tower/) - As more and more workers return to downtown offices, the buildings they are returning to are rapidly being upgraded to welcome them. GWL Realty Advisors' One Adelaide East office tower is becoming the most recent example. “During COVID, our largest tenant was going through an analysis of their space, and decided ultimately to consolidate out, - [CRE Transaction Activity Forecast To Take Big Jump](https://www.torontocommercialproperties.ca/cre-transaction-activity-forecast-to-take-big-jump/) - “Uncertainty” remains the watchword for commercial real estate in 2026, according to CBRE’s Canada Real Estate Market Outlook, which nonetheless forecasts a significant eight per cent-plus rise in real estate property sales to one of its highest-ever levels. When added to merger and acquisition activity and portfolio deals, the outlook forecasts up to $56 billion - [Top-10 CRE Transactions of 2025 in the GTA and GGH](https://www.torontocommercialproperties.ca/top-10-cre-transactions-of-2025-in-the-gta-and-ggh/) - Continuing uncertainty pushed total commercial real estate transaction dollar amounts in seven major asset classes and Canadian regions down to $50.6 billion last year — down from $56.4 billion in 2024 and $54.8 billion in 2023 — according to Altus Group. “Any type of uncertainty, despite the decrease in interest rates, just causes people to - [As Older Industrial Buildings Bleed Occupancy, GTA Owners Seek Strategic Upgrades](https://www.torontocommercialproperties.ca/as-older-industrial-buildings-bleed-occupancy-gta-owners-seek-strategic-upgrades/) - By Stephen & Mariya Lilly TorontoCommercialProperties.Ca • February 26, 2026 The industrial real estate market in the Greater Toronto Area (GTA) — long a top performer among commercial real estate asset classes — is undergoing a period of recalibration. Strong demand for modern logistics space continues, but older industrial buildings are increasingly struggling to compete, prompting landlords - [Cadillac Fairview Buys 4 Mississauga Industrial Buildings](https://www.torontocommercialproperties.ca/cadillac-fairview-buys-4-mississauga-industrial-buildings/) - Cadillac Fairview has acquired a portfolio of four newly built, multi-tenant industrial properties comprising 550,000 square feet in the Greater Toronto West district. The Toronto-based commercial real estate investor and operator says the portfolio comprises “best-in-class, LEED Silver Certified assets, which are 100 per cent leased to a diverse mix of tenants, including third-party logistics - [Toronto's Office Sector Shows Signs Of Improvement](https://www.torontocommercialproperties.ca/torontos-office-sector-shows-signs-of-improvement/) - Toronto’s office sector is expecting to see improvement this year as more office workers return to their desks, but new supply and a strong preference by tenants for space in trophy buildings remain obstacles to a stronger recovery. The office vacancy rate in the city of Toronto is 13.1%, and 11% in the overall market. - [HBC, Sears Closings at Primaris Centers Clear Path for Expanding Retailers](https://www.torontocommercialproperties.ca/hbc-sears-closings-at-primaris-centers-clear-path-for-expanding-retailers/) - Primaris REIT’s new leasing strategy, an approach that aims to fill vacancies left by longtime retailers Hudson’s Bay Co. and Sears, reflects Canada’s current economic landscape where shoppers are looking for lower prices. “We've done some leasing with Walmart. They are very keen to expand,” Primaris CEO Alex Avery told CoStar News. “They have a big budget - [Industrial Market's Stabilization May Boost Property Values, Market Liquidity](https://www.torontocommercialproperties.ca/industrial-markets-stabilization-may-boost-property-values-market-liquidity/) - The industrial property investment market in Toronto has fluctuated significantly, a phenomenon that shows up when comparing completed sales from the first 11 months of each year. From $2.33 billion in 2020, sales volumes for that real estate type surged to $7.84 billion in 2023 before pulling back sharply to $3.36 billion in 2024 and - [Multifamily Valuations Face Structural Limits](https://www.torontocommercialproperties.ca/multifamily-valuations-face-structural-limits/) - Toronto’s multifamily market has been buoyed by chronic undersupply, but cracks are beginning to appear. A comparison of total completed property sales for the first 11 months of each year over the past six years reveals that multifamily property sales peaked at $3.36 billion in 2021, before easing to $1.44 billion in 2025. While investor - [Toronto's Office Leasing Recovery May Spur Investment Activity](https://www.torontocommercialproperties.ca/torontos-office-leasing-recovery-may-spur-investment-activity/) - Toronto’s office investment market still faces significant headwinds, with sales volumes plummeting to $1.05 billion in the first 11 months of 2025 from $4.28 billion in 2022, the lowest since the pandemic's onset. But investor sentiment toward office space is gradually improving. Optimism is concentrated in downtown core assets and has been driven primarily by - [Toronto's Retail Investment Outlook Turns Less Optimistic Due To Macroeconomic Factors](https://www.torontocommercialproperties.ca/torontos-retail-investment-outlook-turns-less-optimistic-due-to-macroeconomic-factors/) - Investment in Toronto retail properties has had a strong run, but signs of cooling are beginning to emerge in a reflection of both market dynamics and shifting investor priorities. After peaking at $3.36 billion in 2021, sales of retail properties in the Greater Toronto Area have moderated, dipping to $1.44 billion in the first 11 - [Toronto Leads Office Market Comeback, Industrial Holds Steady](https://www.torontocommercialproperties.ca/toronto-leads-office-market-comeback-industrial-holds-steady/) - The Canadian office market ended 2025 with positive net absorption for the second year in a row, driven by large lease transactions in downtown Toronto, according to CBRE's Q4 office report. Annual net absorption, a measure of office leasing activity, totalled 2.2 million square feet nationwide, with Toronto accounting for 2.65 million square feet of - [Canfirst's Busy Year For Transactions Continues Into 2026](https://www.torontocommercialproperties.ca/canfirsts-busy-year-for-transactions-continues-into-2026/) - CanFirst Capital Management capped off a busy 2025 with two acquisitions and one property sale in December, and the Toronto-based firm plans to remain very active this year. CanFirst, which has more than $1.5 billion of assets under management, should also soon close on the acquisition of two other industrial properties with its CanFirst IncomePlus - [A Big Year For Seniors Housing Investment: 2026 To Be Even Better](https://www.torontocommercialproperties.ca/a-big-year-for-seniors-housing-investment-2026-to-be-even-better/) - Real estate investors are eagerly snapping-up seniors housing assets across the country as rising demand from an aging population, combined with a shortage of new developments is pushing up profitability, brokers say. BJ Bhal and David Kalinowsky, seniors housing transaction specialists with Newmark in Toronto, say 2025 was one of the strongest years for senior - [The RENX Top-20 CRE Stories of 2025](https://www.torontocommercialproperties.ca/the-renx-top-20-cre-stories-of-2025/) - A strong year for retail – despite the exit of one of Canada's most iconic brands, Hudson Bay. A slower, but steady time for the industrial sector. A dramatically different set of circumstances in multifamily. Perhaps most notably, there are more green shoots in the office sector, where a recovery seems to be underway for - [Canadian Hotels Are Thriving, Investors Are Taking Notice](https://www.torontocommercialproperties.ca/canadian-hotels-are-thriving-investors-are-taking-notice/) - Strong and consistent operating fundamentals, resilient revenue streams, inflation-hedging capability and value-add opportunities are bringing the hotel asset class out of the alternative grouping and into the investment mainstream. Colliers managing director of hotels Robin McLuskie led four panellists in discussing the performance of the sector and why it’s growing in appeal during the recent - [CPP Investments Is Forging A Joint Venture To Acquire Up To $3 Billion In Canadian Last-Mile Industrial Properties With Dream Industrial Reit (DIR-UN-T) And Dream Asset Management Corp.](https://www.torontocommercialproperties.ca/cpp-investments-forges-3b-logistics-jv-with-dream-industrial/) - The venture is to have an equity allocation of $1.1 billion and be seeded with an $805-million portfolio of 12 properties from Dream Industrial. The seed properties comprise approximately 3.6 million square feet of space in four major markets, following the investment thesis for the venture. “The Canadian industrial sector continues to demonstrate resilient demand - [Sunray Group Buys Podium At 80 Queen St. E For Toronto Hotel](https://www.torontocommercialproperties.ca/sunray-group-buys-podium-at-80-queen-st-e-for-toronto-hotel/) - Sunray Group has acquired the 108,000-square-foot podium of a downtown Toronto mixed-use development that was originally intended for office space and will convert it into a 164-key AC by Marriott Hotel. The four-tower, 1.05-million-square-foot complex also includes towers which are already completed and occupied: rental apartment units owned by Fitzrovia and condominium units developed and - [Are Canada's Banks On The Brink Of An Office Leasing Spree?](https://www.torontocommercialproperties.ca/are-canadas-banks-on-the-brink-of-an-office-leasing-spree/) - Canada's banks could increase their office space leasing by up to 1.5 million square feet during 2026, according to a prediction by Oxford Properties' Kevin Hardy during the Real Estate Forum in Toronto. “What we're going to experience in Q4 of this year and Q1 of next year is probably the biggest and fastest take-up - [Tech Companies Pick Up Pace Of Downtown Toronto Office Leasing](https://www.torontocommercialproperties.ca/tech-companies-pick-up-pace-of-downtown-toronto-office-leasing/) - The technology industry’s share of downtown Toronto office leasing has increased from 10 per cent last year to 15 per cent this year, according to Avison Young, ranking it second to the financial services sector at 46 per cent. “It's a validation of the strength of the local tech market we have here,” Avison Young - [The Gap Between The Vacancy And Availability Rates In Toronto’s Office Market Has Narrowed Back To Pre-covid Averages, A Promising Sign Of Stabilization.](https://www.torontocommercialproperties.ca/the-gap-between-the-vacancy-and-availability-rates-in-torontos-office-market-has-narrowed-back-to-pre-covid-averages-a-promising-sign-of-stabilization/) - While similar, the two metrics differ slightly and the gap between them can be used to gauge the trajectory of the leasing market. Vacancy refers to office space that is unoccupied and not generating income, whereas availability includes vacant space as well as office space that may still be occupied but is currently being marketed - [Party May Be Coming To An End For Retail - Property Type Faces Headwinds Nationally As Macroeconomic Clouds Gather](https://www.torontocommercialproperties.ca/party-may-be-coming-to-an-end-for-retail-property-type-faces-headwinds-nationally-as-macroeconomic-clouds-gather/) - Retail real estate values are shaped by both economic conditions and demographic trends, and it’s not just about having money circulating in the economy. Ideally, you want lots of different people buying things. In Canada, population growth has been a powerful tailwind for retail demand. The pace at which new consumers have entered the market - [Centrecourt Kicks Off First Phase Of Downtown Pickering Development With Pair Of Condo Towers](https://www.torontocommercialproperties.ca/centrecourt-kicks-off-first-phase-of-downtown-pickering-development-with-pair-of-condo-towers/) - CentreCourt has launched construction of one of the largest mixed-use developments in the Toronto area with the start of construction on the first two condominium towers planned at Pickering City Centre. When fully built out, the project would contain 6,000 new homes in more than 10 towers, a revitalized shopping centre and park space. The - [Office Property Owners Can Generate More Revenue And Increase Tenant Satisfaction By Reorganizing Their Parking Spaces With Innovations Such As Dynamic Pricing And Shared Parking Passes](https://www.torontocommercialproperties.ca/office-property-owners-can-generate-more-revenue-and-increase-tenant-satisfaction-by-reorganizing-their-parking-spaces-with-innovations-such-as-dynamic-pricing-and-shared-parking-passes/) - The changes could be key to increasing the attractiveness of returning to the office, at a time when companies increasingly are tightening their work-from-home policies, said Lindenberger, who's based in Austin, Texas. "The parking experience is often the first and the last touchpoint for consumers" at an office property, Lindenberger said during a panel on - [Big Q3 For Toronto's Office Leasing Sector](https://www.torontocommercialproperties.ca/big-q3-for-torontos-office-leasing-sector/) - Toronto’s downtown office market recorded one of its best quarters in years during Q3, with the vacancy rate dropping 150 BPS to 17 per cent thanks to 1.5 million square feet of positive net absorption, according to CBRE’s Canada Office Figures Q3 2025 report. Citywide in Toronto, the vacancy rate for all classes dipped 90 - [Today’s E-commerce And Omnichannel Retail Landscape Is Pushing Shopping Centres To Find New Ways To Stay Relevant And Reinvent Themselves As Physical Destinations.](https://www.torontocommercialproperties.ca/todays-e-commerce-and-omnichannel-retail-landscape-is-pushing-shopping-centres-to-find-new-ways-to-stay-relevant-and-reinvent-themselves-as-physical-destinations/) - Today’s e-commerce and omnichannel retail landscape is pushing shopping centres to find new ways to stay relevant and reinvent themselves as physical destinations. We are also seeing many older local malls across North America still struggling with how they can deliver value to the communities they were built to serve. Layering on the lasting effects - [Hotels Sector 'Golden Child' For Real Rstate Investors: CFO Capital](https://www.torontocommercialproperties.ca/hotels-sector-golden-child-for-real-rstate-investors-cfo-capital/) - An extended run of growth and investment has made hotels a "golden child" of asset classes according to CFO Capital president Mark Kay, whose firm has become a major investor in the sector. Revenue per available room (RevPAR) at Canadian hotels broke the $200 barrier for the first time in August, according to CoStar data, - [The Acquisitions Of Two Additional Toronto Data Centres Marks The Latest Canadian Expansion For Cologix](https://www.torontocommercialproperties.ca/the-acquisitions-of-two-additional-toronto-data-centres-marks-the-latest-canadian-expansion-for-cologix/) - The acquisitions of two additional Toronto data centres marks the latest Canadian expansion for Cologix, a Denver-based company that has been steadily expanding its holdings north of the border. It won't be the last. Cologix recently acquired full ownership of TOR4, a hyperscale data centre in Markham, Ont., through the purchase of former development joint - [BGO Acquires $143M GTA Crossdock Distribution Centre](https://www.torontocommercialproperties.ca/bgo-acquires-143m-gta-crossdock-distribution-centre/) - BGO has acquired a 640,000-square-foot distribution centre at 11400 Steeles Ave. E., just northwest of Toronto, for $143 million from IG Wealth Management’s IG Mackenzie Real Property Fund. “We submitted a bid that we thought was reflective of the risk profile of the asset, and we were pleased to be the successful purchaser of the - [Large Toronto Small-bay Industrial Property Sold To Kingsett](https://www.torontocommercialproperties.ca/large-toronto-small-bay-industrial-property-sold-to-kingsett/) - KingSett Capital has added a coveted commercial and industrial asset to its portfolio, acquiring a three-building, 170,000-square-foot small-bay property along Toronto's Finch Ave. West for $37 million. Located at 1177, 1179 and 1181 Finch Ave. West, near Keele Street in northwest Toronto, the property likely represents a value-add opportunity for KingSett, according to Vanguard Realty - [New York City-based Veyron Has Acquired A Newly Built 1.26-million Square Foot Distribution Centre In Innisfil](https://www.torontocommercialproperties.ca/new-york-city-based-veyron-has-acquired-a-newly-built-1-26-million-square-foot-distribution-centre-in-innisfil/) - Veyron senior managing member Patrick Duffy told RENX the company paid “just a little over $300 million” for the property. The distribution centre is on a 55-acre site at 3575 Innisfil Beach Rd. — just off Highway 400 south of Barrie, and about an hour’s drive north of Toronto. It encompasses 1.23 million square feet of warehouse - [Morguard Creates Smart Building Living Labs At 3 Of Its Properties](https://www.torontocommercialproperties.ca/morguard-creates-smart-building-living-labs-at-3-of-its-properties/) - Morguard Corporation has partnered with Canada’s Centre of Excellence in Next Generation Networks (CENGN) and Nokia to launch three Smart Building Living Labs in Montreal, Toronto and Ottawa. The $6.5-million project gives Canadian startups and scale-ups a unique opportunity to advance technologies designed to make buildings safer, more efficient and more connected. “The partnership was - [Montreal’s Cogir Real Estate Has Acquired Bayfield Realty Advisors And Its Portfolio Of 18 Properties Across Canada, Adding Over 2.54 Million Square Feet Of Retail And Commercial Assets To Its Holdings](https://www.torontocommercialproperties.ca/montreals-cogir-real-estate-has-acquired-bayfield-realty-advisors-and-its-portfolio-of-18-properties-across-canada-adding-over-2-54-million-square-feet-of-retail-and-commercial-assets-to-its/) - The transaction marks two major milestones, one for each of the companies. First, Cogir is making its first commercial expansion outside its home province of Quebec. And for Bayfield, the transaction comes as the company’s founder Harold Spring announces his retirement after two decades of guiding the firm. Bayfield has specialized in the management and - [Panattoni Develops Full Slate Of Toronto-area Industrial Projects](https://www.torontocommercialproperties.ca/panattoni-develops-full-slate-of-toronto-area-industrial-projects/) - Panattoni Development Company Canada has been one of the most active industrial developers across the Greater Toronto Area (GTA) in recent years, and continues to advance projects which will add millions of square feet to the region's inventory. In partnership with Mobile Climate Control (MCC), Panattoni has just broken ground on its latest project: MCC’s - [First Capital REIT (FCR-UN-T) Plans To Reorganize Its Corporate Structure By Eliminating Its Real Property Subsidiary First Capital Realty And Moving All Of Its Assets Into Subsidiary Partnerships And Trusts, The REIT Has Announced](https://www.torontocommercialproperties.ca/first-capital-reit-fcr-un-t-plans-to-reorganize-its-corporate-structure-by-eliminating-its-real-property-subsidiary-first-capital-realty-and-moving-all-of-its-assets-into-subsidiary-partnerships-and/) - The proposal has the unanimous support of First Capital REIT’s board of trustees, but remains subject to a range of approvals including a vote by its unitholders. First Capital plans a special meeting of unitholders later this year to seek that approval. “The arrangement is expected to simplify First Capital's operating structure and reduce the - [KingSett Fund Acquires 50% Stake In CF Masonville Place](https://www.torontocommercialproperties.ca/kingsett-fund-acquires-50-stake-in-cf-masonville-place/) - KingSett Capital has acquired a 50 per cent stake in the CF Masonville Place in London, Ont., which it calls a “dominant regional shopping centre,” on behalf of the firm’s KingSett Growth LP8 Fund. KingSett made the announcement via a LinkedIn post. CF Masonville Place is a 686,000-square-foot enclosed shopping centre with approximately 160 stores, - [Five Partners Develop $200M Windsor-Area Shopping Centre](https://www.torontocommercialproperties.ca/five-partners-develop-200m-windsor-area-shopping-centre/) - A joint venture involving five partners developing The Shoppes at Heritage, a 250,000-square-foot retail centre in suburban Windsor, Ont., just might be the beneficiary of a "right place, right time," situation. McDonald’s and Tim Hortons outlets will open before the end of this year to kick off the first phase of shopping centre in the - [Land Valuation: Doing the Math](https://www.torontocommercialproperties.ca/test-1/) - We use the numbers put forth in “Land Valuation: Methods for coming up with the numbers”. If you are not sure how we came up with the numbers, please refer there. First you take your estimated Value (e.g. $4,000,000), subtract the Estimated costs ($2,000,000) to arrive at the approx. Land Value, which is now evident - [Land Valuation: Methods for coming up with the numbers](https://www.torontocommercialproperties.ca/test2/) - 1) Figure out how much the future value of the property will be worth. There are quite a few ways to come up with this… a) Direct Comparison – This type of analysis is done by looking at recent sales of similar properties/projects (not the land, but the property after everything has been built), in similar - [Land Valuation: How to Calculate Land Value](https://www.torontocommercialproperties.ca/test3/) - When people new to investing/developing first get started looking for land to purchase, they tend to depend on their solely on real estate agent to provide comparable properties to calculate land value. This by itself, however, is not the best way to figure out what to pay for land. If you rely on comparable property - [Commercial real estate in a nutshell](https://www.torontocommercialproperties.ca/commercial-real-estate-in-a-nutchell/) - Commercial real estate is a complex business that can be intimidating to first time investors but with the help of a professional commercial real estate like Stephen Lilly, the pay-off can be substantial. The benefits of owning commercial real estate are unique. For example, commercial property is valued differently than residential real estate. Rather than - [Benefits to Proper Pricing](https://www.torontocommercialproperties.ca/benefits-to-proper-pricing/) - 1. Faster Sale When your home sells faster you save carrying costs, mortgage payments, other ownership costs and is less stress on your family. 2. Less Inconvenience If you have moved before you know the energy it takes to prepare for showing; keep the home clean, make child care arrangements and alter your lifestyle. Proper - [Retail Market Changing.... Are you prepared?](https://www.torontocommercialproperties.ca/retail-market-changing-are-you-prepared/) - RioCan says focused on major markets, ready to weather retail challenges TORONTO - RioCan Real Estate Investment Trust says it is well-positioned to weather challenges in the retail landscape as it focuses on necessity-based retailers and major urban centers. Click Here to Read More - [Amazon Go Grocery store set to open soon in Seattle's Capitol Hill neighborhood](https://www.torontocommercialproperties.ca/amazon-go-grocery-store-set-to-open-soon-in-seattles-capitol-hill-neighborhood/) - Amazon wants to kill the supermarket checkout line. The online retailing giant is opening its first cashier-less supermarket, where shoppers can grab milk or eggs and walk out without waiting in line or ever opening their wallets. It's the latest sign that Amazon is serious about shaking up the $800 billion grocery industry. At the - [530 Front St. W. in Toronto - majority stake is bought by Carttera](https://www.torontocommercialproperties.ca/530-front-st-w-in-toronto-majority-stake-is-bought-by-carttera/) - Carttera has acquired a majority interest in a block of property at 530 Front St. W. Toronto, slated to become the site of a 530,000-square-foot office development currently known as Portland Commons. The property is in the King West neighbourhood at the intersection of Front Street West and Portland Street and backs onto Wellington Street West. The - [Commercial real estate outlook for 2020](https://www.torontocommercialproperties.ca/commercial-real-estate-outlook-for-2020/) - The bright lights of the 2019 Canadian commercial real estate market have been the industrial and downtown office categories and the Toronto and Vancouver markets, analysts say. “The office leasing category has been really strong, other than Calgary, with Toronto leading the way and Vancouver not far behind,” says Scott Addison, president of brokerage services - ['Largest mixed-use downtown development' in Canada is planned to be in Mississauga](https://www.torontocommercialproperties.ca/largest-mixed-use-downtown-development-in-canada-is-planned-to-be-in-mississauga/) - Oxford and AIMCo target Mississauga to develop 'largest mixed-use downtown development' in Canada Pension funds plan to transform a swath of parking lots around the Square One mall into a high-density living and working zone Developers backed by Ontario and Alberta pension funds plan to transform a swath of parking lots around a Mississauga mall - [Massive Downsview Development Gets Green Light](https://www.torontocommercialproperties.ca/massive-downsview-development-gets-green-light/) - A pension fund and a federal government corporation have come together to develop 520 acres in Downsview, in what could turn out to be the largest urban development project in the country. Northcrest, a real estate arm of the Public Sector Pension Investment Board, and the federal landowner, Canada Lands Company, are now in the early stages - [Canada can easily handle more flex office space - Large companies incorporating flex space](https://www.torontocommercialproperties.ca/canada-can-easily-handle-more-flex-office-space-large-companies-incorporating-flex-space/) - Canada can easily handle more flex office space. The amount of flex office space in Canada increased by 59 per cent over the past three years, but a new Colliers study asserts the sector still has a lot of room to grow in the country’s major cities. “Growth is accelerated right now because, other than IWG, there are - [Coronavirus: Toronto city councillor calls for postponement of commercial property taxes](https://www.torontocommercialproperties.ca/coronavirus-toronto-city-councillor-calls-for-postponement-of-commercial-property-taxes/) - A Toronto city councilor is calling for commercial property taxes, water and waste collection bills to be postponed for local businesses in the city amid the novel coronavirus pandemic. Coun. Brad Bradford, who represents Beaches-East York, called on Mayor John Tory to support the measures in a letter sent on Saturday. “In the days and weeks since the COVID-19 - [The Big 6 Banks say they will allow customers to defer mortgage payments for up to 6 months among other changes.](https://www.torontocommercialproperties.ca/the-big-6-banks-say-they-will-allow-customers-to-defer-mortgage-payments-for-up-to-6-months-among-other-changes/) - TORONTO -- Canada's big banks are moving to provide financial breathing room to customers hurt by disruptions from the steps taken to slow the spread of COVID-19. The big six banks say they will allow customers to defer mortgage payments for up to six months among other changes. The banks urged Canadians or business owners - [Prime Minister announces more support for workers and businesses through Canada’s COVID-19 Economic Response Plan](https://www.torontocommercialproperties.ca/prime-minister-announces-more-support-for-workers-and-businesses-through-canadas-covid-19-economic-response-plan/) - Support for businesses In the face of an uncertain economic situation and tightening credit conditions, the Government is taking action to help affected businesses. To support Canadian businesses and help them retain their workers during this difficult time, the Government is announcing measures to: Allow all businesses to defer, until after August 31, 2020, the - [Commercial real estate will ‘hold up relatively well’ amidst coronavirus fears](https://www.torontocommercialproperties.ca/commercial-real-estate-will-hold-up-relatively-well-amidst-coronavirus-fears/) - Commercial real estate investments will fare well in the face of the coronavirus, which has sent equity markets plummeting to record lows. Fears over the coronavirus will cause a short-term slowdown in commercial real estate transactions, but investments in office, retail and warehouse properties will be more resilient than other asset classes, say experts. Compared to - [COVID-19 - OFFICE Sector Implications - Commercial Real Estate](https://www.torontocommercialproperties.ca/covid-19-office-sector-implications-commercial-real-estate/) - As a result of the COVID-19 pandemic, investors, landlords and tenants are assessing impacts, adjusting operations and building and executing contingency plans to support people and their businesses. The following assesses the impact of COVID-19 on the Office sector in the Canadian commercial real estate space and how key considerations can help through this changing - [COVID-19 - INDUSTRIAL/ SUPPLY Chain Sector Implications - Commercial Real Estate](https://www.torontocommercialproperties.ca/covid-19-industrial-supply-chain-sector-implications-commercial-real-estate/) - As a result of the COVID-19 pandemic, investors, landlords and tenants are assessing impacts, adjusting operations and building and executing contingency plans to support people and their businesses. The following assesses the impact of COVID-19 on the Industrial/Supply Chain sector in the Canadian commercial real estate space and how key considerations can help through this - [COVID-19 - RETAIL Sector Implications - Commercial Real Estate](https://www.torontocommercialproperties.ca/covid-19-retail-sector-implications-commercial-real-estate/) - As a result of the COVID-19 pandemic, investors, landlords and tenants are assessing impacts, adjusting operations and building and executing contingency plans to support people and their businesses. The following assesses the impact of COVID-19 on the Retail sector in the Canadian commercial real estate space and how key considerations can help through this changing - [COVID-19 - INVESTMENT Sector Implications - Commercial Real Estate](https://www.torontocommercialproperties.ca/covid-19-investment-implications-commercial-real-estate/) - As a result of the COVID-19 pandemic, investors, landlords and tenants are assessing impacts, adjusting operations and building and executing contingency plans to support people and their businesses. The following assesses the impact of COVID-19 on the Investment sector in the Canadian commercial real estate space and how key considerations can help through this changing - [COVID-19 - HOTEL Sector Implications - Commercial Real Estate](https://www.torontocommercialproperties.ca/covid-19-hotel-implications-commercial-real-estate/) - As a result of the COVID-19 pandemic, investors, landlords and tenants are assessing impacts, adjusting operations and building and executing contingency plans to support people and their businesses. The following assesses the impact of COVID-19 on the Hotel sector in the Canadian commercial real estate space and how key considerations can help through this changing - [COVID-19 - CONSTRUCTION Sector Implications - Commercial Real Estate](https://www.torontocommercialproperties.ca/covid-19-construction-implications-commercial-real-estate/) - As a result of the COVID-19 pandemic, investors, landlords and tenants are assessing impacts, adjusting operations and building and executing contingency plans to support people and their businesses. The following assesses the impact of COVID-19 on the Construction sector in the Canadian commercial real estate space and how key considerations can help through this changing - [Three Toronto high-rise condo projects started by Cresford Developments in receivership](https://www.torontocommercialproperties.ca/three-toronto-high-rise-condo-projects-started-by-cresford-developments-in-receivership/) - Three Yorkville luxury condo projects are in receivership Three luxury condominium projects in the Yorkville area by Cresford Developments have gone into receivership, it was reported on April 1. The projects in question include 33 Yorkville Avenue as well as the Halo and the Clover condos representing a total of approximately 2,000 units. By all - [Toronto Mayor just asked landlords to give small businesses a break when it comes to rent .](https://www.torontocommercialproperties.ca/toronto-mayor-just-asked-landlords-to-give-small-businesses-a-break-when-it-comes-to-rent/) - Mayor John Tory has put out a statement calling for commercial landlords in Toronto to cut their tenants some slack during the COVID-19 pandemic. In a video uploaded to his YouTube channel Saturday, the mayor called for landlords to "try and make some arrangement" with restaurant- and shop-owners to ease the financial burden of rent during the closure of all non-essential - [Canadian Real Estate - One In Ten Canadian Restaurants Have Permanently Closed Already](https://www.torontocommercialproperties.ca/canadian-real-estate-one-in-ten-canadian-restaurants-have-permanently-closed-already/) - Canadian Real Estate One In Ten Canadian Restaurants Have Permanently Closed Already. Canada’s restaurant industry is one of the hardest hit by COVID-19, and a lot of the damage is permanent. The industry estimates over 800,000 restaurant jobs were lost in March. They also estimate 1 in 10 restaurants have permanently shuttered, and almost 2 in - [SPH Pulls Out of Senior Facility Deal](https://www.torontocommercialproperties.ca/sph-pulls-out-of-senior-facility-deal/) - In late February, Singapore Press Holdings announced a $233.9M purchase of six senior housing properties in Canada from Seattle’s Columbia Pacific Advisors. The properties, five of which are located in Ontario, comprised 717 suites, with the average occupancy of the portfolio said to exceed 90% for the last three years. The properties included Heritage Meadows - [Commercial Landlords across Canada should brace for rent strikes in May](https://www.torontocommercialproperties.ca/commercial-landlords-across-canada-should-brace-for-rent-strikes-in-may/) - Landlords bracing for rent strikes across Canada as coronavirus kills daily-wage jobs. The restaurant and retail industries have been hit hard, making rent payment a flashpoint expense for both employers and employees. TORONTO — Landlords across Canada should brace for rent strikes in May unless the government steps in with rental subsidies for occupants as - [The Commercial Real Estate sector could take as long as 30 months to rebound.](https://www.torontocommercialproperties.ca/the-commercial-real-estate-sector-could-take-as-long-as-30-months-to-rebound/) - Commercial Real Estate recovery will trail the economic rebound and will span 12 to 30 months, depending on the sector. As Recession Timeline Emerges, Canadian Sectors Scramble For Relief. The commercial real estate sector could take as long as 30 months to rebound from the world's ensuing recession, a new report says. “CRE recovery will - [“How to appraise commercial properties while considering the impact of COVID-19?”](https://www.torontocommercialproperties.ca/how-to-appraise-commercial-properties-while-considering-the-impact-of-covid-19/) - Oliver Tighe Executive Managing Director, Commercial Appraisal Group, Ontario Performing appraisals during the COVID-19 crisis: Points to consider. In the preceding weeks, I have had many calls from owners, lenders and other appraisers with regard to the impact of the COVID-19 pandemic on commercial property values. Most are concerned that commercial properties have substantially decreased - [Canadian Government Announces Rent Assistance for Small and Medium Sized Retailers](https://www.torontocommercialproperties.ca/canadian-government-announces-rent-assistance-for-small-and-medium-sized-retailers/) - "We will always be there to support our Canadian businesses. That is why we are working closely with the business community to make sure that our emergency measures are as effective and inclusive as possible. Expanding the Canada Emergency Business Account and making sure businesses can afford their rent is the smart thing to do. - [Canadian hotels have been major victims of COVID-19](https://www.torontocommercialproperties.ca/canadian-hotels-have-been-major-victims-of-covid-19/) - Canada’s hotel sector was hit early and hard by the COVID-19 crisis, and a March 16 webinar addressed stakeholders seeking solutions and grappling with challenges. How bad are things? Colliers Hotels managing director Robin McLuskie, who co-moderated the webinar with CFO Capital president Mark Kay, outlined these hard facts to 1,000 viewers — the maximum amount of people who - [Commercial Office and Residential Development Complex Proposed at Jane and Hwy 7 in Vaughan](https://www.torontocommercialproperties.ca/commercial-office-and-residential-development-complex-proposed-at-jane-and-hwy-7-in-vaughan/) - Approaching two and a half years after the TTC subway's first train to its new northwestern terminus at Vaughan Metropolitan Centre station, the surrounding area is a hotbed of construction activity and large-scale development proposals, part of the suburban city's new Downtown forming around Jane Street and Highway 7. At the northwest corner of that - [VANDYK Mixed-Use Development with Integrated Mimico GO Station.](https://www.torontocommercialproperties.ca/vandyk-mixed-use-development-with-integrated-mimico-go-station/) - The languishing site of the On The GO Mimico condo development—which ceased construction before reaching grade when its developer failed—could soon be host to a two-tower mixed-use project. A rezoning application was submitted for the property at 327 Royal York Road in October, 2019 by VANDYK Group of Companies which envisions 29 and 44-storey residential towers and commercial space - [RioCan, SmartCentres offer insight into pandemic impact](https://www.torontocommercialproperties.ca/riocan-smartcentres-offer-insight-into-pandemic-impact/) - As unit prices take a hit from the general market downturn and measures to control COVID-19 — RioCan was off more than 40 per cent year-to-date (as of close April 21), SmartCentres down over 30 per cent, Choice down about nine per cent — the companies are focusing efforts to assist tenants and prepare their - [What is Retail Industry facing now during COVID-19?](https://www.torontocommercialproperties.ca/what-is-retail-industry-facing-now-during-covid-19/) - While the retail sector has had its share of challenges over the past few years, they pale in comparison to what it’s facing now. “Never have we experienced a threat as acute as what we’re experiencing today, living with COVID-19,” said RBC Capital Markets Real Estate director Nurit Altman, who moderated an April 21 Canadian Real Estate Forums webinar - [Revised Plans Submitted for Wellesley-Parliament Square Revitalization](https://www.torontocommercialproperties.ca/revised-plans-submitted-for-wellesley-parliament-square-revitalization/) - A proposal to add a new high-rise residential tower and a number of complementary mid- and low-rise buildings to Toronto's St. James Town area has been revised since it was first submitted to the City by Greatwise Developments in April, 2018. The Official Plan and Zoning Bylaw Amendment applications call for a comprehensive revitalization of Wellesley-Parliament Square through the - [ViveRE is acquiring a newly built, multi-unit residential property at 75 Emma St in Oshawa.](https://www.torontocommercialproperties.ca/vivere-is-acquiring-a-newly-built-multi-unit-residential-property-at-75-emma-st-in-oshawa/) - Halifax-based ViveRE Communities Inc. (VCOM-X) has confirmed it will proceed with its two most recent purchases of apartment properties in Oshawa and Moncton for $37.3 million. The acquisitions will double the size of ViveRE’s portfolio to 446 units in Eastern Canada. It was formed in 2017 from the remnants of the former NSX Silver mining company. - [BentallGreenOak acquires 50% of Waterfront Innovation Centre](https://www.torontocommercialproperties.ca/bentallgreenoak-acquires-50-of-waterfront-innovation-centre/) - BentallGreenOak is expanding its relationship with Menkes Developments at major downtown Toronto properties, acquiring a 50 per cent interest in the Waterfront Innovation Centre. The 475,000-square-foot office and retail development on Toronto’s east waterfront is currently under construction and scheduled for occupancy in 2021. BentallGreenOak made the transaction on behalf of the Sun Life Assurance Company. Financial details were - [Q1 2020 Commercial Mortgage Commentary](https://www.torontocommercialproperties.ca/commercial-mortgage-commentary-q1-2020/) - CMLS Mortgage Analytics Group The Commercial Mortgage Commentary aims to inform the market about commercial real estate finance news. It focuses on the following capital sources for commercial real estate: Conventional Mortgages, CMHC-Insured Mortgages, Commercial Mortgage Backed Securities (CMBS), High Yield Mortgages, First Mortgage Bonds, and Senior Unsecured debt for REITs and REOCs. CMLS Lenders - [Goodfood Announces New Fulfillment Centre in Toronto to Meet Canadians’ Surging Appetite for Online Grocery](https://www.torontocommercialproperties.ca/goodfood-announces-new-fulfillment-centre-in-toronto-to-meet-canadians-surging-appetite-for-online-grocery/) - MONTREAL, April 30, 2020 (GLOBE NEWSWIRE) -- Goodfood Market Corp. (“Goodfood” or “the Company”) (TSX:FOOD), a leading online grocery company in Canada, announced today it has signed a lease for its first fulfillment centre in the Greater Toronto Area, further expanding its countrywide operating footprint. Fulfilment of orders at the facility will begin before the - [As pandemic raises risk, cap rates ‘will start to go up’](https://www.torontocommercialproperties.ca/as-pandemic-raises-risk-cap-rates-will-start-to-go-up/) - The severity of COVID-19’s impact on the Canadian commercial real estate market is not yet known as the situation continues to unfold and forecasts are adjusted. As an industry benchmark, one of the most pressing questions is what the pandemic will mean for cap rates. Why cap rates are likely to go up The capitalization - [One of Canada's biggest landlords says real estate will be in upheaval until 2022.](https://www.torontocommercialproperties.ca/one-of-canadas-biggest-landlords-says-real-estate-will-be-in-upheaval-until-2022/) - Tenants face months of reduced business, which will make paying rent difficult, Dream Office REIT CEO says. Commercial landlords should prepare for hard days ahead as tenants face months of reduced business, according to the head of one of Canada’s largest real estate groups. It will be 2022 before a “new normal” takes hold in - [Some Canadian banks freeze new financing for commercial properties on COVID-19 concerns](https://www.torontocommercialproperties.ca/some-canadian-banks-freeze-new-financing-for-commercial-properties-on-covid-19-concerns/) - TORONTO(Reuters) - Some Canadian banks have frozen new lending for smaller commercial property purchases, in some cases withdrawing letters of intent, as the coronavirus crisis raises concerns about owners’ ability to make payments, mortgage and real estate brokers said. The tighter lending environment will likely result in a rise in distressed sales of commercial properties - [COVID-19’s potential impact on Commercial Real Estate valuations, by asset class.](https://www.torontocommercialproperties.ca/covid-19s-potential-impact-on-commercial-real-estate-valuations-by-asset-class/) - While it’s still too early to know long-term repercussions, companies are currently carrying out stress tests, forecasts, analyses and covenant-checks of assets to try to avoid surprises later. Theoretically, property values should be moving lower as risks have increased and cash flow has likely weakened. However, as long as companies and high-net-worth investors seek to - [Brookfield Property’s Q1 losses come as retail tenants miss payments](https://www.torontocommercialproperties.ca/brookfield-propertys-q1-losses-come-as-retail-tenants-miss-payments/) - CEO Brian Kingston said company is negotiating with nearly 2.5K tenants, including those seeking deferrals and abatements. Brookfield Property Partners is now negotiating with 2,400 of its retail tenants across the country who have been unable to come up with the rent. That inability to pay has cut deeply into Brookfield’s bottom line. Its first quarter - [How COVID-19 is shifting global CRE investment strategies](https://www.torontocommercialproperties.ca/how-covid-19-is-shifting-global-cre-investment-strategies/) - The COVID-19 pandemic is affecting commercial real estate investment in different ways in different areas of the world. A May 6 Real Estate Forums webinar examined how, through the early days of the pandemic, major Canadian and international investors are adjusting portfolio and investment strategies. The panel was moderated by Brad Olsen, founder and president of Atlantic Partners, - [Retail tenants hopeful over federal relief plan, but landlords reluctant to join.](https://www.torontocommercialproperties.ca/retail-tenants-hopeful-over-federal-relief-plan-but-landlords-reluctant-to-join/) - Bill Pratt hasn’t paid some $70,000 in rent for his restaurants in Atlantic Canada since April after having to shutter operations due to the COVID-19 pandemic and experiencing a “critical” sales drop. “There’s no way I can make it,” said Pratt, the CEO of Chef Inspired Group of Restaurants and Food Trucks. “I can’t pay 100 per - [MSCI/REALPAC property index dips to open 2020. Industrial top-performing asset class.](https://www.torontocommercialproperties.ca/msci-realpac-property-index-dips-to-open-2020-industrial-top-performing-asset-class/) - The total return on investment of all assets measured by the MSCI/REALPAC Canada Annual Property Index slipped to 4.6 per cent in Q1 2020 from the 7.5 per cent annual rate for 2019. “As of near the end of March, public markets have clearly taken a very sharp decline, but have come back a bit - [Northcrest Developments and Canada Lands Study Future of Downsview Airport Lands](https://www.torontocommercialproperties.ca/northcrest-developments-and-canada-lands-study-future-of-downsview-airport-lands/) - A myriad of notable Toronto city-builders are coming together to plan the future of over 500 acres of property at Downsview. In the wake of the TTC subway extension, GO service expansion, Bombardier selling its Downsview manufacturing facility in 2018, and the airport ceasing operations in 2023, a planning framework designed to shape the lands - [A mixed-use project in Toronto's Entertainment District will soon bring a mix of office, residential rental, and hotel uses.](https://www.torontocommercialproperties.ca/a-mixed-use-project-in-torontos-entertainment-district-will-soon-bring-a-mix-of-office-residential-rental-and-hotel-uses/) - 19 Duncan's Underground Levels Take Shape Behind Heritage Facades. A mixed-use project in Toronto's Entertainment District will soon bring a mix of office, residential rental, and hotel uses to the southeast corner of Duncan Street and Adelaide Street West. Westbank Corp and Allied Properties REIT's 19 Duncan Street will close the gap between height peaks in the Entertainment and Financial - [SmartCentres Intensifying Pickering Property With Two Residential Towers.](https://www.torontocommercialproperties.ca/smartcentres-intensifying-pickering-property-with-two-residential-towers/) - Owning approximately 3,500 acres of land at prime intersections in all provinces across the country, SmartCentres REIT is pursuing an aggressive expansion of its SmartLiving residential sub-brand, diversifying and optimizing its portfolio through redevelopment of its vast roster of properties. A $12.1 billion development program announced in 2019 is now underway, and will see 94 of the - [Increased Height Revealed in Latest Plans for 18 Dalhousie.](https://www.torontocommercialproperties.ca/increased-height-revealed-in-latest-plans-for-18-dalhousie/) - First submitted to the City in 2018 as a 49-storey residential tower, The Pemberton Group's vision for a string of properties on Church just north of Queen has evolved in several ways. Updated materials for 18 Dalhousie now detail a development with a larger footprint, increased height, and an updated design by Graziani + Corazza Architects. Comparison between the - [Q1-2020 Commercial Report - GTA Commercial Property Sales Rise 8% ](https://www.torontocommercialproperties.ca/gta-commercial-property-sales-rise-8-in-q1-2020/) - After a record breaking quarter in Q4-2019, sales tapered off in Q1-2020 to a total value of $3.9 billion across the Greater Toronto Area, representing an increase in value of 8% year-over-year. The total volume of sales increased 12% from a year ago to 318 transactions. Annual gains were experienced by most Regions, with Peel - [Plan for 87-storey downtown Toronto high-rise by Dutch firms.](https://www.torontocommercialproperties.ca/plan-for-87-storey-downtown-toronto-high-rise-by-dutch-firms/) - Dutch developers Kroonenberg Groep and ProWinko are proposing an 87-storey, mixed-use high-rise which would tower over the downtown Toronto intersection of Bay and Bloor Streets. If approved and built as proposed, it would be Canada’s tallest building. The companies have appointed Swiss-based architectural firm Herzog & de Meuron and Canadian architects Quadrangle to design the building, which is proposed for the northwest corner - [Ontario Proposing Temporary Ban on Commercial Evictions.](https://www.torontocommercialproperties.ca/ontario-proposing-temporary-ban-on-commercial-evictions/) - Government to introduce changes to the Commercial Tenancies Act to protect small businesses TORONTO — The Ontario government announced today that it intends to take action to protect commercial tenants from being locked out or having their assets seized by their landlords due to the negative impacts of COVID-19. The proposed changes to the Commercial Tenancies - [Suggested Block Plan for 1200 Bay Supertall Among Details in Planning Docs.](https://www.torontocommercialproperties.ca/suggested-block-plan-for-1200-bay-supertall-among-details-in-planning-docs/) - Last week, Dutch developers Kroonenberg Group and ProWinko made a big splash on the development scene with their proposal to redevelop the narrow property at 1200 Bay, replacing the existing 12-storey mid-century office building with a skinny 87-storey tower that, at 324 metres in height, is the second-tallest tower proposal in the country. Enlisting world-renowned Swiss architects Herzog & de Meuron alongside - [Commercial check-in: What's in store for office real estate in Canada?](https://www.torontocommercialproperties.ca/commercial-check-in-whats-in-store-for-office-real-estate-in-canada/) - Canada’s commercial real estate sector is as unsettled as it has ever been. With CECRA struggling to work up a detectable heartbeat, there is growing anxiety that when federal and provincial efforts to support small businesses through the COVID-19 pandemic come to an end, it will leave thousands of business owners unable to pay their employees or - [Why Canada’s commercial real estate market has been overlooked?](https://www.torontocommercialproperties.ca/1314-2/) - Why Canada's commercial real estate market has been overlooked Dean Orrico, president and chief investment officer at Middlefield Capital, joins BNN to discuss Canada's commercial real estate market. Source BNN Bloomberg . Click here to read a full story - [The office isn't dead yet, even as some companies say they'll need less space.](https://www.torontocommercialproperties.ca/the-office-isnt-dead-yet-even-as-some-companies-say-theyll-need-less-space/) - A survey by Colliers International finds projected decline in overall office space needs across Canada only expected to be 8.5% over four years [wonderplugin_video iframe="https://youtu.be/-aHYofL3Hwg" lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle="" lightboxgroup="" lightboxshownavigation=0 showimage="" lightboxoptions="" videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss="position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;" playbutton="http://torontocommercialproperties.ca/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png"] The current era of remote work has compelled a significant - [Brookfield says companies are leasing more office space as workers return.](https://www.torontocommercialproperties.ca/brookfield-says-companies-are-leasing-more-office-space-as-workers-return/) - Rather than ditching their skyscraper offices after the pandemic, companies are keen to return to the workplace. Brookfield Asset Management Inc., one of the world’s biggest real estate investors, is seeing higher demand for office space as workers return to socially-distanced buildings. Rather than ditching their skyscraper offices after the pandemic, companies are keen to - [Dream continues renos at Toronto boutique office properties at 357 Bay Street.](https://www.torontocommercialproperties.ca/dream-continues-renos-at-toronto-boutique-office-properties-at-357-bay-street/) - There have been many distractions in recent months as Dream Office REIT (D-UN-T) deals with pandemic-related issues, but one of its core downtown Toronto projects continues to move ahead at almost full speed. The Dream Collection is comprised of 11 boutique luxury office buildings on Bay, Richmond and Temperance Streets totaling about 500,000 square feet. They’re getting - [It’s an optimal time for converting hotel assets to multi-family.](https://www.torontocommercialproperties.ca/its-an-optimal-time-for-converting-hotel-assets-to-multi-family/) - As COVID-19 reconfigures global markets, owners and operators of hotels in Canada are anxiously anticipating what the travel and tourism sector will look like in the months and years ahead. With only a small minority of this country’s hotels currently open, this wait-and-see period is an optimal time to prepare to succeed in the emerging - [BIG-Designed Union Centre Evolves in Resubmission.](https://www.torontocommercialproperties.ca/1472-2/) - Looking northeast at the Union Centre proposal, image via submission to the City of Toronto Plans put forth by Westbank Corp and Allied Properties REIT for a 52-storey Bjarke Ingels Group-designed office tower have evolved in a recent resubmission to the City of Toronto. Union Centre, slated for an unorthodox site at Lower Simcoe Street and Station Street just west of - [Q2 2020 - Snapshot of Commercial Real Estate Investment Trends.](https://www.torontocommercialproperties.ca/q2-2020-snapshot-of-commercial-real-estate-investment-trends/) - As the economic impact of the pandemic remains uncertain, investors take a more cautious approach amidst lingering risks. The latest results from Altus Group’s Investment Trends Survey (ITS) for the 4 Benchmark asset classes show that the Overall Capitalization Rate (OCR) pushed up this quarter from 5.02% in Q2 2019 to 5.15% in Q2 2020, and up - [Concerns rise about office leasing rates.](https://www.torontocommercialproperties.ca/concerns-rise-about-office-leasing-rates/) - Canadian commercial real estate owners and managers have plenty of potential pain points these days as the pandemic continues, but an Altus Group survey indicates they are increasingly concerned about office leasing rates over the near and mid terms. “Landlords are worried about near-term lease rollover,” said Colin Johnston, president of research, valuation and advisory at Altus - [Good news for REIT Investors: Tenants are paying their rent](https://www.torontocommercialproperties.ca/good-news-for-reit-investors-tenants-are-paying-their-rent/) - When Choice Properties Real Estate Investment Trust reported its second-quarter financial results this week, one of the key takeaways was that more of its retailing tenants are paying their rent. Does the upbeat news apply to other REITs? The REIT sector is languishing amid uncertainty over the financial health of its tenants. REITs that are - [Overall Canadian commercial investment activity expected to be down in 2020](https://www.torontocommercialproperties.ca/overall-canadian-commercial-investment-activity-expected-to-be-down-in-2020/) - Overall Canadian investment activity in the first five months of 2020 decreased by 13% compared to a year ago, with the most considerable drop seen in residential land and office sales. Industrial and apartment properties continue to lead in activity with a total volume of $3.8 billion and $3.1 billion, respectively. Industrial activity was 15.4% - [Q2 2020 was RioCan’s ‘most unusual quarter’.](https://www.torontocommercialproperties.ca/q2-2020-was-riocans-most-unusual-quarter/) - Ed Sonshine called it “the most unusual quarter” of his 26 years as CEO of RioCan REIT. Q2 2020 will go down as one of the toughest financially for the trust, but both Sonshine and president/COO Jonathan Gitlin focused on restoring future value and growth during Wednesday’s financial results call with analysts. RioCan (REI-UN-T) reported a - [GTA commercial real estate market experiences pause in second quarter.](https://www.torontocommercialproperties.ca/gta-commercial-real-estate-market-experiences-pause-in-second-quarter/) - Q2 2020 statistics - GTA investment transactions. GTA commercial real estate market experiences pause in second quarter The second quarter saw the resulting impact from the rapid spread of COVID-19 and mandatory lockdowns that began in mid-March. Working from home became the new normal, streets were quiet during what would have been rush hour, and real - [Infill Development Proposed at Scarborough Apartment Community.](https://www.torontocommercialproperties.ca/infill-development-proposed-at-scarborough-apartment-community/) - Starlight Investments is proposing to redevelop one of its rental properties with the addition of three apartment buildings and a group of stacked townhouses to 65 through 99 Silver Springs Boulevard in northern Scarborough. 65-99 Silver Springs Boulevard, image via submission to the City of Toronto The 4.04-hectare site is located between Birchmount Road and Kennedy Road on the - [30-Storey Residential Tower Proposed at Dufferin and Eglinton.](https://www.torontocommercialproperties.ca/30-storey-residential-tower-proposed-at-dufferin-and-eglinton/) - As work on the Crosstown LRT enters its final stretch ahead of its scheduled 2022 opening, developers continue to propose significant intensification along Eglinton Avenue. Proposed to climb 30 storeys beside the Crosstown's Fairbank Station, a residential tower conceived by KingSett Capital and Quadrangle aims to capitalize on one of the largest transit expansions in Toronto history. The site at 1801-1807 Eglinton - [InterRent to acquire Hamilton, London apartment portfolio](https://www.torontocommercialproperties.ca/interrent-to-acquire-hamilton-london-apartment-portfolio/) - InterRent Real Estate Investment Trust (IIP-UN-T) is acquiring a five-property apartment portfolio in Hamilton and London, Ont., comprising 723 units for $170.7 million. The REIT says the agreement is unconditional and scheduled to close in September. “We are extremely pleased to announce the acquisition of this well-maintained portfolio, expanding our footprint and operational synergies in two - [Businesses were desperate for a rent-relief program. Governments rushed to deliver them one. What went wrong?](https://www.torontocommercialproperties.ca/businesses-were-desperate-for-a-rent-relief-program-governments-rushed-to-deliver-them-one-what-went-wrong/) - Program designed under pressure in record time was still too late to deliver relief, either for landlords or small businesses In March, the day he closed all four of his Toronto restaurants and temporarily laid off 97 employees, John Sinopoli began writing his first-ever letter to the government. He addressed “every lawmaker and government official - [CAPREIT buys SW Ontario apartments, expects more deals.](https://www.torontocommercialproperties.ca/capreit-buys-sw-ontario-apartments-expects-more-deals/) - The purchase of two Southwestern Ontario apartment properties for $50 million is likely just the first of a series of acquisitions in the coming months for Canadian Apartment Properties REIT (CAPREIT), its CEO says. “There is a very robust volume of transactions in the marketplace right now,” Mark Kenney told RENX. “You will see very, very high - [Brantford city council approves sale of Arrowdale golf course despite neighbourhood opposition.](https://www.torontocommercialproperties.ca/brantford-city-council-approves-sale-of-arrowdale-golf-course-despite-neighbourhood-opposition/) - City says money will be set aside for affordable housing Brantford city council has approved the sale of the Arrowdale golf course with the intention of using the money for affordable housing. But it made the decision with a judicial review at its doorstep and with residents raising signs of protest outside of an empty city - [After 7-year break, Silverberg builds Début condos in Barrie](https://www.torontocommercialproperties.ca/after-7-year-break-silverberg-builds-debut-condos-in-barrie/) - Developer Gary Silverberg plans to build the Début condos, a two-tower development in downtown Barrie, Ont. Gary Silverberg is selective about the projects he develops, so Début in Barrie is his first since Toronto’s ART Condos was completed in 2013. “What I really enjoy doing is finding emerging neighbourhoods,” Silverberg told RENX. “This was the first one since - [Phantom building Toronto’s 8 Cumberland and JAC Condos.](https://www.torontocommercialproperties.ca/phantom-building-torontos-8-cumberland-and-jac-condos/) - Phantom Developments might not have a high profile, but the family-owned Toronto company is doing its part to redraw portions of the city’s skyline with its high-rise condo developments. The company was founded by the father of Phantom principal Henry Strasser more than 50 years ago. Its origins are in a successful apparel company which first - [PineMount sells new-construction Barrie apt. building](https://www.torontocommercialproperties.ca/pinemount-sells-new-construction-barrie-apt-building/) - Demand for apartments remains strong Toronto-based PineMount Developments has completed one of the first new apartment building sales in the post-COVID-19 environment, divesting the 64-unit Ferndale Gardens in Barrie, Ont., for $24 million. The buyer is Toronto’s Starlight Investments, an active acquirer in the apartment market in recent months. “I think it might be the first new construction deal done - [Google's Next Downtown Toronto Tower Rising at 65 King East.](https://www.torontocommercialproperties.ca/googles-next-downtown-toronto-tower-rising-at-65-king-east/) - Just east of the financial core in Downtown Toronto, Carttera Private Equities is bringing a new 18-storey office tower to 65 King East. Under construction, a few buildings west of Church Street, the IBI Group and WZMH Architects-designed tower is set to house 400,000 ft² of new office space for ubiquitous tech giant Google upon its completion in late 2021. Looking southwest to 65 - [Investment Trends Survey Q3 2020 results.](https://www.torontocommercialproperties.ca/1606-2/) - The latest results from Altus Group’s Investment Trends Survey (ITS) for the 4 Benchmark asset classes show that the Overall Capitalization Rate (OCR) was little changed at 5.14% in Q3 2020, but grew from 5.01% in the same quarter last year (Figure 1). While the impact of COVID-19 on market conditions persists, investors are cautiously optimistic as - [TREB Commercial Stats.](https://www.torontocommercialproperties.ca/treb-commercial-stats/) - . This chart summarizes total industrial, commercial/retail and office square feet leased through TorontoMLS regardless of pricing terms. This chart summarizes total industrial and commercial/retail and office sales through TorontoMLS regardless of pricing terms. Source TREB. Click here to read a full story - [Expect strong industrial demand through second wave of pandemic with continued challenges for the office sector.](https://www.torontocommercialproperties.ca/expect-strong-industrial-demand-through-second-wave-of-pandemic-with-continued-challenges-for-the-office-sector/) - While employment numbers have improved and restrictions were lifted over the third quarter, the second wave of the pandemic may now impede Canada’s road to recovery. Statistics Canada reported a decreasing unemployment rate in August at 10.2%, down slightly from 10.9% in July, and from the record high of 13.7% recorded in May at the height of COVID-19 shutdowns. Despite re-openings, employment recovery has - [Dream Industrial expands portfolio.](https://www.torontocommercialproperties.ca/dream-industrial-expands-portfolio/) - Dream Industrial REIT (DIR-UN-T) released a series of updates this week reporting $188 million in closed and pending acquisitions, 1.3 million square feet of leasing activity, and its first financial rating from DBRS Morningstar – BBB with stable trend. Dream Industrial anticipates the investor-grade rating will allow it to reduce borrowing costs by 25 basis points on future - [RioCan sells 50% stake in eCentral & ePlace in Toronto & Rhythm in Ottawa to Woodbourne](https://www.torontocommercialproperties.ca/riocan-sells-50-stake-in-ecentral-eplace-in-toronto-rhythm-in-ottawa-to-woodbourne/) - RioCan REIT (REI-UN-T) is selling a 50 percent non-managing interest in its residential rental and retail eCentral/ePlace property in Toronto, and its Rhythm rental apartment development in Ottawa to WoodBourne Capital Management for a total of $156.2 million, the trust announced Wednesday night. Woodbourne is already a partner with RioCan on other projects and is making the purchase - [Benefits Of Industrial Condos & New Industrial Developments.](https://www.torontocommercialproperties.ca/benefits-of-industrial-condos-new-industrial-developments/) - Industrial condominiums don’t yet have the same prominence in the Greater Toronto Area as they do in Metro Vancouver, but that may be starting to change. Berkshire Axis Development and Fiera Real Estate have collaborated on two such projects and will be launching a third in the GTA based on their early successes. “A partnership relationship between two - [Developers Target Suburbs As Condo Demand In Downtown Toronto Falters Amid Pandemic.](https://www.torontocommercialproperties.ca/developers-target-suburbs-as-condo-demand-in-downtown-toronto-falters-amid-pandemic/) - Toronto suburbs are experiencing a boom in condo project launches and preconstruction sales, as the pandemic’s work-from-home trend entices homebuyers to look outside the city. Suburban condo projects accounted for 65 per cent of all launches in the Toronto region in the third quarter of this year, according to the latest data from industry research - [Downtown T.O. Office Sublease Space Quadruples In 2020.](https://www.torontocommercialproperties.ca/downtown-t-o-office-sublease-space-quadruples-in-2020/) - The amount of office sublease space on the market in downtown Toronto has quadrupled during 2020 to almost 2.5 million square feet, and there’s no short-term turnaround in sight. Across the Greater Toronto Area (GTA), office sublease space on offer has more than doubled this year to over five million square feet. Avison Young principal and - [LARGEST DEVELOPMENT IN BARRIE’S HISTORY INCHES CLOSER TO APPROVAL.](https://www.torontocommercialproperties.ca/largest-development-in-barries-history-inches-closer-to-approval/) - SMARTCENTRES HAS PROPOSED FOUR BUILDINGS RANGING IN HEIGHT FROM 25 TO 46 STOREYS NEAR THE WATERFRONT A proposed development in the area of Barrie’s waterfront featuring four highrises from 25 to 46 storeys took a giant step forward on Monday night when the city’s planning committee approved zoning bylaw and official plan amendments. The SmartCentres - [Brookfield looking to sell stake in office tower project in Toronto's financial district.](https://www.torontocommercialproperties.ca/brookfield-looking-to-sell-stake-in-office-tower-project-in-torontos-financial-district/) - Brookfield has valued the north tower of its Bay Adelaide Centre office complex at about $650 million. Brookfield Asset Management Inc. is looking to sell a 50 per cent stake in an office tower it’s developing in Toronto’s financial district, according to people familiar with the matter. Brookfield has valued the north tower of its - [What will commercial real estate look like in 2021?](https://www.torontocommercialproperties.ca/what-will-commercial-real-estate-look-like-in-2021/) - When Naz Ali was sitting at home in March, under lockdown along with the rest of Vancouver, she had the idea of using her specialized skills to track data on people’s movements owing to the COVID-19 pandemic. Ms. Ali is a geographic information systems (GIS) manager, location intelligence, for commercial real estate services company CBRE - [5 Predictions for Canadian Retail in 2021.](https://www.torontocommercialproperties.ca/5-predictions-for-canadian-retail-in-2021/) - Despite the recent arrival of the vaccine for the COVID-19 pandemic, HRC Retail Advisory in a report expects the first half of 2021 to be a continuation of 2020’s acceleration toward digital and omni-channel, as most shoppers remain at home. “Despite that, we anticipate pent-up demand to be unleashed in late 2021, bringing relief to some of - [Niagara Ports development plan begins with Multimodal Hub.](https://www.torontocommercialproperties.ca/niagara-ports-development-plan-begins-with-multimodal-hub/) - A new Thorold Multimodal Hub in Southern Ontario offers more than 500,000 square feet of indoor warehouse and 200 acres of outdoor storage and material handling space that can be configured to suit diverse industrial operations. The hub, located on the Welland Canal in Ontario’s Niagara Region just 30 minutes from the American border, is comprised of - [The GTA’s Top-10 CRE transactions in 2020.](https://www.torontocommercialproperties.ca/the-gtas-top-10-cre-transactions-in-2020/) - Owing to the economic lockdown to contain COVID-19 in the Greater Toronto Area (GTA) last spring, it’s not surprising the region’s 10 largest commercial real estate transactions of 2020 occurred in the first two and final three months of the year. Ray Wong, vice-president of data operations for Altus Group‘s Data Solutions division, spoke with RENX - [Extension of the moratorium on commercial tenancy evictions.](https://www.torontocommercialproperties.ca/extension-of-the-moratorium-on-commercial-tenancy-evictions/) - Extension of the moratorium on commercial tenancy evictions: Ontario. Reg. 763/20 In December, we wrote about Bill 229, Protect, Support and Recover from COVID-19 Act (Budget Measures), 2020 (“Bill 229”) which replaced the Canada Emergency Commercial Rent Assistance program (CECRA) with the Canada Emergency Rent Subsidy program (CERS) program. Coupled with the rent assistance under the CECRA program, the Government saw a - [Nexus acquiring 9 industrial properties for $146M](https://www.torontocommercialproperties.ca/nexus-acquiring-9-industrial-properties-for-146m/) - Nexus REIT (NXR.UN-X) says it has either acquired or has agreements to acquire, a total of nine industrial assets in Ontario and Alberta for a total purchase price of $146 million. Together, the acquisitions will add about 1.8 million square feet to the Nexus portfolio, including a new building to be constructed at a site in - [14-Storey Rental Building Proposed on Bathurst near Steeles.](https://www.torontocommercialproperties.ca/14-storey-rental-building-proposed-on-bathurst-near-steeles/) - Plaza Partners have submitted a building proposal to the City of Toronto for a site at 6035 Bathurst Street south of Steeles Avenue. The neighbourhood could see a new 14-storey infill apartment building bringing 220 residential units, if the Zoning By-law Amendment (ZBA) is approved. Looking east across the street to 6035 Bathurst, residential entrance, designed by BDP - [11-Storey Mixed-Use Development Proposed on Sheppard East at Brimley.](https://www.torontocommercialproperties.ca/11-storey-mixed-use-development-proposed-on-sheppard-east-at-brimley/) - A Scarborough site that is home to low-rise commercial could see new life if a redevelopment proposal is approved by Toronto City Council. In late 2020, Wintrup Developments submitted an application to amend the Zoning By-law to allow an 11-storey mixed-use building with retail at 4415 Sheppard Avenue East, at the intersection with Brimley Road. Rendering – North West - [Investors show strong preference for select asset classes and are optimistic for the second half of 2021.](https://www.torontocommercialproperties.ca/investors-show-strong-preference-for-select-asset-classes-and-are-optimistic-for-the-second-half-of-2021/) - The latest results from Altus Group’s Investment Trends Survey (ITS) for the 4 Benchmark asset classes show that the Overall Capitalization Rate (OCR) compressed to 5.10% this quarter, down from 5.14% in the previous quarter but up slightly from 4.98% in Q4 2019 (Figure 1). While COVID-19 restrictions continued to impact the market by way of lockdowns, - [Canada’s 2020 CRE returns worst since 1993.](https://www.torontocommercialproperties.ca/canadas-2020-cre-returns-worst-since-1993/) - Last year’s Canadian commercial real estate return was the worst since the recession of 1993, according to the 2020 MSCI/REALPAC Canada Property Index. The total return plummeted from 6.68 per cent in 2019 to negative 4.12 per cent in 2020. Data has been collected since 1985, and the total average return since then has been 8.5 per - [CRE execs expect office tenants to downsize.](https://www.torontocommercialproperties.ca/cre-execs-expect-office-tenants-to-downsize/) - The bad news is that in its latest Key Assumptions Survey Update, a majority of CRE executives canvassed by Altus Group are concerned an office space downsizing of 10 to 20 per cent could result from the COVID-19 pandemic. The good news is that for owners and managers of high-quality office space, strong market fundamentals across - [Where the CRE sector is headed in 2021.](https://www.torontocommercialproperties.ca/where-the-cre-sector-is-headed-in-2021/) - The continuing adoption of technology and an industry-wide recognition of the new realities created by the pandemic will be two dominant trends in 2021, according to two of Altus Group‘s top data experts. “In 2021, the real estate sector will move from adapting to adoption as workplace needs continue to change and evolve,” Ray Wong told - [GTA commercial real estate market finished strong in 2020 and shows promise for 2021.](https://www.torontocommercialproperties.ca/gta-commercial-real-estate-market-finished-strong-in-2020-and-shows-promise-for-2021/) - With tightening restrictions and another stay-at-home order issued, COVID-19 continued to impact commercial real estate in the GTA. In 2020, the GTA saw $17.5 billion in total investments, a 23% decrease compared to the $22.7 billion seen in 2019. Deal volumes also dipped with only 2,140 transactions recorded, which was a decrease of 8%. Surprisingly, - [Despite varied pandemic impact on individual sectors, national investment fared better than expected in 2020.](https://www.torontocommercialproperties.ca/despite-varied-pandemic-impact-on-individual-sectors-national-investment-fared-better-than-expected-in-2020/) - With a dip in commercial real estate investment activity seen in 2020 due to ongoing pandemic-related challenges throughout the year, some asset classes weathered the storm better than others. Industrial assets performed well across most major markets and remained a winner as a steady rise in e-commerce sales that begun during the initial lockdown continued - [Land investments the lone bright spot as Ottawa CRE investments dip 36% in 2020](https://www.torontocommercialproperties.ca/land-investments-the-lone-bright-spot-as-ottawa-cre-investments-dip-36-in-2020/) - As a tumultuous year came to a close, the economic impacts of the COVID-19 pandemic were felt both globally and locally in 2020, especially in the Ottawa commercial real estate market. Uncertainties throughout the year led to a hesitancy to purchase among many investors, and ultimately the Ottawa market finished the year with $1.5 billion - [Positive momentum seen in early 2021 with continued industrial demand, but heightening office availabilities.](https://www.torontocommercialproperties.ca/positive-momentum-seen-in-early-2021-with-continued-industrial-demand-but-heightening-office-availabilities/) - Despite the return of some pandemic-related restrictions at the end of March, gradual re-openings over the first quarter point to signs of economic recovery and positive momentum in commercial real estate. According to Statistics Canada, employment has continued to recover, growing by 1.6% in March and reaching within 1.5% of pre-pandemic levels. Unemployment sits at - [Toronto residential tower boom shows no signs of slowing.](https://www.torontocommercialproperties.ca/toronto-residential-tower-boom-shows-no-signs-of-slowing/) - Toronto had 125 cranes actively working on multiresidential towers in March, according to the RLB Crane Index, dwarfing the total of any other North American city. “The urban density story for our city has clearly not stalled during the pandemic,” Terry Olynyk, president and managing director of Multiplex in Canada, said in introducing a recent webinar presented by Urban Land - [Commercial Mortgage Commentary CMLS Mortgage Analytics Group](https://www.torontocommercialproperties.ca/commercial-mortgage-commentary-cmls-mortgage-analytics-group/) - Making News Results from CMLS annual commercial real estate lender survey indicate that the Canadian CRE term debt market continued its upward trend in 2020. Total outstanding debt ended the year north of $349 billion, a 7% increase year-over-year. The increase comes despite a 2% year-over-year decline in annual origination, which totaled nearly $62 billion - [Congebec expands for the food supply chain](https://www.torontocommercialproperties.ca/congebec-expands-for-the-food-supply-chain/) - LAUNCHING CONSTRUCTION: 2nd PHASE FOR CONGEBEC'S COLD STORAGE FACILITY In order to build its presence in Toronto and increase its pan-Canadian development in temperature-controlled food storage and distribution, Congebec Inc. is proud to announce the construction of a large expansion of its Mississauga facility. This expansion will allow the existing facility's storage space to grow from 170,000 sq ft to 232,600 sq - [Atria finds niche in downtown Oshawa, builds across GTA](https://www.torontocommercialproperties.ca/atria-finds-niche-in-downtown-oshawa-builds-across-gta/) - Gyan Chand Jain began developing in Toronto in 1969. His sons Hans and Vipin later founded Atria Development to continue a tradition of revitalizing communities by building new projects and repurposing existing structures. Atria has now grown to about 40 employees and become a vertically integrated company involved in construction, marketing, sales, rentals, property management and more. - [Public Lands, Part I: Canada Lands Co., Infrastructure Ontario](https://www.torontocommercialproperties.ca/public-lands-part-i-canada-lands-co-infrastructure-ontario/) - PART I: Demand for better utilization of public land is growing, and representatives from four bodies responsible for such portfolios talked about their strategies during a recent webinar presented by Urban Land Institute’s Toronto chapter. “Land is an increasingly scarce resource and the real estate market is hotter than it’s ever been,” panel moderator and Urban Strategies - [Public lands, Part II: CreateTO and Toronto Lands Corp.](https://www.torontocommercialproperties.ca/public-lands-part-ii-createto-and-toronto-lands-corp/) - PART II: Second part of look at four major stewards of public lands in Canada is focused on the Greater Toronto Area through agencies operated by the City of Toronto and its major school board. In Part I of this look at public lands utilization strategies, Canada Lands Company and Infrastructure Ontario were explored. This - [Plug pulled on Five Points condo project in downtown Barrie](https://www.torontocommercialproperties.ca/plug-pulled-on-five-points-condo-project-in-downtown-barrie/) - BARRIE, ONT. -- The 20-storey, 208 unit condominium development that was meant to redefine luxury in downtown Barrie has been shelved. The developer and its financial partner pulled the plug, blaming the pandemic and several lockdowns for disappointing sales. In an email issued to those who did buy a unit, Advance Tech Developments president Joseph - [GTA commercial real estate market closes record-setting first quarter](https://www.torontocommercialproperties.ca/gta-commercial-real-estate-market-closes-record-setting-first-quarter/) - With an unprecedented year behind us, the first quarter of 2021 saw the beginning of the COVID-19 third wave due to rapid spreading of new variants across regions. Talks of stay-at-home orders towards the end of March were back on the table, and while it seemed as though additional restrictions would slow activity, similar to - [Office demand will be 'off to the races' after COVID restrictions: Dream Office](https://www.torontocommercialproperties.ca/office-demand-will-be-off-to-the-races-after-covid-restrictions-dream-office/) - The head of one of Canada’s major office landlords said pandemic restrictions have made finding new tenants a big challenge. Michael Cooper, chair and CEO of Dream Office REIT, said in a broadcast interview Friday he expects to see a surge in leasing activity once emergency measures to curb COVID’s spread are lifted. The real - [Sutter Hill Developments CEO happy to keep low profile](https://www.torontocommercialproperties.ca/sutter-hill-developments-ceo-happy-to-keep-low-profile/) - Sutter Hill Developments’ recent 50 per cent acquisition of a downtown Toronto office building is the latest in the $1.2 billion of transactions it has very quietly completed since 1992. “Once in a while we’ll put something out in a press release to let people know that we’re real, but we try to keep it - [Amazon is fuelling North America's worst warehouse shortage — and it's right here in Canada](https://www.torontocommercialproperties.ca/amazon-is-fuelling-north-americas-worst-warehouse-shortage-and-its-right-here-in-canada/) - Finding warehouse space around Toronto has never been harder, and the e-commerce fuelled shortage is disrupting businesses and threatening the broader economy. With the pandemic driving a belated embrace of online shopping in Canada, Amazon.com Inc. has been gobbling up warehouses. That’s pushed the vacancy rate in the Toronto area down to just 0.5 per - ['Getting creative': How the demand for warehouse space is pushing industrial real estate into new territory](https://www.torontocommercialproperties.ca/getting-creative-how-the-demand-for-warehouse-space-is-pushing-industrial-real-estate-into-new-territory/) - The growing popularity of e-commerce and other new business trends has made this space a hot commodity. The once-stodgy world of industrial real estate is being forced to turn to novel solutions such as vertical warehouses and repurposed retail as the growing popularity of e-commerce and other new business trends drive demand for space. “If - [SmartCentres Proposes Multimodal Transit-Oriented Development for Eglinton West](https://www.torontocommercialproperties.ca/smartcentres-proposes-multimodal-transit-oriented-development-for-eglinton-west/) - New rapid transit—both planned and under construction across Toronto—promises increased connectivity for many neighbourhoods, and creates opportunities for TOD—Transit Oriented Development—in the process. The future Crosstown LRT has created several TOD opportunities along the less-densely built-out Eglinton East, though development along the Crosstown's Eglinton Avenue West stretch has been limited to more constrained sites, with few - [RioCan announces QA Condos partnership, Q1 2021 results](https://www.torontocommercialproperties.ca/riocan-announces-qa-condos-partnership-q1-2021-results/) - Jonathan Gitlin has hit the ground running during his first few weeks as the president and CEO of RioCan REIT. The trust recently announced a major new development and partnership, and on Tuesday released its Q1 2021 earnings report. Gitlin added the CEO title to his previous role as president when trust founder Ed Sonshine retired - [National, Brixen buy Brampton site for 2-tower development](https://www.torontocommercialproperties.ca/national-brixen-buy-brampton-site-for-2-tower-development/) - National Homes’ increasing focus on taller residential buildings will continue with the acquisition of a Brampton site with partner Brixen Development. The vacant 2.49-acre property at 245 Steeles Ave. W., a few blocks west of Hurontario Street, was acquired from Sundial Homes in an off-market deal for an undisclosed price. Approvals were already in place to build two - [IKEA's malls unit buys retail property in centre of Toronto to create first inner city store in Canada](https://www.torontocommercialproperties.ca/ikeas-malls-unit-buys-retail-property-in-centre-of-toronto-to-create-first-inner-city-store-in-canada/) - IKEA is redeveloping ground and first floors of building into an IKEA store that would open around turn of the year. STOCKHOLM — IKEA’s shopping malls business announced on March 18th it had bought the Shops at Aura mall in the centre of Toronto in Canada as part of the furniture group’s strategy shift towards - [Plaza Midtown Rising as Developer Gears Up for New Proposal in Area](https://www.torontocommercialproperties.ca/plaza-midtown-rising-as-developer-gears-up-for-new-proposal-in-area/) - Midtown Toronto's urban heart around Eglinton subway station grows noticeably denser each year as new towers rise into the mix. Another pair of towers are soon to break into the local skyline, as the Plaza Midtown development infills a Tower-in-the-Park style site just north of Soudan Avenue that is already home to a pair of mid-20th century apartment towers - [GTA industrial and office space: A tale of opposing trends](https://www.torontocommercialproperties.ca/gta-industrial-and-office-space-a-tale-of-opposing-trends/) - “Like the pandemic, it’s like a once-in-a-100-year situation that we’re dealing with.” That was JLL Canada chief executive officer Alan MacKenzie’s reply when asked if there was any precedent for the strong performance of the industrial market in the Greater Toronto Area, while the office sector remains in a slump. JLL recently released reports covering first-quarter performances - [Choice, Daniels to launch second GTA multifamily project](https://www.torontocommercialproperties.ca/choice-daniels-to-launch-second-gta-multifamily-project/) - Choice Properties Real Estate Investment Trust and The Daniels Corporation plan a fall launch for Mount Pleasant Village, a master-planned community that will include one of the first new purpose-built rental apartment buildings in Brampton in the past 15 years. “Daniels has an outstanding and recognizable city-building reputation and is so respected,” Choice vice-president of development, design and engineering - [Manga Hotels keeps faith in hospitality, and downtown Toronto](https://www.torontocommercialproperties.ca/manga-hotels-keeps-faith-in-hospitality-and-downtown-toronto/) - Manga Hotels is in the early stages of its most ambitious growth phase, with one downtown Toronto property under construction and four more hotels planned. “We have faith in the city and have a long-term view,” company president and chief executive officer Sukhdev Toor told RENX in a recent interview. “It’s a world-class city and we - [Executive roundtable closes Land & Development conference](https://www.torontocommercialproperties.ca/executive-roundtable-closes-land-development-conference/) - A panel of senior real estate executives shared insights about their companies and the state of the industry to conclude the 17th annual Land & Development Conference, which is based in Toronto but offers a national overview. Jodi Shpigel, project lead for First Capital’s 2150 Lake Shore, and KingSett Capital group head of development Jeff Thomas moderated the event, which - [CBRE, Colliers CEOs go head-to-head on CRE trends](https://www.torontocommercialproperties.ca/cbre-colliers-ceos-go-head-to-head-on-cre-trends/) - CBRE and Colliers are two of the most prominent real estate services and investment firms in Canada, and their leaders answered questions about the industry during a May 20 webinar presented by NAIOP’s Vancouver chapter. CBRE’s Canadian president and chief executive officer Werner Dietl was joined by Colliers Canada president and CEO Brian Rosen for a conversation with Jenn - [Death of the office, no. But there will be an evolution — RioCan CEO](https://www.torontocommercialproperties.ca/death-of-the-office-no-but-there-will-be-an-evolution-riocan-ceo/) - As we look forward to a summer of possible ‘getting back to normal’, business and industries are faced with what ‘back to normal’ looks like when it comes to ‘back to work’. But what does that ultimately mean for commercial/retail/industrial landlords? In this second of a two part-series on reopening on Down to Business, the - [The pros and cons of investing in commercial real estate](https://www.torontocommercialproperties.ca/the-pros-and-cons-of-investing-in-commercial-real-estate/) - If you have invested in residential real estate in the past and have been pleased with the outcome, you might be interested in exploring the world of commercial real estate. What is considered commercial real estate? Where residential real estate is exclusively used as a place to live, commercial real estate is property that is - [Artis REIT to sell GTA industrial portfolio for $750M](https://www.torontocommercialproperties.ca/artis-reit-to-sell-gta-industrial-portfolio-for-750m/) - Artis REIT (AX-UN-T) has announced a “milestone” transaction, an unconditional agreement to sell its 28-property, 2.5-million-square-foot Greater Toronto Area industrial portfolio for $750 million. The transaction represents a per-square-foot price of $297 for the portfolio. It also exceeds the REIT’s most recently reported fair value of $550.7 million for the properties by 36 per cent, as - [TAS plans Leslieville development with its new LP 3 fund](https://www.torontocommercialproperties.ca/tas-plans-leslieville-development-with-its-new-lp-3-fund/) - During the past month, TAS has both closed a round of funding and launched a formal framework for how its work impacts people’s lives. President and CEO Mazyar Mortazavi says those two activities help illustrate what the Toronto developer is all about. “It’s profit with purpose,” Mortazavi told RENX. “That’s our view of the world. And we - [Longer lease terms a sign of rebounding confidence in Canada’s office market?](https://www.torontocommercialproperties.ca/longer-lease-terms-a-sign-of-rebounding-confidence-in-canadas-office-market/) - More than 15 months after the onset of the COVID-19 pandemic in Canada, the country is starting to make some real progress toward a future return to “normal.” With more than 66 per cent of the population having received at least one dose of a vaccine (as of June 21), the prospect of a meaningful - [Beedie grows in the GTA with two new industry-leading industrial condos](https://www.torontocommercialproperties.ca/beedie-grows-in-the-gta-with-two-new-industry-leading-industrial-condos/) - Founded in 1954, Beedie is one of Western Canada’s largest industrial developers and property owners, having completed more than 30 million square feet of new development since inception. Beedie made a splash in 2018 and 2019 with 4 land acquisitions totaling 54 acres throughout the Greater Toronto Area. After achieving strong success on their first - [Canadian commercial real estate may see post-COVID-19 economic upswing: report](https://www.torontocommercialproperties.ca/canadian-commercial-real-estate-may-see-post-covid-19-economic-upswing-report/) - CBRE says Canadian commercial real estate is pointing to a post-pandemic economic upswing. The commercial real estate company says the pace of office vacancy increases eased in every major Canadian city in the second quarter and industrial demand picked up. Downtown office leasing increased in major cities by the smallest amount since the pandemic’s onset last - [Top tech trends impacting commercial and residential real estate](https://www.torontocommercialproperties.ca/top-tech-trends-impacting-commercial-and-residential-real-estate/) - Over the past few years, we have witnessed the growing impact of technology within the real estate landscape. While the pandemic created many challenges for the industry, it also served to accelerate already-existing trends. It has become clear that data, and technology overall, has and will continue to play an integral role in the industry’s - [Pure buys Brampton site, plans 625K sq. ft. of industrial buildings](https://www.torontocommercialproperties.ca/pure-buys-brampton-site-plans-625k-sq-ft-of-industrial-buildings/) - Pure Industrial has acquired a 28-acre parcel of land along Hurontario Street in the Greater Toronto Area city of Brampton where it intends to construct two industrial buildings totalling about 625,000 square feet. “We are pleased to be able to convert this site, which has been vacant for decades, into a hub of commerce and job-creating - [The brave new world of investor communications in CRE](https://www.torontocommercialproperties.ca/the-brave-new-world-of-investor-communications-in-cre/) - Communicating with investors has always been vital, but the pandemic both created a greater demand and forced most firms to quickly change their interactions with clients and partners. Panelists during a June 17 webinar hosted by Juniper Square agreed those who successfully navigated the upheaval have reaped the benefits. Juniper Square strategic account director James Harkness moderated - [National investment activity in first quarter points to strong rebound for commercial real estate this year](https://www.torontocommercialproperties.ca/national-investment-activity-in-first-quarter-points-to-strong-rebound-for-commercial-real-estate-this-year/) - The commercial real estate market is on the upswing in Canada, with increasing transaction volume across most major markets and the continued return of investor confidence following the pandemic-related slowdown in 2020. Despite ongoing restrictions and lockdowns in most regions across Canada persisting into the first quarter of 2021, investment volume rebounded and marked an - [Microsoft buying GTA land and retail? What’s up with that?](https://www.torontocommercialproperties.ca/microsoft-buying-gta-land-and-retail-whats-up-with-that/) - When you think of Microsoft in the context of commercial real estate, you think of the firm as a global technology player and as an occupier in gleaming downtown high-rise office towers or sprawling suburban office campuses. However, Microsoft Canada recently pivoted from occupier to investor – acquiring a parcel of land and a retail property a - [Record demand, supply woes, hungry buyers](https://www.torontocommercialproperties.ca/record-demand-supply-woes-hungry-buyers/) - Before the pandemic struck, the purpose-built rental apartment market was one of the soundest asset classes in Canadian commercial real estate. Though apartment building deal-making slowed down a year ago along with everything else during the first-wave lockdown, the appetite quickly rebounded late in 2020 and is now showing signs of dramatic acceleration in terms of - [New platform ‘democratizes’ commercial investing](https://www.torontocommercialproperties.ca/new-platform-democratizes-commercial-investing/) - A new platform that uses blockchain technology and AI to democratize investing in commercial real estate launched this week, and according to its president and co-founder, gone are the days when small-time investors were turned away from potentially lucrative opportunities. “Commercial real estate requires a huge amount of upfront cash to gain entry and that - [Industrial and food-anchored retail continue to win in commercial real estate, while Toronto regains its top spot as preferred market](https://www.torontocommercialproperties.ca/industrial-and-food-anchored-retail-continue-to-win-in-commercial-real-estate-while-toronto-regains-its-top-spot-as-preferred-market/) - The latest results from Altus Group’s Investment Trends Survey (ITS) for the four benchmark asset classes show that the Overall Capitalization Rates (OCR) remained flat at 5.06% in Q2 2021 compared to the previous quarter, and fell from 5.15% in Q2 2020. For a second consecutive quarter, all three industrial assets have remained top preferred by investors - [The professional approach to estimating property replacement cost](https://www.torontocommercialproperties.ca/the-professional-approach-to-estimating-property-replacement-cost/) - One of the reasons there is such a high percentage of underinsured properties (around 75% based on research) is that many policies are underwritten based on rough square-foot replacement cost estimates and are often imprecise. A wide variety of methodologies are used to determine a building replacement cost for insurance purposes – and a wide - [Strong first quarter in the Ottawa CRE market driven by residential land investments](https://www.torontocommercialproperties.ca/strong-first-quarter-in-the-ottawa-cre-market-driven-by-residential-land-investments/) - The first quarter of 2021 saw both optimism, in the form of vaccinations, and caution, with further lockdowns and stay-at-home orders. Still, while government restrictions would suggest a slow quarter for real estate activity, the Ottawa commercial real estate market remained steadfast as savvy investors have seemingly taken advantage of the market uncertainty and low - [Cadillac Fairview buys 100% stake in Toronto Buttonville airport](https://www.torontocommercialproperties.ca/cadillac-fairview-buys-100-stake-in-toronto-buttonville-airport/) - Cadillac Fairview is now the sole owner of the Toronto Buttonville Municipal Airport, a 169-acre property in the City of Markham which for years has been considered a prime site for a major redevelopment. The real estate giant has paid almost $193 million to acquire the 50 per cent interest in the property which it did not - [Toronto businesses pulling back on sublet space as return to office looms: report](https://www.torontocommercialproperties.ca/toronto-businesses-pulling-back-on-sublet-space-as-return-to-office-looms-report/) - A new report suggests Toronto businesses are making plans to call employees back to the office. The report, released last week by commercial real estate firm Avison Young, says office market activity in downtown Toronto remains muted due to the COVID-19 pandemic. The downtown office vacancy rate hit a new all-time high of 7.3 per - ['No inventory': Warehouse space in short supply as Amazon sets up shop in London area](https://www.torontocommercialproperties.ca/no-inventory-warehouse-space-in-short-supply-as-amazon-sets-up-shop-in-london-area/) - The London-area warehousing boom that helped lure Amazon.com is so hot it is nearly doubling the size of some businesses and left few vacancies, just as the e-commerce giant begins building here. “The warehousing, trucking sector is booming. London has always been a cheap market and now it has caught up and there is no - [RioCan Living to launch Verge condos in Toronto’s Etobicoke](https://www.torontocommercialproperties.ca/riocan-living-to-launch-verge-condos-in-torontos-etobicoke/) - RioCan Living has announced the imminent launch of Verge Condos in Toronto’s Etobicoke community, with mixed-use residences of 11 and 17 storeys to rise on the site of a parking lot. The project site is located on the southwest corner of Islington Avenue and The Queensway, with the two new buildings to contain 545 units - [Broccolini prepares two major S. Ontario industrial builds](https://www.torontocommercialproperties.ca/broccolini-prepares-two-major-s-ontario-industrial-builds/) - Broccolini has begun site work for major industrial construction projects at two large Southern Ontario properties – in Cambridge and in the Township of Southwold near St. Thomas. The Montreal-based developer, owner and operator is prepping a 61-acre site in Cambridge, just west of Toronto, and has secured the backing of city council for a Ontario - [Rising home prices bring new attention, ideas to trailer parks](https://www.torontocommercialproperties.ca/rising-home-prices-bring-new-attention-ideas-to-trailer-parks/) - The effects of rising home prices in Canada are reducing the affordability of almost every housing segment, including a part of the market that has long been under-appreciated: trailer parks. From recreation-only RV parks and campgrounds to those for all-year-round retirement or family living, prices have been rising, spaces are booked solid and real estate - [More Cranes Moving Construction Forward for Galleria 01 & 02](https://www.torontocommercialproperties.ca/more-cranes-moving-construction-forward-for-galleria-01-02/) - ELAD Canada's Galleria on the Park mixed-use community at Dupont and Dufferin kicked off last year with a ground breaking ceremony, the first official construction step in the redevelopment of the 1972-opened Galleria Shopping Centre in Toronto's West End. While the ceremony occurred last year, the site has been active since late 2019, when demolition commenced on initial sections of - [Waterfront Toronto Announces Shortlist of Partners for the Quayside Development](https://www.torontocommercialproperties.ca/waterfront-toronto-announces-shortlist-of-partners-for-the-quayside-development/) - We’re moving a little closer to seeing the Quayside Development Opportunity become a reality. The Quayside Development Opportunity is a 12-acre area located at the foot of Parliament Street and Lake Shore Boulevard East in Toronto. With the initiative, the former industrial site will become a vibrant mixed-use development with housing, promenades, retail space, and boardwalks. - [StorageVault Completes Purchase of Two GTA Storage Assets for $8.2 Million](https://www.torontocommercialproperties.ca/storagevault-completes-purchase-of-two-gta-storage-assets-for-8-2-million/) - Storage Vault Canada Inc. is pleased to announce that, further to its March 3, 2021 (all transactions from this news release are now closed) and July 8, 2021 news releases, it has completed the acquisition of two stores in the GTA from two vendor groups (the “Acquisitions”), for an aggregate purchase price of $8,150,000. The Acquisitions - [Potential west-end Toronto redevelopment site for sale](https://www.torontocommercialproperties.ca/potential-west-end-toronto-redevelopment-site-for-sale/) - A 0.95-acre commercial property with multifamily redevelopment potential and easy public transit access in Toronto’s west-end Weston neighbourhood is for sale. “The site is, and has been, owned by a private family for many years,” JLL Capital Markets Group executive vice-president Elliot Medoff told RENX in an email interview. Medoff and sales associate Nick Steele are the - [Blackwood Partners and Nicola Wealth Real Estate announce another major industrial land acquisition](https://www.torontocommercialproperties.ca/blackwood-partners-and-nicola-wealth-real-estate-announce-another-major-industrial-land-acquisition/) - The alliance acquired a prime 34-acre industrial development site, their second deal together. Blackwood Partners (Blackwood) and Nicola Wealth Real Estate (NWRE) acquired a 34-acre industrial development site located in Grimsby, southwest of Toronto. The acquisition, which closed July 26, 2021, marks the second co-venture deal by the partnership since Nicola Wealth acquired Blackwood Partners - [Data, Decision Making, and Opportunity in the GTA Industrial Market](https://www.torontocommercialproperties.ca/data-decision-making-and-opportunity-in-the-gta-industrial-market/) - An In-Depth Analysis of Values, Rental Rates, and Historical Trades When looking to invest, develop, purchase, or lease commercial real estate assets, CRE professionals often fail in their pursuits when they let a widespread belief get in the way of sound decision-making. Making the right move is simple but extremely difficult; with hindsight humbling even - [Avenue31 plans to build 1.95M sq. ft. of Ottawa industrial](https://www.torontocommercialproperties.ca/avenue31-plans-to-build-1-95m-sq-ft-of-ottawa-industrial/) - Do your homework, be organized and plan. It’s a straightforward formula and one that is paying off for Ottawa-based developer Avenue31 as it begins its plan to deliver almost two million square feet of space into the National Capital Region. In May, local media reported that Avenue31 had submitted a development proposal for a roughly 650,000-square-foot warehousing - [Doug Ford’s Administration Accelerates Huge Futuristic Development Near Lake Simcoe](https://www.torontocommercialproperties.ca/doug-fords-administration-accelerates-huge-futuristic-development-near-lake-simcoe/) - The province approved a special order to accelerate a development in Innisfil that will turn agricultural fields into a futuristic, traffic-oriented development surrounded by concentric rings of condominiums and townhouses. Over the next 20 years, Orbit’s proposal (approved by the Minister’s Zoning Order, or MZO) will increase the population of Innisfil, which currently has fewer - [Canadian office leasing market showed early signs of recovery in second quarter of 2021: Morguard](https://www.torontocommercialproperties.ca/canadian-office-leasing-market-showed-early-signs-of-recovery-in-second-quarter-of-2021-morguard/) - Office leasing activity showed signs of increased business confidence due to a more optimistic economic and public health outlookMulti-suite residential rental and industrial properties remained popular with investorsDemand for retail properties with defensive attributes remained relatively stable and positive The Canadian office leasing market displayed early signs of recovery in the second quarter of 2021, - [Plaza Retail REIT Continues Construction Projects, Growth In Second Quarter](https://www.torontocommercialproperties.ca/plaza-retail-reit-continues-construction-projects-growth-in-second-quarter/) - Plaza Retail REIT’s quarterly earnings report indicated strong continued growth in the second quarter of 2021. The company says they have begun transitioning from pandemic recovery to looking for opportunities for growth. “Our portfolio of essential needs and value retail open-air centres located in primary and strong secondary markets across a wide geography are performing - [CIBC SQUARE South Tower Welcomes Tenants as North Tower Work Advances](https://www.torontocommercialproperties.ca/cibc-square-south-tower-welcomes-tenants-as-north-tower-work-advances/) - The most significant Downtown Toronto office development since Brookfield Place was constructed in the 1990s, the CIBC SQUARE office complex by Hines and Ivanhoé Cambridge remains a hot topic on UrbanToronto. Designed by UK-based WilkinsonEyre Architects with Toronto’s Adamson Associates, the complex will consist of a matched pair of towers—turned at near 90-degree angles to each other—the first of which, the south tower, which recently began to - [50-Storey Mixed-Use Tower Could Rise Near Yonge and Bloor](https://www.torontocommercialproperties.ca/50-storey-mixed-use-tower-could-rise-near-yonge-and-bloor/) - A stretch of land home to a mix of heritage office and commercial buildings two blocks south of Yonge and Bloor is on the path to be transformed into a 50-storey mixed-use tower. Last month, Toronto-based developer Mattamy Homes — which recently announced it was going to be expanding into high-rise condo developments — submitted a Site - [First Capital executes $400M in sales, development JVs](https://www.torontocommercialproperties.ca/first-capital-executes-400m-in-sales-development-jvs/) - First Capital REIT has agreements to sell three of its Western Canadian shopping centres, and has entered into partnerships on two major Toronto development properties. In total the four transactions amount to approximately $400 million. The REIT is selling neighbouring retail properties in Airdrie, Alta., the Towerlane Centre and Airdrie Village. It is also selling the - [Rundown Corner On Yonge St. In Toronto Now For Sale For $27 Million](https://www.torontocommercialproperties.ca/rundown-corner-on-yonge-st-in-toronto-now-for-sale-for-27-million/) - If the exorbitant prices of housing in Toronto aren't quite enough to really bemuse and dispirit you, the city's commercial real estate market will likely do it. Take, for example, a corner lot on Yonge Street that is now going for a staggering $27 million — more than 15 times the cost of an average detached house in the city (a - [Soneil Investments Acquires Two GTA East Industrial Assets for $120M](https://www.torontocommercialproperties.ca/soneil-investments-acquires-two-gta-east-industrial-assets-for-120m/) - Soneil Investments has purchased two industrial assets for $120 million in the eastern portion of the Greater Toronto Area. The two properties, acquired separately, are located at 1160-1170 Birchmount Rd. in Toronto, ON and 202 South Blair St. in Whitby, ON. Cumulatively, the assets contain three multi-tenant buildings of over 665,000 square feet on 41 acres of land. The transactions mark - [Allied Properties REIT says business districts will soon roar back to life](https://www.torontocommercialproperties.ca/allied-properties-reit-says-business-districts-will-soon-roar-back-to-life/) - Some of Allied's tenants are mapping out plans to bring more employees back in the weeks ahead, Chief Financial Officer Cecilia Williams says. Allied Properties Real Estate Investment Trust, a Canadian landlord to companies including Aon Plc and Morgan Stanley, says the business districts of Toronto, Montreal and Vancouver will come roaring back to life. - [Toronto Neighbourhood Could Be Totally Transformed Over The Next Decades](https://www.torontocommercialproperties.ca/toronto-neighbourhood-could-be-totally-transformed-over-the-next-decades/) - A Toronto neighbourhood could see massive changes over the next few decades. More than 500 acres around Downsview Airport and Downsview Park are part of a planning process to develop residential and non-residential property called id8 Downsview. Northcrest Developments and Canada Lands, have named the planning process id8 (ideate) Downsview "because we know a lot of ideas will be shared and discussed between - [GTA commercial real estate market registers a record-setting first half](https://www.torontocommercialproperties.ca/gta-commercial-real-estate-market-registers-a-record-setting-first-half/) - The Greater Toronto Area continues to remain strong and resilient as it registers record-breaking volumes in the first half of 2021 despite enduring a third wave of COVID-19 and continued restrictions. With mass vaccinations taking place and a return to normalcy on the horizon, the conclusion of the first half of 2021 saw an astounding - [Commercial real estate developers grapple to adapt climate-change measures](https://www.torontocommercialproperties.ca/commercial-real-estate-developers-grapple-to-adapt-climate-change-measures/) - Commercial developers across Canada say they’re determined to meet the challenges of climate change come hell or high water, but it’s not always easy being green. “There’s more of an inherent responsibility among developers than ever before to build in ways that are climate friendly. That extends to operating buildings as well, using renewable resources - [Oxford Properties buys KKR warehouses in $2.2-billion deal acquiring 149 distribution properties in 12 U.S. markets](https://www.torontocommercialproperties.ca/oxford-properties-buys-kkr-warehouses-in-2-2-billion-deal-acquiring-149-distribution-properties-in-12-u-s-markets/) - Oxford Properties Group agreed to buy a portfolio of industrial properties from KKR & Co. for about US$2.2 billion as online shopping continues to drive investors toward warehouses. Oxford, the real estate arm of the Ontario Municipal Employees Retirement System, is acquiring 149 distribution properties in 12 U.S. markets, including Dallas, Phoenix, Chicago and Tampa, - [Why REITs deserve another look even as the fourth COVID-19 wave hits](https://www.torontocommercialproperties.ca/why-reits-deserve-another-look-even-as-the-fourth-covid-19-wave-hits/) - The big appeal of real estate investment trusts is stable income, but the pandemic hammered revenues. To capture more than market returns, investors need to take calculated risks. This doesn’t mean betting the farm on a hot tip, but looking for and capitalizing on market opportunities. For those looking to adjust their portfolio in the - [The future of retail real estate . . . is exciting](https://www.torontocommercialproperties.ca/the-future-of-retail-real-estate-is-exciting/) - Innovation, often thought of as the future of business, has given rise to everything from new programming languages in software engineering all the way down to just-in-time manufacturing. The same holds true for real estate; innovation has been changing things since before COVID-19, but the pandemic has given even more fuel to that fire. How - [Blackstone to buy Toronto's WPT Industrial in $3.1 billion deal](https://www.torontocommercialproperties.ca/blackstone-to-buy-torontos-wpt-industrial-in-3-1-billion-deal/) - The REIT focuses on distribution and logistics properties, a hot commodity in commercial real estate. Blackstone Real Estate Investment Trust Inc. is acquiring WPT Industrial Real Estate Investment Trust in a cash deal valued at US$3.1 billion, including debt. BREIT, a non-public real estate investment trust, is paying US$22 per unit for Toronto-based WPT, a - [Ontario to give license on commercial mortgages](https://www.torontocommercialproperties.ca/ontario-to-give-license-on-commercial-mortgages/) - Sophisticated borrowers and lenders will be able to negotiate commercial mortgages through unlicensed channels if proposed regulatory amendments are enacted in Ontario. The draft regulation, currently posted for public comment on the provincial registry, arises from 2019 legislative recommendations pertaining to Ontario’s Mortgage Brokerages, Lenders and Administrators Act (MBLAA). Drawing on stakeholder input at the time, Members of Provincial - [Real estate investment surges to record with Canada rebounding](https://www.torontocommercialproperties.ca/real-estate-investment-surges-to-record-with-canada-rebounding/) - Canada saw record investment in commercial properties in the second quarter as the easing of the COVID-19 pandemic pushed buyers and sellers off the sidelines. With the country’s economy rebounding, $14 billion (US$11 billion) worth of commercial real estate changed hands in the three-month period, a 29 per cent increase over the previous quarter, according - [BAZIS buys midtown T.O. plaza, plans high-rise redevelopment](https://www.torontocommercialproperties.ca/bazis-buys-midtown-t-o-plaza-plans-high-rise-redevelopment/) - BAZIS has acquired a midtown Toronto strip mall property from an unnamed private vendor in a $37-million off-market deal. “In my opinion, the vendor probably realized that, with all the development happening in the neighbourhood, this particular asset had outlived its true potential as an investment and the highest value would be achieved through it being - [Oxford Properties and CPPIB seek to sell one of Toronto's largest office buildings](https://www.torontocommercialproperties.ca/oxford-properties-and-cppib-seek-to-sell-one-of-torontos-largest-office-buildings/) - Oxford Properties Group and co-investor Canada Pension Plan Investment Board (CPPIB) have hired RBC Capital Markets to explore a potential sale of Toronto’s Royal Bank Plaza, according to a spokesperson for Oxford. The downtown office complex is among Toronto’s largest, totalling almost 1.5 million square feet across two towers, with RBC leasing 40% of the - [Skyline to sell Deerhurst, Horseshoe, Blue Mountain land](https://www.torontocommercialproperties.ca/skyline-to-sell-deerhurst-horseshoe-blue-mountain-land/) - Freed Corp. will pay $210 million to acquire Ontario’s Deerhurst Resort, Horseshoe Valley Resort and development lands at Blue Mountain Resort from Skyline Investments Inc., the firms announced Monday morning. The transaction involves the creation of a new subsidiary by Toronto-based Freed, to be called Resort Communities LP. Skyline will take a 29 per cent equity stake - [A New Development Could Force Toronto’s Famous Cube House to Move](https://www.torontocommercialproperties.ca/a-new-development-could-force-torontos-famous-cube-house-to-move/) - For nearly three decades, motorists driving along the Don Valley Parkway, sidewalk passersby, and architectural enthusiasts have marvelled over Toronto’s modular, post-modern cube house. Situated at 1 Sumach Street on an 8,700 square foot, wedge-shaped property in Corktown, the structure, which consists of three tilted geometric green blocks sitting diagonally atop a tower, was built - [Two Sevens sees opportunity in value-add Ont. apartments](https://www.torontocommercialproperties.ca/two-sevens-sees-opportunity-in-value-add-ont-apartments/) - This summer has been a big one for Two Sevens Capital as it celebrated its third birthday and made its third and fourth acquisitions. The private investment firm was founded by chief executive officer Adam Batstone in July 2018. The first 15 years of his career were spent managing money for high-net-worth families across Canada for Russell Investments and ScotiaMcLeod, - [Dream acquires 100% of huge Ottawa Zibi development](https://www.torontocommercialproperties.ca/dream-acquires-100-of-huge-ottawa-zibi-development/) - The “Dream team” behind what is arguably the largest and most complex waterfront redevelopment in Canada has taken full ownership as the multi-billion-dollar project continues to unfold in the National Capital Region. In its Q2 report, Dream Impact Trust reported that it, along with Dream Asset Management Corp. (DAM), had acquired the remaining third-party interest in the 34-acre Zibi redevelopment - [Real estate deals hit record volume in Q2](https://www.torontocommercialproperties.ca/real-estate-deals-hit-record-volume-in-q2/) - Investors closed nearly $14 billion worth of commercial real estate deals in the second quarter of 2021, making it Canada’s most active quarter ever for non-M&A investment volume. CBRE’s newly released Canada Investment MarketView charts a 29 per cent jump in sales volume from the first quarter of this year and a 149 per cent increase from - [Nexus to acquire 9 industrial properties, in 4 provinces, for $359M](https://www.torontocommercialproperties.ca/nexus-to-acquire-9-industrial-properties-in-4-provinces-for-359m/) - Nexus REIT announced Monday afternoon it has deals to acquire a total of nine distribution centres and other industrial properties in four provinces, for a total price of $359 million, as it continues to transform to a pure-play industrial entity. There are four transactions involved in the announcement, including the acquisition of a portfolio of three - [Hazelview Plans Rental Redevelopment Near St Clair and Bathurst](https://www.torontocommercialproperties.ca/hazelview-plans-rental-redevelopment-near-st-clair-and-bathurst/) - Hazelview Investments has submitted a rezoning application to the City of Toronto to facilitate the construction of a rental residential building at 40 Raglan Avenue. Located northwest of the corner of St Clair Avenue West and Bathurst Street, the application proposes a 28-storey development designed by Graziani + Corazza Architects. The site is currently home to a 7-storey rental - [Scarborough Centre ripe for development; this site could start it](https://www.torontocommercialproperties.ca/scarborough-centre-ripe-for-development-this-site-could-start-it/) - The Scarborough Centre area is ripe for major development and Colliers is marketing a Progress Avenue property zoned for a high-density project which could get the ball rolling. The 1.6-million-square-foot Scarborough Town Centre mall, owned by Oxford Properties and Alberta Investment Management Corporation, acts as the hub for an area that’s roughly bordered by Highway 401 to the north, Ellesmere Road to - [CIBC SQUARE’s fully leased first tower is open](https://www.torontocommercialproperties.ca/cibc-squares-fully-leased-first-tower-is-open/) - The first phase of the two-tower three-million-square-foot CIBC SQUARE, 81 Bay in downtown Toronto, is now fully leased and welcoming tenants into their new spaces. “We’re very proud of this impressive tenant roster that we’ve achieved at 81 Bay,” Charlie Musgrave, Ivanhoé Cambridge senior director of office leasing for North America, told RENX. “CIBC, Microsoft, Boston Consulting Group and AGF are some of - [KingSett Set to Replace Office Tower on Bay North of Bloor](https://www.torontocommercialproperties.ca/kingsett-set-to-replace-office-tower-on-bay-north-of-bloor/) - On September 17, the City of Toronto received applications for Official Plan and Zoning By-law amendments along with a Site Plan Approval application from KingSett Capital to facilitate the construction of a new 35-storey tower in Yorkville. The applications pertain to a site on the east side of Bay Street bordered by Yorkville Avenue to the north - [Northland acquires T.O.’s King Blue Hotel from Greenland](https://www.torontocommercialproperties.ca/northland-acquires-t-o-s-king-blue-hotel-from-greenland/) - Northland Properties has acquired the soon-to-be-completed King Blue Hotel in Toronto from Greenland Canada, which is developing the 118-suite boutique facility as part of its twin-tower King Blue Condominiums. Located at the corner of King St. West and Blue Jays Way in the downtown core, the King Blue development comprises 48- and 44-storey towers connected by a six-storey podium - [Triovest set to build 562K sq. ft. of Brampton industrial](https://www.torontocommercialproperties.ca/triovest-set-to-build-562k-sq-ft-of-brampton-industrial/) - Triovest has just started marketing a 22-acre Brampton site in the northern Greater Toronto Area where it plans to build two mid-bay industrial buildings totalling about 562,000 square feet. The property is owned by a pension fund, but Triovest will be doing much of the legwork and heavy lifting to get the almost identically sized buildings - [Dream closes on Toronto acquisitions, 912 apartments](https://www.torontocommercialproperties.ca/dream-closes-on-toronto-acquisitions-912-apartments/) - Three Dream entities have closed on the acquisitions of two Toronto apartment properties, comprising 912 units, for $378 million. The partners also have another Toronto acquisition under contract. The acquisitions of the 912 apartments were originally announced during the summer, but at the time Dream did not provide further information about the properties. The sites are Weston - [H&M to join Amazon at GTA East Industrial Park in Ajax](https://www.torontocommercialproperties.ca/hm-to-join-amazon-at-gta-east-industrial-park-in-ajax/) - Swedish clothing company H&M will be the sole tenant of a 716,646-square-foot industrial building being constructed at the GTA East Industrial Park in Ajax, just east of Toronto. The announcement was made during a groundbreaking ceremony for the project Thursday afternoon. Blackwood Partners, Crestpoint Real Estate Investments Ltd. and its pension fund partner bought the GTA East Industrial Park site in - [Concord Adex Take Over a Cresford Development Site at Yonge and Gerrard](https://www.torontocommercialproperties.ca/concord-adex-take-over-a-cresford-development-site-at-yonge-and-gerrard/) - An 85-storey development on the southeast corner of Yonge and Gerrard Streets in Downtown Toronto is moving forward following a change of ownership. Originally a Cresford project, the formerly 85-storey condo previously known as Yonge Street Living (YSL) has been acquired by Concord Adex. The site of the development has been relatively quiet since Cresford ran into liquidity issues - [Dazzling New Condo And Hotel Complex To Be Niagara Falls' Biggest And Tallest](https://www.torontocommercialproperties.ca/dazzling-new-condo-and-hotel-complex-to-be-niagara-falls-biggest-and-tallest/) - Known for its namesake natural wonder and kitschy tourist draws, Niagara Falls could soon be getting a shimmering new addition to its skyline, complete with a breathtaking attraction offering a new way to view the falls. For over a decade, an approved plan to build condo and hotel towers with heights of 32, 42 storeys, - [Low interest rates tempting for investors in commercial real estate](https://www.torontocommercialproperties.ca/low-interest-rates-tempting-for-investors-in-commercial-real-estate/) - With superlow interest rates, prices rising constantly and a pandemic that has upended the way we work and shop, investing in commercial real estate right now can seem unusually tricky. But it also can offer unusually good opportunities for those who navigate the low-interest environment and uncertain economy, people in the sector say. The fundamentals - [Economic recovery and market uncertainty remains due to pandemic and disruptions](https://www.torontocommercialproperties.ca/economic-recovery-and-market-uncertainty-remains-due-to-pandemic-and-disruptions/) - The latest results from Altus Group’s Investment Trends Survey (ITS) for the four benchmark asset classes show that the Overall Capitalization Rates (OCR) dropped slightly to 5.01% in Q3 2021 compared to the previous quarter which was at 5.06%, and from 5.14% in Q3 2020 (Figure 1). Although vaccination efforts are helping to temper a fourth wave - [Marlin Spring buys Toronto property with new Development Fund](https://www.torontocommercialproperties.ca/marlin-spring-buys-toronto-property-with-new-development-fund/) - Marlin Spring has announced more than $115 million in commitments to its new Development Fund, made two Toronto acquisitions over the past two months, and has an additional fund closing at the end of this month. The Toronto-based real estate investment and development firm set out to raise funds in December 2020 but didn’t know how - [Artis Real Estate Investment Trust Releases Third Quarter Results](https://www.torontocommercialproperties.ca/artis-real-estate-investment-trust-releases-third-quarter-results/) - Artis Real Estate Investment Trust announced today its financial results for the three and nine months ended September 30, 2021. The third quarter press release should be read in conjunction with the REIT's consolidated financial statements and Management's Discussion and Analysis ("MD&A") for the period ended September 30, 2021. All amounts are in thousands of Canadian dollars, - [Signs point to CRE revival in downtown Toronto](https://www.torontocommercialproperties.ca/signs-point-to-cre-revival-in-downtown-toronto/) - Since the official start of the pandemic in March 2020, Toronto’s downtown has been nothing short of a deserted wasteland. The retail and office CRE sectors saw little activity during the past year and a half, with the majority of the population keeping their distance, isolating and working remotely. While historically high vacancy rates left - [LaSalle, TAS in $120M Toronto JV: ‘Core real estate with a soul’](https://www.torontocommercialproperties.ca/lasalle-tas-in-120m-toronto-jv-core-real-estate-with-a-soul/) - A new forward-thinking joint venture between LaSalle Investment Management Canada’s LaSalle Canada Property Fund and TAS has purchased its first three properties in Toronto for an undisclosed price. The acquisitions represent the first phase of the 50/50 partnership that’s initially targeting the deployment of $120 million focused on adaptive re-use, lease-up and stabilization of properties in up-and-coming neighbourhoods throughout - [Morguard Corporation Announces 2021 Third Quarter Results and Regular Eligible Dividend](https://www.torontocommercialproperties.ca/morguard-corporation-announces-2021-third-quarter-results-and-regular-eligible-dividend/) - Morguard Corporation announced its financial results for the three and nine months ended September 30, 2021. Morguard is pleased to report its financial and operating results for the three and nine months ended September 30, 2021, that demonstrate the resilient nature of the Company's portfolio and also reflect the prudent actions taken by management and staff in - [Shelborne Capital buys $90M Ontario industrial portfolio](https://www.torontocommercialproperties.ca/shelborne-capital-buys-90m-ontario-industrial-portfolio/) - Shelborne Capital got off to a somewhat impetuous start five years ago, but that initial investment paid off and the growing firm has just acquired a 21-property industrial portfolio in Barrie for $90 million. Shelborne Capital’s founder, president and chief executive officer Nathan Bierbrier had previously worked in property management and as a real estate broker. - [Multifamily withstands pandemic better than most property types](https://www.torontocommercialproperties.ca/multifamily-withstands-pandemic-better-than-most-property-types/) - While many sectors of the economy were hit hard by the global pandemic, the multifamily sector, which includes condo and rental, remained a stable investment. Here are some of the reasons why multifamily real estate is a sound investment strategy. Investment in multi-unit construction continues to grow, driven by strong activity in Montreal and Toronto, - [Towering Condo Development To Replace A Block Of Yonge Street Businesses](https://www.torontocommercialproperties.ca/towering-condo-development-to-replace-a-block-of-yonge-street-businesses/) - Toronto has a love-hate affair with the condo, and as much as people love to complain about these glittering towers with shoebox-sized homes, there seem to be just as many willing to dole out big bucks to own one or more of them. Yonge Street is one major thoroughfare undergoing frenzied condominiumization, and it seems many more towers will line - [Edge development in commercial, industrial sectors sees growth in small urban areas](https://www.torontocommercialproperties.ca/edge-development-in-commercial-industrial-sectors-sees-growth-in-small-urban-areas/) - There’s lots of talk about a commercial building boom in the centre of megacities such as the Greater Toronto Area, but big things are also happening at the edges. Ontario Power Generation (OPG) plans to break ground early in the new year for its new headquarters in Clarington, Ont., near the Darlington nuclear station it - [What CRE Lenders Wish They Knew in March 2020](https://www.torontocommercialproperties.ca/what-cre-lenders-wish-they-knew-in-march-2020/) - When the pandemic forced shutdowns in March 2020, it left commercial real estate finance professionals in limbo as they grappled with how a global health crisis would alter their industry going forward. Nineteen months later, we have a slightly clearer picture of which property markets are poised for a bright future and which sectors will - [Coming soon to a street near you? Why Toronto’s chief planner wants multi-unit homes in single-family neighborhoods](https://www.torontocommercialproperties.ca/coming-soon-to-a-street-near-you-why-torontos-chief-planner-wants-multi-unit-homes-in-single-family-neighborhoods/) - Toronto’s chief planner is hoping to crack open the city’s long-impermeable “yellowbelt,” adding extra housing supply to neighbourhoods currently dominated by single-family homes. In a new report headed to a city hall planning and housing committee this week, planning boss Gregg Lintern and his team suggest denser housing supply — duplexes, triplexes, fourplexes and, in - [KingSett Proposes Atrium on Bay Residential Tower with 317 new purpose-built rental units](https://www.torontocommercialproperties.ca/kingsett-proposes-atrium-on-bay-residential-tower-with-317-new-purpose-built-rental-units/) - Last week, KingSett Capital submitted a Zoning By-law Amendment application to the City of Toronto seeking to redevelop a portion of the prominent intersection of Yonge and Dundas streets, the northwest corner of which is currently home to a 1980s office complex known as Atrium on Bay. The proposal introduces a 34-storey tower with 317 new purpose-built - [Laurentian Bank to cut leased office space by 50%](https://www.torontocommercialproperties.ca/laurentian-bank-to-cut-leased-office-space-by-50/) - Laurentian Bank of Canada has announced a series of operational changes as a result of a strategic review, including a plan to slash its leased office space in Montreal, Toronto and Burlington by half. The bank plans to stick with a longer-term hybrid work-from-home model for many of its employees, though Laurentian said this will - [Parkit to Acquire $18,000,000 Oakville, Ontario Property](https://www.torontocommercialproperties.ca/parkit-to-acquire-18000000-oakville-ontario-property/) - Parkit Enterprise Inc. is pleased to announce that it has agreed to acquire an industrial property in Oakville, Ontario. Acquisition of Property Parkit has entered into an asset purchase agreement, with an arms length vendor (the "Vendor"), pursuant to which Parkit has agreed to acquire 1485 Speers Road, Oakville, Ontario (the "Property") for an aggregate purchase - [Bigger, stacked buildings and tech keys to future-proofing warehousing](https://www.torontocommercialproperties.ca/bigger-stacked-buildings-and-tech-keys-to-future-proofing-warehousing/) - It’s no secret Canada’s big-city industrial markets are out of balance. For too long, there’s been too much demand and too little space. That’s an especially pressing issue when it comes to warehouse space in Vancouver, Toronto and Montreal, which all face industrial vacancies that are flirting with sub-one per cent. Given the insatiable demand for space - [Sorbara Group Proposes to Replace the Phoenix with 39-Storey Condo](https://www.torontocommercialproperties.ca/sorbara-group-proposes-to-replace-the-phoenix-with-39-storey-condo/) - A proposed development by the Sorbara Group at 410 Sherbourne for a new 39-storey residential condo building would bring 456 units to the Cabbagetown–South St James Town neighbourhood of Downtown Toronto. The tower would replace the Phoenix Concert Theatre, a music venue that has played a significant role in Toronto’s diverse music scenes and communities for over 70 years. - [Commercial real estate trends show opportunity](https://www.torontocommercialproperties.ca/commercial-real-estate-trends-show-opportunity/) - Many industries struggled with the uncertainty of the last few years. The pandemic and aftermath impacted all commercial real estate asset classes, but has also shown that innovative solutions in the market have made way for opportunities. The pandemic put significant pressure on property types like hotel, retail and office. As the return-to-normal continues to - [Toronto Offices Are Finally Looking More Normal As People Get Back to Work](https://www.torontocommercialproperties.ca/toronto-offices-are-finally-looking-more-normal-as-people-get-back-to-work/) - The pandemic has left Toronto's usually bustling Financial District a complete ghost town for the majority of the last 20 months, with a glut of available office space flooding onto the market and countless nearby businesses forced to shutter permanently amid record low foot traffic. Though a hybrid work model with at least some time from home is the inevitable future for many industries — backyard - [QuadReal acquires ‘trophy’ 60-acre GTA industrial property](https://www.torontocommercialproperties.ca/quadreal-acquires-trophy-60-acre-gta-industrial-property/) - One of the most coveted industrial development properties in the Greater Toronto Area, a 60-acre site at 1700 Derry Road in Mississauga, has been acquired by BCIMC’s real estate arm QuadReal. The transaction closed nine months after QuadReal got the site under contract in February. It paid $115 million for the property, which backs onto Toronto Pearson - [City of Toronto and CreateTO announce development partner for the $250 million Basin Media Hub](https://www.torontocommercialproperties.ca/city-of-toronto-and-createto-announce-development-partner-for-the-250-million-basin-media-hub/) - Mayor John Tory announced that Hackman Capital Partners (HCP) and its affiliate The MBS Group (MBS) will develop and operate the Basin Media Hub; a $250 million, purpose-built, state-of-the-art film, television and digital media hub to be located on an 8.9-acre waterfront development parcel in Toronto’s Port Lands, located at 29, 35, 41 Basin St. - [Next-generation buildings create S. Ontario smart industrial hub](https://www.torontocommercialproperties.ca/next-generation-buildings-create-s-ontario-smart-industrial-hub/) - A smart industrial hub extending beyond the Greater Toronto Area (GTA) into much of Southern Ontario isn’t just changing the way business is being done, but also the buildings in which that business is being conducted. The observation is contained in a recent Savills white paper authored by Toronto-based senior vice-president Allen Grinberg and corporate real estate - [Looking into the future: Where will CRE be in 10 years?](https://www.torontocommercialproperties.ca/looking-into-the-future-where-will-cre-be-in-10-years/) - The expanded role of governments, the expectations of investors, lenders and building occupiers, and the need for tougher ESG commitments were key topics when three senior executives recently pondered the state of commercial real estate 10 years from now. The heads of RioCan REIT, Concert Properties and TD Asset Management’s global real estate investments tackled - [Shut out of the residential housing investment market? Take a look at commercial](https://www.torontocommercialproperties.ca/shut-out-of-the-residential-housing-investment-market-take-a-look-at-commercial/) - Properties that interest one broker: lakefront hotels, self-storage facilities near cities The pandemic has been kind to Canada’s established real estate investors as skyrocketing home prices and rock-bottom mortgage rates have created a prime opportunity for them to turn their equity into expanded residential portfolios. In Ontario alone, multi-property owners were responsible for more than a quarter - [Big opportunity to develop ‘small apartments’ in Canada: Lobo](https://www.torontocommercialproperties.ca/big-opportunity-to-develop-small-apartments-in-canada-lobo/) - B.C. and Alberta have proportionately more apartment transactions and more new apartment construction than Ontario and Quebec. The reason, SVN Rock Advisors Inc., Brokerage CEO Derek Lobo said, is 45 years of rent controls in the latter two provinces which have deterred development and contributed to affordable housing shortages. “The industry collapsed because of rent controls and, - [SmartCentres to pay $513M, acquire 53 acres at Vaughan Metro Centre](https://www.torontocommercialproperties.ca/smartcentres-to-pay-513m-acquire-53-acres-at-vaughan-metro-centre/) - SmartCentres REIT will pay $513 million to acquire a two-thirds interest in 53 acres of property at the massive Vaughan Metropolitan Centre (VMC) development just north of the City of Toronto, the trust has announced. The property is part of the SmartVMC development, a 100-acre master-planned city centre which is being developed at the VMC, along Highway - [Canada’s lease rates for offices increasing, despite soaring vacancies](https://www.torontocommercialproperties.ca/canadas-lease-rates-for-offices-increasing-despite-soaring-vacancies/) - Although Canada’s average office vacancy rate has increased by a staggering 33 per cent since the start of the pandemic, several factors point to the resilience of the sector, real estate experts say. The shift to remote work has helped propel Canada’s office vacancy rate to a 25-year high of 15.7 per cent in the - [Top-10 CRE transactions in the GTA in 2021](https://www.torontocommercialproperties.ca/top-10-cre-transactions-in-the-gta-in-2021/) - Commercial real estate investment activity in Ontario’s Greater Toronto Area (GTA) and Greater Golden Horseshoe (GGH) regions increased significantly this year over the previous two years. Altus Group compiled transaction activity statistics and came up with a list of the biggest individual deals for 2021. Ray Wong, vice-president of data operations for the Data Solutions division, spoke with - [Northbridge buys ‘extremely rare’ 30-acre Vaughan industrial site](https://www.torontocommercialproperties.ca/northbridge-buys-extremely-rare-30-acre-vaughan-industrial-site/) - Northbridge Capital has acquired an “extremely rare” 30-acre industrial property with redevelopment potential in a prime area of the Greater Toronto Area city of Vaughan for $110 million. The off-market transaction involves three parcels at 101/189/205 Doney Crescent. It’s situated along Highway 407 near Keele Street, bordering the CN MacMillan railyard, and just a short distance from - [Morguard outlook forecasts growth for commercial real estate sector in 2022](https://www.torontocommercialproperties.ca/morguard-outlook-forecasts-growth-for-commercial-real-estate-sector-in-2022/) - The recently released Morguard Corporation 2022 Canadian Economic Outlook and Market Fundamentals Report forecasts recovery and growth for Canada’s commercial real estate sector in 2022 and increased investor activity following the anticipated post-pandemic full economic reopening. The 24th annual edition of the report provides a detailed analysis of the 2021 Canadian real estate market as well - [Triovest acquires industrial land in Markham, Pickering](https://www.torontocommercialproperties.ca/triovest-acquires-industrial-land-in-markham-pickering/) - Triovest and its partners have made two industrial development land acquisitions in the Greater Toronto Area (GTA) and anticipate closing on additional properties by early January. “We’re still undersupplied in terms of high-quality space based on the demand that we’re seeing and the shifts in how people shop and the need for great warehouse space,” Triovest - [Starlight buys 68-building SW Ontario apartment portfolio](https://www.torontocommercialproperties.ca/starlight-buys-68-building-sw-ontario-apartment-portfolio/) - Starlight Investments is ending 2021 with a bang, acquiring a portfolio of 68 assets comprising 1,106 rental units across Southwestern Ontario. Starlight says this transaction completes its 2021 Canadian multiresidential acquisition plans. The portfolio is comprised of low-rise properties of up to four storeys in the Kitchener-Waterloo, Cambridge, Stratford, Woodstock and Guelph areas. Starlight did not - [Greater Toronto Area Industrial Commercial Q3 2021 Statistics](https://www.torontocommercialproperties.ca/greater-toronto-area-industrial-commercial-q3-2021-statistics/) - Source Altus Group. Click here to read a full story - [Zara Billionaire Ortega to Buy Toronto’s Royal Bank Plaza](https://www.torontocommercialproperties.ca/zara-billionaire-ortega-to-buy-torontos-royal-bank-plaza/) - Amancio Ortega, the billionaire behind the Zara clothing chain, has agreed to buy Toronto’s Royal Bank Plaza skyscraper from two Canadian pension funds for about C$1.2 billion ($961 million). The sale of the iconic, gold-clad tower in the heart of Canada’s financial capital is among the biggest transactions for an office building globally since the - [Canada’s retail vacancy to be ‘stable’ through 2024](https://www.torontocommercialproperties.ca/canadas-retail-vacancy-to-be-stable-through-2024/) - Despite the continuing economic challenges of the COVID-19 pandemic and the rise of e-commerce, the national retail vacancy rate is expected to see a slight decrease of less than one per cent by 2024, a new report by Colliers International predicts. The report states growth in e-commerce is unlikely to significantly impact the total amount of retail - [Industrial rental rates continue upward climb](https://www.torontocommercialproperties.ca/industrial-rental-rates-continue-upward-climb/) - Vacancy rate averages 1.3 per cent across 12 Canadian markets in Q4 2021 Industrial rental rates trended upward in 11 of the 12 metropolitan areas that Colliers Canada tracks during the fourth quarter of 2021. A newly released snapshot of Canadian markets finds vacancy rates below 1 per cent in five markets, and between 1 and 5.4 - [Best Buy Launching Smaller Store Format for Canadian Market](https://www.torontocommercialproperties.ca/best-buy-launching-smaller-store-format-for-canadian-market/) - Canadian retailer Best Buy is launching a new smaller format store at the Sherwood Park Mall just outside of Edmonton. Mat Povse, Senior Vice President, Best Buy Retail & Geek Squad Services, said through the two years of the pandemic people have become much more dependent on technology. “They’re learning. They’re working. And they’re entertaining and they’re taking care - [Commercial Investors Have Life Sciences on the Radar. Here’s Why](https://www.torontocommercialproperties.ca/commercial-investors-have-life-sciences-on-the-radar-heres-why/) - The life sciences sector is increasingly popular with investors, and while the emergent asset class has limitations in Canada that don’t exist south of the border, its relative nascence means there won’t be a better time to invest than the present. “I think from a growth perspective, the macro thesis is one where demographics of - [Top-10 CRE transactions in the GTA in 2021](https://www.torontocommercialproperties.ca/top-10-cre-transactions-in-the-gta-in-2021-2/) - The biggest GTA commercial real estate transaction of 2020 was QuadReal’s Oct. 9 acquisition of a 0.453-acre parcel of residential land at 480 Yonge St. in Toronto for $171.93 million. QuadReal acquired it from the Ontario Superior Court of Justice after Cresford Developments purchased it in November 2016 for $67 million. Cresford had plans to develop the 39-storey, - [Commercial real estate investment activity in GTA increased significantly in 2021](https://www.torontocommercialproperties.ca/commercial-real-estate-investment-activity-in-gta-increased-significantly-in-2021/) - Commercial real estate investment activity in Ontario’s Greater Toronto Area (GTA) and Greater Golden Horseshoe (GGH) regions increased significantly this year over the previous two years. Altus Group compiled transaction activity statistics and came up with a list of the biggest individual deals for 2021. Ray Wong, vice-president of data operations for the Data Solutions division, spoke with - [CRE investment in Canada remains on record pace: Top execs](https://www.torontocommercialproperties.ca/cre-investment-in-canada-remains-on-record-pace-top-execs/) - Commercial real estate investor sentiment has improved significantly over the past year, particularly over the past six months. Peter Senst, president of Canadian capital markets for CBRE, moderated a four-person panel representing companies that are major investors in Canada and internationally during a session as part of the 30th annual Real Estate Forum at Toronto’s Fairmont Royal York on Dec. - [Omicron is Keeping Toronto’s Office Sector in a ‘Holding Pattern’](https://www.torontocommercialproperties.ca/omicron-is-keeping-torontos-office-sector-in-a-holding-pattern/) - Toronto’s office sector showed signs of recovery during the last couple of quarters when COVID-19-related restrictions eased, but the Omicron variant spreading like wildfire has proven a spanner in the works. A report from Colliers noted that office leasing in Q4-2021 was particularly strong in the FIRE (financial services and real estate) and PSTS (professional, scientific and technical services) - [Top-35 Canadian CRE stories of 2021](https://www.torontocommercialproperties.ca/top-35-canadian-cre-stories-of-2021/) - As we enter the holiday season and the clock ticks down on another year, we once again offer our annual RENX Top-35 Canadian CRE Stories of 2021. Top-35 you say? Well, yes. We started out trying to pare the list to 30 top stories, but after what is expected to be a record-breaking year of acquisitions, - [The industrial real estate market in Southwestern Ontario is nearly full](https://www.torontocommercialproperties.ca/the-industrial-real-estate-market-in-southwestern-ontario-is-nearly-full/) - The industrial real estate market in Southwestern Ontario is nearly full, a new report finds, with some of the country’s most in-demand places found along Highway 401. The report Another Year, Another Record, from commercial real estate brokerage CBRE, outlines the fourth quarter industrial real estate market in Windsor and surrounding area. It found that - [Skyline sells industrial portfolios in Ottawa, GTA for $217M](https://www.torontocommercialproperties.ca/skyline-sells-industrial-portfolios-in-ottawa-gta-for-217m/) - Skyline Commercial REIT has sold two industrial portfolios comprising 20 properties in Ottawa and the Greater Toronto Area for over $217 million. The Guelph-based trust said in a release both transactions closed on Monday – the same day the unrelated sale of a massive 2.8-million-square-foot Amazon warehouse in Ottawa was also announced. In the Amazon transaction, - [Toronto real estate investor to pump $85M into London industrial space](https://www.torontocommercialproperties.ca/toronto-real-estate-investor-to-pump-85m-into-london-industrial-space/) - A Toronto real estate investor is spending big bucks in London. Nexus Real Estate Investment Trust will invest more than $85 million in the city this year and next, buying industrial space after investing more than $56 million in 2021, as London has become a hot commercial real estate market, observers said. “London is a - [Crestpoint Acquires 2.8 Million sf Amazon Distribution Centre](https://www.torontocommercialproperties.ca/crestpoint-acquires-2-8-million-sf-amazon-distribution-centre/) - Crestpoint Real Estate Investments Ltd. (Crestpoint) today announced the acquisition of 222 CitiGate Drive, a 2.8 million square foot Amazon fulfillment centre located in CitiGate Corporate Business Park in Barrhaven, a suburb of Ottawa. It is the largest fulfillment centre ever built in Canada and uses the latest in smart, and automated and robotic technologies with capacity to - [Commercial real estate: What’s hot and what’s not](https://www.torontocommercialproperties.ca/commercial-real-estate-whats-hot-and-whats-not/) - Experts tend to be bullish on industrial and warehouse property investments Investors looking for income and an inflation hedge may want to consider commercial real estate, but some segments are more attractive than others. “When you are in a world where bonds don’t return anything, real estate has been an effective substitute and we think - [Why a 4-storey apartment could be coming to a residential street near you](https://www.torontocommercialproperties.ca/why-a-4-storey-apartment-could-be-coming-to-a-residential-street-near-you/) - Task force's draft report makes 58 recommendations on improving housing supply The task force asked to find ways to make Ontario housing more affordable wants to do away with rules that entrench single-family homes as the main option in many residential neighbourhoods, according to a draft report. The nine-member Housing Affordability Task Force, chaired by Scotiabank CEO Jake Lawrence, wants - [In Ontario, the COVID-19 pandemic creates property tax winners and losers](https://www.torontocommercialproperties.ca/the-economic-cross-currents-of-the-past-two-years-have-transformed-demand-for-commercial-properties-too-with-hotels-restaurants-and-other-kinds-of-retail-for-example-facing-starkly-different-envi/) - In Ontario , the pandemic creates property tax winners and losers Economic cross-currents from the past two years have transformed demand for commercial properties, but those changes aren’t showing up in property assessments and tax bills yet. The COVID-19 pandemic has reshaped the real estate market in Ontario, as elsewhere in Canada, with the counties girding the - [New work routines fuel growth at IWG: 5 Spaces to open](https://www.torontocommercialproperties.ca/new-work-routines-fuel-growth-at-iwg-5-spaces-to-open/) - Five new Spaces locations encompassing 173,500 square feet will soon be open across Canada, as increasing labour flexibility has increased demand for co-working spaces. IWG Americas chief executive officer Wayne Berger told RENX his company — which operates the Regus, Spaces, No18, Basepoint, Openoffice and Signature brands, among others — had its two biggest demand months ever in January and February 2020 before - [Art of the flip: Converting office buildings to apartments](https://www.torontocommercialproperties.ca/art-of-the-flip-converting-office-buildings-to-apartments/) - The far-reaching effects and opportunities of the pandemic are countless, and doubtless you have probably educated yourself on the ones that are relevant to you. In this article, I’d like to highlight one which we think is a major opportunity globally for apartment developers. It is no surprise that lockdowns and the continuing need for - [Apple threatens to pull out of Sam Mizrahi’s Toronto condo project](https://www.torontocommercialproperties.ca/apple-threatens-to-pull-out-of-sam-mizrahis-toronto-condo-project/) - Apple is threatening to pull out of a massive Toronto condo project, expected to be the tallest residential tower in Canada. Over the past years, the 85-story skyscraper at Yonge and Bloor streets called The One has been under construction, with the final building set to host a unique space designed to host Apple’s flagship - [Colliers REMS assumes management of T.O.’s Royal Bank Plaza](https://www.torontocommercialproperties.ca/colliers-rems-assumes-management-of-t-o-s-royal-bank-plaza/) - Colliers played a major role in Pontegadea’s acquisition of Toronto’s Royal Bank Plaza and is now handling the building’s real estate management services. Pontegadea is the family office of Spain’s Amancio Ortega, the main shareholder of multinational fashion group Inditex and the world’s 19th-wealthiest person with a fortune worth $62.3 billion US as of Feb. 2 (according to the Bloomberg Billionaires - [Industrial leads 2021 MSCI/REALPAC Property Index returns](https://www.torontocommercialproperties.ca/industrial-leads-2021-msci-realpac-property-index-returns/) - The Canadian commercial real estate total return rate bounced back to 7.9 per cent in 2021 after plummeting to negative 4.1 per cent a year earlier due to the pandemic, according to the latest MSCI/REALPAC Canada Property Index. Much of that improvement can be attributed to the industrial asset class, which had a record-breaking 31.6 per cent - [Hamilton airport attracts flurry of industrial sales, development](https://www.torontocommercialproperties.ca/hamilton-airport-attracts-flurry-of-industrial-sales-development/) - John C. Munro Hamilton International Airport has grown to become one of Canada’s largest airports for domestic air-cargo distribution, and developers, investors and users are scooping up nearby land for logistics and fulfillment centres. “It speaks to what’s happened with industrial lands in Southwestern Ontario as well as Hamilton more specifically,” Joe Benninger, vice-president with CBRE’s Southern - [RioCan REIT will re-examine tenant mix, but says physical retail remains strong](https://www.torontocommercialproperties.ca/riocan-reit-will-re-examine-tenant-mix-but-says-physical-retail-remains-strong/) - RioCan Real Estate Investment Trust is “pruning” its tenant mix to ensure malls and other retail spaces it owns are filled with resilient businesses that are best positioned to weather any further COVID-19 upheaval. Chief executive Jonathan Gitlin said Thursday that the Toronto-based commercial landlord’s close look at who is renting its spaces will result - [Soneil tops $1B in AUM with 2 GTA industrial acquisitions](https://www.torontocommercialproperties.ca/soneil-tops-1b-in-aum-with-2-gta-industrial-acquisitions/) - It took 15 years for Brampton-based Soneil Investments to acquire $100 million in commercial real estate. It has topped $1 billion in assets under management in just five years since, hitting the milestone with two Greater Toronto Area industrial acquisitions in recent days. Soneil has acquired the 260,000-square-foot 8301 Keele St., in Vaughan, and a 205,000-square-foot building - [The lure of single-tenant retail properties](https://www.torontocommercialproperties.ca/the-lure-of-single-tenant-retail-properties/) - While some kinds of retail property have fared better than others during the pandemic, one retail type has proven a clear winner. Stand-alone retail properties, occupied by a corporate client such as a major bank, grocery store or big pharmacy, “have always been a preferred asset for investors, but now we are seeing a notable - [Best practices for negotiating commercial real estate](https://www.torontocommercialproperties.ca/best-practices-for-negotiating-commercial-real-estate/) - There are many working parts in offering to purchase or lease a commercial real estate property. Determining the strategy you will employ in a negotiation, however, can have a big bearing on the outcome. I just received an offer on an industrial sale listing last week. Prior to presenting the offer, the agent representing the - [Commercial real estate sees record-breaking Canada-wide land rush](https://www.torontocommercialproperties.ca/commercial-real-estate-sees-record-breaking-canada-wide-land-rush/) - In Waterloo Region, in 2008, it cost $80,000 an acre to buy a vacant 28.5-acre site zoned for future industrial development. Demand for commercial land then soared, and a decade later, similar properties were selling for between $400,000 and $500,000 an acre. But what seems like a remarkable appreciation pales in comparison to what’s happened - [Canadian Real Estate Agents And Brokers See Record Revenues And Record Profits](https://www.torontocommercialproperties.ca/canadian-real-estate-agents-and-brokers-see-record-revenues-and-record-profits/) - Canada’s booming real estate market is making it rain for the industry. Statistics Canada (Stat Can) data shows agents and brokers collected record revenue in 2020. Despite a slow second quarter, elevated demand in the second half more than made up for the hiccup. Strong demand (and price growth) helped to drive the largest profit margins ever. - [Fitzrovia's The Grainger and The Sanderson Coming to Old Town Toronto](https://www.torontocommercialproperties.ca/fitzrovias-the-grainger-and-the-sanderson-coming-to-old-town-toronto/) - Toronto's most historic area is soon to be home to Fitzrovia Real Estate's latest purpose-built rental project. At King and Princess streets in Old Town Toronto, The Grainger and The Sanderson will each have their own unique personality and heritage charm. The Grainger is poised to appeal to down-sizers and young families, while young professionals will be drawn to the - [Walmart creating global tech hub in Toronto, part of $3.5-billion investment](https://www.torontocommercialproperties.ca/walmart-creating-global-tech-hub-in-toronto-part-of-3-5-billion-investment/) - Walmart Inc. is making Toronto one of a pair of new global tech hubs, with plans to hire hundreds of workers at the two sites. The retail giant says it chose Canada's largest city and Atlanta, Ga. as hubs because of their growing tech sector presence and their broad and diverse local talent pools. “We are excited to join the vibrant - [Application Submitted to City to Transform Scarborough Church Into Rental Apartments](https://www.torontocommercialproperties.ca/application-submitted-to-city-to-transform-scarborough-church-into-rental-apartments/) - United Property Resource Corporation is looking to redevelop a site that currently houses the Church of the Master located at 3379 through 3385 Lawrence Avenue East in Scarborough. The developer has recently submitted a Zoning By-law application to the City of Toronto, and is proposing to build a 10-storey rental apartment building with 112 residential units on the south side - [New Microsoft facility being proposed for Etobicoke](https://www.torontocommercialproperties.ca/new-microsoft-facility-being-proposed-for-etobicoke/) - An application has been submitted for Microsoft to build a new communications technological facility in the Toronto suburb of Etobicoke. WZMH Architects, the architect designing the facility, recently submitted an application to the City of Toronto’s planning department for Site Plan Control on behalf of 3288212 Nova Scotia Limited, referred to as Microsoft. The site, - [Greater Toronto Area Commercial Q4 2021 Statistics](https://www.torontocommercialproperties.ca/__greater_toronto_area_commercial/) - Source Altus Group. Click here. - [Geothermal Rental at 252 Parliament Applied by Core Development Group Approved by City](https://www.torontocommercialproperties.ca/geothermal-rental-at-252-parliament-applied-by-core-development-group-approved-by-city/) - The City of Toronto recently approved an application for the rezoning of 252 Parliament Street. Originally applied for in 2020 by Core Development Group, the Studio JCI-designed, 9-storey, mixed-use building was proposed to bring 71 rental units with 140m² of at-grade retail and office space to the property. A particularly enticing feature of the proposal is its geothermal heating and - [Vaughan Adds Its Voice To Those Calling For Ontario Land Tribunal To Be replaced](https://www.torontocommercialproperties.ca/vaughan-adds-its-voice-to-those-calling-for-ontario-land-tribunal-to-be-replaced/) - Vaughan joins dozens of Greater Toronto Area municipalities in wanting to reclaim their urban planning power as the province gradually trims municipal clout amid the affordable housing crisis and ahead of elections, a councillor said. On March 22, Vaughan councillors approved a resolution by Coun. Alan Shefman and Coun. Marilyn Iafrate calling on the province - [InterRent Acquired A Record Number Of Units, Rising Revenues In 2021](https://www.torontocommercialproperties.ca/interrent-acquired-a-record-number-of-units-rising-revenues-in-2021/) - InterRent Real Estate Investment Trust acquired a record number of units and saw both its occupancy rate and rents increase last year. The Ottawa-based REIT (IIP-UN-T) released its fourth-quarter and year-end results on March 8 and its top executives hosted a webcast presentation and conference call to discuss the performance and some of the trust’s business - [Developers Submit New Proposal For Site Where Toronto Had Planned Rail-Deck Park](https://www.torontocommercialproperties.ca/developers-submit-new-proposal-for-site-where-toronto-had-planned-rail-deck-park/) - Downtown Toronto’s rail-deck development is moving forward. This week, developers submitted a formal application to the City of Toronto to build 11 towers – with 5,750 homes, 11,000 square metres of retail space and a hotel – above the rail corridor. This would come instead of the proposed Rail Deck Park – but could provide - [Mixed-Use Change To Commercial Lands. Cambridge Councillor Behind Task Force's](https://www.torontocommercialproperties.ca/mixed-use-change-to-commercial-lands-cambridge-councillor-behind-task-forces/) - The provincial government has an answer to housing issues, including those in Cambridge, and it just needs to pull the trigger, according to Coun. Nicholas Ermeta. The Ward 8 representative pointed to the recent Ontario Housing Affordability Task Force report recommendation of permitting the “as of right” conversion of underutilized commercial properties to mixed use. - [The Rush Is On For Industrial Land, And Space, In SW Ontario](https://www.torontocommercialproperties.ca/the-rush-is-on-for-industrial-land-and-space-in-sw-ontario/) - Industrial land acquisitions and development continue at nearly breakneck speed in Southwestern Ontario as prices and rents keep rising and pushing investors farther west from the Greater Toronto Area (GTA). “Volumes are very, very high relative to historical numbers,” Joe Benninger, vice-president with CBRE’s Southern Ontario investment team, told RENX. “It’s extremely tight out there. In - [Core Development Group Proposes Rental at Queen East and Leslie](https://www.torontocommercialproperties.ca/core-development-group-proposes-rental-at-queen-east-and-leslie/) - A mid-rise, mixed-use, mostly residential rental building could replace vacant industrial buildings at 1233 Queen Street East and Leslie Street in the Toronto neighbourhood of Leslieville. Core Development Group has submitted OPA, ZBA and SPA applications to the City for a proposed development that knits into the largely low-scale residential built fabric of the area. The brick-clad - [Spillover Effect From Toronto Heats Up Industrial Land Demand In Waterloo Region](https://www.torontocommercialproperties.ca/spillover-effect-from-toronto-heats-up-industrial-land-demand-in-waterloo-region/) - This fall, Angstrom Engineering Inc., of Kitchener, Ont., will move into a 53,000-square-foot building in a new tech-oriented business park 10 kilometres away, ending a prolonged effort by the fast-growing company to buy industrial property. Rising demand and shrinking supply of serviced industrial land in the Waterloo Region (which includes Cambridge, Ont.) have tested companies - [Office Leasing Begins For Toronto’s Canary Landing](https://www.torontocommercialproperties.ca/office-leasing-begins-for-torontos-canary-landing/) - Avison Young has begun marketing six floors and 251,552 square feet of boutique office space as part of the Canary Landing mixed-use development at 125 Mill St. on the eastern edge of downtown Toronto. Canary Landing is being developed by Kilmer Group, Dream and Tricon Residential, with Dream acting as the office building’s property manager. “You’re putting a new office development in - [Live-Work Park Community Reimagines A Legacy Office Complex](https://www.torontocommercialproperties.ca/live-work-park-community-reimagines-a-legacy-office-complex/) - Despite becoming one of the most transportation-connected locations in Toronto, the northwest corner of Sheppard Avenue and Leslie Street has been an underutilized commercial zone of empty lots and aging commercial buildings. That’s about to change in grand style with the development of Central Park, a live-work community just north of the Leslie station on - [RioCan Plans Colossal Redev. At GTA’s Colossus Centre](https://www.torontocommercialproperties.ca/riocan-plans-colossal-redev-at-gtas-colossus-centre/) - RioCan REIT has ambitious long-term plans to redevelop its 61.7-acre Colossus Centre shopping centre in Vaughan with up to 25 towers and buildings comprising over 10 million square feet of housing and retail. Colossus Centre is located north of Toronto and surrounded by Highway 400 to the east, Highway 7 to the north, Weston Road to the west - [Influx Of New Space Pushes Canada’s Office Vacancy To 16.3%](https://www.torontocommercialproperties.ca/influx-of-new-space-pushes-canadas-office-vacancy-to-16-3/) - The national office vacancy rate in Canada has moved up slightly to 16.3 per cent in the first quarter of this year, but the main cause of that isn’t a lack of demand. According to a new report by commercial real estate firm CBRE, it’s the amount of new supply that has come onto the market - [Bluebird Self Storage Building, Buying To Expand Portfolio](https://www.torontocommercialproperties.ca/bluebird-self-storage-building-buying-to-expand-portfolio/) - Bluebird Self Storage is capitalizing on the growing consumer demand for storage space as it continues building and buying assets to expand its portfolio across Canada. Reade De Curtins, principal of the Toronto-headquartered company, said Bluebird currently has 28 locations. It plans to grow to 50 locations within 18 to 24 months as the firm builds - [3 Trends Driving Greater Resilience In Commercial Real Estate](https://www.torontocommercialproperties.ca/3-trends-driving-greater-resilience-in-commercial-real-estate/) - While commercial real estate companies are still dealing with the uncertainties driven by the pandemic, many have found new ways to complete projects and serve clients. Some segments of the industry have even thrived during the pandemic. This challenging new way of life prompted astute leaders to seize on opportunities. They accelerated the pace of digital innovation, - [Should Ontario Businesses Have Rent Control Protections?](https://www.torontocommercialproperties.ca/should-ontario-businesses-have-rent-control-protections/) - A recent study suggests small businesses in Ontario should have the benefit of rent control like residential tenants do, but the feasibility is questionable. Ahead of the June 2 provincial election, Better Way Alliance, a coalition of progressive entrepreneurs, released a study called Out of Control in which it lobbies Ontario’s Progressive Conservative government to institute rent control for small - [How To Know When It’s Time To Go From Coworking Space To An Office](https://www.torontocommercialproperties.ca/how-to-know-when-its-time-to-go-from-coworking-space-to-an-office/) - According to a Coworking Resources report, the number of coworking spaces worldwide is expected to more than double by 2024, surpassing 40,000. The report also indicates that nearly 5 million people will be working from coworking spaces by 2024, an increase of 158 percent compared with 2020. Coworking Insights found that startup teams make up 27 percent of - [Apartment Buildings: Value Not Immune To Interest-Rate Increases](https://www.torontocommercialproperties.ca/apartment-buildings-value-not-immune-to-interest-rate-increases/) - With governments “printing money” and inflation creeping into all aspects of our daily lives, it was only a matter of time before the federal government increased the interest rate to curb spending. However, a lot of people were surprised at just how quickly this happened. Let’s take a fictitious example of an apartment building a - [Liberty Buys $48M Vaughan Assembly For Redevelopment](https://www.torontocommercialproperties.ca/liberty-buys-48m-vaughan-assembly-for-redevelopment/) - Liberty Development Corporation has purchased a three-property assembly from three private owners in the rapidly growing Greater Toronto Area City of Vaughan for $48 million. Vanguard Realty Brokerage Corp. chief executive officer Paul Miceli brokered the deal for 171 Maplecrete Rd., 160 Doughton Rd. and 140 Doughton Rd., which are located south of Highway 7 and east - [How To Secure True Tenant Representation](https://www.torontocommercialproperties.ca/how-to-secure-true-tenant-representation/) - As the industrial real estate market continues to break records across Canada, manifesting in a historically low vacancy rate of below 2% across the country, it has never been more challenging for tenants to find space. This lack of available supply is impacting businesses and forcing them to make tough and quick decisions, otherwise they - [Brampton Boom: Development Spike Follows New Official Plan](https://www.torontocommercialproperties.ca/brampton-boom-development-spike-follows-new-official-plan/) - With plans in place to intensify parts of the city, and large parcels of land available in its eastern and western reaches, the Toronto-area City of Brampton has become a hotbed for development. That’s particularly true in the multiresidential sector, with the city showing increased openness for growth and attracting plenty of attention from builders. - [Amazon Plans 3 New Ontario Facilities, Opens Hamilton Centre](https://www.torontocommercialproperties.ca/amazon-plans-3-new-ontario-facilities-opens-hamilton-centre/) - Amazon Canada has officially opened its latest advanced robotics fulfillment centre, an 885,000-square-foot facility near the Hamilton airport, and also confirmed the development of three additional centres across Ontario. Amazon says the four facilities in its announcement Tuesday will combine to create over 4,500 operations jobs in 2022 and 2023. About 1,500 of those jobs will - [CF, SHAPE Plan 3 Res Towers Up To 58 Storeys At Fairview Mall](https://www.torontocommercialproperties.ca/cf-shape-plan-3-res-towers-up-to-58-storeys-at-fairview-mall/) - Cadillac Fairview and its joint venture partner SHAPE have submitted a rezoning submission to construct a new master-planned community at the CF Fairview Mall in Toronto, which would kick off with three residential towers up to 58 storeys tall. The partners say the first phase of the development plan for the property at Don Mills and Sheppard Avenue East would - [How Is The War In Ukraine Impacting Commercial Real Estate Investors?](https://www.torontocommercialproperties.ca/how-is-the-war-in-ukraine-impacting-commercial-real-estate-investors/) - The global commodity price surge that has followed Russia’s invasion of Ukraine is impacting Canada’s commercial real estate market – in both negative and positive ways, industry experts say. Canada’s inflation has risen to 6.7 per cent, a 31-year high, according to Statistics Canada. To rein in runaway price growth, the Bank of Canada raised the interest - [Dream Industrial Forms $1.5B Toronto, Golden Horseshoe JV](https://www.torontocommercialproperties.ca/dream-industrial-forms-1-5b-toronto-golden-horseshoe-jv/) - Dream Industrial Real Estate Investment Trust (DIR-UN-T) and Dream Unlimited Corp. (DRM-T) have formed a $1.5-billion develop-to-hold joint venture with a “leading global sovereign wealth fund” to buy development properties and build industrial facilities in the Greater Golden Horseshoe Area. The strategy is to acquire $500 million worth of development sites and then build what the Dream partners - [Toronto Data Centre Markets Grow, But Face Challenges](https://www.torontocommercialproperties.ca/toronto-montreal-data-centre-markets-grow-but-face-challenges/) - Data centres have become an increasingly important part of the Canadian commercial real estate market and the country’s economy, but the sector faces expansion challenges in the country’s largest markets. Toronto and Montreal are Canada’s two largest data centre markets and Cushman & Wakefield recently published updates on the growth and the current environment in both cities. - [Crestpoint Acquires Downtown Toronto 121 King W. Office Tower](https://www.torontocommercialproperties.ca/crestpoint-acquires-downtown-toronto-121-king-w-office-tower/) - Crestpoint Real Estate Investments Ltd. says it has topped the $2-billion mark in acquisitions over the past 12 months with the announcement it has bought the 25-storey 121 King St. W. office tower in Toronto’s financial district. Toronto-based Crestpoint says it made the investment in the property on behalf of its open-ended Crestpoint Core Plus - [Why Many of Canada’s Commercial Buildings are Set for a Green Retrofit](https://www.torontocommercialproperties.ca/why-many-of-canadas-commercial-buildings-are-set-for-a-green-retrofit/) - When it comes to energy efficiency, most commercial buildings in Canada’s largest cities are behind the curve. In fact, many of these structures in Vancouver and Toronto predate modern building codes. However, according to Mike Singleton, Executive Director of Sustainable Buildings Canada, gradual — and economic — retrofits can make a world of difference, as well - [Vendor Terminates Purchase Agreement, Must Pay $11M In Lost Profits](https://www.torontocommercialproperties.ca/vendor-terminates-purchase-agreement-must-pay-11m-in-lost-profits/) - When a seller refuses to complete a land purchase transaction, the consequences can be serious, especially if the buyer intends on developing the property. In my previous column on WED Investments Limited v. Showcase Woodycrest Inc., the implications of this situation were explained – namely, a land purchase transaction fell through and the seller was held - [Innovation With a View: Inside Microsoft’s New Canadian Headquarters](https://www.torontocommercialproperties.ca/innovation-with-a-view-inside-microsofts-new-canadian-headquarters/) - Microsoft opened the doors to its brand new Canadian headquarters today, a gargantuan 132,000-sq. ft facility located on floors 41-44 of the CIBC SQUARE building at 81 Bay Street. As one would expect from the home base of one of the globe’s largest tech leaders, this sparking office compound is outfitted with the latest in cutting-edge workplace - [Developing Workplaces Close To Condos, Residential Areas Prevents ‘Warehousing’ People](https://www.torontocommercialproperties.ca/developing-workplaces-close-to-condos-residential-areas-prevents-warehousing-people/) - Intensification is commonly associated with the building of housing at higher densities in neighbourhoods, but intensification of office, industrial and retail space is equally important to combat sprawl, developers say. “The key to intensification is to move from the single use for a property [such as a mall] toward integrated community building,” says Ken Greenberg, - [Q1 2022: Investor Demand Continues To Be Strong With Heightened Investor Scrutiny](https://www.torontocommercialproperties.ca/q1-2022-investor-demand-continues-to-be-strong-with-heightened-investor-scrutiny/) - The latest results from Altus Group’s Canadian Investment Trends Survey (ITS) for the four benchmark asset classes show that the Overall Capitalization Rates (OCR) dropped to 4.91% in Q1 2022 compared to the previous quarter which was at 4.94%, and from 5.08% in Q1 2021, with cap rates remaining mostly steady. With the Omicron Variant and a - [The City Of Toronto Has Received A Site Plan Approval (SPA) Application for Richview Square](https://www.torontocommercialproperties.ca/the-city-of-toronto-has-received-a-site-plan-approval-spa-application-for-richview-square/) - The submission has been a long time coming, as often happens in the development world. Back in April of 2018, a rezoning application was filed by Trinity Development and CreateTO to permit the redevelopment of the site located at the northwest corner of Wincott Drive and Eglinton Avenue West, between Kipling Avenue and Islington Avenue - [Brookfield Looks to Coordinate Hudson's Bay Centre Renos with Bloor-Yonge Station Improvements](https://www.torontocommercialproperties.ca/brookfield-looks-to-coordinate-hudsons-bay-centre-renos-with-bloor-yonge-station-improvements/) - Brookfield Property Partners has submitted a Site Plan Approval application to the City of Toronto for the proposed renovation and redesign of the retail podium of the Hudson’s Bay Centre complex at 2 Bloor Street East. The renovation of the retail podium would convert the current department store into integrated office and retail space in the Brookfield-owned podium - [Blackstone Keeps Focus On Canada: To Open Toronto Office](https://www.torontocommercialproperties.ca/blackstone-keeps-focus-on-canada-to-open-toronto-office/) - As Blackstone continues to increase its investments in Canada, the world’s largest real estate owner and operator has announced it will open an office in Toronto and appointed Janice Lin to head its real estate operations in the country. The New York-based global investor says its current portfolio in Canada comprises about $14 billion in assets (all - [The Well Is Taking Shape, And Leasing-Up Retail Tenants](https://www.torontocommercialproperties.ca/the-well-is-taking-shape-and-leasing-up-retail-tenants/) - Construction and leasing are both progressing well at The Well, a 7.8-acre mixed-use residential, office and retail site which is one of the most prominent ongoing developments in downtown Toronto. When completed next spring after a construction period that began in 2017, The Well will provide 1.5 million square feet of residential space with approximately 1,700 - [Vaughan Ind. Building Becomes Coveted Life Sciences Space](https://www.torontocommercialproperties.ca/vaughan-ind-building-becomes-coveted-life-sciences-space/) - Life sciences space is hard to come by in the Greater Toronto Area (GTA), but a newly renovated 25,000-square-foot building is now available to lease in Vaughan. The former manufacturing and warehousing building at 196 Citation Dr. is near the intersection of Langstaff Road and Dufferin Street, not far from major highways, the Toronto Transit Commission Vaughan - [Mississauga Mall For Sale In Emerging Development Corridor](https://www.torontocommercialproperties.ca/mississauga-mall-for-sale-in-emerging-development-corridor/) - A Mississauga property which has housed a community shopping centre for over a half century is for sale and could be destined to become the site of a multi-tower, mixed-use redevelopment. High Point Mall sits on a 4.41-acre property at 3415 and 3461 Dixie Rd. at the corner of Bloor Street. Institutional Property Advisors, a - [NWRE, First Gulf Plan More Industrial Condos In Ontario](https://www.torontocommercialproperties.ca/nwre-first-gulf-plan-more-industrial-condos-in-ontario/) - A partnership between Nicola Wealth Real Estate (NWRE) and First Gulf continues to acquire more Ontario industrial properties, the latest being a 13.4-acre site in Oakville, west of Toronto. The vacant and unimproved site at 574-576 Bronte Rd. — immediately south of Hwy. 403, on the west side of Bronte Road at the intersection with Speers Road — was - [MBA Reports Nearly 75 Percent Jump for Q1 2022 Commercial Borrowing](https://www.torontocommercialproperties.ca/mba-reports-nearly-75-percent-jump-for-q1-2022-commercial-borrowing/) - Commercial and multifamily mortgage loan originations increased 72% in the first quarter of 2022 compared to the same period last year, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. In line with seasonality trends, originations during the first three months of 2022 year were 39% lower than the fourth - [Malls Are Increasingly Becoming Mixed-Use Spaces](https://www.torontocommercialproperties.ca/malls-are-increasingly-becoming-mixed-use-spaces/) - Reports of a “retail apocalypse” don’t tell the whole story about what’s happening in Canadian shopping malls. The truth is more complex, with wins and losses leading to a revolution in retail. Malls were already feeling the pressure before the pandemic. Foot traffic among Canada’s top shopping complexes was down 22 per cent in 2019 - [The GTA’s Industrial Real Estate Sector, With A 0.9% Vacancy Rate, Is One Of The Tightest Markets In North America](https://www.torontocommercialproperties.ca/the-gtas-industrial-real-estate-sector-with-a-0-9-vacancy-rate-is-one-of-the-tightest-markets-in-north-america/) - Analysis from Avison Young notes the region’s vacancy rate has been sideways since the last quarter of 2021, but has declined rapidly over the short term, coming in at 7.1% as early as Q1-2010, signifying voracious appetite from industrial tenants. Logistics and distribution firms, in particular, have been the largest occupants of industrial spaces with at least - [RE/MAX Canada Says Demand For Industrial, Multi-Unit Residential And Farmland Was Unprecedented In The First Quarter Of 2022](https://www.torontocommercialproperties.ca/re-max-canada-says-demand-for-industrial-multi-unit-residential-and-farmland-was-unprecedented-in-the-first-quarter-of-2022/) - Stock markets might be tumbling and housing markets cooling, but this volatility is driving interest in Canadian commercial real estate as investors look for a hedge against inflation, a new report by a major broker says this morning. RE/MAX Canada says demand for industrial, multi-unit residential and farmland was unprecedented in the first quarter of - ['When All Of This Is Said And Done, 80 Per Cent Of Durham Region Remains Green' — Durham Council Approves Plan To Develop 9,300 Acres Of Farmland](https://www.torontocommercialproperties.ca/when-all-of-this-is-said-and-done-80-per-cent-of-durham-region-remains-green-durham-council-approves-plan-to-develop-9300-acres-of-farmland/) - After a decision by council that goes against expert advice, Durham Region will shift gears and plan to urbanize thousands more acres of farmland than what staff had recommended. "Despite warnings from Durham Region’s own staff and advisory committees, Regional Council has endorsed a developer-recommended growth scenario to urbanize more than 9,000 acres of farmland," - [Welland, Ont. Commits To Wood Construction In Drive For Sustainability](https://www.torontocommercialproperties.ca/welland-ont-commits-to-wood-construction-in-drive-for-sustainability/) - As part of its commitment to sustainability, the City of Welland, Ont. has embraced the use of timber in a big way in the construction of two emergency services buildings not normally associated with wood. The buildings are the Welland Fire and Emergency Services Headquarters and Fire Station # 2. “This was the time to - [AY CEO Talks Office, Retail, Stay-At-Home Economy At World Forum](https://www.torontocommercialproperties.ca/ay-ceo-talks-office-retail-stay-at-home-economy-at-world-forum/) - From the metaverse to office occupancy, bricks-and-mortar shopping to the dramatic rise in quasi-retail fulfillment centres, Avison Young chair and chief executive officer Mark Rose had a lot on his mind as he prepared for a presentation this week at the World Economic Forum in Switzerland. Rose was among a group of international experts who spoke about the rise of - [KingSett Capital Closes One of the Largest Industrial Deals Ever in the GTA](https://www.torontocommercialproperties.ca/kingsett-capital-closes-one-of-the-largest-industrial-deals-ever-in-the-gta/) - KingSett Capital has beat out some hefty competition to close one of the most significant real estate deals in the GTA in recent memory. KingSett has acquired 21 strategically located industrial properties from Sagitta Development & Management for $461M, which is believed to be the second largest deal in the local sector’s history. Seventeen of the - [London’s Iconic Cherryhill Village Sells For Record $571M](https://www.torontocommercialproperties.ca/londons-iconic-cherryhill-village-sells-for-record-571m/) - One of Canada’s most iconic apartment and mixed-use communities, the Cherryhill Village in London, Ont., has been sold in a record-setting $571-million transaction. Ottawa-based Minto, KingSett Capital and a private partner sold the community, which includes 12 concrete construction apartment towers, a shopping mall and office space, to Toronto’s Park Property Management. “Based on Altus Group sales records commencing in 1995, - [Retail Rental to Hit Pre-COVID Rates Within 2 Years](https://www.torontocommercialproperties.ca/retail-rental-to-hit-pre-covid-rates-within-2-years/) - A year after COVID-19 vaccines were rolled out, Toronto’s retail vacancy should continue tightening amid increasingly propitious market conditions this year, said a report from Jones Lang LaSalle (JLL). Developers are emphasizing essential-oriented retail properties now, as well, after retail demand plummeted in the wake of the pandemic two years ago, causing retailers to pause expansion plans. - [Sprawling Industrial Campus Coming to Brampton in Q1-2023](https://www.torontocommercialproperties.ca/sprawling-industrial-campus-coming-to-brampton-in-q1-2023/) - A sprawling, two-phase industrial condo development is coming to Brampton’s Highway 410 corridor, and given the scarcity of available space in the GTA, the site should be well coveted. Comprising approximately 750,000 sq. ft across five buildings — including 106,000 and 317,000 in the first two buildings of phase 1 — the Heart Lake Business Park will - [West Don Lands Sees A Unique 31-Storey Residential Proposal](https://www.torontocommercialproperties.ca/west-don-lands-sees-a-unique-31-storey-residential-proposal/) - The Canary District was initially the home of the Pan/Parapan Athletes’ Village of the PanAm Games that took place in Toronto in 2015, with a half dozen blocks developed with buildings that have since become condos, apartments, and a George Brown College campus. Since then, the more blocks have gradually been developed, or are under construction - [Lash Proposes 44 Storeys at Planned BRT Stop in Scarborough](https://www.torontocommercialproperties.ca/lash-proposes-44-storeys-at-planned-brt-stop-in-scarborough/) - On the southeast corner of Markham and Ellesmere roads in Scarborough, the site of 1151 Markham Road has recently seen a Zoning By-Law Amendment application submitted to the City of Toronto by the Lash Group Of Companies. Proposed by the developer is a 44-storey building designed by Turner Fleischer Architects that would be comprised of 440 residential units and 223m² of - [Choice Properties REIT Has Acquired A 75 Per Cent Interest In 154 Acres Of Development Land In East Gwillimbury](https://www.torontocommercialproperties.ca/choice-properties-reit-has-acquired-a-75-per-cent-interest-in-154-acres-of-development-land-in-east-gwillimbury/) - The property is located at the corner of Hwy. 404 and Green Lane East, giving it close access to the Greater Toronto Area’s network of major highways. Rice Group is the vendor and will also remain involved in the project. In Friday’s announcement, Choice Properties REIT said the initial investment in the development is about $170 - [Cadillac Fairview Teaming Up With Vancouver Real Estate Company on New Plan for Toronto Mall](https://www.torontocommercialproperties.ca/cadillac-fairview-teaming-up-with-vancouver-real-estate-company-on-new-plan-for-toronto-mall/) - The real estate arm of one of Ontario's largest pension funds has unveiled plans to transform one of Toronto's most notable suburban malls, creating a plan for an initial 1.1 million-square-foot mixed-use development at CF Fairview Mall. Opened in 1970, Fairview Mall at 1800 Sheppard Ave. E, with almost 900,000 square feet, was Canada's first two-storey mall. - [Dream Industrial Buys Cambridge Site Home to Amazon Delivery Station in $31.8 Million Deal](https://www.torontocommercialproperties.ca/dream-industrial-buys-cambridge-site-home-to-amazon-delivery-station-in-31-8-million-deal/) - Two of Canada's largest industrial real estate players are swapping a 136,000-square-foot property about 100 kilometres southwest of Toronto that is leased to Amazon. Dream Industrial Real Estate Investment Trust paid $31.8 million at the end of April for the facility at 125 Maple Grove Road in Cambridge that houses an Amazon delivery station, according to property - [Slate plans up to 12M sq. ft. of industrial on Hamilton Stelco land](https://www.torontocommercialproperties.ca/slate-plans-up-to-12m-sq-ft-of-industrial-on-hamilton-stelco-land/) - Slate Asset Management has closed on the $518-million acquisition of approximately 800 acres of industrial development land and buildings from Stelco Inc. in Hamilton. The firm said it plans to develop up to 12 million square feet of new industrial on the lands, which is already zoned for a wide range of uses. The industrial park could - [RioCan Looks to Rising Rents as Interest Rates Climb](https://www.torontocommercialproperties.ca/riocan-looks-to-rising-rents-as-interest-rates-climb/) - One of Canada's oldest real estate investment trusts says today's borrowing rates are beyond any internal forecast by executives, but RioCan believes rental increases will mitigate the damage from a rising interest rate environment. "With the reopening of the nation, Canadians look forward to putting the pandemic well behind us. However, we're now facing different - [Nation's Biggest Pension Fund Records a 10.2% Annual Gain on Real Estate](https://www.torontocommercialproperties.ca/nations-biggest-pension-fund-records-a-10-2-annual-gain-on-real-estate/) - Canada's largest pension plan said its real estate holdings climbed to $49 billion at the end of its fiscal year, 9% of the total $539 billion held by the Canada Pension Plan Investment Board. The pension fund said the one-year return for real estate for the period ended March 31 was 10.2%, up from a - [Montez Buys Waterloo’s Factory Square Complex for $122.8M](https://www.torontocommercialproperties.ca/montez-buys-waterloos-factory-square-complex-for-122-8m/) - Montez Corporation has acquired the 526,235-square-foot Factory Square office complex in Waterloo, Ont. for $122.8 million as part of its strategy to focus on technology hubs. CanFirst Capital Management, on behalf of CanFirst Industrial Realty Fund V and CanFirst Industrial Realty Fund VI, sold the buildings at 440, 451 and 455 Phillip St. The total site size is - [HAVEN, Windsor break ground at Aurora Mills biz park](https://www.torontocommercialproperties.ca/haven-windsor-break-ground-at-aurora-mills-biz-park/) - HAVEN Developments and Windsor Private Capital have broken ground on Aurora Mills Business Park, which will offer more than 392,000 square feet of industrial condominium units for sale over seven buildings. Aurora Mills Business Park is on 25 acres at the northeast corner of St John’s Sideroad and Leslie Street in Aurora, Ont., just north of Toronto. Its buildings - [Automotive Properties Locking Down Debt To Deal With Rising Rates](https://www.torontocommercialproperties.ca/automotive-properties-locking-down-debt-to-deal-with-rising-rates/) - Slowing automobile sales are not expected to affect Canada's largest publicly traded automotive real estate investment trust, according to management. DesRosiers Automotive Consultants Inc. has reported new light vehicle sales were down 12.7% in the first quarter of this year compared to a year earlier due to supply chain constraints. The decline comes after Statistics - [Developers Move Forward With Speculative Industrial Project in GTA as Vacancy Rate Dips Below 1%](https://www.torontocommercialproperties.ca/developers-move-forward-with-speculative-industrial-project-in-gta-as-vacancy-rate-dips-below-1/) - Almost 50 kilometres northwest of Toronto, developers broke ground this month on the first phase of what is expected to be five industrial buildings on a speculative basis, meaning without any tenants signed on, but renting the space is not expected to be an issue. Fiera Real Estate and Berkshire Axis Development are building the - [The Core is Calling Companies Back As Downtown Toronto Reawakens](https://www.torontocommercialproperties.ca/the-core-is-calling-companies-back-as-downtown-toronto-reawakens/) - Cities have always attracted the best and brightest — that’s how they became centres of technology, finance, arts, and culture. When brilliant minds bump into each other, it’s a particle accelerator of innovation. But something is lost if everyone is Zooming through the day, working from bedrooms and basements. The pandemic threatened the greatness of - [Berkshire, Fiera JV to Build GTA’s Heart Lake Business Park](https://www.torontocommercialproperties.ca/berkshire-fiera-jv-to-build-gtas-heart-lake-business-park/) - Berkshire Axis Development and Fiera Real Estate have broken ground on the 750,000-square-foot Heart Lake Business Park in Brampton, just north of Toronto. The project is site-plan approved, with building permits in hand for four buildings so far, and all of the major structural construction materials have been secured. A five-building speculative industrial development will be built in phases and - [Commercial landlords invest in quality to keep older buildings competitive](https://www.torontocommercialproperties.ca/commercial-landlords-invest-in-quality-to-keep-older-buildings-competitive/) - A cluster of office towers along Jasper Avenue was the commercial heart of Edmonton for a quarter of a century. But things have changed recently as new office towers are sprouting around Rogers Place, a few blocks to the north. When major tenants moved to the newer buildings offering more amenities, some older Class A - [Canada Goose Flocks to Toronto Downtown Core for New Office Lease](https://www.torontocommercialproperties.ca/canada-goose-flocks-to-toronto-downtown-core-for-new-office-lease/) - Canada Goose is flocking to a new headquarters on the Toronto waterfront with one of the largest office leases of the quarter. The retailer known for its parkas that can withstand even the most extreme cold has leased 115,000 square feet over four floors at Menkes Developments' 100 Queens Quay East site in Toronto. The lease signals - [Solmar Sells GTA Industrial Land to Prologis in $500M Deal](https://www.torontocommercialproperties.ca/solmar-sells-gta-industrial-land-to-prologis-in-500m-deal/) - A 198-acre tract of industrial development land in a prime logistics node in the Greater Toronto Area Town of Caledon has been sold in a near-$500-million transaction by Solmar Development Corp. to Prologis. The property consists of two parcels, each almost 100 acres, at 12713 and 12519 Humber Station Rd., between Healy and Mayfield streets. It’s located - [Co-Working Space ‘Industrious’ Opening First Canadian Location in Toronto](https://www.torontocommercialproperties.ca/co-working-space-industrious-opening-first-canadian-location-in-toronto/) - American co-working space and private office provider Industrious officially announced its Canadian expansion on Tuesday, with plans to open its first flexible workspace north of the border in Toronto. “This new location allows us to plant our first flag in Toronto, one of the top performing office markets in all of North America, and a market our - [A Look Inside Amazon’s New Downtown Toronto Office](https://www.torontocommercialproperties.ca/a-look-inside-amazons-new-downtown-toronto-office/) - As employees continue their return to in-person working, Amazon is laying down even more roots in Toronto with a brand new downtown office space. The company’s newest workspace, dubbed YYZ18, is now their third Tech Hub office in Toronto. Located across eight floors inside 18 York Street, the new office takes up an impressive 130,000 sq. - [The Construction Of Office Space Is Declining In Canada Amidst Runaway Inflation Increasing Construction Cost](https://www.torontocommercialproperties.ca/the-construction-of-office-space-is-declining-in-canada-amidst-runaway-inflation-increasing-construction-cost/) - A new report from Colliers Canada has found that although the number of under-construction offices is still very robust, with more than 15.7M sq. ft being built, that number is down from its earlier peak. The office space that is going up is largely concentrated in downtown Toronto and Vancouver, Colliers notes. And there’s plenty of interest - [Predicting Market Cycles: How to be less wrong. Commercial Real Estate (CRE) Adds To Production On The Supply Side Of The Economy.](https://www.torontocommercialproperties.ca/predicting-market-cycles-commercial-real-estate-cre-adds-to-production-on-the-supply-side-of-the-economy/) - In 2008, it took two months from the crash for countries to begin printing money. In 2020, it took just two weeks. We heard “inflation is not a problem”, then we heard “it is transitory” and yet . . . here we are today. Predicting market cycles is nearly impossible. But history rhymes and cycles - [Canadian Industrial To Continue Delivering Historic Returns](https://www.torontocommercialproperties.ca/predicting-market-cycles-commercial-real-estate-cre-adds-to-production-on-the-supply-side-of-the-economy-2/) - Canada’s industrial real estate market was performing well for owners and managers before COVID-19 hit, and it’s been cranked up to another level since the onset of the pandemic. Panattoni Development Companyresearch manager for strategy and market intelligence John Scioli moderated a four-person panel on how the industrial market has outperformed all other sectors and - [The Well, One Of Toronto’s Largest Ongoing Downtown Developments, Has Now Leased 98 Per Cent Of Its 1.17 Million Square Feet Of Office Space, Its Developers Say.](https://www.torontocommercialproperties.ca/the-well-one-of-torontos-largest-ongoing-downtown-developments-has-now-leased-98-per-cent-of-its-1-17-million-square-feet-of-office-space-its-developers-say/) - Allied Properties REIT (AP-UN-T) and RioCan REIT (REI-UN-T), which each own a 50 per cent stake in the commercial component of The Well, reported Wednesday they have signed an unnamed “leading technology organization” to a 89,964-square-foot lease for a term of 12 years. The lease is to commence Nov. 1, 2023, and leaves one floor (29,886 square - [PROREIT, Crestpoint Form $455M Industrial JV](https://www.torontocommercialproperties.ca/proreit-crestpoint-form-455m-industrial-jv/) - PROREIT (PRV-UN-T) and Crestpoint Real Estate Investments Ltd. have created a joint venture involving $455 million of mainly industrial properties, including a $228-million portfolio which they are acquiring in the Halifax Burnside Industrial Park. On closing of the transactions, Montreal-based PROREIT and Toronto-headquartered Crestpoint will jointly own a portfolio of 42 properties, 41 in Halifax and one in - [Can Residential And Industrial Land Uses Co-exist?](https://www.torontocommercialproperties.ca/can-residential-and-industrial-land-uses-co-exist/) - The Greater Toronto and Hamilton Area’s (GTHA) residential construction boom is increasingly pushing into historic industrial and employment lands, and a recent online Urban Land Institute Toronto panel looked at some of the issues and strategies which have arisen from the situation. Stikeman Elliott partner Calvin Lantz provided an overview to kick off the event and observed that - [Dealpath Opens T.O. Office To Expand Canadian Client Base](https://www.torontocommercialproperties.ca/dealpath-opens-t-o-office-to-expand-canadian-client-base/) - Dealpath, a cloud-based real estate investment management platform, has added a Toronto office to its existing dual headquarters in New York City and San Francisco. “We are building out this command centre that provides centralized data that’s globally accessible and high-performing,” Dealpath co-founder and chief executive officer Mike Sroka told RENX. “We provide flexible workflows - [Concert’s CREC Fund Buys Another Mississauga Office Bldg.](https://www.torontocommercialproperties.ca/concerts-crec-fund-buys-another-mississauga-office-bldg/) - Concert’s CREC Commercial Fund LP has acquired a second boutique-type office property in a Greater Toronto Area west submarket in Mississauga. The fund now owns the 99,828-square-foot, four-storey 6750 Century Ave. property in Meadowvale. The class-A building was constructed in 2009 and was acquired from Artis REIT, which has been undergoing a major strategic and portfolio reorganization - [Proposal For 1315 Finch Reconfigured And Resubmitted To The City](https://www.torontocommercialproperties.ca/proposal-for-1315-finch-reconfigured-and-resubmitted-to-the-city/) - A resubmission has been made to the City of Toronto by CTN Developments for the property located at 1315 Finch Avenue West, just east of Keele Street. The developer previously submitted rezoning and subdivision approval applications in February of 2020 to construct a mixed-use development that would bring four towers to the site, which is currently occupied by a - [Downtown Toronto Foot Traffic Has Surged By 62% Since March](https://www.torontocommercialproperties.ca/downtown-toronto-foot-traffic-has-surged-by-62-since-march/) - Toronto is back in business. As a loud and clear sign of the pandemic recovery times, downtown Toronto’s foot traffic has surged by 62% since March. Global commercial real estate advisor Avison Young has released its latest Toronto office market report, which reveals a re-emergence of life and activity to Toronto’s streets. Avison Young’s Vitality Index tracks foot traffic using cell - [Fengate acquires Toronto Adelaide St. high-rise dev. site](https://www.torontocommercialproperties.ca/fengate-acquires-toronto-adelaide-st-high-rise-dev-site/) - A Toronto high-rise development property at the intersection of Adelaide Street West and Charlotte Street has been acquired by Fengate Asset Management following a receivership sale. Fengate announced the acquisition of 46 Charlotte St., 16 Oxley St., and 355 Adelaide St. W. on Tuesday morning. The 13,725-square-foot property in the Entertainment District currently contains a heritage-listed six-storey - [It’s Now Tougher to Find Office Space in the Suburbs Than Downtown: Report](https://www.torontocommercialproperties.ca/its-now-tougher-to-find-office-space-in-the-suburbs-than-downtown-report/) - For the first time in history — and in a clear sign the in-person workspace is here to stay — vacancies for suburban commercial office space continue to be tighter than their downtown counterparts. This past quarter marks the second consecutive period where vacancy remained lower in markets outside of city cores at 90 basis - [Commercial real estate investment in Canada is experiencing a major resurgence in confidence: Altus Group report](https://www.torontocommercialproperties.ca/commercial-real-estate-investment-in-canada-is-experiencing-a-major-resurgence-in-confidence-altus-group-report/) - Commercial real estate investment in Canada is experiencing a major resurgence in confidence, with an Altus Group report chronicling $23.8 billion in Q1 transaction activity. The real estate analytics and research company said that figure, transacted across all major asset classes in Canada during Q1 2022, is a 52 per cent hike from Q1 2021. Deal volume - [Capital Developments Proposes 75-Storey Tower at Yonge and Gerrard](https://www.torontocommercialproperties.ca/capital-developments-proposes-75-storey-tower-at-yonge-and-gerrard/) - Zoning By-law and Site Plan Amendment applications have been submitted to the City of Toronto by Capital Developments, which is proposing to construct a 75-storey condominium and retail tower at 399-405 Yonge Street, located on the northeast corner with Gerrard Street in the city's Downtown. The proposed tower, designed by Teeple Architects, would join the existing - [The Greater Toronto Area Created The Most Tech Employment Growth On The Continent In The Past Five Years: Report](https://www.torontocommercialproperties.ca/the-greater-toronto-area-created-the-most-tech-employment-growth-on-the-continent-in-the-past-five-years-report/) - Canada’s three largest cities all improved their rankings in CBRE’s Scoring Tech Talent 2022 report of North American cities, including Toronto which is now No. 3 on the list. The Greater Toronto Area created the most tech employment growth on the continent in the past five years, the report states. The commercial real estate firm’s report said Toronto - [The Pitfalls Of Verbal Commercial Real Estate Negotiations](https://www.torontocommercialproperties.ca/the-pitfalls-of-verbal-commercial-real-estate-negotiations/) - There are limited occasions where it can be an acceptable strategy, when it has become necessary to finish a deal. But often it is not a viable solution; often it can result in causing hard feelings between parties to the negotiation and, at worst, blowing up the deal entirely. Typically I’d categorize a verbal offer as - [Ahmed Group Sees Opportunity In Mississauga, Plans Dundas Towers](https://www.torontocommercialproperties.ca/ahmed-group-sees-opportunity-in-mississauga-plans-dundas-towers/) - Ahmed Group of Companies, a family-owned real estate investment firm, has launched its latest proposal for a purpose-built rental development in Mississauga as the company continues to expand its reach in the multiresidential market. President and CEO Moe Ahmed told RENX there will be more to come. The proposed development at 1000 and 1024 Dundas - [Choice Properties Income Up, But Takes Q2 Loss As Fair Value Dips](https://www.torontocommercialproperties.ca/choice-properties-income-up-but-takes-q2-loss-as-fair-value-dips/) - Choice Properties REIT reported an $11.8-million net loss in Q2 2022, but some positives were also revealed in the July 22 earnings conference call covering the three months ended June 30. Choice (CHP-UN-T) reported six-month net income of $375.2 million, compared to $22.4 million for the same period a year earlier. Net operating income (NOI) increased - [In Vaughan Metropolitan Centre (VMC), the Final Structure Atop the High-Rise Portion of Menkes Developments and QuadReal Property Group's Mobilio Was Recently Completed](https://www.torontocommercialproperties.ca/in-vaughan-metropolitan-centre-vmc-the-final-structure-atop-the-high-rise-portion-of-menkes-developments-and-quadreal-property-groups-mobilio-was-recently-completed/) - As the last of the concrete was poured for the 13-storey south tower, employees and trades gathered in the retail space on the ground floor of the 18-storey east tower, for a “topping off” celebration. The project first broke ground in June of 2020. Now, the three Turner Fleischer Architects-designed condominium buildings have all officially - [GTA Industrial Market Vacancy Remained At Record Low In Q2](https://www.torontocommercialproperties.ca/gta-industrial-market-vacancy-remained-at-record-low-in-q2/) - Would-be commercial tenants in need of industrial space have had a tough time finding it in the Greater Toronto Area — and there’s no relief in the immediate term as the latest vacancy numbers reveal the region is among the tightest markets in North America. The second-quarter Industrial Market Report from Avison Young reports an availability rate - [Soneil Buys Mississauga Ind. Portfolio, Office Bldg. For $86M](https://www.torontocommercialproperties.ca/soneil-buys-mississauga-ind-portfolio-office-bldg-for-86m/) - Soneil Investments has closed on two recent acquisitions in Mississauga, a five-property industrial portfolio on nine acres of land at the Dixie and Eglinton intersection, as well as a 150,000-square-foot office complex in the Meadowvale neighbourhood. The transactions represent an $86 million investment – $46 million for the industrial assets and $40 million for the class-A - [214 Carson Co. Builds Ontario Industrial Development Niche](https://www.torontocommercialproperties.ca/214-carson-co-builds-ontario-industrial-development-niche/) - Kris Carson’s entrepreneurialism has served him well over the years and he’s found another successful business with 214 Carson Co., which focuses on mid-sized industrial developments in Southwestern Ontario. Carson has bought and sold a variety of businesses, and he made a handsome profit from buying BGI Retail in 2008 and selling it last year, after impressive growth, - [Lease Expiries Creep Up Much Faster Than Most Tenants Expect.](https://www.torontocommercialproperties.ca/lease-expiries-creep-up-much-faster-than-most-tenants-expect/) - Lease expiries creep up much faster than most tenants expect. Committing to a five-year term can seem like a lifetime for a business, but that deadline moves up in the blink of an eye. For a tenant considering renewing or triggering an option to renew, taking care of this impending task is best handled early. - [Canadian Grocery Retail Head Touts Low Rents Driving Portfolio Valuation](https://www.torontocommercialproperties.ca/canadian-grocery-retail-head-touts-low-rents-driving-portfolio-valuation/) - Cap Rates 'Somewhat Useless' To Describe US Portfolio, Says Slate Grocery REIT CEO The Canadian head of a real estate investment trust focused on U.S. grocery-anchored malls believes it is time to forget traditional capitalization rates or valuations when it comes to his properties. Blair Welch, chief executive of Toronto-based Slate Grocery REIT, which owns - [Soneil Investments Bucks Fears of Inflation and Buys Properties in Greater Toronto Area](https://www.torontocommercialproperties.ca/soneil-investments-bucks-fears-of-inflation-and-buys-properties-in-greater-toronto-area/) - Investment Company Targets 'Large Pieces of Land in Great Locations,' Founder Says Present market conditions aren't scaring Soneil Investments off from acquisitions as the Toronto-based company pulls the trigger on $86 million in deals the founder hopes will one day benefit his heirs. Privately held Soneil Investments paid $46 million for a Mississauga industrial portfolio - [Toronto Landlord Cancels Dividend Reinvestment Plan as Unit Price Dips Below Net Asset Value](https://www.torontocommercialproperties.ca/summit-industrial-ceo-explains-why-the-reit-doesnt-want-cash-from-unitholders/) - Toronto Landlord Cancels Dividend Reinvestment Plan as Unit Price Dips Below Net Asset Value One of Canada's largest real estate investment trusts is canceling its dividend reinvestment plan because its unit price is too low and it's become difficult for Summit Industrial to find accretive deals. Toronto-based Summit suspended its dividend reinvestment plan on Friday - [Invesque Sells Canadian Medical Office Portfolio To Focus on Private Senior Housing Assets](https://www.torontocommercialproperties.ca/invesque-sells-canadian-medical-office-portfolio-to-focus-on-private-senior-housing-assets/) - Appelt Buys Nine-Building Portfolio That Is 70% Leased Property owner Invesque, which is based in the United States but trades on the Toronto Stock Exchange, is selling more of its non-core assets, including its nine medical office buildings in Canada for 94.3 million Canadian dollars to Appelt Properties, as it focuses on private senior housing - [One of Canada's Largest REITs Pauses Spending, Suspends Talks to Buy CBC's Headquarters](https://www.torontocommercialproperties.ca/one-of-canadas-largest-reits-pauses-spending-suspends-talks-to-buy-cbcs-headquarters/) - Toronto-Based Allied Properties Plans to Focus on Its Existing Operations One of Canada's largest real estate investment trusts is hitting the pause button on acquisitions in a decision that extends to Allied Properties' interest in CBC's headquarters in downtown Toronto. Michael Emory, chief executive of Toronto-based Allied, said rising interest rates and inflation have created - [Office Vacancy Has Increased Across All Office Markets In Toronto, But The Financial District And Downtown West Markets Fared The Worst.](https://www.torontocommercialproperties.ca/office-vacancy-has-increased-across-all-office-markets-in-toronto-but-the-financial-district-and-downtown-west-markets-fared-the-worst/) - South Core Becomes Leading Office Node Office vacancy has increased across all office markets in Toronto, but the Financial District and Downtown West markets fared the worst. Toronto’s downtown office market is the largest and most important in Canada —and also one of the hardest hit by the pandemic. However, far from a situation of hollowing out, the pandemic - [GTA Commercial Real Estate Investment Remains Strong in Q2](https://www.torontocommercialproperties.ca/gta-commercial-real-estate-investment-remains-strong-in-q2/) - Commercial real estate investment in the Greater Toronto Area (GTA) saw another strong quarter, continuing the high-performing streak that began in the second half of last year. According to Avison Young’s most recent Commercial Real Estate Investment Review, buyers’ willingness to invest in capital during the second quarter of the year “is a testament to their - [Major Lease In Hand, Granite Kicks Off Brantford Biz Park](https://www.torontocommercialproperties.ca/major-lease-in-hand-granite-kicks-off-brantford-biz-park/) - The first major tenant, global chocolate maker Barry Callebaut, has committed to the Granite Telephone City Logistics Centre which is now under development in Brantford. Granite REIT’s (GRT-UN-T) 1.7-million-square-foot business park, located an hour’s drive west of Toronto, used the resources of JLL to pre-lease a 409,000-square-foot building to Barry Callebaut that will become a specialty chocolate production facility. - [63-Storey Tower Proposed Atop Brutalist Mid-Rise on Bloor East](https://www.torontocommercialproperties.ca/63-storey-tower-proposed-atop-brutalist-mid-rise-on-bloor-east/) - Osmington Gerofsky Development Corporation have submitted Official Plan Amendment and Zoning By-law Amendment applications to the City of Toronto to build a tower that would rise to 63 storeys and 209 metres atop a 6-storey Brutalist building on the northeast corner of Bloor Street East and Mount Pleasant Road. Designed by Hariri Pontarini Architects, precast cladding is - [UrbanToronto Pro's June Report Shows More Office Less Space](https://www.torontocommercialproperties.ca/urbantoronto-pros-june-report-shows-more-office-less-space/) - As inflation roared and interest rates climbed in June, many property owners were under stress. Applications for new developments, however, remained strong. As the number of home sales tumbled in June, due to the rising costs of both inflation and interest rates, it was possible that developers would want to sit back on their proposals - [Toronto Bylaw Changes Could Permit Businesses to Open in Areas Currently Zoned for Residential Use](https://www.torontocommercialproperties.ca/toronto-bylaw-changes-could-permit-businesses-to-open-in-areas-currently-zoned-for-residential-use/) - Toronto city council is adopting new amendments that will open the door to retail and service outlets flourishing in areas previously zoned residential. A July 21 press release announced the acceptance of key motions that Michael Noble, project manager, City Planning with the City, said in an email would allow Toronto residents to more easily - [Work-From-Home Trend Could Result in $500 Billion of Lost Value in Office Real Estate](https://www.torontocommercialproperties.ca/work-from-home-trend-could-result-in-500-billion-of-lost-value-in-office-real-estate/) - Researchers from the NYU Stern School of Business and the Columbia University Graduate School of Business say the work-from-home movement will result in $500 billion of lost value in office real estate. In a recent study, the researchers found a 32% decline in office values in 2020 and predict a 28% fall “in the longer-run.” - [Industrial Sector Helps Drive Total Returns of 8.5% for Canadian Institutions](https://www.torontocommercialproperties.ca/industrial-sector-helps-drive-total-returns-of-8-5-for-canadian-institutions/) - Closely Watched Property Index Shows Canadian Real Estate Results Canadian real estate investments had a total return of 8.48% over the past 12 months, led by the industrial sector. The MSCI-RealPAC annual Canada property index, which measures existing investments of 47 institutional portfolios that make up about 40% of the real estate market in Canada, - [Construction Supplier Signs Full-Building Distribution Centre Lease in Caledon](https://www.torontocommercialproperties.ca/construction-supplier-signs-full-building-distribution-centre-lease-in-caledon/) - Lindstrom Fastener Expanding to 410 Gateway Business Park A master distributor and manufacturer of specialty construction fasteners is expanding its Canadian distribution centre after leasing a new building nearing completion in the 410 Gateway Business Park at 34 Speirs Giffen Ave. in Caledon. Lindstrom Fastener (Canada) Ltd., which also operates in several U.S. states, leased the entire - [Famous Canadian Discount Retailer With Leases Once Sold to Target Corp. To Open Stores Next Year](https://www.torontocommercialproperties.ca/famous-canadian-discount-retailer-with-leases-once-sold-to-target-corp-to-open-stores-next-year/) - Zellers, the discount Canadian retail chain that once had 220 leases acquired by Target Corp. as part of the U.S. company's failed Canadian expansion, is being resurrected by HBC. HBC, the parent company that counts The Bay and Saks Fifth Avenue among its holdings, said shoppers will have something to "zelebrate" by early 2023 when - [Tenant Demand Is 141 Times More Than What Is Available in the Toronto-Hamilton Area](https://www.torontocommercialproperties.ca/tenant-demand-is-141-times-more-than-what-is-available-in-the-toronto-hamilton-area/) - There is virtually no lab space available in the Greater Toronto and Hamilton Area, according to a new report that suggests tenant demand is 141 times higher than what's available on the market. Real estate company CBRE said in its inaugural lab report on Canada's largest market that "ballooning demand" for space is attracting growing - [Canadian Net REIT Has Completed All 2022 Leasing Renewals, With No Tenant Turnover, At Rent Hikes Ranging From Five To 25 Per Cent.](https://www.torontocommercialproperties.ca/canadian-net-reit-has-completed-all-2022-leasing-renewals-with-no-tenant-turnover-at-rent-hikes-ranging-from-five-to-25-per-cent/) - Canadian Net Real Estate Investment Trust reported year-over-year gains in funds from operations (FFO), FFO per unit and net operating income (NOI) in its second quarter ended June 30. Quarterly FFO jumped 27 per cent to $3.29 million from a year earlier, while FFO per unit rose by seven per cent to 16 cents per unit. - [It’s Slowing Down The Demand For B- and C-Class Product and Increasing The Demand For A- and AAA-Class Product](https://www.torontocommercialproperties.ca/its-slowing-down-the-demand-for-b-and-c-class-product-and-increasing-the-demand-for-a-and-aaa-class-product/) - Canadian class-AAA office product is doing well, industrial remains hot and retail has rebounded, according to JLL Canada chief executive officer Alan MacKenzie and a new national outlook report. The national office vacancy rate rose 40 basis points to 14.7 per cent in the second quarter, but MacKenzie told RENX that’s comparatively low from a global perspective. Vancouver’s - [28 Storeys Planned on Spadina North of Wellington](https://www.torontocommercialproperties.ca/28-storeys-planned-on-spadina-north-of-wellington/) - Official Plan Amendment, Zoning By-law Amendment, and Site Plan Approval applications submitted to the City by Bousfields Inc.will facilitate the redevelopment of two late 19th / early 20th Century warehouse buildings at 40 through 62 Spadina Avenue and 378 Wellington Street West in Downtown Toronto. The 28-storey mixed-use condominium proposal is designed by Wallman Architects with ERA Architects handling heritage - [Golfour Proposes High Density Near Finch Station](https://www.torontocommercialproperties.ca/golfour-proposes-high-density-near-finch-station/) - The MBTW Group have recently submitted Official Plan Amendment, Zoning By-law Amendment and Site Plan Approval applications to the City of Toronto for a 25- and 35-storey pair of mixed-use condominium towers at 5576 Yonge Street. Designed by Graziani + Corazza Architects on behalf of developers Golfour Property Services Inc, the development is located on the northwest corner of Yonge and - [Land Prices for High Density GTA Properties Drops in Q2](https://www.torontocommercialproperties.ca/land-prices-for-high-density-gta-properties-drops-in-q2/) - The latest stats are in for high density land prices in the Greater Toronto Area (GTA). Real estate advisory firm Bullpen Research and Consulting Inc. and land use planning and project management firm Batory Management have teamed up to review and provide projections on GTA high-density land sales on a quarterly basis. In general — not unlike the single-family - [“The Office is Not Dead”: How the Pandemic Forced an Evolution of Workspace](https://www.torontocommercialproperties.ca/the-office-is-not-dead-how-the-pandemic-forced-an-evolution-of-workspace/) - At the height of the pandemic, strolling through Toronto’s Financial District made for an eerie experience; taking in the silent intersections and shuttered businesses of the underground PATH hit home just how much COVID had impacted the workforce, and our lives. However, while work-from-home mandates led to an initial hollowing out of downtown cores and - [Despite an Unprecedented Amount of Ongoing Industrial Facility Development, Continued Strong Demand has Kept Vacancy Rates Across Canada Below Two per Cent.](https://www.torontocommercialproperties.ca/despite-an-unprecedented-amount-of-ongoing-industrial-facility-development-continued-strong-demand-has-kept-vacancy-rates-across-canada-below-two-per-cent/) - A session at Sept. 8’s RealREITconference at the Metro Toronto Convention Centre, moderated by RBC Capital Markets Real Estate Group managing director David Tweedie, featured four executives discussing how recent events have impacted the asset class and their expectations for the future. Tweedie opened the session with a presentation outlining the state of the market. “From a fundamentals perspective, - [CentreCourt and Spotlight Propose 60 Storeys at Church and Queen](https://www.torontocommercialproperties.ca/centrecourt-and-spotlight-propose-60-storeys-at-church-and-queen/) - CentreCourt and Spotlight Development are jointly seeking to redevelop a plot in the Old Town area of Downtown Toronto at 85 through 89 Queen Street East and 119 through 127 Church Street (known as the longtime flagship store for Canadian camera chain Henry's). Zoning By-law Amendment and Site Plan Approval applications submitted by Bousfields Inc for a 60-storey, mixed-use - [CRE Measures Up as Canadian Economic Driver](https://www.torontocommercialproperties.ca/cre-measures-up-as-canadian-economic-driver/) - Commercial real estate (CRE) is a Canadian economic driver on par with the oil and gas industry, economic analysts conclude. A new report, commissioned by the NAIOP Research Foundation, estimates CRE made a $148.4 billion total contribution to Canada’s gross domestic product (GDP) last year when factoring its direct, indirect and induced impacts, beginning with $78.2 billion - [REITs Still Upbeat on Canada’s Industrial Real Estate Sector](https://www.torontocommercialproperties.ca/reits-still-upbeat-on-canadas-industrial-real-estate-sector/) - Despite an unprecedented amount of ongoing industrial facility development, continued strong demand has kept vacancy rates across Canada below two per cent. A session at Sept. 8’s RealREITconference at the Metro Toronto Convention Centre, moderated by RBC Capital Markets Real Estate Group managing director David Tweedie, featured four executives discussing how recent events have impacted the asset class and - [CRE Investment Outlook is Strong, But Less Capital Available](https://www.torontocommercialproperties.ca/cre-investment-outlook-is-strong-but-less-capital-available/) - Despite ongoing economic uncertainty, Canada remains a good place to invest according to senior executives who closed the Sept. 8 RealREIT conference at the Metro Toronto Convention Centre with a panel discussion moderated by RioCan REIT(REI-UN-T) president and CEO Jonathan Gitlin. Other Western countries are facing similar issues, but Europe also has concerns about an energy crisis resulting from - [Toronto Isn't The Only Place That's Growing in Southern Ontario: Urban Hamilton](https://www.torontocommercialproperties.ca/toronto-isnt-the-only-place-thats-growing-in-southern-ontario-urban-hamilton/) - Toronto isn't the only place that's growing in Southern Ontario… …and in fact, every city and town in the area seems to have a fair share of cranes these days. In this image by UrbanToronto Forum contributor Lachlan Holmes are two of the many projects rising around the Gore Park area in Downtown Hamilton; the Gore Park - [Madison Group's Submitted Plans for a Two-Tower Mixed-Use Development on Eglinton East](https://www.torontocommercialproperties.ca/madison-groups-submitted-plans-for-a-two-tower-mixed-use-development-on-eglinton-east/) - Toronto’s ever-evolving Eglinton Avenue has become so familiar with construction and development in recent years that any breaking news in the sector has a tough assignment when it comes to standing out. Still development continues, like Madison Group's recently submitted plans for a two-tower mixed-use development located at 110 Eglinton Avenue East, between Yonge Street and Mount Pleasant - [Oxford Building Phase 1 at $825M GTA Industrial Park](https://www.torontocommercialproperties.ca/oxford-building-phase-1-at-825m-gta-industrial-park/) - Oxford Properties has broken ground on the $825-million James Snow Business Park in the Greater Toronto Area town of Milton, where it plans to build a highly sustainable logistics hub of up to 3.3 million square feet. The master-planned project is planned to contain 14 buildings and will be developed in phases at the 180-acre site. The initial - [TAKOL, CMCC Buy Land to Develop GTA Industrial Condos](https://www.torontocommercialproperties.ca/takol-cmcc-buy-land-to-develop-gta-industrial-condos/) - TAKOL Real Estate Inc. has specialized in selling industrial condominiums in the Greater Toronto Area (GTA) since its inception in 2015 and is now moving on to its first ground-up development. To this point the private Canadian boutique commercial real estate investment and asset management company has largely been buying small bay, multi-tenant industrial buildings constructed - [Sawtooth-Edged 50-Storey Proposal Would Replace St Clair-Yonge Office Building](https://www.torontocommercialproperties.ca/sawtooth-edged-50-storey-proposal-would-replace-st-clair-yonge-office-building/) - The Deer Park sector of Midtown Toronto is in the headlines again with more planning news, this time coming from Manulife Investment Management. Earlier this month, the insurance company’s real estate division submitted a proposal to redevelop the site of 45 St Clair Avenue West with a 50-storey mixed-use residential/commercial building reaching a height of 167m. Designed by Sweeny - [Aoyuan Selects H-Mart Supermarket as Anchor Tenant for Retail Space in M2M Condos](https://www.torontocommercialproperties.ca/aoyuan-selects-h-mart-supermarket-as-anchor-tenant-for-retail-space-in-m2m-condos/) - With construction of M2M Condos proceeding as planned, Aoyuan International, the developers of the 8.6-acre master-planned community development in North York, has announced which grocery retailer will be occupying the development’s 36,000ft² retail space. In keeping with the community focussed approach that has guided the project thus far, M2M will welcome the Korean-American supermarket chain H-Mart for the - [Menkes Propose Three Towers on Brownlow Avenue near Eglinton and Mount Pleasant](https://www.torontocommercialproperties.ca/menkes-propose-three-towers-on-brownlow-avenue-near-eglinton-and-mount-pleasant/) - Planners Goldberg Group have recently resubmitted Zoning By-law Amendment (ZBA) and Site Plan Approval (SPA) applications on behalf of Developers Menkes Brownlow Inc. for three residential towers rising to 35, 40 and 45 storeys in height atop two 6-storey podiums designed by Turner Fleischer Architects at a site municipally known as 55 through 75 Brownlow Avenue in Toronto's Midtown. An original - [22 Storeys Proposed on Yonge Opposite Summerhill Subway Station](https://www.torontocommercialproperties.ca/22-storeys-proposed-on-yonge-opposite-summerhill-subway-station/) - Zoning By-law Amendment and Site Plan Approval applications submitted to the City of Toronto on behalf of Trinity Point Development by the Goldberg Group showcase prospective renderings of Brisbin Brook Beynon Architects' design for a 22-storey residential mixed-use building. Located at 1212 through 1220 Yonge Street, at the southwest corner of Alcorn Avenue and across from Shaftesbury Avenue and its entrance to - [Offices, Condos, Towns: Checking In On Recently Completed Projects in the GTA](https://www.torontocommercialproperties.ca/offices-condos-towns-checking-in-on-recently-completed-projects-in-the-gta/) - Since the end of the summer, a new class of developments have graduated from the construction phase into completion. We track all of this information on a daily basis with UrbanToronto Pro, and with this article we're summarizing the projects which we have switched to completed in our database files. We should note that by - [Canada's National Office Vacancy Rate Dips in Q3: CBRE](https://www.torontocommercialproperties.ca/canadas-national-office-vacancy-rate-dips-in-q3-cbre/) - The office markets in Canada’s major cities aren’t as buoyant as during pre-pandemic days, but are still doing relatively well in comparison to those in other countries. CBRE just released a report that examines the Canadian office market during Q3 2022, and national managing director Jon Ramscar shared his views on the current climate, and what - [Toronto Retail Seeing Increasingly Robust Leasing Activity as Workers Return to Offices [Report]](https://www.torontocommercialproperties.ca/toronto-retail-seeing-increasingly-robust-leasing-activity-as-workers-return-to-offices-report/) - A retail report by commercial real estate firm JLL says retail leasing activity in Toronto should remain robust after a strong push in the second quarter of this year. Both enclosed and open-air Toronto retail properties have attracted new concepts, with a special attention from first-to-market. Combining a dip in Q1 and the subsequent rebound in Q2, on balance - [Transforming Office Buildings to Livable Spaces](https://www.torontocommercialproperties.ca/transforming-office-buildings-to-livable-spaces/) - The pandemic has been a key driver for reimagining our relationship with the built environment and is presenting new opportunities across portfolios and sectors. With a surplus of office space resulting from evolving workplace strategies, owners in conjunction with teams of developers, city planners, architects and engineers are actively managing a variety of complex conversions - [Slate Office Sells Two-Tower Toronto Office Building for $97M](https://www.torontocommercialproperties.ca/slate-office-sells-two-tower-toronto-office-building-for-97m/) - Slate Office REIT has sold a two-tower office property at 95-105 Moatfield Dr. in Toronto for $97 million to an undisclosed purchaser. The two towers combined have 405,407 square feet of office space with three levels of underground parking. The property is located close to the York Mills exit on the Don Valley Parkway and the busy east- - [Relief for Commercial Tenants in the Age of COVID-19: Courts Once Again Side With Landlords](https://www.torontocommercialproperties.ca/relief-for-commercial-tenants-in-the-age-of-covid-19-courts-once-again-side-with-landlords/) - In yet another chapter in the pandemic-fueled commercial tenancy battles, Ontario’s highest court has set out the limits on relief from forfeiture of a commercial lease. This time, a major anchor tenant in a shopping mall asked for help after getting pummeled by COVID-19. The courts again sided with the landlord. The case In Hudson’s Bay - [Summit Industrial Buys Second Dev. Site in Kitchener Business Park](https://www.torontocommercialproperties.ca/summit-industrial-buys-second-dev-site-in-kitchener-business-park/) - Summit Industrial Income REIT is continuing to grow its development pipeline in the area surrounding Toronto. The trust and an unnamed partner will acquire a second plot of industrial land in the Grand River West Business Park in Kitchener. Summit (SMU-UN-T) and its partner have waived conditions on the 26.5-acre development site and will acquire a - [Dream Industrial: 10 Years of Growth, More to Come](https://www.torontocommercialproperties.ca/dream-industrial-10-years-of-growth-more-to-come/) - Dream Industrial REITchief executive officer Brian Pauls and members of his team rang the bell to open the Toronto Stock Exchange on Sept. 26 and mark the trust’s 10-year anniversary. Pauls, who assumed his role on Jan. 1, 2018 after leaving a senior executive role with Denver-based real estate firm PaulsCorp, recently spoke with RENX about Dream Industrial’s - [Podcast: Investing in Commercial and Industrial Real Estate](https://www.torontocommercialproperties.ca/podcast-investing-in-commercial-and-industrial-real-estate/) - Steffany Boldrini, principal at Monte Carlo Real Estate Investments, joins host Chad Griffiths to explore a variety of investment topics including some niche sectors. Among the topics they discuss are a market overview and outlook, investing in car washes and self-storage, and tips and strategies for investing. This interview was conducted live, so comments and questions - [Walmart Dist. Centre to be Harden’s First Industrial Build](https://www.torontocommercialproperties.ca/walmart-dist-centre-to-be-hardens-first-industrial-build/) - UPDATED WITH CEO INTERVIEW: Harden is expanding into industrial development and has a heavyweight tenant, Walmart Canada, for its initial project in the Greater Montreal city of Vaudreuil-Dorion. The Montreal real estate investor, builder and operator will construct a 457,000-square-foot fulfillment centre at its new Le Campus Henry Ford. The development is part of Walmart’s plan to spend - [DUO Condos Breaks Ground in Brampton](https://www.torontocommercialproperties.ca/duo-condos-breaks-ground-in-brampton/) - BRAMPTON, Ontario--(BUSINESS WIRE)--Capping the remarkable sales success at DUO Condos in Brampton by National Homes and Brixen Developments Inc, the construction phase of this important new two tower condominium has officially begun. Brampton’s 2040 Vision addresses the environment, jobs, urban centres, neighbourhoods, transportation, social matters, health, arts and culture. Offering residents forward-thinking, new highrise communities - [Residential Conversion, Infill Proposed for Financial Core Heritage Building](https://www.torontocommercialproperties.ca/residential-conversion-infill-proposed-for-financial-core-heritage-building/) - In the midst of a transitional period of the workforce towards remote work and flexible employment situations, the traditional office building has been sent spiralling into an identity crisis. While debates play out over managing the future of the office building, some savvy developers are hoping to get ahead of the curve, and guide the - [H&R Sells $167.8 Million of Retail and Office Real Estate in Calgary, Toronto and Kingston](https://www.torontocommercialproperties.ca/hr-sells-167-8-million-of-retail-and-office-real-estate-in-calgary-toronto-and-kingston/) - Toronto-based H&R REIT has sold a quartet of office and retail properties for $167.8 million as it looks to "simplify" its portfolio and pivot to multifamily and industrial real estate. The real estate investment trust said it had sold a Rona Home Improvement Centre at 2665 32nd St. in Calgary, an Altalink office at 2767 2nd Ave. also in - [Company Tied to Former Calgary Flames Captain Scores With Toronto Land Deal](https://www.torontocommercialproperties.ca/company-tied-to-former-calgary-flames-captain-scores-with-toronto-land-deal/) - A company associated with former NHL forward Jim Peplinski, who captained the only Stanley Cup win in Calgary Flames history, has sold nearly $117.3 million in land and property in the Toronto region. CoStar data from land records show a portfolio of three retail and industrial properties sold at the end of August at 56, 58 - [QuadReal Picks Homebuilder for First Phase of Toronto Mall Redevelopment](https://www.torontocommercialproperties.ca/quadreal-picks-homebuilder-for-first-phase-of-toronto-mall-redevelopment/) - QuadReal Property Group is teaming up with one of the Greater Toronto Area's largest homebuilders as part of the first phase of redeveloping a suburban mall once home to U.S. retailer Target. Vancouver-based QuadReal said it selected Mattamy Homes, which constructs about 8,000 homes annually, to build condominiums on a standalone, 2.3-acre site on The - [Dream Industrial: 10 Years of Growth, More to Come](https://www.torontocommercialproperties.ca/dream-industrial-10-years-of-growth-more-to-come-2/) - Dream Industrial REITchief executive officer Brian Pauls and members of his team rang the bell to open the Toronto Stock Exchange on Sept. 26 and mark the trust’s 10-year anniversary. Pauls, who assumed his role on Jan. 1, 2018 after leaving a senior executive role with Denver-based real estate firm PaulsCorp, recently spoke with RENX about Dream Industrial’s - [Maple Reinders Overcomes Hurdles to Turn Old Warehouse Into Storage Facility](https://www.torontocommercialproperties.ca/maple-reinders-overcomes-hurdles-to-turn-old-warehouse-into-storage-facility/) - MAPLE REINDERS - The Vanguard Self-Storage Facility in Richmond Hill, Ont. was transformed from an old warehouse into a brand new facility. The general contractor was Maple Reinders. ADG Architecture was the initial architect but A.W. Trusevych Associates Architect Inc. took over once construction began. Hannigan Engineering Limited was the structural consultant; Tristar Engineering was - [Canada’s Third Quarter Office Figures Are In](https://www.torontocommercialproperties.ca/canadas-third-quarter-office-figures-are-in/) - Canada’s third quarter office figures are in. According to a new report from commercial real estate services firm CBRE Canada, while the country’s office markets aren’t as healthy as they were pre-pandemic, they are doing relatively well compared to other nations. The report’s overarching theme is that the Canadian market is inching closer to equilibrium (albeit - [Summit Industrial Buys Second Dev. Site in Kitchener Business Park](https://www.torontocommercialproperties.ca/summit-industrial-buys-second-dev-site-in-kitchener-business-park-2/) - Summit Industrial Income REIT is continuing to grow its development pipeline in the area surrounding Toronto. The trust and an unnamed partner will acquire a second plot of industrial land in the Grand River West Business Park in Kitchener. Summit (SMU-UN-T) and its partner have waived conditions on the 26.5-acre development site and will acquire a - [Interest on Interest: Rising Rates Lead to Reduced Proposals in UrbanToronto Pro August Report](https://www.torontocommercialproperties.ca/interest-on-interest-rising-rates-lead-to-reduced-proposals-in-urbantoronto-pro-august-report/) - The Toronto real estate market continues to experience low levels of activity, as interest rate hikes, price drops, and policy uncertainty continued in August of 2022. New proposals for development came in at 9 applications, compared to 24 applications in August of last year. This represents a decrease of 62% year-over-year. The number of applications - [Retail Trends Include Downsizing, Outsourcing Packing And Shipping Of Online Orders](https://www.torontocommercialproperties.ca/retail-trends-include-downsizing-outsourcing-packing-and-shipping-of-online-orders/) - Historically, the Canadian retail sector has often been slow to adopt new methods of fulfillment, but that is changing fast. According to Michael Ward, chief executive of IKEA Canada, big box retailers such as IKEA are catching up in part through the establishment of smaller stores in downtown areas and working with third-party providers to - [Supreme Court Limits Governments' Ability To “Constructively Take” Land](https://www.torontocommercialproperties.ca/supreme-court-limits-governments-ability-to-constructively-take-land/) - Supreme Court guidance is good news for developers In a long-awaited decision, the Supreme Court of Canada has ruled on de facto expropriation of land. In Annapolis Group Inc. v Halifax Regional Municipality, the Supreme Court provided guidance for situations in which the government essentially takes away land rights from property owners without formally expropriating the - [CanFirst Acquires $222.6M GTA Industrial Portfolio](https://www.torontocommercialproperties.ca/canfirst-acquires-222-6m-gta-industrial-portfolio/) - The CanFirst Industrial Realty Fund VII LP has acquired a 13-property, 710,389-square-foot portfolio in Vaughan, Ont. from IG Investment Management for $222.6 million. “We're excited to be able to acquire assets in this node in Vaughan,” CanFirst Capital Management executive vice-president Mark Braun told RENX. “It's always been a challenge to find properties in the - [Converting Office Buildings to Hybrid Spaces, Multiuse Facilities, Key to Downtown Planning](https://www.torontocommercialproperties.ca/converting-office-buildings-to-hybrid-spaces-multiuse-facilities-key-todowntown-planning/) - With 85 per cent of employees now expecting a hybrid work experience, the pressure is on for employers to deliver. Businesses have had to rethink their entire value proposition to both recruit and retain, says Sheila Botting, president of Americas professional services at Avison Young. Ms. Botting spoke at a recent webinar hosted by the - [New Downtown Toronto Building Razes The Roof to Add New Floors](https://www.torontocommercialproperties.ca/new-downtown-toronto-building-razes-the-roof-to-add-new-floors/) - The architects and builders redeveloping Cambridge Suites Hotel at the edge of Toronto’s financial district say their plan is going to take construction techniques in the city to a whole new level. It looks like they’re not exaggerating. The development proposal for the 21-storey property on Richmond Street East near the city’s soaring bank towers - [Yonge Street is Alive and Well Again: Foot Traffic Surges Past 2019 Levels](https://www.torontocommercialproperties.ca/yonge-street-is-alive-and-well-again-foot-traffic-surges-past-2019-levels/) - Canada’s longest street is back in action. On Thanksgiving weekend, more than half a million people walked along downtown Yonge Street — a figure that’s higher than during the same weekend in 2019, before the pandemic would turn the city into a ghost town. This is according to the Downtown Yonge Business Improvement Area (DYBIA), - [SHEIN, Amazon, and the Strength of Canada’s Warehouse Market](https://www.torontocommercialproperties.ca/shein-amazon-and-the-strength-of-canadas-warehouse-market/) - Fast fashion giant SHEIN announced earlier this month that it had opened a new 170,000-sq.-ft warehouse and office space in Markham, Ontario, marking its first-ever distribution facility in Canada. The Chinese retailer’s latest investment is a sign of the times for Canada’s commercial real estate market, which has seen steady interest and growing prices for - [New LaSalle Fund Buys GTA Industrial Portfolio, apt. Building](https://www.torontocommercialproperties.ca/new-lasalle-fund-buys-gta-industrial-portfolio-apt-building/) - LaSalle Investment Management’s fifth Canadian value-add real estate fund, LaSalle BVK Canada Advantage, has acquired an industrial portfolio and a multiresidential property in the Greater Toronto Area (GTA). The acquisitions are the first capital deployments for BVK Advantage after it closed in December 2021 with a capital raise of $306 million. The fund secured commitments - [Is Industrial CRE Headed for a Crash? Unlikely, and Here's Why...](https://www.torontocommercialproperties.ca/is-industrial-cre-headed-for-a-crash-unlikely-and-heres-why/) - I recently participated in my first Twitter Spaces discussion; essentially a call-in show on social media with hundreds of participants listening in and chatting. One opinionated investor told the panel that industrial is headed for a crash. The market was too hot and industrial construction was booming, with tens of millions of square feet being - [The State of The Logistics and Warehousing Industries](https://www.torontocommercialproperties.ca/the-state-of-the-logistics-and-warehousing-industries/) - Supply chain and industrial/logistics expert Matt Carroll returns to offer updated perspectives and insights into the most recent trends and developments in the sector. Among the topics discussed with host Chad Griffiths are falling transportation costs and the impact on the warehouse market where some product shortages are ongoing, and other current trends. The interview - [Raising Ceiling Heights on Existing Industrial Buildings](https://www.torontocommercialproperties.ca/raising-ceiling-heights-on-existing-industrial-buildings/) - Host Chad Griffiths is joined by Marty Shiff, president of Toronto-based Rooflifters, to explore the factors which go into increasing clear heights on existing industrial buildings to make them more suitable for some modern tenants. Among the topics they delve into are what types of buildings are suitable for roof raising, how the process works - [Slate Reports Higher NOI, Updates Strategic Review in Q3 Results](https://www.torontocommercialproperties.ca/slate-reports-higher-noi-updates-strategic-review-in-q3-results/) - As it continues to undertake a recently announced strategic review, Slate Office REIT reported gains in net operating income (NOI) and same-property NOI during Q3 2022. These, along with a number of recent property transactions, were among the topics discussed during the REIT’s Nov. 2 conference call to present its financial and operational results for - [Dream, Singapore's GIC to Acquire Summit Industrial for $5.9B](https://www.torontocommercialproperties.ca/dream-singapores-gic-to-acquire-summit-industrial-for-5-9b/) - UPDATED: Dream Industrial REIT (DIR-UN-T) and Singapore-based investment manager GIChave formed a joint venture to acquire Summit Industrial Income REIT(SMU-UN-T) in an all-cash transaction that values the trust at approximately $5.9 billion. The Monday-morning announcement indicated Summit unitholders will receive $23.50 per unit in cash for their shares. The investment is a 31 per cent - [Actionable Tips for Commercial Real Estate Brokers](https://www.torontocommercialproperties.ca/actionable-tips-for-commercial-real-estate-brokers/) - Longtime U.S.-based investor and agent Joe Killinger joins host Chad Griffiths for this episode of The Industrial Real Estate Show. Their discussion touches on what successful agents are focusing on right now, incorporating social media into your brokerage business, tactics to improve your networking skills and other topics related to the current industry environment. This - [CRE's 'Amazing Run' Hits Roadblocks: PwC/ULI Trends Report](https://www.torontocommercialproperties.ca/cres-amazing-run-hits-roadblocks-pwc-uli-trends-report/) - The "amazing run" for Canada's real estate industry has come to an end, a PwC executive told participants at the 44th annual Emerging Trends in Real Estate report event. Held at The Carlu in Toronto on Nov. 1, the well-attended breakfast event was sponsored by PwC and the Urban Land Institute to offer insights and - [CRE Bears Brunt of Property Tax Burden: Canada-Wide Update](https://www.torontocommercialproperties.ca/cre-bears-brunt-of-property-tax-burden-canada-wide-update/) - Seven of the 11 major Canadian cities surveyed by Altus Group have a commercial tax rate more than double the residential tax rate, according to the 2022 Canadian Property Tax Rate Benchmark Report. Altus Group released the annual report in conjunction with the Real Property Association of Canada (REALPAC). It's intended to create dialogue with - [Discount Retailers, Grocers Driving Occupancy Rates up: RioCan CEO](https://www.torontocommercialproperties.ca/discount-retailers-grocers-driving-occupancy-rates-up-riocan-ceo/) - TORONTO - RioCan Real Estate Investment Trust says retailers offering essential and discount goods are driving growth in its occupancy rates. “We are certainly seeing growth in grocery, pharma and discount as well as the TJX banners (Winners, HomeSense and Marshalls) and Dollarama,” said Jonathan Gitlin, the Toronto-based realty company’s chief executive on a Friday - [Push to Curb Inflation Has CRE Ramifications](https://www.torontocommercialproperties.ca/push-to-curb-inflation-has-cre-ramifications/) - Deputy Prime Minister Chrystia Freeland is not an outlier in asserting that Canada is well positioned to curb inflation and recover from a downturn. Nick Axford, chief economist with Avison Young, concurs — predicting that a likely “technical recession” will be less severe than the prospects in Europe and that inflation will be on a - [OPG Sells Kipling Facility to Kinectrics and City of Toronto](https://www.torontocommercialproperties.ca/opg-sells-kipling-facility-to-kinectrics-and-city-of-toronto/) - TORONTO, Nov. 7, 2022 /CNW/ - Ontario Power Generation Inc. (OPG) has completed the sale of its Kipling site in Etobicoke to Kinectrics and the City of Toronto. Sold through a competitive process, the 800 Kipling Avenue site measures approximately 76 acres and includes approximately 750,000 square feet of buildings. As part of the sale, - [44 Storeys Proposed Beside Eglinton GO Station](https://www.torontocommercialproperties.ca/44-storeys-proposed-beside-eglinton-go-station/) - Like many of Toronto's quieter neighbourhoods, Scarborugh's Woburn is a lower density area amongst busier and and higher-density main streets. Now, MHBC Planning has submitted Official Plan Amendment and Zoning By-law Amendment applications that would result in the tallest building yet in this area, 44-storeys at 2941 Eglinton Avenue East, just east of McCowan Road at Eglinton - [CanFirst Acquires $222.6M GTA Industrial Portfolio](https://www.torontocommercialproperties.ca/canfirst-acquires-222-6m-gta-industrial-portfolio-2/) - The CanFirst Industrial Realty Fund VII LP has acquired a 13-property, 710,389-square-foot portfolio in Vaughan, Ont. from IG Investment Management for $222.6 million. “We're excited to be able to acquire assets in this node in Vaughan,” CanFirst Capital Management executive vice-president Mark Braun told RENX. “It's always been a challenge to find properties in the - [How Much Warehouse You Can Buy Today Vs. 2021: Sellers, Take Note](https://www.torontocommercialproperties.ca/how-much-warehouse-you-can-buy-today-vs-2021-sellers-take-note/) - GUEST SUBMISSION: The year was 2022 and it had been a relatively steady 40 years of declining interest rates from the peaks of 1981 where the Bank of Canada rate reached a whopping 21.46 per cent. Many (most) of the current workforce had only ever seen downward-trending interest rates, with the youngest generation of adults - [Suburban Toronto Records First Period Of Positive Net Absorption Since Pandemic](https://www.torontocommercialproperties.ca/suburban-toronto-records-first-period-of-positive-net-absorption-since-pandemic/) - Commercial real estate firm CBRE says for the second quarter in a row, the country’s suburban office vacancy level was lower than the rate seen for downtown regions. The firm says the national suburban office vacancy rate was 16 per cent in its most recent quarter, while national downtown office vacancy sat at 16.9 per cent. During - [Toronto Industrial Market Has Millions Of New Sq. Ft. On The Way](https://www.torontocommercialproperties.ca/toronto-industrial-market-has-millions-of-new-sq-ft-on-the-way/) - Industrial real estate transactions in the Greater Toronto Area (GTA) may have slowed in Q3 and developers and landlords may be becoming more cautious in response to current economic conditions, but the outlook remains positive for the approximately 840-million-square-foot and growing market during the next year. Rents continued to rise, the vacancy rate was at - [GALA Buys Bradford Ind. Land, Plans 1.4M Sq. Ft. Of Space](https://www.torontocommercialproperties.ca/gala-buys-bradford-ind-land-plans-1-4m-sq-ft-of-space/) - GALA Developments has closed on the acquisition of a strategically located 101-acre site in Bradford West Gwillimbury, north of Toronto, where it plans to develop approximately 1.4 million square feet of industrial space. The property at 3664 8th Line was acquired for $37 million in mid-October from a private investor based in Quebec, GALA vice-president - [Industrious Plans Second Toronto Flex Workspace](https://www.torontocommercialproperties.ca/industrious-plans-second-toronto-flex-workspace/) - Flexible workplace company Industrious is launching its second Canadian location in Toronto, this time in partnership with Dream Office Real Estate Investment Trust. Industrious, a New York-headquartered office co-working company, will open Industrious Financial Core at 30 Adelaide St. E. in Toronto in March 2023. It will be located inside the 18-storey State Street Financial - [Long-Term Office Outlook Appears Positive, Says Insider](https://www.torontocommercialproperties.ca/long-term-office-outlook-appears-positive-says-insider/) - As Dorothy wistfully states in The Wizard of Oz, “There’s no place like home.” But what are owners, investors and tenants in commercial real estate (CRE) to make of ongoing visions of tumbleweeds blowing through our downtown cores in the fallout of an unprecedented shift to working from home? According to a recent report commissioned - [Real Estate Investors Push For Improved ESG Measures In Commercial Property](https://www.torontocommercialproperties.ca/real-estate-investors-push-for-improved-esg-measures-in-commercial-property/) - Canada’s commercial real estate sector is striving to meet increasingly demanding environmental, social and governance standards, but the ESG is still greener on the other side of the world. For example, experts say Canada is playing catch-up in the use of “green leases” – commercial tenancy agreements in which the landlord and the renter incorporate - [Filling In The Retail Spaces In The Second Largest Master-Planned Development in Toronto is a Problem, or an Opportunity, Depending on How You Look At It.](https://www.torontocommercialproperties.ca/filling-in-the-retail-spaces-in-the-second-largest-master-planned-development-in-toronto-is-a-problem-or-an-opportunity-depending-on-how-you-look-at-it/) - On a given day most people who come to the Concord Park Place real estate development in Toronto are there for some do-it-yourself furniture or meatballs from the IKEA it shares space with. Concord’s site is sandwiched between Highway 401, a six-lane stretch of Sheppard Avenue and tracts of single-family homes: it is the definition - [GTA Commercial Real Estate Investment Feels Rate Squeeze, Plunges 34% in Q3](https://www.torontocommercialproperties.ca/gta-commercial-real-estate-investment-feels-rate-squeeze-plunges-34-in-q3/) - It’s not just prospective homeowners feeling the pinch of rising interest rates — an overall higher cost of borrowing has had a heavy impact on the commercial real estate sector in the Greater Toronto Area, according to the latest third-quarter data from Altus Group. The numbers show that, following a record-setting first half of the - [CRE Sees Strong Growth in 2021, “Asymmetric Impacts” Across Asset Classes](https://www.torontocommercialproperties.ca/cre-sees-strong-growth-in-2021-asymmetric-impacts-across-asset-classes/) - Although commercial real estate in Canada is yet to rebound from the pandemic, the sector still spurred notable economic benefits over 2021. On the whole, commercial real estate contributed a net of $148.4B to Canada’s Gross Domestic Product (GDP), created and supported 1M jobs — 372,710 of which were long-term, salaried positions, otherwise known as - [Adapt or Die: Why Converting Offices Into Homes Hasn’t Taken Off in Canada](https://www.torontocommercialproperties.ca/adapt-or-die-why-converting-offices-into-homes-hasnt-taken-off-in-canada/) - Reduce. Reuse. Recycle. We all know these concepts as it relates to waste, but did you know they can be applied to buildings too? When it comes to real estate, they’re deeply-intertwined in what’s called “adaptive reuse.” The concept is simple: take a building that’s run its course and convert it into something that suits - [Blackstone To Buy Toronto Warehouse Portfolio For Over $400M](https://www.torontocommercialproperties.ca/blackstone-to-buy-toronto-warehouse-portfolio-for-over-400m/) - New-York-based Blackstone Real Estate has entered into an agreement to purchase six industrial properties in the Toronto area for more than $400M. The properties’ locations have not yet been publicly disclosed, but are said total 1.5M sq. ft and are fully occupied, having traits seen as desirable to tenants such as being newer builds, having - [Gen Zs Interested in the In-Office Experience, New Survey Finds](https://www.torontocommercialproperties.ca/gen-zs-interested-in-the-in-office-experience-new-survey-finds/) - The return to in-person office work has been met with very mixed feelings. While some employers have pushed to get people back at their desks, many employees have pushed back. However, a new survey finds that Gen Zs are something of an outlier; they’re more interested in the in-office experience than their generational counterparts. This - [STOREYS’ 2022 Commercial Real Estate Deal of the Year: Royal Bank Plaza Sells for $1.2B](https://www.torontocommercialproperties.ca/storeys-2022-commercial-real-estate-deal-of-the-year-royal-bank-plaza-sells-for-1-2b/) - With the real estate market moving from one extreme to another this year, those first couple of frenzied months — when people could actually afford to buy real estate, can you imagine?— are an increasingly distant memory. But as we close out the year, a transaction from back in January remains our pick of 2022’s - [Debunking Commercial Real Estate Myths](https://www.torontocommercialproperties.ca/debunking-more-commercial-real-estate-myths/) - Myths are described as either traditional stories of phenomenon, or more commonly, a widely held but false belief or idea. I’ve tackled commercial real estate myths before but I think it’s due time to add a few more to the list. Myth #7 – My buddy paid (insert silly value) right down the street for - [Nexus Buys, Sells, Builds as Industrial Transition Continues](https://www.torontocommercialproperties.ca/nexus-buys-sells-builds-as-industrial-transition-continues/) - Nexus Industrial REIT(NXR-UN-T) is continuing to buy and sell properties to reposition its portfolio and chief executive officer Kelly Hanczyk expects both transactions and development activity to remain brisk through 2023. “We are continuing to grow an institutional-grade portfolio,” Hanczyk told RENX. “A lot of the products that we have coming on, and with the - [How to Meet and Catalyze ESG Expectations in Canadian Real Estate](https://www.torontocommercialproperties.ca/how-to-meet-and-catalyze-esg-expectations-in-canadian-real-estate/) - 2023 promises to be another year with heightened focus on environmental, social and governance (ESG) compliance. The federal government’s 2050 pledge of achieving net zero status – either generating no greenhouse gas emissions or offsetting such emissions through tree planting or capturing carbon before it’s released into the air – is catalyzing the need for - [Supreme Court Limits Governments' Ability To “Constructively Take” Land](https://www.torontocommercialproperties.ca/supreme-court-limits-governments-ability-to-constructively-take-land-2/) - In a long-awaited decision, the Supreme Court of Canada has ruled on de facto expropriation of land. In Annapolis Group Inc. v Halifax Regional Municipality, the Supreme Court provided guidance for situations in which the government essentially takes away land rights from property owners without formally expropriating the lands. Although there is still a ways to - [$2.7B Concert Fund Gets New Name, Diversifies Into Multires](https://www.torontocommercialproperties.ca/2-7b-concert-fund-gets-new-name-diversifies-into-multires/) - Concert Properties' management will diversify the CREC Commercial Fund LP by adding multiresidential rental properties to its mix of industrial and office assets, and has renamed it Concert Income Properties LP to reflect the shift. The fund was created in 2016 with a billion-dollar portfolio. It has since grown to 77 assets with nearly 12 million square - [Q4 2022 Canadian CRE Investment Trends](https://www.torontocommercialproperties.ca/canadian-cre-investment-trends/) - Q4 2022: Rising interest rates prompt continued caution and scrutiny in investor sentiment The latest results from Altus Group’s Canadian Investment Trends Survey (ITS) for the four benchmark asset classes, show that the Overall Capitalization Rates (OCR) rose to 5.36% in Q4 2022. This compares to the previous quarter which was recorded at 5.17% and - [HOPA Expands Industrial Inventory At Thorold Port Lands](https://www.torontocommercialproperties.ca/hopa-expands-industrial-inventory-at-thorold-port-lands/) - The Hamilton-Oshawa Port Authority (HOPA) and Bioveld Canada hope to capitalize on the region’s tight industrial real estate leasing market by adding up to 500,000 square feet at the sprawling Thorold Multimodal Hub, Bioveld Complex. “We have ways of transloading, we have warehouse storage, we have ship repair and maintenance, and on the original site we have a lot of - [Sandpiper Group, Artis REIT And Embattled First Capital Real Estate Investment Trust (FCR) Appear Headed For A Court Hearing To Determine The Date Of A Shareholder Meeting To Decide FCR's Future Direction](https://www.torontocommercialproperties.ca/sandpiper-group-artis-reit-and-embattled-first-capital-real-estate-investment-trust-fcr-appear-headed-for-a-court-hearing-to-determine-the-date-of-a-shareholder-meeting-to-decide-fcrs-future-dire/) - UPDATED: Sandpiper Group, Artis REIT and embattled First Capital Real Estate Investment Trust (FCR) appear headed for a court hearing to determine the date of a shareholder meeting to decide FCR's future direction. A release Monday morning issued by Sandpiper and Artis says the two entities have asked the Ontario Superior Court’s commercial division to compel First Capital to hold the - [Canada's Office Market Fights On, Industrial Stays Strong](https://www.torontocommercialproperties.ca/canadas-office-market-fights-on-industrial-stays-strong/) - Suburban office vacancy rates were considerably lower than downtown in many markets across Canada, according to Colliers Canada’s 2022 Q4 National Market Snapshot report, which updates trends and statistics in the office and industrial sectors. The national downtown office vacancy rate was 14 per cent and trending upward, while the suburban rate was 12 per cent and trending - [Allied Puts Toronto Data Centre Portfolio Up For Sale](https://www.torontocommercialproperties.ca/allied-puts-toronto-data-centre-portfolio-up-for-sale/) - Allied Properties REIT has decided to offer its downtown Toronto urban data centre (UDC) portfolio for sale following a review of options for the three properties. In an announcement Monday morning, Allied reports “selling the portfolio in its entirety now is optimal financially and operationally.” It has retained Scotiabank and CBRE to market the assets and - [Riding The Real Estate Roller-Coaster: The Uncertainty Of Inflation](https://www.torontocommercialproperties.ca/riding-the-real-estate-roller-coaster-the-uncertainty-of-inflation/) - What is inflation? What caused it in 2022? Why is it hard to predict? What are the differences between 2022 and 1970s inflation? Let's examine the issue, its impact on real estate and how we can prepare for and attempt to mitigate those effects. What is inflation and why did it skyrocket in 2022? Inflation - [Top-10 CRE Transactions Of 2022 In The GTA, GGH](https://www.torontocommercialproperties.ca/top-10-cre-transactions-of-2022-in-the-gta-ggh/) - 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. This year could see a reversal of that trend, with a slower start and business picking up in the third and fourth quarters, according to Altus Group vice-president - [Rental Market Will Tighten in 2023, But Investment Will Remain Strong](https://www.torontocommercialproperties.ca/rental-market-will-tighten-in-2023-but-investment-will-remain-strong/) - As more and more Canadians become renters, interest and investment in multi-family rental properties are expected to remain high, despite an uncertain financial environment. In a new 2023 Canadian Economic Outlook from real estate and property management firm Morguard, the Ontario-based company says that after a decline in spring 2020, demand for purpose-built, multi-family rental properties strengthened during - [Dream Office REIT Announces $135M Sale of 720 Bay Street](https://www.torontocommercialproperties.ca/dream-office-reit-announces-135m-sale-of-720-bay-street/) - On Monday, Dream Office Real Estate Investment Trust (Dream Office REIT) announced the sale of Toronto’s 720 Bay Street, known as the McMurtry-Scott Building, named in honour of two former attorney generals. The fully-leased, single-tenant commercial office building is presently the headquarters of the Ontario Ministry of the Attorney General. Built in 1989, 720 Bay Street is - [Shopify Looks to Sublet Its New 348K-Sq.-Ft Toronto Office Space](https://www.torontocommercialproperties.ca/shopify-looks-to-sublet-its-new-348k-sq-ft-toronto-office-space/) - E-commerce giant Shopify has reportedly listed its shiny new downtown Toronto office space for sublease. In December, Shopify confirmed that it would not be occupying the multi-storey office space it had leased at The Well complex, despite having, in 2018, signed a 15-year lease that began in 2022. The Ottawa-based company originally signed on for 254,000 sq. - [Will 3D-Printed Buildings Alleviate The Construction Labour Shortage?](https://www.torontocommercialproperties.ca/will-3d-printed-buildings-alleviate-the-construction-labour-shortage/) - This fall, the construction site of a pair of large warehouses near Kingston will look vastly different than a regular building site. Instead of the typical dozen or so workers on site wielding tools to erect the structures, there will be just a few people – working mobile devices that control software to operate an - [KingSett Proposes 75 Storeys on Yonge Across From 76-Storey Tower](https://www.torontocommercialproperties.ca/kingsett-proposes-75-storeys-on-yonge-across-from-76-storey-tower/) - Hot on the heels of an October proposal for a landmark 76-storey tower on Yonge Street between Bloor and Wellesley Streets, developers KingSett Capital are doubling down on their bid to crank up density and height on Toronto’s most significant civic thoroughfare with a new 75-storey proposal located just across the street, at 646 Yonge Street. The proposal was received - [A Toronto Mall Is Getting A Massive Food Hall With 10 New Concepts](https://www.torontocommercialproperties.ca/a-toronto-mall-is-getting-a-massive-food-hall-with-10-new-concepts/) - Toronto is crazy for food halls, and we’re due to get a massive new one with 10 vendors at one of our most high-traffic malls. Signs emblazoned with the logo for Oliver & Bonacini (Canoe, Rabbit Hole) are now up for Queen’s Cross Food Hall at the Eaton Centre. The signs also advertise 10 new concepts - [Retail Leasing In Canada Rebounds With Positive Fundamentals: Morguard Report](https://www.torontocommercialproperties.ca/retail-leasing-in-canada-rebounds-with-positive-fundamentals-morguard-report/) - Retail leasing market activity rebounded during the latter half of 2021 and early 2022, with the loosening and eventual removal of restrictions on brick-and-mortar store capacity. Consequently, retailer sales revenues rose, and a modicum of leasing market normalcy was restored. Retail operators focused on revenue growth, balance sheet stabilization, and operational efficiency while landlords focused - [New High-Density Dev. Land Sub-Sector Emerges In Hamilton](https://www.torontocommercialproperties.ca/new-high-density-dev-land-sub-sector-emerges-in-hamilton/) - As we enter 2023, we’re operating in a drastically different financial environment than 2022. With upcoming challenges ahead in the commercial real estate world, it’ll be interesting to observe where future opportunities may lie. Despite ever-increasing interest rates over the past several months, industrial and multiresidential assets are continually in demand in Hamilton. The former - [Rent Prices Grew At Record Pace In 2022 As Canada Saw Lowest Vacancy Rate In Decades](https://www.torontocommercialproperties.ca/rent-prices-grew-at-record-pace-in-2022-as-canada-saw-lowest-vacancy-rate-in-decades/) - TORONTO - Rent prices in Canada grew at a record pace last year as the country saw the lowest vacancy rate since 2001, the Canada Mortgage and Housing Corp. said. In a report released Thursday, the federal housing agency said the average rent for a two-bedroom purpose-built apartment, which it uses as its representative sample, - [Infill Proposal Would Add 35-Storey Rental Tower to Etobicoke Apartment Site](https://www.torontocommercialproperties.ca/infill-proposal-would-add-35-storey-rental-tower-to-etobicoke-apartment-site/) - The site of an existing 12-storey Tower-in-the-Park style apartment building is at the centre of a proposal for an infill development that would see the construction of a new 35-storey tower in Etobicoke. Located at 1276 Islington Avenue, the proposal comes from developers Ranee Management who have enlisted Kirkor Architects Planners to preside over the - [Supply Chain Issues For Canadian Retailers Expected Into 2025: Expert](https://www.torontocommercialproperties.ca/supply-chain-issues-for-canadian-retailers-expected-into-2025-expert/) - Interestingly 2022 was a period of adjustment across the supply chain, and it still continues to evolve as we enter 2023, says expert Gary Newbury. “In 2020 retailers were faced with the prospect of the arrival of a glut of stock into, sometimes, dormant estate arising from lockdowns, which required swift action to cancel merchandise orders. - [Ev Battery Plant, Auto Sector Spark Windsor Industrial Surge](https://www.torontocommercialproperties.ca/ev-battery-plant-auto-sector-spark-windsor-industrial-surge/) - Industrial availability is opening up in the tight Windsor market where a huge production facility for lithium-ion batteries and a coming resurgence in automotive production are combining to turn around the city's fortunes. CBRE’s office in the city, located just across the border from Detroit, is listing three million square feet. That's leading some, including - [Pure Industrial In 2022: A Year Of 'Enormous' Growth](https://www.torontocommercialproperties.ca/pure-industrial-in-2022-a-year-of-enormous-growth/) - By any standard, the growth of Pure Industrial across Canada during 2022 was impressive. Shocking might be a better word. The privately owned investor (the former Pure Industrial Real Estate Trust had been acquired by Blackstone and Ivanhoé Cambridge in 2018 and taken private in a $3.8-billion transaction) opened the year with a $312-million portfolio acquisition and - [Smartcentres Set To Build On 'Strong Recovery' In 2022](https://www.torontocommercialproperties.ca/smartcentres-set-to-build-on-strong-recovery-in-2022/) - SmartCentres REIT had a very solid 2022 and expects that positive momentum to continue this year, executives revealed during a Feb. 9 conference call to discuss its Q4 and year-end financial and operating results. “From virtually every perspective, 2022 was a strong recovery and 2023 is shaping up to be more of the same,” said Rudy - [Mattamy Breaks Ground On 3 GTA Condo Developments](https://www.torontocommercialproperties.ca/mattamy-breaks-ground-on-3-gta-condo-developments/) - Mattamy Homes’ Greater Toronto Area (GTA) Urban Division officially broke ground on three condominium developments in late January: Westbend on Bloor Street West in Toronto; Mile & Creek in Milton; and Martha James in Burlington. It's a reflection of Mattamy's belief there's still demand for new condos despite slowing sales over the past several months - [Iwg Pushes Growth, To Open 9 New Canadian Flex Work Offices](https://www.torontocommercialproperties.ca/iwg-pushes-growth-to-open-9-new-canadian-flex-work-offices/) - Flexible workspace and office provider IWG had a successful 2022 and will open nine new Canadian sites in the first part of this year as it looks to grow by 100 locations – to 250 sites – during the next three years. IWG experienced major growth in Canada from 2014 to 2019, but offices in the country - [7 Tips to Staging Your Home to Sell](https://www.torontocommercialproperties.ca/7-tips-to-staging-your-home-to-sell/) - Staging your home to sell can be a daunting task, but with a few simple tips, you can make your home look its best and attract potential buyers. Here are some tips to help you stage your home to sell: Declutter and Remove Personal Items One of the first things you should do when staging - [8 Must Know Tips for First Time Home Buyers](https://www.torontocommercialproperties.ca/8-must-know-tips-for-first-time-home-buyers/) - Buying your first home is an exciting and rewarding milestone. However, it can also be a daunting experience with so many factors to consider. Whether you're a first-time home buyer or just looking for a refresher, here are some tips to help make the process easier: Determine your budget: Before you start house hunting, it's - [How to Price your Home to Sell](https://www.torontocommercialproperties.ca/how-to-price-your-home-to-sell/) - Selling your home can be an emotional and stressful experience. One of the most critical decisions you'll make is pricing your home. Setting the right price can make all the difference between a quick sale and a prolonged process. Here are some tips to help you price your home to sell quickly: Conduct a Comparative - [All Asset Classes Trended Downwards](https://www.torontocommercialproperties.ca/small-2022-gain-for-msci-realpac-canadian-property-index/) - The roller-coaster ride continues for the MSCI/Real Property Association of Canada (REALPAC) Canadian Property Index. After plunging due to COVID-19 in 2020 and making a solid recovery in 2021, the 2022 results showed only a small overall return. “We had the 2020 depths, a rebound in ’21, but then another drop in ’22 because the other shoe - [The Commercial Real Estate Landscape Changed Significantly In 2022](https://www.torontocommercialproperties.ca/uli-pwcs-2023-emerging-trends-report-things-have-changed-a-bit/) - The commercial real estate landscape changed significantly in 2022, so it's not surprising executives have a whole new set of problems to worry about, according to the ULI/PwC Emerging Trends in Real Estate 2023 report. “Unsurprisingly, if we look at our predictions for 2022, things have changed a lot," David Neale, assurance partner for PwC Vancouver, told a - [A New Report Says The Average Listed Rent For All Property Types In Canada Jumped By 10.7 Per Cent Year-over-year In January](https://www.torontocommercialproperties.ca/a-new-report-says-the-average-listed-rent-for-all-property-types-in-canada-jumped-by-10-7-per-cent-year-over-year-in-january/) - The report from Rentals.ca and Urbanation calculated the average listed rent to be $1,996 in January, down 0.5 per cent from December. When compared with the pre-pandemic average rent in January 2020 of $1,823, rents in Canada increased 9.5 per cent, which amounts to an average annual increase of 3.2 per cent during the three-year - [Flexible Office Spaces On The Rise With Canadian Companies Still Deciding How To Work](https://www.torontocommercialproperties.ca/flexible-office-spaces-on-the-rise-with-canadian-companies-still-deciding-how-to-work/) - Some managers are trying to lure people back to the office with quality amenities In Toronto’s Junction neighbourhood, the local outpost of co-working operator Spaces occupies part of a former warehouse. With a bright, airy design, wooden wall accents and minimalist furniture, it offers desk space, private offices and meeting rooms to companies that need - [New Toronto Development Points To A Shift In Land And Consumer Car Use](https://www.torontocommercialproperties.ca/new-toronto-development-points-to-a-shift-in-land-and-consumer-car-use/) - A proposed mixed-use development in Toronto, currently the site of a flourishing car dealership, may be a harbinger of the city’s postcar future. The project at 1075 Leslie St., near Eglinton Avenue East, features five towers, ranging from 13 to 49 storeys, with 1,846 housing units and commercial and retail space wrapped around a green, - ['Huge Rise' In Toronto-Area CRE Salaries In 2022: Hays](https://www.torontocommercialproperties.ca/huge-rise-in-toronto-area-cre-salaries-in-2022-hays/) - 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, senior director, property and facilities management recruitment at Hays in Toronto. In commercial real estate “we’ve seen a huge rise,” in salaries as employers must pay - [Open House Checklist & Tips for Buyers (PDF)](https://www.torontocommercialproperties.ca/open-house-checklist-tips-for-buyers-pdf/) - An open house can be an exciting experience for buyers as it provides an opportunity to explore a property in person and get a feel for the neighborhood. Many buyers choose to make a day of it and visit several open houses in the same day if possible. Whether you are visiting one or multiple - [Home Buying Process Checklist (PDF) & BONUS House Hunting Checklist!](https://www.torontocommercialproperties.ca/home-buying-process-checklist-and-bonus-house-hunting-checklist/) - The home buying process is different in every state and sometimes even in different coutines and regions! It's tricky, and knowing what to expect can prepare you and set the tone for a smooth buying eperience. After all, buying a home is one of the biggest financial decisions that most people will make in their - [An Outlook On Specialized Sectors That Will Define CRE In 2023](https://www.torontocommercialproperties.ca/an-outlook-on-specialized-sectors-that-will-define-cre-in-2023/) - The year kicked off with a unique landscape for commercial real estate. The market transitioned from the comfort of record-low interest rates to 14-year highs while stronger-than-expected employment data from Statistics Canada in January left central bankers uncertain of their next steps to slow inflation. The reaction of the market adjusting to central bank fiscal - [Canadian Commercial Real Estate Investment Could Reach High Of $59B In 2023](https://www.torontocommercialproperties.ca/canadian-commercial-real-estate-investment-could-reach-high-of-59b-in-2023/) - TORONTO - The outlook for commercial real estate looks “bumpy” in the near term, but CBRE’s 2023 forecast predicts a soft landing could still be in the cards. The Canada Real Estate Market Outlook report, released Tuesday, predicts challenges such as tougher financing conditions and a potential economic slowdown will weigh on investment. The commercial - [Nordstrom Canada Began Liquidation Sales On March 21](https://www.torontocommercialproperties.ca/nordstrom-canada-began-liquidation-sales-on-march-21/) - Nordstrom Canada began liquidation sales on Tuesday March 21, less than three weeks after the company announced it would close all locations across the country. A media spokesperson for the retailer confirmed the date to STOREYS on Monday. According to court documents filed with the Ontario Superior Court of Justice by the monitor, Alvarez & Marsal Canada, the - [What Will Happen to All the Prime Retail Space Nordstrom Leaves Behind?](https://www.torontocommercialproperties.ca/what-will-happen-to-all-the-prime-retail-space-nordstrom-leaves-behind/) - Last week, loyal Nordstrom — and Nordstrom Rack — shoppers in Canada were informed that the retailer would cease operations in the country. The news seemingly came as a collective shock to consumers in Canada’s largest cities (we’re still not okay). On Thursday, the American luxury department store chain announced it would close all 13 of its - [Canadian Сommercial Real Estate Investment Could Reach High Of $59 Billion In 2023: CBRE](https://www.torontocommercialproperties.ca/canadian-сommercial-real-estate-investment-could-reach-high-of-59-billion-in-2023-cbre/) - Expects one to two quarters of slowed investment before activity rebounds in the spring The Canada Real Estate Market Outlook report, released Tuesday, predicts challenges such as tougher financing conditions and a potential economic slowdown will weigh on investment. The commercial real estate company said it expects one to two quarters of slowed investment before - [Canada Computers To Open New HQ And Expand Operations With Stores Across Canada](https://www.torontocommercialproperties.ca/canada-computers-to-open-new-hq-and-expand-operations-with-stores-across-canada/) - Canada Computers & Electronics has plans to open a new headquarters in Richmond Hill and is planning to open stores throughout Canada within the next five years. The new headquarters is going to be over 150,000 square feet and will have everything under one roof. “We have outgrown the location we are in now many years - [2022 Non-Residential Construction Saw Highest Cost Increase in More Than 40 Years](https://www.torontocommercialproperties.ca/2022-non-residential-construction-saw-highest-cost-increase-in-more-than-40-years/) - As inflation grew and interest rates rose in 2022, compounding with the supply chain issues and labour shortages that resulted from the pandemic, the cost of construction grew accordingly, forcing many developers and builders to pause and reassess. Last week, Statistics Canada published new data that quantifies those construction cost increases, and puts what we saw in - [Redevelopment of Hamilton Heritage School Proposes Nearly 1000 New Units](https://www.torontocommercialproperties.ca/redevelopment-of-hamilton-heritage-school-proposes-nearly-1000-new-units/) - New Horizon Development Group has kicked off 2023 with an ambitious redevelopment proposal on the east side of Hamilton that would see the residential conversion of the historic Delta Collegiate Institute (DCI) building, coupled with a site-wide intensification effort. Designed by Graziani + Corazza Architects, the proposal contemplates the construction of three separate mid-rise buildings - [Despite a Rocky Road Ahead, There’s Positive News for Canada’s Commercial Investors](https://www.torontocommercialproperties.ca/despite-a-rocky-road-ahead-theres-positive-news-for-canadas-commercial-investors/) - Canada’s commercial investors can’t catch a break in recent years: if it’s not pandemic restrictions, it’s tougher financing conditions and a potential economic slowdown. A new report from commercial real estate services firm CBRE, however, suggests that there’s room for optimism on Canada’s commercial real estate front. CBRE’s just-released Canadian Real Estate Market Outlook doesn’t deny - [Ontario Moves To Ban Use Of Non-Disclosure Agreements In Real Estate Transactions](https://www.torontocommercialproperties.ca/ontario-moves-to-ban-use-of-non-disclosure-agreements-in-real-estate-transactions/) - Confidentiality clauses, or non-disclosure agreements, are increasingly found in all manner of legal agreements Canadians enter into, but as of April 1, 2023, Ontario real estate professionals will be restricted from using them when settling a dispute with a client. To advocates pushing for an end to the widespread use of non-disclosure agreements (NDAs) the - [An Outlook On Specialized Sectors That Will Define CRE In 2023](https://www.torontocommercialproperties.ca/an-outlook-on-specialized-sectors-that-will-define-cre-in-2023-2/) - The year kicked off with a unique landscape for commercial real estate. The market transitioned from the comfort of record-low interest rates to 14-year highs while stronger-than-expected employment data from Statistics Canada in January left central bankers uncertain of their next steps to slow inflation. The reaction of the market adjusting to central bank fiscal - [Canada's Industrial Sector Still Has Room To Grow: RealCapital Panel](https://www.torontocommercialproperties.ca/canadas-industrial-sector-still-has-room-to-grow-realcapital-panel/) - While there are concerns about potential headwinds, industrial remains the top-performing commercial real estate asset class in Canada. And that's expected to continue according to a three-person panel of executives, who’ve spent considerable time in acquiring, developing and managing industrial real estate, at the Feb. 28 RealCapital conference at the Metro Toronto Convention Centre. The - [UTPro Instant Reports: Retail Grounds Projects in Southwestern Scarborough share](https://www.torontocommercialproperties.ca/utpro-instant-reports-retail-grounds-projects-in-southwestern-scarborough-share/) - UrbanToronto is back with another instalment of our weekly UTPro Instant Report, analyzing the trends of development taking place in the most active nodes of Toronto and the GTA with the help of our UTPro software. Using the MLS Zone Report function, which instantly creates a report containing the key data on every project within - [Canada’s Lodging Industry Made Big Comeback In 2022: C&W](https://www.torontocommercialproperties.ca/canadas-lodging-industry-made-big-comeback-in-2022-cw/) - Canada’s lodging industry rebounded in a big way in 2022 as revenue per available room (RevPAR) increased 91 per cent year-over-year and was 3.5 per cent over 2019’s year-end level, according to a new report from Cushman & Wakefield. “Resorts performed very well through ’21 and ’22,” said Brian Flood, Cushman & Wakefield’s vice-president and - [Crane Goes Up at 400 King West With Excavation Complete](https://www.torontocommercialproperties.ca/crane-goes-up-at-400-king-west-with-excavation-complete/) - It has been nearly four years since Mountain Equipment Coop (MEC) vacated their King Street retail store for Queen Street, leaving the well situated Entertainment District site poised for a significant redevelopment effort. Purchased by Plaza, the developer is now building a 49-storey mixed-use, but mostly residential condo development, 400 King West, on the site. Designed - [UrbanToronto Pro Report Shows Slow Month in Development Applications](https://www.torontocommercialproperties.ca/urbantoronto-pro-report-shows-slow-month-in-development-applications/) - The Toronto planning landscape has seen a dramatic shift from January, 2022 to January, 2023. Between the planned introduction of inclusionary zoning, rising interest rates, falling housing prices, inflation, the introduction of Bill 23, a new City Council, and more, developers had a lot to consider when it came to proposing new projects in the - [Dream, PaulsCorp Invest in CRE Financing Venture Avrio](https://www.torontocommercialproperties.ca/dream-paulscorp-invest-in-cre-financing-venture-avrio/) - Dream Unlimited Corp., along with PaulsCorp LLCand U.S.-based financing veteran Vicky Schiff have partnered to launch Avrio Real Estate Credit, which plans to offer short-term, first mortgage debt and other structured finance products. Those offerings are to include B notes, mezzanine debt and preferred equity for the acquisition, refinancing and recapitalization of commercial real estate - [Canada’s CRE Industry Lags Global Peers on Data Science: Altus](https://www.torontocommercialproperties.ca/canadas-cre-industry-lags-global-peers-on-data-science-altus/) - Canada’s commercial real estate firms lag well behind global peers in adopting, and adapting, data science into their investment strategies, according to Altus Group's The State of Data Science in Commercial Real Estate Investing report. “Ninety-three per cent of Canadian firms use analytics, but only 35 per cent use data science,” Heidi Learner, head of - [ULI Meeting To Bring 5,000 CRE Professionals To Toronto](https://www.torontocommercialproperties.ca/uli-meeting-to-bring-5000-cre-professionals-to-toronto/) - COVID-19 put a halt to Toronto's plans to host the 2020 Urban Land Institute(ULI) Spring Meeting, but it’s now all systems go for ULI Toronto to bring the event to the city May 16 to 18. Close to 5,000 real estate professionals from a wide variety of sectors are expected to attend the ULI Spring - [Office Market Sees First Quarterly Net Rent Decline In Years](https://www.torontocommercialproperties.ca/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 Market Snapshot” report. The overall average asking net rent across the country is $20.37 per square foot. It’s $22.79 downtown and $17.37 in the suburbs. - [W.P. Carey Pays $468M US to Acquire Apotex GTA Properties](https://www.torontocommercialproperties.ca/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 Area operated by Canadian global generic drug giant Apotex Pharmaceutical Holdings Inc. The portfolio represents the majority of Apotex’s global operations, comprising 11 properties which - [More Growth on Way in Ontario's Surging Self-Storage Sector](https://www.torontocommercialproperties.ca/more-growth-on-way-in-ontarios-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 what we're seeing in terms of small dwellings that are being built,” said Greg Martino, vice-president and chief valuation and standards officer for the Municipal - [Canadian Retail Performance Over the Last Two Years Has Been Surprisingly Resilient](https://www.torontocommercialproperties.ca/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, in 2021, Canadian retail sales broke a new record, hitting nearly $700 billion in total sales, according to Statistics Canada figures cited in the Tenant - [Nexus Industrial: $316M in Acquisitions Lined Up so Far in 2023](https://www.torontocommercialproperties.ca/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 it continues to increase the industrial weighting of its portfolio. “It was a tough year in the capital markets on the equity raise, so that - [Hamilton's Waterfront Development Expected to Generate Millions in Tax Revenue — Eventually](https://www.torontocommercialproperties.ca/hamiltons-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, condos and shops is expected to generate millions of dollars in taxes. When the entire West Harbour redevelopment is completed, stretching from Bayfront Park to - [Dollarama Profit Jumps Nearly 19% as High Inflation Drives Canadians to Discount Retailer](https://www.torontocommercialproperties.ca/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 in the fourth quarter, and drove sales growth exceeding the company’s targets. The Montreal-based retailer reported on Wednesday that net earnings grew to $261.3-million or - [Goodwill Planning To Open Dozens Of Stores In Canada As Thrifting Grows](https://www.torontocommercialproperties.ca/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 of thrift shopping. “In the last decade I have seen a change and particularly since Covid as there has been more ethical shopping and people - [Canadian Retail Sales Growth For 2023 Expected To Be ‘Modest’ Following Record-Breaking Numbers Two Years Prior](https://www.torontocommercialproperties.ca/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 and the gap between household debt and savings widening, retailers face a few hurdles, says a new report by Colliers Real Estate Management Services. The - [Office Owners Face Loan Maturity Challenges](https://www.torontocommercialproperties.ca/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 as interest rates rise, the economy slows and demand for office space declines. Office owners with loans maturing in the next three years—totaling more than - [Rents Keep Rising, Demand Stays Strong In GTA Industrial Sector](https://www.torontocommercialproperties.ca/rents-keep-rising-demand-stays-strong-in-gta-industrial-sector/) - Asset values have almost doubled since 2018, Land & Development Conference panel hears Industrial remains the Greater Toronto Area's (GTA) most desirable asset class, given its low availability, strong rent growth and continued appetite for newly developed product. “Five years ago in Q4 2018, rents were seven dollars (per square foot in the GTA),” said Collier's executive - [GTA to See “Significant Oversupply” of Office Space Until at Least 2041](https://www.torontocommercialproperties.ca/gta-to-see-significant-oversupply-of-office-space-until-at-least-2041/) - Dwindling demand for office space in the post-pandemic world has increased the risk that there will be a “significant” oversupply in the Greater Toronto Area until at least 2041. A new report from NAIOP Greater Toronto, prepared by Altus Group, details three hybrid work scenarios — where workers return to the office for two, three, or four - [Hamilton CRE Transactions Slow in Q1 2023](https://www.torontocommercialproperties.ca/hamilton-cre-transactions-slow-in-q1-2023/) - Downtown land deals, development proposals offer interesting look at city's future The first quarter of 2023 is in the books and looks to have been defined and influenced by the impacts of the Bank of Canada’s rapid interest rate hikes which began near the middle of 2022. It's a trend being felt broadly across Canada, according - [Toronto's Office Space Glut Could Persist for 20 Years](https://www.torontocommercialproperties.ca/torontos-office-space-glut-could-persist-for-20-years/) - Altus Group study, commissioned by NAIOP, finds vacancy rates rising across the board The Greater Toronto Area (GTA) is likely to experience an oversupply of office space for the next 20 years, according to an Altus Group Economic Consulting report titled Office Needs and Policy Direction in the GTA. The study was commissioned by the - [HOPA Ports Re-creating Great Lakes Sites for Modern Industry](https://www.torontocommercialproperties.ca/hopa-ports-re-creating-great-lakes-sites-for-modern-industry/) - HOPA Ports and partners are reinventing legacy industrial spaces for modern users. In Hamilton and Niagara, Ontario, two high-profile projects are transforming brownfield spaces and attracting modern industrial users. As cities evolve and economies transform, the adaptive reuse of industrial spaces is a powerful strategy for revitalizing and repurposing outdated facilities. HOPA Ports and partners - [Primaris REIT To Acquire Ivanhoé's Conestoga Mall for $270M](https://www.torontocommercialproperties.ca/primaris-reit-to-acquire-ivanhoes-conestoga-mall-for-270m/) - Primaris REIT has agreed to a “landmark” acquisition of the Conestoga Mall in Waterloo from Ivanhoé Cambridge for $270 million. The 585,000-square-foot regional shopping centre sits on 49.8 acres of land and features a range of major retailers including HBC, Galaxy Cinema, Sport Chek, Indigo and H&M. It is shadow-anchored by a Zehrs food store with direct access to the - [Smartstop Makes $300M GTA Self-Storage Acquisition](https://www.torontocommercialproperties.ca/smartstop-makes-300m-gta-self-storage-acquisition/) - Buys eight facilities across Greater Toronto Area, Burlington and Hamilton SmartStop Self Storage REIT says it has become the fifth-largest self-storage operator in Canada with the $300-million acquisition of eight properties in the Greater Toronto and Hamilton areas. The properties comprise 7,400 units and 758,000 square feet of rentable space. They were acquired by SmartStop’s affiliates - [Allied To Sell $1.35B Toronto Data Centre Portfolio To KDDI](https://www.torontocommercialproperties.ca/allied-to-sell-1-35b-toronto-data-centre-portfolio-to-kddi/) - Allied Properties REIT has announced an all-cash agreement to sell its Toronto-based Canadian data centre portfolio to Japanese telecom firm KDDI Corporation for $1.35 billion. The portfolio includes freehold interests in 151 Front St. W. and 905 King St. W. and a leasehold interest in 250 Front St. W. The agreement comes five months after Allied (AP-UN-T) announced - [Northcrest's New CEO To Head Up Downsview Airport Lands Project](https://www.torontocommercialproperties.ca/northcrests-new-ceo-to-head-up-downsview-airport-lands-project/) - 20-year industry veteran Derek Goring to oversee 370-acre development in northwest Toronto As the new CEO of Northcrest Developments, Derek Goring has stepped into a once-in-a-lifetime opportunity: heading up the transformation of the 370-acre Downsview Airport Lands site in northwest Toronto. Goring assumed the new position on May 30 after serving as Northcrest's executive vice-president of - [Commercial Real Estate To See “Upswing In Demand” As Industrial, Retail Grow](https://www.torontocommercialproperties.ca/commercial-real-estate-to-see-upswing-in-demand-as-industrial-retail-grow/) - Despite ongoing struggles in the office market, Canada’s commercial real estate sector is poised to see an “upswing in demand” as strong industrial and retail markets drive growth. RE/MAX Canada’s 2023 Commercial Property Report, released on Thursday, details the “positive indicators” that emerged in the sector in Q1, even as investment activity remained cautious. Q1 - [Allied Properties Selling Toronto Urban Data Centre Portfolio For Over $1.3B](https://www.torontocommercialproperties.ca/allied-properties-selling-toronto-urban-data-centre-portfolio-for-over-1-3b/) - Allied Properties is selling its urban data centre portfolio in downtown Toronto to a Japanese telecommunications company for more than $1B. Allied Properties Real Estate Investment Trust announced on Wednesday that it has entered into an agreement to sell its network-dense, carrier-neutral urban data centre portfolio to KDDI Corporation for $1.35B, $118M above International Financial Reporting Standards (IFRS) net - [In The Age Of The Hybrid Workplace, Flexible Amenities Attract Employees Back To Office](https://www.torontocommercialproperties.ca/in-the-age-of-the-hybrid-workplace-flexible-amenities-attract-employees-back-to-office/) - Architecture and design firm BDP Quadrangle committed to move to a new office in downtown Toronto in 2019, just a few months before the pandemic lockdown introduced everyone to the alternative universe of working remotely. The timing could have been better, but it proved to be an opportunity. Before the firm moved in last fall, - [Life Sciences Emerges As Investment Sweet Spot In Softening Office Market](https://www.torontocommercialproperties.ca/life-sciences-emerges-as-investment-sweet-spot-in-softening-office-market/) - Record-breaking years of growth in Canada’s life-sciences sector has turbocharged the demand for laboratory real estate in an acutely undersupplied market. These market fundamentals have attracted the attention of investors, who, prior to 2020, had no real presence in a class of real estate traditionally owned by universities and hospitals. “It’s definitely the hot asset - [Flex Office Space: The Next Evolution](https://www.torontocommercialproperties.ca/flex-office-space-the-next-evolution/) - “What is the future of the office?” is a question dominating conversations within commercial real estate and in workplaces across the country. Every company is making decisions on the extent to which their office strategy will evolve with the rise of hybrid work. Among these possible evolutions is the adoption of flex space. Lisa Blacklock, - [Why NYX Capital Sold Its $310M Self-Storage Portfolio](https://www.torontocommercialproperties.ca/why-nyx-capital-sold-its-310m-self-storage-portfolio/) - President and CEO Yashar Fatehi cites economy, market conditions for timing of sale After making Canada’s largest self-storage portfolio sale thus far in 2023, the CEO of NYX Capital Corp. says his company is not completely exiting the sector. NYX, a Toronto-based private equity real estate investment firm with over $1 billion assets under management, - [Office Space Shrinking, But Fit-outs Getting More Expensive](https://www.torontocommercialproperties.ca/office-space-shrinking-but-fit-outs-getting-more-expensive/) - Amenities once considered luxuries are now commonplace "Right-sizing" office space is a trend that shows no sign of abating, especially on the heels of the pandemic and a major shift in employee work habits, a new report from JLL says. Examining more than 700 of its clients’ 3,800 office projects across 58 markets, JLL’s report, - [Mach, Sarees Buy 922,000-sq.ft. Toronto Atria Office Complex](https://www.torontocommercialproperties.ca/mach-sarees-buy-922000-sq-ft-toronto-atria-office-complex/) - Groupe Mach and Sarees Investments have acquired the 922,000-square-foot Atria Complex in North York, at a purchase price that is a fraction of its replacement value, says Mach president Vincent Chiara. “It’s a great asset and great location in North York,” he told RENX, of the buildings at 2225, 2235 and 2255 Sheppard Ave. E. - [As Office Vacancies Rise, Gwlra Puts Big Focus On Amenities](https://www.torontocommercialproperties.ca/as-office-vacancies-rise-gwlra-puts-big-focus-on-amenities/) - Toronto's 33 Yonge St., home to firm's head office, to get new lobby, add 5 new restaurants Toronto’s downtown office vacancy rate exceeds 15 per cent for the first time since 1995, which is pushing building owners to come up with fresh ideas and concepts to retain existing tenants and attract new ones. GWL Realty - [Gairloch Returns To Leaside For 1802 Bayview Multires Tower](https://www.torontocommercialproperties.ca/gairloch-returns-to-leaside-for-1802-bayview-multires-tower/) - Joint venture with Harlo Capital is Toronto developer's fourth project in neighbourhood Gairloch Developments just unveiled its fourth condominium project in Leaside, a Toronto neighbourhood the company's founder and president told RENX is the city’s next real estate hotspot. The lynchpin is the coming Leaside LRT Station, part of an under-construction light rail transit corridor that - [Bmo Buys 3-building Ontario Industrial Portfolio From Morguard](https://www.torontocommercialproperties.ca/bmo-buys-3-building-ontario-industrial-portfolio-from-morguard/) - Properties span over 362,000 square feet in Brampton, Burlington in GTA region BMO Life Assurance has acquired a three-building industrial portfolio in Brampton and Burlington from Morguard, its latest move into acquiring real estate assets which it will wholly own. Winton Realty Advisors president Keith Jameson advised BMO on the transaction, which was brokered by - [Carbon Tax Hikes Could Mean Tough Decisions For Some Office Owners](https://www.torontocommercialproperties.ca/carbon-tax-hikes-could-mean-tough-decisions-for-some-office-owners/) - The federally regulated carbon tax is slated to reach $170 per tonne in 2030 Canada's carbon tax could force some office owners to sell assets rather than undertake costly retrofits that could affect the financial viability of their buildings. “The question owners ask themselves, and not just for retrofits but with any kind of capital - [Ontario Court of Appeal Provides Guidance On Transfer Of Commercial Leases](https://www.torontocommercialproperties.ca/ontario-court-of-appeal-provides-guidance-on-transfer-of-commercial-leases/) - In a decision from Ontario’s highest court, it was held that a landlord cannot arbitrarily refuse to allow a commercial tenant to assign its lease. In coming to its ruling, the court looked at the applicable facts and information provided to the landlord at the time of refusal to determine whether a landlord’s refusal to - [All-Industrial Redevelopment Of Buttonville Airport Proposed](https://www.torontocommercialproperties.ca/all-industrial-redevelopment-of-buttonville-airport-proposed/) - Buttonville Municipal Airport in Markham, Ont., will close at the end of November and a recent proposal from owner Cadillac Fairview plans to replace it with a 2.78-million-square-foot industrial development. A 2011 submission for a 10-million-square-foot mixed-use development including office, retail, hotel, entertainment, public use and residential space that would have accommodated up to 7,000 residents and - [Canada’s Industrial Market Is Slowing, But Remains Strong](https://www.torontocommercialproperties.ca/canadas-industrial-market-is-slowing-but-remains-strong/) - As the market softens, tenants may have an opportunity to negotiate lower rents Canada’s national industrial real estate vacancy rate rose for the third consecutive quarter to 1.9 per cent, according to JLL's Canada industrial insights, and rents have started to stabilize. That doesn’t mean the industrial market is in trouble, but moderating demand from historic highs - [Canadian Developers Slow To Adopt Construction Technology](https://www.torontocommercialproperties.ca/canadian-developers-slow-to-adopt-construction-technology/) - As Canada’s construction sector faces a shortage of skilled workers and tradespeople, some insiders predict that digital technology will fill the gap – but a new report shows that worksites have been slow to adapt. A survey of 275 companies by KPMG Canada found that while Canadian property developers are keen on new digital construction - [Commercial Building Codes Lack Strong Wildfire-management Provisions, Indoor Air Quality Controls, Says Expert](https://www.torontocommercialproperties.ca/commercial-building-codes-lack-strong-wildfire-management-provisions-indoor-air-quality-controls-says-expert/) - Amid a fire season that has seen a record number of blazes, wildfires and poor air quality are top-of-mind concerns for commercial property developers, industry insiders say. The fires have burned an unprecedented amount of land from coast to coast in Canada, entering communities not typically in harm’s way, such as the outskirts of Halifax, and triggering air - [Resilient Canadian Retail Market Beats Recession Odds](https://www.torontocommercialproperties.ca/resilient-canadian-retail-market-beats-recession-odds/) - Despite recession predictions, retail continues its strong post-pandemic growth into 2023, says a new report by commercial real estate firm Colliers. The consumer appears resilient, with higher savings rates than pre-pandemic, and a huge demand for travel, hospitality, and entertainment. Favourable demographics, particularly strong population growth compared to other developed countries, continues to act as a - [Office Developments Pivoting To Lab Space As Demand Dwindles](https://www.torontocommercialproperties.ca/office-developments-pivoting-to-lab-space-as-demand-dwindles/) - As demand for office space declines, developers are repurposing planned construction projects and to cater to the life sciences sector. As demand for office space dwindles, some developers are deviating on planned projects and instead opting to cater construction to the life sciences sector. The emerging trend is detailed in Avison Young's Greater Toronto Office Market - ['Worst Is Over': Downtown Office Vacancy Rates Showing Signs Of Improvement](https://www.torontocommercialproperties.ca/worst-is-over-downtown-office-vacancy-rates-showing-signs-of-improvement/) - Suburban office markets are continuing to show lower vacancy rates than downtown areas, Colliers says Suburban office markets are continuing to show lower vacancy rates than downtown areas, where a substantial increase in new office supply has been pushing vacancies higher. According to Colliers Canada’s latest National Market Snapshot, 93 per cent of new office supply this - [Commercial Real Estate Investors Risk Painful Losses In Post-Covid World](https://www.torontocommercialproperties.ca/commercial-real-estate-investors-risk-painful-losses-in-post-covid-world/) - Commercial real estate investors and lenders are slowly confronting an ugly question - if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar? Rising interest rates, stubborn inflation and squally economic conditions are familiar foes to - [Fiera, Berkshire Axis Jv On 10th Industrial Project In GTA](https://www.torontocommercialproperties.ca/fiera-berkshire-axis-jv-on-10th-industrial-project-in-gta/) - Fiera Real Estate and Berkshire Axis Development have completed their 10th partnership deal with the acquisition of 19 acres of industrial land in the Greater Toronto Area (GTA) city of Brampton. The partners acquired the development land from DG Group for $53 million on July 4. The site, which was marketed by Lennard Commercial Realty - [Land Prices Escalate As Housing, Retail/commercial And Industrial Uses Arrive To Support Vw Gigafactory](https://www.torontocommercialproperties.ca/land-prices-escalate-as-housing-retail-commercial-and-industrial-uses-arrive-to-support-vw-gigafactory/) - Activity in the Greater Golden Horseshoe’s industrial sector has decelerated amid economic headwinds, but St. Thomas isn’t just bucking the trend, it’s on the cusp of a boom. Since Volkswagen’s announcement in late April that St. Thomas will play host to its electrical vehicle "gigafactory" battery plant, which will create an estimated 3,000 direct jobs - [The Largest Mall In London, Ont., Could Undergo A Transformation Over The Next Few Years](https://www.torontocommercialproperties.ca/the-largest-mall-in-london-ont-could-undergo-a-transformation-over-the-next-few-years/) - The largest mall in London, Ont., could undergo a transformation over the next few years after being acquired by local company Westdell Development Corporation in an off-market deal with BentallGreenOak. JLL’s Nick Macoritto and Matthew Smith approached Westdell and brokered the transaction involving the 50-year-old, 700,000-square-foot White Oaks Mall. Financial details haven't been disclosed. The enclosed shopping centre sits - [Retail REITs Focused On Grocery-Anchored Centers Close $1.4B Merger](https://www.torontocommercialproperties.ca/retail-reits-focused-on-grocery-anchored-centers-close-1-4b-merger/) - Regency Centers Corp. on Friday completed its acquisition of Urstadt Biddle Properties in a $1.4B all-stock transaction. The previously announced deal will merge the two REITs’ portfolios of shopping centers, which are largely grocery-anchored. The combined company has a pro forma market capitalization of more than $11B and a total enterprise value of $16B, according - [Higher Interest Rates Continue To Dampen Enthusiasm For Commercial Real Estate](https://www.torontocommercialproperties.ca/higher-interest-rates-continue-to-dampen-enthusiasm-for-commercial-real-estate/) - Higher interest rates continue to dampen enthusiasm for commercial real estate, both CBRE and Colliers note in second-quarter reports exploring cap rates and market conditions for different asset classes and markets across Canada. Cap rates continued to trend higher across most major asset classes, with the national average all properties yield rising 16 basis points quarter-over-quarter to 6.28 per - [Toronto Street-front Retail Leasing Activity Picks Up](https://www.torontocommercialproperties.ca/toronto-street-front-retail-leasing-activity-picks-up/) - A rejuvenation in Toronto's downtown retail sector has led to a leasing milestone – availability has fallen below 10 per cent, according to JLL. Toronto’s Q2 urban retail availability rate of 9.65 per cent was a 14-quarter low, while the average annual asking rent of $95.49 per square foot was a 14-quarter high, according to - [Canada's Evolving Office Market: Navigating Trends, Challenges In 2023](https://www.torontocommercialproperties.ca/canadas-evolving-office-market-navigating-trends-challenges-in-2023/) - In the latter half of 2023, the narrative around Canada’s office market has continued to evolve. Trends emerging in this dynamic landscape are influenced by stronger-than-expected labour statistics, remote work proof-of-concept, inflation and increasing interest rates, and the Great Resignation of 2021. These are among several factors shaping the trajectory of office tenancy. Shifting lease dynamics - [Challenges Abound, But Retail Reits, Owners Drive Business Forward](https://www.torontocommercialproperties.ca/challenges-abound-but-retail-reits-owners-drive-business-forward/) - New development and intensification, focus on needs-based anchor tenants key to growth strategies Bricks-and-mortar retail has performed better than many expected after lockdowns, increased online shopping and other challenges brought on in recent years by the pandemic and ensuing economic uncertainty. A panel discussion moderated by National Bank Financial director and real estate research analyst Tal Woolley - [Stack Infrastructure Inc. Has Completed The First Phase Of Its 56-megawatt Flagship Toronto Campus](https://www.torontocommercialproperties.ca/stack-infrastructure-inc-has-completed-the-first-phase-of-its-56-megawatt-flagship-toronto-campus/) - The initial development at the 20-acre campus features an eight-megawatt data centre with 48 megawatts of planned expansion capacity. The campus is located at 3950 Danforth Ave. on a site formerly owned and occupied for decades by pharmaceutical company Eli Lilly. “In a market that continues to see a high absorption rate for data centre - [Bankrupt Trucking Company Yellow Agrees To Sell Its Real Estate To Rival For $1.3B](https://www.torontocommercialproperties.ca/bankrupt-trucking-company-yellow-agrees-to-sell-its-real-estate-to-rival-for-1-3b/) - Estes Express Lines has agreed to acquire the real estate of bankrupt trucking company Yellow for at least $1.3B. The portfolio includes more than 160 truck terminals, a kind of property that is rarely traded, according to The Wall Street Journal. Since Yellow is currently in Chapter 11 bankruptcy, which will result in its ultimate - [Canadian Retail Rent Survey Reveals Mixed Results and Optimism Amidst Economic Challenges](https://www.torontocommercialproperties.ca/canadian-retail-rent-survey-reveals-mixed-results-and-optimism-amidst-economic-challenges/) - The Canadian retail landscape experienced positive but mixed results in the first half of the year, with stronger performance being reported in select formats or nodes, according to the CBRE’s H1 2023 Retail Rent Survey. “The current economic climate, inflation and elevated interest rates have paused leasing activity amongst some retailers, but not all. The most - [Coppley Building Restoration Enhances Hamilton’s Historic Downtown Landscape](https://www.torontocommercialproperties.ca/coppley-building-restoration-enhances-hamiltons-historic-downtown-landscape/) - Mazyar Mortazavi loves to quote urban theorist Jane Jacobs, who in her landmark book The Death and Life of Great American Cities remarked: “Old ideas can sometimes use new buildings. New ideas must use old buildings.” As chief executive officer of Toronto-based real estate developer TAS, these eight words, penned more than 60 years ago, guide Mr. - [Oshawa Distribution Centre To Be Lactalis's Largest Globally](https://www.torontocommercialproperties.ca/oshawa-distribution-centre-to-be-lactaliss-largest-globally/) - Broccolini will develop, build, own and property manage a 379,000-square-foot distribution centre for Lactalis Canada Inc. in Oshawa. The project at 1680 Thornton Rd. N., part of the growing Northwood Business Park, has broken ground and is scheduled to open in late 2024. Lactalis Canada is a subsidiary of France-based Lactalis Group and is behind such dairy brands as Cracker Barrel, - [Million-Square-Foot Ontario Industrial Portfolio For Sale](https://www.torontocommercialproperties.ca/million-square-foot-ontario-industrial-portfolio-for-sale/) - Eight properties spread across the Greater Toronto Area being marketed by RBC, CBRE CanFirst Capital Management has put eight Ontario logistics and industrial assets totalling 1.05 million square feet on the market through RBC Capital Markets Real Estate Group and CBRE. The properties are in key transportation corridors near 400-series highways, and in close proximity - [RioCan, Allied Announce Retail Tenants Coming To The Well](https://www.torontocommercialproperties.ca/riocan-allied-announce-retail-tenants-coming-to-the-well/) - The joint venture partners unveiled the initial roster of retail on Friday, and said that retail tenants from Structube to Sephora are expected to “physically open in phases” through 2023 and into 2024. Ten years after construction kicked off at The Well — a 7.75-acre mixed-use development coming to Toronto’s King West district — RioCan - [Toronto Restaurant Real Estate Putting A Squeeze On Owners](https://www.torontocommercialproperties.ca/toronto-restaurant-real-estate-putting-a-squeeze-on-owners/) - With today’s climate of sky-high interest rates, pricey lease costs and lingering pandemic recovery, being a Toronto bar or restaurant owner isn’t for the financially faint of heart. Running a restaurant in Toronto is no easy feat – it never has been. Add today’s climate of sky-high interest rates, pricey lease costs and lingering pandemic - [Feel Like Toronto Has Way More Cranes Than It Used To? That's Because They've Doubled](https://www.torontocommercialproperties.ca/feel-like-toronto-has-way-more-cranes-than-it-used-to-thats-because-theyve-doubled/) - Toronto once again has, by far, the most cranes out of any city in North America, according to a new report. Whether you're for it or against it, every Torontonian can agree it feels like there's now a new towering development going up on every block. As it turns out, that sense of increased high-rise - [Transforming Office Buildings To Livable Space](https://www.torontocommercialproperties.ca/transforming-office-buildings-to-livable-space/) - Key considerations for office-to-residential and office-to-hotel conversions. The pandemic was been a key driver for reimagining our relationship with the built environment and is presenting new opportunities across portfolios and sectors. With a surplus of office space resulting from evolving workplace strategies, owners in conjunction with teams of developers, city planners, architects and engineers are - [Some of Canada's Top CRE Execs Examine Industry Trends](https://www.torontocommercialproperties.ca/some-of-canadas-top-cre-execs-examine-industry-trends/) - Industrial and office portfolios While Diamond said the rapid industrial rent escalations of the past five years weren’t sustainable, the sector still offers good margins. He doesn’t believe there will be a major slowdown with the asset class. Developers can still profitably build industrial facilities as long as their land costs are reasonable, according to - [Commercial Title Insurance: How Are You Managing Risk?](https://www.torontocommercialproperties.ca/commercial-title-insurance-how-are-you-managing-risk/) - Title insurance protects you and your portfolio from the hard-to-anticipate risks present on every property. As a successful commercial real estate investor, you know how to assess and manage your risk as you grow your portfolio. But not all risks on a deal are apparent. Every transaction comes with unknowns, and those unknowns can come - [Slate Prepares to Launch Steelport, Corktown in Hamilton](https://www.torontocommercialproperties.ca/slate-rrepares-to-launch-steelport-corktown-in-hamilton/) - Corktown to comprise 2 condo towers; Steelport a huge 800-acre industrial development Slate Asset Management is bullish on the Hamilton market as it launches two major projects in the city – the two-tower Corktown condos and its 800-acre Steelport industrial development. Corktown is Slate’s vision for a design-forward residential 27-storey tower and 14-storey mid-rise, with retail - [Investors Seek Retail Centres in Emerging Markets With Opportunities To Densify](https://www.torontocommercialproperties.ca/investors-seek-retail-centres-in-emerging-markets-with-opportunities-to-densify/) - Retail Investors Favour Secondary Markets Near Toronto With retail properties performing well in the Greater Golden Horseshoe, investors bet on two malls in emerging urban centres with plans to densify. The sale of two super regional malls — Conestoga Mall in Waterloo and White Oaks in London, Ontario — signals confidence in outer retail markets near Toronto. In recent - [Construction Supplier Buys Facility in the Vaughn Industrial Park](https://www.torontocommercialproperties.ca/construction-supplier-buys-facility-in-the-vaughn-industrial-park/) - Oxford Properties Group Sold Building on Royal Group Crescent to Newmar Alpa Lumber Group for $81.5 Million Alpa Lumber Group, one of the largest suppliers and manufacturers of construction products distributed across Canada and within the United States, accomplished a rare feat by acquiring a 281,265-square-foot industrial building in Oxford Properties' Vaughan Industrial Park for - [First Gulf Breaks Ground on New Logistics Hub in Whitby, Ontario](https://www.torontocommercialproperties.ca/first-gulf-breaks-ground-on-new-logistics-hub-in-whitby-ontario/) - Hopkins Logistics Hub To Add Nearly 300,000 Square feet of Distribution Space in the Durham Region First Gulf Corp. announced it has begun construction on the Hopkins Logistics Hub, a nearly 300,000-square-foot warehouse facility located at 901 Hopkins St. in Whitby, Ontario, scheduled for delivery in July 2024. Developer First Gulf and Nicola Wealth Real - [Subsidiary of Estonia and Latvia Developer Makes Second Investment in Canada](https://www.torontocommercialproperties.ca/subsidiary-of-estonia-and-latvia-developer-makes-second-investment-in-canada/) - Hepsor Expands Development Pipeline in Toronto With Downtown Purchase An Ontario developer with roots in Estonia and Latvia is making its second investment in the Canadian real estate market and has two additional deals on the horizon. Hepsor SPV I Ltd., an Ontario-based subsidiary of Hepsor AS, said it purchased an assembly of three properties - [Blackstone's Americas Real Estate Division Bets on Canada. Here's Why.](https://www.torontocommercialproperties.ca/blackstones-americas-real-estate-division-bets-on-canada-heres-why/) - New York-Based Asset Manager Could Seek To Tap Population Growth With Multifamily The head of Blackstone's real estate group in the Americas says Canada's growing population has the world's largest alternative asset manager looking to step up investments in the country's logistics and residential property. Blackstone, with more than US$1 trillion in assets, has opened - [One of Toronto's Oldest Landmarks to Be Converted to Residential Rental Units](https://www.torontocommercialproperties.ca/one-of-torontos-oldest-landmarks-to-be-converted-to-residential-rental-units/) - Redevelopment Plans of the Palace Arms Hotel Aimed at Conserving Heritage The Palace Arms, one of Toronto's oldest hotels, is being redeveloped into a rental building on the city's downtown west side. Greenwin, one of Ontario's largest privately owned, full-service property management and development firms with 22,000 residential units, and Intentional Capital have formed a - [Builders Snap Up Aging YMCA Properties for Redevelopment](https://www.torontocommercialproperties.ca/builders-snap-up-aging-ymca-properties-for-redevelopment/) - Old Structures, Remote Work, Home Fitness Create a Challenge Since the first visitor walked into North America's maiden YMCA in 1851, millions of people have flocked to the charitable organization to work out or take a swim. But the facilities are now also attracting interest from real estate developers acquiring many of the properties they - [Former Nordstrom Rack Location in Toronto Snapped Up by Altea Active](https://www.torontocommercialproperties.ca/former-nordstrom-rack-location-in-toronto-snapped-up-by-altea-active/) - Lifestyle Fitness Company Plans to Introduce a New Brand to the Market First Capital REIT has secured a new tenant for one of the most prominent retail locations in Toronto following Nordstrom's exit from Canada earlier this year. Lifestyle brand Altea Active, which focuses on fitness, wellness and social amenities and services, has agreed to - [Here's Why Experiential Retail May Not Always Be That Great for Landlords](https://www.torontocommercialproperties.ca/heres-why-experiential-retail-may-not-always-be-that-great-for-landlords/) - Entertainment Tenants Don't Bring Foot Traffic to Other Retailers in a Mall, Owner Says Experiential real estate is a buzzword for getting shoppers to visit malls, but an executive for a major North American retail landlord said those types of tenants that offer customers something to do are not necessarily his company's first choice. Darryl - [What Do Your Tenants, Users Want?](https://www.torontocommercialproperties.ca/what-do-your-tenants-users-want/) - In a Canadian commercial real estate market facing bearish conditions across most asset classes, any advantage that can improve asset performance becomes increasingly essential to withstand the economic challenges. The CRE industry is typically awash in data, but the extent to which that data is leveraged by asset owners has not always kept pace, especially - [Burlington Pilot Project Uses Ai To Accelerate Permitting Process](https://www.torontocommercialproperties.ca/burlington-pilot-project-uses-ai-to-accelerate-permitting-process/) - A pilot project is winding down in Burlington, Ont. that accelerates the permitting process for industrial and commercial buildings. By using AI technology, the platform digitizes the rules in Burlington’s zoning bylaws relating to such aforementioned projects. City of Burlington executive director of digital services and chief information officer Chad MacDonald explains the pilot is - [Upswing in Toronto Office Leasing in Q3](https://www.torontocommercialproperties.ca/upswing-in-toronto-office-leasing-in-q3/) - Downtown Toronto saw an upswing in leasing activity in the third quarter despite economic headwinds, Jones Lang LaSalle (JLL) has reported. JLL’s Office Insight report for Q3 found the total vacancy rate in Downtown Toronto hit a peak of 15 per cent in the quarter. This was primarily due to significant amounts of Class C - [Imco New 16 York Headquarters Consolidates Staff From 3 Gta Locations Into 3 Storeys And 66,000 Square Feet](https://www.torontocommercialproperties.ca/imco-new-16-york-headquarters-consolidates-staff-from-3-gta-locations-into-3-storeys-and-66000-square-feet/) - Employers are gradually mandating workers back to their offices, but not without first inducing them with progressive spaces. Count the Investment Management Corporation of Ontario (IMCO) among a cadre of established corporations in the Greater Toronto Area that have used the pandemic-induced office furloughs of the past few years to reimagine the office experience. IMCO has consolidated - [Skyline Industrial Acquires New Quebec, Ontario Properties](https://www.torontocommercialproperties.ca/skyline-industrial-acquires-new-quebec-ontario-properties/) - Skyline Industrial REIT has acquired two newly constructed assets in Quebec and Ontario as it continues to increase its weighting in more modern properties across Canada. “We're being selective as we acquire assets right now,” president Mike Bonneveld told RENX, “but I think we're one of the few groups that's actively out there looking for assets.” - [Top Property Sales Recognized for Greater Toronto](https://www.torontocommercialproperties.ca/top-industrial-leases-recognized-for-toronto/) - The sale of a portfolio of data centers handled by CBRE and Scotiabank and an office disposition arranged by Cushman & Wakefield are among the top third-quarter property sales recognized by CoStar. As big-ticket items involving sizable investments, commercial property transactions often have a wider impact within the local community. CoStar recognized the largest deals - [Pricing Uncertainty Rules CRE Markets](https://www.torontocommercialproperties.ca/pricing-uncertainty-rules-cre-markets/) - Uncertainty about asset prices is expected to remain a key factor limiting transaction volumes, while deals that do proceed will likely be smaller as large investors pull back from the market and less capital is available for real estate acquisitions. That was one of the major observations featured in PwC and Urban Land Institute’s just-released 2024 Emerging Trends in - [Top Industrial Leases Recognized for Toronto](https://www.torontocommercialproperties.ca/top-industrial-leases-recognized-for-toronto-2/) - Prominent industrial leases signed by Lactalis Canada, The ProLift Rigging Company Canada and Stage Windows and Doors negotiated by top dealmakers from CBRE and Colliers are among the third-quarter industrial leases recognized by CoStar. As big-ticket items involving sizable investments, commercial property transactions often have a wider impact within the community. CoStar will recognize the - [Falling Construction Prices Don’t Translate Into Warehouse Oversupply](https://www.torontocommercialproperties.ca/falling-construction-prices-dont-translate-into-warehouse-oversupply/) - Higher Rates, Slower Economic Outlook Keeps Supply Growth in Check The spike in demand for modern logistics space in recent years has led to more projects breaking ground. Yet the new supply pipeline remains disciplined. In fact, under-construction projects as a percentage of inventory have declined in 2023 relative to last year. This decline occurred - [Top Office Leases Recognized for Greater Toronto](https://www.torontocommercialproperties.ca/top-office-leases-recognized-for-greater-toronto/) - Prominent office leases signed by Celestica, H.H. Angus and Payment Solutions Providers Services negotiated by top dealmakers from Metrus Properties are among the third-quarter office leases recognized by CoStar. As big-ticket items involving sizable investments, commercial property transactions often have a wider impact within the community. CoStar will recognize the largest leases completed each quarter - [Two of Canada's Largest Retail REITs Report Supply Crunch Amid Rising Construction Costs](https://www.torontocommercialproperties.ca/two-of-canadas-largest-retail-reits-report-supply-crunch-amid-rising-construction-costs/) - Higher interest rates are top of mind for two of Canada's largest retail REITs reporting earnings this month, with both RioCan and First Capital saying they expect those costs will keep the supply of available retail space tight. Toronto-based RioCan, Canada's oldest real estate investment trust with a portfolio of 200 buildings across the country, told - [Top Retail Leases Recognized for Toronto](https://www.torontocommercialproperties.ca/top-retail-leases-recognized-for-toronto/) - Prominent retail leases signed by SportChek, Home Société and A Plus Sport negotiated by top dealmakers from SmartCentres Real Estate Investment Trust, First Gulf, CBRE and MQ Real Estate Team are among the third-quarter retail leases recognized by CoStar. As big-ticket items involving sizable investments, commercial property transactions often have a wider impact within the - [Top Sales and Leases Recognized in Canada](https://www.torontocommercialproperties.ca/top-sales-and-leases-recognized-in-canada/) - The $1.35 billion sale of three urban data centres in Toronto by publicly traded Allied Properties Real Estate Investment Trust was Canada's largest real estate transaction during the third quarter, making it one of the top deals recognized in the latest CoStar Power Broker quarterly awards. The Toronto-based landlord said the sale of the locations - [Canadian Office Trends Suggest Some Difficulties in 2024](https://www.torontocommercialproperties.ca/canadian-office-trends-suggest-some-difficulties-in-2024/) - Like its southern neighbour, Canada’s office sector is confronted with several trends that are likely to shape occupancy patterns in 2024 and beyond. These trends include the staying power of hybrid workplace strategies and weakening office sector employment growth, which are both combining to weigh on leasing fundamentals already. In addition, Canada’s office buildings under construction as - [Slate Office REIT Cuts Distribution To Improve Liquidity](https://www.torontocommercialproperties.ca/slate-office-reit-cuts-distribution-to-improve-liquidity/) - Toronto-based Slate Office REIT, which has holdings in Canada and Chicago, has become the latest publicly traded real estate investment trust to ditch its distribution to improve liquidity issues. The REIT, which is dealing with an occupancy level of 78.6% across its portfolio, said the decision to eliminate the distribution gives Slate an additional CA$10.2 - [Why Toronto's Office Sector May Be Less at Risk Than New York City's](https://www.torontocommercialproperties.ca/why-torontos-office-sector-may-be-less-at-risk-than-new-york-citys/) - Hybrid work has negatively affected the office leasing business across North America, including in Toronto and New York, the largest office markets in both Canada and the U.S., respectively. However, Toronto is dominated by well-capitalized institutional owners who are better able to withstand market corrections relative to other property owner types, such as developers, who - [Toronto REIT Announces Major Mall Deal in One of Canada's Fastest-Growing Markets](https://www.torontocommercialproperties.ca/toronto-reit-announces-major-mall-deal-in-one-of-canadas-fastest-growing-markets/) - Toronto-based Primaris Real Estate Investment Trust has agreed to acquire two Halifax shopping facilities in a $370 million deal, the second major announced transaction of 2023. The REIT, which started publicly trading just under two years ago, will have a proforma portfolio of 37 properties, or 12.5 million square feet, valued at approximately $3.9 billion, with deals - [Property Professionals Prepare for More of the Same in 2024](https://www.torontocommercialproperties.ca/property-professionals-prepare-for-more-of-the-same-in-2024/) - The real estate business in 2024 is likely to look familiar to those dealing with the dearth of deals in 2023, property professionals say. PwC's "Emerging Trends in Canadian Real Estate," released this month at the Urban Land Institute's annual trends program, paints a picture of uncertainty still driving the market. "This was a very - [Five-Star Office Space Outperforms Other Classes in Downtown Toronto](https://www.torontocommercialproperties.ca/five-star-office-space-outperforms-other-classes-in-downtown-toronto/) - Office vacancy rates in Toronto’s downtown show that all office has been affected by the rise in hybrid-work policies. However, five-star office buildings, with the amenities and accoutrements that make their spaces stand out, are faring significantly better than somewhat older, but still high-quality four-star buildings. The divergence in performance has accelerated since the start - [Federal Government Announces Over $230 Million In Financing For New Rental Homes In Toronto](https://www.torontocommercialproperties.ca/federal-government-announces-over-230-million-in-financing-for-new-rental-homes-in-toronto/) - TORONTO, Jan. 16, 2024 /CNW/ - Today, the federal government announced $235.9 million to build 494 rental apartments in Toronto. The funding will come as fully repayable low-interest loans through the Apartment Construction Loan Program. The announcement was made by Yvan Baker, Member of Parliament for Etobicoke Centre, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, - [Office Tenants Have Upper Hand Amid Glut Of Available Space Across Canada](https://www.torontocommercialproperties.ca/office-tenants-have-upper-hand-amid-glut-of-available-space-across-canada/) - Canadian office tenants have the upper hand when it comes to negotiating with their landlords heading into 2024 after a year in which availability rates stabilized at elevated levels. According to a new report from Altus Group Ltd., Canada’s national office availability rate remained steady at 17.6 per cent in the fourth quarter of 2023, with - [Rexall Pharmacy Chain Put Up For Sale As American Owner Rethinks Canadian Footprint](https://www.torontocommercialproperties.ca/rexall-pharmacy-chain-put-up-for-sale-as-american-owner-rethinks-canadian-footprint/) - Rexall’s American owner is shopping the pharmacy chain to prospective buyers, according to sources, as McKesson Corp. reconsiders its Canadian footprint after a 15-year expansion. Texas-based McKesson Corp. is a distribution giant for the pharmaceutical industry, and the company took a particular interest in Canada starting around 2008. Initially, McKesson Corp. expanded by acquiring independently - [National Downtown Office Vacancy Rate Hits All-Time High](https://www.torontocommercialproperties.ca/national-downtown-office-vacancy-rate-hits-all-time-high/) - Vacancy has surged in downtown office markets across the country as more new buildings are completed and companies deal with cost cuts as well as combinations of at-home and in-office work. The real estate company said Toronto offices drove the national downtown vacancy rate to a record high of 19.4% in the fourth quarter, according - [Foreign Buyers Dominate GTA, GGH Top-10 Cre Transactions Of 2023](https://www.torontocommercialproperties.ca/foreign-buyers-dominate-gta-ggh-top-10-cre-transactions-of-2023/) - Overall commercial real estate dollar values drop from pre-pandemic highs, buyer trend shifts Commercial real estate investment volume fell to a combined $28.5 billion in the Greater Toronto and Greater Golden Horseshoe regions from a historic high of $41.2 billion in 2022, according to Altus Group data. There was also a significant geographic shift in companies which - [Canada's CRE Transactions Fell To $50.8b In 2023: Here Are The Top-15](https://www.torontocommercialproperties.ca/canadas-cre-transactions-fell-to-50-8b-in-2023-here-are-the-top-15/) - International buyers accounted for over half the largest commercial real estate sales: Altus Group Overall commercial real estate investment in Canada was down by 35 per cent in 2023 versus 2022, the most significant percentage drop since the first year of the pandemic, according to data from Altus Group. Canadian transactions declined from $79 billion in - [Industrial CRE: 'Darling Asset Class' Remains A Good Investment](https://www.torontocommercialproperties.ca/industrial-cre-darling-asset-class-remains-a-good-investment/) - While the Canadian industrial real estate market has slowed a bit after several years of remarkable growth, it remains a favoured asset class for investors. Colliers vice-chairman Gord Cook moderated a four-person panel that considered the state of the market and where it’s going during the recent Real Estate Forum at the Metro Toronto Convention Centre. “Industrial has obviously - [Guelph's Hanlon Creek Business Park Phase 2 Сompleted, Leased](https://www.torontocommercialproperties.ca/guelphs-hanlon-creek-business-park-phase-2-сompleted-leased/) - Cooper Construction and its partners have completed the construction, development and lease-up of Phase 2 of the Hanlon Creek Business Park (HCBP) in the south end of Guelph, Ont. This second phase of Hanlon Creek encompasses 1.9 million square feet of class-A industrial and corporate office buildings on a 140-acre site adjacent to the Hanlon Expressway. - [Morguard Closes On Sale Of 14 E. Canadian Hotels For $410m](https://www.torontocommercialproperties.ca/morguard-closes-on-sale-of-14-e-canadian-hotels-for-410m/) - UPDATED WITH SALE CLOSING: Morguard Corp. has sold a portfolio of 14 hotels in eastern Canada for $410 million. Morguard stated the move aligns with its “commitment to optimize its real estate portfolio, focusing on core real estate investments, including office, industrial, retail, and multi-suite residential properties.” Morguard did not originally divulge the buyer, but InnVest Hotels - [Rosefellow To Build Spec Industrial In Toronto, Plans U.S. Expansion](https://www.torontocommercialproperties.ca/rosefellow-to-build-spec-industrial-in-toronto-plans-u-s-expansion/) - Montreal developer says it also has 4.3M sq. ft. of development under way, or set to begin Montreal-based developer Rosefellow says it is set to build its first industrial development on spec in the Greater Toronto Area. Rosefellow co-CEO Mike Jager says the developer will finalize its acquisition this quarter of a site in Mississauga near Pearson - [Beeches Proposes New Life Sciences Development In Toronto](https://www.torontocommercialproperties.ca/beeches-proposes-new-life-sciences-development-in-toronto/) - Developer pivots Wicksteed Ave., site from its original plan to build office space A proposed mass timber-constructed office development in Toronto’s Leaside area has shifted focus; Beeches Development is now seeking to add much-needed biomedical laboratory space with its new building. “We originally designed a project that was going to be a really exciting, modern - [Canada's Largest Owner Of Retirement Homes Has A New Look](https://www.torontocommercialproperties.ca/canadas-largest-owner-of-retirement-homes-has-a-new-look/) - Megadeal Saw Retirement Home Giants Divide Canadian Portfolio Canada's largest owner of retirement homes has a new look after Chartwell Retirement Residences' Chief Executive Officer Vlad Volodarski engineered a deal with Toledo, Ohio-based Welltower that involves 40 retirement homes across Canada. Chartwell’s CEO sat down with U.S.-based retirement home giant Welltower last year to take - [UK Sandwich Chain Looks to Take a Slice of Canadian Market](https://www.torontocommercialproperties.ca/uk-sandwich-chain-looks-to-take-a-slice-of-canadian-market/) - Pret A Manger Opens First Permanent Location in Toronto United Kingdom sandwich and organic coffee chain Pret A Manger is opening its first location in Canada in downtown Toronto. The chain, which began in London in 1986 and now has 600 shops worldwide in 16 international markets, opened its doors on Jan. 23 but is - [Quebec Developer Enters Ontario With Industrial Project in Hamilton](https://www.torontocommercialproperties.ca/quebec-developer-enters-ontario-with-industrial-project-in-hamilton/) - OleaDev’s LinkSix Project Comes After Firm Completed Biggest On-Spec Warehouse in Quebec Building industrial property in the province of Ontario while doing the same in Quebec might lead a developer to compare the degree of difficulty in each region. So which of Ontario and Quebec offers developers a faster runway to getting an industrial structure - [Major Toronto Office REIT Cuts Distribution in Half](https://www.torontocommercialproperties.ca/major-toronto-office-reit-cuts-distribution-in-half/) - Dream Office Looks to Maintain Capital as Downtown Vacancy Rate Hits Record High Dream Office REIT, a major player in Canada's largest city with 28 investment properties, is cutting its dividend in half in a reduction that it said will save $19 million annually. Dream Office CEO Michael Cooper described a challenging environment for office - [Hundreds of the Source Locations To Close After Deal With Best Buy Canada](https://www.torontocommercialproperties.ca/hundreds-of-the-source-locations-to-close-after-deal-with-best-buy-canada/) - The Source's Parent Company Bell Canada, Plans To Rebrand 165 Small-Format Stores As Best Buy Express About half of the Source's hundreds of stores that sell electronics in Canada are expected to close after the retailer's parent company announced a deal with Best Buy Canada. Bell Canada Enterprises and Best Buy Canada are teaming up - [One of Toronto's Oldest Buildings Set to Change Hands](https://www.torontocommercialproperties.ca/one-of-torontos-oldest-buildings-set-to-change-hands/) - Local Group To Buy Historic Flatiron Building for $15.4 Million One of Toronto's oldest buildings is about to change hands with a local buyer group set to pay $15.4 million to purchase the Gooderham Flatiron Building at 49 Wellington St. E, according to a source with knowledge of the pending sale. George Gooderham built the historic - [Allied Properties REIT Takes $500 Million Loss Amid Writedowns](https://www.torontocommercialproperties.ca/allied-properties-reit-takes-500-million-loss-amid-writedowns/) - Toronto-Based Office Landlord's CEO Sees Inflection Point in Office Market Allied Properties Real Estate Investment Trust recorded an almost $500 million loss in the fourth quarter as the Toronto-based office REIT took writedowns on its assets in Canada's four largest cities by population. The firm said operating income from continuing operations was $82 million, up - [First Capital Makes Another $116 Million in Asset Sales](https://www.torontocommercialproperties.ca/first-capital-makes-another-116-million-in-asset-sales/) - Toronto REIT Almost Two-Thirds of Its Way to $1 Billion Disposition Target Toronto-based First Capital REIT, one of Canada's largest retail landlords, has sold another $116 million in assets as part of a plan to sell $1 billion in property. First Capital, the owner of interests in 22.3 million square feet of gross leasable real - [US Ice Cream Brand Warms Up to Canada Expansion](https://www.torontocommercialproperties.ca/us-ice-cream-brand-warms-up-to-canada-expansion/) - Fat Brands To Add 40 Marble Slab Creamery Locations North of Border Los Angeles-based Fat Brands is betting that Canadians want more frozen treats with the company's plans to expand its Marble Slab Creamery chain north of the border. Fat Brands, which owns 18 restaurant brands that include Johnny Rockets, Fatburger and Twin Peaks, said - [Canada's Largest Furniture Retailer Gets Into Homebuilding](https://www.torontocommercialproperties.ca/canadas-largest-furniture-retailer-gets-into-homebuilding/) - Leon's Furniture Is Looking to Build 4,000 Houses on 40 Acres in Toronto Canada's largest furniture and appliance retailer is getting into the homebuilding business. Toronto-based Leon's Furniture has moved closer to developing a master-planned community on 40 acres that could eventually house 4,000 homes. The chain, which has 303 retail stores across Canada under - [Crown Realty Partners Buys Office Complex for $25.6 Million in Toronto Suburb](https://www.torontocommercialproperties.ca/crown-realty-partners-buys-office-complex-for-25-6-million-in-toronto-suburb/) - Slate Office REIT and New York Investor Sell Two-Building Complex in Mississauga Crown Realty Partners said it bought a two-building office complex in the Toronto suburb of Mississauga, a purchase made through its largest fund to date. Toronto-based Crown Realty did not disclose the price, but property records show the Sheridan Exchange sold for $25.6 - [Downtown Toronto Building Home to Uber Up for Sale](https://www.torontocommercialproperties.ca/downtown-toronto-building-home-to-uber-up-for-sale/) - CBRE Retained by Credit Suisse to Market Property A downtown Toronto office tower that is home to an engineering hub occupied by ride-sharing company Uber has hit the market for sale. CBRE has been retained to market the 16-storey tower once known as the Alliance Atlantis Building, named after the now-defunct media company. CBRE said - [Townline Centre Changes Ownership in Multi-Million Dollar Deal](https://www.torontocommercialproperties.ca/townline-centre-changes-ownership-in-multi-million-dollar-deal/) - Salthill Capital Sells Courtice Shopping Complex for $28.8 Million Salthill Capital's in-house property management and brokerage team arranged the sale of Townline Centre, an 87,346-square-foot, grocery-anchored retail strip centre located in the community of Courtice, near Oshawa, Ontario, as part of a year-end transaction. The retail property was purchased by a private investor for $28.8 million or - [RioCan Raises Distribution Amid Strong Demand for Retail Space](https://www.torontocommercialproperties.ca/riocan-raises-distribution-amid-strong-demand-for-retail-space/) - Toronto-Based REIT Also Takes Quarterly Loss, Reduces Construction Spending Canada's oldest real estate investment trust hiked its dividend 2.8% as Toronto-based RioCan envisions strong growth in the retail sector. Jonathan Gitlin, president and chief executive of RioCan, said the REIT continues to capitalize on Canada's short supply of space and strong retail demand. "We showcased - [Country's Largest Grocery Chain To Add 40 Stores This Year](https://www.torontocommercialproperties.ca/countrys-largest-grocery-chain-to-add-40-stores-this-year/) - Loblaw Companies Plans $2 Billion Investment Nationally The country's largest grocery operator, Loblaw Companies Ltd., plans to open 40 new stores in 2024 as part of an investment of $2 billion. The Brampton, Ontario-based company, whose brands include Loblaws, No Frills and Shoppers Drug Mart, said in addition to the new stores, it will expand - [Top Sales and Leases Recognized in Canada](https://www.torontocommercialproperties.ca/top-sales-and-leases-recognized-in-canada-2/) - TPG's Purchase of Industrial Portfolio Marks Quarter's Largest Deal The $990 million sale of a 75% interest in two business parks in the Greater Toronto Area was Canada's largest real estate transaction during the fourth quarter, making it one of the top deals recognized in the latest CoStar Power Broker quarterly awards. Oxford Property Group - [Crombie REIT Aims To Continue Focusing on Smaller, Quicker Developments](https://www.torontocommercialproperties.ca/crombie-reit-aims-to-continue-focusing-on-smaller-quicker-developments/) - REIT Associated With Sobey’s Grocery Chain Likes Return on Such Projects Crombie Real Estate Investment Trust is thinking small again for 2024, as the Nova Scotia-based firm aims to focus on more compact developments that offer a solid return and can be completed in a shorter duration. The chief executive of the REIT which is - [Over the past four years, 35 cents of every dollar spent by foreign real estate buyers went to purchase industrial assets in the GTA](https://www.torontocommercialproperties.ca/over-the-past-four-years-35-cents-of-every-dollar-spent-by-foreign-real-estate-buyers-went-to-purchase-industrial-assets-in-the-gta/) - City Accounts for 56% of All Non-Canadian Property Purchases Since 2020 Over the past four years, 35 cents of every dollar spent by foreign real estate buyers went to purchase industrial assets in the Greater Toronto Area. Across all four asset classes, Toronto accounted for 56% of all foreign real estate investment since 2020. Montreal - [Lower Borrowing Costs Seen Lightening Debt Burden on Canadian Real Estate Industry](https://www.torontocommercialproperties.ca/lower-borrowing-costs-seen-lightening-debt-burden-on-canadian-real-estate-industry/) - Analysts Cite Cause for Optimism, Even As They Acknowledge Possibility of More Rate Hikes Canada’s commercial property investment landscape shows some signs of what analysts say is slow improvement after the Bank of Canada raised interest rates to 5% last July. Some real estate brokerage analysts are finding cause for optimism in the growing spread - [Freed Developments Unveils $800 Million Toronto Project](https://www.torontocommercialproperties.ca/freed-developments-unveils-800-million-toronto-project/) - Plan Calls for Luxury Hotel Rooms and Condominiums Toronto-based real estate company Freed Developments is planning what it says is an $800 million skyscraper in the downtown core that will include condo units and high-end hotel rooms. The Freed Hotel and Residences tower at Adelaide and Duncan, just west of the University, will be designed - [Canada's CRE Market Might Be About To Turn The Corner](https://www.torontocommercialproperties.ca/canadas-cre-market-might-be-about-to-turn-the-corner/) - Senior executives strike optimistic tone when looking ahead at 2024 at RealCapital conference The worst of the commercial real estate downturn appears to be over and, while there are still challenges ahead in the Canadian market, a sense of optimism continues to emerge. That was the impression from senior real estate executives who offered perspectives - [Gta CRE Investment Volume Back On The Rise In Q4](https://www.torontocommercialproperties.ca/gta-cre-investment-volume-back-on-the-rise-in-q4/) - Total commercial real estate investment volume in the Greater Toronto Area was $4.6 billion in Q4 2023, up from $4.1 billion in the previous quarter and $3.8 billion a year earlier. That was perhaps the most welcomed news found in Avison Young’s new Greater Toronto investment review Q4 2023 report. “We have been progressing through a more stable - [Canadian Retail CRE Snapshot: Quality Space 'Shrinking Quickly'](https://www.torontocommercialproperties.ca/canadian-retail-cre-snapshot-quality-space-shrinking-quickly/) - JLL report cites continuing leasing demand, but little new space in development pipeline Retail leasing in Canada's major markets is stabilizing after a period of strong momentum amid a flight to quality locations. JLL recently released retail insight reports for Vancouver, Edmonton, Calgary, Toronto, Ottawa and Montreal, and executive vice-president of retail advisory services Casdin Parr spoke with - [Local Owners Buy 200K-Sq.-Ft. Barrie Office/Retail Building](https://www.torontocommercialproperties.ca/local-owners-buy-200k-sq-ft-barrie-office-retail-building/) - Downtown Lakeview Corporate Centre has troubled past; to be renamed Barrie City Centre A 200,000-square-foot downtown Barrie mixed-use office and retail building with a prime location but a troubled past has new ownership and a sense of optimism about its future prospects. Lakeview Corporate Centre, located at the corner of Collier and Mulcaster streets, was - [Canadian Net REIT: 'Strong Performance' From Niche Retail](https://www.torontocommercialproperties.ca/canadian-net-reit-strong-performance-from-niche-retail/) - Canadian Net REIT’s strategy to acquire commercial real estate that is under the radar of most of its competitors appears to be paying off, its 2023 year-end financial results indicate. "Despite the challenges faced in the real estate market throughout 2023, Canadian Net maintained its strong performance," president and CEO Kevin Henley said as the - [56-acre Life Science, Technology Park Proposed North Of Toronto](https://www.torontocommercialproperties.ca/56-acre-life-science-technology-park-proposed-north-of-toronto/) - The owner of a 56-acre plot of land acquired 43 years ago for a hobby farm in Georgina, Ont., about an hour’s drive north of Toronto, is seeking to turn it into the Canadian Life Science and Technology Park (CLSTP). “I have about 27 years of medical device, biotech and pharmaceutical experience, having served across multiple departments - [Next In Line For Review: Toronto's Tall Buildings Guidelines](https://www.torontocommercialproperties.ca/next-in-line-for-review-torontos-tall-buildings-guidelines/) - 2023 was the year the City of Toronto started taking a harsh look at its Mid-Rise Building Design Guidelines. In June 2023, council requested moving forward with community consultations regarding proposed changes to the Rear Transition Performance Standards, changes that aim to replace the "wedding-cake" effect caused by angular planes and current guidelines. Next up - [Primaris To Demolish Portion Of Windsor's Devonshire Mall](https://www.torontocommercialproperties.ca/primaris-to-demolish-portion-of-windsors-devonshire-mall/) - A long-vacant former Sears store at Primaris REIT's Devonshire Mall in Windsor will soon be demolished as part of a redevelopment that will open up land for future uses. The space, which has a basement and two floors above ground, has remained largely vacant since Sears closed in early 2018. It was temporarily used by Spirit Halloween as a pop-up outlet - [Dominate Your CRE Deals: 5 Automation Strategies For 2024](https://www.torontocommercialproperties.ca/dominate-your-cre-deals-5-automation-strategies-for-2024/) - The Canada CRE sector experienced significant growth and resilience amidst evolving market dynamics, showcasing its strength and adaptability according the CBRE and JLL’s latest Canadian real estate market reports. Leveraging technology-driven solutions has emerged as a critical strategy for capitalizing on this momentum and sustaining success in 2024 and beyond. This extensive guide delves into five indispensable strategies - [Managing Existing Portfolios Top Priority For CRE Firms, Managers](https://www.torontocommercialproperties.ca/managing-existing-portfolios-top-priority-for-cre-firms-managers/) - But bid-ask spread is decreasing, raising hopes for more transaction activity, Altus Group survey finds Managing their existing portfolios will be the primary focus for 49 per cent of the Canadian commercial real estate industry executives who participated in Altus Group’s Q1 2024 Commercial Real Estate Industry Conditions & Sentiment Survey. After managing existing portfolios, the biggest - [Q1 2024 Canadian Office Snapshot: "Green Shoots" In The Sector](https://www.torontocommercialproperties.ca/q1-2024-canadian-office-snapshot-green-shoots-in-the-sector/) - Major real estate data surveys are reporting mixed signals for the Canadian office sector this quarter, with positive net absorption but a higher vacancy rate (18.4 per cent) nationwide led by upticks in both Toronto and Vancouver. Another significant ongoing trend is the reduction in office space under construction, which dropped to 9.1 million square - [An Expert Look At Investing In Toronto's Industrial Market](https://www.torontocommercialproperties.ca/an-expert-look-at-investing-in-torontos-industrial-market/) - Ask the expert: Victor Cotic, Executive Vice President, Sales Representative | National Investment Services, Colliers Toronto Brokerage What is your assessment of the current industrial market cycle in the Greater Toronto Area (GTA)? It’s no surprise that rising interest rates have had a significant and direct impact on commercial real estate. Even the otherwise resilient - [Key Takeaways - СRE Industry Conditions Conditions & Sentiment Survey - Canada Q1 2024 Results](https://www.torontocommercialproperties.ca/key-takeaways-сre-industry-conditions-conditions-sentiment-survey-canada-q1-2024-results/) - Key highlights Altus Group releases its third installment of the Commercial Real Estate Industry Conditions and Sentiment Survey for Canada, a quarterly survey of CRE professionals to gauge perspectives on current and future conditions for the industry. Targeted gross IRRs seen marketed for new funds and deals declined modestly across all four main property types - [Canadian Office Market Update - Q1 2024](https://www.torontocommercialproperties.ca/canadian-office-market-update-q1-2024/) - Key highlights In the first quarter of 2024, the national office availability rate across Canada stabilized at 17.5% The hybrid work model has cemented itself as a preferred work arrangement, as the share of workers with hybrid arrangements has more than tripled since the start of the pandemic The Quebec market reported the lowest office - [Managing CRE Property Taxes: Unlocking The Levers That Impact Valuations ](https://www.torontocommercialproperties.ca/managing-cre-property-taxes-unlocking-the-levers-that-impact-valuations/) - Key highlights Property tax is the largest, single expense for most property owners, representing nearly 25% of net operating income (NOI) on average, and is often overlooked as an important “lever” that can be pulled to impact commercial real estate valuations Property owners who are not proactively managing their real estate taxes, particularly in the - [Outlook For Global Construction Costs](https://www.torontocommercialproperties.ca/outlook-for-global-construction-costs/) - Key highlights Altus Group’s second annual Global Construction Costs webinar is now available to watch Developers are getting a bit of a reprieve from the painful escalation in construction costs seen in recent years; however, that relief is not evident everywhere During the webinar, experts from Altus Group’s development advisory team discuss how micro-economic factors, - [Analyzing the Implications of Canada's Capital Gains Tax Hike set for June 25th, 2024 on Commercial Real Estate Investment](https://www.torontocommercialproperties.ca/analyzing-the-implications-of-canadas-capital-gains-tax-hike-set-for-june-25th-2024-on-commercial-real-estate-investment/) - At TorontoCommercialProperties.ca, we're dedicated to keeping you informed about crucial developments that could affect your commercial real estate investments. One such development is the recent increase in Canada's capital gains tax and its potential impact on the real estate market. The Canadian government's decision to raise the capital gains tax has stirred discussions and raised - [Top Sales and Leases Recognized in Canada](https://www.torontocommercialproperties.ca/top-sales-and-leases-recognized-in-canada-3/) - InnVest Hotels' $410 Million Purchase of 14-Property Portfolio Marks Quarter's Largest Deal The Courtyard Marriott near Pearson International was part of a 14-property portfolio deal. (CoStar) This article was updated on May to clarify the landlord and tenant representatives in the Thales Canada lease deal. The $410 million purchase of a portfolio of 14 hotels - [Commercial Real Estate Trends Shifting Toward Purpose-built Rentals: Re/Max Report](https://www.torontocommercialproperties.ca/commercial-real-estate-trends-shifting-toward-purpose-built-rentals-re-max-report/) - TORONTO - An analysis of 12 of the largest Canadian commercial real estate markets shows developers have shifted their focus toward purpose-built rental construction, some at the expense of new residential condominiums and commercial buildings. Re/Max Canada’s 2024 Commercial Real Estate Report, which examined the dozen markets during the first quarter of this year, said - [Equiton Buys Land for Third Toronto Condo](https://www.torontocommercialproperties.ca/equiton-buys-land-for-third-toronto-condo/) - Property's Total Value Expected To Reach $386 Million Equiton said it bought a development site in Toronto for its third condominium development project in the city. The Toronto-based company that has just over $1 billion in assets said it bought the site at 1099 Broadview Avenue for its newest project, to be called TEN99 Broadview. It would - [Canada Pension Plan Signs One of Largest Office Leases Since Pandemic Hit](https://www.torontocommercialproperties.ca/canada-pension-plan-signs-one-of-largest-office-leases-since-pandemic-hit/) - Country's Biggest Pension Fund Heads to New Toronto Building The country's largest pension fund has agreed to one of the biggest office leases since the pandemic hit, a deal that calls for the Canada Pension Plan Investment Board to relocate to a new Toronto tower. People close to the deal confirmed to CoStar News an - [Nation's Oldest REIT Sees Increasingly Tight Market for Retail Space](https://www.torontocommercialproperties.ca/nations-oldest-reit-sees-increasingly-tight-market-for-retail-space/) - RioCan, Rival First Capital Foresee Shortage Affecting Store Expansion Plans RioCan Real Estate Investment Trust, Canada's oldest property investment company, said available retail space is increasingly in short supply and its executives are betting that the nation's biggest population growth in almost 70 years and other market conditions will play to its strengths. Jonathan Gitlin, - [What the Growing Spread Between Vacancy and Availability Rates in Toronto’s Office Market Tells Us](https://www.torontocommercialproperties.ca/what-the-growing-spread-between-vacancy-and-availability-rates-in-torontos-office-market-tells-us/) - Increasing Office Availability an Indicator of Higher Vacancy Set To Come Although often used interchangeably, there are key compositional differences between vacancy and availability rates, differences that can help shed light on where a market is heading. The definition of vacancy is very straightforward, it's the sum total of space that is currently unoccupied and - [Chartwell’s 323-Unit Retirement Home in Mississauga Set To Become Apartments](https://www.torontocommercialproperties.ca/chartwells-323-unit-retirement-home-in-mississauga-set-to-become-apartments/) - Retirement Home Giant To Sell Property to Developer With Plans To Convert It Into Apartment Units Canadian retirement home leader Chartwell plans to sell a large Ontario operation located near its head office in Mississauga that the buyer plans to convert into apartments, the company announced in its most recent quarterly earnings report. Chartwell resolved - [Canada Attracted More Overseas Real Estate Buyers Last Year, but Will It Continue?](https://www.torontocommercialproperties.ca/canada-attracted-more-overseas-real-estate-buyers-last-year-but-will-it-continue/) - GIC and Dream Industrial REIT's Purchase of Summit Industrial Income REIT Provided Boost In absolute terms, Canadian commercial real estate is still attracting a relatively small amount of foreign capital compared to the United States and United Kingdom. However, on a relative basis, Canada has been attracting more overseas investment than ever before — in - [Federal Banking Regulator Takes Closer Look at Commercial Real Estate](https://www.torontocommercialproperties.ca/federal-banking-regulator-takes-closer-look-at-commercial-real-estate/) - Office of Superintendent of Financial Institutions Says Lower Quality Office Buildings Pose More Risk Commercial real estate has drawn a red flag from the agency that regulates Canada's financial industries, particularly the office sector. The Office of the Superintendent of Financial Institutions said corporate credit and commercial real estate — particularly the construction, development and - [Record Number of Industrial Leases Set To Expire in Canada in 2024](https://www.torontocommercialproperties.ca/record-number-of-industrial-leases-set-to-expire-in-canada-in-2024/) - Nearly 33 Million Square Feet of Leased Industrial Space Expiring This Year A record number of industrial leases totaling nearly 33 million square feet are set to expire in Canada this year. While most of the leases will likely be renewed, the wall of lease maturities could result in tenants seeking lower rates or renewing - [How AI Is Affecting The Commercial Real Estate Sector](https://www.torontocommercialproperties.ca/how-ai-is-affecting-the-commercial-real-estate-sector/) - For commercial realtors hit by high interest rates and low office occupancy, artificial intelligence (AI) has promise as a potential gateway to greater productivity. Real estate agencies are betting that data science can come to the rescue with new efficiencies that could bolster the bottom line. The rise of AI is also fuelling apprehension among - [Allied Sees ‘Inflection Point’ in Office Market As Space Tours Increase](https://www.torontocommercialproperties.ca/allied-sees-inflection-point-in-office-market-as-space-tours-increase/) - Some Analysts Take Wait-and-See Approach Despite REIT's Leasing Optimism Allied Properties Real Estate Investment Trust is seeing signs that could lead to a pickup in leasing activity in its portfolio, but even with that, one analyst following the REIT thinks Allied might be forced to cut its distribution next year. The increase in touring activity - [There's Big Demand In Canada's Retail Shopping Centre Market](https://www.torontocommercialproperties.ca/theres-big-demand-in-canadas-retail-shopping-centre-market/) - In a commercial real estate environment largely devoid of major transactions, one sector continues to surprise: retail. In the wake of media reports that Quebec City’s massive Galeries de la Capitale mall is for sale, another major transaction could be in the offing. About $2 billion in enclosed shopping centres changed hands in Canada during - [The Future Of Commercial Real Estate In Canada: A Brighter Horizon](https://www.torontocommercialproperties.ca/the-future-of-commercial-real-estate-in-canada-a-brighter-horizon/) - Commercial real estate has long been a cornerstone of Canada’s economy. Spanning from urban centres to suburban hubs, commercial real estate contributes to economic expansion, job creation and community revitalization. As we progress further into the 21st Century, our industry appears to hold great promise – driven by innovation, sustainability and changing market dynamics. Before - [Kingsett To Transform Scotia Plaza's 68th Storey Into Events Space](https://www.torontocommercialproperties.ca/kingsett-to-transform-scotia-plazas-68th-storey-into-events-space/) - Toronto office tower owner to invest 'a few million' to reimagine 20,000-sq.-ft. area; signs Oliver & Bonacini as manager KingSett Capital will invest “a few million dollars” to create a 20,000-square-foot meeting and events space and tenant amenity area atop Scotia Plaza at 40 King St. W. in downtown Toronto. The 68th-floor event space is - [Developer Proposes Demolition Of Former Toronto Star Office Building At 1 Yonge St](https://www.torontocommercialproperties.ca/developer-proposes-demolition-of-former-toronto-star-office-building-at-1-yonge-st/) - The developer behind the tallest tower in Canada currently under construction along Toronto’s waterfront has circulated a proposal to replace the former Toronto Star headquarters, a 25-storey office building on the same site, with two more 90-storey residential towers. The proposal from Vancouver-based Pinnacle International Realty Group would involve the demolition of the 53-year-old Toronto Star - [Altus: Canadian Real Estate Pros Split On Market](https://www.torontocommercialproperties.ca/altus-canadian-real-estate-pros-split-on-market/) - Canadian real estate professionals are divided on the state of the market, Altus Group found in a second-quarter survey. Half of the 333 respondents expect to continue managing their existing portfolios over the next six months, roughly even with last quarter, while the percentage of those aiming to deploy capital ticked up 3 pps to - [Toronto Commercial Real Estate Market Update - Q1 2024](https://www.torontocommercialproperties.ca/toronto-commercial-real-estate-market-update-q1-2024/) - Altus quarterly update of Toronto's commercial real estate market, including overall cap rates and notable property transactions across asset classes. Key highlights The Greater Toronto Area (GTA) market reported $3.8 billion in dollar volume transacted for the first quarter of 2024 As interest rates have remained higher for longer, investment activity will likely be slow - [Patience, Communication Needed As GTA Works To Trim Construction Red Tape](https://www.torontocommercialproperties.ca/patience-communication-needed-as-gta-works-to-trim-construction-red-tape/) - It is a tale of two headlines in the greater Toronto area, where a follower of the city’s commercial real estate scene might experience a slight case of cognitive whiplash if they read the news regularly. One day, they might see a headline like this one from April, attesting to the city’s long-running building boom: - [First Capital REIT To Issue $300 Million in Debentures](https://www.torontocommercialproperties.ca/first-capital-reit-to-issue-300-million-in-debentures/) - Retail Landlord To Use Proceeds To Pay Down More Expensive Floating-Rate Debt One of Canada's largest retail real estate investment trusts is issuing $300 million in unsecured debentures and plans to use the proceeds to pay down costlier debt. First Capital REIT said the debentures are being offered on an agency basis by a syndicate - [Chartwell Retirement To Acquire Two Senior Housing Portfolios](https://www.torontocommercialproperties.ca/chartwell-retirement-to-acquire-two-senior-housing-portfolios/) - Toronto-Area REIT To Spent $511 Million for Quebec Properties Chartwell Retirement Real Estate Investment Trust has entered into agreements to increase its holdings by 3,233 senior housing suites as part of a major expansion of its Quebec portfolio. The Toronto-area REIT said it has agreed to separate deals to purchase a 100% ownership interest in - [Dream Industrial REIT Further Expands Portfolio in Ontario](https://www.torontocommercialproperties.ca/dream-industrial-reit-further-expands-portfolio-in-ontario/) - REIT Purchases Manufacturing Building and a Trio of Warehouses for $110 Million Dream Industrial REIT continued to expand its portfolio in the Ontario region with the purchase of four industrial properties last month. In two separate deals, the REIT acquired a trio of warehouses located in Markham, Burlington and Cambridge totaling 332,915 rentable square feet - [Toronto’s Financial Core Appears to Be Shifting South](https://www.torontocommercialproperties.ca/torontos-financial-core-appears-to-be-shifting-south/) - Congestion and Office Tenants' Priorities Driving Push Based on an analysis of commercial real estate deals, it looks like the financial heart of Canada's biggest city may be edging south. Toronto’s financial core has traditionally been located between John and Church streets to the east and west and between Queen and Front streets to the - [There Might Be Lab Space in Your Office Tower's Future](https://www.torontocommercialproperties.ca/there-might-be-lab-space-in-your-office-towers-future/) - Global Design and Engineering Firm's Experiment With Unique Conversion Could Have Shared Results When the University of Toronto's Temerty Faculty of Medicine needed to expand its laboratory near its urban campus, the institution found that such space is at a premium in Canada's largest city. And having employees doing biotechnology work from home wasn't a - [Challenges For Office Real Estate](https://www.torontocommercialproperties.ca/challenges-for-office-real-estate/) - Michael Cooper, CEO of Dream Office REIT, joins BNN Bloomberg to discuss the outlook for Canada's office real estate market. Source BNN Bloomberg. Click here for the full story. - [RioCan's Real Estate Developement Pipeline](https://www.torontocommercialproperties.ca/riocans-real-estate-developement-pipeline/) - Jonathan Gitlin, CEO of RioCan Real Estate Investment Trust, joins BNN Bloomberg to discuss the company's latest earnings and outlook for the future. Source BNN Bloomberg. Click here for the full story. - [Flashy Designs, Fresh Amenities: Building Owners Eye Upgrades Amid Return-To-Office](https://www.torontocommercialproperties.ca/flashy-designs-fresh-amenities-building-owners-eye-upgrades-amid-return-to-office/) - Picture this: Your commute ends in a lobby with soaring stone pillars and a nine-storey indoor trellis that’s cascading with live greenery. A series of art is featured on 80-foot digital display as you pass by a calming pond before the workday ahead. These are just some of the design plans for 33 Yonge St., - [Feds May Start Fining Use Of Property Controls In Commercial Real Estate](https://www.torontocommercialproperties.ca/feds-may-start-fining-use-of-property-controls-in-commercial-real-estate/) - ​The use of property controls are the focus of the Competition Bureau's investigation into Loblaws and Sobeys. On Wednesday, Canada's Competition Bureau, the law enforcement agency that protects consumer interests, detailed its preliminary enforcement approach regarding the use of property controls in commercial real estate, which are commonly used in the retail sector and believed - [Bottom Is Nigh For Most CRE Valuations, Office Still A Struggle: Altus](https://www.torontocommercialproperties.ca/bottom-is-nigh-for-most-cre-valuations-office-still-a-struggle-altus/) - Real estate data provider offers insights into commercial real estate industry survey The bottom is in sight for commercial real estate valuations, though there’s probably more room for office values to continue their decline. That was one of the insights provided by Altus Group director of valuation advisory Robert Santilli during a July 11 webinar to discuss - [Marlin Spring Buys Toronto Dev. Site; Spring Living Adds 7 Retirement Homes](https://www.torontocommercialproperties.ca/marlin-spring-buys-toronto-dev-site-spring-living-adds-7-retirement-homes/) - Baz Group of Companies subsidiaries announce major acquisitions in Toronto, Ottawa, Montreal Two subsidiaries of Toronto’s Baz Group of Companies have announced significant acquisitions: Marlin Spring has purchased a Toronto development site at 5280 Dundas St., W., and Spring Living has acquired seven retirement residences in Ottawa and Montreal. 5280 Dundas St., W. is in - [GTA Q2 Office Availability Rate Rises To 20.2%: AY](https://www.torontocommercialproperties.ca/gta-q2-office-availability-rate-rises-to-20-2-ay/) - Vacancy rises to 14%, with net absorption in the quarter at 15,000 square feet Office availability rates in the Greater Toronto Area (GTA) continued to rise in Q2, with vacancy rising to 14 per cent and availability hitting 20.2 per cent, according to the latest report from Avison Young. The sector, still feeling significant impacts - [Acquisitions By Private Investors Comprise 82% Of Q2 CRE Activity](https://www.torontocommercialproperties.ca/acquisitions-by-private-investors-comprise-82-of-q2-cre-activity/) - But that trend is unlikely to continue much longer: Avison Young's Matthew McWatters Canadian private investors dominated Q2 commercial real estate acquisitions, representing 82 per cent of transactions according to Avison Young’s new investment trends report. But that recent trend is unlikely to continue. Private investors had been responsible for 73 per cent of first-quarter - [Dilawri to Buy $54M Markham Property from AP REIT](https://www.torontocommercialproperties.ca/dilawri-to-buy-54m-markham-property-from-ap-reit/) - Six-acre site near Unionville GO station, Metropia's huge UnionCity development Automotive Properties Real Estate Investment Trust (AP REIT) plans to sell its six-acre Markham Honda dealership property in Markham, Ont., to an insider of the trust for $54 million. The Kennedy lands property is currently operated under a long-term lease by Dilawri Group, an affiliate - [Prologis Has 6-Million-Sq.-Ft. Pipeline Of GTA Industrial Developments](https://www.torontocommercialproperties.ca/prologis-has-6-million-sq-ft-pipeline-of-gta-industrial-developments/) - U.S.-based firm manages 11-million-sq.-ft. Toronto area portfolio, seeks future building sites Prologis has become a major player since reaching north from its U.S. base and entering the Greater Toronto Area (GTA) industrial real estate market 20 years ago. Its growth in Canada continues, with millions of square feet in its development pipeline. “We’ve always been growing - [Retail Rents Continue To Rise, Little New Space On Way](https://www.torontocommercialproperties.ca/retail-rents-continue-to-rise-little-new-space-on-way/) - CBRE's H1 2024 Retail Rent Survey shows healthy increases across all retail format types Canadian retail real estate rents have continued to rise across all format types and, with little significant new supply on the way to meet demand, that trend is expected to continue. “We are not adding enough retail space for the population - [What The 1990s Real Estate Crisis Can Teach Us About Today's Canadian Real Estate Market](https://www.torontocommercialproperties.ca/what-the-1990s-real-estate-crisis-can-teach-us-about-todays-canadian-real-estate-market/) - GUEST SUBMISSION: Picture a time characterized by aggressive lending practices, substantial value adjustments, a severe liquidity shortage and high borrowing rates, except it’s not the 1990s – it’s 2024. What was considered a historically turbulent time for Canada’s commercial real estate industry has quickly gained traction as a blueprint for what we are seeing today and - [Downtown Toronto Office Leasing Nosedives In Q2: Newmark](https://www.torontocommercialproperties.ca/downtown-toronto-office-leasing-nosedives-in-q2-newmark/) - Slowest quarter for leasing in the past decade follows on heels of strong Q1 While there was major office leasing activity in downtown Toronto in Q1 of this year, that momentum evaporated during the next three months according to Newmark’s new 2Q '24 Downtown Toronto Office Market Overview. Of downtown Toronto’s 85 million square feet of office - [Mattamy, Quadreal To Launch Phase 1 At TO's Cloverdale This Fall](https://www.torontocommercialproperties.ca/mattamy-quadreal-to-launch-phase-1-at-tos-cloverdale-this-fall/) - The Clove redevelopment includes 33-storey tower, 9-storey midrise totalling 600 condo units Mattamy Homes and QuadReal Property Group have scheduled a fall launch for Phase 1 of their condo project The Clove, part of the $6-billion redevelopment of Cloverdale Mall in Etobicoke. The 33-storey tower to be sited on a standalone location on a 2.3-acre - [RENX's 2024 Summer Commercial Real Estate In Review](https://www.torontocommercialproperties.ca/renxs-2024-summer-commercial-real-estate-in-review/) - A cross-section of our most-read, and most important, articles from the summer months Summer is a hectic time, with a rush of both family and business commitments requiring our attention. It’s easy to miss big news … so as is our tradition at RENX, here's our synopsis of our most-read, and most important, articles from - [Arkfield Has Short- And Long-Term Strategies For 10 Lower Spadina](https://www.torontocommercialproperties.ca/arkfield-has-short-and-long-term-strategies-for-10-lower-spadina/) - Toronto developer, real estate owner acquires seven-storey downtown Toronto office property Arkfield has acquired a seven-storey downtown Toronto mixed-use office building with long-term redevelopment potential from Dream Impact Trust for $23.7 million. The 0.34-acre site at 10 Lower Spadina Ave. is occupied by a 62,163-square-foot building that, aside from a vacant former ground-floor Starbucks store, - [Amazon To Grow Toronto Tech Hub, Open Vancouver Office North Tower](https://www.torontocommercialproperties.ca/amazon-to-grow-toronto-tech-hub-open-vancouver-office-north-tower/) - Company updates plans for Canadian growth, opens atrium at its flagship The Post Vancouver office Amazon will add 79,000 square feet of space to one of its Toronto offices by November and plans to open the North Tower of its Vancouver office complex in 2026, the company announced Thursday afternoon. The tech giant made the reveals - [There's A Whole New Landscape For CRE Financing: Oakbank](https://www.torontocommercialproperties.ca/theres-a-whole-new-landscape-for-cre-financing-oakbank/) - Broker, advisory firm facilitates $148.8M construction loan from KingSett for Brixen condo project Commercial mortgage broker and capital advisory firm Oakbank Capital Group was instrumental in arranging a $148.8-million construction loan from KingSett Capital to Brixen Developments to push forward a new Mississauga condominium development. “A lot of the conventional lenders, being the big banks, - [Quadreal Acquires Toronto Queen St. W. Site For $24.25M](https://www.torontocommercialproperties.ca/quadreal-acquires-toronto-queen-st-w-site-for-24-25m/) - Property contains low rise commercial/residential building, offers redevelopment potential QuadReal has purchased two low-rise buildings at 1149 and 1153 Queen St. W. in Toronto with the assumed intention of redeveloping the site into a multi-residential property. The 0.64-acre, mixed-use-zoned site was owned by artist Ben Woolfitt. He previously operated an art supply store in the - [Crestpoint Acquires Stake In Toronto's Former Maple Leaf Gardens](https://www.torontocommercialproperties.ca/crestpoint-acquires-stake-in-torontos-former-maple-leaf-gardens/) - Invests in commercial portion of former home of Toronto Maple Leafs as part of 3-building portfolio Crestpoint Real Estate Investments Ltd., has acquired a portion of Toronto’s iconic former Maple Leaf Gardens building as part of a three-property portfolio it is buying into, in a 50/50 joint venture with a Choice Properties REIT affiliate. The - [Toronto Remains A Top Tech Talent Market, But Leasing Activity Slow](https://www.torontocommercialproperties.ca/toronto-remains-a-top-tech-talent-market-but-leasing-activity-slow/) - CBRE report ranks Toronto as 4th-best North American market, has largest job growth since 2018 Toronto has moved up a notch to No. 4 in CBRE’s latest Scoring Tech Talent report ranking North America’s Top-50 technology markets. Eleven Canadian cities are ranked in the report, including three emerging markets. Toronto created 95,900 tech talent jobs - [Toronto High Park Development Site Sold To Hepsor, Elysium, Oikoi](https://www.torontocommercialproperties.ca/toronto-high-park-development-site-sold-to-hepsor-elysium-oikoi/) - Acquisition is Estonian company's fourth, with Elysium, as it continues to expand in Canada Hepsor, its Canadian partner Elysium Investments and International Property Group/Oikoi Living have acquired a development property in Toronto’s High Park neighbourhood on which there are plans to construct a two-tower residential project. The acquisition of its interest in the property assembly - [Coworking Survey Says Right Combination Of Incentives Could Lure More Workers Back To The Office](https://www.torontocommercialproperties.ca/coworking-survey-says-right-combination-of-incentives-could-lure-more-workers-back-to-the-office/) - iQ Offices invests in new property in Toronto, notes interest in higher-quality workspace The chief executive of one of Canada's largest independent coworking office providers said his company's latest survey would seem to be a study in contradictions. The survey done on behalf of iQ Offices by Maru Public Opinion found that 43% of respondents - [UBS To Sell Offices in US, Canada As Valuation Declines Weigh on Fund](https://www.torontocommercialproperties.ca/ubs-to-sell-offices-in-us-canada-as-valuation-declines-weigh-on-fund/) - Swiss Bank To Shut $2 Billion International Fund Amid Mounting Redemption Requests UBS Group plans to liquidate a $2 billion real estate fund holding 12 office properties in the United States and Canada in the latest sign that investors are pulling funds out of the troubled commercial real estate market. The Swiss bank plans to - [Crestpoint Real Estate Buys Three Properties, Including Former Nhl Rink](https://www.torontocommercialproperties.ca/crestpoint-real-estate-buys-three-properties-including-former-nhl-rink/) - Maple Leaf Gardens was where Toronto Maple Leafs last hoisted the Stanley Cup Crestpoint Real Estate Investments has purchased a 50% stake in three properties from Loblaw Properties, including an interest in the historic Maple Leaf Gardens that once was home to Toronto's NHL team. Toronto-based Crestpoint did not reveal a price but said it - [Auto Dealer Goes On $200 Million Buying Spree In Ontario](https://www.torontocommercialproperties.ca/auto-dealer-goes-on-200-million-buying-spree-in-ontario/) - CanadaOne Auto Group has acquired 20 Ontario dealerships so far this year to stake a claim in Ottawa's flourishing auto sales market An Edmonton-based car dealer, CanadaOne Auto Group, has been investing heavily in the Ontario region's auto retail landscape. So far this year, CanadaOne has acquired 20 auto dealership properties in the area for - [Mckesson Agrees To Sell One Of Canada's Largest Pharmacy Chains](https://www.torontocommercialproperties.ca/mckesson-agrees-to-sell-one-of-canadas-largest-pharmacy-chains/) - Healthcare services giant strikes deal to shed retailer with 385 locations U.S. healthcare services giant McKesson has struck a deal to sell its Rexall Pharmacy Group, one of Canada's largest pharmacy chains, and online company Well.ca to private equity firm Birch Hill. Founded in 1904, Rexall operates 385 pharmacies across Canada and employs approximately 8,000. - [Cities’ Appetites Vary When Handing Out Patio Permits to Canadian Restaurants](https://www.torontocommercialproperties.ca/cities-appetites-vary-when-handing-out-patio-permits-to-canadian-restaurants/) - Cost and Time Required To Open a Restaurant Patio Depends on Your City, Notes New CFIB Report Restaurant owners hungry to feed their revenues by adding streetside patios in front of their locations are required to pay a wide variety of permit fees for this use across Canada according to a new study from the - [Ontario Teachers' Pension Plan Expands Investment In Australian Industrial Market](https://www.torontocommercialproperties.ca/ontario-teachers-pension-plan-expands-investment-in-australian-industrial-market/) - Pension fund partners with Gateway Capital, Asian sovereign wealth fund on investment vehicle The pension fund for Canada's largest teacher union is teaming up with a pair of international investment partners to expand its presence in Australia's industrial market. The Gateway Capital Urban Logistics Partnership, known as GULP, has agreed to a deal to buy - [CPP Partners With Blackstone On Asia-Pacific Data Center Deal Valued At $22 Billion](https://www.torontocommercialproperties.ca/cpp-partners-with-blackstone-on-asia-pacific-data-center-deal-valued-at-22-billion/) - Canada's largest pension plan takes 12% stake in Australia-based AirTrunk Blackstone and the Canada Pension Plan Investment Board, the country's largest pension fund, formed a partnership to buy AirTrunk, an Asia-Pacific data center operator in a deal valued at $22 billion as the artificial technology boom drives further demand for digital systems and support networks. - [Quadreal, Mattamy Homes Kick Off $6 Billion Project In Toronto](https://www.torontocommercialproperties.ca/quadreal-mattamy-homes-kick-off-6-billion-project-in-toronto/) - First phase of shopping mall redevelopment to include condo tower The real estate arm of British Columbia's largest pension fund is joining with a large homebuilder in launching a $6 billion redevelopment project in a west-end Toronto neighbourhood. Vancouver-based QuadReal Property Group, the entity that manages the real estate of British Columbia Management Corp., recently - [Bombardier Shows Off New Assembly Facility At Toronto Pearson International Airport](https://www.torontocommercialproperties.ca/bombardier-shows-off-new-assembly-facility-at-toronto-pearson-international-airport/) - Montreal aerospace giant has operations rolling at new aircraft assembly centre Canadian aerospace giant Bombardier has upgraded its operation in Ontario. The company is highlighting the 550,000-square-foot Bombardier Aircraft Assembly Centre at the Toronto Pearson International Airport it has occupied since May. The facility contains a 120,000-square-foot test hangar nearby. About 2,000 Bombardier employees work at the site to - [Is Pickleball About To Gobble Up 2.6M Sq. Ft. Of CRE Space?](https://www.torontocommercialproperties.ca/is-pickleball-about-to-gobble-up-2-6m-sq-ft-of-cre-space/) - U.S. firm Picklr partners with TPC Developments, plans 65 Canadian facilities for growing racquet sport The sport of pickleball has grown exponentially in recent years and a major U.S. brand has set its sights expanding into Canada in a big way. If fully realized, the plan will result in the leasing and development of several - [RioCan Makes Short Work of Retail Space Emptied by Bankruptcies](https://www.torontocommercialproperties.ca/riocan-makes-short-work-of-retail-space-emptied-by-bankruptcies/) - Canada's Oldest REIT Also Sees Widening Lease Spreads in New Deals Canada's oldest and second-largest real estate investment trust said its retail portfolio can withstand an economic downturn and it has been able to quickly backfill space from tenant bankruptcies in the previous quarter while also getting record spreads on new leases. Toronto-based RioCan Real Estate - [Opening Of Toronto DC Completes $1B Metro Supply Chain Revamp](https://www.torontocommercialproperties.ca/opening-of-toronto-dc-completes-1b-metro-supply-chain-revamp/) - Grocer and retailer Metro Inc. (MRU-T) has inaugurated the final facility in its $1-billion supply chain modernization initiative, with its 567,000-square-foot automated Toronto fresh produce distribution centre (DC) now fully operational. The modernization has taken place over seven years, and includes the development and/or expansion of four distribution centres in Quebec and in Toronto as - [GTA Office Availability Still Rising, But Might Be Nearing Peak](https://www.torontocommercialproperties.ca/gta-office-availability-still-rising-but-might-be-nearing-peak/) - Office space availability rose by 60 basis points to 20.8 per cent and the number of buildings with more than 50,000 square feet available increased to 240 from 229 during the past three months, according to Avison Young’s Q3 2024 Greater Toronto Office Market Report. Overall vacancy also continued to rise, up 40 basis points - [Crestpoint Rebrands 121 King St. W. Office Building Roserock Place](https://www.torontocommercialproperties.ca/crestpoint-rebrands-121-king-st-w-office-building-roserock-place/) - Renovations at 40-year-old, 540,000-sq.-ft. tower to make it more competitive in challenging Toronto market Crestpoint Real Estate Investments Ltd. has revamped its office building at 121 King St. W. in downtown Toronto and renamed it Roserock Place in an effort to give it more of an identity. The 40-year-old, 25-storey, 540,000-square-foot building was acquired by - [Commercial Tenancies And Purchase Agreements: How To Lose The Option To Buy](https://www.torontocommercialproperties.ca/commercial-tenancies-and-purchase-agreements-how-to-lose-the-option-to-buy/) - What happens when a commercial tenant has the option to purchase the property it is leasing, but the parties cannot agree on the value? The simple answer is to do what the lease says. If they don’t, it can result in the loss of a very valuable asset. In an interesting dispute, the Ontario Court - [Record Retail Occupancy Drives Strong Q3 For RioCan REIT](https://www.torontocommercialproperties.ca/record-retail-occupancy-drives-strong-q3-for-riocan-reit/) - A strong demand for well-located, essentials-based retail has resulted in RioCan Real Estate Investment Trust (REI.UN-T) achieving a record high retail committed occupancy rate of 98.6 per cent, the REIT announced as it delivered its Q3 2024 results. “We find for our sites, which are all primary market located (and) all in the high-growth markets, - [Smart Investment Acquires GTA's Woodbine Corporate Centre](https://www.torontocommercialproperties.ca/smart-investment-acquires-gtas-woodbine-corporate-centre/) - CFO Capital finances $52M transaction for five buildings in Markham Smart Investment Ltd. has acquired the Woodbine Corporate Centre in Markham, Ont. from Slate Office REIT and an unnamed minority partner for $52 million. The 359,563-square-foot complex is spread across 12 acres just north of Steeles Avenue East and is comprised of: three office buildings - [Slate Asset Management Shifts Focus From Office To 'Essential Real Estate'](https://www.torontocommercialproperties.ca/slate-asset-management-shifts-focus-from-office-to-essential-real-estate/) - Global investment firm to accelerate move into other commercial property sectors Global alternative investment firm Slate Asset Management says it plans to increase its holdings in several commercial property types as it distances itself from the office sector. The Toronto-based company that said recently it would terminate its management deal with publicly traded Slate Office - [Canada's Biggest Cell And Gene Therapy Manufacturing Facility Opens In Hamilton](https://www.torontocommercialproperties.ca/canadas-biggest-cell-and-gene-therapy-manufacturing-facility-opens-in-hamilton/) - Located in the McMaster Innovation Park, OmniaBio's new facility the largest of its kind in Canada OmniaBio Inc. announced the opening of a new cell and gene therapy (CGT) manufacturing and artificial intelligence facility, making it Canada's largest contract development and manufacturing organization facility dedicated to cell and gene therapy. The new 120,000-square-foot facility is - [Allied Sees Improving Office Demand As It Tackles Debt](https://www.torontocommercialproperties.ca/allied-sees-improving-office-demand-as-it-tackles-debt/) - But analysts cast doubt on REIT's forecast, encourage distribution changes Allied Properties, one of the country's largest office real estate investment trusts, continues to face pressure to lower its distribution as questions persist about its debt. The Toronto-based REIT reported its earnings for the third quarter and said its portfolio's occupancy and leased areas were - [Landlord Increases Focus On Essential Real Estate Such As Grocery-Anchored Retail](https://www.torontocommercialproperties.ca/landlord-increases-focus-on-essential-real-estate-such-as-grocery-anchored-retail/) - Slate Grocery REIT is refinancing US$500 million of its debt as the Toronto-based owner of American grocery-anchored retail property looks to take advantage of better terms. The REIT is managed by Slate Asset Management, owner of a 5.6% stake in 166 US shopping centres. Slate Asset recently said it was shifting its focus from office - [Toronto’s Office Capital May Be Checking Into Hotels](https://www.torontocommercialproperties.ca/torontos-office-capital-may-be-checking-into-hotels/) - Hotel buyer pool expands while office sees buy- and sell-side drop From 2022 onwards, the share of office sales volume in Toronto has declined year over year. Toronto’s record-high office vacancy rate continues to expand, which coupled with rising operating costs, has shrunk the prospective buyer pool considerably. Meanwhile, existing office owners are deploying hold - [Shake Shack Continues Canadian Expansion With Two New Locations](https://www.torontocommercialproperties.ca/shake-shack-continues-canadian-expansion-with-two-new-locations/) - New York burger chain to open outlets at Toronto's top mall for sales, major transit hub American burger chain Shake Shack is continuing its Canadian expansion and says it will launch locations at a bustling transit hub and at Toronto's busiest mall based on sales. The chain said it plans to open an outlet at - [The CRE Outlook For 2025? It's A Mixed Bag, Sector By Sector](https://www.torontocommercialproperties.ca/the-cre-outlook-for-2025-its-a-mixed-bag-sector-by-sector/) - Industry insiders expand on insights from the PwC-ULI Emerging Trends in Real Estate report at Toronto event The outlooks for Canada's commercial and residential real estate markets heading into 2025 remain mixed depending on the asset class, geography and other factors. Those were among the sentiments expressed in interviews with more than 200 Canadian C-suite - [Canada's Largest Spec Industrial Build, 1.2 Million Sq. Ft., Available For Lease](https://www.torontocommercialproperties.ca/canadas-largest-spec-industrial-build-1-2-million-sq-ft-available-for-lease/) - Lakeridge Logistics Centre in Ajax nears end of construction, sets 'gold standard' for sustainability Lakeridge Logistics Centre in Ajax, Ont., Canada’s largest speculative-build industrial property, is seeking tenants. Pure Industrial developed the 1.2-million-square-foot facility at 537 Kingston Rd. E. in the city east of Toronto. Avison Young’s Ben Sykes, Eva Destunis and Ryan Hood are - [There's A 'Bull Run' Ahead For Real Estate: KingSett's Kumer](https://www.torontocommercialproperties.ca/theres-a-bull-run-ahead-for-real-estate-kingsetts-kumer/) - Senior commercial real estate execs focus on the future as they close forum in Toronto Three high-ranking Canadian real estate executives and one European colleague closed a recent forum in Toronto by looking beyond the “Survive 'til 2025" mentality to "Hello to a Fix in 2026.” Fengate Real Estate president Jaime McKenna and CBRE Canada - [Soneil Buys 7 GTA Industrial Buildings For Over $100M](https://www.torontocommercialproperties.ca/soneil-buys-7-gta-industrial-buildings-for-over-100m/) - Millcreek Business Centre in Mississauga comprises 324,362 sq. ft. of space on 20-acre property Soneil Investments has acquired Millcreek Business Centre, comprised of seven industrial buildings in Mississauga and totalling 324,362 square feet on 20 acres of land, for more than $100 million from GWL Realty Advisors (GWLRA). The 2020 annual report for GWLRA’s Canadian - [Broccolini Sells 980,000-Sq.-Ft. Cornwall Dist. Centre For $246.35M](https://www.torontocommercialproperties.ca/broccolini-sells-980000-sq-ft-cornwall-dist-centre-for-246-35m/) - Michelin acquires two-building complex located near Ontario-Quebec, and U.S. borders Broccolini has sold two industrial buildings totalling almost a million square feet, located on 63 acres of land in Cornwall, Ont., to Michelin for $246.35 million. Broccolini purchased 80 acres from the City of Cornwall in Cornwall Business Park in June 2022. It’s across the - [Personal Approach Nets SIOR Canada Honour For Toronto Broker](https://www.torontocommercialproperties.ca/personal-approach-nets-sior-canada-honour-for-toronto-broker/) - Katya Shabanova, senior vice president at Cushman & Wakefield, gets nod as 2024 Office Broker of the Year One of the best ways to flourish in the office brokerage business is by treating customers a little bit differently, instead of it being a standard commercial association. “Knowing that we’re in a relationship business and not - [UHN Acquires Downtown Toronto Office Tower To Expand Hospital](https://www.torontocommercialproperties.ca/uhn-acquires-downtown-toronto-office-tower-to-expand-hospital/) - Plans to use 522 University Ave. building for cancer treatment, research The University Health Network (UHN) is extending its reach with the acquisition of 522 University Ave. in Toronto, one of the three largest office building sales in the city in 2024. The transaction will both allow the hospital network to expand its capabilities and - [Big Change Coming In The U.S., And It Will Affect Canadian Investors](https://www.torontocommercialproperties.ca/big-change-coming-in-the-u-s-and-it-will-affect-canadian-investors/) - Donald Trump is returning as the U.S. president. Republicans will control both the House and Senate. This has major implications for the commercial real estate and investment sectors, so it's no surprise a recent Global Property Market discussion was heavily focused on the potential fallout. Participants in the Global Property Market discussion, earlier this month - [Willowdale, Empire Continental, Precedent: A Rebrand For Changing Times](https://www.torontocommercialproperties.ca/willowdale-empire-continental-precedent-a-rebrand-for-changing-times/) - Toronto-based Willowdale manages six portfolio companies; land division becomes standalone operation Willowdale Asset Management (Willowdale) and one of its portfolio companies have recently undergone some big structural changes. Willowdale is now owner and manager of six portfolio companies, while Empire Continental Land, formerly the land division of Empire Communities, is now rebranded as standalone entity - [What Office Tenants Want - And How Landlords Are Delivering](https://www.torontocommercialproperties.ca/what-office-tenants-want-and-how-landlords-are-delivering/) - The office sector is still adjusting to lingering fallout from the pandemic and the effects of hybrid work policies, but savvy businesses should already be looking ahead to the next major wave of change. That was a key message during a discussion at the recent Real Estate Forum in Toronto, which focused on what tenants - [Sleek 33-Storey Development Could Be Headed For Toronto's Stockyards](https://www.torontocommercialproperties.ca/sleek-33-storey-development-could-be-headed-for-torontos-stockyards/) - Toronto-based Diamond Corp has filed for a site-specific Official Plan Amendment (OPA) to admit the development of a 33-storey mixed-use building that would bring 429 residential units and 4,596 sq. ft of retail space to The Stockyards neighbourhood. The application was submitted in mid-December, and is currently under review. If approved, the development would replace - [Massive Toronto Redevelopment Is Back On The Table After Years Of Silence](https://www.torontocommercialproperties.ca/massive-toronto-redevelopment-is-back-on-the-table-after-years-of-silence/) - A long-dormant plan to introduce an enormous four-tower development to the heart of downtown Toronto is back after a few years of radio silence. Developer Oxford Properties Group made a huge splash with its Union Park proposal back in 2019, revealing a bold new vision for the city skyline that featured designs boasting swooping curves - [Northstar Plans To Be 'Tim Hortons Of Asphalt Shingle Recycling'](https://www.torontocommercialproperties.ca/northstar-plans-to-be-tim-hortons-of-asphalt-shingle-recycling/) - Company leases Hamilton site for facility to recycle 40,000 tonnes annually; Calgary plant nears completion Asphalt shingle recycler Northstar Clean Technologies Inc. is moving ahead with a facility in Hamilton to reprocess tens of thousands of tonnes of roofing material each year. Then, it plans to replicate the facility in cities across North America. The - [Investment Market Activity In Retail Expected To Heat Up: Morguard](https://www.torontocommercialproperties.ca/investment-market-activity-in-retail-expected-to-heat-up-morguard/) - Morguard has released its 2025 Canadian Economic Outlook and Market Fundamentals Report – a comprehensive analysis highlights trends and opportunities shaping the real estate market as Canada gears up for a rebound amid improving economic conditions. “Retail leasing tightens as national and international brands expand their physical footprints, driving increased competition for high-quality spaces in top-performing shopping centres,” - [Canada Braces For Tariffs, But Impact Will Not Be Evenly Felt Across Provinces](https://www.torontocommercialproperties.ca/canada-braces-for-tariffs-but-impact-will-not-be-evenly-felt-across-provinces/) - The Canadian economy is bracing for considerable economic disruptions resulting from U.S. President Trump’s executive order to impose sweeping tariffs on Canadian exports. While not everyone is convinced that all of the tariffs will come to fruition, the threat to Canada’s economy is real and significant. The value of exports to the United States amounted - [These Areas Of The Country Are Expected To Lose The Most From US Tariffs](https://www.torontocommercialproperties.ca/these-areas-of-the-country-are-expected-to-lose-the-most-from-us-tariffs/) - Upcoming tariffs on Canadian imports into the United States are anticipated to wreak havoc on some urban areas north of the border, while other cities can expect to feel less harm from the trade taxes set to take effect next month. The Canadian city ranked most vulnerable to the tariffs is in Atlantic Canada. Saint - [Dream's Big News Week: Strategic Review, $258M GTA Industrial Acquisition](https://www.torontocommercialproperties.ca/dreams-big-news-week-strategic-review-258m-gta-industrial-acquisition/) - UPDATED: Toronto-based Dream has provided its investors with a lot to unpack this week in the financial reports of its various entities and partnerships, from a strategic review at its residential REIT to a major Greater Toronto Area industrial acquisition and an update on the challenges facing its office REIT. Many of its subsidiary entities - [How Culture-Driven Placemaking Is Shaping Real Estate Strategies For 2025](https://www.torontocommercialproperties.ca/how-culture-driven-placemaking-is-shaping-real-estate-strategies-for-2025/) - Culture-driven placemaking is becoming a key strategy in real estate, influencing how spaces are designed to foster community engagement and authenticity. This approach is particularly shaping hotel strategies, with operators focusing on integrating hotels into vibrant neighborhoods rather than traditional downtown locations. GUEST SUBMISSION: Over the past decade, we saw how the rise of Instagram and - [Greater Toronto Area’s Top-10 CRE Transactions Of 2024](https://www.torontocommercialproperties.ca/greater-toronto-areas-top-10-cre-transactions-of-2024/) - CRE transaction volume down in the GTA, but demand remains for retail properties, suburban apartments and industrial Commercial real estate investment activity was down in the Greater Toronto Area (GTA) last year from 2023 and, after a brief spate of optimism in the fall and early winter, a series of issues continue to concern the - [Appelt, Centurion Sell Ontario Medical Office Building](https://www.torontocommercialproperties.ca/appelt-centurion-sell-ontario-medical-office-building/) - Partners upgraded and almost fully leased Royal Court Medical Centre during past four years Appelt Properties and Centurion Asset Management have sold their 112,000-square-foot Royal Court Medical Centre outpatient complex in Barrie, Ont. four years after acquiring the site and embarking on a program to upgrade the three buildings. The property, which consists of three - [GTA Office: What's For Sale, And Who Is Buying](https://www.torontocommercialproperties.ca/gta-office-whats-for-sale-and-who-is-buying/) - While it’s a long way from the boom of the past decade, Colliers' Nicholas Kendrew doesn’t think the Greater Toronto Area (GTA) office market is in the dire situation that some people believe. Activity for deals below $100 million has maintained a decent pace over the past five years and there’s been a “fairly liquid - [2025 Shapes Up As A Great Year For Global REITs: Hazelview](https://www.torontocommercialproperties.ca/2025-shapes-up-as-a-great-year-for-global-reits-hazelview/) - Data centres, seniors housing forecast as areas of strong growth Prospects are promising for REITs in 2025 according to a new global report from Hazelview Investments. For Canadian investors, the seniors housing market looks to be one of the brightest spots. “We think there’s a telling demographic for senior housing. We think the growth of - [Downtown Toronto Office Availability Dips For First Time In 5 Years](https://www.torontocommercialproperties.ca/downtown-toronto-office-availability-dips-for-first-time-in-5-years/) - But will the trend continue? JLL report sees "uncertain" future The downtown Toronto office market has just experienced its first decline in office availability in five years, according to JLL’s Q4 2024 Toronto Office Insight report. It cites “aggressive concession packages” by office owners as one contributing factor to the decline. Whether that is a - [Dream Sells 438 University Office Tower In Toronto For $105.6M](https://www.torontocommercialproperties.ca/dream-sells-438-university-office-tower-in-toronto-for-105-6m/) - Latest in a series of Greater Toronto Area office transactions in recent months Dream Office REIT (D-UN-T) has confirmed it has an agreement to sell its 438 University Ave., office tower in the heart of downtown Toronto for $105.6 million as office transaction activity in the city seems to be on the upswing. The transaction - [Dream Industrial Buys 32 Acres At Brampton Stellantis Plant](https://www.torontocommercialproperties.ca/dream-industrial-buys-32-acres-at-brampton-stellantis-plant/) - Development land is no longer needed by automaker; Dream plans new construction at the property Dream Industrial REIT (DIR-UN-T) has acquired a prime 32-acre parcel of development land in one of the most coveted locations in the Greater Toronto Area - a site that currently serves as a parking lot for the 2.95-million-square-foot Stellantis auto - [Canada's Proptech Industry Matures, Remains A Global Hub](https://www.torontocommercialproperties.ca/canadas-proptech-industry-matures-remains-a-global-hub/) - Startup funding harder to come by, mergers and acquisitions to accelerate: Proptech in Canada report There’s been a relatively steady decline in the number of Canadian proptech startups since a peak of 57 in 2020, but Canada remains a global hub for real estate innovation according to Proptech Collective’s just-released Proptech in Canada report. Toronto-based - [Walmart Plans $6.5B Investment; Sells Fleet Services Division](https://www.torontocommercialproperties.ca/walmart-plans-6-5b-investment-sells-fleet-services-division/) - Company pledges to expand its retail store network; Canada Cartage to acquire fleet services Walmart Canada has announced a $6.5-billion investment in Canada over the next five years, which it says includes “dozens of new stores across the country”, and the openings for several previously announced new facilities. Walmart also announced it is selling its - [Jump In Sales Helps Handful Of Hudson's Bay Locations Stave Off Liquidation](https://www.torontocommercialproperties.ca/jump-in-sales-helps-handful-of-hudsons-bay-locations-stave-off-liquidation/) - Six total outlets in Toronto and Montreal to remain as chain bankruptcy sell-off continues Three stores in each of Canada’s two biggest cities are the only outlets of the 96 operated by the Hudson’s Bay chain to avoid closing after a court granted the retailer's request to hold liquidation sales as part of its financial - [Can Retail Owners Absorb Millions Of Square Feet Of Hbc Space?](https://www.torontocommercialproperties.ca/can-retail-owners-absorb-millions-of-square-feet-of-hbc-space/) - Department store expected to shutter dozens of big box stores; for some shopping centre owners, this might be a blessing in disguise Hudson’s Bay Company (HBC) is expected to close at least 40 large-format stores across Canada after filing for creditor protection under the Companies’ Creditors Arrangement Act, a move which would put millions of - [In The Ebb And Flow Of Toronto’s Office Sector, Financial Firms Anchor Down While Tech Tenants Set Sail](https://www.torontocommercialproperties.ca/in-the-ebb-and-flow-of-torontos-office-sector-financial-firms-anchor-down-while-tech-tenants-set-sail/) - Toronto’s office market is adjusting based on its industry hubs Comparing office utilization rates for specific North American cities shows that the occupier makeup of certain cities has had a material impact following COVID-19. Cities that rely heavily on tech and creative companies to fill offices, such as San Francisco, have lagged behind those that - [Real Estate Returns Remain Below Average: MSCI/REALPAC Index](https://www.torontocommercialproperties.ca/real-estate-returns-remain-below-average-msci-realpac-index/) - Canadian Property Index returns 3.21 per cent in 2024: 'We are a nice, stable performing country' The MSCI/Real Property Association of Canada (REALPAC) Canadian Property Index performed better in 2024 than it had a year earlier, but total returns remained well below historical norms. The index had a total return on standing assets, excluding developments, - [Allied’s Net Loss Decreases In 2024, Operating Income Rises](https://www.torontocommercialproperties.ca/allieds-net-loss-decreases-in-2024-operating-income-rises/) - REIT reports year-end loss of $342.53 million, as it records $557.6M in writedowns on its assets Allied Properties REIT recorded a net loss of $342.53 million in 2024, down 18.6 per cent from a year earlier, as president and CEO Cecilia Williams said the company is optimistic about the coming year. The biggest drain on - [Canada's Building Permits Hit Seven-year High](https://www.torontocommercialproperties.ca/canadas-building-permits-hit-seven-year-high/) - Canada’s building permit activity ended 2024 on a high note, with the total value of permits reaching their highest level since 2017. Statistics Canada reported that building permits in December surged 11% from the previous month to a seasonally adjusted $13.15 billion – a significantly stronger gain than the 1.4% increase economists had predicted, according - [Mixed-Use Towers to Extend Vaughan Metropolitan Centre Northward](https://www.torontocommercialproperties.ca/mixed-use-towers-to-extend-vaughan-metropolitan-centre-northward/) - The transformation of the area around Vaughan Metropolitan Centre station continues with a new proposal at 60 Talman Court, somewhat to the north of where redevelopment of this commercial and industrial area has been taking place so far. The submission from MPAR Developments calls for two high-rise towers of 50 and 55 storeys. Designed by - [Allied Properties Reit Optimistic About Office Sector](https://www.torontocommercialproperties.ca/allied-properties-reit-optimistic-about-office-sector/) - Allied Properties Real Estate Investment Trust, one of Canada's largest office REITs, said it is increasingly optimistic about demand for space in its buildings, even as it is being urged to cut its distribution to shore up its balance sheet. "I want to reiterate my confidence that our portfolio will continue to hold up well - [Canada's Largest Pension Fund To Sell Its Headquarters](https://www.torontocommercialproperties.ca/canadas-largest-pension-fund-to-sell-its-headquarters/) - Canada Pension Plan Investment Board said it retained CBRE to sell its head office complex in downtown Toronto, a move that comes after the country's largest pension fund announced it would move its global headquarters next year. CBRE's offering is for a 100% freehold interest in 1 Queen St. East and 20 Richmond St. East, - [Real Estate Holdings Weigh Down Ontario Teachers' Performance](https://www.torontocommercialproperties.ca/real-estate-holdings-weigh-down-ontario-teachers-performance/) - Expansion in European logistics market bright spot during 2024, pension fund says Ontario Teachers' Pension Plan says it achieved solid financial growth in 2024, but its real estate holdings played a role in one the country's largest pension funds missing its benchmark return rate. Ontario Teachers' said its one-year total fund net return last year - [North American Office Markets Take Different Paths After Emerging From Under Pandemic Cloud](https://www.torontocommercialproperties.ca/north-american-office-markets-take-different-paths-after-emerging-from-under-pandemic-cloud/) - While office markets are finally recovering, Canada appears to be trailing its US counterpart, especially in transactions As we approach the fifth anniversary of the COVID-19 shutdown, it is worth assessing how North American office markets have since evolved. While Canada and the U.S. saw an appreciable increase in office availability following the pandemic, the - [Welltower To Buy Amica Retirement Home Chain From Ontario Teachers' For $4.6 Billion](https://www.torontocommercialproperties.ca/welltower-to-buy-amica-retirement-home-chain-from-ontario-teachers-for-4-6-billion/) - Deal with global investor will give US REIT 31 complexes across Toronto, Vancouver and Victoria Welltower, a publicly traded real estate investment trust based in the United States, agreed to buy the Amica Senior Lifestyles chain from the Ontario Teachers’ Pension Plan as demand rises across Canada for retirement homes. The Toledo, Ohio-based seniors living company, said - [Canadian Government Defends Acquisition As It Plans To Sell Other Office Properties](https://www.torontocommercialproperties.ca/canadian-government-defends-acquisition-as-it-plans-to-sell-other-office-properties/) - Officials say purchase from Allied REIT will save taxpayers $67 million Canada’s federal government has purchased an office property in downtown Ottawa after vowing to sell off or repurpose up to half of the office properties it owns in the national capital area. The Canadian federal government paid about $51 million for a two-building portfolio - [More Collaborative Approach Needed To Address What Ails The Office And Residential Sectors](https://www.torontocommercialproperties.ca/more-collaborative-approach-needed-to-address-what-ails-the-office-and-residential-sectors/) - Balancing the risks of office and multifamily markets could help stabilize the economy Canada's various real estate markets are facing myriad crises. Office landlords are reckoning with the erosion of net operating incomes, condo developers are sitting on landbanks unable to get development financing, ringing alarm bells for future unemployment in the construction industry, and - [Office Sales Dry Up Across The Greater Toronto Area](https://www.torontocommercialproperties.ca/office-sales-dry-up-across-the-greater-toronto-area/) - The office market across the Greater Toronto Area has seen a significant drop in transaction volumes compared to pre-pandemic years. While the drop in office utilization is likely a factor, tighter capital markets and growing uncertainty surrounding the stability of the Canadian economy are also contributing. Comparing the last three years to the three years - [Toronto's Slate Asset Management Continues To Expand In Europe](https://www.torontocommercialproperties.ca/torontos-slate-asset-management-continues-to-expand-in-europe/) - Global investor strikes deal to buy 45 retail properties in Germany Toronto-based Slate Asset Management is increasing its presence in Germany with a deal to buy 45 retail properties as it further shifts its investment focus to essential properties such as grocery stores. Slate said the properties are near major populations and are fully leased - [Tech Firm's Office Lease Renewal And Expansion Builds Momentum In Ontario's Struggling Suburban Market](https://www.torontocommercialproperties.ca/tech-firms-office-lease-renewal-and-expansion-builds-momentum-in-ontarios-struggling-suburban-market/) - After a negotiation process that took months, the Candian division of a global semiconductor manufacturer renewed its lease by expanding in an office building northeast of Toronto, filling all the remaining available space in the building. The lease renewal and expansion at 105 Commerce Valley Drive in Markham, Ontario, proved to be a significant transaction. - [Soneil's Purchase Of Millcreek Business Centre Gives Flex-industrial Sales In Mississauga A Needed Jolt](https://www.torontocommercialproperties.ca/soneils-purchase-of-millcreek-business-centre-gives-flex-industrial-sales-in-mississauga-a-needed-jolt/) - The transaction was for $104 million, but more importantly, the sale of the Millcreek Business Centre set a standard for valuing industrial-flex properties in Mississauga, in the suburbs of Toronto. The deal for seven properties earned the 2025 CoStar Impact Award for sale/acquisition of the year in Toronto, as judged by a panel of real - [The Market At 70King Revitalizes Faded Downtown Oshawa Social Hub In Canada's Former 'motor City'](https://www.torontocommercialproperties.ca/the-market-at-70king-revitalizes-faded-downtown-oshawa-social-hub-in-canadas-former-motor-city/) - Redevelopment of the Year for the Toronto Market It was once a centrepiece of the economy in a General Motors-dominated town east of Toronto, and the redevelopment of the hotel property in Oshawa has become part of the city's downtown revitalization story. The Genosha Hotel first opened its doors in 1929 and welcomed numerous high-profile - [Canada's Top-15 CRE Transactions During 2024](https://www.torontocommercialproperties.ca/canadas-top-15-cre-transactions-during-2024/) - Student housing portfolio acquisition, major shopping centre deal take top spots A $1.7-billion student housing portfolio and a Montreal-area shopping centre transaction were the top commercial real estate transactions in Canada during 2024. Cadillac Fairview’s $553.2 million buyback last August of its 50 per cent interest in the 266-store CF Carrefour Laval shopping centre from - [Retail Property Owner Ruby Liu Inks Deal For 28 Hudson's Bay Leases](https://www.torontocommercialproperties.ca/retail-property-owner-ruby-liu-inks-deal-for-28-hudsons-bay-leases/) - Vancouver-based store owner announces plans to launch department store concept in Canada Vancouver shopping centre owner Weihong Ruby Liu has followed through on her promise to grab part of the iconic Hudson’s Bay department store empire, saying she struck a deal to take over 28 HBC leases in Ontario, Alberta and British Columbia. With the - [Top Sales And Leases Recognized In Canada](https://www.torontocommercialproperties.ca/top-sales-and-leases-recognized-in-canada-4/) - A look at the big real estate deals brokers wrapped up in the first quarter Primaris Real Estate Investment Trust's $375 million deal to buy a mall and surrounding properties east of Toronto was Canada's largest real estate transaction during the first quarter, making it one of the top deals recognized in the latest CoStar - [3 New Buildings Planned At GTA's 1.5M-Sq.-Ft. IP Park](https://www.torontocommercialproperties.ca/3-new-buildings-planned-at-gtas-1-5m-sq-ft-ip-park/) - Intermarket plans to build out industrial and data centre facilities at 80-acre Cambridge property Intermarket Properties has developed three buildings at its 80-acre IP Park in Cambridge, a city just west of Toronto, and is ready to launch three additional buildings at the site. Intermarket assembled, zoned and serviced the lands to create the IP - [Top Retail Leases Recognized For Toronto](https://www.torontocommercialproperties.ca/top-retail-leases-recognized-for-toronto-2/) - Prominent retail leases signed by Pickleplex Social Club, Fotile and Uptown Montessori School-Woodbridge negotiated by top dealmakers from Royal LePage Frank, CBRE and Cushman & Wakefield are among the first-quarter retail leases recognized by CoStar. As big-ticket items involving sizable investments, commercial property transactions often have a wider impact within the community. CoStar is pleased - [BGO Cold Chain, Stonemont Open First Cdn. Cold-Storage Facility](https://www.torontocommercialproperties.ca/bgo-cold-chain-stonemont-open-first-cdn-cold-storage-facility/) - 172,000-sq.-ft. facility in GTA city of Oshawa to be operated by Martin Brower BGO Cold Chain is one of the world's largest cold-storage investors, but it has just recently opened its first facility in Canada for operator Martin Brower at the Northwood Business Park in Oshawa, Ont. The facility was developed in partnership with Stonemont - [Top Property Sales Recognized For Greater Toronto](https://www.torontocommercialproperties.ca/top-property-sales-recognized-for-greater-toronto/) - A prominent general retail deal handled by TD Securities and CBRE and an industrial disposition arranged by Cushman & Wakefield are among the top first-quarter property sales recognized by CoStar for greater Toronto. As big-ticket items involving sizable investments, commercial property transactions often have a wider impact within the local community. Here are the property - [RioCan Takes $209M Hit Thanks To HBC, As REITS Begin Q1 2025 Reports](https://www.torontocommercialproperties.ca/riocan-takes-209m-hit-thanks-to-hbc-as-reits-begin-q1-2025-reports/) - RioCan REIT and CT REIT released their Q1 2025 financial and operational results on May 5, and while RioCan had to absorb a $209-million hit thanks to its involvement with Hudson's Bay Company, CT REIT had no such blips on its radar. CT REIT has approved a 2.5 per cent distribution increase to unitholders after - [Top Industrial Leases Recognized For Toronto](https://www.torontocommercialproperties.ca/top-industrial-leases-recognized-for-toronto-3/) - Prominent industrial leases signed by ID Logistics, Apps Transport Group and 18 Wheels negotiated by top dealmakers from CBRE, Metrus Properties and Colliers are among the first-quarter industrial leases recognized by CoStar. As big-ticket items involving sizable investments, commercial property transactions often have a wider impact within the community. CoStar is pleased to recognize the - [Why 2025 Is A Big Year For Real Estate](https://www.torontocommercialproperties.ca/why-2025-is-a-big-year-for-real-estate/) - Longtime commercial real estate broker Bob Knakal joins the podcast to discuss the current market cycle and why 2025 is a big year for real estate. He also talks about artificial intelligence in real estate, and offers predictions about what to expect from the market through the rest of this year. Finally, Knakal also shares some tips - [Top Office Leases Recognized For Toronto](https://www.torontocommercialproperties.ca/top-office-leases-recognized-for-toronto/) - Prominent office leases signed by AstraZeneca PLC, Allstate and Metrolinx negotiated by top dealmakers from Cushman & Wakefield, Avison Young and CBRE are among the first-quarter office leases recognized by CoStar. As big-ticket items involving sizable investments, commercial property transactions often have a wider impact within the community. CoStar is pleased to recognize the following - [Industrial Land Site Attracts Interest North Of Toronto](https://www.torontocommercialproperties.ca/industrial-land-site-attracts-interest-north-of-toronto/) - A group of private investors hopes an ongoing development boom in a region just north of the Greater Toronto Area means this is a good time to market a tract of employment land near the town of Alliston. Three potential purchasers have expressed serious interest in the 98.64 acres of vacant land at 7133 Industrial - [Walmart Canada Opens Its First Pharmacy Clinic](https://www.torontocommercialproperties.ca/walmart-canada-opens-its-first-pharmacy-clinic/) - Walmart has opened its first pharmacy clinic in Canada, joining a growing trend of drugstores and retailers providing medical services to take pressure off the country's health care system. The retailer said it launched the clinic at its Walmart Supercentre at 420 Vansickle Road in St. Catharines, Ontario, about an hour south of Toronto. Pharmacies - [Expansion To Lift Hilton Over 200 Hotels In Canada In 2025](https://www.torontocommercialproperties.ca/expansion-to-lift-hilton-over-200-hotels-in-canada-in-2025/) - An ongoing expansion push will drive global hospitality company Hilton over 200 hotels in Canada this year, and that growth isn't expected to slow anytime soon. Hilton and Mississauga-based Inspiration Group have just signed a franchise agreement for Tempo by Hilton Toronto Airport, which is slated to open in 2028. The 16-storey, 193-room property, to - [Allied To Sell More Properties To Reduce Debt, Strengthen Balance Sheet](https://www.torontocommercialproperties.ca/allied-to-sell-more-properties-to-reduce-debt-strengthen-balance-sheet/) - Allied Properties REIT is continuing to sell assets as part of the large real estate investment trust's strategy to strengthen its balance sheet. Allied told analysts on a conference call it has contracts to sell three properties for about $50 million. "On March 25, 2025, Allied entered into an agreement to sell the Boardwalk-Revillion Building - [More Than Retail: How Culture-Driven Placemaking Is Picking Up Steam In CRE](https://www.torontocommercialproperties.ca/more-than-retail-how-culture-driven-placemaking-is-picking-up-steam-in-cre/) - For a long time in commercial real estate, retail tenant strategies were seen as the primary foundation to placemaking, following the thinking if you build it, it will come. Now a growing number of developers and asset owners in Canada and the U.S. are increasingly embracing the concept of culturally driven placemaking activations as a - [Riocan Off To 'Strong Start' In Quest To Sell Interests In Its Apartment Holdings](https://www.torontocommercialproperties.ca/riocan-off-to-strong-start-in-quest-to-sell-interests-in-its-apartment-holdings/) - RioCan Real Estate Investment Trust is looking to sell some of its major rental apartment holdings, a strategy Canada's oldest real estate investment trust is implementing as activity in the overall housing market slows. Jonathan Gitlin, president and CEO of RioCan, told analysts during a conference call to discuss its quarterly earnings that the retail - [Sault Ste. Marie's Largest Mall Added To List Of Retail Sites Being Sold In Receivership Proceedings](https://www.torontocommercialproperties.ca/sault-ste-maries-largest-mall-added-to-list-of-retail-sites-being-sold-in-receivership-proceedings/) - CBRE is marketing the largest shopping centre in Northern Ontario's Sault Ste. Marie region, Station Mall, the most recent large shopping centre in the province to be put up for sale under receivership proceedings. “I think there's a lot of upside potential for the property,” CBRE executive vice-president Lauren White told RENX in an interview - [Ravelin Sells Oshawa Office Property To Pay Down Debt](https://www.torontocommercialproperties.ca/ravelin-sells-oshawa-office-property-to-pay-down-debt/) - Ravelin Properties REIT, a Toronto-based landlord that recently rebranded after previously trading as Slate Office, is selling another property as it looks to pay down debt and strengthen its balance sheet amid liquidity concerns. Ravelin, a real estate investment trust with about 50 commercial properties in Canada, the United States, and Ireland, sold 1189 Colonel - [Second Cup, Firm Controlling 170-Shop Global Coffee Chain, Files For Creditor Protection](https://www.torontocommercialproperties.ca/second-cup-firm-controlling-170-shop-global-coffee-chain-files-for-creditor-protection/) - Financial problems are brewing for The Second Cup Coffee Company. The global chain that controls 170 coffee shops in 20 countries from Pakistan to Egypt has filed for creditor protection in Ontario after company directors said the firm cannot repay a $8.9 million debt owed to creditor Arbat Capital Group. The Toronto-area-based company also operates - [Canada's Retail CRE Continues To Perform Well](https://www.torontocommercialproperties.ca/canadas-retail-cre-continues-to-perform-well/) - Mixed-use redevelopments, low inventory and low vacancy among factors buoying sector, despite high-profile store failures Canada’s retail real estate has generally performed well of late and is playing a growing role in mixed-use developments to position itself for long-term success. A panel discussion at the June 5 Land & Development conference at the Metro Toronto - [Industrial Sector Shifts Gears Into Wait-And-See Mode](https://www.torontocommercialproperties.ca/industrial-sector-shifts-gears-into-wait-and-see-mode/) - The boom times have ended, and industrial real estate owners and tenants across Ontario’s industrial heartland are in wait-and-see mode as vacancy rises and downward pressure increases on leasing rates. The immediate question is how far the slowdown might go. But the mood was far from sombre during a deep dive into the industrial sector - [There's Cautious Optimism For Canadian CRE](https://www.torontocommercialproperties.ca/theres-cautious-optimism-for-canadian-cre/) - Real estate investors are expressing cautious optimism for the latter half of 2025, despite lingering headwinds that remain concerning for industry professionals. According to a new study, the vast majority of Avison Young real estate professionals surveyed are convinced overall investment activity will stay the same (48 per cent) or improve (45 per cent) for - [iQ's Upscale 302 Bay Office Competes With 'Comforts Of Home'](https://www.torontocommercialproperties.ca/iqs-upscale-302-bay-office-competes-with-comforts-of-home/) - iQ Offices’ 302 Bay, a historic 14-storey heritage building in the heart of downtown Toronto’s Financial District, is now fully open. The almost 60,000 square feet of space in a former Bank of Montreal building was modelled after The Ned City of London, a private members’ club and hotel in the former Midland Bank headquarters - [Go Station To Open Up Woodbine Racetrack For Major Development](https://www.torontocommercialproperties.ca/go-station-to-open-up-woodbine-racetrack-for-major-development/) - A new GO Transit commuter train station at Toronto’s suburban Woodbine Racetrack is being touted as the anchor to kick off one of Canada’s largest urban developments by the facility owners, Woodbine Entertainment. Construction on the new Metrolinx GO Station was officially started today on the track’s sprawling 684-acre property along Rexdale Boulevard, in Rexdale, - [Hullmark Buys Stake In Jane Finch Mall, Huge Redevelopment](https://www.torontocommercialproperties.ca/hullmark-buys-stake-in-jane-finch-mall-huge-redevelopment/) - Toronto-based developer Hullmark has acquired a minority stake in the Jane Finch Mall property, and with majority owner Brad-Jay Investments Ltd., plans to move forward with a major multi-phased, mixed-use redevelopment. Financial details of the partnership have not been disclosed. Brad-Jay’s development proposal for the site - which it has owned and operated since 1968 - [GWLRA Unveils 3-Tower Plan For Toronto College Park Redevelopment](https://www.torontocommercialproperties.ca/gwlra-unveils-3-tower-plan-for-toronto-college-park-redevelopment/) - GWL Realty Advisors (GWLRA) has unveiled a “once-in-a-generation revitalization” of one of Toronto’s most iconic properties, the 95-year-old College Park building at Yonge and College streets in the heart of the downtown core. The plan includes three new highrise towers from 65 to 96 storeys -- including one "super-tall" building. After announcing several months ago - [Leyad Buys Niagara's Pen Centre Mall For $140M](https://www.torontocommercialproperties.ca/leyad-buys-niagaras-pen-centre-mall-for-140m/) - Leyad is again expanding its major retail property portfolio with the acquisition of the Pen Centre in Niagara Region for $140 million, the Montreal-based private investment firm announced. Calling it a “landmark transaction” for the company, Leyad CEO Henry Zavriyev said part of the attraction for the Pen Centre is its potential for future residential - [Cadillac Fairview Relies On Its Eateries To Boost Profitability](https://www.torontocommercialproperties.ca/cadillac-fairview-relies-on-its-eateries-to-boost-profitability/) - Tasty food offerings cited as landlord dominates list of Canada's top money-making shopping malls Mall food needs to be good, Lillian Tummonds says. She adds that successful menus are a central ingredient to Cadillac Fairview's success in dominating an annual survey of Canada's most profitable shopping centres. The mall owner's senior vice president of retail - [Toronto Investor Affirms Commitment To Suburban Office Sector](https://www.torontocommercialproperties.ca/toronto-investor-affirms-commitment-to-suburban-office-sector/) - Commercial real estate investment firm Crown Realty Partners affirmed its commitment to the suburban office sector with the purchase of two properties in Toronto's southwest suburbs. The Toronto-based company said it acquired 1111 and 1122 International Blvd., a pair of seven-storey office properties in Burlington, about 60 kilometres southwest of Toronto. The purchase of the - [Canada Infrastructure Bank Provides Loan To Fund Energy Efficiency Upgrades For Commercial Properties](https://www.torontocommercialproperties.ca/canada-infrastructure-bank-provides-loan-to-fund-energy-efficiency-upgrades-for-commercial-properties/) - Crown corporation completes $50 million loan to Dream Industrial to upgrade 34 warehouses Dream Industrial Real Estate Investment Trust closed a $50 million loan with Canada Infrastructure Bank, a federal Crown corporation, to retrofit 34 industrial buildings in Alberta, Ontario and Quebec. Canadian Infrastructure Bank, or CIB, said the investment in Dream Industrial will support - [Couche-tard To Add Circle K Stores As Global Chain Ponders Expanding Offerings](https://www.torontocommercialproperties.ca/couche-tard-to-add-circle-k-stores-as-global-chain-ponders-expanding-offerings/) - While Couche-Tard executives have been trying to hammer out a megadeal to acquire the 7-Eleven convenience store chain from Seven & i Holdings, construction workers have been wielding tools in an effort to build more Couche-Tard stores. The Laval, Quebec-based convenience store owner of the Circle K convenience store empire aims to complete 41 new - [Decathlon To Close Five Toronto-area Sporting Goods Stores](https://www.torontocommercialproperties.ca/decathlon-to-close-five-toronto-area-sporting-goods-stores/) - French chain to cease operations in Vaughan, Brampton, Burlington, Markham and Scarborough, considers opening smaller stores Decathlon is closing five of its 20 stores in Canada, all in the Toronto area, after the French sporting goods chain expanded aggressively following its arrival in 2018. The sporting goods retailer said it will close its stores in - [Some Property Pros Are More Optimistic Over Prospects For Rest Of Year](https://www.torontocommercialproperties.ca/some-property-pros-are-more-optimistic-over-prospects-for-rest-of-year/) - More than nine out of 10 Avison Young professionals in Canada foresee commercial real estate activity increasing or at least holding steady in the second half of 2025, according to a mid-year survey by the real estate services firm. Only 7% of Avison Young brokers who responded to the in-house survey had a negative outlook - [Toronto’s Top Buyers Drive Market Momentum In 2025](https://www.torontocommercialproperties.ca/torontos-top-buyers-drive-market-momentum-in-2025/) - Toronto’s commercial real estate investment sales market has softened in 2025 compared to recent years. However, this lower-sales trend is not uniform across all asset classes. The decline has been driven by a significant pullback in office transactions, which continue to face demand challenges from hybrid work and elevated vacancy rates. In contrast, sales of - [Guinness World Records Recognizes Mark Set By Canadian Solar Panel Facade Maker](https://www.torontocommercialproperties.ca/guinness-world-records-recognizes-mark-set-by-canadian-solar-panel-facade-maker/) - Daniel Hadizadeh wants building owners to get a charge out of their properties by adding solar panels as a method of harnessing sunlight to be converted into power. Hadizadeh founded Mitrex Solar a decade ago to manufacture and install solar cladding panels on facades. Now, approximately 20 structures in Canada, the United States and the - [The Ongoing Saga Surrounding Hudson’s Bay Company (HBC) Stores In Receivership And The Sale Of Multiresidential Buildings May Be Big Headline Generators For Riocan REIT, But The Trust’s Attention Remains Focused On Its Retail Portfolio Operations](https://www.torontocommercialproperties.ca/the-ongoing-saga-surrounding-hudsons-bay-company-hbc-stores-in-receivership-and-the-sale-of-multiresidential-buildings-may-be-big-headline-generators-for-riocan-reit-but-the-trust/) - The REIT also revealed during its Q2 financial conference call on Friday it will exit from five properties it held financial interests in as a partner with HBC. RioCan is no longer providing financial resources for a stand-alone HBC store in downtown Calgary, nor those in Scarborough Town Centre, Square One Shopping Centre, CF Carrefour - [Cameron Stephens Mortgage Capital Has Launched An Accelerated Lending Program To Provide An Under 15-day Commitment Process For Single Advance Inventory, Term, Bridge And Land Loans Of Up To $15 Million](https://www.torontocommercialproperties.ca/cameron-stephens-mortgage-capital-has-launched-an-accelerated-lending-program-to-provide-an-under-15-day-commitment-process-for-single-advance-inventory-term-bridge-and-land-loans-of-up-to-15-milli/) - The program “came out of the notion that things are taking forever and it’s difficult to get any certainty from many lenders right now,” says Steve Cameron, president and COO of Cameron Stephens. “We thought if we put this program together, hopefully it would provide a service that other lenders weren’t providing right now,” namely - [Allied Properties Reit (AP-UN-T) Has Updated Its Leasing And Tenancies At Two Major Mixed-use Developments In Toronto And Vancouver, Unveiling Whole Foods Market As The Anchor Tenant At KING Toronto](https://www.torontocommercialproperties.ca/allied-properties-reit-ap-un-t-has-updated-its-leasing-and-tenancies-at-two-major-mixed-use-developments-in-toronto-and-vancouver-unveiling-whole-foods-market-as-the-anchor-tenant-at-king-toronto/) - With its partner Westbank Corp., Allied finalized a 20-year lease with Whole Foods at KING Toronto, a striking condo community that has grabbed attention for its architecture of stacked glass blocks placed in peaks and valleys designed to resemble a mountain range. The grocery store is to be the main retail tenant for the project, - [BGO Has Acquired The 300,000-plus-square-foot Rockwood Plaza At 4141 Dixie Rd. In Mississauga, Ont. From The Sitzer Group](https://www.torontocommercialproperties.ca/bgo-has-acquired-the-300000-plus-square-foot-rockwood-plaza-at-4141-dixie-rd-in-mississauga-ont-from-the-sitzer-group/) - “It had been held by that private owner for a number of decades and, as sometimes happens with private owners, there are a lot of considerations that go into a sale decision,” BGO Canada managing partner and chief investment officer Simon Holmes told RENX. “It sounds like, from what I've picked up, that there was - [95 Developments Near Sellout At Toronto Office Strata Project](https://www.torontocommercialproperties.ca/95-developments-near-sellout-at-toronto-office-strata-project/) - Toronto's 95 Developments has a project pipeline comprising 7,500 housing units, but one of its most innovative ventures is in the office sector where the company has almost sold out a strata conversion at its 95 Corporate Centre. Just seven unsold units remain at the office condo at 105 Gordon Baker Rd., in the city's - [For Foreign Investors, Canada's Fundamentals Remain Solid](https://www.torontocommercialproperties.ca/for-foreign-investors-canadas-fundamentals-remain-solid/) - Investment conditions for Canadian commercial real estate are looking more favourable compared to those in the United States, according to the Colliers Canada report Why Invest in Canada 2025. Colliers Canada head of research Adam Jacobs told RENX past perceptions Canada has made it more difficult or expensive for foreign investors may largely be out - [Mehan Group Continues Advancing Major Scarborough Development Plan](https://www.torontocommercialproperties.ca/mehan-group-continues-advancing-major-scarborough-development-plan/) - Mehan Group Ltd. and its affiliated companies have assembled a portfolio of properties valued at more than $200 million across Ontario, and it’s preparing to launch its biggest development at 2655 Lawrence Ave. E. in the Toronto suburb of Scarborough. President Sunil Mehan was born in India in 1963, moved to the United Kingdom in - [Mid-sized Retail A Prized Investment For Developers, Owners](https://www.torontocommercialproperties.ca/mid-sized-retail-a-prized-investment-for-developers-owners/) - In the wake of the COVID epidemic and amid ongoing economic headwinds, many retail real estate owners and operators have found an investment and development sweet spot in mid-sized retail plazas. Instead of focusing on larger, enclosed malls, many are concentrating their efforts on re-developing or expanding existing properties, or developing new assets in growing - [Ravelin Buys 100% Interest In 2 GTA Office Buildings; Updates Chicago Loan](https://www.torontocommercialproperties.ca/ravelin-buys-100-interest-in-2-gta-office-buildings-updates-chicago-loan/) - Ravelin Properties REIT (RPR-UN-T) has acquired the remaining 25 per cent interest in two Greater Toronto Area office properties, and has agreed to a forbearance period connected to a CIBC loan for an office property in Chicago. The two Toronto-area office assets are the Commerce West centre in Etobicoke and the Gateway Centre in Mississauga. - [Some Of Canada’s Top Commercial Buildings Were Highlighted By The Building Owners And Managers Association Of Canada](https://www.torontocommercialproperties.ca/some-of-canadas-top-commercial-buildings-were-highlighted-by-the-building-owners-and-managers-association-of-canada/) - The Outstanding Building of the Year (TOBY) awards, the most prestigious of the event, went to 15 assets across a range of building types and sizes. The TOBY winners must be BOMA BEST-certified and hold a BOMA 360 designation. BOMA Canada also named the winners of its Pinnacle Awards for companies that demonstrate excellence in ## Pages - [Home](https://www.torontocommercialproperties.ca/) - FeaturedPropertiesFully Operational Waterfront Marina & Commercial ResortFor Sale Ontario View Property Commercial ResidentialFor Sale 478 Cosburn Ave, East York View Property 3 Commercial/Residential BuildingsFor Sale 86-88 Laird Dr, Toronto, ON View Property Office SpaceFor Lease 38 Westhill Crt, Greater Sudbury View Property Retail SpacesFor Lease 3905 Keele St, North York View Property Gated Lakeside RV - [Haves](https://www.torontocommercialproperties.ca/haves/) - Investment PropertiesInvestment PropertiesLocationTypeSize (sqft.)Leaside, TorontoLand With 3 Commercial Buildings10,000 Sq FtLocation: Leaside, Toronto Type: Land With 3 Commercial Buildings Size: 10,000 Sq Ft Business for SaleBusiness for SaleLocationTypeSize (sqft.)The Kawarthas, OntarioCentral OntarioGeorgina, ONWaterfront Marina & Commercial ResortGated Lakeside RV Resort & DealershipBusiness With PropertyApprox 6.28 Acres350 Acres20.54 AcresLocation: The Kawarthas, Ontario Type: Waterfront Marina & - [Wants](https://www.torontocommercialproperties.ca/wants/) - [Agent Office](https://www.torontocommercialproperties.ca/agent-office/) - Real Estate Agent Resources, Website Tools & Marketing Tools for RealtorsAt YourSiteNeedsMe we are dedicated to helping our agents meet their maximum potential by providing them with a plethora of information, tools & technology available 24/7 here in the Real Estate Agent Resource Center. 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Click Here To Search All Small Retail Space For Rent In TorontoNo properties found - [Retail Store For Rent In Toronto](https://www.torontocommercialproperties.ca/retail-store-for-rent-in-toronto/) - Click Here To Search All Retail Store For Rent In TorontoNo properties found - [Shop For Rent In Ontario](https://www.torontocommercialproperties.ca/shop-for-rent-in-ontario/) - Click Here To Search All Shops For Rent In OntarioNo properties found - [Shop Space For Rent Toronto](https://www.torontocommercialproperties.ca/shop-space-for-rent-toronto/) - Click Here To Search All Shop Space For Rent TorontoNo properties found - [Store For Lease Toronto](https://www.torontocommercialproperties.ca/store-for-lease-toronto/) - Click Here To Search All Store For Lease TorontoNo properties found - [Yorkville Retail Space For Lease](https://www.torontocommercialproperties.ca/yorkville-retail-space-for-lease/) - Click Here To Search All Yorkville Retail Spaces For Lease $19,999,999 Active 33 Hazelton Avenue Toronto, Ontario 22,060 SqFt $18,000,000 Active 200 Cumberland Street Sub PH 02 Toronto, Ontario 3 Beds 4 Baths $17,500,000 Active 181 Davenport Road PH Toronto, Ontario 4 Beds 8 Baths $16,999,900 Active 200 Cumberland Street 3802 Toronto, Ontario 3 Beds - 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Click Here To Search All Office Spaces For Sale Downtown Toronto $1 Active 55 York Street 402 Toronto, Ontario 2,192 SqFt $950 Active 880 Ellesmere Road 318 Toronto, Ontario 1 Baths 359 SqFt $35 Active 100 Front Street E 301 Toronto, Ontario 2,500 SqFt $35 Active 100 Front Street E 302 Toronto, Ontario 1,500 SqFt - [Office Space For Rent in Richmond Hill Ontario](https://www.torontocommercialproperties.ca/commercial-office-space-for-sale-toronto/) - Click Here To Search All Office Space For Rent in Richmond Hill Ontario $1,700 Active 10255 Yonge Street 209 Richmond Hill, Ontario 800 SqFt $19 Active 15 Wertheim Court 411 Richmond Hill, Ontario 2,180 SqFt $20 Active 1550 16th Avenue E02 Richmond Hill, Ontario 1,356 SqFt $1,100,000 Active 35 West Pearce Street 32 Richmond Hill, - [Office For Sale Downtown Toronto](https://www.torontocommercialproperties.ca/office-for-sale-downtown-toronto/) - Click Here To Search All Office For Sale Downtown Toronto $22,500,000 Active 183 Wellington Street W 4602/03 Toronto, Ontario 3 Beds 5 Baths $15,800,000 Active 243 College Street Toronto, Ontario 27,852 SqFt $12,800,000 Active 335 College Street Toronto, Ontario 11,320 SqFt 4,801 Acres $10,888,000 Active 28 Cecil Street Toronto, Ontario 25 Beds 14 Baths $9,999,999 - [Ontario Industrial Space For Lease](https://www.torontocommercialproperties.ca/ontario-industrial-space-for-lease/) - Click Here To Search All Ontario Industrial Space For Lease $3,400,000 Active 156 John Street Barrie, Ontario 3 Baths 6,930 SqFt $1,698,125 Active 175 Melvin Robson Avenue 5 Aurora, Ontario 3,575 SqFt $14 Active 21 Colville Road Toronto, Ontario 15,200 SqFt $5,999,900 Active 5775 Atlantic Drive 25-30 Mississauga, Ontario 11,278 SqFt $23,295,000 Active 400 Carlingview - [Oakville Commercial Real Estate For Lease](https://www.torontocommercialproperties.ca/oakville-commercial-real-estate-for-lease/) - Click Here To Search All Oakville Commercial Real Estate For Lease $188,000 Active 128 Speers Road Oakville, Ontario 2 Baths 1,100 SqFt $4,450,000 Active 56 South Forster Park Drive Oakville, Ontario 17,424 SqFt $40 Active 2460 Neyagawa Boulevard 1C Oakville, Ontario 950 SqFt $38 Active 2460 Neyagawa Boulevard 2 Oakville, Ontario 1,971 SqFt $5,500 Active - [Ontario Commercial Land For Sale](https://www.torontocommercialproperties.ca/ontario-commercial-land-for-sale/) - Click Here To Search All Ontario Commercial Land For Sale $12,000,000 Active 330 Gilmour Street Ottawa Centre, Ontario 37,512 SqFt 0.86 Acres $24,750,000 Active 8028 Creditview Road Brampton, Ontario 99 SqFt $139,900 Active 112 Cedar Hill Side Road Mississippi Mills, Ontario 2 SqFt 9,766 Acres $1,799,900 Active 179 Garrison Road Fort Erie, Ontario $1,699,000 Active - [Oakville Office Space For Lease](https://www.torontocommercialproperties.ca/oakville-office-space-for-lease/) - Click Here To Search All Oakville Office Space For Lease $5,500 Active 60 Lakeshore Road W 1 Oakville, Ontario 1 Baths 2,165 SqFt $485 Active 1075 North Service Road W Oakville, Ontario 9,263 SqFt $297,970 Active 1075 North Service Road W 201 Oakville, Ontario 718 SqFt $551,930 Active 1075 North Service Road W 4 Oakville, - [Newmarket Retail Space For Lease](https://www.torontocommercialproperties.ca/newmarket-retail-space-for-lease/) - Click Here To Search All Newmarket Retail Space For LeaseNo properties found - 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Click Here To Search All Mississauga Commercial Space For Rent $18 Active 2650 Meadowvale Boulevard 3 Mississauga, Ontario 2,112 SqFt $549,000 Active Mississauga, Ontario 4 Baths 7,576 SqFt $5,999,900 Active 5775 Atlantic Drive 25-30 Mississauga, Ontario 11,278 SqFt $180,000 Active 2400 Dundas Street W 2 Mississauga, Ontario 1,009 SqFt $1,225,000 Active 3375 Thomas Street 3,4 - [Industrial Units For Lease Toronto](https://www.torontocommercialproperties.ca/industrial-units-for-lease-toronto/) - Click Here To Search All Industrial Units For Lease Toronto $27 Active 10910 Dixie Road B6 Brampton, Ontario 3,297 SqFt $19 Active 158 Anderson Avenue 10 Markham, Ontario 1 Baths 2,001 SqFt $2,200 Active 32 Wells Street D Guelph, Ontario 900 SqFt 12,100 Acres $18 Active 1100 Skae Drive 2 Oshawa, Ontario 2,160 SqFt $3,990,000 - [Industrial Warehouse For Rent Toronto](https://www.torontocommercialproperties.ca/industrial-warehouse-for-rent-toronto/) - Click Here To Search All Industrial Warehouse For Rent Toronto $27 Active 10910 Dixie Road B6 Brampton, Ontario 3,297 SqFt $19 Active 158 Anderson Avenue 10 Markham, Ontario 1 Baths 2,001 SqFt $2,200 Active 32 Wells Street D Guelph, Ontario 900 SqFt 12,100 Acres $18 Active 1100 Skae Drive 2 Oshawa, Ontario 2,160 SqFt $3,990,000 - 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Click Here To Search All Industrial Units For Lease In Toronto $27 Active 10910 Dixie Road B6 Brampton, Ontario 3,297 SqFt $19 Active 158 Anderson Avenue 10 Markham, Ontario 1 Baths 2,001 SqFt $2,200 Active 32 Wells Street D Guelph, Ontario 900 SqFt 12,100 Acres $18 Active 1100 Skae Drive 2 Oshawa, Ontario 2,160 SqFt - [Markham Retail Space For Lease](https://www.torontocommercialproperties.ca/markham-retail-space-for-lease/) - Click Here To Search All Markham Retail Space For LeaseNo properties found - [Medical Building For Sale Toronto](https://www.torontocommercialproperties.ca/medical-building-for-sale-toronto/) - Click Here To Search All Medical Building For Sale TorontoNo properties found - [Markham Office Space For Rent](https://www.torontocommercialproperties.ca/markham-office-space-for-rent/) - Click Here To Search All Markham Office Space For Rent $185,000 Active 7163 Yonge Street 259 Markham, Ontario 360 SqFt $139,000 Active 505 Highway 7 Road E 329 Markham, Ontario 204 SqFt $500 Active 7800 Woodbine Avenue 205 - 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Click Here To Search All Industrial Units For Rent Aurora Ontario $1,698,125 Active 175 Melvin Robson Avenue 5 Aurora, Ontario 3,575 SqFt $3,396,250 Active 175 Melvin Robson Avenue 4-5 Aurora, Ontario 7,150 SqFt $1,698,125 Active 175 Melvin Robson Avenue 4 Aurora, Ontario 3,575 SqFt $1,698,125 Active 175 Melvin Robson Avenue 16 Aurora, Ontario 3,575 SqFt - [Industrial Units For Sale Mississauga](https://www.torontocommercialproperties.ca/industrial-units-for-sale-mississauga/) - Click Here To Search All Industrial Units For Sale Mississauga $5,999,900 Active 5775 Atlantic Drive 25-30 Mississauga, Ontario 11,278 SqFt $1,199,000 Active 5359 Timberlea Boulevard 32 Mississauga, Ontario 2,950 SqFt $8,195,000 Active 6476 Kestrel Road Mississauga, Ontario 18,795 SqFt $1 Active 3176 Ridgeway Drive 60-62 Mississauga, Ontario 5,942 SqFt $17 Active 6141 Atlantic Drive 1-2 - [Oakville Commercial Lease](https://www.torontocommercialproperties.ca/oakville-commercial-lease/) - Click Here To Search All Oakville Commercial LeaseNo properties found - 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Click Here To Search All Industrial Units For Sale Toronto $29 Active 369 Keele Street Toronto, Ontario 1 Baths 1,485 SqFt $14 Active 21 Colville Road Toronto, Ontario 15,200 SqFt $23,295,000 Active 400 Carlingview Drive Toronto, Ontario 47,040 SqFt 2.06 Acres $18 Active 400 Carlingview Drive Toronto, Ontario 47,040 SqFt $65 Active 995 Bloor Street - [Industrial Units For Rent In Markham Ontario](https://www.torontocommercialproperties.ca/industrial-units-for-rent-in-markham-ontario/) - Click Here To Search All Industrial Units For Rent In Markham Ontario $1,988,888 Active 10952 Woodbine Avenue 1 Markham, Ontario 3,400 SqFt $18 Active 50 Anderson Avenue 18 Markham, Ontario 3,170 SqFt $18 Active 40 Telson Road Markham, Ontario 12,385 SqFt $8,889,500 Active 7755 Birchmount Road 101 Markham, Ontario 1 Baths 15,460 SqFt $23 Active - [New Commercial Plaza In Mississauga](https://www.torontocommercialproperties.ca/new-commercial-plaza-in-mississauga/) - Click Here To Search All New Commercial Plazas In MississaugaNo properties found - 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Click here to search all Industrial Properties for Sale in Toronto $3,400,000 Active 156 John Street Barrie, Ontario 3 Baths 6,930 SqFt $1,698,125 Active 175 Melvin Robson Avenue 5 Aurora, Ontario 3,575 SqFt $14 Active 21 Colville Road Toronto, Ontario 15,200 SqFt $5,999,900 Active 5775 Atlantic Drive 25-30 Mississauga, Ontario 11,278 SqFt $23,295,000 Active 400 - [Industrial Space For Rent Toronto](https://www.torontocommercialproperties.ca/industrial-space-for-rent-toronto/) - Click Here To Search All Industrial Space For Rent Toronto $3,400,000 Active 156 John Street Barrie, Ontario 3 Baths 6,930 SqFt $1,698,125 Active 175 Melvin Robson Avenue 5 Aurora, Ontario 3,575 SqFt $14 Active 21 Colville Road Toronto, Ontario 15,200 SqFt $5,999,900 Active 5775 Atlantic Drive 25-30 Mississauga, Ontario 11,278 SqFt $23,295,000 Active 400 Carlingview - [Industrial For Lease Toronto](https://www.torontocommercialproperties.ca/industrial-for-lease-toronto/) - Click Here To Search All Industrial For Lease Toronto $27 Active 10910 Dixie Road B6 Brampton, Ontario 3,297 SqFt $19 Active 158 Anderson Avenue 10 Markham, Ontario 1 Baths 2,001 SqFt $2,200 Active 32 Wells Street D Guelph, Ontario 900 SqFt 12,100 Acres $18 Active 1100 Skae Drive 2 Oshawa, Ontario 2,160 SqFt $3,990,000 Active - 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Click Here To Search All Industrial Space For Rent Barrie $3,400,000 Active 156 John Street Barrie, Ontario 3 Baths 6,930 SqFt $8,950 Active 18 Alliance Boulevard 8/9 & 10 Barrie, Ontario 4 Baths 5,856 SqFt 4.457 Acres $2,650 Active 18 Alliance Boulevard 10 Barrie, Ontario 2 Baths 1,648 SqFt 4.457 Acres $6,300 Active 18 Alliance - [Industrial Space For Lease Mississauga Ontario](https://www.torontocommercialproperties.ca/industrial-space-for-lease-mississauga-ontario/) - Click Here To Search All Industrial Space For Lease Mississauga Ontario $5,999,900 Active 5775 Atlantic Drive 25-30 Mississauga, Ontario 11,278 SqFt $1,199,000 Active 5359 Timberlea Boulevard 32 Mississauga, Ontario 2,950 SqFt $8,195,000 Active 6476 Kestrel Road Mississauga, Ontario 18,795 SqFt $1 Active 3176 Ridgeway Drive 60-62 Mississauga, Ontario 5,942 SqFt $17 Active 6141 Atlantic Drive - [Industrial Space for Rent Ontario](https://www.torontocommercialproperties.ca/industrial-space-for-rent-ontario/) - Click Here To Search All Industrial Space for Rent Ontario $3,400,000 Active 156 John Street Barrie, Ontario 3 Baths 6,930 SqFt $1,698,125 Active 175 Melvin Robson Avenue 5 Aurora, Ontario 3,575 SqFt $14 Active 21 Colville Road Toronto, Ontario 15,200 SqFt $5,999,900 Active 5775 Atlantic Drive 25-30 Mississauga, Ontario 11,278 SqFt $23,295,000 Active 400 Carlingview - 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Click Here To Search All Industrial Spaces For Sale Vaughan $892,000 Active 3000 Langstaff Road 6 Vaughan, Ontario 2 Baths 1,163 SqFt $2,350 Active 30 MacIntosh Boulevard 12 Vaughan, Ontario 1,000 SqFt $19 Active 50 Ritin Lane 6 Vaughan, Ontario 1 Baths 4,349 SqFt $18 Active 132 Jardin Drive 8-9 Vaughan, Ontario 6,206 SqFt $18 - [Industrial Space For Rent in Toronto](https://www.torontocommercialproperties.ca/industrial-space-for-rent-in-toronto/) - Click Here To Search All Industrial Space For Rent in Toronto $27 Active 10910 Dixie Road B6 Brampton, Ontario 3,297 SqFt $19 Active 158 Anderson Avenue 10 Markham, Ontario 1 Baths 2,001 SqFt $2,200 Active 32 Wells Street D Guelph, Ontario 900 SqFt 12,100 Acres $18 Active 1100 Skae Drive 2 Oshawa, Ontario 2,160 SqFt - [Industrial Property For Lease Mississauga](https://www.torontocommercialproperties.ca/industrial-property-for-lease-mississauga/) - Click Here To Search All Industrial Property For Lease Mississauga $1,299,900 Active 1200 Aerowood Drive 12A Mississauga, Ontario 1 Baths 2,709 SqFt $1 Active 6515 Kitimat Road Mississauga, Ontario 159,990 SqFt $2,500 Active 5250 Satellite Drive 26 B Mississauga, Ontario 800 SqFt $5,999,900 Active 5775 Atlantic Drive 25-30 Mississauga, Ontario 11,278 SqFt $1,199,000 Active 5359 - 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Click Here To Search All Industrial Property For Sale Mississauga $1,299,900 Active 1200 Aerowood Drive 12A Mississauga, Ontario 1 Baths 2,709 SqFt $1 Active 6515 Kitimat Road Mississauga, Ontario 159,990 SqFt $2,500 Active 5250 Satellite Drive 26 B Mississauga, Ontario 800 SqFt $5,999,900 Active 5775 Atlantic Drive 25-30 Mississauga, Ontario 11,278 SqFt $1,199,000 Active 5359 - [Industrial Buildings For Sale Ontario](https://www.torontocommercialproperties.ca/industrial-buildings-for-sale-ontario/) - Click Here To Search All Industrial Buildings For Sale Ontario $2,081 Active 173 Glidden Road 6 Brampton, Ontario 925 SqFt $3,400,000 Active 156 John Street Barrie, Ontario 3 Baths 6,930 SqFt $1,698,125 Active 175 Melvin Robson Avenue 5 Aurora, Ontario 3,575 SqFt $14 Active 21 Colville Road Toronto, Ontario 15,200 SqFt $5,999,900 Active 5775 Atlantic - [Industrial Condos For Sale Mississauga](https://www.torontocommercialproperties.ca/industrial-condos-for-sale-mississauga/) - Click Here To Search All Industrial Condos For Sale Mississauga $5,999,900 Active 5775 Atlantic Drive 25-30 Mississauga, Ontario 11,278 SqFt $1,199,000 Active 5359 Timberlea Boulevard 32 Mississauga, Ontario 2,950 SqFt $8,195,000 Active 6476 Kestrel Road Mississauga, Ontario 18,795 SqFt $1 Active 3176 Ridgeway Drive 60-62 Mississauga, Ontario 5,942 SqFt $17 Active 6141 Atlantic Drive 1-2 - 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[Industrial Land For Sale Toronto](https://www.torontocommercialproperties.ca/industrial-land-for-sale-toronto/) - Click Here To Search All Industrial Lands For Sale Toronto $599,900 Active Lot 2 Saveryn Road Hamilton, Ontario 3,640 SqFt $599,900 Active Lot 1 Saveryn Road Hamilton, Ontario 3,640 SqFt $4,249,000 Active 238 Berkeley Street Toronto, Ontario 6,173 SqFt $599,900 Active Lot 3 Saveryn Road Hamilton, Ontario 3,640 SqFt $5,500,000 Active 750 Queens Plate Drive - [Industrial Condo For Sale Toronto](https://www.torontocommercialproperties.ca/industrial-condo-for-sale-toronto/) - Click Here To Search All Industrial Condos For Sale Toronto $27 Active 10910 Dixie Road B6 Brampton, Ontario 3,297 SqFt $19 Active 158 Anderson Avenue 10 Markham, Ontario 1 Baths 2,001 SqFt $2,200 Active 32 Wells Street D Guelph, Ontario 900 SqFt 12,100 Acres $18 Active 1100 Skae Drive 2 Oshawa, Ontario 2,160 SqFt $3,990,000 - [For Rent](https://www.torontocommercialproperties.ca/for-rent/) - [ICI Properties](https://www.torontocommercialproperties.ca/ici/) - 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Please note Non-Disclosure Agreement may be required for projects. "*" indicates required fields Name* First Last Email* Phone*Type of Development PropertyCondoMid-riseTownhome/DetachIndustrialCommercialOtherDo you have a site? Yes No Best time to contact?Message - [ICI Ontario Commercial](https://www.torontocommercialproperties.ca/ici-ontario-commercial/) - [ICI World Commercial](https://www.torontocommercialproperties.ca/ici-world-commercial/) - [Glossary](https://www.torontocommercialproperties.ca/real-estate-glossary/) - AbatementIn simplest terms means “a reduction”. Usually in real estate it is used with a reduction in rent or amount due, but is also used with terms such as noise Abatement (putting up sound barriers to reduce noise) and Pollution abatement (controlling smokestack emissions). Reference: http://legal-dictionary.thefreedictionary.com/abatementAbsorption RateThis is a good indicator as to how fast - [Home](https://www.torontocommercialproperties.ca/home/) - [smartslider3 slider="3"] - [Commercial Retail Space For Lease In Toronto](https://www.torontocommercialproperties.ca/commercial-retail-space-for-lease-in-toronto/) - Click Here To Search All Commercial Retail Space For Lease In Toronto $3,500 Active 1012 Lagoon Street Mississauga, Ontario 1 Baths 725 SqFt $1,499,900 Active 150 VICTORIA Street N Kitchener, Ontario 3,036 SqFt $900 Active 6166 Yonge Street #3-Chair Toronto, Ontario 35 SqFt $1,195,000 Active 243 Gerrard Street E Toronto, Ontario 3 Baths 2,119 SqFt - [Commercial Retail Space For Rent In Toronto](https://www.torontocommercialproperties.ca/commercial-retail-space-for-rent-in-toronto/) - Click Here To Search All Commercial Retail Space For Rent In TorontoNo properties found - [Dental Office Space For Lease Toronto](https://www.torontocommercialproperties.ca/newmarket-office-space-for-rent/) - 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"*" indicates required fields Name* First Last Phone*Email* Can we text you?* Yes No - [Commercial Office Space For Rent Toronto](https://www.torontocommercialproperties.ca/commercial-office-space-for-rent-toronto/) - Click Here To Search All Commercial Office Space For Rent Toronto $4,500 Active 218 Jane Street Toronto, Ontario 1,100 SqFt $975 Active 293 Eglinton Avenue E Lower Toronto, Ontario 1 Baths 375 SqFt $500 Active 1100 Sheppard Avenue E 407E Toronto, Ontario 90 SqFt $1,200 Active 1100 Sheppard Avenue E 407BE Toronto, Ontario 155 SqFt - [Commercial Office Space Toronto](https://www.torontocommercialproperties.ca/commercial-office-space-toronto/) - Click Here To Search All Commercial Office Space Toronto $10 Active 29 Gervais Drive 302 Toronto, Ontario 914 SqFt $6 Active 29 Gervais Drive 212 Toronto, Ontario 914 SqFt $6 Active 29 Gervais Drive 210 Toronto, Ontario 843 SqFt $9 Active 29 Gervais Drive 204 Toronto, Ontario 1,396 SqFt $14 Active 15 Elizabeth Street L15 - [Commercial Real Estate Mississauga](https://www.torontocommercialproperties.ca/commercial-real-estate-mississauga/) - 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Click Here To Search All Commercial Land For Sale Ontario $599,900 Active Lot 2 Saveryn Road Hamilton, Ontario 3,640 SqFt $599,900 Active Lot 1 Saveryn Road Hamilton, Ontario 3,640 SqFt $4,249,000 Active 238 Berkeley Street Toronto, Ontario 6,173 SqFt $599,900 Active Lot 3 Saveryn Road Hamilton, Ontario 3,640 SqFt $5,500,000 Active 750 Queens Plate Drive - [Commercial Building For Sale Ontario](https://www.torontocommercialproperties.ca/commercial-building-for-sale-ontario/) - Click Here To Search All Commercial Buildings For Sale Ontario $27 Active 10910 Dixie Road B6 Brampton, Ontario 3,297 SqFt $449,900 Active 150 Mill Street West Grey, Ontario 2,500 SqFt $19 Active 158 Anderson Avenue 10 Markham, Ontario 1 Baths 2,001 SqFt $1,349,000 Active 791 Rock Road North Grenville, Ontario 1 Baths 16 SqFt 16.6 - [Commercial Property For Rent Toronto](https://www.torontocommercialproperties.ca/commercial-property-for-rent-toronto/) - Click Here To Search All Commercial Property For Rent Toronto $4,150,000 Active 1237 1255 Cousineau Street Orleans - Convent Glen and Area, Ontario 38,233 SqFt $749,900 Active 2343 Church Street Manotick - Kars - Rideau Twp and Area, Ontario 2,939 SqFt $110,000 Active 375 Churchill Avenue N Westboro - Hampton Park, Ontario 1 Baths $420,000 - [Commercial Real Estate Toronto For Lease](https://www.torontocommercialproperties.ca/commercial-real-estate-toronto-for-lease/) - Click Here To Search All Commercial Real Estate Toronto For Lease $3,300,000 Active 206 Carlton Street Toronto, Ontario 1 Beds 1 Baths 3,003 SqFt $30 Active 873 Fairway Street N C3 Kitchener, Ontario 1,400 SqFt 3.24 Acres $33 Active 112 Lakeshore Road E 2 Mississauga, Ontario 1,805 SqFt $120,000 Active 7215 Goreway Drive 1D17 Mississauga, - [Commercial Real Estate For Sale Ontario](https://www.torontocommercialproperties.ca/commercial-real-estate-for-sale-ontario/) - Click Here To Search All Commercial Real Estate For Sale Ontario $3,300,000 Active 206 Carlton Street Toronto, Ontario 1 Beds 1 Baths 3,003 SqFt $30 Active 873 Fairway Street N C3 Kitchener, Ontario 1,400 SqFt 3.24 Acres $33 Active 112 Lakeshore Road E 2 Mississauga, Ontario 1,805 SqFt $120,000 Active 7215 Goreway Drive 1D17 Mississauga, - 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Click Here To Search All Commercial Property For Sale GTA $3,300,000 Active 206 Carlton Street Toronto, Ontario 1 Beds 1 Baths 3,003 SqFt $30 Active 873 Fairway Street N C3 Kitchener, Ontario 1,400 SqFt 3.24 Acres $33 Active 112 Lakeshore Road E 2 Mississauga, Ontario 1,805 SqFt $120,000 Active 7215 Goreway Drive 1D17 Mississauga, Ontario - [Commercial Plaza For Sale In Ontario](https://www.torontocommercialproperties.ca/commercial-plaza-for-sale-in-ontario/) - Click Here To Search All Commercial Plaza For Sale In OntarioNo properties found - [Commercial Realtor Toronto](https://www.torontocommercialproperties.ca/commercial-realtor-toronto/) - Click Here To See The Best Commercial Realtor In Toronto $3,300,000 Active 206 Carlton Street Toronto, Ontario 1 Beds 1 Baths 3,003 SqFt $30 Active 873 Fairway Street N C3 Kitchener, Ontario 1,400 SqFt 3.24 Acres $33 Active 112 Lakeshore Road E 2 Mississauga, Ontario 1,805 SqFt $120,000 Active 7215 Goreway Drive 1D17 Mississauga, Ontario - [Commercial Property For Lease Vaughan](https://www.torontocommercialproperties.ca/commercial-property-for-lease-vaughan/) - Click Here To Search All Commercial Properties For Lease Vaughan $2,900 Active 207 Edgeley Boulevard 11(Second Floor) Vaughan, Ontario 1 Baths 1,100 SqFt $2,362,305 Active 435 Cityview Boulevard 6 Vaughan, Ontario 3,387 SqFt $17 Active 8000 Jane Street A402 Vaughan, Ontario 4,167 SqFt $17 Active 8000 Jane Street 301 Vaughan, Ontario 3,000 SqFt $17 Active - [Commercial Property For Sale In Toronto Canada](https://www.torontocommercialproperties.ca/commercial-property-for-sale-in-toronto-canada/) - Click Here To Search All Commercial Properties For Sale In Toronto Canada $3,300,000 Active 206 Carlton Street Toronto, Ontario 1 Beds 1 Baths 3,003 SqFt $30 Active 873 Fairway Street N C3 Kitchener, Ontario 1,400 SqFt 3.24 Acres $33 Active 112 Lakeshore Road E 2 Mississauga, Ontario 1,805 SqFt $120,000 Active 7215 Goreway Drive 1D17 - [Commercial Property For Lease Oakville](https://www.torontocommercialproperties.ca/commercial-property-for-lease-oakville/) - Click Here To Search All Commercial Properties For Lease Oakville $3,000 Active 3475 Rebecca Street 206 Oakville, Ontario 678 SqFt $3,400 Active 3475 Rebecca Street 207 Oakville, Ontario 828 SqFt $21 Active 136 Trafalgar Road Oakville, Ontario 2,176 SqFt $188,000 Active 128 Speers Road Oakville, Ontario 2 Baths 1,100 SqFt $4,450,000 Active 56 South Forster - 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Click Here To See The Best Commercial Real Estate Brokers Toronto $3,300,000 Active 206 Carlton Street Toronto, Ontario 1 Beds 1 Baths 3,003 SqFt $30 Active 873 Fairway Street N C3 Kitchener, Ontario 1,400 SqFt 3.24 Acres $33 Active 112 Lakeshore Road E 2 Mississauga, Ontario 1,805 SqFt $120,000 Active 7215 Goreway Drive 1D17 Mississauga, - [Commercial Listings Ontario](https://www.torontocommercialproperties.ca/commercial-listings-ontario/) - Click Here To Search All Commercial Listings Ontario $3,300,000 Active 206 Carlton Street Toronto, Ontario 1 Beds 1 Baths 3,003 SqFt $30 Active 873 Fairway Street N C3 Kitchener, Ontario 1,400 SqFt 3.24 Acres $33 Active 112 Lakeshore Road E 2 Mississauga, Ontario 1,805 SqFt $120,000 Active 7215 Goreway Drive 1D17 Mississauga, Ontario 149 SqFt - [Commercial Property For Sale In Ontario Canada](https://www.torontocommercialproperties.ca/commercial-property-for-sale-in-ontario-canada/) - Click Here To Search All Commercial Properties For Sale In Ontario Canada $3,300,000 Active 206 Carlton Street Toronto, Ontario 1 Beds 1 Baths 3,003 SqFt $30 Active 873 Fairway Street N C3 Kitchener, Ontario 1,400 SqFt 3.24 Acres $33 Active 112 Lakeshore Road E 2 Mississauga, Ontario 1,805 SqFt $120,000 Active 7215 Goreway Drive 1D17 - 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Click Here To Search All Commercial Real Estate Listings Toronto $11 Active 1104 7th Street E #4 Owen Sound, Ontario 5,000 SqFt $549,999 Active 3075 Hospital Gate Unit 9 Level 4 Oakville, Ontario 884 SqFt $799,999 Active 297 Main Street Prince Edward County, Ontario 2 Baths 1,928 SqFt $1,899,900 Active 7517 Bren Road UNIT # - [Commercial Real Estate Ontario Canada](https://www.torontocommercialproperties.ca/commercial-real-estate-ontario-canada/) - Click Here To Search All Commercial Real Estate Ontario Canada $3,300,000 Active 206 Carlton Street Toronto, Ontario 1 Beds 1 Baths 3,003 SqFt $30 Active 873 Fairway Street N C3 Kitchener, Ontario 1,400 SqFt 3.24 Acres $33 Active 112 Lakeshore Road E 2 Mississauga, Ontario 1,805 SqFt $120,000 Active 7215 Goreway Drive 1D17 Mississauga, Ontario - [Commercial Real Estate For Sale Oakville](https://www.torontocommercialproperties.ca/commercial-real-estate-for-sale-oakville/) - Click Here To Search All Commercial Real Estate For Sale Oakville $3,000 Active 3475 Rebecca Street 206 Oakville, Ontario 678 SqFt $3,400 Active 3475 Rebecca Street 207 Oakville, Ontario 828 SqFt $21 Active 136 Trafalgar Road Oakville, Ontario 2,176 SqFt $188,000 Active 128 Speers Road Oakville, Ontario 2 Baths 1,100 SqFt $4,450,000 Active 56 South - 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[Industrial Property for Sale Toronto](https://realestate.torontocommercialproperties.ca/i/industrial-property-for-sale-toronto) ## Portfolio - [FOR SALE - Commercial Residential - Toronto](https://www.torontocommercialproperties.ca/exclusives/for-sale-commercial-residential-toronto/) - [FOR LEASE - Retail/Service - East Gwillimbury](https://www.torontocommercialproperties.ca/exclusives/for-lease-retail-service-east-gwillimbury/) - Address: 17611 Woodbine Ave, East Gwillimbury, ON Available area: 23,550 sqft total. Divisible into min of 1,500 sqft Occupancy Date: TBD Price: Call Listing Brokers CLICK HERE To View Permitted Uses CLICK HERE For The Site Plan CLICK HERE For The Short Brochure CLICK HERE For The Full Project Brochure The Fixture is pleased to - [FOR LEASE - Retail Drive Through Space - East Gwillimbury](https://www.torontocommercialproperties.ca/exclusives/for-lease-drive-through-space-east-gwillimbury/) - Address: 17611 Woodbine Ave, East Gwillimbury, ON Available area: 12,500 SF total. Divisible into min of 1,500 SF Occupancy Date: TBD Price: Call Listing Brokers CLICK HERE To View Permitted Uses CLICK HERE For The Site Plan CLICK HERE For The Drive-Through Space Location CLICK HERE For The Short Brochure CLICK HERE For The Full - [FOR LEASE - Daycare Space In New Family Oriented Plaza - East Gwillimbury](https://www.torontocommercialproperties.ca/exclusives/for-lease-daycare-space-in-new-family-oriented-plaza-east-gwillimbury/) - Address: 17611 Woodbine Ave, East Gwillimbury, ON Available area: 4,150 - 11,050 SF Occupancy Date: TBD Price: Call Listing Brokers CLICK HERE To View Permitted Uses CLICK HERE For The Site Plan CLICK HERE The Daycare Location CLICK HERE For The Short Brochure CLICK HERE For The Full Project Brochure Daycare Opportunity at The Fixture - [FOR LEASE - Family Oriented Retail Plaza - East Gwillimbury](https://www.torontocommercialproperties.ca/exclusives/for-lease-family-oriented-retail-plaza-east-gwillimbury/) - Address: 17611 Woodbine Ave, East Gwillimbury, ON Site area: ±15.53 AC Price: Call Listing Brokers CLICK HERE To View Permitted Uses CLICK HERE For The Site Plan CLICK HERE For The Short Brochure CLICK HERE For The Full Project Brochure The Fixture is pleased to present this exciting new 15.53 acres mixed-use development site strategically - [FOR SALE - Fully Operational Waterfront Marina & Commercial Resort - Ontario](https://www.torontocommercialproperties.ca/exclusives/for-sale-fully-operational-waterfront-marina-commercial-resort-ontario/) - [FOR LEASE - Office/Retail Space - Toronto](https://www.torontocommercialproperties.ca/exclusives/qr1/) - QR 1 - [FOR LEASE - Office/Retail Space - Toronto](https://www.torontocommercialproperties.ca/exclusives/for-lease-office-retail-space-toronto-2/) - [FOR SALE - Commercial Residential - Toronto](https://www.torontocommercialproperties.ca/exclusives/qr3/) - [metaslider id="24137"] We’re pleased to introduce a versatile commercial property now available for sale in Etobicoke’s core employment district: 🏢 41 Chauncey Ave, Toronto (Etobicoke) CLICK HERE FOR THE BROCHURE 💰 Asking Price: Contact Listing Brokers 📐 Building Size: Approx. 6,657 sq. ft. 📍 Lot Size: - [FOR SALE - 3 Commercial/Residential Buildings - Toronto, ON](https://www.torontocommercialproperties.ca/exclusives/for-sale-development-opportunity-toronto-on/) - Lot Area: 10,000 Sq Ft Asking Price: $6,490,000 Amazing opportunity in the vibrant Leaside Community. 3 separate buildings for sale on an over 10,000 sq ft lot. Income-producing property with potential development opportunity . Live/work with commercial/residential zoning. NDA required for address, leases and financials information. [metaslider id=3246] - [FOR LEASE - Retail - Toronto](https://www.torontocommercialproperties.ca/exclusives/for-lease-retail-toronto/) - [FOR SALE - Gated Lakeside RV Resort & Dealership - Central Ontario](https://www.torontocommercialproperties.ca/exclusives/for-sale-gated-lakeside-rv-resort-dealership-central-ontario/) - [FOR LEASE - Office Spaces - Scarborough](https://www.torontocommercialproperties.ca/exclusives/for-lease-office-spaces-scarborough/) - Address: 2300 Lawrence Ave E, Toronto Available units: #218 - 1,248 SF - $11.00 psf + $19.01 TMI psf #221 - 777 SF - $14.00 psf + $19.01 TMI psf Located at the intersection of Kennedy Road & Lawrence Avenue East in Scarborough, this grocery-anchored mixed- use center offers a total of 148,770 sq. ft - [FOR LEASE - Office - Aurora](https://www.torontocommercialproperties.ca/exclusives/for-lease-office-aurora/) - Address: 235 Industrial Pkwy S 4, Aurora Available area: 1,200 sq ft Lease price: $3,500 Gross Great office solution, Second floor. Flexible Term. Utilities & internet are included in TMI (Normal usage). Lots Of Free Parking. Close To Amenities. Move-In Ready PLEASE CLICK HERE TO OPEN OR DOWNLOAD THE BROCHURE [metaslider id=4406] - [FOR LEASE - Office Space - Greater Sudbury](https://www.torontocommercialproperties.ca/exclusives/for-lease-office-space-greater-sudbury/) - [FOR LEASE - Retail Spaces - North York](https://www.torontocommercialproperties.ca/exclusives/qr-17/) - [FOR LEASE - Retail Spaces - North York](https://www.torontocommercialproperties.ca/exclusives/qr18/) - [FOR SALE – Business With Property – Georgina, ON](https://www.torontocommercialproperties.ca/exclusives/qr8/) - Address: 10246 Old Shiloh Rd, Georgina, ON L0E 1N0 Total Area: 20.54 Acres Asking Price: Contact Listing Agents Calling all dog lovers! This turn-key home & business opportunity on 20.56 acres in Georgina is a dream come true. Featuring a well-established dog grooming & boarding business, this - [FOR LEASE – Office – Toronto](https://www.torontocommercialproperties.ca/exclusives/qr12/) - Address: 88 Laird Dr, Toronto, ON M4G 3V1 Available area: 2,860 Sq Ft Lease price: $5,500 Net Lease Whole building (excluding the basement utility room and storage / separate entrance). One of the prime locations on Leaside, great exposure on Laird and on one of the busiest streets within walking distance (across the street) to - [FOR LEASE - Office/Medical Space - Toronto](https://www.torontocommercialproperties.ca/exclusives/qr11/) - 🏢 1200 Lawrence Ave E, Toronto Space: Use: Total Area: Asking Price: 300 Office/Medical 1,075 Sq Ft $3,368 Gross Lease 303 Office/Medical 489 Sq Ft $1,600 Gross Lease UNIT 300 Bright & Flexible 3rd Floor 1075 sq ft Commercial Unit for Lease! 2 large corner offices with SW and SE views of Lawrence, another open - [FOR LEASE - Office/Medical Space - Toronto](https://www.torontocommercialproperties.ca/exclusives/qr4/) - 🏢 1200 Lawrence Ave E, Toronto Space: Use: Total Area: Asking Price: 300 Office/Medical 1,075 Sq Ft $3,368 Gross Lease 303 Office/Medical 489 Sq Ft $1,600 Gross Lease UNIT 300 Bright & Flexible 3rd Floor 1075 sq ft Commercial Unit for Lease! 2 large corner offices with SW and SE views of Lawrence, another open - [FOR SALE – Retail Space – Toronto](https://www.torontocommercialproperties.ca/exclusives/qr7/) - Address: 270 Spadina Ave 3, Toronto Available area: 1,315 Sq Ft Lease price: $8,000 Net Lease This commercial retail space is located on the ground floor of the contemporary Dragon Condos. It features direct street-level exposure on Spadina Avenue, just steps south of Dundas Street West, offering unparalleled visibility and accessibility. Its prime location is - [FOR SALE – Retail Space – Toronto](https://www.torontocommercialproperties.ca/exclusives/qr9/) - Address: 270 Spadina Ave 3, Toronto Available area: 1,315 Sq Ft Price: Contact Listing Agents This commercial retail space is located on the ground floor of the contemporary Dragon Condos. It features direct street-level exposure on Spadina Avenue, just steps south of Dundas Street West, offering unparalleled visibility and accessibility. Its prime location is ideal - [FOR SALE – Retail Space – Toronto](https://www.torontocommercialproperties.ca/exclusives/qr10/) - Address: 270 Spadina Ave 3, Toronto Available area: 1,315 Sq Ft Lease price: $8,000 Net Lease This commercial retail space is located on the ground floor of the contemporary Dragon Condos. It features direct street-level exposure on Spadina Avenue, just steps south of Dundas Street West, offering unparalleled visibility and accessibility. Its prime location is - [FOR LEASE - Office - Newmarket](https://www.torontocommercialproperties.ca/exclusives/qr16/) - Address: 1111 Stellar Dr 11, Newmarket Available area: 6,526 Sq Ft Lease price: $17.50 Net Lease + $3.30/2024/T.M.I. Bright Professional Office Space With A Good Mix Of Open Area, Executive Offices, Boardrooms, A Communication Room, Washrooms, A Reception Desk, And A Kitchen. CLICK HERE FOR THE BROCHURE [metaslider id="23921"] - [FOR LEASE - Office Space - Scarborough, ON](https://www.torontocommercialproperties.ca/exclusives/for-lease-office-space-smith-falls-on/) - 🏢 2190 Warden Ave, 212a, Toronto, ON 💰 Asking Price: $18 Sq Ft Net 💲Taxes: $14/2024/T.M.I. 📐 Total Area: 680 Sq Ft 🛠️ Use: Office 📍 Location: - [FOR LEASE - Office - Aurora (PRINTABLE)](https://www.torontocommercialproperties.ca/exclusives/for-lease-office-aurora-printable/) - Address: 235 Industrial Pkwy S 4, Aurora Available area: 1,200 sq ft Lease price: $3,500 Gross Great office solution, Second floor. Flexible Term. Utilities & internet are included in TMI (Normal usage). Lots Of Free Parking. Close To Amenities. Move-In Ready PLEASE CLICK HERE TO OPEN OR DOWNLOAD THE BROCHURE [metaslider id=4406] ## Fusion Elements - [Copyright GLOBAL - DO NOT DELETE](https://www.torontocommercialproperties.ca/fusion_element/copyright-global-do-not-delete/) - Copyright © 2004 – Stephen and Mariya Lilly, RE/MAX Hallmark Realty Ltd. 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Char is incredibly knowledgeable and responsive. She has made creating a website for our company a seamless, easy,and profitable experience! I highly recommend YourSiteNeedsMe to anyone looking to create an online success story, - [Mark Taylor Arizona Mortgage (TheMortgageMoment)](https://www.torontocommercialproperties.ca/testimonial/mark-taylor-arizona-mortgage-themortgagemoment/) - I have known Charra for over 14 years she has done all my websites - and has helped all my agent partners who are serious about gaining more web traffic and converting that traffic into long term client sales. Awesome visual, technical skills plus she is easy to work with. If you are in real - [Brian Brannigan](https://www.torontocommercialproperties.ca/testimonial/brian-brannigan/) - YourSiteNeedsMe has been wonderful to work with. Their knowledge and support enabled us to update our website to provide our our customers a great user experience on our website. They more then a vendor, they are a partner in our success! Thanks again Char. - [Gennifer Mallard](https://www.torontocommercialproperties.ca/testimonial/gennifer-mallard/) - I spent many months researching different companies and asking questions. My decision was initialed based on the value of the service they were providing along with the quality of work. But, they ended up going the extra mile for me and then another 100 miles. They perfected my site down to every detail and I - [Jane Francis Cross](https://www.torontocommercialproperties.ca/testimonial/jane-francis-cross/) - It was a pleasure working with Charra and Jamie through the ins and outs of my rather large web site! This was a task that took a couple of Masters of WP sites, as my site had to be totally remade on a mobility friendly platform. The site was approximately 500 pages, so, no small - [Ed Fawcett](https://www.torontocommercialproperties.ca/testimonial/ed-fawcett/) - I was surprised with a dead battery on a rainy Sat. morning while visiting from AZ. After getting a "jump," I was recognized and welcomed by Ray in the service department like I'd never moved away. In spite of a busy morning he took care of me efficiently and quickly had me on my way. - [Joy Odjegba](https://www.torontocommercialproperties.ca/testimonial/joy-odjegba/) - Yoursiteneedsme was fantastic to work with. Our site looks amazing. It’s design is modern, easy to navigate, functional & captures the vision & image of our company. We continue to receive compliments on the site. Thanks to Char, we now have a site that we can be proud of. We look forward to working with - [Derhyl Pruitt - Pruitt Miller Realty Group](https://www.torontocommercialproperties.ca/testimonial/derhyl-pruitt-pruitt-miller-realty-group/) - Charra and the YSNM staff have been game changers for my business. I hit the jackpot when I came across these wonderful people while searching for assistance with a major website conversion. I found Charra to be extremely knowledgeable and she offered so many recommendations that have been critical to my current success. She and - [Dan Bondy](https://www.torontocommercialproperties.ca/testimonial/dan-bondy/) - Justin did an excellent job. He was very efficient and explained thoroughly what he did. The one thing that could improve for this service was the timing established in advance for me. I stayed home from 7 to 11 am, and I was called at about 10:40 am and told that he would be there - [Kerry Tripp](https://www.torontocommercialproperties.ca/testimonial/kerry-tripp/) - Everyone very helpful and professional, awesome service. - [randy holt](https://www.torontocommercialproperties.ca/testimonial/randy-holt/) - It is really hard to express in words the level of service that I received. I knew nothing about my site, but Char took the time to show me how to use the site. The turn around time with updates and changes were the same day, and if not, she communicated with me the expected - [Jimmy Petty](https://www.torontocommercialproperties.ca/testimonial/jimmy-petty/) - Charra and her team are top notch! Love my new site and their continuous support! - [Clayton Bonjean](https://www.torontocommercialproperties.ca/testimonial/clayton-bonjean/) - These guys are the best. They really helped me bring my real estate website to the next level And tripled my traffic with smart at Seo help. I was amazed at all they were able to accomplish. - [RE/MAX Keys Connection](https://www.torontocommercialproperties.ca/testimonial/re-max-keys-connection/) - Char and her team at YourSiteNeedsMe are beyond amazing. Hiring a website company is a daunting task and our brokerage had a bad experience with our previous developer. We we're apprehensive to switch companies but knew we needed to get moving in the right direction. After getting on board with YourSiteNeedsMe we have no regrets. - [Ted Tyndall](https://www.torontocommercialproperties.ca/testimonial/ted-tyndall/) - Not only did Charra and her team build me a website for my Real Estate business at 25% of other quotes I had but their service was and is phenomenal. The site looks fantastic and they never complained about all my e-mails and questions before and during the build process. Anyone considering having a website - [Jack Cooper](https://www.torontocommercialproperties.ca/testimonial/jack-cooper/) - Extremely helpful! Excellent service and follow up! Very Professional Website! Bargain Price! I highly recommend their services! - [Renee Russell](https://www.torontocommercialproperties.ca/testimonial/renee-russell/) - YSNM is very easy to collaborate with to seamlessly integrate IDX into your site. You’re sure to get everything you need. YSNM goes above and beyond with suggestions to improve your sites’ functionality, visibility and appearance. Very responsive and attentive, they’ll not only fix any issues but will give you tutorials on how to fix - [Kristin Swanson](https://www.torontocommercialproperties.ca/testimonial/kristin-swanson/) - There are honestly not enough stars to rate everything about the YSNM Team that can do justice to measure the value of your outstanding customer service, expertise, talent, communication, and support. You not only know the real estate industry, you are internet marketing astronauts in your technical, administrative and training systems; providing an amazingly well-oiled - [Amanda Davidson](https://www.torontocommercialproperties.ca/testimonial/amanda-davidson/) - Char, Jessica, Cheyenne, and the rest of the team do a great job. Deadlines are always communicated and they're all very helpful. Getting my new site up was timely and I'm very happy with their work! - [Randy & Wanda Hardee](https://www.torontocommercialproperties.ca/testimonial/randy-wanda-hardee/) - Charra and her staff have went above and beyond to make sure that my site is what I wanted and they I know how to manage it. I would recommend their services to anyone looking for a new site. - [mako295](https://www.torontocommercialproperties.ca/testimonial/mako295/) - Charra and her team were a dream to work with and very custom and affordable solution. We really have not been able to get to all the features of the site yet because the phones will not slow down! - [Joe Lankow](https://www.torontocommercialproperties.ca/testimonial/joe-lankow/) - I was very please with the help Charra provided. In fact, I tried for a month to find someone that could help with what she did for me the first day we worked together. She is absolutely wonderful to work with and someone I plan to refer more business to in the future! - [April Taylor](https://www.torontocommercialproperties.ca/testimonial/april-taylor/) - The Service is great. Process is simple. All questions are answered in a timely manner. Char's team is great at responding quickly and delivering just what you ask for. If you want an Amazing website I highly recommend YourSiteNeedsMe. - [Laura Sellers, Auburn Homes](https://www.torontocommercialproperties.ca/testimonial/laura-sellers-auburn-homes/) - Char and her team are great to work with and have created an awesome website for me. Happy to have found such a knowledgeable and experienced team that do an Incredible job and have been with me every step of the way. - [Andy Welsh](https://www.torontocommercialproperties.ca/testimonial/andy-welsh/) - Char is amazing! If you are looking for a web designer that listens, and then designs and executes a phenomenal site that is leaps and bounds above everyone else, then YourSiteNeedsMe is the player for you! I can't praise Char enough for how well she listens and how easy to work with she really is. - [Lane Wommack](https://www.torontocommercialproperties.ca/testimonial/lane-wommack/) - [Candice Bennett](https://www.torontocommercialproperties.ca/testimonial/candice-bennett/) - Char was so polite and helpful. She answered all of my questions and concerns and I am so happy with the results! - [Destin Property Expert](https://www.torontocommercialproperties.ca/testimonial/destin-property-expert/) - Charra and her team have made my website not only aesthetically pleasing and easy to navigate but have helped to make it SEO friendly. They walk you through the steps on making your site get good organic traffic. They under promise and over deliver. I would recommend them to anyone for the exception of my - [Elizabeth German](https://www.torontocommercialproperties.ca/testimonial/elizabeth-german/) - Having a customer friendly and easy to use website is essential to my business. YouSiteNeedsMe truly helped bring my vision to life. My business has grown and continues to grow as a result of her support. I would recommend her to anyone! - [Becky Sweeney](https://www.torontocommercialproperties.ca/testimonial/becky-sweeney/) - Great customer and care!! Char knows her stuff and is proactive about letting us know what we need to do to keep our site secure and safe. Would highly recommend her to other small businesses. - [Joe McGavin](https://www.torontocommercialproperties.ca/testimonial/joe-mcgavin/) - Talented, responsive, great team, great at addressing your needs and desires, fantastic communicators, provide detailed explanation of what can be done, how it is done, and suggesting how to achieve your desired results. Their teamwork app is an amazing work environment. The slowest part of the process has been my responses to their questions. They - [Dan Kidder](https://www.torontocommercialproperties.ca/testimonial/dan-kidder/) - A true SEO pro. Recommend without hesitation. Above and beyond expectations. - [Hollie Deese](https://www.torontocommercialproperties.ca/testimonial/hollie-deese/) - [Beth Mills](https://www.torontocommercialproperties.ca/testimonial/beth-mills/) - The YSNM team goes above and beyond to deliver. They are knowledgeable, responsive and a pleasure to work with. Your real estate site needs Your Site Needs Me! - [Brenda LaChapelle](https://www.torontocommercialproperties.ca/testimonial/brenda-lachapelle/) - [Lehigh Realty](https://www.torontocommercialproperties.ca/testimonial/lehigh-realty/) - The YSNM team has been absolutely amazing at dealing with our odd situation... Patient, Thorough, and easy to communicate with during a process that can usually be pain staking! - [Ken Tribble](https://www.torontocommercialproperties.ca/testimonial/ken-tribble/) - Over the years, I have been with at least 5 other website developers. I have now been with Your Site Needs Me for over 4 years. Char and her staff are always ready to help with design and application and their hosting services are beyond excellent. I am happy to have found Your Site Needs - [Laci Crabtree](https://www.torontocommercialproperties.ca/testimonial/laci-crabtree/) - Char and team are great! Friendly, accessible, and knowledgeable. Highly recommend - [Randelle Green](https://www.torontocommercialproperties.ca/testimonial/randelle-green/) - Char and her Team at YSNM are AMAZING! They have been handling my Real Estate Websites for 10 years, that's 3 different sites. Their responsiveness, un-matched knowledge and attention to detail is incredible! Simply the Best! - [Hammed Lawal](https://www.torontocommercialproperties.ca/testimonial/hammed-lawal/) - Very nice and detailed oriented, she jump on zoom with and you can feel her positive energy and the fact that she knows her craft - [Euphemia Weekes](https://www.torontocommercialproperties.ca/testimonial/euphemia-weekes/) - [Karen Haug](https://www.torontocommercialproperties.ca/testimonial/karen-haug/) - When I was looking for a Website, I wanted someone to help me out because I’m not sure how to set things up. I wanted someone who was going to go above, over and beyond!!!! I’m totally impressed with the Wordpress website they built for me!!! Charra, Cheyanne & Lisa were ALL super helpful in - [Natalie Catoire](https://www.torontocommercialproperties.ca/testimonial/natalie-catoire/) - [Jonas Music Services](https://www.torontocommercialproperties.ca/testimonial/jonas-music-services/) - Reached out to Char and her team to help with a Wordpress site we were working on. Her and the team she has is amazing! The project only took a few minutes once we had all of the information we needed. I specifically worked with Lisa. She was such a delight. Explained everything that needed - [Michele Liz](https://www.torontocommercialproperties.ca/testimonial/michele-liz/) - Charra and her team are outstanding! This was the best website building experience I could have asked for. Michele Defeo, Laurel Properties (Real Estate) - [hannah williams](https://www.torontocommercialproperties.ca/testimonial/hannah-williams/) - They call me anytime they feel I am in panic mode to calm me down LOVE LOVE LOVE I am so Happy with my site it is beautiful - [Joseph Mihalak](https://www.torontocommercialproperties.ca/testimonial/joseph-mihalak/) - Very personable and knowledgeable. Quick response times. Very good pricing. - [Dan O'Reilly](https://www.torontocommercialproperties.ca/testimonial/dan-oreilly/) - Good job with the work. It took a lot longer than expected though. Thank you - [Jill Martenson](https://www.torontocommercialproperties.ca/testimonial/jill-martenson/) - Everyone was so helpful on every level! They went above and beyond to help me get the website up and going. They were accommodating to all of my picky requests that led to the completion of the most beautiful webpage!!! Thank-you!! - [Joshua Zorn, P.A.](https://www.torontocommercialproperties.ca/testimonial/joshua-zorn-p-a/) - Amazing service! Char and the team are always available and are so attentive to detail. I love what they did with my site. They helped me through some challenging times as well when my site was hacked. A+++ service! - [Alexandra Janz](https://www.torontocommercialproperties.ca/testimonial/alexandra-janz/) - Charra and her team are awesome!! Always very responsive and honest so I don´t waste time or money for things not really bringing value for me. She always gives me recommendation how I can do better. I can only say - THANK YOU CHARRA and TEAM! Looking forward to further projects you can support me - [Troy Refuge, Esq.](https://www.torontocommercialproperties.ca/testimonial/troy-refuge-esq/) - Your Site Needs Me exceeded our expectations! Staff was always very friendly, efficient and quick. They’ve accommodated our several requests for updates and support during our site’s IDXBroker integration process. Would HIGHLY recommend using them for your site’s intricate and timely needs too, as they are now a part of our go-to team. Thanks, YSNM! - [Amanda Ohnstad](https://www.torontocommercialproperties.ca/testimonial/amanda-ohnstad/) - I truly valued how this company created my vision, explained the process to me, worked with me through all the changes with eagerness and not frustration. They were efficient with changes, clearly communicated and produced a quality product. - [Jackie Gonzalez](https://www.torontocommercialproperties.ca/testimonial/jackie-gonzalez/) - Charra has done so much for my website! She knows her stuff. She's been great! - [Reid Bridges](https://www.torontocommercialproperties.ca/testimonial/reid-bridges/) - [Tim C](https://www.torontocommercialproperties.ca/testimonial/tim-c/) - Char and her team are amazing. Not only did they create a great website, their service afterwards is phenomenal. We ask lots of questions and they are always quick to answer. And Char is always happy to jump on a call/screen share to teach us anything we want to know. It's like a friend is - [Steven Atwell](https://www.torontocommercialproperties.ca/testimonial/steven-atwell/) - These people are great - [Sue G](https://www.torontocommercialproperties.ca/testimonial/sue-g/) - [Jen Barchichat](https://www.torontocommercialproperties.ca/testimonial/jen-barchichat/) - Char and her team did an amazing job on our website! They went above and beyond to make sure that we were satisfied. They were also able to meet all of our needs for customizing our website. They did a great job of getting all of the small details right. They are always responsive and - [Jay Justo](https://www.torontocommercialproperties.ca/testimonial/jay-justo/) - YourSiteNeedsMe brought my website to the next level in usability for my clients and prospects. In real estate, a good website is a must to interact with our clients. Within a span of 2 weeks, YourSiteNeedsMe turned my site into a great resource for our clients and agents alike. - [Golden Eagle Investigations](https://www.torontocommercialproperties.ca/testimonial/golden-eagle-investigations/) - Charra and Lisa were asked to develop a website for my business and they were so easy to work with. It was simple they gave me tasks and gave me a date that they were shooting for a date for the site to go live and they were way ahead of schedule. During the process - [Shelly Rappel](https://www.torontocommercialproperties.ca/testimonial/shelly-rappel/) - I wanted to say that I struggled to find a top notch company to design my Real Estate website. I interviewed several possible candiates . I felt that as designers they did not understand my needs. Well as luck would have it a friend gave me the name of Your Site Need Me . I - [Rebekah Tackett, REALTOR](https://www.torontocommercialproperties.ca/testimonial/rebekah-tackett-realtor/) - YSNM is the best website designers and one stop shop! Very professional, quick to respond and know their stuff. I highly recommend them!! - [Elyse Berman, PA](https://www.torontocommercialproperties.ca/testimonial/elyse-berman-pa/) - This is the second site Char has made for me. She is a genius when it comes to websites, and I don't say that lightly. Not only are her and her team nice, they're accessible and smart. A winning combination! She's a keeper. Finding Char and her team at YourSiteNeedsMe was the best thing that's - [Scott Keil](https://www.torontocommercialproperties.ca/testimonial/scott-keil/) - What a great experience! Very helpful in getting my site started and providing insite for someone who is not tech savvy. - [Lee Pagnotta](https://www.torontocommercialproperties.ca/testimonial/lee-pagnotta/) - The name YourSiteNeedsMe,LLC is a perfect name. Char and Lisa are amazing. They are really smart, experienced and knowledgeable. They're easy and awesome to work with. They did exactly what they said they will do. They are committed to excellence. - [Greg Vander Wel](https://www.torontocommercialproperties.ca/testimonial/greg-vander-wel/) - I had a consult with Charra to get my IDX Broker site working right. She helped sort out some setup issues and pointed out a few search options I was missing in the nav menu—stuff I hadn’t even noticed but made a difference. She also shared some good CYA tips for my privacy policy, which - [Shatima Tankson](https://www.torontocommercialproperties.ca/testimonial/shatima-tankson/) - It’s been around 4-5 years now… I have been received the MOST Excellent Services and Support, from YourSiteNeedsMe: Charra, Cheyenne, and Lisa. They have grown with me, had my back, and provided beautiful visibility to back all of my ideas. They are quick, consistent, and amazing in the Design and Creative space, allowing my visions - [Wayne Bisard](https://www.torontocommercialproperties.ca/testimonial/wayne-bisard/) - I initially built my own website and thought it was pretty good—until I realized it needed serious improvement. I turned to Your Site Needs Me, and they delivered an amazing website at a minimal cost. The quality far exceeded my expectations. Highly recommend! - [Outstanding Expertise in Commercial Lease Negotiation](https://www.torontocommercialproperties.ca/testimonial/outstanding-expertise-in-commercial-lease-negotiation/) - We contacted this company on the recommendation of a Toronto business owner while searching for a space for our bakery, Fleur De Lys Bakery. This was not a simple search. We needed a location that could support full in-house bakery production while also providing an aesthetically beautiful and welcoming environment for our guests. Finding a - [I'm an incredibly satisfied customer](https://www.torontocommercialproperties.ca/testimonial/im-an-incredibly-satisfied-customer/) - Stephen Lilly is by far the best realtor I’ve ever had the pleasure with whom to do business. His knowledge, expertise, patience and timely execution were paramount in all of his interactions with me throughout the entire process of selling my business. He uniquely understands the difficult and unforeseen circumstances that often arise during such - [Great agents](https://www.torontocommercialproperties.ca/testimonial/great-agents/) - They helped me to find my first location years ago and now as my business grew they helped me to find the right spaces to expand. Great agents not locked to the mls. - [They have always been on our side](https://www.torontocommercialproperties.ca/testimonial/they-have-always-been-on-our-side/) - Although we have not closed a deal yet we could tell they have always been on our side. Even told us to walk away from a deal that ended up not to be a good fit for what we were looking for. I would highly suggest working with Stephen and Mariya. - [They took the time to really understand my needs](https://www.torontocommercialproperties.ca/testimonial/they-took-the-time-to-really-understand-my-needs/) - Stephen and Mariya have helped me to open up several clinicsaround the GTA. They took the time to really understand my needs and really walked me through the whole process. ## Categories - [Uncategorized](https://www.torontocommercialproperties.ca/category/uncategorized/) - [Buyers](https://www.torontocommercialproperties.ca/category/buyers/) - [Sellers](https://www.torontocommercialproperties.ca/category/sellers/) - [Real Estate](https://www.torontocommercialproperties.ca/category/real-estate/) - [First Time Home Buyers](https://www.torontocommercialproperties.ca/category/buyers/first-time-home-buyers/) - [Open Houses](https://www.torontocommercialproperties.ca/category/buyers/open-houses/) - [Buyer Checklists](https://www.torontocommercialproperties.ca/category/buyers/buyer-checklists/) - [news](https://www.torontocommercialproperties.ca/category/news/) - [blog](https://www.torontocommercialproperties.ca/category/blog/) ## Tags - [Home Staging](https://www.torontocommercialproperties.ca/tag/home-staging/) - [Staging Tips](https://www.torontocommercialproperties.ca/tag/staging-tips/) - [Home Sellers](https://www.torontocommercialproperties.ca/tag/home-sellers/) - [First Time Home Buyers](https://www.torontocommercialproperties.ca/tag/first-time-home-buyers/) - [Home Buyers](https://www.torontocommercialproperties.ca/tag/home-buyers/) - [Home Buyer Tips](https://www.torontocommercialproperties.ca/tag/home-buyer-tips/) - [Home Seller Tips](https://www.torontocommercialproperties.ca/tag/home-seller-tips/) - [Pricing Your Home](https://www.torontocommercialproperties.ca/tag/pricing-your-home/) - [Open House Checklist](https://www.torontocommercialproperties.ca/tag/open-house-checklist/) - [Open House Checklist Buyers](https://www.torontocommercialproperties.ca/tag/open-house-checklist-buyers/) - [Open House Checklist for Buyers](https://www.torontocommercialproperties.ca/tag/open-house-checklist-for-buyers/) - [Open House Tips](https://www.torontocommercialproperties.ca/tag/open-house-tips/) - [preparing for an open house checklist](https://www.torontocommercialproperties.ca/tag/preparing-for-an-open-house-checklist/) - [open home checklist](https://www.torontocommercialproperties.ca/tag/open-home-checklist/) - [open house checklist for buyers pdf](https://www.torontocommercialproperties.ca/tag/open-house-checklist-for-buyers-pdf/) - [real estate open house checklist](https://www.torontocommercialproperties.ca/tag/real-estate-open-house-checklist/) - [checklist for open house for buyers](https://www.torontocommercialproperties.ca/tag/checklist-for-open-house-for-buyers/) - [open house checklist pdf](https://www.torontocommercialproperties.ca/tag/open-house-checklist-pdf/) - [home buyer open house checklist](https://www.torontocommercialproperties.ca/tag/home-buyer-open-house-checklist/) - [Home Buying Process Checklist](https://www.torontocommercialproperties.ca/tag/home-buying-process-checklist/) - [Home Buying Process](https://www.torontocommercialproperties.ca/tag/home-buying-process/) - [Home Buying Checklist](https://www.torontocommercialproperties.ca/tag/home-buying-checklist/) - [House Hunting Checklist](https://www.torontocommercialproperties.ca/tag/house-hunting-checklist/) - [Buyer Checklist](https://www.torontocommercialproperties.ca/tag/buyer-checklist/) - [Home Buyer Checklist](https://www.torontocommercialproperties.ca/tag/home-buyer-checklist/) - [Home Buyer Process Checklist](https://www.torontocommercialproperties.ca/tag/home-buyer-process-checklist/) - [Steps to buying a home](https://www.torontocommercialproperties.ca/tag/steps-to-buying-a-home/) - [steps to home buying](https://www.torontocommercialproperties.ca/tag/steps-to-home-buying/) - [Home Buyer Steps](https://www.torontocommercialproperties.ca/tag/home-buyer-steps/) ## Portfolio Categories - [ALL](https://www.torontocommercialproperties.ca/portfolio_category/all/) - [Featured Properties PAGE](https://www.torontocommercialproperties.ca/portfolio_category/featured-properties-page/) - [Printable](https://www.torontocommercialproperties.ca/portfolio_category/printable/) ## Testimonial Categories - [Buyers](https://www.torontocommercialproperties.ca/testimonial-category/buyers/) - [Sellers](https://www.torontocommercialproperties.ca/testimonial-category/sellers/) - [Google Reviews](https://www.torontocommercialproperties.ca/testimonial-category/google-reviews/) - [YourSiteNeedsMe, L.L.C.](https://www.torontocommercialproperties.ca/testimonial-category/yoursiteneedsme-l-l-c-chijzdfzbclfpigrzjelfsgwtfs/) - Google reviews of YourSiteNeedsMe, L.L.C. - [Testimonials on Homepage](https://www.torontocommercialproperties.ca/testimonial-category/testimonials-on-homepage/)