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Canada Commercial Real Estate News Highlights – Q2 2024

July 22, 2024

The Smyth Group searches through the major Canada commercial real estate news media posts to put together a list of highlights on a quarterly basis. The CRE news highlights include the latest sales / acquisitions, big leases signed, and financing transactions that occurred in the region.

 

Canada Commercial Real Estate News Highlights Q2 2024

 

Upward Momentum By Q3’: Toronto Broker Expects Signs Of CRE Improvement In 2024

Mirabelli Corp. is a long-time builder, developer and property manager of light industrial and other types of commercial real estate throughout North America. Read More

 

National Office Vacancy Rate Reaches 30-Year High Of 18.5%

Landlords of older office buildings are suffering the most, as newer, better equipped builds draw tenants to their greener pastures. Read More

 

Montreal office building acquired for student housing conversion

Immo Alliances buys mid-rise along Sainte-Catherine Street, near Concordia and McGill campuses. Read More

 

There’s big demand in Canada’s retail shopping centre market

Major properties continue to trade; Quebec’s Galeries de la Capitale could be among the next to sell.  Read More

 

How A Toronto Tech Company Is Optimizing Its Office In A Post-COVID Climate

From in-person employee event days, to children of employees playing Mario Kart, HR software company Humi is resetting the bar for office use in a remote work world. Read More

 

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. Read More

 

Canada ICI to acquire Toronto’s Lorne Capital Group

Move aimed at expanding firm’s presence in Greater Toronto Area and Ontario. Read More

 

Brixen, National announce Phase 2 at Duo condos in Brampton.

Twin-tower project will deliver 670 homes into downtown of the GTA city. Read More

 

Burnaby Employment Land Study Concludes Need For 22M Sq. Ft Of Commercial Space

The employment land needs assessment also gathered feedback from developers about commercial development trends in Burnaby. Read More