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Are Canada's banks on the brink of an office leasing spike?

4 days ago

Are Canada's banks on the brink of an office leasing spike?

Canada's banks could increase their office leasing by up to 1.5 million square feet in Toronto during 2026, Oxford Properties' Kevin Hardy predicted during the Real Estate Forum in Toronto. That would create additional demand for space among related sectors.

Granite REIT to voluntarily delist from NYSE

Granite REIT (GRT-UN-T) plans to voluntarily delist its trust units from the New York Stock Exchange (NYSE), citing consistent low trading volumes and an effort to achieve financial and administrative efficiencies.

MPO rankles Bay St. with recruiting, compensation demands

Ottawa’s newly created Major Projects Office is hunting for staff on Bay Street, and its requests to borrow, or second, top talent at the junior and mid-career levels are fuelling some anger, particularly over compensation, according to six sources.

Will Toronto’s land use plans meet the moment?

Over the past six years, the City of Toronto has blazed through what amounts to a revolution in land use and zoning changes, the likes of which haven’t been seen since the mid-1990s.

Vancouver to temporarily cut development fees by 20%

Vancouver City Council has approved a staff-recommended range of policies and strategies designed to help keep 250 active applications, with a combined total of over 20,000 new homes, on track.

Cowichan case blamed for sinking luxury hotel purchase

An Ontario company that put down a deposit to buy a luxury hotel in Richmond pulled out of the deal worth tens of millions weeks later because of “uncertainty” caused by the Cowichan title ruling, marketers of the property said.

VAST Industrial Corp. announces acquisition of The Whalen Company

VAST Industrial Corp. and the shareholders of The Whalen Company are pleased to announce the acquisition of The Whalen Company by VAST. Whalen shareholders will retain ownership in Cold Point Corporation.

Sponsored by: VAST Industrial Corp.

Vancouver commercial investment market strengthens in Q3

CRE investment picked in Q3, according to data from market insights firm Altus Group. Metro Vancouver commercial transactions totalled $6.5 billion in the first nine months of 2025, down 23 per cent from last year.

In Vancouver, planners say it takes a village to grow a city

Vancouver city planners believe it takes a village to grow a city. City staff are working to create 17 new villages that will add more density to specific areas not already covered by existing policies.

CPP balks at paying fees to co-invest with private equity

Institutional investors will not allow alternative asset managers to start charging them for large deals despite the emerging competition from retail money, according to CPP Investments, one of the world’s largest retirement funds.

Manulife US explains pivot to North American markets

Long-suffering unitholders have grilled Manulife US REIT's manager on its recovery plan – including the interest the sponsor is charging the real estate investment trust and why its asset pivot does not include markets beyond the U.S. and Canada.

Green standards glut limits progress on sustainable buildings

A clearer idea of the financial benefits of sustainability, more consistent standards and support for clean grids would help soften risks in the transition to decarbonized real estate, panellists at the 2025 Toronto Real Estate Forum said.

Partnerships, innovation keys to scaling-up housing

Partnerships and innovations will be vital to scaling-up the availability of affordable housing across Canada, panellists speaking at the Toronto Real Estate Forum said. Industry experts discussed how the private and public sectors can introduce more supply.

RECO freezes Scarborough brokerage’s accounts

Real Estate Council of Ontario (RECO) has frozen the accounts of Scarborough-based brokerage HomeLife Today Realty Ltd. after discovering a trust account shortfall of $580,000. RECO identified a potential shortfall as part of a planned pre-inspection on Nov. 28.

Real estate podcasts

Jonathan Bennett, AmTrustRE: Creating value & enhancing tenant experience, TEN
Daniel Foch, Valery.ca: State of the Canadian real estate market, Wealthy Barber
Sebastien Kuperhause, Sequence: State of the mortgage business, Angry Mortgage

Brookfield targets dominance in P&C insurance coverage

Brookfield Corp. plans to build its property and casualty insurance business as it looks to exploit a corner of the insurance industry in which the firm has a competitive edge and hasn’t been crowded by other private equity players.

Eli Lilly picks Alabama site for $6B manufacturing plant

Known as Rocket City for its impact on the nation’s high-tech aerospace and defence industries, Huntsville, Ala., will become the site of a US$6 billion manufacturing facility for pharmaceutical giant Eli Lilly and Co.

Hedge funds revive once-dormant appraisal arbitrage play

Appraisal arbitrage involves buying a company’s shares after a deal announcement and then objecting to the terms in court. If a judge appraises the deal at a higher value, the investor pockets the difference.

Aviva seeks partner for new London skyscraper project

Aviva Plc has kicked off the search for a partner to help fund a planned new skyscraper in London’s insurance district, as it aims to tempt investors willing to make a bold bet that office rents are set to soar.

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