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Message to Canadians: Be Alert, but Don’t Be Nervous
Canadians are often grateful to have an economy that is so integrated with that of the United States -- think of cross-border shopping or what we watch on television. But in real estate, Canadians are hoping that our market does not follow…
Plan Ahead for a Smooth Ride
Demand for new and existing commercial office space is on the rise. A healthy economy continues to drive demand and as a result real estate markets are experiencing an increase in rental rates and a decrease in vacancies. Tenants are in the…
Staying Strong in ’08
Despite fears that the U.S. subprime mortgage meltdown might migrate to Canada, the latest economic data from Canada Mortgage and Housing Corporation (CMHC) indicates that Canadian housing markets will record another very strong…
HOK/ZAS to design Honda’s headquarters
MARKHAM, Ontario - The Canadian office of HOK Architects and Toronto-based architectural firm ZAS have partnered to design Honda Canada's new head office campus in Markham. The HOK/ZAS team will be headed by principals Gordon Stratford and…
Redpath Sugar Mill Sweetens Lachine Canal Revival
Montreal's Lachine Canal stands as a central component in the complex history of Canada's modern political economy. Despite its modest 14.5 kilometre length bypassing the Lachne Rapids and linking Montreal harbour with Lake Saint-Louis to…
CN sells headquarters, buys a U.S. railway
MONTREAL - Homburg Invest of Halifax, Nova Scotia is acquiring the Central Station Complex (CSC) in Montreal from Montreal-based rail conglomerate Canadian National (CN) for $355 million. The transaction, which will include a government…
Office construction at a record high
OTTAWA - Canada's non-residential construction industry is expected to hit a record $2 billion in profits this year according to the Conference Board of Canada's Canadian Industrial Outlook: Canada's Non-Residential Construction Industry…
Is Canadian architecture mediocre?
When the United Nations' Human Development Index pronounced Canada the world's best place to live, Canadians, goes the joke, demanded a recount. Two recent publications continue this domestic propensity to prove the Great White North is not…
Federal government unloads nine buildings
OTTAWA - Nine federal buildings have been sold to Vancouver-based Larco Investments for $1.64 billion and will be leased back for 25 years. The deal is part of a broader plan by the federal government to sell more than three dozen office…
CPP acquires UK shopping mall
TORONTO - Henderson Global Investors (HGI), based in London, England and the Canada Pension Plan Investment Board, announced a joint agreement to acquire the Whitefriars Quarter shopping centre in Canterbury, Kent, England for $253 million.…