Commercial Real Estate

TORONTO — CBRE says Canada's national office vacancy rate hit an all-time high in the first quarter of the year.The real estate firm says the country's overall office vacancy rate amounted to 17.7 per cent, while downtown office…

TORONTO — Nordstrom's departure from Canada's retail landscape will leave significant holes in shopping malls, and some analysts say landlords will need to get creative to fill the space.If malls want to find similar tenants to…

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…

MISSISSAUGA, Ont. – Hazel McCallion, who developed a legacy of feisty advocacy during more than three decades as mayor of one of Canada's fastest-growing cities, died Sunday morning after a brief bout with pancreatic cancer. She was 101.…

TORONTO – Manulife Financial Corp. is eliminating about 50 jobs as it makes changes to its real estate operations.The company says it is changing its real estate operating model in Canada and its regional coverage strategy in North…

TORONTO — RioCan Real Estate Investment Trust reported net income in the third quarter of $3.2 million, down from $137.6 million the year before, attributing the drop to a net fair value loss on investment properties.The…

TORONTO — In the first months of the COVID-19 pandemic, Shopify Inc.'s Tobi Lutke was among the first tech leaders to declare most of his staff would ``permanently work remotely'' because ``office centricity is over.''His belief in…

TORONTO – A new report says the total value of commercial real estate sales in the Greater Toronto Area in the second quarter rose 43 per cent compared with a year ago.The report by Avison Young says sales of office, industrial,…

TORONTO — RioCan Real Estate Investment Trust executives say the business can weather economic headwinds even after reporting its second-quarter net income was almost halved since last year.While a near 40-year high inflation level is…

TORONTO – 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…