downtown

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…

VANCOUVER — The federal government is spending $1.8 million to help make Vancouver's historic Chinatown lighter and brighter.Harjit Sajjan, minister responsible for the Pacific economic development agency of Canada, says the COVID-19…

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 – 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…

Over 160 companies involved in Edmonton’s Metropolitan land development are calling for an all-hands-on-deck approach to revitalize the city’s downtown.As part of their newly adopted strategic plan, members of Urban Development…

MONTREAL – Laurentian Bank of Canada is cutting in half its office space in downtown Montreal, Toronto and Burlington, Ont., as part of its strategic plan that it will unveil in a couple of weeks. The Montreal-based bank says the…

Six years after the City of Toronto closed Union Station’s Bay Concourse for major rehabilitation and construction, the work is now complete, and the space is has now opened according to Metrolinx.A Metrolinx blog post reports, “As…

Two prominent non-profit organizations have joined forces to convert a vacant downtown office tower into homes for Calgarians in need. Inn from the Cold and HomeSpace Society are partnering on a first-of-its kind project that addresses the…