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Latest Alberta & Prairies Stories

CWB Financial Group will move its national headquarters to Manulife Place in downtown Edmonton.

Edmonton’s Manulife Tower to Get New Name

Alberta & Prairies + Office | April 24, 2025

One of downtown Edmonton’s most recognizable skyscrapers will soon bear a new name. National Bank of Canada announced that the iconic Manulife Place will be renamed as National Bank Centre as part of the Montreal-based bank’s expansion across Alberta and Western Canada. The rebranding accompanies the previously announced relocation of Canadian Western Bank’s (CWB) headquarters, …

Aerial photo of downtown Calgary.

Downtown Calgary Property Values Rise by $1.8B

Alberta & Prairies + Finance | April 23, 2025

Downtown Calgary is showing strong signs of revitalization as a new city report reveals a $1.8-billion increase in assessed property values since 2022. The increase is driven by record investments and the success of the City’s Downtown Development Incentive Program (DIP), according to the report. Under the DIP, 11 projects have been approved to date, …

Latest National Stories

People & Companies News for Week Ending April 25, 2025

Canada + Cross Border News + Finance | April 24, 2025

Join Canada’s leading CRE owners, investors, developers, brokers, financiers, and more at Connect Canada on May 28 at Malaparte in Toronto. Register now to catch forecasts from Canadian CRE leaders on market challenges and opportunities, insights into international investing with evolving market dynamics, the outlook for multifamily housing, and much more. www.ConnectCanada2025.com

Photo of the entrance to a Hudson's Bay store in Calgary.

Last Six Hudson’s Bay Stores Going on Market

Canada + Retail | April 24, 2025

The Hudson’s Bay Company will begin liquidating all merchandise on Friday at its final six stores, signalling an apparent end to one of Canada’s most storied retail legacies. These locations were initially spared from broader liquidation of the company’s 90 other stores but now face closure after efforts to secure a buyer or investor failed …

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Latest Cross Border News Stories

Photo of a building owned by CDPQ.

Caisse Real Estate Portfolio Takes Large Hit

Cross Border News + Quebec + Finance | April 25, 2025

The Caisse de dépôt et placement du Québec (CDPQ) has reported a 10.8% drop in the value of its real estate portfolio for 2024. Although CDPQ posted a strong overall return of 9.4% across its total portfolio, real estate stood out as a major underperformer, according to the pension fund’s annual report released Thursday. The …

Aerial photo of Delta, B.C.

Delta to Offer Housing Construction Rebates

Pacific Canada + Cross Border News + Multi-residential Housing | April 24, 2025

The City of Delta will introduce a new rebate program aimed at accelerating the development of key housing types, especially multi-family projects, the Delta Optimist reports. City council recently approved an amendment to its fees and charges bylaw to launch the Canada Mortgage and Housing Corporation (CMHC) Housing Accelerator Permit Rebate program. “Establishing the rebate …

Latest Maritimes Stories

Photo of ExxonMobil office in Moncton, N.B.

U.S. Energy Giant ExxonMobil Closing Moncton Office

Maritimes + Cross Border News + Office | April 21, 2025

ExxonMobil is closing its business support centre office in Moncton, N.B. The office is located at 21 Ocean Line Way. Employees were informed of the decision by the global energy giant recently, according to multiple reports. “We’ve decided to close our Moncton office as we focus on other global business centres,” Michelle Gray, a spokeswoman for Houston-based …

Rendering of a multi-family rental development project in Halifax.

Crombie REIT Forms New JV with Montez

Pacific Canada + Maritimes + Apartments | April 13, 2025

Crombie REIT has entered into a joint-venture agreement with Montez Corporation to complete a commercial real estate development project in Halifax. The REIT said the deal marks a significant expansion of its multi-residential development initiatives in Halifax. The agreement includes the sale of a 50% stake in the Marlstone to Montez. The Marlstone is a …

Latest Ontario Stories

Picture of Lakeridge Logistics Centre in Ajax, Ont.

LLC Earns Canada’s Largest Net-Zero Industrial Building Certification

Ontario + Industrial | April 23, 2025

Lakeridge Logistics Centre (LLC), developed by Pure Industrial, has officially become the largest industrial property in Canada to earn the Zero-Carbon Building (ZCB) Design certification. The certification marks a significant milestone in sustainable development for the country’s industrial real estate sector. Awarded by the Canada Green Building Council (CaGBC), the ZCB certification recognizes new builds …

Photo of a Thermea Village spa.

Groupe Nordik Wrongly Associated with Firm Tied to Ontario Place Redev Scandal

Ontario + Cross Border News + Hospitality | April 23, 2025

Groupe Nordik, the Canadian spa company behind the Thermea Spa Village brand, is distancing itself from the Ontario Place redevelopment project scandal. The effort comes after after a New York Times investigation raised concerns about Austria-based Therme’s credentials. Therme is developing a spa project at provincially owned Ontario Place. Groupe Nordik operates spas in Chelsea, …

Latest Pacific Canada Stories

Aerial photo of Delta, B.C.

Delta to Offer Housing Construction Rebates

Pacific Canada + Cross Border News + Multi-residential Housing | April 24, 2025

The City of Delta will introduce a new rebate program aimed at accelerating the development of key housing types, especially multi-family projects, the Delta Optimist reports. City council recently approved an amendment to its fees and charges bylaw to launch the Canada Mortgage and Housing Corporation (CMHC) Housing Accelerator Permit Rebate program. “Establishing the rebate …

Rendering of the future Oakridge Park redevelopment project.

Revamped Oakridge to Get 500 EV Charging Stations

Pacific Canada + Canada + Cross Border News + Retail | April 23, 2025

Oakridge Park, Vancouver’s largest redevelopment project, will be equipped with 500 electric-vehicle (EV) charging stations supplied by Hypercharge Networks, the company announced. Oakridge Park is the former 28-acre Oakridge mall site. The massive five-year redevelopment is jointly led by QuadReal Property Group and Westbank, which are both based in Vancouver. The former mall is being …

Latest Quebec Stories

Photo of a building owned by CDPQ.

Caisse Real Estate Portfolio Takes Large Hit

Cross Border News + Quebec + Finance | April 25, 2025

The Caisse de dépôt et placement du Québec (CDPQ) has reported a 10.8% drop in the value of its real estate portfolio for 2024. Although CDPQ posted a strong overall return of 9.4% across its total portfolio, real estate stood out as a major underperformer, according to the pension fund’s annual report released Thursday. The …

Photo of an Avril grocery store.

Avril to Open 10 New Grocery Stores in Quebec

Quebec + Retail | April 23, 2025

Avril plans to open 10 new supermarkets across Quebec over the next five years, marking a major phase in the grocery retailer’s continued expansion. The company specializes in organic food products. As part of this growth, Avril will open locations in Gatineau and Saint-Jerome—two cities where the brand had not previously set up shop. The …