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Latest Alberta & Prairies Stories

Photo of Calgary office building that houses a new EQ Bank office.

EQ Bank Opens New Office in Calgary’s Beltline District

Alberta & Prairies + Office | April 18, 2025

EQ Bank has opened a new office in Calgary’s Beltline district. The Beltline is located just south of downtown and ranks as one of Calgary’s oldest areas. The new office is located at 909 11th Avenue S.W. and has space to nearly double the online bank’s staff, according to Postmedia. “(We are) super excited to …

Photo of Parkland Corporation's president and CEO.

Parkland CEO Steps Down to Help Reduce Conflict with Simpson

Alberta & Prairies + Canada + Cross Border News + Retail | April 17, 2025

Parkland Corporation announced Wednesday that Bob Espey will step down as president and CEO, following intensifying pressure from Simpson Oil Limited, its largest shareholder. The move comes amid controversy over Espey’s continued leadership, following years of underperformance and two major trading losses. Simpson, which owns 19.8% of Parkland’s shares, strongly criticized the timing and nature …

Latest National Stories

Connect Seeking More Canadian Next Gen Award Nominations

Canada + Finance | April 21, 2025

Connect is seeking more nominations for its 2025 Canadian Next Gen Awards as the deadline for submissions approaches. The response has been positive thus far. Do you know any young persons in the business who stand out because of their talent, drive and fresh ideas? Do you have any rising stars in your midst? The …

People & Companies News for Week Ending April 18, 2025

Canada + Cross Border News + Finance | April 17, 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

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Latest Cross Border News Stories

Photo of a new SmartStop self-storage facility in Toronto.

New SmartStop Self-Storage Facility Opens in Toronto

Ontario + Cross Border News + Quebec + Industrial | April 21, 2025

Strategic Storage Trust VI, a REIT sponsored by SmartStop Self Storage REIT, has opened a large new facility under the Smart Stop brand in Toronto. The six-storey, climate-controlled facility is located at 494 Gilbert Avenue and offers approximately 120,000 square feet of rentable space across 1,475 units. With features such as heated indoor loading and …

People & Companies News for Week Ending April 18, 2025

Canada + Cross Border News + Finance | April 17, 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

Latest Maritimes Stories

Photo of ExxonMobil office in Moncton, N.B.

U.S. Energy Giant ExxonMobil Closing Moncton Office

Maritimes + 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 recently, according to multiple reports. “We’ve decided to close our Moncton office as we focus on other global business centers,” Michelle Gray, a spokeswoman for Houston-based ExxonMobil told CBC and other …

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

Photo of a new SmartStop self-storage facility in Toronto.

New SmartStop Self-Storage Facility Opens in Toronto

Ontario + Cross Border News + Quebec + Industrial | April 21, 2025

Strategic Storage Trust VI, a REIT sponsored by SmartStop Self Storage REIT, has opened a large new facility under the Smart Stop brand in Toronto. The six-storey, climate-controlled facility is located at 494 Gilbert Avenue and offers approximately 120,000 square feet of rentable space across 1,475 units. With features such as heated indoor loading and …

Photo of the interior of a large warehouse.

Ottawa Industrial Development Shifting Toward Large Spec Projects

Ontario + Industrial | April 18, 2025

Ottawa’s industrial development pipeline is entering a new phase as it pivots toward large speculative projects, according to Avison Young’s first quarter market report. The shift reflects growing demand for modern industrial space despite broader economic headwinds and cautious expansion sentiment among some occupiers, says the commercial real estate services firm.. The report highlights approximately …

Latest Pacific Canada Stories

Photo of a Mountain Equipment Company store.

Competition Bureau Weighing Possible MEC Chain Sale

Canada + Pacific Canada + Retail | April 21, 2025

A prospective buyer has emerged for Mountain Equipment Company’s struggling retail operations, as revealed in a merger review launched earlier this month by the federal Competition Bureau. The review concerns a potential deal between TGI Holding Inc. and MEC Mountain Equipment Company Ltd., according to the Bureau’s website. While few details are available, the watchdog’s …

Rendering of a future hotel in Vancouver's Coal Harbour area.

Germain, Reliance Converting Vancouver Office to Boutique Hotel

Pacific Canada + Hospitality | April 18, 2025

Germain Hotels and Reliance Properties are teaming up to bring a new Le Germain hotel to downtown Vancouver. The Montreal-based hospitality company and local investor-developer Reliance will convert an office building at 1111 West Hastings Street into a 180-room boutique hotel slated to open in 2029. Set in the Coal Harbour neighbourhood, the upcoming hotel …

Latest Quebec Stories

Photo of an LSR GesDev apartment complex in Greater Montreal.

LSR GesDev Looking to Build 700 New MF Units in Montreal

Quebec + Apartments | April 21, 2025

LSR GesDev is preparing to expand its multi-family rental footprint in the Greater Montreal Area significantly. The local company plans to build more than 700 new apartment units in coming years. The development firm, already managing a portfolio of 1,250 residential units, is entering a new phase of growth that will bring its total to …

Photo of a new SmartStop self-storage facility in Toronto.

New SmartStop Self-Storage Facility Opens in Toronto

Ontario + Cross Border News + Quebec + Industrial | April 21, 2025

Strategic Storage Trust VI, a REIT sponsored by SmartStop Self Storage REIT, has opened a large new facility under the Smart Stop brand in Toronto. The six-storey, climate-controlled facility is located at 494 Gilbert Avenue and offers approximately 120,000 square feet of rentable space across 1,475 units. With features such as heated indoor loading and …