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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

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

Photo of a condominium tower in Vancouver.

CREA Downgrades Housing Sales Forecast Amid Tariff Uncertainty

Canada + Multi-residential Housing | April 17, 2025

The Canadian Real Estate Association (CREA) has significantly lowered its housing market forecast for 2025 and 2026, citing growing economic uncertainty and the fallout from escalating tariffs. The updated forecast, released Thursday, replaces a more optimistic projection issued in January. CREA now expects 482,673 residential properties to trade hands in 2025 — a near-flat figure, …

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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

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 …

Photo of a cleaning sheet manufacturing plant in Moncton, N.B.

Dizolve Opens New Laundry, Cleaning Sheet Plant in Moncton

Maritimes + Industrial | March 25, 2025

Laundry and cleaning sheet manufacturer Dizolve has opened a new 72,000-square-foot facility in Moncton, N.B. Dizolve said the opening expands the company’s production capacity and reinforces its role as a leader in the sustainable cleaning sheet technology. The new plant will support the company’s growth while creating employment opportunities in Canada, Moncton-based Dizolve added. Dizolve, …

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

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 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 …

Picture of the Nordelec site in Montreal.

Montreal’s Nordelec Mixed-Use Project Gains City Approval

Quebec + Multi-residential Housing | April 18, 2025

Montreal’s major Nordelec mixed-use expansion project has received the green light to proceed. City council has approved the project near the Lachine Canal in the Pointe-St-Charles district after modifications were made, The Montreal Gazette reported. The modifications include greater building heights, according to the Gazette. The project is part of the redevelopment for the former …