Menu

Industry News

• Bamco Custom Woodworking builds strong customer base
  
• City, developer continue OMB talks over Lafarge property
  
• Now it's a landlord's market
  
• Green rating systems will become more stringent
  
• RioCan Real Estate Investment Trust Announces Another Agreement With Lowe's
  
• Bank of Canada lowers overnight rate target by 3/4 percentage point to 1 1/2 per cent
  
• Office Depot will close 112 stores
  
• Ontario builders seek relief in budget
  
• Tim Hortons announces 500th U.S. location
  
• Non-residential building permit drop 23.9%
  
• The Brick opens five new stores across Canada
  
• The Buy Or Lease Dilemma
  
• Morguard completes acquisition of Revenue Properties
  
• OMERS expands property and infrastructure investment activity
  
  
  

• Guelph Hydro rate hike in the works
  
• Agri-Technology centre opens doors in city
  
• Cadillac Fairview receives BOMA BESt Green Building Certification
  
• Market's ripe for real estate investors
  
• Pension plans hold the bulk of real estate investments
  
• ING wields the broom in Canada
  
• Office rents to plunge in '09: report
  
• Sale/leaseback a logical option
  
• Filings suggest toxic relationship
  
• Council considers committee to deal with future hydro merger
  
• RUSSIA: Crisis could shake out real estate sector
  
• New Canadian mortgage bonds coming
  
• BMO slashes mortgage rate
  
• Three local companies on fastest 500 list
  
• Waiting over at Kitchener Frame
  
• City housing starts remain strong
  
• Mayor upbeat about York Road jail lands
  
• Fairview Mall Unveils Multimillion Dollar Renovations
  
• Ottawa might sell assets to dodge deficit
  
• Government of Canada buys $50B more in mortgages
  
• Borealis wins Teranet with discounted bid
  
• Property sales plunge in Canada as Toronto sees biggest drop
  
• Circuit City gets creditor protection in Canada
  
• Brookfield looks to go bargain hunting
  
• Circuit City pulls plug on 20% of its stores
  
• A sector that holds more than its own
  
• 'Big chill' could put Halton in deep freeze
  
  
  

October 2008

• Cirvek Fund buys 150 Bloor St. W. Toronto
  
• City set to hire new company to finish city hall
  
• University cutting more than 140 jobs
  
• Reid's Heritage Homes announces layoffs
  
• Royal City posts 'AA' credit rating
  
• Intrawest signs 11th-hour refinancing
  
• CMHC to buy $7-billion of mortgages
  
• Commercial real estate faces pinch
  
• Higher cap rates bad news for REITs
  
• Linens 'N Things seeks protection in Canada
  
• Liquidation World gets new credit line
  
• Hammond Power sees rising sales, profits
  
• Consumer confidence hits 26-year low
  
• St. Thomas auto plant to close next year
  
• Red tape halts $300M wind farm
  
• Investment in non-residential building construction up 1.5%
  
• Banks sell $5-billion of mortgages
  
• Linens 'n Things liquidation likely to start tomorrow
  
• Starbucks Leases in Dispute
  
• Teranet withdraws opposition to Borealis bid
  
• Local housing market weathering fiscal uncertainty
  
• A royal opening
  
• Federal Goverment unveils $25-billion mortgage plan
  
• It's street revenge on developer
  
• Massive tower moving ahead at Yonge-Bloor
  
• Tim Hortons expands in U.S.
  
• Office tower breaks ground in Toronto
  
• Horizon disappointed over failed hydro merger
  
• Townhouses, condos bolster real estate sales
  
• Cerberus to invest in CIBC mortgage deal
  
• Canadian pension funds eye European property
  
• Peel housing plan `premature,' report says
  
• Massive project set for Sheppard/Don Mills
  
  

September 2008

• The Original SoupMan Comes to Windsor, Ontario
  
• Four area firms among Canada's 50 fastest-growing
  
• Mortgage rates begin to rise
  
• Metro launches its banner in Ontario with the opening of six Toronto stores
  
• Brookfield unit to buy GMAC Home Services
  
• Yorkdale attracts top U.S. retailer
  
• The Bay opens 'green' store in Waterloo
  
• Former tannery on track to reveal facelift in '09
  
• New city hall halted
  
• PROFIT lauds local contractor
  
• City welcomes newest addition to research park
  
• CIBC announces 18 new branch locations
  
• Shoppers plans 50 new stores
  
• Canada's Technology Triangle voted a top development group
  
• Area ranked fourth best place in Canada to do business
  
• CanReit, Charter buy Canadian Tire assets
  
• Condo construction in Ontario boosts August housing starts
  
• Pet Valu adds 15 stores in Eastern Ontario
  
• At this centre, it's power to the pedestrians
  
• $300-million Distillery District development plan lauded
  
• CanREIT trust acquires 8 Canadian Tire stores
  
• New money laundering rules target developers
  
• Borealis launches $2B bid for Teranet
  
• Shoppers Drug Mart unveils 'Murale'
  
• Loblaw's revamp of Maple Leaf Gardens on hold
  

August 2008

• Morguard Corporation Completes take-over Bid for Revenue Properties Company Limited
  
• $30-million real-estate fraud
  
• Commercial real estate projected to tumble
  
• RIM's newest BlackBerry, the Bold, debuts at Rogers
  
• Complex in works for city's north end
  
• Armtec acquires Oxford Plastics
  
• TRANSGLOBE BUYS MISSISSAUGA OFFICE BUILDING
  
• Retail sales rise hides uneasy reality
  
• Hart to reopen eight SAAN stores
  
• Canadian Tire sells, leases back 12 properties
  
• U.S. Foreclosures Rise 55%, Bank Seizures Reach High
  
• Blast neighbours suing for $900M
  
• UBS takes $5.1B hit in mortgage crisis
  
• Leon's profit rises 17 per cent
  
• The housing boom may be over, but there's no bust in sight
  
• Rona profit, same-store sales fall
  
• Magna Entertainment sells Florida property
  
• CAP REIT Acquires Ontario Portfolio
  
• Nordia call centre will hire 200
  
• Region's jobless rate jumps
  
• Construction plans plunge, StatsCan reports
  
• Electrohome sells Victoria Street North site
  

• Bush signs U.S. housing bill
  
• GE exits Canadian mortgage business
  
• U.S. housing losses pegged at $1-trillion
  
• Toronto's CHUM building purchased by developer
  
• Canadian REITs trading at 'highest average discount' in four years
  
• Brookfield sells stake in TD Canada Trust Tower
  
• Strathallen Completes Industrial Acquisition in Cambridge
  
• Com Dev wins $12.3 M satellite contract
  
• Looming tax hike subject of public discussion
  
• Watch IT! Opens Two New Retail Boutiques in Ontario Market
  
• Lowe's announces additional Canadian store sites
  
• Canadian Tire unveils new 'small market store concept' designed specifically for rural markets
  
• The Bay sold to U.S. retailer
  
• ING pulls plug on 40-year products
  
• Ottawa tightens mortgage rules to avoid 'bubble'
  
• Bath & Body Works takes plunge into Canada
  
• Jean Coutu backs off on Ontario expansion
  
• Huntingdon REIT hangs up For Sale sign
  
• Marusa Marketing set to close Cambridge call centre
  
• Motz family buys former CAA building
  
• Housing starts up on apartment projects
  
• Ominous increase in Ontario jobless rate
  
• City to revisit Wal-Mart expansion
  
• Open Text buys Corbis media division for $5 million
  
• U.S. firm eyes the Bay
  
• ATS: Playing to win
  
• Region home sales down in first half of year
  
• H&R REIT sells 11 properties, generates $72 million
  
• Toronto Office Tower Construction
  
  
  

June 2008

• Plastic plant to close leaving 44 out of work
  
• Realex to acquire 6 Ontario office buildings
  
• Realtors brace for backlash
  
• Profiting from a U.S. real estate recession: Think Sun Belt bargains
  
• Location for new Windsor bridge confirmed
  
• IKEA pinched by housing slowdown
  
• Pier 1 Imports posts quarterly loss
  
• Circuit City 1Q loss widens
  
• Ontario mandates sprinklers in Building Code
  
• Calloway Wraps Up $371M Purchase of 6 Canadian Retail Centers
  
• Canadian real estate boom over, statistics indicate
  
• All Big Five banks hike mortgage rates
  
• Giant Tiger roars into Toronto
  
• ABCP crisis takes a toll on Xceed Mortgage
  
• Toronto office vacancy headed for historic bottom
  
• Apartment buildings to receive energy retrofit
  
• Housing starts beat expectations in May
  
• A shopping experience seeks new outlets
  
• Linamar breaking new ground in Chrysler venture
  
• Bank of Canada keeps overnight rate target at 3 per cent
  
• Local jobless rate sharply higher
  
• Armtec's Con-Force unit gets $40-million airport contract
  
• Com Dev announces two divisional presidents
  
• City in talks with Loblaw; may avoid OMB hearing
  
• RioCan, Kimco in deal for 10 properties
  
• O.R.E. in final stages of developing 700,000 square foot distribution center in London, Ontario
  
• Liquidation World for sale
  
• Altus Group Announces Acquisition of Deloitte's Canadian Property Tax Practice
  
• Allied Properties REIT Puts $109M Into Play
  
• Retail Council of Canada Launches Independent Retailer Project
  
• Consumer confidence plunges
  
• Price conscious shoppers lift Costco
  
• Big-box Best Buy goes to the mall
  
  
  

May 2008

• Open Text wins federal contract worth $16.8M
  
• Office rental space still reasonable in this region
  
• Quebecor puts Toronto Sun building on the block
  
• Sears profit boosted by property sale
  
• Foreign banks play ball on ABCP
  
• RioCan announces $68M Vaughan development
  
• Banks trim mortgage rates
  
• CPP real estate investments generates 8.2% return
  
• Stinson plans Canada's tallest apartment building
  
• Virtek to consider buyout offer
  
• TurboSonic affected by subprime crisis
  
• Plans for improvements downtown top $20M
  
• Manufacturing retreat raises concern growth could slip below zero
  
• UW research park filling out with addition of two buildings
  
• Pier Property Inc. fined after guilty plea
  
• CoaGel bankrupt
  
• RIM reveals expansion plans
  
• New BlackBerry Bold-ly going where it's never gone before -- 3G
  
• Profit plunges at Rona
  
• George Croft named CEO of Brick Brewing Co. Ltd.
  
• Linens 'n Things files for bankruptcy protection
  
• RioCan posts lower quarterly profit
  
• RIM and software giant SAP want to change the way people work
  
• Revenue Properties reports Q1 loss of $826,000 on $29.2 million in revenue
  
• Residents in driver's seat on Hanlon
  
• Changing job market makes it hard to get ahead
  
• Armtec reports Q1 loss of $2.8 million
  
• Guelph drops in community rankings
  
• Linamar gets some rays with solar company
  
• Vanguard Building goes for $35.35 million
  
• Loblaw to upgrade stores
  
  
  

April 2008

• Potential buyer has walked away from Pet Valu
  
• Retrocom Mid-Market REIT announces $55 million of property acquisitions
  
• Listowel plant closing, 500 jobs lost
  
• Nestlé ruling a small victory
  
• Improvements coming to Highway 6
  
• Better days ahead
  
• Raytheon sees strong future for advanced radar
  
• ClosetMaid's closing is no surprise
  
• High-end retail will be a part of Sportsworld Crossing
  
• Speedy buys 91 Minute shops
  
• Hammond Power has good news
  
• Canada Tops List For Commercial Space
  
• Brewing up business
  
  
  

March 2008

• Changes coming to property tax appeals
  
• Collins & Aikman gets reprieve
  
• Enpar terminates talks to purchase Biosource
  
• Kitchener council defends plan to buy part of Goodrich site
  
• Cambridge's Com Dev International lands $4.7M international contract
  
• Parking anything but free
  
• Company hails million-dollar sales coup in U.S.
  
• Right place, right time a bonus for shredding firm
  
• Company holds out faint hope for frame plant
  
• ATS lays off 85 workers
  
• Region among lower-cost business centres
  
• Council opens reserves to keep Cambridge tax hike to 3%
  
• $15-million day for region
  
• U.S. cuts rates again in effort to quell crisis
  
• Kitchener Frame lays off 400
  
• Public hearings to be held into moraine developments
  
• Downtown welcomes 'foxy' tenant
  
• Council closer to OK'ing $16M parking structure
  
• RBC predicts mortage rates will decline in months ahead
  
• New plan for Guelph's wastewater
  
• Carden Street merchants call for parking solution
  
• Manulife behind $175-million Atlanta office building
  
• Old eyesore proves tempting - Furniture store among bidders for empty Woolco site in Cambridge
  
• City plans to tighten restrictions on massage services
  
• Parking battle may stall hotel
  
• Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 1/2 per cent
  
• Retailers ponder impact of slowdown
  
• Linamar seeks Volvo Construction purchase
  
• Kitchener Frame to lay off 147 as toll from U.S. strike mounts
  
• Area workers brace for layoffs
  
  
  

February 2008

• Counsel Corporation Acquires Portfolio of Retail, Office and Industrial Properties in Brockville, Ontario
  
  
  

January 2008

Engel to close, 225 jobs lost

The Co-operators plans to sell its office building portfolio

Synnex wraps up purchase of Electrohome trademarks