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WILL PUBLISHING SOLD DATA OPEN THE DOOR TO REAL ESTATE DISRUPTERS?
In the seven years the Toronto Real Estate Board (TREB) was losing its fight to keep the selling prices of property offline, it effectively delayed an incursion from the kind of tech-based disrupters that have rattled the taxi and travel industries. With sold data on its way to virtually every real estate site in the…
Read More Who Just Beat the Bay Area in Tech Jobs? Toronto
Toronto’s tech scene is so hot the city created more jobs than the San Francisco Bay area, Seattle and Washington, D.C., combined last year, while leapfrogging New York in a ranking of “talent markets.” Toronto was the fastest-growing tech-jobs market in 2017, according to CBRE Group Inc.’s latest annual survey, released Tuesday. The city saw 28,900 tech…
Read More What’s the Outlook for the Grocery Sector in the Age of Amazon?
Nearly one year after Amazon’s acquisition of organic grocer Whole Foods, the grocery-anchored shopping center sector, typically viewed as more “Internet-proof” than other segments of retail, has taken greater strides to boost its omni-channel offerings. So far, the acquisition has not been overtly disruptive to the grocery industry, experts say. However, some grocers are still working…
Read More Race is on to build the tallest Toronto highrise
As plans progress for a massive change at the waterfront, competition for the title of Toronto’s tallest building (after the CN tower) is heating up. A 95-storey building is planned for the Pinnacle 1 Yonge site, which is marketed to be the tallest in the city. At 307 metres high, according to site plans submitted in June…
Read More It’s not just condos — Toronto is also running out of commercial real estate
Canada is not just running out of residential real estate in its key markets — the country’s commercial and industrial real estate is also filling up fast. Availability of industrial property across the country fell to a historically low level of 3.9 per cent in 2018, while supply tightened in eight of the 10 major…
Read More TORONTO IS RUNNING OUT OF COMMERCIAL REAL ESTATE
Canada is running out of space for commercial real estate, but Toronto is feeling it the most. Toronto is actually the most constrained industrial market in North America, with only 2.2 per cent availability. And given its central location and demographics that appeal to both foreign and local companies, it keeps getting tighter. Canada has also…
Read More Will cannabis be big business for Canada’s real estate?
Cannabis-growing companies are set to become bigger players in Canada’s retail and industrial sectors after the country’s parliament approved a new law to legalize recreational use. With consumers legally able to buy the drug both from stores and online in the coming months, the Canadian cannabis market, which saw nationwide sales of US$5.6 billion in 2015, will blossom…
Read More Toronto ranked worst city for commuting in North America: study
WATCH: Toronto is ranked as the worst city in North America for commuting, according to a new study. Toronto is often cited as among the world’s very best cities in which to live, but a new study suggests Canada’s most populous urban centre lags far behind when it comes to commuting. A report released by U.K.-based business solution company Expert…
Read More Tim Hortons to move its Canadian head office
Tim Hortons is moving its Canadian headquarters to downtown Toronto’s Exchange Tower after more than 50 years in Oakville. The change that will affect all 400 head office employees is expected to take place by the end of the year and is part of a corporate modernization plan, said Tim Hortons president Alex Macedo on…
Read More Canada’s commercial real estate market sets another record in 2017 — and it’s on track to go even higher in 2018
TORONTO — The Canadian commercial real estate market set another record for investments in 2017 and was one of only four countries in the world to do so, according to a new report from CBRE Ltd. The report said there were more than $43.1 billion in investments last year, surpassing $34.7 billion in 2016, and…
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