Office

​40 and 46 Elgin Street in Ottawa.
Office

Allied Properties REIT Exits Ottawa With $86.5M Sale Of Heritage Chambers Office

​Allied Properties REIT sold 40 and 46 Elgin Street, its last two properties in Ottawa, in December to the Government of Canada.

Office

Foreclosed Surrey Westfield Business Centre Vacant For 26 Years Sold For $57M

The Westfield Business Centre at 14178 104 Avenue in Surrey was constructed in 1998, but has never been occupied.

Commercial

Westbank Sells Remaining Stake In Deloitte Summit & Toronto House For $60.5M

Allied Properties REIT acquired stakes in Deloitte Summit and Toronto House from Westbank in March 2024, then acquired the remaining interest in December.

Office

QuadReal Sells 5-Building Meadowvale Corporate Centre In Mississauga For $40.1M

​The Meadowvale Corporate Centre sits at 2000 Argentia Road in Mississauga and was sold by QuadReal to Aaxel Insurance.

Office

Scotiabank Sells North York Office Building For $40.5M To Self Storage Company

​The office building sits at 90 Wynford Drive in Toronto and was sold by Scotiabank to Access Self Storage Inc.

Office

Reliance Properties Sells Downtown Vancouver Office Building For $24M

​The office building sits at 1190 Melville Street in Vancouver and was recently sold by CBRE on behalf of Reliance Properties.

Office

University Health Network Buys National Life Building In Toronto For $79.3M

The office building sits at 522 University Avenue in Toronto and was the subject of a development proposal by iA Financial Group.

Office

Brookfield Buys Out CPP & AIMCo's Stake In Toronto Office Tower For $161M

Brookfield Properties has bought CPP Investments and AIMCo out of 2 Queen Street East, with TMU also now owning a small stake.

Office

Armco Buys First Canadian Centre In Calgary For $46.5M, Planning Second Tower

​The First Canadian Centre sits at 350 7 Ave SW in Calgary and was acquired by G2S2 Capital Inc. through Armco Capital Inc.

Policy

Regulatory Change That Could Speed Up Office Conversions Proposed After Ford Government Voted Bill Down

Bill 102, The Commercial to Residential Conversion Act, 2024, was tabled by Liberal MPP Karen McCrimmon in May in response to high office building vacancies in Ontario.

Office

City Of Burnaby Pays $65M For Metrotown Place Office Towers Under Receivership

​The Metrotown Place office towers at 4330 Kingsway and 5945 Kathleen Avenue in Burnaby were owned by Slate Asset Management when it was placed under receivership.

Office

Slate Office REIT Sells Stake In Woodbine & Steeles Corporate Centre For $39M

​The Woodbine & Steeles Corporate Centre sits at 7030-7100 Woodbine Avenue and 55, 85 Idema Road in Markham, Ontario.