Latest News for: Toronto leasing

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Nowhere to live: Rents in Canada surge as home prices fall

FX Empire 22 Jul 2022
The average rent on a 1-bedroom apartment in Canada is up 13.7% from the start of the year, data from Rentals.ca shows, with year-on-year rents surging 18.5% in Toronto and 19.2% in Vancouver ... Toronto agent Imran Khan just sold a loft apartment to an investor who was able to lease it out within days of closing.
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Toronto Start-up Cohere Is Teaching Machines to Speak Our Language

Canadian Business 19 Jul 2022
Zhang had dropped out of University of Toronto’s computer science program to work for a friend’s genomics company, but he still loved research—and the thought of publishing a paper as a dropout was appealing to him ... In February of 2020, Cohere signed a lease for an office in Toronto.
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Bell Media Eyes Selling Controlling Stake in Pinewood Toronto Studios (Exclusive)

The Hollywood Reporter 01 Jul 2022
Pinewood Toronto Studios majority owner Bell Media is looking to possibly sell its stake in the marquee studio where the Star Trek ... At Pinewood Toronto Studios, Netflix has a long term lease on four soundstages and adjacent offices for around 84,580 square feet of production space.
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SOLUTION OR PROBLEM?: Residents says neigbhourhood a shadow of former self due to Esplanade emergency shelter

Toronto Sun 25 Jun 2022
The City of Toronto leased the Novotel Hotel at an estimated rent of up to $625,824 to provide physically-spaced homes to people who were incredibly vulnerable, both to COVID-19 outbreaks in overcrowded existing facilities and to the other pandemics, chronic homelessness, a deadly spike in drug overdoses and mental health issues.
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Yelp closing office in Chicago, going with 'fully remote workforce'

Chicago Business 23 Jun 2022
Yelp leases roughly 133,000 square feet across two floors at the Merchandise Mart on deals that run through July 2023 ... Yet just six months later, the company leased another 72,000 square feet on the fifth floor ... their office space after leasing big swaths of it before the pandemic.
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Marathon receives mining leases for Valentine

Mining Weekly 15 Jun 2022
Toronto-listed Marathon Gold has received mining leases for the Valentine gold project, in central Newfoundland. The leases cover the development of the Marathon and Leprechaun deposits and have a term of 20 years ... .
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Transcat Reports Record Revenue and Adjusted Earnings Per Share for Fourth Quarter and Full Year ...

The Joplin Globe 23 May 2022
ROCHESTER, N.Y.--(BUSINESS WIRE)--May 23, 2022--. Transcat, Inc. (Nasdaq ... Mr ... Additionally, we relocated and upgraded our Toronto-based lab and also began work on a newly-leased greenfield lab in Southeast Florida to take advantage of Florida’s attractive and growing life science, aerospace and general industrial markets ... Change ... $'s. % ... Lease Liabilities.
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Amazon's rent-not-own strategy has been a boon to developers, but the boom may be coming to an end

Canoe 16 May 2022
Instead, the company leases its properties by way of sometimes-complicated, often-octopussian, always-secretive third-party agreements ... “Before, if you were lucky, you signed some leases before but probably not for the entire space ... As my colleague David Reevely recently reported, Amazon bought, not leased, its three Toronto-area properties.
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Nowhere to grow: Canada's biotech sector is booming, but a lack of lab space has some companies looking south

Canoe 12 May 2022
Less than three years later, Artisan is questioning its decision to put down roots in Toronto ... With nowhere to expand in Toronto, Artisan is now considering scaling up its operations in the U.S ... As a stopgap, Artisan has leased some extra lab space near Toronto Pearson Airport, about a 25-kilometre drive from its downtown facility.
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RioCan REIT sees demand for retail space soar as it reports first-quarter profit

Moosejaw Today 10 May 2022
The recovery is particularly evident in areas like downtown Toronto, where RioCan owns several properties and has more on the way, but lease and sale signs still hang from many windows in areas that were among the most desirable pre-pandemic like the financial district.
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Cronos Group Inc. (CRON) Reports 2022 First Quarter Results

MarijuanaStocks 10 May 2022
Current portion of lease obligation ... Non-current portion of lease obligation ... For the three months ended March 31, 2022, impairment loss on long-lived assets related to the Company’s decision to seek a sublease for leased office space located in Toronto, Ontario, Canada.
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Dream Office REIT Reports Q1 2022 Results

Ellensburg Daily Record 06 May 2022
Partially offsetting the year-over-year decrease were net rental income from our completed property under development at 1900 Sherwood Place in Regina, higher net rents on renewals and new leasing in Toronto downtown and higher parking revenues ... states of emergency in Toronto.
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Plan to move WSIB head office to London a 'pre-election stunt': NDP MPP

Toronto Sun 27 Apr 2022
“This is the first move of government agencies outside of Toronto. In Toronto today there is 650,000 square feet of office space in one of the most expensive buildings in the country ... In the last quarter of 2021, the average monthly office lease rate in Toronto was nearly $17 a square foot, the Toronto Real Estate Board reported.
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CEO says Flair has resolved foreign ownership issue - mostly - amid regulatory probe (Business)

Castanet 22 Apr 2022
The route out of the red and into the black ultimately runs through an initial public offering, he added, stating he aims to see Flair listed eventually on the Toronto Stock Exchange. The airline leases six of its 14 aircraft from 777 and the rest from U.S.- and Ireland-based companies.

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