Cogir buys DevMcGill, eyes Toronto expansion

Cogir buys DevMcGill, eyes Toronto expansion

Real estate firm Cogir immobilier has purchased Montreal condo developer DevMcGill and hopes to expand into the Toronto area. First off the mark could be a Toronto version of its $200 million-plus Humaniti project in Montreal, Mathieu Duguay, president and CEO of Cogir, told RENX.

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Chard Development rides Victoria’s economic wave

Victoria’s property development market over the last 15 years has experienced major swings. The economic tap tends to be either on, or it’s off. “The tap definitely feels on right now,” said David Chard, the president and CEO of Chard Development. The Vancouver-based development firm is currently surfing an economic wave in Victoria.

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Quebec landlords want security deposits legalized: CORPIQ

A third of Quebec landlords have asked tenants for security deposits when they sign a lease, despite the fact the province forbids the practice, according to a survey by CORPIQ (the Quebec landlords’ corporation). It wants the province to legalize security deposits for apartment rentals, because it says Quebec is the only jurisdiction in the western world where it is illegal for residential property owners to request the deposits.

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Daniels repeats as Tarion High-Rise Builder of the Year

A commitment to a buyer-first mentality has helped earn Toronto’s Daniels Corporation its second straight Tarion Homeowners’ Choice Award as Ontario’s High-Rise Builder of the Year. The Tarion award is unique because, while the homebuilding industry has a number of associations and honours, Tarion is an independent body which relies on the actual experiences of the purchasers in order to determine the winners.

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Regina’s office development policy would fail in Saskatoon, too

I had the pleasure of moderating the office panel at the Saskatchewan Real Estate forum in April. One of the topics that seemed to “gather legs” during our discussion was Regina’s current office development policy, as it relates to Saskatoon’s proposed office development bylaw.

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Six Months Ago: Apartment buy a Dutch treat for CAPREIT

Although “Canadian” is the key identifier in CAPREIT’s corporate name (Canadian Apartment Properties Real Estate Investment Trust), the apartment operator is not shy about looking beyond the borders of its home country. A few years ago it shrewdly identified Ireland as a country poised to enjoy an economic bounce back within the European Union and late last month it expanded to the Netherlands.

Property Biz Canada

One Year Ago: Brexit is a buying opportunity: Russo, Timbercreek

For property owners heavily invested in the U.K. and specifically London, it is likely too late to get out following the Brexit vote. For those not players in the market, prices will start to look attractive, said Corrado Russo, global head of real estate securities with Timbercreek Asset Management in Toronto.

Property Biz Canada

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