LocationsRecent Articles
Tal forecasts stable housing sector, slower rental market
Tal forecasts stable housing sector, slower rental market
The next six months will be more difficult economically than the past quarter, but Canada’s housing market is expected to continue its V-shaped recovery, according to CIBC World Markets deputy chief economist Benjamin Tal.
Cominar REIT to undertake ‘formal strategic review’
Cominar Real Estate Investment Trust (CUF-UN-T), one of Canada’s largest diversified REITs, has initiated a “formal strategic review process.” In a release Tuesday, Cominar management said a special committee of independent trustees has been created to explore its options.
$500M suit filed against Canopy Growth, related firms
• Globe and Mail (Sub. required)
A group of prominent greenhouse operators has launched a lawsuit against Canopy Growth Corp. (WEED-T) and two related companies seeking $500 million in damages and alleging fraud and civil conspiracy in a dispute over a troubled joint venture in Leamington, Ont.
Windsor Private Capital creates RE Opportunity Fund
Toronto-based Windsor Private Capital, a merchant bank with a 28-year history of lending to developers and real estate projects, is launching its first fund in the sector with the Windsor Real Estate Opportunity Fund.
Michael Gordon to succeed Robert Courteau at Altus
Robert Courteau will retire at the end of September from his position as chief executive officer of Altus Group (AIF-T). Michael Gordon, formerly the CEO of U.K.-based Callcredit Information Group, will succeed Courteau.
Tensions rise as Walmart charges suppliers for revamp
Walmart Canada (WMT-N) officially started charging its suppliers extra fees on Monday, veering closer to what some in the grocery industry say could be a breaking point in the shaky relationship between food producers and supermarkets.
COVID-19 reshuffles cold chain, logistics deck
No sector is more active than logistics, and there is no busier niche within it than cold chain for grocery and medical needs. The busiest companies within that niche are automated logistics pioneers and the grocers they serve.
New regulations proposed for Ont. capital markets
Proposals to ease some of the rigidly prescriptive oversight of Ontario capital markets, while strengthening punitive mechanisms, have garnered positive response from connected players who issue, underwrite, deal in and advise investors on publicly traded securities, including real estate.
Off-White opens unique Vancouver pop-up
Luxury shoppers are elated Holt Renfrew has relaunched pop-up shop installations on the walkway between CF Pacific Centre and the third floor of Holt Renfrew in Vancouver. Kicking-off is an exclusive Off-White c/o Virgil Abloh pop-up sure to attract shoppers.
Canadian office furniture shortages loom
As Canadians continue to work and study from home this fall in anticipation of a second wave of COVID-19, furniture stores are running low on desks and chairs and other supplies for home offices.
Ottawa approves JB Holdings’ six-storey rental building
Ottawa city council has given JB Holdings the green light to construct a six-storey apartment building in the Glebe. Forty of the 49 rental units will be one-bedroom suites, with the rest split between two-bedroom and studio apartments.
North Bay makes ‘best locations’ for investment list
The magazine Site Selection has named North Bay one of Canada’s 20 best locations for investment. The list from Site Selection states North Bay “attracts more than its share of projects, from heavy industry to food to film and TV productions.”
Facebook buys REI’s HQ for $368M
Outdoor sporting goods retailer REI surprised the world last month when it put its never-been-used suburban Seattle headquarters up for sale, a striking example of how the pandemic is reshaping office demand. On Monday, Facebook Inc. bought it for $368 million.
Blackstone to buy $550M manufactured housing portfolio
Blackstone Group (BX-N) aims to grow its manufactured housing portfolio by acquiring about 40 parks for $550 million, in a major vote of confidence for one of the most resilient property sectors. Blackstone would acquire the assets from Summit Communities through BREIT.
SL Green, Hines open 77-storey Manhattan skyscraper
Developers SL Green and Hines have opened One Vanderbilt, the second-tallest skyscraper in New York City, with high hopes for the landmark project at a time when office towers are mostly empty. The 77-storey property spans a full city block.
Here comes the life sciences land rush
Most people who work in the life sciences — pharmaceutical, biotech and other medical research fields — can’t do their jobs from their couches or backyard sheds like many office workers. For them, the pandemic has helped fuel a real estate scramble.
New board steps in at Shangri-La condo tower
• Globe and Mail (Sub. required)
A long struggle for control at the condos topping Toronto’s luxury Shangri-La Hotel has ended with the election of a new board of directors and the departure of a controversial board president.
Most who deferred mortgages will resume payments
Three of Canada’s six biggest banks said Tuesday they expect most borrowers who took advantage of pandemic-related deferral programs to resume payments, countering fears of a sharp increase in impaired loans.
Worries persist about Vancouver market
• Globe and Mail • Vancouver Sun
In downtown Vancouver, the condo market has softened considerably. And although the detached house market is robust, the number of houses for sale could increase once the people who took mortgage deferrals have to start paying again.
Potential buyers taking to laneways with cautious optimism
• Globe and Mail (Sub. required)
Laneway suite potential is a phrase beginning to appear with increasing regularity in Toronto real estate listings. The two-year-old city program is designed to allow homeowners with rear lane access to build two-storey rental suites where a garage once stood.
Industry Events
-
Canada Real Estate Auction
Oct 22 2024
-
Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
-
MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
