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770 rental units coming to T.O.’s Canary District
770 rental units coming to T.O.’s Canary District
Maple House, the first phase at Canary Landing, is opening the units this summer, 30% of which are designated as affordable housing and will give priority to single mothers, women fleeing abuse, people with accessibility issues and indigenous people.
ICM, Meckelborg launch nat'l self-storage fund
A new self-storage fund has been launched to consolidate and develop primarily class-A assets in major metropolitan areas across the country. The ICM Bluebird Canadian Self Storage Fund is a venture between ICM Asset Management and Meckelborg Financial Group Ltd.
77-storey condo tower coming to Niagara Falls
77 Niagara, a development hailing from Fugiel International Group and Chamberlain Architects, will rise 77 storeys in the central Fallsview district of Niagara Falls. It will house 962 residential units.
Canada seeing the rise of mall cities
Traditional shopping centres including Vancouver’s Oakridge Centre and CF Fairview Mall and Bayview Village in Toronto are finding new life as mall cities: dense, amenity-rich hamlets that promise to transform spaces with too much retail, redundant parking and inefficient layouts.
U.S. firm acquires Thunder Bay paper mill for US$218.6M
U.S. private equity fund manager Atlas Holdings purchased a Thunder Bay pulp and paper mill on Tuesday from Paper Excellence Group for $218.6 million US, the latest in a string of Canadian forest product acquisitions by an investor.
StorageVault, AP REIT buy Quebec dealership for $16.1M
StorageVault Canada Inc. (SVI-T) and Automotive Properties REIT (APR-UN-T) have entered into a 50/50 joint venture to acquire an automotive dealership property located at 9425 Taschereau Blvd. in Brossard, Que., from a third-party vendor for $16.1 million.
Investors purchase Muskoka’s Windermere House hotel
A group of investors, managed by the Cambridge, Ont.-based B Hospitality Group, have acuired the iconic Windermere House in Muskoka. The property was put up for sale just a few months prior and was listed at $12 million.
Everest defends four-year Surrey condo tower delay
Edmonton-based developer Haris Thiara, president of Everest Development Group, is defending a four-year delay in construction of The Centra, a nearly sold-out 167-unit, 23-storey condo tower in Surrey that is not expected to complete until December 2024.
29-storey mixed-use proposed in Scarborough Village
Landowner Scarboro Golf & Country Club Residence Inc. has proposed a 29-storey mixed-use tower at 3174 Eglinton Ave. E. in Scarborough Village. The SvN-designed building would include 342 residential units and 2,689 square feet of commercial space.
DevvStream launches clear carbon trading platform
Vancouver-based DevvStream has announced the launch of its Buildings and Facilities Carbon Offset Program, a blockchain-based project that has the potential of revolutionizing the carbon trading market by shining a light into its inner workings.
Finding workers main task: Outgoing EllisDon CEO
Geoff Smith, the outgoing CEO of EllisDon, one of Canada’s largest construction services companies, says his priority during his tenure was hunting for clients, but that his successor will have a different mission: finding workers.
Canadian restaurants facing impending bankruptcies
Recent research released by Restaurants Canada reveals a 116 per cent increase in bankruptcies for Canadian restaurants compared to 2022, and much of this is due to the unpredictability of running a small business in Canada.
15M square feet of NYC office underwater: JLL
Slow leasing and rising interest rates have taken their toll on the U.S.'s largest office market, with scores of New York City office buildings now with loan balances that are larger than their valuations, according to JLL.
Google to offload 1.4M sq. ft. of Silicon Valley office
Google is seeking to shed 1.4M SF across seven offices in Silicon Valley after pausing its vaunted development project in downtown San Jose. Google plans to sublease offices in Sunnyvale and Mountain View, joining a crowded sublease market.
Brookfield faces shareholder calls for tax transparency
Brookfield Corp. (BN-T) is facing pressure to be more transparent about its taxes as a shareholder proposal to ramp up its disclosure is set to go to a vote at the asset manager’s annual meeting next week.
Caisse to shutter Shanghai office this year: Report
Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its Shanghai office this year, the Financial Times reported on Thursday, citing sources.
Home building slows due to labour, borrowing issues
Canada’s residential construction activity has slowed in recent months due to a tight labour market and higher borrowing costs, a factor that could thwart government plans to reduce a housing shortfall and add to the recovery in home prices.
ULI all-in for 15-minute communities movement
The 15-minute communities movement is having a moment in 2023, and Urban Land Institute infrastructure fellow Yvonne Yeung believes she and her colleagues have created a tool to stretch that moment into a long-term vision for master-planning urban spaces.
GTA homebuyers face growing competition
GTA homebuyers are once again feeling the heat from rising competition and higher home prices as a lack of new listings continued to dog the traditionally busy May real estate market, according to the Toronto Regional Real Estate Board (TRREB).
Condo market pushes Calgary sales to May record: CREB
A spike in condominium sales helped lift Calgary’s housing market to a May record for sales as the number of properties that changed hands reached 3,120 last month, according to the Calgary Real Estate Board (CREB).
Industry Events
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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