Castlepoint Numa to deliver affordable homes in T.O. developments

RENX  Residential

Castlepoint Numa Inc. and WoodGreen Community Services have partnered to deliver and manage 300 to 400 affordable rental housing units at four of its Toronto residential and mixed-use developments during the next 10 years.

Redevelopment of Times Colonist building approved

Commercial  •  Canada Newswire

Merchant House Capital‘s proposal to rezone Victoria’s former Times Colonist building has been approved. The Montrose-Wintergarden redevelopment will include the renovation of the Montrose apartments and the 20-storey, 100,000-square-foot Wintergarden Hotel, Victoria’s first hotel proposal in 20 years.

Saskatoon developer’s dreams come true

Residential, Commercial  •  Saskatoon StarPhoenix

As lead developer on Saskatoon’s 300-million-plus River Landing complex, Victory Majors founder Karim Nasser struggles to describe his feelings as the project nears completion. “I can’t believe it. I still can’t look at those places. Did I dream that?”

The People Space › People Space: New RioCan COO, hires at RE/MAX, AY, Slate…

Don Wilcox: Managing Editor

Gupta Group proposes two-building development

Residential, Commercial  •  Urban Toronto  •  Urban Toronto

The Gupta Group has proposed IBI Group-designed buildings at 906 Yonge St. in Yorkville — a 33-storey mixed-use tower and a 19-storey residential building connected by a two-storey base. The buildings would include a total of 401 residential units.

55 Yonge praised by design review panel

Residential  •  Urban Toronto

One of the more unique development proposals in the city is 55 Yonge, a 66-storey tower from H&R REIT situated in the heart of the Financial District. The BDP Quadrangle-designed development was praised by members at Toronto’s Design Review Panel.

Surrey guarantees rezoning, building permit timelines

Commercial  •  Western Investor

Surrey is believed to be the first municipality in Metro Vancouver to begin providing guaranteed timelines for building permits, including rezoning applications. The city said the maximum time for a rezoning application for commercial development projects will be 16 weeks.

Langford approves rezoning for 24-storey towers

Residential  •  Victoria Times Colonist

Langford council has approved zoning changes to allow four condominium buildings of up to 24 storeys in neighbourhoods of aging single-family homes. Jagpal Development is planning a 24-storey tower with 269 homes, as well as 271 units in an adjacent 18-storey building.

Vancouver port responding well to multiple crises: CEO

Commercial  •  Business In Vancouver  •  Business In Vancouver

Vancouver’s port has weathered multiple crises in the past 20 months but needs to deal with an industrial land shortage, climate change and a lack of containers, Vancouver Fraser Port Authority CEO Robin Silvester said Thursday.

Port of Montreal launches RFQ for expansion project

Commercial  •  ReNew Canada

The Montreal Port Authority officially launched the Request for Qualifications (RFQ) for the Contrecoeur container terminal project’s Design-Build-Finance-Operate-Maintain. The RFQ will remain open to national and international industry players for the next three months.

Quebec economy sees strongest post-pandemic rebound

Commercial  •  Globe and Mail  •  Montreal Gazette  •  Canada Newswire

Quebec’s economy is poised to outperform every other Canadian jurisdiction this year in a remarkable rebound from the pandemic that has put the province on track to record its highest annual GDP growth on record.

Real estate podcasts

Residential, Commercial  • 

Brett Gilley, University of British Columbia: B.C.’s state of emergency, The Construction Record
Raquel Rolnik, urban planner: Unaffordable rent pushing out the people our cities need, City Space 
Martin Moriarty, Marcus and Millichap: Retail entertainment, Highview Partners People Who Perform

Mexican regulators approve CP-K.C. Southern deal

Commercial  •  Toronto Star  •  Canada Newswire

Mexican regulators have approved Canadian Pacific Railway’s (CP-T) deal to buy U.S. railway Kansas City Southern. The railways say the deal has received the okay from the Mexican Federal Economic Competition Commission and the Mexican Federal Telecommunications Institute.

Record number of U.S. office buildings turned into apts.

Residential, Commercial  •  CNBC

Throughout 2020 and 2021, 41% of U.S. apartment conversions, or taking an existing non-residential building and turning it into apartments, have come out of old office spaces, according to a report from the apartment-search site RentCafe.

China Evergrande founder sells 9% stake for $439M

Residential, Commercial  •  Globe and Mail (Sub. required)  •  CNBC

The chairman of China Evergrande Group Hui Ka Yan sold 1.2 billion shares in the company at an average price of HK$2.23 each on Thursday. The share sale, worth $439 million Cdn., lowers Hui’s stake in the Shenzhen-based company to 67.9 per cent.

Cities and states pass dozens of new renter protections

Residential  •  CNBC

Over the last two years, states and cities have passed dozens of laws granting tenants additional rights. “The COVID pandemic has seen a new era of renter protections across the U.S.,” said Seattle city councillor Kshama Sawant.

GWL opens 21-storey Van. rental building

Residential  •  Canada Newswire  •  urbanYVR  •  RENX

GWL Realty Advisors Wednesday officially opened Chronicle, a 21-storey, 128-unit market rental tower at Vancouver’s 825 Nicola St. The Lower Robson neighbourhood had not seen a new rental building open in decades.

Int’l students flagged in alleged money laundering

Residential  •  Global News  •  CBC

In August 2012, a 19-year-old student from Guangdong arrived from the Dominican Republic to Montreal with $23,800 in euros and U.S. dollars stuffed into his backpack. Four months later, Zhang Guanqun purchased an 8,500-square-foot mansion in Coquitlam, B.C., for $2.1 million.

Homeowners seek litigation after buying without conditions

Residential  •  CBC

Erin Durant of Durant Barristers in Ottawa says she’s seen a “significant increase” in the number of clients who purchased a home with no conditions and are now seeking legal recourse for problems that popped up after moving in.

Newly built GTA houses set record in October: BILD

Residential  •  Toronto Star  •  Globe Newswire

New construction single-family home prices hit a record in the Toronto region last month as the $1.66-million benchmark was up 36.6 per cent year-over-year, according to the Building Industry and Land Development Association (BILD).