Strategic requires new Alberta apt. tenants be vaccinated

RENX  Residential  •  Apartments  •  Calgary, Alberta, Atlantic Canada

Calgary-based real estate company Strategic Group will require all new residents to be vaccinated against COVID-19  in order to lease apartments in its buildings in Alberta.

Property Vista grows, expands property management capabilities

RENX  Residential  •  Industrial, Office, Apartments, Technology  •  National, Toronto / GTA

When Leonard Drimmer was CEO of TransGlobe Property Management – predecessor to Starlight Investments – he was unsatisfied with the property management software systems of the day. Those platforms dealt primarily with accounting, and he wanted more.

Lakeshore’s 29-storey mixed-use approved in Burlington

Residential, Commercial  •  Toronto Star  •  Toronto Star

The Ontario Land Tribunal has ruled in favour of Lakeshore Inc.’s 29-storey mixed-use building in downtown Burlington. The building, which exceeds area height limits of 17 storeys, will include 280 residential units and feature 7,266 square feet of commercial space, plus 280 parking spaces.

Diamond proposes six-building mixed-use complex

Residential, Commercial  •  Urban Toronto

Diamond Corp. has proposed a six-building mixed-use complex at 5 and 43 Junction Rd. in Toronto’s Junction neighbourhood. The CORE Architects-designed proposal includes buildings of 15, 18, 26, 28, 32 and 35 storeys that would be built in three phases and include a total of 1,882 residential units.

WeWork gets $150M investment from C&W

Commercial  •  Reuters

Cushman & Wakefield said Friday it had invested $150 million in WeWork (WE-N), days after the office-sharing firm started trading on the New York Stock Exchange following a merger with a blank-cheque company. The investment comes months after the firms’ announced partnership.

Just in time manufacturing . . . is running late

Bronwyn Scrivens: Associate Broker, Omada Commercial

Techo-Bloc building $45M plant in Ayr, Ont.

Commercial  •  Canada Newswire

Techo-Bloc Inc. will be opening a new state-of-the art manufacturing plant in Ayr, Ont., in spring 2022. Techo-Bloc’s $45 million investment will allow for the creation of over 50 local jobs. The Ayr plant will be the company’s ninth manufacturing facility to date.

Firm Capital acquires Ont. industrial portfolio for $15M

Commercial  •  Globe Newswire

Firm Capital Property Trust (FCD-UN-X) announced the acquisition of three industrial properties, two in Stratford, Ont., and one in Woodstock, Ont. The acquisition price for the fully occupied portfolio is $15.0 million ($78 per square foot).

Tridel’s Bloor Promenade topped off at 44 storeys

Residential  •  Urban Toronto  •  RENX

Bloor Promenade, the third-and-final condo tower in Tridel‘s Islington Terrace just north of Islington subway station in Etobicoke, has topped off at 44 storeys. The tower is designed by Kirkor Architects.

ECOMsquare Canada’s first e-commerce co-working hub

Commercial  •  Globe Newswire

Vancouver is getting a new addition with ECOMsquare, Canada’s first purpose-built co-working space for e-commerce brands. The two-storey, 7,000-square-foot facility is owned and operated by JIBE,  an agency for brands looking to elevate their e-commerce experience.

80% of firms needing gov’t support won’t get it: CFIB

Commercial  •  Canada Newswire  •  Globe and Mail (Sub. required)  •  Toronto Star

According to the latest survey from the Canadian Federation of Independent Business, only one in five businesses requiring additional federal business support report they will qualify for either of the two main streams for wage or rent support.

Canada’s 10 largest construction project starts

Residential, Commercial  •  Daily Commercial News

The 10 largest construction project starts in Canada in September. Also included is the latest trend graph on starts, which looks at 12-month moving totals of the civil and non-residential building categories in the country.

Amazon’s most advanced sort centre to open in 2022

Commercial  •  Canada Newswire  •  Montreal Gazette  •  La Presse

Amazon Canada will open YUL9, its most advanced sort centre in the country, in Coteau-du-Lac, Que., in 2022. The 720,000-square-foot facility in Broccolini’s ALTA industrial park will be the first in Canada to integrate Amazon Robotics’ leading-edge mobile fulfillment systems.

Slate recapitalizes $616M European grocery portfolio

Commercial  •  Business Wire

Slate European Real Estate Limited Partnership I, Slate European Real Estate Limited Partnership II and Slate European Real Estate Fund III have agreed to recapitalize a $616-million portfolio of European grocery-anchored assets with a New Zealand Superannuation Fund-led group.

Tim Hortons China hits 300 stores in short order

Commercial  •  Ottawa Citizen

Iconic Canadian coffee and donut chain Tim Hortons is on a tear in China, more than doubling its store count this year in a blistering expansion that if sustained would outpace the initial trajectory of industry incumbent Starbucks Corp.

Evergrande makes payment before deadline: Sources

Residential, Commercial  •  Globe and Mail  •  ANI

Developer China Evergrande Group has made an interest payment for an offshore bond before a grace period expired on Friday, two sources said, narrowly averting a catastrophic default for the second time in a week.

Jumbo: Town that never was soon no longer will be

Residential, Commercial  •  Business In Vancouver

Jumbo, a town with no people created from nothing, began a quiet death in the B.C. Legislature Wednesday. When Victoria created the municipality in 2012, it was seen as a step toward making the year-round Jumbo Glacier ski resort a reality.

Van. struggling to gain public input on rash of projects

Residential, Commercial  •  Globe and Mail

A king tide of regional, city and neighbourhood planning efforts is hitting the Lower Mainland, leading to concerns about “consultation fatigue,” as residents are inundated with requests to attend meetings, fill out surveys, offer opinions or speak at city council.

B of C’s warning may dampen housing boom

Residential  •  Globe and Mail

Canada’s pandemic housing boom has attracted a larger-than-usual share of speculators, many of whom took advantage of falling variable mortgage rates, but the central bank’s surprise warning this week about an early interest rate liftoff could douse a rally.

Banning blind bidding could push home prices higher

Residential  •  Financial Post  •  CTV

According to research conducted by the Smart Prosperity Institute, with funding from the Canadian Real Estate Association (CREA), the federal Liberals promise of a ban on blind bidding might actually force housing prices even higher.