RioCan plans colossal redev. at GTA’s Colossus Centre

RENX  Residential, Commercial  •  Retail, Apartments, Condominiums  •  Toronto / GTA

RioCan REIT has ambitious long-term plans to redevelop its 61.7-acre Colossus Centre shopping centre in Vaughan, Ont., with up to 25 towers and buildings comprising over 10 million square feet of housing and retail.

How CRE industry can aid Ukrainian, Afghan refugees

RENX  Residential  •  Homes  •  National, International

Canada has pledged to accept thousands of refugees from dangerous situations and war in Ukraine and Afghanistan, but what’s it doing to help and house them once they arrive? Plenty, but much more assistance is required.

Katz Group pitches Edmonton urban village

Residential, Commercial  •  CBC

The Katz Group wants to turn nearly 5.3 hectares of mostly vacant land north of Edmonton’s Rogers Place into a mixed-use development called Village at Ice District, consisting of commercial, retail, industrial space and up to 2,500 residential units.

Bosas embroiled in court case over name

Residential, Commercial  •  Burnaby Now  •  RENX

A cross-border battle of the Bosas is underway in B.C. and Washington state courts over the respective branding of two well-known developers. Bosa Development, based out of Burnaby. has filed suit against Bosa Properties on both sides of the border.

Metropia proposes 49-storey condo tower

Residential  •  Urban Toronto

Metropia has proposed a 49-storey,  515-foot condo tower for 239 Dundas St. E. in Toronto’s Garden District. The Turner Fleischer Architects-designed building would contain 678 residential units, including eight rental replacement units: 93 studios, 376 one-bedrooms, 208 two-bedrooms and one three-bedroom.

Investors flock to Vancouver property market

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

In the past few years, institutional investors have moved into the Lower Mainland to take advantage of one of the world’s most lucrative markets. The Vancouver Real Estate Forum will include a panel discussion on investors partnering with local developers.

Value: Weighed and Measured › Interest rates, inflation, overheated housing prices; it’s messy out there

John Clark: AACI | Vice President, The Regional Group of Companies Inc.

lululemon to open 3-level flagship store in T.O.

Commercial  •  Retail Insider  •  Daily Hive  •  blogTO

Vancouver-based retailer lululemon will open one of its largest stores in early 2024 in KingSett Capital‘s 2 Bloor St. W. in downtown Toronto. The store will span about 12,100 square feet over three floors and will have direct connection to the TTC.

Great Western planning $40M brewery expansion

Commercial  •  CBC

Great Western Brewing Company CEO Michael Brennan is hoping an ambitious new project will pay off for the long-standing Saskatoon-based beer maker. Great Western plans to spend just under $40 million on a multi-year process to modernize and expand production.

Van. furniture retailer opening T.O. warehouse, store

Commercial  •  Retail Insider

Vancouver-based furniture store Sundays has expanded its reach in Canada with the opening of a warehouse and a store in Toronto and the addition of an executive to oversee its logistics network.

Furniture manufacturer Palliser expanding facilities

Commercial  •  Retail Insider

Winnipeg-based furniture manufacturer Palliser is making a big investment in its operations. The company is building a 130,000-square-foot facility in Winnipeg as well as another plant in Matamoros, Mexico, to complement facilities already in place at those locations.

REIT financial results

Residential, Commercial  • 

Lanesborough REIT, (LRT-UN-X), Canada Newswire
Nova Net Lease REIT, (NNL-U-CN), Canada Newswire 

Cross-border CRE investment hits record high

Commercial  •  Commercial Property Executive

Shaking off a pandemic-induced slowdown in 2020, cross-regional global real estate capital flows from North America, Europe and the Asia Pacific region jumped 60 per cent year-over-year to a record $77.5 billion in the second half of 2021, according to a new CBRE report.

B.C.’s ability to find hidden owners negligible

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

When politicians went looking for the property of oligarchs to potentially seize, B.C. was unable to determine whether there were any Russian holdings because a much-touted land registry aimed at finding hidden owners wasn’t sufficiently complete to be of use.

Unibail looks to sell $13.2B portfolio, exit U.S. retail

Commercial  •  Bisnow

Paris-headquartered mall giant Unibail-Rodamco-Westfield SE has decided to sell its U.S. retail assets, which might fetch considerably less than it paid for them, especially the $14 billion it paid for Westfield and its American mall portfolio four years ago.

Third-largest U.S. pharmacy chain in deep trouble

Commercial  •  Bisnow

Pharmacy giant Rite Aid is at risk of going out of business, according to Deutsche Bank analyst George Hill, who issued a downgrade for the retailer and said its stock could be worthless.

Finding enough homebuilders will be tough: BMO

Residential  •  Financial Post  •  Globe and Mail

The first big challenge to Canada’s plan to double the pace of homebuilding within a decade is finding enough skilled workers as the country grapples with the tightest labour market on record, said Robert Kavcic, senior economist at BMO Economics.

More Ontarians moved to Quebec in 2021 than vice-versa

Residential, Commercial  •  Globe and Mail

Last year, for the first time on record, more Ontario residents moved to Quebec than the other way around, according to Statistics Canada. Remote work and affordable housing seem to be driving the shift in the short run, analysts suggest.

Will a federal ban on foreign homebuyers cool prices?

Residential  •  Globe and Mail  •  CTV  •  Ottawa Citizen

Ottawa’s proposed ban on foreign homebuyers will do little to cool the housing market, British Columbia’s minister of housing David Eby predicts, and to temper it, some critics are calling for increased regulation of the sector.

Six ways budget could affect GTA market

Residential  •  Toronto Star  •  CBC  •  Toronto Star

What will the newest slate of federal housing promises mean for residents of the GTA? While many details are yet to come, here’s a look at what this budget could mean on the ground: