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Proment launches final phase at Quartier Pointe Nord
Proment launches final phase at Quartier Pointe Nord
Proment Corp. has kicked off the seventh-and-final development phase of its multi-year Quartier Pointe Nord project on Montreal’s Nuns’ Island with construction of the $150 million Evolo Nex tower.
Centurion acquires new 240-unit Laval apartment building
Centurion Apartment REIT has acquired its first property in the Laval submarket in Greater Montreal, the new 12-storey Evolution building at 1355 Le Corbusier Blvd.
3,000-unit Halifax development receives green light
The redevelopment of Halifax's Shannon Park has been approved by Harbour East Marine Drive community council. The site's owner, Canada Lands, promises 20 per cent of the 3,000 new residential units will be affordable. The plan includes a transit hub.
Lowe's Canada to now operate as Rona Inc.
RONA Inc. Friday announced it has re-established itself as an independent company following its acquisition by Sycamore Partners from Lowe's Companies. RONA, which was founded in 1939, will retain its head office in Boucherville, on the South Shore of Montréal.
CRE market changing in downtown Edmonton
VIDEO: The COVID-19 pandemic has seen a number of businesses close their doors while others have flourished. Anand Pye and Kris Auguston from the Commercial Real Estate Development Association joined Global News to talk about the everchanging market.
Four mixed-use towers proposed for Brampton Southgate
Anclare Holdings proposes 10-, 12-, 18- and 20-storey mixed-use buildings at 700 Balmoral Dr. on the Southgate Plaza site in Brampton. The Architecture Unfolded buildings would include 982 residential units and 449,654 square feet of commercial space.
The five costliest Calgary developments completed in 2022
In 2022, several notable and impactful developments completed construction and were issued occupancy permits. According to the City of Calgary, these were the top five by construction value:
16 Canadian REITs raised dividends in 2022
A total of 16 Canadian REITs announced dividend increases in 2022, seven from the residential sector and five from retail. The industrial segment had two dividend hike annoucements, while the office and diversified sectors each had one
Olymel shuttering two Quebec pork-processing plants
Olymel is closing its pork-processing plants in Blainville and Laval, Que., which will result in the loss of 170 jobs. The closures are part of a reorganization of the company that began in 2021.
Fahr Brewery plans 25,000-square-foot Calgary plant
Jochen Fahr began brewing beer out of his small, two-bedroom apartment a little over a decade ago. This summer, Fahr plans to break ground on a 25,000-square-foot facility on five acres in Calgary's recently amalgamated Diamond Valley.
William Wright opening second Vancouver Island office
William Wright Commercial Real Estate Services has opened an ofice in the Parksville Memorial Centre. William Wright has two offices in Vancouver and others in Victoria, Kelowna, New Westminster and Langley. A Kamloops office is set to open this year.
Urban Fare to open new location near UBC
Urban Fare, part of Pattison Food Group, has opened a new location in leləm̓ Village, bordering the University of British Columbia. The store is the gourmet grocer’s fifth in Vancouver and seventh overall, with locations in Kelowna, B.C. and Calgary.
Brookfield may sell 50% of Mumbai office assets for $1.5B
Brookfield Asset Management Company is in talks with Singapore’s sovereign wealth fund GIC to sell half its stake in 4.2 million square feet of office and retail space in Powai, Mumbai for $1.5 billion, two sources said.
Public Storage makes $11B hostile bid for Life Storage
Public Storage (PSA-N) said on Sunday it made an $11-billion offer to acquire Life Storage Inc, (LSI-N), making public the U.S. self-storage property owner’s ambitions to buy its rival after an earlier private takeover attempt was rejected.
Microsoft stops work on 90-acre Atlanta campus
Microsoft has halted plans to develop a sprawling campus on the 90 acres it acquired in Atlanta's Grove Park neighborhood in 2021. The technology giant “has decided to pause the planning process.”
JLL closes sale of third-largest hotel ever in the U.S.
JLL's Hotels & Hospitality Group announced today it closed the sale of the Diplomat Beach Resort, an award-winning beachfront resort with 1,000 guest rooms in Hollywood, Fla. A JV between Credit Suisse Asset Management and Trinity Fund Advisors purchased the resort.
Investors own more than 40% of Ontario’s condo market: CHSP
More than 40 per cent of condos in Ontario are investment properties, with investor ownership in excess of 80 per cent in smaller metropolitan areas such as London, Sarnia and Woodstock, according to a new report by the Canadian Housing Statistics Program (CHSP),
Home prices are only halfway to the bottom Economists
Economists at Oxford Economics think we are only halfway through a housing correction, and prices — already down 14 per cent since the peak in February 2022 — when they hit bottom will be down 30 per cent.
Mattamy homes selling for hundreds of thousands less in 2023
Mattamy Homes is selling pre-construction houses in two Oakville projects for as much as hundreds of thousands of dollars less than a year ago — a move last year's purchasers say is undermining their already impossible financial situations.
Ottawa home sales down 35 per cent Y-O-Y to start 2023
The real estate slowdown continued in Ottawa in January, with home sales dropping for the 11th straight month. Home sales were down 35 per cent year-over-year, according to the Ottawa Real Estate Board.
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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