CRE a female-friendly career option: Madeleine Nicholls

RENX  Residential, Commercial  •  Human Resources  •  National, Metro Vancouver

Madeleine Nicholls has been in the commercial real estate business for more than 20 years and the Vancouver managing director for Colliers International is surprised more women aren’t picking up on the female-friendly aspects of the job.

Barrie has 16 residential developments in the works

Residential  •  Barrie Today  •  RENX

The City of Barrie’s 2021 fourth-quarter update on residential development applications shows 16 projects in the works, including a 1,900-unit, 41-, 38-, 35- and 25-storey proposal by SmartCentres REIT and HIP Developments’ 623 residential units in 25- and 29-storey buildings with a shared six-storey podium.

Manor Park proposal going to Ottawa committee

Residential, Commercial  •  CBC

Manor Park Group‘s proposal to add 3,800 residential units goes to a vote at the City of Ottawa’s planning committee on Thursday. The plan includes buildings ranging from nine to 30 storeys and more than 20,000 square feet of commercial space.

Allied buying 6 office buildings from Choice for $794M

RENX  Commercial  •  Office  •  Metro Vancouver, Toronto / GTA, Greater Montreal

Allied Properties REIT (AP-UN-T) has an agreement to acquire six urban office properties comprising about 1.2 million square feet from  Choice Properties REIT (CHP-UN-T) for $794 million. Three of the buildings are in Toronto, one in Montreal and two in Vancouver.

Fitzrovia closes on 3-acre T.O. residential site from Slate

Residential  •  Business Wire  •  RENX

Slate Asset Management announced today it has sold the jointly owned three-acre site at 6 Dawes Rd. in Toronto to Fitzrovia. The site will be developed by Fitzrovia into a premier rental community comprising approximately 1,000 class-A residential units.

Vancouver advances Anthem’s mixed-use project

Residential, Commercial  •  Western Investor

City of North Vancouver voted to advance Anthem Properties‘ mixed-use mid-rise redevelopment project at 149 West Third St., in North Vancouver. The proposal includes 57 strata homes above 6,276 square feet of commercial space.

Value: Weighed and Measured › The change genie is out of the bottle … where do we go from here?

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

Ottawa could lose planning powers to province

Residential, Commercial  •  CBC  •  Ottawa Citizen

The City of Ottawa could lose some local control over how future developments and buildings fit into existing neighbourhoods if the Ontario government were to enact sweeping recommendations from its Housing Affordability Task Force, according to chief planner Stephen Willis.

West Van. plan encourages breweries, food processors

Commercial  •  Western Investor

New zoning policies are on tap in the District of West Vancouver that will see craft breweries, wineries, cideries and distilleries allowed on some commercially zoned lots. The zoning changes will also allow food manufacturing along with retail/wholesale sales.

$675M set aside for Mississauga transportation projects

Commercial  •  CBC  •  EIN Presswire

The federal, provincial and municipal governments will spend a combined $675 million on three new public transportation projects in Mississauga. The money will purchase 358 hybrid buses, design and deliver a bus corridor along Dundas Street and upgrade existing corridors.

Primaris REIT announces inaugural issuer rating of BBB

Commercial  •  Business Wire  •  Business Wire

Primaris REIT (PMZ-UN-T) announced today its issuer rating of BBB with a Stable Trend, assigned by DBRS Morningstar. Primaris is Canada’s only enclosed shopping centre-focused REIT, with ownership interests primarily in dominant enclosed shopping centres in growing markets.

Mainstreet Equity CEO offers help to Ukrainian refugees

Residential  •  Calgary Herald  •  RENX

Bob Dhillon, founder/CEO of the Calgary-based Mainstreet Equity (MEQ-T) rental property organization that has 16,000 apartments spread from Winnipeg to Vancouver Island, is determined to do whatever he can to provide support for Ukrainians fleeing their war-torn homeland.

Couche-Tard to suspend operations in Russia

Commercial  •  Globe and Mail  •  Canada Newswire  •  Canada Newswire

Convenience store giant Alimentation Couche Tard Inc. (ATD-T) is suspending operations in Russia, the latest Canadian company to break off ties with the country as the 12-day-old invasion of Ukraine continues to take a toll on people and business.

Cedar to be acquired, sell $840M in assets

Commercial  •  Bisnow

Cedar Realty Trust is selling a portfolio of 33 grocery-anchored shopping centres for $840 million and has agreed to sell itself, excluding those assets and two redevelopment projects it will also sell, to a separate investor for $291.3 million.

Brookfield enters Australian student housing sector

Residential  •  Mingtiandi  •  IPE Real Assets

Brookfield Asset Management has entered the student accommodation market in Australia, kicking off its first development project in Melbourne under a portfolio that it aims to grow to over $467 million Cdn as the country reopens its borders to international students.

Saudi prince’s $500B megaproject woos Wall Street

Residential, Commercial  •  Financial Post

Executives from the Saudi crown prince’s “Neom” megaproject have invited bankers and investors to a meeting in New York next month as they try to drum up international interest in their US$500 billion plan to build a high-tech hub.

London housing prices up over 41% year-over-year

Residential  •  CTV

The overall average price across London and St. Thomas was $825,221 in February, a year-over-year increase of 41.2 per cent. according to the latest figures from the London and St. Thomas Association of Realtors.

Edmonton real estate market breaking records

Residential  •  Global News  •  Edmonton Journal  •  Globe and Mail (Sub. required)

The dead of winter is usually a slow time for Edmonton’s housing market, but this year the Realtors Association of Edmonton said February is boasting numbers that would not normally be seen until the spring.

In the Maritimes, rent inflation is soaring

Residential  •  Globe and Mail (Sub. required)

In P.E.I., rent has soared 16.4 per cent over the past two years, says Statistics Canada’s Consumer Price Index. Rents are up 8.4 per cent in New Brunswick and 6.2 per cent in Nova Scotia, compared with a four per cent national increase.

Micro-condos are here to stay

Residential  •  Toronto Star

As the Toronto condo market has come roaring back recently and as new developments being planned for the downtown core continue to include units under 500 square feet, small spaces seem to be here to stay.