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Toronto apt. sector beckons for Core Development
Toronto apt. sector beckons for Core Development
Core Development Group has largely focused on delivering Toronto high-rise condominiums to this point, but one of its next projects will be as part of a partnership for a purpose-built rental apartment development.
Landmark, ENCOR offering building tenant services
Landmark Advisory Services and ENCOR Advisors have entered a strategic partnership which the firms expect to expand to include other similar companies.
Colliers CEO remains bullish on the office
• Toronto Star • RENX
While office vacancy rates haven’t recovered from the nadir of 2020, Colliers International Canada president/CEO Brian Rosen says they are trending upward, and remains optimistic about Colliers’ chances in a post-COVID world.
B.C. industrial demand migrating to Alberta
The grass isn’t always greener on the other side, but for British Columbia businesses seeking industrial real estate, there are strong signs that Alberta just might be a better place to set up shop.
OPINION: Is Mississauga the city of the future?
• Globe and Mail (Sub. required)
With Connecting Cooksville, a mixed-use development in Mississauga, there are two questions. One: How do we house millions of people flowing into the Greater Toronto and Hamilton Area? Two: How do we design a new place that feels like a city?
Bosa acquires W. Broadway hotel project, new design
• urbanYVR • Daily Hive
Bosa Properties has acquired the Park Inn hotel site at 888 West Broadway, and unveiled a new design by Henriquez Partners Architects and a new DP has been submitted.
PCI proposes 15-storey mixed-use in Oakridge
PCI Developments has proposed a 15-storey mixed-use building on 495 West 41st Ave., across from Oakridge Centre in Vancouver. The building would comprise approximately 6,500 square feet of retail space, 22,000 square feet of office space and 99 residential units – 55 one-bedrooms and 44 two-bedrooms.
New Indigo CEO’s plan starts with $450 pizza ovens
• Globe and Mail (Sub. required)
For years, Indigo Books & Music has been branching out beyond books. Peter Ruis, who took over as CEO this month, is now planning for what he calls a “big product revolution” as he seeks to position Indigo for the future.
Montreal seeks public input on master-plan
The administration of Mayor Valérie Plante mandated the Office de consultation publique de Montréal to hold public hearings on its vision for the coming urban and mobility master-plan that will guide development and the ecological transition over the next 30 years.
Vaudreuil-Dorion set to build $67M municipal hub
The city of Vaudreuil-Dorion recently awarded a $67 million contract for the construction of a new municipal hub. Work is expected to begin this fall and be completed by the end of 2024, according to the city.
EnerSavings debuts EV charging system for high-rises
EnerSavings, a Toronto-based sustainable energy company, says its subscription service can propel the electric vehicle transition for condominium and apartment owners by offering flexibility and affordability for greener drivers.
Chairman invests over $3M in Minto Apartment
• Globe and Mail (Sub. required) • RENX
On Sept. 26 and 27, chair of the board Roger Greenberg invested over $3.5 million in Minto Apartment REIT (MI-UN-T). He acquired a total of 278,033 units at an average price per unit of roughly $12.92, increasing this particular account’s position to 460,519 units.
Teachers’ plans to double Singapore office in Asia push
The Ontario Teachers’ Pension Plan is looking to potentially double staff – for about 45 to 50, from about 25 now – in its Singapore office as the $243 billion Canadian fund steps up its expansion in Asia.
U.K. real estate in tough: Oxford Properties executive
• Bisnow
From where Joanne McNamara sits on the leadership team of Oxford Properties, she sees the blood just starting to hit the streets in the U.K. real estate market. She says no sector can escape the current market sentiment.
Hurricane Ian batters U.S. real estate, supply chain
Besides billions in property damage and an uncertain death toll, Hurricane Ian has also dealt at least a temporary blow to the U.S. supply chain, with major ports in Florida and the Southeast damaged or shut down as a precaution.
Ares acquires $392M stake in Hong Kong office project
U.S. private equity firm Ares Management (ARES-N) has made its first direct investment in Hong Kong real estate, picking up a 51 per cent stake in a Kowloon office project from New World Development for approximately $392 million US.
Canada needs to ramp up housing: CIBC economist
“The immigrants coming into this country . . . don’t carry their housing on their backs,” CIBC chief economist Avery Shenfeld wrote. “To continue to attract these inflows . . . we can’t afford much of a lull in housing construction.”
In Vancouver, the rental crisis worsens
• Globe and Mail (Sub. required)
ANALYSIS: The rule of thumb is that people shouldn’t spend more than 30 per cent of their income on shelter costs. However, 39.4 per cent of Vancouver renters are spending more than that amount, says Andy Yan, director of the City Program.
29% of young Canadians delaying homebuying: Survey
• STOREYS
The sky-high cost of living has young Canadians reconsidering their homebuying plans, according to a survey conducted by Royal LePage and Leger. It found 29% of Canadians aged 18-34 have delayed their homebuying plans since the start of the year.
Calgary startup aims to become ‘Shopify for real estate’
• betakit • Business Wire
After spending nearly 20 years in real estate as a marketer and educator, Ownly co-founder/CEO Jason Hardy has set out to change the way new homes are bought and sold. Hardy’s startup, Calgary-based Ownly, has raised $2.55 million in seed funding.
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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