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RioCan leases large ex-Canadian Tire site to Altea Active
RioCan leases large ex-Cdn. Tire Ottawa site to Altea Active
A new-concept active lifestyle company which has been expanding across Canada, Altea Active, has leased a 129,000-square-foot former Canadian Tire store in Ottawa from RioCan REIT for what will become its largest location.
Romspen B.C. golf course redevelopment inches forward
Romspen Investment Corp.'s 445-unit The Pines at Ponderosa housing development with a nine-hole golf course in Peachland, B.C., received first reading approval from district council. The proposal will go to a public information session on May 6.
Bouwinvest enters Canada, invests in major Toronto redev.
Bouwinvest Real Estate Investors B.V. has entered the Canadian market through a programmatic partnership with Woodbourne that is taking a 25 per cent stake in First Capital REIT’s upcoming purpose-built rental development at Yonge and Roselawn in Toronto.
Construction activity at record high in Toronto
Crane activity is at a record high across 14 major cities in North America and Toronto is leading the pack, according to newly released data from the biannual Rider Levett Bucknall (RLB) Crane Index.
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Bertone launching 110-unit Danaus condo project
Bertone Development Corporation announced the official launch of its newest residential project, Danaus, will take place on April 22. Danaus is in the heart of the transit-oriented development district in the Montreal suburb of Candiac.
Fraud involving B.C. hotel leads to $1.6M in fines
The B.C. Securities Commission has imposed fines totalling $1.6 million on a company and its director for defrauding a citizen who believed she was investing $1M to become a part-owner in the now-closed Sooke Harbour House hotel/restaurant.
AutoCanada acquires Windsor auto dealership
AutoCanada Inc., (ACQ-T) has acquired Premier Chevrolet Cadillac Buick GMC, a five-acre Chevrolet Cadillac GMC Buick dealership and collision centre that generates in excess of $70 million annually.
Starbucks Canada in expansion mode
Despite closing a number of Canadian stores in recent years, coffee giant Starbucks is back in growth mode opening new locations, new concepts and its first-ever collaboration with a First Nation.
Certain Affinity announces grand opening of T.O. facility
Certain Affinity, one of the largest independent video game developers in North America, today announced the official grand opening of its new facility in Toronto. Located in the heart of downtown, the space features more than 12,000 square feet.
Metro profit jumps 10.4%
Grocery retailer Metro Inc.’s profit grew by 10.4 per cent in the second quarter, as inflation continued to push food sales higher. In January, Metro (MRU-T) CEO Eric La Flèche signalled that more price hikes would hit its shelves.
Zara owner buys London office building for $137M
Amancio Ortega, the billionaire founder of the Zara fashion brand, acquired an office building in central London for $137 million Cdn to add to his portfolio of prime real estate.
Blackstone's Q1 earnings plunge on real estate slowdown
Blackstone Inc (BX-N), the biggest manager of assets such as private equity and real estate, said on Thursday its first-quarter distributable earnings fell 36% year-on-year, as a weak property market stopped it from cashing out on some holdings.
IKEA expanding in U.S. to take on competitors
IKEA stores owner Ingka Group will spend $2.2 billion US expanding in the U.S. over the next three years, its biggest investment in a single country, in a bet to win American customers as other big-box retailers close stores.
Banking crisis scars U.S. real estate stocks
U.S. real estate stocks are struggling this year after a rough 2022, as fears that banks will tighten lending standards pile pressure on a sector already hit by higher interest rates.
Metro Vancouver rental starts surged in 2022: CMHC
Purpose-built rental starts surged 49 per cent in Metro Vancouver last year as developers took a wary eye to the condominium market, according to a Wednesday report from the Canadian Mortgage and Housing Corp.
Ottawa housing starts hit all-time high in 2022: CMHC
Housing starts in Ottawa hit a new high in 2022 as surging demand for rental apartments and condos fuelled a construction boom in multi-residential properties, the Canada Mortgage and Housing Corp. says.
Developers offer incentives to lure GTA homebuyers
Cash gifts, a free phone, a new car are incentives for new GTA condos and pre-construction homes, meant to entice buyers in a shaky market. “They’ve intensified since the start of the (housing market) fall,” said Zonda Urban's Pauline Lierman.
Van. prices dropping, but affordability not improving
The price of the average home in Vancouver has fallen over $100,000 during the past year, but thanks to soaring interest rates, the amount of money needed to afford such a home has risen, according to Ratehub.ca.
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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