Young, ambitious LCH Developments corners T.O.’s Kingston Rd.

RENX  Residential  •  Condominiums, Land  •  Toronto / GTA

LCH Developments has several multiresidential buildings planned near Toronto’s Kingston Road and recently opened a co-working space in the area for local residents.

AIP Realty Trust cancels unit offering, ind. acquisition

RENX  Commercial  •  Industrial, Investment  •  Toronto / GTA, International

AIP Realty Trust (AIP-U-X) is cancelling an offering to raise up to US$25 million in equity and will not exercise a previously announced intention to buy a new light industrial facility in Texas, the trust says.

Osmington proposes 63-storey mixed-use

Residential  •  Urban Toronto

Osmington Gerofsky Development Corporation proposes a 63-storey, 686-foot tower that would rise atop a six-storey Brutalist building 350 Bloor St. E. The Hariri Pontarini Architects-designed tower would include a ground-floor restaurant and retail area.

Forum, Slate propose 59-storey mixed-use

Residential  •  Urban Toronto  •  RENX  •  RENX

Forum and Slate Asset Management have proposed a 59-storey, 709-foot tower with approximately 480 residential units at 100 Lombard Street, The Architects OMA-designed tower would include 6,534 square feet of retail space at ground level and 46,511 square feet of office space.

CDPQ takes -7.9% hit on returns; real estate up 10.2%

Commercial  •  Financial Post  •  Globe and Mail (Sub. required)  •  Canada Newswire

The first six months of the year were tinged with red for the Caisse de dépôt et placement du Québec (CDPQ), which delivered a return of -7.9%. However, its real estate portfolio recorded a 10.2% return in the same period.

Caisse eyeing further transportation projects

Commercial  •  Montreal Gazette

Quebec’s public pension manager Caisse de dépôt et placement du Québec is interested in bidding on other transportation projects here and elsewhere once Montreal’s Réseau express métropolitain is up and running, chief executive officer Charles Emond said Wednesday.

Sponsored by Strathmore Summer is snow removal time!

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Moncton council votes for proposed projects

Residential, Commercial  •  CBC

Moncton councillors voted to allow two proposed subdivisions to move ahead. ELCE Developments proposed a mixed-use development with 956 residential units, a private school, daycare and a market. Landowner Harry Wynberg Jr. calls for an unspecified number of houses on 39 acres.

Keyera, CN to evaluate Alberta terminal project

Commercial  •  Toronto Star  •  Canada Newswire

Keyera Corp. and Canadian National Railway Co. have signed a deal to evaluate building a rail terminal in Alberta to ship energy products. It envisions a facility capable of handling six inbound and outbound high-capacity trains daily, once complete.

McDonald’s Canada serves up sustainability strategy

Commercial  •  Sustainable Biz Canada

Fast food titan McDonald’s Canada (MCD-N) has unveiled a sustainability blueprint focused on reducing its waste and reaching net-zero greenhouse gas (GHG) emissions by 2050.

Pizza Pizza CEO: From pipelines to pies

Commercial  •  Toronto Star

Many pizza restaurateurs begin their long careers at the business end of a sweltering hot oven, or in a delivery car backlit by street lamps at 2 a.m. Paul Goddard’s route to the top of Pizza Pizza started a little differently.

‘Hotel shrinkflation’: High prices, pared-down service

Commercial  •  Globe and Mail (Sub. required)

Canadians swarming to vacation spots this summer are finding that while their hotel rooms are much pricier than before, services such as daily housekeeping and a change of towels can be hard to come by.

Related seeks buyer for Hudson Yards Equinox Hotel

Commercial  •  Bisnow

Billionaire Stephen Ross’ Related Cos. is seeking a buyer for the Equinox Hotel at Hudson Yards in New York, according to sources. The property, which includes the hotel, office and retail space and could fetch more than $200 million.

Return-to-office showdown with workers looms

Commercial  •  Financial Post

Companies such as Apple and Peloton Interactive have told corporate and office-based workers in the U.S. to come back next month, and whether they do will say a lot about the ever-shifting balance of power between bosses and their underlings.

Real estate at critical point to embrace workplaces: JLL

Commercial  •  PR Newswire

“The next three years will prove to be an inflection point for real estate as businesses plot their future path and rethink the purpose of their portfolio,” says Dr. Marie Puybaraud, Global Head of Research, JLL Work Dynamics.

China regulator probes banks’ property loan exposure

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

China’s banking regulator is scrutinizing property sector loan portfolios of some local and foreign lenders to assess systemic risks, sources with knowledge of the matter said, as the real estate sector’s debt crisis worsens.

Detached homebuyers emerge as prices drop: RE/MAX

Residential  •  Bloomberg  •  Canada Newswire

While many Canadian homebuyers remain on the sidelines, some regions across the country are seeing detached property buyers lured back to the market amid a substantial decline in prices, according to a new report released Thursday from RE/MAX Canada.

Students face surging rental market

Residential  •  Financial Post

Canada’s rental housing market is seeing the usual influx of first-year students but also a wave of people itching for places of their own after living with their parents when the pandemic struck and classes were remote.

Value, volume drop in Vancouver multires

Residential  •  Business In Vancouver

According to the Goodman Report, 84 Vancouver multiresidential transactions totalling $1.26 billion took place in the first half of the year, a 23 per cent drop in value and 11 per cent drop in transactions from 2021.

Vancouver offers to extend leases to residents of 13 buildings

Residential  •  Globe and Mail (Sub. required)

After years of uncertainty, the owners of 13 strata leasehold buildings in Vancouver’s False Creek South neighbourhood have been offered extensions on their leases with the city. The local government is offering an additional 20 years on top of the existing leases.