MZO sought for 130-acre Collingwood mixed-use development

RENX  Residential  •  Office, Homes, Infrastructure, Land  •  Ontario

Town council in Collingwood, Ont., has endorsed a request for a Minister’s Zoning Order (MZO) to help advance the rezoning process for the 130-acre Poplar Regional Health & Wellness Village mixed-use development.

Hydro-Québec abandons $200M hydrogen plant

Commercial  •  La Presse

Hydro-Québec will not build what it had announced as the largest green hydrogen plant in the world, in Varennes. The $200 million building was to be used to supply hydrogen to the biofuel plant built by Enerkem and nearby partners.

F.N. to pay $48.4M for servicing of Senakw towers

Residential, Commercial  •  Western Investor  •  RENX

Vancouver city hall’s landmark agreement to enable construction and provide utilities to the Squamish Nation’s 11-tower condo development around the Burrard Bridge lists $48.43 million in servicing costs, including $15 million to build a transit hub on the Burrard Bridge.

Ind. sector continued to outperform in Q2: Morguard

Commercial  •  Canada Newswire

Canada’s industrial investment property sector continued to outperform in Q2, according to Morguard’s (MRC-T) 2022 Canadian Economic Outlook and Market Fundamentals Second Quarter Update. Overall, second-quarter investment property sales declined from last year’s rates.

Delmar plans 45-storey Toronto residential tower

Residential  •  Urban Toronto

Delmar Group proposes a 45-storey residential tower 479 feet in height rising from a five-storey podium at 18 Athabaska Ave. in North York. The ZO1 architects-designed tower would contain 544 new dwelling units, four levels of underground parking and 413 bicycle spaces.

MHBC Planning proposes nine-storey mixed-use

Residential, Commercial  •  Urban Toronto

MHBC Planning has proposed a stepped nine-storey mixed-use building at 2491 Lake Shore Blvd. W. in South Etobicoke. The BDP Quadrangle-designed building would consist of 139 residential units – 80 one-bedrooms; 36 two-bedrooms; and 23 three-bedrooms – plus two retail spaces totalling 4,521 square feet.

Sponsored by MNP Commercial real estate and coping with high costs

Inflation, interest rate hikes, labour shortages, and a possible real estate downturn on the horizon — 2022 has not been an easy time for Canadian real estate.

Prairies to lead economic growth: Conference Board

Residential, Commercial  •  Toronto Star

The Conference Board of Canada says the Prairie provinces will likely be the top economic performers this year, even as the Bank of Canada’s inflation-fighting measures quell the country’s overall economic output.

Liberty to open restaurant at T.O.’s Union Station

Commercial  •  Retail Insider

Union Station in downtown Toronto continues to expand the roster of offerings as it transforms into a community destination for food and entertainment. The latest tenant to be announced is a Liberty Entertainment Group restaurant concept called Blue Bovine.

The Industrial Real Estate Show › Podcast: Warehouse moratoriums (and what the industry can do about it)

Chad Griffiths: Partner, NAI Commercial

True North yields 9.44% dividend

Residential, Commercial  •  Motley Fool  •  Motley Fool

True North Commercial REIT (TNT-UN-T) is a dividend titan for its mouth-watering 9.44% dividend. A $10,000 investment will produce $1,888 ($157.33 per month) in passive income. The best part is that you can be a mock landlord for 46 commercial properties for only $6.29 per share.

REIT/REOC second-quarter financial results

Residential, Commercial  • 

Canadian Net REIT, (NET-UN-X), Globe Newswire
Kadestone Capital Corp., (KDSX-X), Canada Newswire
Nova Net Lease REIT, (NNL-U-CN), Canada Newswire

Unibail-Rodamco-Westfield sells Calif. mall for $537.5M

Commercial  •  Commercial Property Executive

Unibail-Rodamco-Westfield has closed the sale of Westfield Santa Anita, a super-regional mall totalling 1.5 million square feet in Arcadia, Calif. The $537.5 million disposition represents the largest sale price paid for a mall within the U.S. over the last four years.

Frazier leaves Oxford to lead Columbia Property Trust

Commercial  •  The Real Deal

Adam Frazier will become president and CEO of Columbia Property Trust effective Sept. 19, succeeding Nelson Mills, who has served as CEO since 2012. Frazier is moving from Oxford Properties Group, where he served as a vice-president and head of New York.

7,000 construction workers needed for Intel chip plants

Commercial  •  Daily Commercial News

Ohio’s largest-ever economic development project – a $20 billion semiconductor manufacturing operation – comes with a big employment challenge: how to find 7,000 construction workers in an already booming building environment when there’s also a national shortage of people working in the trades.

Tax code change led to today’s U.S. office glut

Commercial  •  The Real Deal  •  Commercial Observer  •  Globest.com

The pandemic has shone a harsh spotlight on office vacancies. The glut of space long predates Covid, though. In fact, analysts and investors trace its origins all the way back to a Ronald Reagan-era tax change.

Group wants changes to Van. Jericho Lands project

Residential  •  Globe and Mail (Sub. required)

ANALYSIS: A citizens’ group wants the City of Vancouver and First Nations-owned MST Development Corp. to come up with a new plan for Vancouver’s Jericho Lands that imagines a 35-hectare community of mass timber mid-rises rather than concrete luxury-view condos.

dcbel wants V2G technology in homes around the world

Residential  •  Sustainable Biz Canada

dcbel Inc. is banking on the growing need for vehicle-to-grid (V2G) technology with its r16 platform for residential homes — which can transfer energy from an electric vehicle (EV) to the house and back.

Gov’ts need hard deadlines for housing approvals: Expert

Residential  •  Daily Commercial News  •  Globe and Mail (Sub. required)

Aristotle Foundation for Public Policy executive director Mark Milke, a leading policy expert, says the best way to reduce housing costs is for government to get out of the way by speeding up the approval process through hard and fast deadlines.

U.S. new-home sales at slowest pace since early 2016

Residential  •  Bloomberg  •  Globe and Mail (Sub. required)

Sales of new U.S. homes fell in July for the sixth time this year to the slowest pace since early 2016, extending a months-long deterioration in the housing market fuelled by high borrowing costs and a pullback in demand.