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Groupe Inspire digs deep to find value-add properties
Groupe Inspire digs deep to find value-add properties
Groupe Inspire founder and president Sébastien Gariépy spent 10 years as a real estate appraiser before deciding to focus his attention full-time on investing in and developing industrial, commercial and multiresidential properties in and around Montreal.
Equiton fund acquires Toronto's Ravine Park apts. for $50M
Private equity firm Equiton is ending 2022 the same way it started the year – by expanding its apartment portfolio with the acquisition of the Ravine Park Apartments in Toronto.
Van. says no public input required for Senakw agreement
The City of Vancouver’s statement of defence, against an application for a judicial review of the Senakw Services Agreement, states there was no legal duty to seek public feedback on the 120-year development deal with the Squamish Nation.
Brookfield to sell 3 properties to GIC for $500M: Report
Brookfield is looking to sell three of its commercial properties to GIC and to Brookfield India REIT, sources said. The deal, valued at $2 billion, would have Brookfield sell 50% to GIC for about $400-$500 million.
Terra Firma to undergo strategic review
Terra Firma Capital Corporation (TII-X), a real estate finance company, today announced its board of directors has initiated a review to evaluate potential strategic alternatives to maximize shareholder value and liquidity. No timetable has been set.
Summit receives court approval for GIC, Dream takeover
Summit Industrial Income REIT (SMU-UN-T) announced the Ontario Superior Court of Justice has approved the plan of arrangement to which a joint venture between GIC and Dream Industrial REIT (DIR-UN-T) will acquire all of Summit's assets and liabilities.
 | Firm Capital Corporation Why the new home supply in Ontario will likely worsenThere is a mismatch between home supply and demand and the population boom is contributing to the divide. Therefore, the supply of new homes (rental and owner occupied) in Ontario will likely worsen in the short term. Sponsored by: Firm Capital Corporation |
Brookfield to pave net-zero path for AWS
Toronto-based Brookfield Asset Management Inc. (BAM-A-T) has selected Amazon Web Services, Inc. (AWS) (AMZN-Q) as its preferred cloud provider, and in turn Brookfield will help provide Amazon with a path to reaching net-zero carbon emissions by 2040.
Quiznos to significantly grow presence in Canada
Quick-service sandwich chain Quiznos continues to expand its presence in the country with plans to significantly grow in the marketplace. The brand, which is based in Denver, has about 450 restaurants worldwide and just over 100 in Canada.
Plato’s Closet to open more Canadian stores
Plato’s Closet, a retail leader in the buying and selling of name brand, gently used apparel and accessories, has opened its 500th store in North America in Windsor, with plans to continue to expand in Canada and the U.S.
Real estate podcasts
Kevan Gorrie, Granite REIT: The industrial strategy, CRE Podcast
Don McDonald, Waverley: Raising equity to scale, CRE Library
Leah Zlatkin, lowestrates.ca: Mortgage defaults starting to hit the market, Down to Business
Distressed asset specialists foresee CRE bargains
Steve Madura, whose firm Hilco Real Estate specializes in distressed assets, expects an onslaught of CRE. The next couple of years, when roughly $500B in commercial mortgage loans will come due, will “dwarf the 2008 financial collapse,” Madura said.
Activist investor pushes Six Flags to monetize real estate
Land & Buildings Investment Management, which has roughly a three per cent stake in theme-park operator Six Flags Entertainment Corp., wants it to sell or monetize its real estate holdings, according to a presentation posted by the activist investor on Wednesday.
AMC abandons talks to acquire some Cineworld theatres
Cinema chain AMC Entertainment Holdings (AMC-N) is no longer in talks to acquire some theatres owned by now bankrupt Cineworld Group, following initial discussions with some lenders.
Couche-Tard buys membership interests of U.S. car wash
Alimentation Couche-Tard Inc. (ATD-T) has signed a deal to buy the membership interests of U.S. company True Blue Car Wash LLC, which has 65 car washes in Arizona, Texas, Illinois and Indiana. Financial terms were not immediately available.
Ban on foreign homebuying will carry $10K penalty
A two-year ban on homebuying by non-Canadians, taking effect on Jan. 1, will exempt temporary work-permit holders and international students, subject to some conditions. Violators face fines of up to $10,000.
GTA new home market slow in November: BILD
The GTA new home market saw a quiet month in November, the Building Industry and Land Development Association announced. New home sales of 1,330 units were down 74 per cent year-over-year and 65 per cent below the 10-year average.
Not building Ont. homes faster would worsen affordability
OPINION: After decades of frustrating inaction, the Ontario government has a plan to quickly build many more homes by setting targets for new construction and proposing far-reaching changes to the governance structure necessary to implement the plan.
Investor must pay $970K for backing out of B.C. deal
A real estate investor who abruptly backed out of a contract to buy a home overlooking the Strait of Georgia and refused to pay a $300,000 deposit is now on the hook for $970,000 plus legal costs.
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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