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Almadev preps to build condo, office towers at Lansing Square
Almadev preps to build condos, offices at Lansing Square
Almadev is awaiting final approvals and plans to launch condominium unit sales late next month for its approximately 1.7-million-square-foot Lansing Square mixed-use development in the North York district of Toronto.
Edmonton most development-friendly city, GTA worst: CHBA
The Edmonton and Toronto areas are a tale of two cities, according to a new Canadian Home Builders' Association report. Edmonton’s municipal processes for new construction are the most streamlined in Canada; those in Toronto are the worst.
Parkit acquires 10 Wpg., Sask. industrial assets for $90.3M
Parkit Enterprise Inc. (PKT-X) has an agreement with two private entities to purchase a portfolio of 10 industrial properties in Winnipeg and Saskatchewan for an aggregate price of $90,250,000.
 | Real Estate by the Numbers Riding the real estate roller-coaster: The uncertainty of inflationVolodya GusakPresident, Denciti Development |
Real-estate investors Shiller Lavy selling five Mtl. buildings
Shiller Lavy Realties is selling five mixed-use buildings in Montreal's Mile End neighbourhood. One building at 221-231 St-Viateur St. W., acquired in 2015 for $2.7 million, is now listed at $4.9 million.
Postmedia sells Calgary Herald building for $17.25M
Newspaper publisher Postmedia (PNC-A-T) says it has sold the Calgary Herald building for $17.25 million to U-Haul Co. The company says it will put its Saskatoon building up for sale and plans to sublease a Regina property.
 | Trez Capital Equity strategies to consider in the current market environmentAs the Federal Reserve and Bank of Canada continue to combat inflation along with efforts to ensure a ‘soft landing’ to the predicted recession in 2023, the real estate investment market in North America is in flux Sponsored by: Trez Capital |
Calgary Co-op acquires Willow Park Wines & Spirits
Calgary Co-op has a deal to acquire Willow Park Wines and Spirits. The transaction, expected to close shortly, includes the retailer’s two Calgary locations, its Regina store and business-to-business sales and distribution centres in Calgary, Edmonton and Regina.
Tesla plans Canada’s largest service centre in Hamilton
Tesla could soon be opening its largest retail and service location in Canada. The automaker is working towards opening a 60,000-square-foot sales and service centre at the CF Lime Ridge Mall in Hamilton.
Altree proposes 33-storey mixed-use in Glen Park
Altree Developments has proposed to build a 33-storey mixed-use tower at 280 Viewmount Ave. in Toronto's Glen Park neighbourhood. The Graziani + Corazza Architects-designed tower would include 342 residential units and about 3,190 square feet of ground-floor retail space.
Ontario's integrity commissioner, AG plan Greenbelt probes
Ontario's integrity commissioner and auditor general both announced Wednesday they will conduct separate investigations into the government's decision to open protected Greenbelt lands up to housing development.
Severe weather in 2022 caused $3.1B in insured damage
From flooding to storms, insured damage caused by severe weather hit $3.1 billion in Canada in 2022, the third worst-year for insured losses in the country’s history, according to the Insurance Bureau of Canada.
Brookfield property fund for rich investors drops as rates rise
Brookfield Real Estate Income Trust, a Brookfield Asset Management property fund for affluent investors, posted its second consecutive monthly decline in December – 1.6 per cent – following a 1.9 per cent decline in November.
Microsoft, Amazon set to erase 28,000 jobs
Microsoft Corp. and Amazon.com Inc., two of the world’s biggest companies, began cutting a total of 28,000 jobs on Wednesday in a post-pandemic reckoning that has left almost no tech name unscathed.
European investors cut allocations to real estate: Survey
More than a third of European investors plan to cut their allocations to real estate in the next two years, trade body INREV said on Wednesday, as rising interest rates and falling valuations make the sector less attractive.
Davos 2023: Convert offices to homes
Empty offices should be converted to apartments to address a growing housing crisis in many countries, property executives told the World Economic Forum in Davos Wednesday. Ivanhoé Cambridge's Nathalie Palladitcheff expressed optimism more buildings could be converted sustainably.
Vancouver proposes zoning changes to cope with housing crisis
City planners in Vancouver are proposing significant zoning changes that would allow four to six homes on any residential lot as they continue to search for solutions to the housing crisis.
Average rent increased by 10.9% in 2022: Urbanation
Canadians faced an average annual rent increase of 10.9 per cent in 2022, with another five per cent increase forecast for 2023, according to year-end data from Urbanation and Rentals.ca.
Canadian home prices extend decline from May peak
Canadian home prices fell in December from the previous month, extending their decline from a May peak, while prices were no longer up on a year-over-year basis, according to Teranet–National Bank National Composite House Price data.
Housing market downturn has hit the home reno business
Renovator Lou Orazem used to limit the number of projects he would quote in a week from homeowners looking to expand or upgrade their living space. But in June, Orazem noticed a drop in the number of inquiries to Inspire Homes.
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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