Ahmed Group plans 2-tower Mississauga dev.

RENX  Residential, Commercial  •  Office, Retail, Apartments  •  Toronto / GTA

Ahmed Group of Companies, a family-owned real estate investment firm, has launched its latest proposal for a purpose-built rental development in Mississauga, as the company continues to expand its reach in the multiresidential market.

Scouts Canada proposes three Ottawa towers

Residential, Commercial  •  Ottawa Citizen

Scouts Canada wants to redevelop its national headquarters with 26-, 28- and 30-storey towers. Two of the towers would contain residential units and the third would be mixed-use.  There would be a total of 952 residential units and 748 parking spaces.

Capital proposes 75-storey mixed-use

Residential, Commercial  •  Urban Toronto

Capital Developments is proposing a 75-storey condominium and retail tower at 399-405 Yonge St. The tower, designed by Teeple Architects, would contain 828 units, along with retail and service commercial space at-grade.

The Apartment Building Expert › Key takeaways for office conversions to apartments

Derek Lobo: Founder and CEO , SVN Rock Advisors Inc.

National Bank analysts size up RE stocks

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

After a rapid rise in bond yields, National Bank Financial analysts Matt Kornack and Tal Woolley reset their return expectations across the real estate investment landscape, leading to “sizable” downward revisions to target prices for equities in their coverage universe.

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Canada’s largest urban reserve a done deal

Residential, Commercial  •  Winnipeg Free Press

In a ceremony marked by Indigenous traditions, representatives from Manitoba’s seven Treaty 1 nations have signed a deal to create Canada’s largest urban reserve in Southwest Winnipeg. Naawi-Oodena involves the redevelopment of the 109-acre site of the former Kapyong military barracks.

T.O. quickly OKs Etobicoke-York, North York proposals

Residential, Commercial  •  Urban Toronto  •  Urban Toronto

In this article, we will go over the fate of applications from the Etobicoke-York section of the City of Toronto that were dealt with quickly, with no debate, following their recommendation for approval at a recent Community Council meeting.

Foot traffic in downtown T.O. hits pandemic high: AY

Commercial  •  Globe and Mail (Sub. required)

Foot traffic in downtown Toronto reached a pandemic high in mid-June, as major employers began mandating a return to the office, data from Avison Young data showed. The number of people frequenting office buildings has remained roughly the same since.

PCL riding huge burst of solar development activity

Residential, Commercial  •  Sustainable Biz Canada

PCL Construction has seen a 60 per cent increase in solar construction revenue year-over-year, reaching over a half a billion dollars in 2021. By the end of the 2022, it expects to hit just under $800 million in solar revenue.

Supply chain issues continue to plague B.C.

Residential, Commercial  •  Daily Commercial News  •  Daily Commercial News  •  Business In Vancouver

Chris Atchison, president of the B.C. Construction Association, said supply chain disruption and escalating costs of goods are worse than he’s ever seen and there doesn’t appear to be any relief on the horizon

Specsavers plans to open 200 Canadian stores

Commercial  •  Retail Insider

U.K.-based optical retail chain Specsavers has a $100-million investment strategy for Canada to open 200 locations across the country. Half of that investment and locations will be in Ontario where a $50-million investment will create about 1,500 jobs.

Brookfield could net $2.3B profit on Centre Parcs sale

Commercial  •  Bisnow

Center Parcs, a U.K. holiday villages giant, has confirmed it is undertaking a strategic review that could lead to a sale of the business and a $2.3 billion Cdn profit for owner Brookfield.

Blackstone draws $24.1B commitments for latest fund

Commercial  •  Saltwire

Buyout giant Blackstone Inc., has secured commitments worth $24.1 billion US for its latest real estate fund, according to a regulatory filing on Wednesday. Blackstone Real Estate Partners X could go up to $30.3 billion when it is finalized.

WeWork, Yardi launch flex office platform

Commercial  •  Commercial Property Executive  •  Bisnow  •  Stockhouse

As office tenants recalibrate their strategies, the role of flex space is gaining a rising profile. WeWork and Yardi have teamed up on WeWork Workplace, a new platform that targets the rapidly changing needs of office users.

Property suppliers boycotting Chinese loans

Residential  •  Yahoo Finance  •  Saltwire  •  Reuters

Some suppliers to Chinese real estate developers are refusing to repay bank loans because of unpaid bills owed to them, a sign that the loan boycott that started with homebuyers is starting to spread.

Unreserved files $25M lawsuit against OREB, OREA

Residential  •  Ottawa Citizen

Ottawa real estate auctioneer Unreserved has launched a $25-million lawsuit against the Ottawa Real Estate Board and Ontario Real Estate Association, claiming they defamed the company with “injurious falsehoods.” Unreserved bills itself as a disruptive force in the industry.

Toronto condo sellers turn to rental market

Residential  •  Globe and Mail (Sub. required)

Struggling sellers in Toronto’s condo market are bringing a wave of units for rent to the downtown core. “We’ve started to shift a lot of sellers into the rental market,” says Christopher Bibby, broker with Re/Max Hallmark Bibby Group Realty.

Many Canadians willing to relocate to buy home

Residential  •  Global News  •  Canada Newswire  •  Daily Hive

A majority of Canadians are willing to make at least one sacrifice in their lives in order to afford a home, Remax Canada’s 2022 Housing Affordability Report suggests, with most saying they would relocate to a more affordable area.

B.C. expands vacant home tax

Residential  •  CTV  •  Global News  •  Vancouver Sun

Owners of vacant properties are about to pay more in Squamish, Lions Bay, North Cowichan, Duncan, Ladysmith and Lake Cowichan, B.C. The spec tax is similar but separate from Vancouver’s municipal empty homes tax.