Grosvenor plans huge, vehicle-free Burnaby dev.

RENX  Residential, Commercial  •  Retail, Apartments, Condominiums  •  Metro Vancouver

Real estate owner and developer Grosvenor proposes a massive mixed-use, pedestrian-only development which it calls a one-of-a-kind project on 7.9 acres of land near the Brentwood Town Centre in Burnaby, B.C.

Equiton fund acquires two SW Ontario apt. buildings

RENX  Residential  •  Apartments  •  Ontario

The Equiton Apartment Fund has added two recently constructed apartment properties in the Guelph and Kitchener areas of Southwestern Ontario to its portfolio for $77.6 million.

Canadian Tire unveils $3.4B plan to drive growth

Commercial  •  Toronto Star  •  Canada Newswire  •  Retail Insider

Canadian Tire Corp. (CTC-A-T) has announced a $3.4-billion plan to “bolster omnichannel capabilities” and drive long-term growth. Canadian Tire is also adding 1.6 million square feet of incremental warehouse space across the country.

CF takes legal action against Pointe-Claire over freeze

Residential, Commercial  •  Montreal Gazette

Cadillac Fairview is taking legal action against the city of Pointe-Claire over a temporary building freeze that applies to the developer’s plan for a residential project in the parking lot at Fairview shopping centre.

Ontario proposes two new Toronto-area transit lines

Commercial  •  Globe and Mail

Queen’s Park is dangling the prospect a new transit line across the top of Toronto and another connecting downtown to Pearson international airport, as well as a list of highway widenings, as part of a multi-decade transportation plan unveiled Thursday.

40% of Canadians would quit rather than return to office

Commercial  •  Toronto Star  •  Canada Newswire  •  Financial Post

A recent Amazon Business survey of 1,595 Canadian office workers found flexibility is increasingly important, to the point that two in five said they would look for a more flexible job if mandated to come back in person full-time.

Sponsored by Propra Residential market trends to watch for 2022

Ongoing customer engagement shows us how more Canadian property managers and landlords are turning to technology to streamline their operations and adapt to a changing macroeconomic environment. The residential property management market continues to face constant shifts . . .

Belleville approves Black Bear Ridge resort plans

Residential  •  Global News

Belleville city council approved and endorsed the Black Bear Ridge resort application for a Minister’s Zoning Order. Plans for the 890-acre site include resort accommodations, destination spa and clubhouse and expansion of the existing golf course.

Devcore acquires Cornwall conference centre

Commercial  •  Ottawa Citizen

Gatineau-based Devcore Group has acquired the NAV CENTRE conference facility in Cornwall, Ont., from NAV CANADA. NAV CENTRE contains 560 guest rooms, 70 meeting rooms, a fitness centre with 25-metre pool and gymnasium, and several on-site restaurants. Financial terms were not disclosed.

Real Estate with Howard Drukarsh › Podcast: Selling Sunset’s Mary Fitzgerald with host Harold Drukarsh

Howard Drukarsh: Host, Real Estate with Howard Drukarsh

Latest Sustainable Biz Canada headlines

Residential, Commercial  • 

QuadReal heralded for sustainability at Fitwel awards
Carbon capture partnership thriving in Alberta
RecycleSmart earns award, plans smart sensor growth

REOC fourth-quarter/year-end financial results

Residential, Commercial  • 

Bridgemarq Real Estate Services, (BRE-T), Canada Newswire
Invesque Inc., (IVQ-U-T), Canada Newswire

Manhattan office vacancy has never been higher: CBRE

Commercial  •  Commercial Observer

Nearly one-in-five square feet of Manhattan office space was available for lease at the end of January, says CBRE. The number has never been higher. Is there any reason to believe that number is going to drop significantly?

Granite acquires three Germany properties for $163M

Commercial  •  Business Wire

On Feb, 3, Granite REIT (GRT-UN-T) acquired three modern distribution facilities in Wiesbaden, Korbach and Erfurt, Germany, together comprising 0.8 million square feet, for $163 million Cdn. The properties are 100% leased for a weighted average remaining lease term of 7.3 years.

NexPoint Hospitality acquires two U.S. hotels

Commercial  •  Canada Newswire

NexPoint Hospitality Trust (NHT.U-X) has acquired the 122-room Hyatt Place in Park City, Utah and the 119-room Hampton Inn & Suites Bradenton Downtown Historic District in Bradenton, Fla.

McCain Foods halts plans for Russia plant

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

Canadian French-fry giant McCain Foods says it is ending construction of its first Russian manufacturing plant and halting sales to the country because of the invasion of Ukraine. The facility began construction in 2021 and was expected to cost $212 million.

Edmonton eyes property taxes based on density

Residential  •  Edmonton Journal

Tax bills for single-family homes could rise alongside a larger dip for apartment buildings as the city looks at an unconventional way to address density in Edmonton. Council is also eyeing new tax categories for low-, medium- or high-density residences.

T.O. ramping up enforcement of short-term rental rules

Residential  •  Toronto Star

Toronto has ramped up the enforcement of its year-old short-term rental licensing rules with random and complaint-based inspections of some properties as registrations come up for renewal, says Municipal Licensing and Standards department executive director Carleton Grant.

Rising housing prices to hinder economic growth: RBC

Residential  •  Globe and Mail (Sub. required)

Canada faces a long-term threat that rapidly increasing housing prices in major cities such as Toronto, Vancouver and Montreal will hurt economic growth by restraining spending in categories including travel and goods, Royal Bank of Canada CEO Dave McKay says.

40% of Van.’s Generation Z expect 1st home to be co-owned

Residential  •  CTV  •  Globe Newswire

More than a third of Generation Z adults living in Vancouver expect they’ll co-own their first home with someone else like friends or family, according to the Generation Z Report, released by Sotheby’s International Real Estate and the Mustel Group.