KIN Capital, Israeli firm JV to invest in GTA multires. dev.

RENX  Residential  •  Apartments  •  Toronto / GTA, International

Toronto-based KIN Capital Partners, a global real estate investor, asset manager and advisory firm, has partnered with Israeli-based Mivtach Shamir Holdings to invest in major residential developments in the Greater Toronto Area.

Squamish 11-tower project signs service deal

Residential  •  Western Investor  •  Globe and Mail  •  CTV

Squamish Nation has signed a memorandum of understanding with the City of Vancouver for a service agreement, intended to provide utilities to the planned 11-tower, 6,000-unit, $3 billion Sen̓áḵw housing development on reserve land near Burrard Street Bridge.

Calgary recruits CBRE, NAIOP execs to explore new arena

Commercial  •  SportsNet  •  Calgary Herald  •  CTV

The City of Calgary has recruited CBRE executive vice-president John Fisher, NAIOP Calgary director of strategic initiatives Guy Huntingford and Ayrshire Group executive chairman Phil Swift to help get a new event centre for the Calgary Flames back on track.

The People Space › People Space: Rayburn joins KV Capital, new Nova CEO …

Don Wilcox: Managing Editor

Rimap’s Ottawa mixed-use tower to include Marriott

Residential, Commercial  •  Ottawa Business Journal

Montreal-based Rimap Hospitality’s mixed-use tower proposed at 395 Slater St. would feature its third Ottawa hotel affiliated with the Marriott chain. The hotel would be part of a 35-storey high-rise that would also feature 270 rental apartment units, a restaurant and bar.

Sponsored by Property Vista Why lead managing is crucial for property management

Want to better capture, convert, and analyze your leasing prospects? Read on to learn how smarter lead management can help you attract new clients, use your budget more strategically and scale your property management business.

Nicola, PC Urban plan Coquitlam strata industrial

Commercial  •  urbanYVR  •  RENX  •  RENX

PC Urban Properties Corp. and Nicola Wealth Real Estate have acquired a 3.4-acre property at 2660 Barnet Highway in Coquitlam. PC Urban and Nicola Wealth plan to develop two buildings on the property, containing small-bay, strata industrial product, totalling 100,000 square feet.

Van. firm acquires Quebec chemical plant for $10.25M

Commercial  •  La Presse  •  Sustainable Biz Canada

Vancouver-based Nano One Materials Corp. (NANO-T) is acquiring British chemical giant Johnson Matthey‘s suburban Montreal plant for $10.25 million. The plant produces materials for cathodes – the main component of an electric vehicle battery – for LFP (lithium-iron-phosphate) batteries.

Ind. land shortage sparks scramble for Van. alternatives

Commercial  •  Business In Vancouver

Metro Vancouver’s rapidly diminishing base of industrial land is forcing industry to consider new ways to serve demand that shows no signs of slowing down, says Jason Kiselbach, senior vice-president and regional managing director in Vancouver with CBRE Inc.

Ont. offers $53.5M for Laurentian land, buildings

Commercial  •  CBC

Laurentian University is receiving more financial help from the Ontario government. In its latest motion as part of insolvency proceedings, the university says the Ministry of Colleges and Universities has offered to purchase $53.5 million worth of Laurentian-owned land or buildings.

Latest Sustainable Biz Canada headlines

Residential, Commercial  • 

Kontrol Technologies announces record Q1 revenues
CubicFarms’ farming modules cut energy use over 50%
Dans la rue introduces Montreal’s first RNG van

REIT business updates/financial results

Residential, Commercial  • 

Canadian Net REIT, (NET-UN-X), Globe Newswire
Dream Residential REIT, (DRR-U-T), Business Wire

Investors are flocking to Canadian CRE: RE/MAX

Residential, Commercial  •  Financial Post  •  Canada Newswire

RE/MAX Canada says demand for industrial, multi-unit residential and farmland was unprecedented in the first quarter of 2022. Values hit record levels and even retail and office space, devastated by the pandemic, are beginning to show signs of growth.

Kelowna CRE market thriving: Christie’s

Commercial  •  Vernon Morning Star  •  RENX

A thriving CRE market in Kelowna shows no signs of abating. Terse Cairns, with Faith Wilson – Christie’s International Real Estate, describes the Kelowna marketplace as “very buoyant and extremely competitive,” with investors being drawn from across Canada and Europe.

Final phase of Aqua Waterfront Village unveiled

Residential  •  Globe Newswire

Kelowna-based developer Mission Group has launched the final phase of Aqua Waterfront Village on Kelowna’s Okanagan Lake. The development will bring 261 lakefront homes to market, varying in size and type, including one-, two- and three-bedroom homes, lakehouses and penthouses.

China seeking to revive $2.4T residential market

Residential  •  Bloomberg  •  CNBC

China is stepping up efforts to salvage the residential property market as consumer and business confidence has been battered by lockdowns. The downturn in the property sector has seen more than a dozen developer defaults and falling home prices.

KingSett proposes 27-storey res. in East York

Residential  •  Urban Toronto  •  RENX

KingSett Capital has proposed a 27-storey tower inclusive of a six-storey podium at 26 Cosburn Ave. in Toronto’s East York. The BDP Quadrangle-designed building would contain 272 residential units, consisting of a mix of 54 studios, 106 one-bedrooms, 84 two-bedrooms and 28 three-bedroom units.

Kasian plans 11-storey Calgary residential building

Residential  •  Calgary Herald

Designed by Kasian Architecture, a proposed 11-storey building in Calgary’s Beltline district is being dubbed a multi-generational facility having just two dwellings per residential floor, with each of the 18 units boasting five self-contained bedrooms with ensuites.

How Ont. market has changed under Ford gov’t

Residential  •  Globe and Mail

When it comes to housing in Ontario, the classic political question of whether you’re better off than four years ago depends mostly on whether you own. People who had property when the Progressive Conservatives were elected have done very well.

Rising inflation primary concern for homebuyers: Survey

Residential  •  Canada Newswire

In a survey released by Zolo, 50% of Canadians said interest rates are not impacting their decision to buy a house. Instead, 57% of respondents agreed that inflation would affect their ability to buy a home.