LocationsRecent Articles
Firm Capital Apartment REIT initiates strategic review of its assets
Firm Capital Apt. REIT initiates strategic review of its assets
Management of Firm Capital Apartment REIT (FCA-U-V) has initiated a strategic review to explore alternatives as the trust deals with a discounted unit price and an inability to raise capital to fund its growth plans.
Ont. greenbelt developers on the verge of striking it rich
In September, Rice Group. a company run by prominent Ontario developer Michael Rice, paid $80 million for two parcels of land that could not be developed. Totalling nearly 700 acres, they sit entirely within Ontario’s protected Greenbelt.
Supply-chain problems may resurface: Experts
Supply-chain logjams may have eased this year, but manufacturers aren’t out of the woods yet. Weakening demand is the biggest factor driving recent improvements, said a panel discussion hosted by the Fédération des Chambres de Commerce du Québec in Trois-Rivières.
Selection Group finances disorganized: Creditors
Disorganization is widespread in the finances of restructuring senior housing provider Groupe Sélection, according to a representative of its creditors.
Mercato Fresh opens new Windsor grocery store
The opening of the Mercato Fresh grocery store in east Windsor Thursday is just the first step in the launching of a series of other food-related enterprises from logistics/warehousing to an e-commerce division.
Browns Shoes opens flagship store at Yorkdale mall
Originally founded in 1940 by Benjamin Brownstein as a single store on Ste-Catherine Street in Montreal, Browns Shoes continues to expand its footprint across the country. The latest addition is a new flagship location at Toronto's Yorkdale Shopping Centre.
 | Colonnade BridgePort Bringing vibrancy to Canada’s downtownsThe COVID-19 pandemic has provided an opportunity to hit the reset button on Canada’s downtown cores to create vibrant, resilient, and sustainable communities where people want to work, live, play and visit for generations to come. Sponsored by: Colonnade BridgePort |
Metro ‘negotiating hard’ with suppliers: CEO
CEO Eric La Flèche warned shareholders Wednesday Metro is continuing to receive “many” cost increases from suppliers due to take effect early next year. Flèche said the company is “negotiating hard” with vendors to avoid that outcome.
25-55 St. Clair federal bldg. retrofit makes waves
25-55 St. Clair Ave. E in Toronto – owned by Public Services and Procurement Canada – will serve as a model for deep energy retrofits once construction is complete, reducing the building’s greenhouse gas emissions by 82 per cent.
ICC Group proposes 41-storey mixed-use in downtown T.O.
ICC Group has proposed a 41-storey mixed-use tower at 191 Dundas St. W. in downtown Toronto. The Scott Shields Architects-designed tower would include 135 residential units - including 25 three-bedrooms - and 152,535 square feet of office and retail space.
 | The Industrial Real Estate Show Lawyer turned CRE professional Jeff RoodChad GriffithsPartner, NAI Commercial |
Oxford, Novaxia’s French life science JV buys first asset
Oxford Properties Group and premier French urban developer Novaxia have completed the acquisition of the Biocitech life sciences campus in Paris. The deal marks the first acquisition of the partnership to invest approximately $1.38 billion in French life sciences buildings.
JLL cuts staff as part of ‘global transformation’
Commercial brokerage giant JLL instituted a round of layoffs in New York City and Chicago on Tuesday. JLL had already spent $9.3 million in severance costs in the third quarter, it disclosed in its earnings report.
Family offices eye more big gains on private equity bets
Nearly half of North American family offices say they intend to increase holdings in private equity, according to a report from RBC and Campden Wealth. The 179 firms surveyed collectively have an estimated $182 billion of assets under management.
U.S. residential rent growth slows
The median asking rent for U.S. apartments rose 7.8% year-over-year in October to $1,983, the smallest annual increase since August 2021, Redfin reports. Rents declined 0.9% nationwide month-over-month.
ApartmentLove commences trading on OTCQB Venture Market
Calgary-based ApartmentLove Inc. (APLV-CN) has been approved to commence trading of its common shares on the OTCQB Venture Market as of Nov. 16, 2022, under the ticker symbol APMLF.
No relief in sight for soaring rental prices: Urbanation
The average rent in October across Canada was $1,976, across all types of properties, from bachelor apartments to three-bedrooms, Urbanation says. That's an increase of 11.9 per cent year-over-year, well ahead of Canada's inflation rate of 6.9 per cent.
Renovation boom continues even as costs, interest rates rise
Dave Kenney, who runs BroLaws Construction with his brother-in-law, said a kitchen renovation might cost between $15,000 and $20,000 more than it did just a couple of years ago.
Majority in favour of taxing homes over $1M: Survey
A Generation Squeeze survey released on Monday found 62 per cent of respondents would support a “modest surtax” on homes valued above $1 million, which makes up 10 per cent of Canada’s housing market.
Industry Events
-
Canada Real Estate Auction
Oct 22 2024
-
Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
-
MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
