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Innovation critical in future B.C. Lower Mainland development
Innovation critical in future B.C. Lower Mainland development
Ever-rising construction costs and labour shortages, land values and elevated interest rates require companies to approach developments with creativity and innovation. That means the best in the business increasingly rely on digital technology and modelling – especially for urban projects.
Metropia sells 95% of units at first Union City tower in 3 days
A few weeks ago, Metropia CEO, chairman and founder Howard Sokolowski told RENX he believed its upcoming Markham master-planned community would sell quickly. Turns out he was right.
Triovest scraps three-tower Calgary development project
Triovest withdrew its permits for a three-tower Calgary project that would have included a 66-storey condo tower, a 54-storey rental tower and a 24-storey office tower. There were also plans for a hotel and other commercial opportunities.
Record population growth signals opportunities for CRE
GUEST SUBMISSION: For the first time in our country's history, Canada's population increased by more than a million people last year, according to Statistics Canada. This dramatic growth signals several opportunities for the national commercial real estate market.
Ontario could sell underused schools for housing
Queen's Park tabled new legislation that will give itself the power to convert underutilized schools in Ontario into affordable housing or sell off the properties on the open market, in a major overhaul of education policies.
Winnipeg's former Bay $130M redev. to reopen in 2026
The former Bay department store in downtown Winnipeg was shuttered in November 2020. The Southern Chiefs' Organization's $130-million, 655,000-square-foot redevelopment is expected to open in phases starting in 2026, when the building turns 100.
 | Colliers Canada Brokerage The promising future of the multi-family real estate marketInvesting in Victoria's real estate market has several advantages. The cap rates are generally 100-150 basis points higher than those of primary markets like Vancouver, allowing investors to achieve positive leverage in a shorter time, even though the market rental rates are similar. Sponsored by: Colliers Canada Brokerage |
Loblaw president Galen Weston leaving role
Galen Weston will step back from day-to-day operations at Loblaw Companies Ltd. (L-T) by early next year, the company announced on Tuesday, saying it has hired European retail executive Per Bank to take over as president and CEO.
Competition Bureau clears $1.7B Home Capital takeover
Billionaire financier Stephen Smith is a step closer to sealing his $1.7-billion takeover of Home Capital Group Inc. (HCG-T) after the Competition Bureau said it does not plan on opposing Smith Financial Corp.'s deal.
Feds must provide more housing, infra funds: RESCON
The Residential Construction Council of Ontario (RESCON) is calling on the federal government to do its part and invest more of the excessive tax revenue it collects from new home construction into housing supply and public infrastructure that supports growth.
Indigenous-owned Keewaywin to build homes with CMHC
Indigenous-owned private credit fund Keewaywin Capital has partnered with CMHC to build homes for Indigenous communities. Over the next five to seven years, the partnership aims to fund 300 to 600 homes across Manitoba and Saskatchewan.
New Taza Development president eager to build on success
James Robertson, who was president and CEO of University of Calgary Properties Group for 11 years, has accepted the position of president of Taza Development Corp., a partnership between the Tsuut’ina Nation and Canderel.
Blackstone’s $30B fund will key on industrial, hotels
Blackstone has just raised the biggest real estate fund in history – $30 billion US – which global co-head of real estate Kathleen McCarthy said Blackstone will turn from office assets, toward industrial, rental housing, data centres, life sciences and hotels.
WeWork faces lawsuit after vacating Chicago Loop site
WeWork has been slapped with a $360,000 eviction lawsuit after allegedly not paying rent at its largest Loop location, one of 40 underperforming U.S. sites to be closed by the coworking giant in late 2022.
Investors are facing a core-asset shortage
For years, buying some of the largest commercial real estate buildings in Asia Pacific (APAC) was the standard route into the sector for many investors. However, as more capital flows into real estate, competition for core assets has intensified.
Initia Real Estate opens new office in Bajio, Mexico
Edmonton-headquartered Initia Real Estate, a leading Canadian real estate company, will celebrate the opening of its newest office located in Bajio Leon, Guanajuato, Mexico, on April 21.
Permits to build new Ontario condos soar by 25.4%
Building permits for multi-unit dwellings are on the rise in Ontario as the province continues to face pressure from increased demand and a critical shortage of housing, according to a recent Statistics Canada report.
Canada's housing market is heating up
Competition is heating up across the country, in cities such as Chilliwack, B.C., and London, Ont., and in major urban centres such as Calgary and Toronto, as Canada’s housing market comes back to life with the approach of spring.
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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