Brampton boom: Development spike follows new official plan

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

With plans in place to intensify parts of the city, and large parcels of land available in its eastern and western reaches, the Toronto-area City of Brampton has become a hotbed for development.

Finneo accelerates CRE financing sector’s move into digital age

RENX  Residential, Commercial  •  Investment, Technology  •  National, International

Finneo is helping to take the commercial real estate financing industry out of the Excel spreadsheet era and into the modern era with its debt and transaction management software.

Uniform Urban proposes five Ottawa apt. buildings

Residential  •  Ottawa Citizen

Uniform Urban Developments has proposed to build 263 units over two 12-storey and three, three-storey apartment buildings near a future LRT station in Ottawa. The developer had previously pitched towers of 21 and 18 storeys with 361 units for the site.

Calgary’s Avenue Living targets U.S. housing

Residential  •  Financial Post  •  RENX  •  RENX

Calgary-based Avenue Living Asset Management Ltd. is gaining a U.S. beachhead by targeting small cities such as Cincinnati and Kansas City, where apartment buildings and housing complex prices are well below those in major urban centres.

New condo ALiAS takes rock ’n’ roll glam to new heights

Residential  •  Toronto Star  •  RENX

Cue a David Bowie playlist, blow your hair to voluminous height and raid your closet for a sequined shirt or flowing scarf. That’s the rock ’n’ roll-glam vibe of ALiAS Condos, a new condo by Madison Group in Toronto.

Canderel launches Phase 2 of Toronto’s St. Clair Village

Residential  •  Daily Commercial News  •  RENX

At 908 St. Clair W. in Toronto, Canderel has launched phase two of St. Clair Village, a boutique 12-storey TACT Architecture-designed residential project which also features four two-storey townhouse units. The first building is under construction.

Sponsored by Colliers (Calgary) Rare acquisition opportunity in Calgary’s rental market

Colliers is pleased to present the opportunity the acquire The Pinnacle and Wyldewood Estates (the “Portfolio”); a collection of two high-profile, institutionally owned and managed multi-residential properties located in Calgary.

Lower Mainland rents set to soar: Tal

Residential, Commercial  •  Western Investor  •  RENX

Rising land costs are driving up the price of ownership in Lower Mainland real estate markets but rents have yet to follow suit, setting residential and industrial tenants up for a shock in the coming years, says CIBC’s Benjamin Tal.

Vancouver downtown office traffic highest in 10 months

Commercial  •  Business In Vancouver

Vancouverites are returning to the city’s downtown office towers, restaurants and bars at the highest rate in nearly a year, according to data from Avison Young. However, foot traffic in the downtown core is still drastically trailing pre-pandemic levels.

Walmart opens high-tech distribution centre in B.C.

Commercial  •  Canadian Grocer  •  RENX

Walmart Canada opened a state-of-the-art distribution centre in Surrey last week. With a $175-million price tag, Walmart (WMT-N) calls the 300,000-square-foot facility its “most advanced grocery distribution centre,” to date. The warehouse boasts leading-edge technologies with a focus on sustainability.

The Industrial Real Estate Show › Podcast: Logistics, supply chains and industrial real estate

Chad Griffiths: Partner, NAI Commercial

InterRent, CT REIT dividend aristocrats

Residential, Commercial  •  Motley Fool  •  Motley Fool  •  Motley Fool

InterRent REIT’s (IIP-UN-T) performance has been unbelievable and continues to offer exceptional long-term growth potential. If you are an investor looking to buy a REIT that offers more income potential than InterRent, look to CT REIT (CRT-UN-T).

K2 Group acquires Niagara Falls Quality Inn

Commercial  •  Canada Newswire  •  RENX

Canadian privately held investment firm K2 Group today announced the acquisition of Choice Hotel Canada’s Quality Inn & Suites in Niagara Falls. The deal marks the fourth Niagara region hotel in the group’s portfolio.

NorthWest closes on $765M U.S. portfolio acquisition

Commercial  •  Canada Newswire  •  RENX

NorthWest Healthcare Properties REIT (NWH-UN-T) announced today the closing of its previously announced $765 million acquisition of 27 cure-focused healthcare properties located in the United States. The acquisition is the REIT’s first in the United States.

Firm Capital acquires $26.8M Houston property

Residential  •  Globe Newswire

Firm Capital Apartment REIT (FCA-U-X) announced the acquisition of a 50 per cent interest in another of the trust’s Equity Accounted Investments in Houston based on a $26.8 million valuation. The property was purchased in 2018 in a 50/50 JV for $15.3 million.

CRE is spending big bucks on office amenities

Commercial  •  Bisnow  •  Commercial Observer

Houston’s 1000 Main is not an old building, but its owners shelled out cash for a new tenant amenity centre last year, including a 12,500-square-foot lounge area, a conference centre, a gaming area and a fitness centre.

Real estate sector gears up to battle ‘blind bidding’ ban

Residential  •  Globe and Mail  •  Peterborough Examiner

The Canadian Real Estate Association and other powerful industry groups oppose the federal plan to end blind bidding, saying would not bring down prices and would deprive homeowners of the choice of how they want to sell their homes.

Housing prices expected to rise 15%: Royal LePage

Residential  •  Toronto Star  •  Canada Newswire  •  Financial Post

Just as house prices appear to be moderating, Royal LePage has revised its annual Canadian forecast upward to 15 per cent from 10.5 per cent nationally thanks to the strongest first-quarter results on record.

March home sales and new listings ease: CREA

Residential  •  Financial Post  •  Canada Newswire  •  CBC

Canada’s real estate markets saw a significant slowdown in March, as a decline in sales dropped the national average price of a home to $796,000, a two per cent drop from the February reading of $816,720, says the Canadian Real Estate Association.

Annual pace of housing starts slowed in March: CMHC

Residential  •  Toronto Star  •  Canada Newswire  •  Financial Post

Canada Mortgage and Housing Corp. says the annual pace of housing starts ticked lower in March compared with February as urban starts of apartments, condos and other types of multiple-unit housing projects slowed.