ONE Properties building 11M sq. ft. in major Cdn. cities

RENX  Residential, Commercial  •  Industrial, Office, Retail, Apartments  •  Toronto / GTA, Edmonton, Calgary

ONE Properties is bullish these days on the Canadian commercial real estate market. The proof is clear: the Edmonton-headquartered firm has close to 11 million square feet of space under development in the Calgary, Edmonton and Toronto regions.

22-acre Delta, B.C., industrial dev. site sold to Beedie

RENX  Commercial  •  Industrial  •  Metro Vancouver

A 22-acre industrial development site in Delta in Greater Vancouver has been sold to Beedie in the largest industrial transaction ever brokered by CBRE’s Vancouver office.

Tiger leads US$142M investment in Mtl.’s RenoRun

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

RenoRun Inc., a quickly growing Montreal startup building an Instacart-like service to deliver construction materials to general contractors, has raised US$142 million in a private-capital financing led by global hedge fund giant Tiger Global Management.

Hamilton has big plans for waterfront development

Residential, Commercial  •  Daily Commercial News

Hamilton’s Municipal Land Development Office is presiding over waterfront projects that will transform the district, including the Jamesville Redevelopment, the Barton-Tiffany district plan, the multi-use build-up of the West Harbour’s Pier 8 and the revitalization of Piers 5, 6 and 7.

Hamilton-area population climbs over 812,000

Residential  •  CBC

Hamilton continues to be a city of choice for newcomers to Canada, as well as Canadians leaving bigger cities, Statistics Canada data shows. Between 2020 and July 2021, there have been 5,375 new arrivals, increasing the area’s population to 812,528.

Sponsored by HOPA Ports Growing companies thrive in HOPA’s industrial network

When customers join the HOPA Ports network, they tap into more than square footage or a great location in the GTHA. We strive to understand their business, invest in their vision, and help them succeed every step of the way.

Agropur considering offer to purchase head office

Commercial  •  La Presse

The Agropur dairy cooperative has received an unsolicited offer to purchase its luxurious head office, located in Longueuil’s borough of Saint-Hubert. Since January 2021, Agropur has leased 86,000 square feet – approximately 30 per cent of the area of ​​its head office.

Quebec halts Dawson College expansion plans

Commercial  •  CBC  •  CTV  •  Montreal Gazette

Quebec is putting Dawson College‘s expansion plans on hold, despite promising the CEGEP millions for additional classroom space in 2020. As part of the government’s accelerated infrastructure plan, the $100 million in funding would have enabled Dawson to expand its campus.

Woodcliffe proposes 14-storey mixed-use in Summerhill

Residential, Commercial  •  Urban Toronto

Woodcliffe Properties has proposed a 14-storey mixed-use building at 1196 Yonge St. in Toronto’s Summerhill area. The KPMB Architects-designed building would include two ground-floor retail units and 59 condominium units, consisting of 13 one-bedroom (22%), 36 two-bedroom (61%), and 10 three-bedroom (17%) suites.

NJS Capital proposes 11-storey residential

Residential  •  Urban Toronto

NJS Capital has proposed an 11-storey residential building at 1141 Roselawn Ave. in the Fairbank neighbourhood. The RAW Design Inc. building would include 133 residential units – 28 studios, 57 one-bedrooms, 37 two-bedrooms and 11 three-bedrooms – 93 parking spaces underground, 163 bicycle parking spaces and one loading space.

Housing advocates pan Metrolinx $64.5M property sale

Residential  •  CBC  •  RENX

Ontario’s regional transit agency Metrolinx sold 1.85 acres of prime public land next to the Port Credit GO station and the Hurontario light rail transit station for $64.5 million last month without insisting Edenshaw Developments provide affordable housing.

Protests deal another blow to downtown Ottawa biz

Commercial  •  Ottawa Business Journal

After a January that was the toughest grind of his entrepreneurial career, Happy Goat Coffee co-owner Ahmet Oktar was hoping the return of in-person dining at his chain of Ottawa shops on Monday would lift his flagging business fortunes.

ERES acquires Dutch properties for $92.7M

Residential, Commercial  •  Globe Newswire

ERES REIT (ERE-UN-X) acquired 45 residential suites, three commercial units and 26 parking spaces in Rijswijk, the Netherlands and has entered into an agreement to acquire on a forward-purchase basis a multiresidential property in Arnhem, the Netherlands for a total of $92.7M.

Square Mile has record quarter with $3.1B in deals

Residential, Commercial  •  Bloomberg

Real estate investment firm Square Mile Capital Management issued $3.1 billion worth of loans across 24 deals in Q4, a quarterly record since the debt platform was founded in 2013 and nearly half of last year’s total volume of $6.4 billion.

Singapore’s office market is done with WFH

Commercial  •  Bloomberg

Office occupancy rates in Singapore’s Suntec City were 97.2 per cent in December, highest in six quarters. Rents are nearly eight per cent steeper than two years ago in the five-tower, 2.3-million-square-foot complex in the heart of the Asian financial centre.

How 9/11 changed high-rise safety

Residential, Commercial  •  propmodo

In the aftermath of the 9/11 attacks, a federal investigation of the World Trade Center’s evacuation led to high-rise building code changes seeking to make evacuations safer. One of these changes has been how we think about emergency evacuation elevators.

Edmonton setting up for a strong year in residential

Residential  •  Edmonton Journal

The record for home sales set last year is unlikely to be threatened by housing demand in Edmonton this year. The Realtors Association of Edmonton’s annual forecast predicts activity will be 11 per cent below sales in 2021, a record high of 24,075.

OPINION: Alta. housing affordability could be tested

Residential  •  Globe and Mail (Sub. required)

Calgary housing is affordable when compared to many other major Canadian cities, where prices have shot far out of many’s financial reach. However, that Alberta affordability advantage is likely to be tested by rising oil prices and an improving economy.

Will crypto mortgages come to Canada?

Residential  •  Financial Post

Miami-based lender Fintech Milo is launching a new crypto mortgage that allows homebuyers to pledge their Bitcoin as collateral. Don’t expect a similar product  materializing in Canada anytime soon. Canada is still very much tied to fiat, or government-issued, currency.

The Real Brokerage Launches Operations in Ontario

Residential  •  Canada Newswire

The Real Brokerage Inc., a technology-powered real estate brokerage, announced it has launched operations in Ontario. This is the second Canadian province where Real is operating, in addition to 40 states and the District of Columbia in the U.S.