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'Truly innovative': EDGAR plans 8-tower New Westminster redev.
'Truly innovative': EDGAR plans 8-tower New West. redev.
Vancouver-based EDGAR Development is proposing a mixed-use pedestrian-only redevelopment in New Westminster, B.C., which would comprise about 2,400 homes plus office and retail space in eight towers on the western edge of downtown.
PC Urban, Nicola Wealth unveil Vancouver industrial strata
Vancouver-based real estate company PC Urban Properties and investment firm Nicola Wealth have launched a new industrial strata development in southwest Vancouver known as IntraUrban Southlands.
Mtl., Canada Lands squabble over sale of Mill Street
The City of Montreal claims it's negotiating with Canada Lands to acquire all of Mill Street in the Bridge-Bonaventure sector, but Canada Lands says it's selling a part to Devimco.
Northview to convert to REIT, acquire $742M in apt. portfolios
Management of the Northview Canadian High-Yield Residential Fund (NHF-UN-T) has announced a recapitalization plan which involves its conversion back to a REIT, the acquisition of three multiresidential portfolios for $742 million and increased investment from affiliates of Starlight Investments and KingSett Capital.
Hazelview sees surge of cash-out requests for $1.2B fund
Hazelview Investments, a private money manager that specializes in commercial real estate, is experiencing a surge of investor requests to cash out of its Four Quadrant fund – a common problem for private investment managers as interest rates rise.
 | Colliers Canada Brokerage Winnipeg industrial: The next investment frontierWinnipeg's industrial landscape is becoming a top choice for institutional investors to help meet the need of modern industrial space for the booming market. Sponsored by: Colliers Canada Brokerage |
TAS' five-building Toronto project set to rise
Toronto-based TAS' project at 2 Tecumseth St., a five-building million-square-foot development on five acres, is set to rise from the rubble of a former abattoir near King and Bathurst Streets in Toronto's arts and entertainment corridor.
Bayview proposes three Ottawa mixed-use towers
In a move that would dramatically reshape Ottawa's east-end skyline, Toronto-based developer Bayview Hospitality Group has applied to build a trio of mixed-use high-rises in Orléans that would include more than 1,100 residential units along with retail and office space.
Emblem proposes 31-storey mixed-use in Hamilton
Emblem Developments has proposed a 31-storey mixed-use tower at 96 John St. N. in downtown Hamilton that would see the demolition of four older buildings. The Studio JCI-designed tower would include 330 residential units and retail at grade.
Rio Tinto to invest $1.14 to expand Que. aluminum smelter
Rio Tinto (RTPPF) is investing $1.4 billion to expand its aluminum manufacturing operations at its Complexe Jonquière site in Saguenay, Que., breathing new life into the industrial centre after years of uncertainty.
Climate, diversity major ESG challenges in Canada CRE
Adapting to climate risks by achieving lower carbon emissions and having more women and racialized individuals in leadership positions emerged as the two leading ESG priorities for companies in Canada’s CRE industry, according to REALPAC's ESG Industry Report 2023.
$53M lawsuit filed against Groupe Sélection CEO
Investor Financement Projets Québec (FPQ) is suing over $53 million it claims it lent to Groupe Sélection CEO Réal Bouclin. The company is threatening to seize the luxurious residence of the fallen tycoon of the insolvent seniors' residences.
Brookfield, URW walk away from San Fran. mall
Co-owners Brookfield Corp. and Unibail-Rodamco-Westfield (URW) are giving up the Westfield San Francisco Centre to lenders, adding to deepening pain in a city struggling to bring back workers and tourists. The mall has $558 million in outstanding mortgage debt.
Borrowing costs for CMBS loans jump to 7%
Commercial mortgage-backed securities, or CMBS loans, ground to a halt in early May before restarting later in the month. Goldman Sachs analysts found average financing for hotels, shopping centres and other CRE had doubled from a pandemic low of 3.5%.
London office market will weaken further: Goldman
The London office market is deteriorating — and things are likely to get worse, according to Goldman Sachs Group analysts, who say deal activity has slumped near global financial crisis-era lows, while a spike in new offices will harm rental prices.
CDPQ world's largest infrastructure investor
CDPQ ranks first in the Global Investor 50, a showcase of the biggest institutional investors in infrastructure based on the size of their assets, compiled by Infrastructure Investor magazine. CDPQ's Infrastructure portfolio consists of nearly 40 businesses in 15 countries.
Apartment blocks coming to Vancouver's side streets
ANALYSIS: For a long time, if apartment buildings in Vancouver were built at all, it was on a tiny sliver of land. Soon, they’ll increasingly be coming to residential side streets — including one proposal for the rental-deficient neighbourhood of Dunbar.
No vote held on Vancouver Chinatown condo plan
A hearing to determine the fate of Beedie Holdings Ltd.'s controversial nine-storey condo project proposed for Vancouver’s Chinatown has ended without a vote after hearing from about 100 speakers.
FirstService to sue B.C. over strata insurance changes
Property management company and insurance broker FirstService Corp. (FSV-T) has announced its intent to file suit against the B.C. government over legislative changes made in 2020 that it claims may increase strata costs and exacerbate a strata property manager shortage.
Toronto rent growth is slowing: Urbanation
A new Urbanation analysis of rentals.ca data shows the average Toronto one-bedroom listing in May cost $2,538 per month — fairly consistent with April, when the same sized unit averaged $2,526.
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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