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Spotlight plans multi-tower The Inclusive in Kitchener
Spotlight plans multi-tower The Inclusive in Kitchener
Spotlight Development is doubling down on its “The Inclusive” brand of innovative, affordable and attainable multiresidential housing with a proposed development in Kitchener, Ont.
Vancouver given low ranking for downtown recovery
Vancouver is ranked 47 out of 63 cities across North America for recovery in its downtown core following the height of the pandemic, according to a new study from the University of Toronto.
Canada’s apartment market sizzling: Yardi report
Apartment owners across Canada are reaping the rewards of a favourable supply-demand equation fuelled by robust population and job growth, a growing preference for renting vs. owning, and a housing shortage limiting tenants’ options, says Yardi’s latest national multifamily report.
Starlight JV enters U.K. with plans for $1B BTR platform
Starlight Investments says it has joined with global institutional partners to create a build-to-rent platform in the United Kingdom, and the venture is being kicked off with three BTR communities comprising 922 suites and valued at $381 million Cdn.
Metro Vancouver residential land prices soar in Q1
The announcement a 4.2-acre bowling alley site in Burnaby has sold for more than $22 million per acre is the latest indication of developers’ confidence future homebuyers and renters will be able to handle higher new home costs.
Van. gas stations face redevelopment pressure: JLL
B.C.’s push for densification to increase housing is reinforcing the high property values of Vancouver gas stations, says Colliers International's James Lang. The impact will be continued pressure to remediate and then redevelop a dwindling number of station lots.
 | JLL Canadian CRE ramping up support of life science sectorWhile Canada punches above its weight in scientific research, a lack of scale-up space is blocking the growth of its life science industry. However, a wave of new development is beginning to materialize that will support the industry's growth. Sponsored by: JLL |
Walmart opens $50M distribution centre in Moncton
Walmart Canada has opened its first distribution centre in Atlantic Canada – a $50 million facility in Moncton. The 223,000-square-foot operation will distribute fresh and frozen groceries to more than 40 Walmart stores in the region.
Thunder Bay hotel sold to Naagaaniiyang Partnership
One of Thunder Bay's largest and more prominent hotels is changing hands. Brandon, Man.-based hotel management company Genesis Hospitality Management has announced the sale of the Victoria Inn Hotel and Convention Centre to Naagaaniiyang Limited Partnership.
CMHC raises mortgage premiums, tightens underwriting
GUEST SUBMISSION: The Canadian Mortgage and Housing Corporation (CMHC) recently provided two key updates to its multifamily financing programs in Canada.
Embodied carbon key issue in lowering building GHGs
Quantifying and abating embodied carbon in the built environment remains a significant challenge, making it a major focus during an Urban Land Institute (ULI) Toronto webinar exploring issues around lowering carbon emissions in buildings.
U.S. regulators seize failed bank, sell to JPMorgan Chase
Regulators seized troubled First Republic Bank (FRC-N) early Monday, making it the second-largest bank failure in U.S. history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase (JPM-N).
Brookfield takes 51% stake in 4 Indian commercial properties
Brookfield Asset Management on Monday said it has closed a deal to acquire a 51 per cent stake in Bharti Enterprises’ four commercial properties - a 3.3-million-square-foot portfolio primarily located in India's Delhi-NCR region.
Blackstone REIT limits withdrawals for sixth straight month
Blackstone Inc.’s $70-billion real estate trust for wealthy individuals limited redemptions for a sixth straight month. BREIT allowed $1.3 billion to be withdrawn, or about 29% of the amount requested.
Billions in M&A pipeline could transform CBRE: Execs
Loss of revenue from transactions caused a 70% annual drop in profits for the world's largest commercial real estate firm in Q1, but that isn't stopping CBRE from preparing to snap up other firms.
Fed workers' remote work could harm urban housing
OPINION: The Public Service Alliance of Canada’s remote work settlement with the federal government may result in an increased demand for suburban homes and lower the demand for office space and secondary and tertiary services such as retail and restaurants.
GTA condo construction slowdown in the offing
Sales of new and pre-construction condos in the GTA hit a 14-year low in Q1. Unsold inventory climbed to a seven-year high and prices grew at the slowest rate in eight years in the same period, according to Urbanation.
T.O. home prices will likely increase for rest of 2023
Toronto home prices will likely increase through the end of 2023 as the market struggles to produce more stock. In February and March home prices increased month-over-month, and some watchers say the trend will continue for the foreseeable future
Calgary sets April record as benchmark price hits $550,800
The Calgary Real Estate Board says the city set an April record as the benchmark price of a home sold reached $550,800. That price represents a two per cent increase from March and a 1.19 per cent year-over-year increase.
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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