Anthem building Calgary ind. portfolio, buys dev. land

RENX  Commercial  •  Industrial, Land  •  Calgary

Anthem Properties Group, known more for its residential presence in the Calgary real estate market, has recently embarked on building up its industrial portfolio in the Alberta city.

West-end GTA property offers industrial/CRE potential

RENX  Commercial  •  Land  •  Toronto / GTA

Creekside Lands, a 22-acre infill development site in Mississauga, is being marketed for a variety of uses by TD Cornerstone Commercial Realty Inc.

Redevelopment looms for Canada’s largest hotel

Commercial  •  blogTO

It is Canada’s  largest hotel with 1,590 guest rooms, but Chelsea Hotel‘s 26 storeys, aging amenities, awkward layout and a central location at 33 Gerrard St. W. make it a prime redevelopment opportunity for Great Eagle Holdings, which proposes 31-, 49-  and 86-storey towers.

Waterfront Innovation Centre to open in June

Residential, Commercial  •  Globe and Mail

Toronto’s Waterfront Innovation Centre, by Menkes Developments Ltd. and BentallGreenOak, is set to launch on June 4. The 475,000-square-foot complex, one of the first Canadian developments to receive a new LEED 4.1 certification, will include transit, businesses, residents, offices and retail.

Dollarama CEO pay doubles from prepandemic levels

Commercial  •  Globe and Mail

Long-term investors shouldn’t sweat rout in REITs

Residential, Commercial  •  Globe and Mail (Sub. required)  •  Wealth Management  •  Motley Fool

CAPREIT‘s (CAR-UN-T) units have tumbled about 22 per cent after hitting a record high in September. However, they have still posted a total return – including distributions – of about 10.7 per cent on an annualized basis over the past five years.

Sponsored by MNP Real estate and the 2022 federal budget

A positive update for businesses is there were no changes to the current tax rules on intergenerational business transfers. Amendments introduced through Bill C-208 in 2021 allow parents to succeed their businesses to their children in a tax effective manner.

Ottawa hydro damage worse than ice storm, tornadoes

Residential, Commercial  •  CBC  •  Canada Newswire

Hydro Ottawa says damage from Saturday’s fatal windstorm is “simply beyond comprehension.” As of Tuesday morning, about 150,000 customers in the Ottawa-Gatineau region are still without power. More than 350,000 customers in the region were initially left without power Saturday.

Vancouver close to achieving ’15-minute city’ status

Residential, Commercial  •  CBC

A new SFU study says 79 per cent of Vancouver’s population can access a grocery store within a slow, 15-minute walk, a key marker of sustainable community design, according to experts.

Ontario’s Peel Region grapples with urban sprawl

Residential  •  CBC

VIDEO: In Peel Region, west of Toronto, officials have adopted a plan to expand urban development to accommodate a growing population, putting them at odds with advocates who argue for the need to conserve green spaces.

REM’s airport section delayed until at least 2025

Commercial  •  Montreal Gazette  •  La Presse

CDPQ Infra, the unit of the Caisse de dépôt et placement du Québec that’s building the 67-kilometre, 26-station Réseau express métropolitain, said Friday it has had to push back the opening of the light-rail network’s airport section.

Port of Montreal entangled in nets of rare fish

Commercial  •  LaPresse

Ensuring the survival of the copper redhorse, an endangered species found only in Quebec, is providing an obstacle to the construction project of a port terminal on the South Shore of Montreal, estimated at $850 million.

Amazon aims to sublet, end warehouse leases

Commercial  •  Bloomberg  •  RENX

Amazon.com., stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded, is looking to sublet at least 10 million square feet of space in the U.S. and could vacate even more by ending leases with landlords.

AIP to acquire up to five Texas ind. properties

Commercial  •  Globe Newswire

Toronto’s AIP Realty Trust (AIPV-U-X) announced AIP Realty Management has entered into purchase agreements with AllTrades Five Properties to acquire up to five additional companies, each of which owns a light industrial flex property in Texas’ Dallas-Fort Worth area.

Starbucks leaving Russian market, shutting 130 stores

Commercial  •  CBC

In a memo to employees Monday, the Seattle coffee giant said it decided to close its 130 stores and no longer have a brand presence in Russia. Starbucks said it will continue to pay its nearly 2,000 Russian employees for six months and help them transition to new jobs.

Airbnb to shut domestic China business on July 30

Residential  •  Globe and Mail (Sub. required)

Vacation rental company Airbnb Inc will shut down all listings and experiences in mainland China from July 30, it said on Tuesday, joining a long list of Western internet platforms that have opted out of the Chinese market.

Cutting the environmental cost of redevelopment

Residential  •  Globe and Mail

There has been much discussion about the need for housing supply and increased density in Vancouver. However, the environment has been given short shrift, say those in the housing industry who are concerned about the sustainability of massive redevelopment.

Ottawa pushing for annual permit for vacant properties

Residential  •  CBC

The City of Ottawa wants owners of vacant properties to pay $1,703 annually for a permit so bylaw officers can do proactive inspections aimed at preventing problems and “demolition by neglect.”

More buyers consider alternative mortgage options

Residential  •  Toronto Star  •  Globe and Mail

Canadian mortgage brokers say homebuyers are increasingly considering credit unions and private lenders to secure mortgages as fixed mortgage rates have crept toward and just above four per cent in recent months in many provinces and territories.

B.C.’s Residential Tenancy Branch to record hearings

Residential  •  REMI Network

B.C.’s Residential Tenancy Branch (RTB) announced it will begin recording all dispute-resolution hearings effective immediately in an effort to promote fairness and transparency.