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Hazelton Hotel part of First Capital's $184M T.O., Montreal property sales
Hazelton Hotel part of FCR's $184M T.O., Mtl. property sales
First Capital REIT (FCR-UN-T) has announced firm agreements to sell four Toronto and Montreal properties for $184 million, including the luxury Hazelton Hotel and ONE Restaurant in Toronto's upscale Yorkville neighbourhood.
Immigration, homeownership hot topics at apt. conference
There were two main issues at the forefront of many conversations at the Western Canada Apartment Investment Conference in Vancouver on April 4: Canada's record population growth spurred by immigration, and the increasingly high cost of homeownership in the west.
Vancouver not looking to demolish class B, C office spaces
The office vacancy rate in downtown Vancouver is now 11.1 per cent and much of it is in older office towers, but unlike other cities there is no plan to demolish or repurpose the B and C class buildings.
Vacant Sears locations yet to be filled: Retail industry insiders
As landlords face an influx of vacant retail space following Nordstrom's March announcement it will close its 13 Canadian locations this June, some mall owners are still dealing with the Sears bankruptcy more than five years ago.
Physical spaces key for luxury retail: Carbonleo CEO
Demand for physical retail remains a crucial part of the shopping experience among luxury shoppers. A new report from BoF Insights and Royalmount found 77 per cent of shoppers expect to visit a luxury store more often in 2023.
 | CRE Matters Economic uncertainty calls for harmonic approach to Canadian retailJane DomenicoSenior Vice-President & National Lead, Retail Services |
BC gov't buys 12-storey Van. tower for supportive housing
The B.C. government has acquired Chalmers Lodge seniors’ assisted living facility at 1450 West 12th Avenue in Vancouver’s South Granville district for its conversion into supportive housing.
BoC rate pause could force landlords to sell properties
The Bank of Canada’s announcement today it will hold interest rates steady could put financial pressure on landlords. Owners selling properties due to financial stress have increased 300 per cent year-over-year in Toronto, one broker reports.
Toronto’s ‘sweetheart deal’ with MLSE to host World Cup
A partnership, agreed to in February by the City of Toronto and MLSE for hosting the FIFA Men’s World Cup 2026, stipulates taxpayers will fund improvements to BMO Field and reimburse MLSE for lost revenues from the event.
High-rise plan adds 50-storey tower to Yonge-Steeles area
Another major development proposal from Osmington Gerofsky Development Corp. would see the construction of a 50-storey tower at 6355 Yonge Street on the northeast corner of Yonge Street and Abitibi Avenue, delivering 610 new dwelling units.
199 Church over halfway toward 39 storeys after two years
Developers CentreCourt and Parallax Investment Corp. have 199 Church, located east of Yonge in downtown Toronto, well on its way toward a final count of 39 storeys at the two-year mark in the construction process.
How can Canada get major infrastructure projects built?
With billions of dollars of proposed developments inching their way through the country’s lineup of big projects, Ottawa wants to accelerate the timelines — and industry leaders are on board. The three Prairie provinces are also making their own moves.
Office Properties trust to merge with Diversified Healthcare
Citing a “challenging backdrop for traditional office assets,” Office Properties Income Trust has mergered with Diversified Healthcare Trust, a REIT that owns medical office buildings, life science and senior housing properties, in an all-share transaction valued at $12.4 billion.
Blackstone closes on $30B real estate fund, its biggest ever
Blackstone has closed on its latest real estate fund, raising $30.4B in capital commitments – 48% larger than its previous real estate fund which closed in 2019. The Blackstone Real Estate Partners X fund had a target of $25B.
Brookfield agrees to acquire France’s data centre firm Data4
French asset manager AXA IM said Tuesday it will sell its stake in French data centre firm Data4 to Brookfield Infrastructure for an undisclosed amount. The deal marks Brookfield's entrance into the European data centre market.
London's Canary Wharf re-emerging as a life-sciences district
Plans are afoot to develop a world-class life-sciences hub at London's Canary Wharf. Created in the 1980s as a new banking district for the City of London, it is reinventing itself and benefiting from booming demand for life-science space.
Renewed interest from Vancouver downtown condo buyers
Downtown Vancouver’s residential real estate market is seeing renewed interest from lifestyle-driven condo buyers. Sales fell dramatically year-over-year to 111 sales in February, down 60 per cent from 2022 but up 29 per cent from January.
Home sale prices top listing prices for first time since May 2022: TRREB
The Toronto Regional Real Estate Board (TRREB) in its March Market Watch report indicates a tightening market is on the rise, with an increase in the number of sales compared to previous months and a boost in sale prices.
Uncertainty, optimism drive Canadians' home buying decisions: RBC Poll
The annual RBC Home Ownership Poll found that overall, Canadians are watching as house prices come down, with 40% of respondents saying they expect to pay less now for a home than they would have a year ago.
Edmonton homebuyers with unfinished homes and mortgages
Four people who bought houses in Edmonton from Calgary builder 3volution more than a year ago say construction is stalled, leaving them with mortgage payments on unfinished homes. Thirteen 3volution builds have cancelled building permits, nine have lost new-home warranties.
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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