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New Edmonton developer plans $270M Fort Sask. retail centre
New Edmonton developer plans $270M Fort Sask. retail centre
Opulence Management Corp. formed just six months ago, but the firm is already moving into development at a significant scale. It has announced a half-dozen projects in the Edmonton area, including a major shopping centre in neighbouring Fort Saskatchewan.
AP REIT acquiring 6 Quebec automotive properties
Automotive Properties REIT (APR-UN-T) is ending 2022 with its largest acquisitions of the year, announcing agreements to purchase six automotive dealership properties in Quebec for $98.5 million.
75% of Groupe Sélection's seniors' residences to be sold
Groupe Sélection will soon see its network of 48 seniors' residences (RPA) significantly reduced. Revera intends to buy Sélection's stakes in 25 RPAs. Ditto for Blackstone, Sélection's partner in 11 other complexes.
Famed developer Albert Reichmann dead at 93
Albert Reichmann, a prominent Toronto developer and philanthropist, is dead at 93. The family, among the richest in Canada, is remembered for its property development empire — which included Toronto’s First Canadian Place and Canary Wharf in London.
Strategic Storage acquires Cambridge facility
Strategic Storage Trust VI, Inc., announced the acquisition of a 132,000-square-foot self-storage facility in Cambridge, Ont., with approximately 930 interior climate-controlled units and approximately 320 RV and parking spaces.
Nexii, PEG complete Nanaimo Courtyard by Marriott Hotel
Nexii Building Solutions announced the completion of a Courtyard by Marriott hotel in Nanaimo built in partnership with PEG Companies. Nexii manufactured 750 unique structural panels for the nine-storey hotel at its Squamish, B.C. production facility.
Ont. construction, renovations worth $37.8B+ in 2022
Ontario's property inventory continued to grow in 2022, with more than $37.8 billion in new assessments, including new construction and improvements to existing properties. Residential made up over $28.6 billion of the increase, according to MPAC.
Walmart Canada taps Chile boss as president and CEO
Walmart Chile CEO Gonzalo Gebara has been appointed president and CEO of Walmart Canada. Gebara, who steps into the role on Jan. 30, joined the retailer in 2000 and has since held roles across finance, strategy, e-commerce, marketing and operations.
Retail sales up 1.4% at $62 billion in October
Retail spending in Canada showed early signs of a slowdown just as the holiday shopping season ramped up this fall, according to new figures from Statistics Canada.
Return of gov't employees might end full-time remote work
After almost three years of working from the comfort of their homes, federal government workers have finally received the mandate most in the private sector already have been forced to heed: it’s time to come back to the office.
CSA calls for equitable, reliable EV charging networks
The Canadian Standards Association Group is urging Canadian governments to establish equitable policies for electric vehicle charging. This would include providing support and infrastructure to the almost one-third of Canadians living in multi-unit residential buildings.
Manulife, Landmark form U.S. student housing JV
Manulife Investment Management and Athens, Ga.,-based Landmark Properties are partnering on the Standard at Four Corners, an 890-bed community at the University of Connecticut in Storrs, Conn. The project will offer studios to three-bedroom layouts.
U.S. office to residential conversion showing mixed results
In the past two years across the United States, adaptive-reuse apartments jumped by 25% as developers transformed empty office buildings, rundown factories, shuttered healthcare buildings and old churches into housing, according to RentCafe.
Remote work helps fuel huge budget shortfall in San Fran
San Francisco is projecting a US$728-million budget gap over the next two fiscal years as the technology hub reels from the economic hit of remote work and the depletion of one-time federal aid.
U.S. farmland prices soar to record
Farmland prices in the Midwest, the U.S.' breadbasket, jumped 20% year-over-year in Q3 — bucking a downturn in the residential real estate market. That was the 11th consecutive quarter of gains, the longest streak since 2014.
Rising cost of debt biggest risk heading into 2023: OSFI
The biggest thing keeping Office of the Superintendent of Financial Institutions head Peter Routledge up at night is how high household debt will play against the backdrop of the fastest interest rate hiking cycle in recent memory.
64% of Ontarians spending over 30% of budget on housing
The Housing Affordability in Ontario: Perceptions, Impacts, And Solutions report, conducted by Abacus Data for Ontario Real Estate Association, found 64% of Ontarians spend over 30% of their household budget on housing.
Market downturn adds to divorcing couples’ woes
Couples grappling with the fraught decisions that come with separation and divorce are feeling an added burden this year: The downturn in Canada’s real estate market is causing more clashes when it comes to dividing the family home.
P.E.I. real estate market shows signs of cooling
New numbers from the Canadian Real Estate Association show Prince Edward Island's housing market is starting to cool. The number of houses sold in November fell 13 per cent year-over-year. P.E.I. Real Estate Association president James Marjerrison is not surprised.
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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