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Hazelview launches Story of Home apts. in Brampton, Ottawa
Hazelview launches Story of Home apts. in Brampton, Ottawa
Hazelview Investments has launched its Story of Home brand of purpose-built rental apartments in Brampton and Ottawa, and plans to roll out more properties in other cities.
A look back, and ahead, at Canada's CRE landscape
This year’s Global Property Market conference opened with presentations which looked both forward and back ... reviewing the major trends of 2022 and offering an investment outlook for 2023.
 | The People Space Broccolini passes torch, new execs at CBRE, CPP, C&W, CDPQ ...Don WilcoxManaging Editor, RENX |
Genesis announces sale of 40% of Calgary's Lewiston dev.
Genesis Land Development Corp. announced it has entered into binding agreements to sell a 20% ownership stake to each of two separate Calgary-based third-party homebuilders in the Genesis Lewiston development project. The ownership stake sales totalled $19.8 million.
BOC hikes key overnight interest rate to 4.25%
The Bank of Canada is increasing its key overnight interest rate by 50 basis points to 4.25 per cent. This is the seventh consecutive increase since the Bank began hiking rates in March in a bid to curb runaway inflation.
Fairmont Hot Springs Resort for sale in B.C.
B.C.'s Fairmont Hot Springs Resort, which includes more 1,200 acres, is for sale "within the $50-million range," according to Colliers. The resort includes 151 guest rooms, a 45-hole golf course and a 14-run ski hill.
Equiton acquires Edmonton rental building for $23.75M
The Equiton Residential Income Fund Trust has acquired the Park Square Apartments in Edmonton. The purchase price for the 21-storey, 158-suite property was $23.75 million.
QuadReal, BCI break ground on rental tower
QuadReal Property Group and BCI Management Corporation have broken ground on their purpose-built rental development at 30 Merton St. in Toronto’s Davisville Village. The 37-storey tower designed by Sweeny&Co Architects will include 322 rental units.
Taking sustainability beyond vision to execution: GPM
The real estate industry needs to move from vision to execution on its sustainability, ESG and net-zero goals. That was the central theme of an expert panel at the Global Property Market (GPM) forum Nov. 29 in Toronto.
Caisse invests $150M in construction company Pomerleau
Canadian pension giant Caisse de dépôt et placement du Québec is raising its bet on construction company Pomerleau, which is pushing out from its home market in a bid to grab a bigger share of the country’s infrastructure spending pie.
Dollarama hikes sales forecast
Discount retailer Dollarama Inc. (DOL-T) has boosted its sales growth forecasts for the year, as persistent inflation is driving shoppers to its stores to seek out lower-priced food and household items.
Saint Laurent to open flagship store on Bloor Street
Kering-owned French luxury fashion brand Saint Laurent will open a flagship next year on Toronto's Bloor Street. The 10,400-square-foot store marks a milestone in the ongoing transformation of Bloor Street West as a luxury retail address.
WeWork default a 'real possibility': Fitch
Fitch Ratings has downgraded WeWork Cos. to CCC from CCC+, citing recent negative metrics pulling the company down, and the prospect of a weaker economy next year. Default for the co-working company is a real possibility, according to Fitch.
Salesforce orders some workers back to the office
San Francisco-headquartered Salesforce, one of the first tech companies to let employees work from anywhere, is requiring some sales workers to return to the office and abide by other productivity rules as the software maker grapples with slowing revenue growth.
Investor withdrawals may force funds to sell buildings
Investors trying to reduce their exposure to a declining property market are moving to pull their money out of CRE funds at a faster clip than they have in years in what could be shaping up as a major problem.
SL Green pursues Times Square's tallest tower
SL Green Realty Corp. aims to redevelop a Times Square office building into the tallest tower in the area as it competes for one of New York State’s casino licenses.
B.C.'s rental market slowly becoming viable again
Not that long ago, renting was seen as a world dominated by younger people, new arrivals, seniors on pensions and poor people. However, over the last few years, more and more people are showing up in the rental world.
Saanich approves first development with zero parking
The approval of a nine-unit townhouse project with no on-site parking in Saanich is being hailed as a signal times are changing in the municipality, and Saanich is taking steps to address both the housing and climate crises.
Ottawa home sales down 42%, biggest drop this year
Ottawa home sales dropped for a ninth straight month in November. Home sales dropped 42 per cent year-over-year last month, according to the Ottawa Real Estate Board. It's the largest decline so far this year.
Hundreds cheated on Ont. real estate license exams: AG
A report from Ontario’s Auditor General found that “large-scale, deliberate and organized misconduct” in 2021 accounted for 315 individuals caught cheating the Humber College Real Estate Education Program, a figure six times greater than has previously been admitted.
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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