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CF, Shindico pitch $1.1B Winnipeg Polo Park multires dev.
CF, Shindico pitch $1.1B Winnipeg Polo Park multires dev.
Shindico Realty Inc. and Cadillac Fairview Corp. plan to invest $1.1 billion in transforming vacant land around CF Polo Park shopping centre in Winnipeg into a multi-tower residential development with about 3,700 rental units.
Oxford, CT REIT revamp Canada Square redevelopment plan
Plans by Oxford Properties and CT REIT (CRT-UN-T) to redevelop the 9.2-acre Canada Square property at Toronto’s Yonge and Eglinton intersection have undergone some changes since the first plan was filed in December 2020.
Condo developers forge ahead despite market dip
As months of slowing sales in new condominiums sees some projects push back their debut into late 2023, other developers including Toronto-based Capital Developments are still going full speed ahead.
Hazelview proposes 61-storey apartment tower
Hazelview Investments has proposed a 61-storey apartment tower at 34 Maitland St. in downtown Toronto. The proposed design by Turner Fleischer Architects would feature 529 new rental apartment units and 55 rental replacement units.
Downtown Winnipeg development boss steps down
Angela Mathieson is stepping down as CEO of CentreVenture Development Corp. after eight years at the helm of Winnipeg's downtown development organization. Her decision comes with the city halfway through a three-year downtown recovery strategy.
Calgary Legion forced to close pub, sell building
Calgary's Kensington Legion has completed the sale of its four-storey office complex to Ronmor Developers for $7.5 million. As a part of the deal, the Legion will lease the second floor of the building for the next 50 years.
 | Real Estate with Howard Drukarsh Luxury real estate broker Nicole PlaxenHoward DrukarshHost, Real Estate with Howard Drukarsh |
Granite REIT opens the market to mark 10th anniversary
President and CEO Kevan Gorrie and his team joined Robert Peterman, vice-president, global business development, Toronto Stock Exchange, on Tuesday to celebrate Granite's (GRT-UN-T) 10-year anniversary as a real estate investment trust and to open the market.
Bizou shutters all 45 Quebec locations
Bizou women's fashion accessories stores, headquartered in Sainte-Marie, Que., closed without notice on Monday. The remaining 45 Quebec branches of the group ceased operations simultaneously. Bizou International had sought protection from creditors in the fall of 2020.
Zellers to open initial 25 stores in Canada
The Hudson’s Bay Company is bringing the Zellers brand back to Canada this year with 25 locations set to open within Hudson’s Bay department stores. It’s not yet known if the popular restaurant component to Zellers stores will be returning.
Jewellery brand Suetables to open store at The Well
Female-owned and -operated Canadian jewelry brand Suetables will open its fifth brick-and-mortar store this fall at the massive The Well mixed-use development in downtown Toronto. Suetables owner/designer Sue Henderson said the retail mix at The Well is well-curated.
Canada's Grocery Code of Conduct a step closer
On Friday, Agriculture and Agri-Food Canada issued a joint statement on progress toward the country’s first Grocery Code of Conduct, designed to enhance transparency and fairness in the sector.
BMO gets green light to buy Bank of the West for $16.3B
The Bank of Montreal has received approval from the Federal Reserve to acquire San Francisco-based Bank of the West for $16.3 billion US, a transaction that will create the 15th-largest U.S. lender.
U.S. investors seek to pull $20B from core funds
A group of property funds for institutional investors ended last year with $20 billion in withdrawal requests, the biggest waiting line since the Great Recession, according to IDR Investment Management.
Service Properties sells 65 U.S. hotels for $514M
Newton, Mass.-based REIT Service Properties Trust, (SVC-Q) sold a portfolio of 65 hotels to 21 separate buyers for about $514 million. The portfolio, totalling 7,865 rooms across 27 states, was sold to family offices and private equity investors.
NYC property values expected to rise 6.1% Y-O-Y
The value of New York City’s 1.1 million properties is projected to rise 6.1% for the next fiscal year, boosted by single-family home prices. The city set a market value of about $1.48 trillion for residential and commercial properties.
London, Vancouver lead on N.A zero-energy homes
With at least 2,572 zero-energy housing units, Ontario ranks seventh in a top-20 list of Canadian provinces and U.S. states according to the Energy and Environmental Building Alliance’s (EEBA) annual report.
Luxury real estate enters buyer's market
Both buyers and sellers retreated from the luxury housing market in Toronto, Vancouver and Montreal in 2022, creating new benchmarks for prices and sales, Sotheby’s International Realty Canada said in a report out this morning. Calgary was the one outlier.
Slow sales, hard scrabble in Ontario real estate
The real estate market in Toronto, Ottawa and many Ontario cities is off to a slow start in January with thin inventory, jittery buyers and Bay Street predicting another interest-rate hike.
Some brokers fear a wave of panic homebuying
Some brokers say tighter lending requirements proposed by the Office of the Superintendent of Financial Institutions (OSFI) could create a “panic” as buyers move off the sidelines before mortgages become harder to get.
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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