Concert’s CREC fund buys Mississauga office bldg.

RENX  Commercial  •  Office  •  Toronto / GTA

Concert’s CREC Commercial Fund LP has acquired a second boutique-type office property in a Greater Toronto Area west submarket in Mississauga. The fund now owns the 99,828-square-foot, four-storey 6750 Century Ave. property in Meadowvale.

Dealpath opens T.O. office to expand Cdn. client base

RENX  Commercial  •  Technology  •  National, Toronto / GTA

Dealpath, a cloud-based real estate investment management platform, has added a Toronto office to its existing dual headquarters in New York City and San Francisco.

BTB acquires Edmonton industrial property for $12.95M

Commercial  •  Canada Newswire  •  RENX

BTB Real Estate Investment Trust (BTB-UN-T) announced the acquisition of an industrial property at 3905 Allard Ave. in Edmonton for $12.95 million. Built in 2011, the 51,747-square-foot property is fully leased to H.E. Parts International, a subsidiary of Hitachi Construction Machinery.

Vancouver sets precedent for building carbon targets

Residential, Commercial  •  Sustainable Biz Canada

The City of Vancouver’s regulations to slash embodied emissions from new construction are some of the most stringent in North America, according to a consultant who works with developers to deliver climate-smart construction.

TAS’ The Hampton rises to final 38-storey height

Residential  •  Urban Toronto

TAS‘ The Hampton at 89 and 101 Roehampton Ave. in Toronto’s Midtown area has risen to its final height of 38 storeys. The BDP Quadrangle-designed tower will include 255 rental units,

Trolleybus proposes 26-storey residential tower

Residential  •  Urban Toronto

Trolleybus Urban Development proposes a 26-storey tower at 9 Oxford Dr., a short walk from Mount Dennis Station. The SvN Architects and Planners-designed tower would include 278 residential units in a mix of studios, one-bedrooms, two-bedrooms and three-bedrooms.

Developers pitch new suburban Calgary communities

Residential  •  Calgary Herald

Brookfield Residential and other developers of proposed new suburban Calgary communities talked about the benefits of their business cases at a city committee meeting Monday, while others raised concerns over climate impacts and adequate resourcing for new homes.

Last Waterfront Drive property for sale in Winnipeg

Residential  •  Winnipeg Free Press

CentreVenture Development Corporation is accepting proposals for a 10,885-square-foot parcel of land on Waterfront Drive, the final developable property on the downtown Winnipeg roadway which has grown from an idea into a reputable neighbourhood over the past two decades.

Several REITs trading at attractive valuations: Analyst

Residential, Commercial  •  Bloomberg

VIDEO: Canaccord Genuity (CF-T) analyst Mark Rothschild discusses how rising rates are impacting the REITs sector. Although rising rates will have a negative impact on the sector, Rothschild‘s thinks there are a few names that are trading at attractive valuations.

Allied Properties provides a juicy income

Residential, Commercial  •  Motley Fool  •  Motley Fool  •  Motley Fool

Allied Properties REIT (AP-UN-T) is the preferred partner for office space rentals, as its occupancy is higher than the market’s occupancy rate in every city it serves. A Canadian dividend aristocrat, its five-year cash distribution-growth rate is 2.5 per cent.

Real World of Real Estate › Podcast: Effective real estate marketing with Talk Shop Media

Gerald Tostowaryk:

Largest construction project starts

Residential, Commercial  •  Daily Commercial News

GRAPH: Canada’s top 10 construction projects in May:

$1.75B deal for NYC apartment portfolio

Commercial  •  Bisnow

Black Spruce Management and Orbach Affordable Housing Solutions have agreed to buy six Manhattan rental properties for $1.75 billion, the largest price in a New York apartment deal since the pandemic began.

GLPI to acquire Bally’s Rhode Island assets for $1B

Commercial  •  Globe Newswire

Gaming and Leisure Properties, Inc. (GLPI-Q) has entered into a binding term sheet to acquire Bally’s Corporation’s (BALY-N) two Rhode Island casino properties – Bally’s Twin River Lincoln Casino Resort and Bally’s Tiverton Casino & Hotel – for $1 billion.

Cabot acquires Castle Stuart golf resort

Commercial  •  TSN  •  Canada Newswire

Cabot, the developer and operator of master-planned golf resort communities, announces the acquisition of Castle Stuart in the Scottish Highlands. The iconic property is soon to be known as Cabot Highlands.

Demand for U.S. office space stays at 2/3 of pre-COVID

Commercial  •  Business Wire

New demand for U.S. office space continued to plateau in May, marking the eighth consecutive month where demand for office space remained between half and two-thirds of the pre-pandemic rate, according to the VTS Office Demand Index.

OFSI beefs up rules for some types of home loans

Residential  •  CBC  •  Financial Post  •  Canada Newswire

The Office of the Superintendent of Financial Institutions (OSFI) is changing the rules that cover shared equity mortgages, reverse mortgages and conventional mortgages paired with revolving credit lines to ensure lenders and borrowers can meet their obligations.

B.C. sees record-low mortgages in arrears

Residential  •  Western Investor  •  Financial Post

Despite fears of rising interest rates and worsening affordability in the residential market, statistics from the Canadian Bankers Association indicates that mortgages in arrears are on the decrease in B.C.

Ontario homebuyers holding out for a price cut

Residential  •  Globe and Mail (Sub. required)  •  Globe and Mail

The stalemate that is taking hold in the Ontario real estate market right now arises from a belief that is becoming more entrenched each month: buyers reckon prices have farther to fall.

Ontario group files complaints against LTB

Residential  •  Globe and Mail

Legal clinics that support renters have banded together to file human rights complaints against Ontario’s Landlord and Tenant Board (LBT) alleging its “digital first” strategy has discriminated against tenants based on age, family status and disability.