LocationsRecent Articles
EllisDon to launch 4-tower Toronto Arcadia District condos
EllisDon to launch 4-tower Toronto Arcadia District condos
EllisDon Developments will launch sales for a four-building, mixed-use condominium community called Arcadia District in the Toronto suburb of Etobicoke in October. It's located at 56-60 Fieldway Rd., just south of Bloor Street West near the Kipling transit stations.
Menkes, Forgestone rework multi-tower proposal
Menkes and Forgestone Capital have resubmitted the proposal for their multi-tower project at 793 Don Mills Rd. The revised design by Sweeny &Co Architects would include 45-, 50-, 57- and 60-storey towers with 2,655 residential units in all.
Canderel looks to limit parking at Burnaby tower
Bryce Margetts, senior vice-president of Montreal-based Canderel, agrees with Burnaby's efforts to reduce parking minimum requirements. "The single-occupancy vehicle is going the way of the dodo bird," Margetts said. Canderel has an in-development tower project at Burnaby's 3965 North Rd.
Ownly, Logel Homes to offer online home selection, sales
Calgary multifamily homebuilder Logel Homes is partnering with e-commerce real estate platform Ownly in a venture they say could radically change the way people buy homes.
Allied REIT’s valuation 'appealing': Desjardins Securities
Following the disposition of its three-property downtown Toronto data centre portfolio, Desjardins Securities analyst Lorne Kalmer said Allied Properties REIT’s (AP-UN-T) valuation is “appealing” and its 8.7 per cent distribution yield “is attractive and remains well-covered.”
Slate Office completes $140M debt refinancing
Slate Office REIT (SOT-UN-T), an owner and operator of workplace real estate, announced it has successfully refinanced the mortgage loans on two of its Greater Toronto Area assets, totalling approximately $140 million.
Northwest Value Partners supports REIT's strategic review
Northwest Value Partners Inc., owned by Paul Dalla Lana, announced it highly supports the decision of Northwest Healthcare Properties REIT's (NWH-UN-T) board to establish a strategic review committee to investigate alternatives that could unlock future unitholder value.
N.S. floods caused $170M in insured damages
Historic flooding in Nova Scotia last month caused more than $170 million in insured damages, an initial estimate from Catastrophe Indices and Quantification Inc. shows. Severe thunderstorms in July dumped more than 250 millimetres of rain on the province.
Via upgrading four Canadian heritage stations
Via Rail Canada is spending $25 million on upgrades to the 248,000-square-foot, 112-year-old Union Station in Winnipeg, part of an $80-million program to renovate and upgrade its four Canadian heritage stations.
Caivan’s new Ottawa HQ maximizes wood use
Caivan's new 50,000-square-foot Ottawa headquarters features wood primarily, in an efficient, conservation-minded approach, reflecting the company’s approach to all its residential projects. Figurr Architects Collective designed the office for Caivan and its subsidiary organization the Advanced Building Innovation Company.
Real estate podcasts
Duanne Render, Gensler: Converting office to residential, The Construction Record
Gary Phillips, Eastdil Secured: NYC office market insights, Tenant Experience Network
Luigi Ferrara, Brookfield Sustainability Inst.: The problem with building more housing, The Decibel
Record leasing expanding data centre map
The first half of 2023 finished with record absorption across the North American data centre market, says a JLL report. This unprecedented leasing activity shows no signs of slowing, with almost all the new inventory already pre-leased or under agreement.
Foreclosure sale for unfinished $1B L.A. plaza on hold
A California Court of Appeal decision Friday put a temporary hold on the expected foreclosure sale of L.A.'s Oceanwide Plaza. EB-5 investors sought to force a foreclosure sale to get the more than $157M they were owed.
EQT pays $120M for Savannah industrial park
EQT Exeter has expanded its industrial portfolio with the acquisition of Southeast Gateway, a two-building, 1.2-million-square-foot business park in Savannah, Ga. Conor Commercial Real Estate, the development-focused arm of The McShane Cos., sold the property for $120.4 million.
European bond rally lifts utilities, real estate
The Stoxx Europe 600 closed 0.4% higher Thursday, paring an intraday gain of as much as 0.8%. Utilities and real estate were the best performers as bond yields fell across the region.
Universities' new dorms fall short of need
Post-secondary schools in Canada’s largest markets will add around 18,000 new beds in the coming years, a figure that is swamped by the sheer number of students trying to access housing.
Post-secondary students struggle to find housing
Halifax’s housing crisis and the rising cost of living is causing strain among post-secondary students returning to campus next month. Terra Carter, external vice-president of the King’s Student Union, said they are hearing “extreme” concerns from students about rentals.
Renewed calls to remove GST from rental housing
In recent months, there have been a number of renewed calls for the Government of Canada to remove its Goods and Services Tax (GST) on the cost of building secured purpose-built rental housing.
AMO panel outlines multiple hurdles to housing
The Ontario government continues to roll out legislation to spur the creation of housing but as delegates heard during a panel discussion at the recent Association of Municipalities of Ontario (AMO) conference, the hurdles remain high and wide.
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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