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Townline JVs with Nicola on Burquitlam's Meridian apartments
Townline JVs with Nicola on Burquitlam's Meridian apts.
Nicola Wealth Real Estate (NWRE) has entered into a 50/50 partnership with Townline on Meridian, a 37-storey rental tower under construction in West Coquitlam.
Phase 2 of 400-acre Winnipeg development nearly complete
Last year’s rains may have slowed Highland Pointe’s roll, but Phase 2 of Ladco's 400-acre nine-phase mixed-use development near Winnipeg's north perimeter is nearly complete. Highland Pointe will comprise 25 acres of multiresidential and 12 acres of commercial development.
Landrex, F.N. break ground on $170M Alberta mixed-use
Fort McKay First Nation and local developer Landrex have ceremoniously broken ground on a long-planned multi-use development in St. Albert, Alta. The development will comprise three new apartment buildings with 183 units and about 100,000 square feet of commercial space.
High construction costs stall Prairie office repurposing
High office vacancies on the Prairies seem set to continue as sharp increases in construction costs since 2019 stall efforts to repurpose obsolete space, according to a spate of mid-year office reports.
Vancouver defers increase to developer charges until 2024
Vancouver city council is deferring until September 2024 an 8.3 per cent increase to costs placed on developers, citing previous changes and an uncertain real estate environment. Development cost levies (DCLs) go towards supporting city amenities and infrastructure.
PropTech making it easier to buy or sell housing
OPINION: In recent years, technology has had a significant impact on the real estate market. Consumers today are more tech-savvy and as their expectations evolve, a digital-first approach to buying, selling or renting homes is becoming increasingly necessary.
T&T Supermarkets opening second Ottawa store
T&T Supermarkets is opening a new store in Kanata, its second store in Ottawa. The Asian grocery chain announced it will open a 38,000-square-foot store in the winter of 2024.
W. Canada’s first Hyatt Centric hotel to open in Wpg.
Western Canada’s first Hyatt Centric boutique hotel will open in the vacant six-storey building at 325 Broadway in Winnipeg. The site, which once housed Canada Revenue Agency offices, is undergoing a $38.6-million transformation into a 140-room hotel.
The Rose Corporation now leasing The Bakerfield
The Rose Corporation Thursday announced the launch of rental community The Bakerfield. Located in uptown Newmarket, the 216-unit Bakerfield offers diverse floorplans across 15 storeys with unit sizes ranging from one-bedroom to three-bedroom-plus-den, including two-storey suites.
REM first test for Caisse’s new infrastructure model
REM, Montreal’s biggest public transit project in more than half a century, is open. Now, the Caisse de dépôt et placement du Québec will have to prove it can continue to lure people out of their cars.
Canadian builders adopting sustainable proptech
The Canadian real estate industry is being pushed by regulations and trends toward more sustainable buildings, addressing embodied carbon and opportunities for affordable housing, according to a report from Sustainable Proptech.
Wyndham expands ECHO U.S. hotels, launches in Canada
Wyndham Hotels & Resorts (WH-N), which has approximately 9,100 hotels across more than 95 countries, announced 60 new hotels for its ECHO SuitesSM Extended Stay by Wyndham brand, including what will be the brand's first hotels in Canada.
Pain, from Canary Wharf to Mainhattan, has just begun
In London’s Canary Wharf, HSBC is exiting and Credit Suisse could soon follow. DekaBank has decided to leave its aging skyscraper in Frankfurt’s ensemble known as Mainhattan, while Paris’s La Defense is losing one tenant after another.
U.S. office space on track to shrink for first time on record
Less than five million square feet of new offices broke ground in the U.S. so far this year, while 14.7 million square feet has been removed, often to be converted into buildings for other uses.
U.S. CRE delinquencies rise another $12B In July
Nearly $12 billon of loans in U.S. commercial mortgage-backed securities (CMBS) became newly delinquent, pushing the late payment rate up by 34 basis points from June to 3.93%, a report by credit rating agency KBRA said on Wednesday.
ASHB now carries banner for smart connectivity
The Continental Automated Buildings Association (CABA) will now be known as the Association for Smarter Homes and Buildings (ASHB), but with a continued mandate to promote technologies for connectivity and more efficient commercial and residential building operations.
How Ontario cities are doing on new home targets
Nearly all cities in Ontario must dramatically pick up the pace if they hope to hit the targets set by Premier Doug Ford's government, the latest housing construction figures show.
Muskoka's settler families struggle to hold onto land
The fifth-generation Carr family owns over 100 acres in prime Ontario cottage country, including a stretch of pricey waterfront on Lake Rosseau. The taxman threatens to leave their kids with a bill they won’t possibly be able to pay.
Multimillion-dollar homes sign of Winnipeg’s changed market
Twenty-five homes have sold above $2 million in Winnipeg over the past 30-plus years, Winnipeg Regional Real Estate Board data shows. Of those, 19 were bought in the last five years.
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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