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There's a whole new landscape for CRE financing: Oakbank
There's a whole new landscape for CRE financing: Oakbank
Commercial mortgage broker and capital advisory firm Oakbank Capital Group was instrumental in arranging a $148.8-million construction loan from KingSett Capital to Brixen Developments to push forward a new Mississauga condominium development.
 | Design, Policy and Canadian Cities Is Toronto 'maxed out' on development space? No...Naama BlonderArchitect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP |
Amazon to grow Toronto tech hub, open Van. North Tower
Amazon will be adding 79,000 square feet of space to its Toronto office by November and will open the North Tower of its Vancouver office in 2026, the company announced Thursday afternoon.
AHIP to sell 5 more U.S. properties to reduce debt
American Hotel Income Properties REIT (AHIP) has agreements to sell five additional hotels in the U.S. for $45.9 million (all figures US), as the Vancouver-headquartered company continues its efforts to lower its debt.
Investors showed ‘confidence’ in Canada’s CRE sector in Q2
Canada’s commercial real estate sector saw positive momentum in the second quarter of the year, according to a new report from Morguard, which notes further reductions in borrowing costs are expected to drive investor confidence.
Higher-yielding REITs may offer solid returns: CIBC analyst
A basket of higher-yielding REITS may offer marginally outsized total return possibilities between now and the end of the year, predicts CIBC REIT analyst Dean Wilkinson, based on a recent report from CIBC Portfolio Strategy Group.
Couche-Tard's 7-Eleven bid rejected as ‘grossly undervalued’
The Japanese parent of the 7-Eleven chain of convenience stores has rejected a bid from Alimentation Couche-Tard (ATD-T) saying the proposal, which would have been the largest foreign takeover of a Japanese business in history, grossly undervalues the company.
Stronachs resolve 5-year court battle over fortune
The Stronachs have resolved a bitter five-year court battle over alleged mismanagement of the family fortune. Announcing the settlement, the Stronach Group said Belinda Stronach will continue as chair, CEO and president of the company.
Sobeys plans seven-building project for Ottawa suburb
Grocery giant Sobeys is spearheading a mixed-use development that would see up to seven buildings - ranging from seven to 18 storeys - constructed on a prime parcel of land near a future LRT station in Orléans.
$132M committed to transform London hospital to housing
More than $132 million in funding for affordable housing in London was announced at city hall today – just blocks away from where that money will be put to good use for 370 affordable housing units.
Vive proposes 44-storey rental tower for Kitchener
Vive Development has proposed a 44-storey rental apartment building on the northeast corner of King Street West and Pine Street in the KW Hospital area of central Kitchener, near the Waterloo city limits.
Contrary to myth, Canada's large cities are packed
OPINION - In light of the prevailing mythology that Canada is "empty," it’s counter-intuitive to realize Canada’s cities are unusually crowded. And still unaffordable. The only urban region in North America with a higher density than Toronto is New York.
2 Toronto blocks vacant after expropriation, biz closures
Multiple long-standing businesses that once called Toronto’s Pape Village home were expropriated by Metrolinx last week to make way for the forthcoming Ontario Line, effectively transforming the lively residential area into a sea full of closing and final sale signs.
Province breaks ground on three Ontario Line stations
The Government of Ontario officially broke ground on King-Bathurst, Queen-Spadina and Moss Park Stations, marking another milestone in the construction the Ontario Line. The three stations are expected to serve a combined 17,000 commuters a day.
CHBA index finds builder sentiment still negative
The recently released Canadian Home Builders’ Association (CHBA) 2024 Q2 Housing Market Index found home builder sentiment is negative for the eighth consecutive quarter and is even lower than Q1 across key regions of the country.
Toronto condo sales plummet almost 15% on August data
The GTA’s condominium market can’t catch a break as sales and prices took a major hit in August, indicating the Bank of Canada’s two interest rate cuts in the summer had little impact.
Office finance freeze begins slow thaw
Financing office properties has become the greatest challenge of the post-pandemic marketplace. The sector has been hammered by a shift to a remote workstyle, the subsequent impacts on leasing and the steep rise of interest rates.
Silverstein may have tenant to launch final WTC tower
American Express and Silverstein Properties are working out a potential deal that could result in a new skyscraper at 2 World Trade Center, The Real Deal reported. Larry Silverstein has long planned the tower to complete his World Trade Center complex.
The plan for the world’s most ambitious skyscraper renovation
How do you make a 22-year-old skyscraper relevant to a post-Covid world of work and life? That’s the conundrum the owner of Canary Wharf’s 8 Canada Square in London, Qatar Investment Authority, faces as tenant HSBC Holdings is leaving.
Swimming ponds are status symbols for U.K.’s wealthy
Forget massive chlorinated swimming pools, the hottest status symbol among wealthy landowners in the U.K. is now natural swimming pools — or ponds, as you might call them. The purpose-built garden water features create a wild swimming experience at home.
Industry Events
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Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
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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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