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50-storey condo proposed for Toronto's Yonge and St. Clair
50-storey condo proposed for Toronto's Yonge and St. Clair
Cameron Stephens Equity Capital, Originate Developments and Westdale Properties have partnered on their third planned high-rise condominium in Toronto with the acquisition of a vacant property on Yonge Street south of St. Clair Avenue.
Canada needs industrial strategy to build 2M rental homes
Canada’s housing situation is a crisis that requires decisive federal government action to spur affordable rental housing creation, along with buy-in from both non-profit organizations and for-profit developers, a report from the industry-based National Housing Accord states.
Nexus snaps up $100M in London, St. Thomas CRE
Nexus Industrial REIT (NXR-UN-T) has taken a nearly $100-million stake in London and St. Thomas. The REIT has made three buys of CRE, one of which is for a St. Thomas manufacturer to undergo a 70,000-square-foot expansion.
 | CRE Matters White-hot Metro Vancouver industrial market starts to cool, but new space still neededSusan ThompsonAssociate Director of Research, Colliers Vancouver |
Northview closes recapitalization, $742M in acquisitions
Northview Residential REIT (NHF-UN-T) today announced it had completed its unitholder approved recapitalization transaction, including the acquisition of three multiresidential portfolios comprising 20 properties for an aggregate purchase price of approximately $742 million.
Number of B.C. properties lost to wildfire 'significant'
The number of Kelowna-area properties lost or damaged to wildfire is not yet known, with officials saying only that the destruction has been “significant.” The historic Lake Okanagan Resort is gone and 10,000 residents have been ordered out.
Kelowna council pulls permit for 25-storey tower
Developer Appelt Properties is threatening legal action against the City of Kelowna after council revoked a variance permit for Muse, a 25-storey tower in the heart of downtown over what a city staff report has called a "tainted process."
Halifax sues developer over taxes in Mic Mac Mall sale
The Halifax Regional Municipality is taking developer Rank Inc. to court over what it says are unpaid taxes on the sale of the Mic Mac Mall, looking for clarity on when companies must pay up.
Murky short-term prospects for CRE: Morguard
With rising costs due to inflation and higher interest rates and changes to the CRE investment landscape that the pandemic caused, some are a bit wary about the future, including Keith Reading, senior director, research at Morguard Corp.
BMO senior economist prefers dividends over real estate
BMO senior economist Robert Kavcic continued to bang the drum for equity dividend and fixed income investment over real estate in a Thursday research report in which he argued dividend stocks are superior to income properties as investments.
Manitoba leads W. Canada in year-to-date building investment
Manitoba led Western Canada in building investment, with seven per cent growth in the first six months of 2023 versus a year earlier, according to Statistics Canada. Residential and non-residential construction investment totalled $2.6 billion.
Rio Tinto plans largest solar farm in Canada's North
Rio Tinto (RIO-N) plans to build the largest solar power plant across Canada’s territories at its Yellowknife Diavik diamond mine, featuring over 6,600 bifacial panels generating over 4,200 megawatt-hours of electricity annually.
Yellow agrees to sell real estate to rival for $1.3B
Estes Express Lines has agreed to acquire the real estate of bankrupt trucking company Yellow for at least $1.3 billion. The portfolio includes more than 160 truck terminals, a kind of property that is rarely traded.
America’s largest hospital landlord's losses mount
Medical Properties Trust, the largest hospital landlord in the U.S., is coming under additional scrutiny after running into regulatory hurdles over a deal it previously said had closed. California regulators temporarily blocked a deal between MPT and Prospect Medical Holdings.
SL Green takes over Madison Avenue office tower
SL Green has successfully taken full control at 625 Madison Ave. after it won a foreclosure auction. The Manhattan-based REIT had ground-leased the building from Ashkenazy Acquisition Corp., which had fallen behind on loan payments, triggering a UCC foreclosure proceeding.
WeWork to conduct one-for-40 reverse stock split
WeWork (WE-N) said on Friday it would proceed with a one-for-40 reverse stock split to regain compliance with listing requirements, days after the flexible workspace provider raised “substantial doubt” over its ability to continue operations.
Residential construction investment falls again in June
For the fourth straight month, investment in Canadian residential construction declined in June, dropping by 4.5 per cent from May to settle at $12.1 billion, according to data released Friday by Statistics Canada.
BC Builds land bank to create more affordable housing
ANALYSIS: B.C. is putting together a “land bank” that will consist of public land to be used towards the creation of affordable housing. Housing Minister Ravi Kahlon said he expects BC Builds to be launched early next year.
Anti-renoviction bylaw taking shape in Hamilton
Hamilton is looking at new rules designed to stop renovictions — the first bylaw of its kind in Ontario, staff say. The proposal comes as the city has seen a 983% increase in notices issued to tenants between 2017 and 2022.
Milton's rental woes rival those of Toronto
Milton, a growing town on the western outskirts of the GTA, is the kind of place an outsider might imagine as a refuge from the affordability crisis that rages in Toronto. Instead, it's a town grappling with severely limited rentals.
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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