Wexford buys Victoria dev. site, plans mid-rise apts.

RENX  Residential  •  Apartments  •  British Columbia

Wexford Developments has closed on a 36,000-square-foot property near Victoria’s West Bay Marina on which it proposes a 105-unit apartment building. The site marks the Calgary firm’s entry into the Greater Victoria market, but it won’t be its last.

Lanterra launches Natasha, keeps hectic GTA development pace

RENX  Residential  •  Office, Retail, Condominiums  •  Toronto / GTA

Lanterra Developments will launch sales of a 47-storey, 436-unit downtown Toronto condominium, Natasha The Residences, in September as it keeps up a steady pace of developments in the city.

Concord’s 68- 79-storey towers rising in CityPlace

Residential  •  NOW Magazine  •  RENX  •  RENX

Vancouver-based Concord Pacific‘s Canada House condo project features 68- and 79-storey CityPlace towers rising right next to Toronto’s CN Tower and Rogers Centre. The towers feature illuminated, 30-storey maple leaves on their facades that will be visible from all directions.

Historic Toronto foundry site to be partially saved

Residential  •  CBC  •  Urban Toronto  •  Now Magazine

The Dominion Wheel and Foundries Ltd. Manufacturing Complex, a historic Toronto property the Ontario government was seeking to demolish to make way for a housing development will be partially saved under an agreement reached between the city and the province.

Edmonton denies Regency’s bid to enlarge mixed-use

Residential, Commercial  •  CBC  •  RENX

Regency Developments’ mixed-use development may be on hold after Edmonton council denied an application to add 250 units to Holyrood Gardens, which would have increased the total to 1,450 units from the 1,200 approved in 2018. Administration supported the revised application.

Trolleybus, Marlin Spring propose 28-storey high-rise

Residential  •  Urban Toronto

Trolleybus Urban Development and Marlin Spring have proposed a 28-storey Giannone Petricone Associates-designed tower in Toronto’s Junction Triangle neighbourhood. The building would contains 310 residential units, including seven live-work units on the ground floor.

Real Estate with Howard Drukarsh › Podcast: Howard Drukarsh with Kristen Duern

Howard Drukarsh: Co-founder, Right at Home Realty

700-acre Second World War airbase listed for $15M

Residential, Commercial  •  Toronto Star

Tucked away in Picton, Prince Edward County’s largest community, sits nearly 700 acres of history — history that can be bought for the price of nearly $15 million. The property is formerly known as Camp Picton, a Second World War airbase.

North’s largest landlord’s tenants share grievances

Residential  •  CBC: Part II  •  CBC: Part I

The Landlord’s Game, Part II: Maybe four years is how long Verna Beaulieu said the glass has been broken in the window next to her son’s bed at her home in Yellowknife’s Dorset Apartments owned by Northview (NHF-UN-T).

Metro Van. industrial supply bogs down in red tape

Commercial  •  Western Investor

Demand for Metro Vancouver industrial space has skyrocketed, and regulators need to find ways to streamline the application process for more space to be built, according to Josh Gaglardi, principal at Surrey-based industrial/commercial construction firm Orion Construction.

Steel Creek has big plans for small-town hotels

Commercial  •  Winnipeg Free Press

Steel Creek Developers is doubling down on its strategy of building hotels with a big-city feel in small towns across the prairies, with projects at various stages in Manitoba’s Rivers, Niverville, Souris, Austin, Carman and Stonewall and in Grenfell, Sask.

REIT/REOC second-quarter financial results

Residential, Commercial  • 

Canadian Net REIT, (NET-UN-X), Globe Newswire
Kadestone Capital Corp., (KDSX-X), Canada Newswire
Parkit Enterprise Inc., (PKT-X), Stockhouse

City Office selling S.D. life science portfolio for $576M

Commercial  •  PR Newswire  •  Investors Observer  •  Forbes

City Office REIT (CIO-N) announced it has entered into definitive agreements to sell all of its holdings in the Sorrento Mesa submarket of San Diego for $576 million. The transactions are expected to generate net proceeds of approximately $546 million.

Oxford Street to get $3.5B worth of new offices

Commercial  •  Bisnow

A half-mile stretch of Oxford Street will see more than one million square feet of new office space with a potential end value of more than $3.5 billion built in the space of the next few years, thanks to department stores.

Home Depot misses estimates for U.S. same-store sales

Commercial  •  Globe and Mail  •  Canada Newswire

Home Depot Inc. (HD-N) fell short of U.S. same-store sales estimates for the first time in nearly two years, as pandemic do-it-yourself projects tapered off, sending shares of the retailer down three per cent in premarket trade.

Lowe’s forecasts higher full-year sales

Commercial  •  Globe and Mail  •  Toronto Star

Lowe’s Cos Inc. (LOW-N) forecast full-year sales above estimates on Wednesday, as higher spending on big-ticket items offsets some of the slowdown in demand from the company’s core do-it-yourself (DIY) customers.

Mortgage debt rose record $99.6B amid pandemic

Residential  •  Toronto Star

Statistics Canada says households paid down a record amount of non-mortgage debt in the first year of the pandemic as mortgage debt climbed by even more. Non-mortgage debt fell by $20.6 billion, but mortgage debt rose by a record $99.6 billion.

Greybrook, Marlin plan 380-unit T.O. mid-rise

Residential  •  Globe Newswire  •  RENX

Greybrook Realty Partners announced the closing of an equity investment of $20,000,000 to acquire land at 2237, 2255, and 2283 St. Clair Ave. W. in Toronto. Greybrook and Marlin Spring plan a mid-rise condominium residence comprised of two connected buildings consisting of over 380 units.

Edm. infill developers challenge proposed permit fees

Residential  •  Edmonton Journal

Edmonton’s infill community is fighting back against proposed permit costs as part of the city’s plan to protect trees on public land during construction projects. The proposal could result in an associated cost of up to $300 per permit.

Increase in Canadian rents expected to continue: Rentals.ca

Residential  •  Global News

Rentals.ca content director Paul Danison anticipates national rents will continue to rise as demand increases, as the Canada-U.S. border re-opens and as students return to schools, among other things, adding people are more ready to move right now.