PC Urban launches IntraUrban build, mulls spinoff

RENX  Commercial  •  Industrial  •  Metro Vancouver

PC Urban‘s industrial strata brand IntraUrban is so successful it’s considering creating a separate company. “I think the following has been so strong that a case could be made for having a standalone development company,” CEO Brent Sawchyn told RENX.

Sooke, B.C., industrial park welcomes pot growers

Commercial  •  Western Investor

Victoria’s small-batch cannabis growers will be able to get a head start in the business. The Sooke Industrial Park‘s owners have carved out nearly a third of the land to establish buildings to house micro-cultivators and a production facility.

Denver project driven by Canadian developer

Residential, Commercial  •  Daily Commercial News

About two decades ago, Canadian developer Rhys Duggan happened to be driving around downtown Denver when he spotted a prime riverfront site occupied by an amusement park — Elitch Gardens. Duggan was immediately struck by the similarities with B.C.’s Expo 86 site.

Montreal’s O Mile-Ex sold to Spear Street Capital

RENX  Commercial  •  Office, Technology  •  International, Greater Montreal

UPDATED: One of the most significant tech hubs in Montreal, the recently redeveloped O Mile-Ex complex, has been sold by the partners who redeveloped the property to San Francisco-based Spear Street Capital. Financial terms were not disclosed.

Feds investing $1B in GTA transit

Commercial  •  CBC

The federal government is kicking in $1 billion for two major transit projects in the GTA, including an effort to relieve congestion at one of Toronto’s most challenging public transit bottlenecks: Bloor-Yonge station.

Toronto landlords appeal short-term rental rules

Residential  •  Toronto Star  •  Toronto Star

Toronto’s regulations for short-term rentals advertised on platforms such as Airbnb, Kijiji, FlipKey, HomeAway and VRBO have been sidelined by an appeal by short-term landlords that is set to begin Monday at the Local Planning Appeal Tribunal (LPAT).

The Apartment Building Expert › The battle between wood and concrete construction

Derek Lobo: Founder and CEO , SVN Rock Advisors Inc.

Retail rebounds on Raptors’ championship run

Commercial  •  Financial Post

Canadians hunting for Raptor gear to celebrate their team’s resounding victory in The National Basketball Association finals helped perk up retail sales in an otherwise lacklustre June, according to Statistics Canada.

Chinatown bends for newcomers, gentrification

Residential, Commercial  •  Toronto Star

As Tonny Louie strolls along Spadina Avenue, the fixture of Toronto’s Chinatown points out the buildings where the community’s landmarks once stood. Although Chinatown is still dotted with many Chinese signs, the neighbourhood has become more mixed than ever.

Biz owners miffed at new Granville Island council

Commercial  •  Business In Vancouver

A day after Canada Mortgage and Housing Corp. released the names of people selected to sit on the new and influential Granville Island Council, the knives have come out from entrepreneurs on the island.

Ottawa’s LRT to open on Sept. 14

Commercial  •  Ottawa Business Journal  •  CBC  •  CBC

Nearly 15 months after the Confederation Line was originally slated to be carrying passengers, Mayor Jim Watson made it official Friday: the east-west LRT route will be ready to roll on Saturday, Sept. 14.

REIT second-quarter financial results

Commercial  • 

Fronsac REIT, (FRO-UN-X), Globe Newswire

Lanesborough REIT, (LRT-UN-X), Canada Newswire

Editorial: The huge cost of ‘free’ highway system

Commercial  •  Globe and Mail  •  Globe and Mail

In the Annex neighbourhood of Toronto, there’s a museum dedicated to the not-so-ancient history of how public infrastructure used to be built, and who paid for it. At the intersection of Bathurst Street and Davenport Avenue sits the Tollkeeper’s Cottage.

Indian office defying real estate slowdown

Commercial  •  livemint

A multi-national bidding war for ownership of the iconic 10-storey Citi Centre building in the heart of Mumbai’s prime business district, the Bandra Kurla Complex (BKC), played out for four months far away from public glare.

Goodman going ahead with $1B Hong Kong projects

Commercial  •  IPE Real Assets

Despite ongoing political protests and disruptions in Hong Kong, Sydney-based Goodman is going ahead with a second US$1 billion warehouse project in the city within the next seven months.

Canada’s highest-priced condo lists for $38.8M

Residential  •  Western Investor

The most expensive condo for sale on Canada’s MLS is a 6,670-square-foot unit in Vancouver’s Coal Harbour, listed at $38.888 million, or $5,319 per square foot. Among homes listed, it is second only to a $59 million chateau-style estate in Oakville..

Toronto single-family home sales jump 136% YOY

Residential  •  Toronto Star  •  Globe Newswire

Regulations designed to cool off the real estate market took their toll on new home sales in the GTA last year, but things are starting to look up again, according to new Building Industry and Land Development Association (BILD) data.

Buying in P.E.I. increasingly ‘cutthroat’ as prices rise

Residential  •  CBC

Sarah Dennis and Tristan Gray’s kitchen in Charlottetown is feeling cramped. Though they know they could sell their downtown home in a matter of days, alternatives are hard to find; prices have skyrocketed since they bought the property in 2017.

Low inventory fuels sellers’ market in Halifax

Residential  •  CBC

The night before Jan and Mary Ellen Rainey listed their two-storey Halifax house, the couple almost got cold feet. But just a few days later, they had five offers for the house in the desirable Quinpool Road area.

Calgary real estate is picking up: Report

Residential  •  Calgary Herald

Calgary is becoming a sellers’ market, a recent study suggests. Zoocasa examined July Multiple Listing Service data and found half of Calgary’s eight districts for single-detached homes modestly favour sellers. These are the north, northwest, south and southwest areas.