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Groupe HD buys second ex-auto dealer site to redevelop
Groupe HD buys second ex-auto dealer site to redevelop
In what is becoming a growing trend, Groupe HD and Fondaction have acquired a former Volkswagen automotive dealership in Greater Montreal where they plan to build a 155-unit purpose-built rental apartment project.
Qualico grows land base for Edmonton mixed-use community
Winnipeg-based Qualico Developments has acquired 340 acres in northeast Edmonton from Walton Global. Known as Duggan Ranch, the site is designated for over 1,700 single-family homes and 24 acres of commercial and multifamily development under the Marquis area master plan.
5 historic London bldgs. could become multi-storey devs.
Five properties are recommended by city staff to be removed from the heritage registry during today’s meeting of city council’s planning committee, meaning they could be destined for the wrecking ball in order to build anew.
 | CRE Data Deep Dive Student housing and youth mental health: There's a strong correlationSarah SegalCEO and co-founder, simplydbs |
Ottawa committee to vote on 2-building multifamily proposal
Ottawa’s planning and housing committee is slated to vote on a proposal from Theia Partners and Ontario Aboriginal Housing Services that would see more than 200 new housing units built near the future Sherbourne LRT station.
RIV rises to 37 storeys in exchange for community benefits
Toronto's committee of adjustment has approved a minor variance application regarding a residential tower project by Broccolini immediately east of Regent Park. Dubbed The RIV, the approval bumps the proposed building up from 34 to 37 storeys.
IQ Condos Phase 3 advances in Etobicoke
The long-awaited Phase 3 of a Remington Group project in Etobicoke follows previous phases completed pre-pandemic. The latest submission for three towers spanning 18 to 42 storeys, tweaks the proposal as the developer readies to bring it to market.
New 50-plus condo complex ready to open in Winnipeg
Jim Gauthier, chairman of Gauthier Automotive Group, has revved up another housing endeavour in Winnipeg. The seven-story, 123-unit condominium complex called Prestige is exclusive to those 50 years and older.
Feds free up public lands to tackle housing shortage
The Canadian government identified 56 federal properties, representing the size of about 2,000 hockey rinks, where hundreds of new affordable homes could be built to counter the scarcity of available land. Five properties are already available for long-term leasing.
Railways work to resume full service after binding arbitration
Canada’s railways are working to resume full service after a labour board imposed binding arbitration and ordered thousands of rail employees back to work, ending a conflict that crippled the country’s supply chains.
7-Eleven to open 3 licensed lounges in Calgary, 20 in Alta.
Calgary tipplers will be able to get more than a Big Gulp at 7-Eleven convenience stores when the chain opens three locations with licensed dining areas in stores. The company will expand to 20 licensed stores in Alberta.
Longtime Vancouver fabric store Dressew calls it quits
A longtime Vancouver business will be moving out of its location and on to greener pastures. On Saturday, a mass email was sent stating Dressew Supply Co. would be closing its West Hastings Street store and two warehouses.
Warning of rising dirty money in Canadian real estate
Canadian real estate is increasingly being used to launder dirty money, according to the Financial Transactions and Reports Analysis Centre (FINTRAC). FINTRAC issued an operational alert urging caution over suspicious activities in the real estate sector.
Real estate podcasts
Kalen Anderson, UDI Edmonton Metro: Balancing Growth and Affordability: Exploring Edmonton’s Development Landscape, CRE Podcast
Glenn Mueller, Cycle Monitor: What’s next for commercial real estate? The Weekly Take
Craig Beattie, Perimeter Development Corp.: How Adaptive Reuse Is Shaping Southwest Ontario, CRE Podcast
Terra Firma announces 6 U.S. land banking investments
Terra Firma Capital Corporation has announced six new land banking investments in the U.S., totalling close to C$94 million. These Investments are located in Arizona, Texas, Washington D.C., Tennessee and South Carolina.
Dermody raises $1 billion for industrial fund
Dermody Properties has closed its fourth commingled fund, Dermody Properties Industrial Fund IV LP, securing a little over $1 billion US in commitments That virtually matches the amount raised by its previous vehicle.
Data centre construction in North America surges due to AI
The amount of data centre supply currently under construction in North America has jumped by 69 per cent compared to a year ago. Research released by CBRE Group finds under-construction activity in primary markets has dramatically increased.
Phoenix lands latest multibillion-dollar data centre
Novva Data Centers plans to build a 300 MW campus on 160 acres in Mesa, Ariz. The company will invest over $3 billion, in two phases, over the next decade. The campus is Novva’s first entry into Arizona.
NYC mayor directs agencies to cut city’s 550-property office footprint
Like many other office tenants, New York City is examining its portfolio and hunting for where it can slash space and save money. A Citywide Space Savings Task Force has been established as a “mayoral priority,” Politico reported.
Investors seeking U.S. office bargains are finding them
The office sales market is starting to churn again. It’s hardly a cause for celebration, given the prices. Many buildings are selling at a sharp discount to previous trading prices and, in some cases, the remaining debt on the building.
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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