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Lifetime, DiamondCorp JV on 60-storey Toronto Q Tower
Lifetime, DiamondCorp JV on 60-storey Toronto Q Tower
Lifetime Developments and DiamondCorp will replace an eight-storey parking structure with a 60-storey condominium called Q Tower at 200 Queens Quay W. on Toronto’s Harbourfront.
Greyspring acquires 180-unit 335 Deguire Blvd. in Montreal
Greyspring Apartments furthered its presence in the Montreal apartment market with the acquisition of an 11-storey, 180-unit concrete building at 335 Deguire Blvd. in Montreal.
Ont. reverses latest Greenbelt development proposal
The Ontario government is backtracking on its latest proposed incursion into the Greenbelt, reversing a plan to allow development in an area northwest of Toronto amid increasing scrutiny, including a police review, of carveouts from different parts of the area.
Edward Jones moves into downtown cores
Largely recognized for its suburban banner ads and strip mall locations, independent wealth manager Edward Jones Canada has been slowly pivoting its business to bring multi-adviser teams into downtown office buildings - nearly doubling its assets in the past five years.
Apartment REITs see higher revenues amid tight rental market
Calgary-based Boardwalk Real Estate Investment Trust (BEI-UN-T) is among Canadian REITs posting higher year-over-year revenues amid a stubbornly tight rental market. In the first half of 2023, the trust saw its same-property net operating income grow 13 per cent year-over-year.
Core proposes 31-storey mixed-use in downtown Hamilton
Core Development Group has proposed a 31-storey mixed-use tower at 73 Hughson St. N. in Hamilton's central Beasley neighbourhood. The mcCallumSather-designed tower would include 380 residential units and two retail units.
Cloverdale Paint expands B.C. operations
Cloverdale Paint Inc, North America's largest privately owned paint and coatings manufacturer, announced upgrades to its Surrey manufacturing plant and the establishment of a 60,000-square-foot high-bay distribution facility and warehouse in North Surrey.
Ont. greenhouse operators look to the U.S.
“The investment into agriculture is going to happen, whether or not we have the infrastructure here,” said Richard Lee, executive director of the Ontario Greenhouse Vegetable Growers. “If we don’t, it will go south of the border.”
Clément opens new babies and kids store in Ottawa
The Boutiques Clément Quebec brand is opening its 30th clothing, shoes, accessories and furniture store for babies and kids. At 19,000 square feet, the Bayshore Shopping Centre location will be its largest in Ontario.
IKEA opens store at Scarborough Town Centre
Scarborough residents can now shop in-store at IKEA’s newest location at Scarborough Town Centre. The 80,611-square-foot location is the second small store the company has introduced since opening its downtown Toronto location last year.
Metro opens new store in Niagara Falls
Metro (MRU-T) has opened a new store in Niagara Falls. The 44,000 square-foot location is the banner’s 131st store in Ontario. Metro has hired a team of 130 employees for the location.
Lafarge completes ECOCycle cement recycling pilot
Lafarge Canada Inc. has completed the initial phase of its ECOCycle pilot project – integrating demolition waste into cement production at its St. Constant plant near Montreal. The pilot was undertaken in collaboration with fellow Holcim Group subsidiary Geocycle.
Kimco to acquire RPT Realty in $2B all-stock deal
Kimco Realty (KIM-N) said on Monday it would buy RPT Realty (RPT-N) in an all-stock transaction valued at about $2 billion. RPT Realty shareholders will receive 0.6049 of a newly issued Kimco stock for each share held.
Blackstone sells stake in Bellagio, valued at $5.1B
Blackstone inked a deal to sell its 22% stake in Bellagio for $300 million to Realty Income, which values the Las Vegas asset at $5.1B. BREIT acquired its interest in the Bellagio in 2019 from MGM Resorts.
Vice Media to move out of Brooklyn offices
Vice Media, the one-time new media darling that declared bankruptcy three months ago, is moving out of its Brooklyn offices as the company looks to save on real estate costs after a restructuring.
Evergrande loses US$2B in value as trade resumes
China Evergrande Group (EGRNF) lost $2.2 billion, or 79 per cent of its market value, on Monday after its shares resumed trading in a crucial step for the world’s most indebted property firm to restructure its offshore debt.
Shuswap residents to be notified about properties
Residents of the Shuswap region in British Columbia’s Interior will learn about the condition of properties affected by a devastating wildfire starting Monday. The estimated number of properties destroyed just over a week ago is unchanged at 131.
The federal government can lead on housing
OPINION: When PM Justin Trudeau told a news conference this month that “housing isn’t a primary federal responsibility,” it was baffling to anyone who understood the crucial role that the most senior level of government plays in the housing system.
GTA preconstruction market seeing more distressed buyers
Cracks are starting to show in Toronto’s preconstruction housing market, as financial pressures not only stall future projects but some industry experts are also seeing an uptick in purchasers putting their properties up for sale.
Chow ups affordable housing target by 25,000 homes
Toronto Mayor Olivia Chow presented what she called a “first step” in her bid to build 25,000 more affordable rental homes in Toronto, on top of those already planned for the city.
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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