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Apartment rents hit new record high, but growth moderates
Apartment rents hit new record high, but growth moderates
Yardi’s new Canadian National Multifamily Report says fundamental metrics such as rent growth and vacancy have moderated from peak levels, but remain robust by long-term standards. In-place rents, however, have hit a new nationwide record high.
36-year-old Connor Teskey pegged as next Brookfield CEO
Brookfield CEO Bruce Flatt has seemingly chosen his successor in 36-year-old Connor Teskey, who skyrocketed through the ranks since joining the Toronto-based asset management titan in 2012. Teskey could be the only Fortune 500 company CEO under 40.
Strong 68.5% rebound in commercial permits: OCS
An economic report by the Ontario Construction Secretariat revealed total non-residential permit value rose by 34.7 per cent from April to May and 27.9 per cent year-over-year, propelled by significant rebound in the commercial sector value, up 68.5 per cent.
 | CRE Data Deep Dive Tackling the housing shortage: Lessons from the NetherlandsSarah SegalCEO and co-founder, simplydbs |
BoC expected to cut interest rate again on Wednesday
The Bank of Canada is expected to deliver a second dose of interest-rate relief Wednesday, as inflation moderates and economic growth remains sluggish. The central bank lowered its policy rate to 4.75 per cent from five per cent last month.
Long-delayed office space in Calgary switching to residential
The owner of a seven-hectare site in Quarry Park has a new plan for its future. Construction started on the site a decade ago with several office buildings approved for a single client. However, construction was halted in 2015.
Crombie, Sobeys file plan for 6-storey Beaches development
Crombie REIT (CRR-UN-T) and Sobeys Capital have filed plans to bring a six-storey mixed-used building with 60 residential units to a site in Toronto's Beaches neighbourhood. The development would replace a two-storey mixed-use building occupied by a Foodland grocery.
Sleep Country selling to Fairfax Financial Holdings for $1.7B
Sleep Country Canada Holdings has agreed to be sold to Fairfax Financial Holdings for around $1.7 billion. The deal would see all issued and outstanding common shares of Sleep Country acquired for $35 per share.
New mixed-use tower added at University of Manitoba
Campus Suites’ eight-year vision for student housing in Winnipeg will finally come to fruition this summer. The Toronto-based developer is putting the finishing touches on Align, its second mixed-use building across from the University of Manitoba’s Fort Garry campus.
Capital Developments’ Yorkville Flatiron condos break ground
It’s been just 10 months since Capital Developments launched Park Road: a 27-storey flatiron tower coming to Toronto’s Yorkville. Glossy and slender, with a curved south-side facade, the Diamond Schmitt-designed development is set to respond to its triangular-shaped lot.
How First Nations became Canada's biggest RE developers
Over the past two years, the largest Indigenous-led housing project in Canadian history has been taking shape on a 10.5-acre site near downtown Vancouver. Spearheaded by the Squamish Nation, the Sen̓áḵw village features 6,000 rental units across 11 towers.
Cities try to balance iconic views with building more housing
From strategic points, tourists and residents have had the carefully protected ability to see sweeping vistas like Quebec City’s skyline or Toronto's City Hall. But those city-defining views are in question as planners and politicians struggle squeeze in new development.
Toronto on the cusp of a major modular housing transition
Toronto is taking concrete action to accelerate modular and rapid-build construction of housing. Within a few months, the municipality will have an expanded roster of pre-qualified vendors which can quickly build and be accessed and used by all Ontario municipalities.
TO's ‘most flood vulnerable’ neighbourhood waits for change
The frustration in the Rockcliffe-Smythe neighbourhood is palpable. Before last week's flood, residents close to Black Creek knew, for the most part, that flooding was a risk and many did their best to prepare.
Tenants want A/C fixed before developer allowed rezoning
Tenants in two older Vancouver rental buildings are asking the city to force the developer to fix ventilation and heating problems at their properties before being granted a rezoning to build another building.
Housing construction in Montreal comes back to life
COLUMN - I am amazed by this every day. How can residential construction be considered so weak when you see the hundreds of homes being built around the Laval metro stations, near my home?
Elliott-backed lender wants to finance $3B-$5B in housing
Elliott Investment Management and private lending veteran Robert Wasmund have partnered to grow a new financing source for residential developments ranging from single-family homes to multifamily projects, called Ascent Developer Solutions or Ascent DS.
LVMH’s L Catterton buys malls stake in £1.5 billion deal
L Catterton, the private equity firm backed by French fashion house LVMH Moet Hennessy Louis Vuitton, has agreed to buy Hammerson Plc’s stake in outlet mall landlord Value Retail in a deal representing an enterprise value of £1.5 billion.
Assessing the severe downturn in China’s real estate sector
China’s real estate market is in a deep downturn, with housing prices nearly matching 2015 lows. At the end of April, the country had completed and unsold properties covering 391 million square metres, equivalent in size to 6.6 Manhattans.
India's CRE sector: Outperforming in a global downturn
India’s commercial real estate market has demonstrated remarkable resilience and growth, attracting $5.4 billion in investments, the strongest performance since 2020. The office sector in India has been particularly vibrant, drawing over $3 billion in investments.
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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