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Starlight acquires 2 Toronto apt. buildings from Oxford
Starlight acquires 2 Toronto apt. buildings from Oxford
Starlight Investments has closed on the acquisition of an institutional-quality, two-building Toronto multifamily portfolio, adding 618 rental suites at North York’s Forest Lane and Wyldewood apartments to its holdings.
Crombie to buy 100% interest in Vancouver's Zephyr towers
Crombie REIT says it has a binding agreement to acquire the remaining 50 per cent interest in Zephyr, a two-tower mixed-use residential and retail property in Vancouver, from its development and operating partner Westbank Corp. for $133 million.
FN development: Long horizons requiring rock-solid partners
A recent panel of First Nations developers highlighted the significant horizon of their real estate projects and their goal to optimize relationships with business partners who share the same vision, values and priorities.
Stripe opens Toronto office at 1 University Ave. tower
American-Irish payments company Stripe is growing its Toronto presence with the opening of a new office in the city. The space, which opened Sept. 26, is located at 1 University Ave. in the city’s downtown core.
Two 22-storey rental bldgs., grocery store set for Edmonton
A new grocery store is on the way for Edmonton and two 22-storey rental apartment buildings are set to begin construction next year at Mill Woods Town Centre. Developer Maclab Development Group is finalizing the permitting, costing and financing.
32-storey mixed-use dev proposed near future Fairbank LRT
Over 400 new units could be added to Toronto's Caledonia-Fairbank neighbourhood via a planned 32-storey mixed-use development from Clifton Blake Group. The developer submitted an official plan and zoning by-law amendment application that is pending review.
15-storey rental property planned for downtown Montreal
Omnia Technologies and Fiera Real Estate are pleased to announce another partnership, this time for the development of the Le Balt at 333 Blvd. René-Lévesque E. When completed, the project will offer 131 urban rental condos on 15 floors.
Emergia announces filing proposal to creditors
Emergia Inc. announced the company finds itself in a "dire financial situation", having accumulated debts with exorbitant interest rates. Management filed a proposal to creditors on Sept. 27 and is preparing a restructuring, recovery and repayment plan.
Economists see soft landing even without jumbo rate cuts
The Bank of Canada will be able to pull off a soft landing for the country’s economy without resorting to half-point interest rate cuts, analysts say. The central bank is predicted to keep lowering borrowing costs at quarter percentage-point increments.
Convenience stores look to become food destinations
Much has been made of 7-Eleven’s Japanese convenience stores where customers can buy foods including bento meals. 7-Eleven is far from alone in trying to sell more food, the trend is growing among convenience store retailers.
Food industry companies invest in former Quebec factory
Little is known about the District Lupel. However, this former Cascades factory is on its way to becoming one of the most important food hubs in Quebec. If not the most important, with its 360,000 square feet of surface area.
OHBA acquires EnerQuality to expand training mandate
The Ontario Home Builders’ Association (OHBA) has taken full ownership of energy efficiency certification company EnerQuality Corporation, a move aimed at expanding the association's increasing focus on training for its 4,000 member companies.
Quebecor pushes for debt discount as it seeks to buy Corus
Quebecor Inc. (QBR-B-T) is pushing lenders to take a haircut on loans to Corus Entertainment Inc. (CJR-B-T) in its attempt to acquire the media company’s national stable of television and radio stations.
Watchdog probes suspected CREA anti-competitive policies
The Competition Bureau is investigating if rules by Canada’s largest realtor industry group are pressuring home sellers to pay higher commissions to their real estate agents. Court filings reveal the federal watchdog launched an investigation in late June.
Toronto ranks 5th in the world for risks of RE bubble
Only Miami, Tokyo, Zurich and Los Angeles are running hotter than Toronto, according to a UBS report. During the heady housing boom, risks of real estate bubbles rose to record highs in cities around the world.
HOOPP targets Europe with London office launch
Healthcare of Ontario Pension Plan, which oversees $113B on behalf of members, has opened a temporary office close to Oxford Street, staffed by senior employees who have relocated from Ontario. It will move to an office near Piccadilly soon.
Brookdale Senior Living to buy 41 seniors' communities
Through a series of privately negotiated, off-market transactions, Brookdale Senior Living will acquire 41 U.S. seniors' communities (2,789 units) from three current triple-net lease portfolios for a combined purchase price of US$610 million.
Multifamily completions reach 50-year high, dropping rents
New multifamily buildings are popping up across the U.S., satiating demand that has sent rents soaring in recent years. Annualized multifamily completions as of August totaled 740,000 units, a 50-year high, according to a RealPage report.
Back to the office, say bosses. Thank goodness, say CRE firms
Back to the office, say bosses. Thank goodness for that, say property firms. Staff working from home half the week put an inevitable damper on the office property sector. Will changing patterns keep the lights on and returns attractive?
Riskiest real estate bonds are beating Nvidia’s returns
A gloomy corner of the debt world has become the winning trade in financial markets, producing returns few traders have seen in over a decade. Hybrids, the riskiest slice of a RE company’s debt, have returned over 75 per cent.
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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