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Major sale pending near Metro Van.'s Burquitlam Station
Major sale pending near Metro Van.'s Burquitlam Station
A sizable land assembly with nine single-family lots totalling 1.6 acres has come together in a pending sale transaction near the Burquitlam SkyTrain Station in Coquitlam. The deal is under contract by commercial broker Adam Lawrence of Goodman Commercial.
CPPIB to spend $300M+ on lavish new office at CIBC Square
The people who run the investment arm of the Canada Pension Plan are moving to a new, upscale office in Toronto, the Star has learned. The estimated 10-year cost of the move will be $300 - $430 million.
Wesgroup's Housing Crisis 101 video a YouTube hit
Wesgroup Properties is racking up tens of thousands of views for a YouTube video which tackles critical issues homebuilders say hamper efforts to address Canada's dual housing and affordability crises.
Chartwell buys 3 B.C. seniors properties for $226.9M
Chartwell Retirement Residences (CSH-UN-T) is acquiring 384 suites in three retirement communities on British Columbia's Vancouver Island for $226.9 million. Chartwell has announced just over $900M of acquisitions so far in 2024.
Chard buys Van. site of 55-storey project under receivership
One of the highest-profile insolvency cases in Vancouver has reached a conclusion, with the B.C. Supreme Court approving the sale of 1045 Haro St. and 830-846 Thurlow St., where 15- and 55-storey mixed-use towers had been planned.
Mattamy breaks ground on Mile & Creek Phase 3
The event marks the start of construction on the final phase of this development in the rapidly growing Halton Region in the western Greater Toronto Area. Phase 3 is targeted for completion in June, 2026.
Residents fear RioCan's Calgary project is doubling in scope
Residents who live near Glenmore Landing are worried that redevelopment plans for the southwest Calgary shopping plaza have been quietly increased by RioCan, adding more highrise buildings that would nearly double the original scope of the project.
London lands three new industries
Three manufacturers have purchased land around London with plans to build new plants, the head of the city’s economic development agency says. Among them is Maple Armor Group Corp., which designs and manufactures alarm systems.
Student housing spells opportunity for developers
About a year ago, Utile, a Montreal-based non-profit that develops and operates student rental housing, began leasing up its most recent project – a 205-bed apartment dubbed l’Ardoise (The Slate), just a few minutes’ walk from Quebec City’s Laval University campus.
UBC opens new mixed-use building with 282 beds
The final building of the University of British Columbia’s Brock Commons student residence complex has officially reached completion. Built on the footprint of the old Brock Hall, Brock Commons is a 13-storey mix of administrative and student residence space.
McGill says $870M New Vic expansion continues ‘for now’
Will McGill University suspend or cancel its $870-million expansion? Known as the New Vic, the project would significantly enlarge the university’s downtown campus, providing state-of-the-art research laboratories and other facilities at the former Royal Victoria Hospital.
A breakdown of the big banks’ third-quarter earnings
Canada’s biggest banks report their third-quarter earnings this week, covering the three months that ended July 31, as unemployment rates in Canada and the United States tick higher and as high borrowing costs weigh more heavily on consumers and businesses.
Toronto workers have longest commutes in Canada: StatsCan
Long gone are the empty roads and unfilled train and bus seats of the COVID-19 pandemic days. More Canadians are commuting to work and the average commuting time has returned to pre-pandemic levels, according to Statistics Canada.
The high cost of real estate commissions
OPINION - Statistics Canada data shows that agents and brokers (residential and commercial) were paid $2.43-billion in 2022, as the industry enjoyed a hefty operating profit margin of 31.3 per cent.
CREECO inaugurates $208M Odea Montreal complex
Cree-owned CREECO, the parent company of Eeyou Eenou Realty Properties, recently celebrated the inauguration of its 26-storey, mixed-use residential project in Montreal. The $208M Odea Montreal complex features 367 apartments, 68 condominiums, office and retail space.
Wynn, Related give details of $12-billion New York casino-resort
Wynn Resorts (WYNN-Q) and partners including Related Cos. unveiled new details of a $12 billion casino-resort they want to build in NYC's Hudson Yards. Their proposal includes the casino, a 1,500-room hotel, spa and event spaces.
NexPoint moves forward with $4B Texas life science campus
Texas Research Quarter, a $4 billion life science innovation district planned for 200 acres in Plano, Texas, has received developmental approval from the Plano City Council with NexPoint as developer.
Dalfen Industrial acquires three additional Florida properties
Dalfen Industrial has expanded its presence in South Florida with the acquisition of three industrial facilities in Broward County, totaling 102,038 square feet. This purchase was facilitated through a relationship with JLL's South Florida Capital Markets Team.
China’s empty office glut supercharges Hilton’s expansion plans
Hilton Worldwide Holdings Inc. (HLT-N) and its franchise partners have found a silver lining in China’s real estate crisis — converting empty and unused office buildings into hotels amid a domestic travel boom.
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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