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Tenblock plans 3-tower residential project at Toronto's 155 Antibes
Tenblock plans 3-tower res. project at Toronto's 155 Antibes
North York's Bathurst Street corridor is undergoing a dramatic facelift in a race against time to build housing for Toronto's growing population. Developer Tenblock is front and centre in the makeover, adding 892 units at 155 Antibes Dr.
IN8 Developments pauses Hamilton condo project
When Hamilton's City Centre was shuttered nearly a year ago, IN8 Developments said demolition would begin within weeks to make way for an "epic" four-tower condominium project. But 12 months later, the project is on hold, until the market improves.
Burnaby gives initial approval to H&R's five towers
Burnaby city council Monday gave initial approval to H&R REIT's proposal for five towers at 3777 and 3791 Kingsway. Central Park Commons would be built over two phases and include more than 2,500 homes, with nearly 40% rental units.
2024 to be a 'Goldilocks year' for housing: Royal LePage CEO
A new normal for interest rates will drive aggregate housing prices in Canada up 5.5 per cent in 2024, according to Royal LePage president and CEO Phil Soper and the firm's 2024 Market Survey Forecast.
IKEA giving B.C. store $100M-plus expansion
Popular ready-to-assemble furniture seller IKEA plans to pump more than $100 million into expanding its Richmond, B.C., store. The Sweden-founded and now Netherlands-based retailer is also exploring adding more pick-up points across B.C. for e-commerce shoppers.
Ax-C innovation hub opening in downtown Mtl.
The Quebec, Canada and Montreal governments have joined forces with the École de technologie supérieure (ÉTS) to anchor Espace Ax-C in Montreal's Place Victoria Tower. Ax-C is a space for innovative entrepreneurship, whose real estate component is entrusted to ÉTS.
 | FCT Real estate fraud: Is Canada’s digital transformation the problem or solution?Processes and ways of doing business are evolving. The ongoing digital revolution has drastically altered the way we live and changed consumer expectations across all industries, and real estate is no exception. Sponsored by: FCT |
Engineering firm BPA buys TMP, bolsters sustainability focus
Montreal-based engineering firm Bouthillette Parizeau (BPA) has acquired Toronto engineering and building design consultant The Mitchell Partnership Inc. (TMP), with the merger placing a focus on sustainable buildings. Sustainable development and energy-efficiency solutions will be prioritized.
Gracorp proposes 20-storey Van. rental tower
Gracorp Properties has proposed a 20-storey rental tower 2175 West 7th Ave. within the Broadway Plan area of Vancouver. The Kitsilano tower would include 182 secured purpose-built rental homes, including 147 market rental units and 35 below-market rental units.
Calgary leads Western Canada's multifamily rental market
The average monthly rent for an unfurnished one-bedroom unit in Calgary is up $206, or 13.9 per cent since November 2022, to $1,678. This is the fastest annual rental increase in Western Canada, Liv.Rent reported.
ETFs offer efficient access to undervalued REIT sector
OPINION: The broad-based group of Canadian stocks tracked by the S&P/TSX Capped REIT Index is slightly negative for 2023. Next year may spell a different outcome for the beleaguered REIT sector and exchange-traded funds can be a solution.
Mountain Warehouse looks to further expand
Mountain Warehouse is growing its presence in the country to meet a growing need in the outdoors market. The brand began in 1997 and today it has about 370 stores in eight different countries. There are 45 stores in Canada.
Canada’s grocery industry sees record-high profits
The Centre for Future Work says grocers are expected to make more than $6 billion in 2023 — a record and an increase of eight per cent year-over-year. Food retailers are now earning more than twice as much profit as they did before the COVID-19 pandemic.
Dollarama profit jumps 31.4% year-over-year
Dollarama Inc. (DOL-T) reported a 31.4 per cent increase in profit in its third quarter, as Canadians continue to turn to discount stores looking for some relief from the pressures of inflation.
Toy stores struggle as bargain-hunting prevails
There’s trouble in Toyland. Canada’s toy retailers say they’ve long been grappling with the same challenges that nearly killed Mastermind and some fear this holiday season will be difficult as shoppers adopt more budget-conscious behaviours.
Does November rebound portend strong 2024 for REITs?
The FTSE Nareit All Equity index saw total returns up 11.86% in November, pushing into positive territory for 2023. The gains were broad based, with nearly every property sector posting double-digit positive returns for the month.
Bankrupt Silver Star sells another Dallas office building
A Dallas-area office building is the latest to be plucked off the balance sheet of bankrupt Houston-based Silver Star Properties REIT. A Dallas-based investor will pay $12.5M for Westway One at 1707 Market Place Blvd. in Irving.
Whitestone rejects proposal to sell or liquidate
Retail REIT Whitestone rejected a proposal by Erez Asset Management chairman Bruce Schanzer to sell assets or liquidate the company. The REIT announced the rejection in a letter filed with the Securities and Exchange Commission. Erez is a Whitestone stockholder.
Europe RE facing $258B debt refinance shortfall
Between the estimated $938 billion Cdn in European real estate loans provided between 2019 and 2022 and the amount now available to refinance them, there’s a gap as high as $258 billion, according to CBRE Group Inc.
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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