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Decades in making, Victoria Roundhouse development moves ahead
Decades in making, Victoria Roundhouse dev. moves ahead
A master-planned community in Victoria West that has been in the proposal stage for more than 15 years and slated for development by the owner for more than a quarter century, is finally taking meaningful steps toward reality.
Centurion buys second building at Dartmouth multires dev.
Centurion Asset Management and Centurion Apartment REIT have made their second acquisition at a multi-phased residential development in Dartmouth, taking ownership of the six-storey Carrington Suites.
Westbank/Crombie revise Vancouver tower proposals
Westbank and Crombie REIT's revised proposal for 35-, 36- and 39-storey towers would contain 882 market-rate rentals and 99 below-market rentals in addition to 50,000 square feet of retail and work space at 1780 East Broadway in Vancouver.
Starbank proposes 15-tower community in Brampton
Starbank Developments has proposed to redevelop Brampton's Bramrose Square with 15 towers from 24 to 68 storeys. The Turner Fleischer Architects-designed community would include 6,629 housing units, 49,159 square feet of retail and 104,388 square feet of office space.
Starlight Investments' development site for sale
At a vacant lot in an existing corporate campus in Etobicoke, the plans for a modern, 12-storey office building appear to have been scrapped. The site of the intended build by Starlight Investments is now listed for sale.
Ottawa approves Theberge's 24-, 32-storey towers
Ottawa city council has given the go-ahead for Theberge Homes' 32- and 24-storeys towers at 780 Baseline Rd.. A third tower of 24 storeys had received rezoning approval in the fall. The towers will include nearly 1,100 residential units.
 | Trez Capital Navigating the path to recovery: The 2024 commercial real estate landscapeAs 2024 begins, the commercial real estate (CRE) sector looks forward to the possibility of an improving market in terms of both transaction volume and stability, providing a cautious but optimistic landscape for investors. Sponsored by: Trez Capital |
T.O. mayor backed MZO for Etobicoke mixed-use
Mayor Olivia Chow backed a request for a minister’s zoning order at an Etobicoke property late last year. The owners of 65 Rexdale Blvd. want to rebuild an existing mosque in a mixed-use development that would include 220 rental units.
Int'l student cap could add to Vancouver office vacancies
“With the federal government’s recent announcement on the cap of student visas . . . (to) take effect on Sept. 1, it is expected that requirements for space in Metro Vancouver will decline as schools re-evaluate their real estate needs,” says Avison Young.
Industrial to remain strong: Avison Young
Avison Young has released its Q1 Canadian cap rate and investment trends report, forecasting that although lenders will remain conservative in 2024, capital from lenders remains strong for qualified assets and strong borrowers.
Nearly $800 million for new hospital tower in Toronto
Ontario is spending almost $800 million for a new tower at a Toronto hospital. The province says a new 15-storey tower at University Health Network’s Toronto Western Hospital will have 82 patient beds and 20 operating rooms.
Riskthinking.AI launches climate risk simulation engine
Toronto-based Riskthinking.AI is launching the world's first commercially available climate risk simulation engine that will enable banks, insurance companies, corporations and governments to better assess their exposure to climate change.
Victoria hotel rates rise, conferences bounce back
Hotel room rates are up, meetings and conferences are bouncing back and could surpass pre-pandemic levels, and at least five new hotels are in the works in the region. It’s spurring optimism for Greater Victoria’s tourism industry as it rebounds from the pandemic.
More B.C. developers offering 'lock-off' suites
StreetSide Developments is getting set to launch presales for the Juno, a 34-storey condo tower in Surrey. Eight of the units will feature so-called “lock-off” suites that allow a homeowner to divide a unit into two separate ones.
T.O. city council approves 10% tax on foreign homebuyers
Toronto city council voted 24-1 to create a 10 per cent city tax on the purchase of Toronto homes by non-Canadian individuals and corporations effective Jan. 1, 2025.
OPINION: REITs aren’t worth buying yet
The domestic REIT sector does not yet, on average, offer enough of a yield advantage over risk-free government bonds to suggest strong returns for the coming years, according to an analysis I’ve conducted of the past 18 years of data.
Alexandria sells office building at fraction of 2022 price
Life sciences REIT Alexandria Real Estate Equities sold a three-storey Boston-area office building for $3.9 million to Energy North Group. Alexandria bought the building for $14.3 million two years ago.
American Healthcare opens 7% higher after $672M IPO
American Healthcare REIT Inc. (AHR-N) shares debuted about 7.1% higher than their initial public offering price, after the firm’s $672 million issue added to a run of modest performances among U.S. first-time share sales this year.
KKR mortgage REIT shares sink to 4-year low
Shares of KKR Real Estate Finance Trust (KREF.N) plunged by as much as 20% to a nearly four-year low on Wednesday after the real estate investment trust slashed its dividend amid souring loans.
The Parking Spot acquires Park 'N Fly
The Parking Spot announced the acquisition of Park 'N Fly, a near-airport parking sector owner/operator with 13 owned, leased, and managed facilities. The Parking Spot now operates 47 facilities containing more than 100,000 spaces at 28 U.S. airports.
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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