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M City update: Occupancy begins, architect named for final 3 towers
M City: Occupancy begins, architect named for final 3 towers
As the first residents continue moving in at the huge M City in Mississauga, its developers have named Hariri Pontarini Architects to lead the design of the final three high-rise buildings at the eight-tower property.
T.O. slips, but Canadian cities excel in tech talent rankings
Toronto fell from third to fifth in CBRE’s latest Scoring Tech Talent ranking of North America’s top technology employment markets despite recording the second-most employment growth between 2017 and 2022, with 63,800 jobs added.
'Worst is over' for Vancouver office market: Colliers
Despite rising vacancies and sublease opportunities, Colliers believes the worst is over for Vancouver’s office market. Colliers’ mid-year report estimates Vancouver vacancies at 7.4 per cent and rising, while Victoria is sitting at 6.3 per cent and fell quarter-over-quarter.
E Squared proposes 1,046-unit apt. complex in Cambridge
E Squared Developments Corp. has proposed a three-building apartment complex in the Preston area of Cambridge. The MacNaughton Hermsen Britton Clarkson Planning Ltd.-designed complex would comprise 1,046 one- and two-bedroom apartment units.
IHA hires new CEO, plans E. Ontario retirement village
With a new CEO in place, IHA Canada (Innovative Housing Alternatives) is set to begin construction by early August on the first phase of Glengarry Hills Village, an affordably priced 54-acre retirement village in Alexandria, Ont.
199 Church mixed-use tower approaches 39 storeys
Over two years in, 199 Church St, is nearing its final count of 39 storeys on downtown Toronto's skyline. The project is from developers CentreCourt and Parallax and designed by Arcadis.
 | Equiton Understanding the three ways to invest in apartmentsInvesting in multi-family real estate can be divided into three categories: value add, newly constructed and development. Learn about the three ways to invest in apartments and why having a mix of all three in your portfolio is important. Sponsored by: Equiton |
New Lexus dealership slated for Brampton
Policaro Group has announced a new 60,000-square-foot automobile dealership project for Northwest Lexus in Brampton, Ont. The dealership on a 4.2-acre site will include a two-level structure designed by RH Carter Architects and Weis & Associates.
Catching up on Promenade Mall revitalization
The ambitious multi-phased revitalization project for Promenade mall in the Thornhill area of Vaughan is revealing itself. The project from Liberty Development and designed by WZMH Architects and ZO1, is to include a hotel, offices and retail.
The Chopped Leaf ramps up Canadian expansion
Kelowna-based The Chopped Leaf, which opened its first location in the B.C. city in 2007, plans to open 30 new restaurants this year in Ontario, Manitoba and Atlantic Canada, with franchise opportunities also available in B.C., Alberta, Saskatchewan and Quebec.
OPINION: NorthWest Healthcare Properties REIT a buy
I believe NorthWest Healthcare Properties REIT (NWH-UN-T) is oversold. The yield is attractive and the core business appears to be solid. For investors seeking an unusually high cash flow and capital gains potential, this could be a security to consider.
Dream Industrial, Killam, Primaris redefining RE market
Dream Industrial REIT (DIR-UN-T) displays steady performance amid uncertainties. Killam Apartment REIT (KMP-UN-T) should benefit from the housing affordability crisis as more people choose to rent. Primaris REIT (PMZ-UN-T) is preparing for the recovery of the retail sub-sector space.
Former Brookfield Chicago office building for sale
A court-appointed receiver for 175 West Jackson has put the 1.4-million-square-foot downtown Chicago building up for sale a year after ex-owner Brookfield Asset Management relinquished the building to its lender when it became delinquent on a $258M loan.
$9.6B REIT merger reaches milestone
Global Net Lease‘s proposed merger with The Necessity Retail REIT has passed an important milestone as the U.S. Securities and Exchange Commission declared effective the firms’ Registration Statement. The company would have an asset value of approximately $9.6 billion.
U.S. public pensions invest record $1.6T in alternative assets
U.S. public pensions have boosted their exposure to private equity to $622 billion, the highest in at least two decades, as part of a push for higher investment returns, according to a new report by the Equable Institute.
Padlock closes on $12M acquisition of U.K. properties
Padlock Partners UK Fund IV announced it has successfully completed the acquisition of two redevelopment commercial properties located in Edmonton and Haverhill, United Kingdom for aggregate purchase prices of approximately $6,364,000 and $5,874,000 Cdn, respectively.
Upsizing buyers drove demand this spring: RE/MAX
Buyers looking to upsize their homes drove the surge of housing activity between interest rate hikes in the first half of the year, according to a new report from RE/MAX Canada.
There are still bargains out there: CREA
If you’re in Canada’s major urban centres, “affordable” housing can seem an impossibility, but according to the Canadian Real Estate Association there are still options in almost every province that are cheaper than they were last year.
Toronto condo rents soar to $2,800 a month
Rents for GTA condos soared to an average of about $2,800 a month in Q2 2023, according to Urbanation. That’s about $4 a square foot — nearly a 32 per cent rise over the past two years.
Minimum-wage workers struggle to pay rent
It’s getting more difficult for minimum-wage workers to afford a one-bedroom rental in most parts of Canada, according to Ottawa-based think tank Canadian Centre for Policy Alternatives, which urges governments to introduce stricter rent control policies across the country.
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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