Kenney takes over at CAPREIT, expands housing portfolio

RENX  Residential, Commercial  •  Homes  •  National

It has been a busy couple of weeks at CAPREIT (CAR-UN-T). The trust said goodbye to outgoing CEO David Ehrlich, bought more than 1,100 manufactured home pads in 13 Canadian communities, and had Mark Kenney take on the CEO’s position.

Choice, Greenwin propose two Toronto rental towers

Residential  •  Urban Toronto  •  RENX

Choice Properties REIT (CHP.UN-T) and veteran rental builder Greenwin have  submitted applications seeking rezoning and Site Plan Approval to the City of Toronto for a two-tower rental complex containing a significant affordable housing component.

The People Space › People Space: New faces, roles at Crombie, C&W, JLL…

Don Wilcox: Managing Editor

Last towers underway at ELAD’s Emerald City

Residential  •  Urban Toronto  •  RENX

Construction of the last three towers of developer ELAD Canada‘s condo project Emerald City — The Peak at 33 storeys, The Point at 24 storeys, and Lumina at 13 storeys — is underway in the Toronto borough of North York.

Simons celebrates anniversary of net-zero energy store

Commercial  •  Sustainable Biz Canada

It’s been one year since Simons opened Canada’s first net-zero energy retail store, and more green locations are on deck for the Province of Quebec.

Holt Renfrew Ogilvy receives $140M facelift

Commercial  •  Montreal Gazette

Daylight floods the capacious new menswear hall on the fourth floor of the Holt Renfrew Ogilvy luxury department store in Montreal, whose renovations are responsible for about 35 per cent of the $400 million being spent by the chain across Canada.

Ottawa hoteliers finding room for fresh attractions

Commercial  •  Ottawa Business Journal

During a brief break from the frenzy of activity that always surrounds a new restaurant opening, OCCO Kitchen owner and head chef Mark Steele flashes the grin of an entrepreneur who’s found the ideal business partner.

Metro Vancouver’s first capsule hotel to open in April

Commercial  •  Western Investor

A timeline of Toronto’s many attempts to build transit

Commercial  •  Toronto Star  •  Toronto Star  •  Toronto Star

Today the TTC boasts four subway lines, 10 streetcar routes and nearly 200 bus routes, but there is a long list of Toronto transit projects that have been proposed, approved and even started, but never completed.

Shami Sandhu on what makes Realty ONE tick

Commercial  •  Troy Media

What is the Realty ONE Group and what do you do?
President Shami Sandhu: Realty ONE Group is a full-service lifestyle real estate brand that has experienced rapid growth since Kuba Jewgieniew started the company in 2005.

2019 U.S. REIT trading trends

Commercial  •  CP Executive  •  ETF Trends

As of Feb. 28, publicly listed U.S. equity REITs traded at a median discount to consensus net asset value of 7.3 per cent. The manufactured home sector traded at the greatest median premium to NAV, at 19.3 per cent.

REIT financial results:

Commercial  • 

American Hotel Income Properties REIT, (HOT-UN-T), Sedar

BSR REIT, (HOM-U-T), Sedar

PROREIT, (PRV-UN-X), Canada Newswire

Brookfield shuns regular route in private equity build-out

Commercial  •  Bloomberg  •  RENX

U.S. investors remain top buyers of Asia-Pacific CRE

Commercial  •  South China Morning Post

Investors from the United States continued to be the biggest spenders on commercial property in Asia-Pacific in the first quarter of 2019, according to New York-based data provider Real Capital Analytics, having surpassed their Asian counterparts in 2018.

Private equity fuelling CRE boom In India: Anarock

Commercial  •  Bloomberg  •  Moneycontrol.com  •  Livemint

Private equity players striking bigger deals and potential benefits of REITs is aiding the growth in the commercial real estate sector, according to Anarock Property Consultants’ chairman Anuj Puri.

Prices in 20 U.S. cities post smallest gain in six years

Residential  •  Bloomberg  •  Bloomberg

Home prices in 20 U.S. cities registered their smallest gains since 2012, decelerating for a 10th month in January as buyers held out for more affordable properties. The S&P CoreLogic Case-Shiller index of property values increased 3.6 per cent from a year earlier.

First townhomes in Blatchford development for sale

Residential  •  CBC  •  Global News  •  RENX

Construction will begin this spring on the first 43 townhomes in Blatchford on the former City Centre Airport land, Edmonton city officials announced Wednesday. The new community’s first residents are expected to move in by the beginning of 2020.

Soft housing market provides affordability relief: RBC

Residential  •  Canada Newswire

After three years of deteriorating housing affordability in Canada, a measure of relief arrived for prospective home owners, according to the latest RBC Economics Housing Trends and Affordability Report.

Shared equity mortgages: A good idea going to scale

Residential  •  Newinhomes.com

When the Federal government released its budget in mid-March, those in the housing sector were eager to see what might be in store to help address the pressing need of making housing more affordable. It wasn’t what people were expecting.

NYC looking to emulate Vancouver’s Empty Homes Tax

Residential  •  Western Investor

New York may soon be following in Vancouver’s footsteps after the record-breaking sale of a Manhattan penthouse has prompted renewed calls for a “pied-a-terre tax” on empty homes valued at above $5 million.