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Anthem assembles 280 acres of dev. land in southeast Calgary
Anthem assembles 280 acres of Calgary development land
Vancouver-based Anthem Properties has completed a land assembly of 280 acres in two transactions in southeast Calgary where it plans to develop a community of 2,500 housing units in single- and multifamily buildings, plus commercial properties.
Inside National Bank’s new $500M Montreal headquarters
National Bank of Canada spent over half a billion dollars to build a new 40-storey headquarters in the heart of Montreal’s Quartier de l’innovation in what the lender calls the city’s biggest commercial real estate project in 30 years.
Canadians still dream of a single-family home, despite costs
Owning a single-family home is still the dream for most Canadians interested in purchasing housing during the next five years, a Wahi survey reports, despite an increasing focus on multiresidential living to tackle Canada’s housing availability and affordability concerns.
‘A sea change’: RE reacts to first U.S. rates cut in four years
From sheer jubilation to fears that a 50-basis-point cut in interest rates could portend a weakening economy, real estate executives had a lot to say about the Federal Reserve's latest move.
Faster cuts and slower cuts both on table for Bank of Canada
The Bank of Canada is carefully weighing both upside and downside risks to the economy as it attempts to calibrate the pace of interest rate cuts, according to a summary of its deliberations released on Wednesday.
Toronto, Canada’s economic centre, has lost its way
OPINION - Toronto, once a beacon of urban excellence, now stands at a crossroads. Our city, known for its iconic skyline, economic strength, cultural vibrancy and unmatched hustle, seems to have lost its way.
 | Diverso Energy Mastering geothermal for multi-res: A playbookMany developers are turning to geothermal energy, to future-proof assets against strict green standards and rising carbon taxes. While installation can be daunting for newcomers, Diverso Energy’s "playbook" is designed to ensure your project stays on track and within budget. Sponsored by: Diverso Energy |
Canadian builders apply lessons from Grenfell Tower disaster
For the past five years, St. Hilda’s Towers, at the intersection of Dufferin Avenue and Eglinton Avenue West, has been the subject of a “deep retrofit” meant to make the 350-apartment complex more energy efficient, comfortable and safe.
Norbec opens first manufacturing facility in Ontario
Quebec-based manufacturing company Norbec announced the opening of a new facility in Strathroy, Ont. The $45-million manufacturing facility will mark its first plant in Ontario and third across the nation.
New state of the art flour mill for Western Canada
P&H Milling Group, a division of Parrish & Heimbecker Limited, has started construction on a $241M milling facility in Red Deer County. It will have the capacity to mill an estimated 750 metric tonnes of wheat daily.
Intracorp Homes paid $439K to demovicted Burnaby renters
Intracorp Homes paid a total of $439,024 to 48 households evicted from a Metrotown apartment building when the developer demolished the building to make way for a 37-storey condo tower and a six-storey affordable rental building.
Edmonton residents evicted from affordable rentals by feds
Bulldozers are set to raze a total of 518 homes in Edmonton's Griesbach neighbourhood. Canada Lands is making the final push to complete its award-winning urban village in Griesbach and plans to sell these lands primarily to private homebuilders.
New legislation transfers development authority to Jasper
Federal legislation introduced Wednesday aims to give the fire-ravaged Rocky Mountain town of Jasper full authority over local land planning and development, instead of Parks Canada. The legislation is intended to help accelerate rebuilding efforts.
PROREIT completes $32.6M Quebec purchase, 2 office sales
PROREIT (PRV-UN-T) has announced the completion of its acquisition of an industrial building in Dorval, Que., for $32.6 million. PROREIT also completed its previously announced sale of two office properties for gross proceeds of $26.6 million.
Is high-yielding Allied Properties a buy in REITs rally?
What is your opinion of Allied Properties Real Estate Investment Trust (AP-UN-T)? The units are yielding about 10 per cent, and I am wondering if this is sustainable or if it is a trap.
Sunrise Senior Living opens B.C. seniors residence
Sunrise Senior Living has announced the opening of Sunrise of Killarney, a long-term care community in Vancouver. The 72,250-square-foot, four-storey residence features 43 long-term care suites and 52 memory care suites, providing a home for up to 105 residents.
Alberta reps travel to U.S. seeking data centre investment
Alberta’s minister of technology and innovation Nate Glubish is travelling to San Francisco, with Rob Davidson from the Alberta Electric System Operator and Vlad Oujegov from Invest Alberta, in an effort to promote the province as a data centre destination.
BlackRock and Microsoft raising $30B for AI data centre fund
BlackRock (BLK-N) and Microsoft (MSFT-Q) have launched a fund that could spend up to US$100B on the buildout of new data centres and other AI infrastructure. AI is expected to drive trillions in infrastructure spending in coming years.
5C Data Centers announces new region in Phoenix
Montreal-based 5C Data Centers, a provider of state-of-the-art data centre services, has announced plans to launch a new region in Phoenix, Az. The first facility in the region, PHX01, is scheduled to go live in 2025.
Brookfield is adding to $13B it has bet on Indian infrastructure
Brookfield Asset Management Ltd. (BAM-T) plans to add to the $13 billion it has already invested in Indian infrastructure, ramping up in what it describes as the “brightest spot” in emerging markets.
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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