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Rize Alliance buys 5 homes, plans 2 Vancouver multires towers
Rize Alliance buys 5 homes, plans 2 Vancouver towers
After buying an assembly of five single-family homes for roughly $40 million on Vancouver's Heather Street near Oakridge Centre, Rize Alliance has submitted a rezoning application to redevelop the site into two 18-storey rental towers.
0.48-acre Cambie Corridor land sells for $18.25M
A 0.48-acre two-lot residential land assembly in Vancouver’s Cambie Corridor sold for $18,250,00 on July 26. The assembly at 4338-4362 Cambie Street has conditional rezoning approval for a 68-unit, six-storey multiresidential building covering 58,893 square feet.
Bombardier moving into 770,000-sq.-ft. facility at Pearson
Bombardier Inc. will make a historic move in August from a plant where planes have been built for nearly a century to a state-of-the-art 770,000-square-foot business jet assembly line at the edge of Toronto Pearson International Airport.
 | The Property Law Hub Ontario Court of Appeal provides guidance on transfer of commercial leasesDaniel WaldmanLawyer, Dickinson Wright LLP |
Family-run firm proposes two mixed-use buildings
Colonia Treuhand, a family-run real estate investment company, has proposed 16- and 35-storey mixed-use rental buildings at 494 Richmond St. E. in Toronto's Corktown neighbourhood. The Sweeny&Co Architects Inc.-designed proposal would include 588 purpose-built residential units.
Sustainable Equities breaks ground on Wpg. mixed-use
Sustainable Equity Partners' 12-storey mixed-use development recently broke ground at 1011 Pembina Hwy. in Winnipeg. The development will house 226 apartments (one- and two-bedrooms) and 7,050 square feet of ground-floor commercial space. Towers Realty Group will manage the building
 | FCT Title insurance - a matter of opinionThree benefits to owners and lenders when they rely on a title insurance policy versus a lawyer’s opinion letter. Sponsored by: FCT |
Lafarge Canada shifts to low-carbon cement at B.C. site
Lafarge Canada Inc. has converted all production at its Richmond, B.C., cement factory to ECOPlanet low-carbon cement, making it the first facility worldwide owned by parent company Holcim to make the transition.
First Capital's Calgary office building welcomes PR firm
Calgary's The Devenish, completed in 1911 and designed as a luxurious apartment block, has been transformed and converted into an urban street-front retail and office building by owner First Capital REIT (FCR-UN-T). Its newest tenant is PR firm Vera Causa.
Costco to anchor Bingham Crossing near Calgary
The recent approval of a massive Costco store will be the anchor of the Bingham Crossing retail development just outside of Calgary. The project by Renco Developments Inc. will span about 500,000 square feet.
Shell to divest some assets to advance Empire deal
The Competition Bureau says Shell Canada Ltd. has agreed to divest some of its western assets to advance its $100 million deal to buy gas stations from an affiliate of grocery giant Empire Co. Ltd. (EMP-A-T).
George Weston Q2 profit down nearly 22% Y-O-Y
George Weston Ltd.'s (WN-T) Q2 delivered a profit of $498 million. The company, which holds large stakes in Loblaw Companies Ltd. (L-T) and Choice Properties REIT (CHP-UN-T), says the second-quarter profit was nearly 22 per cent lower year-over-year.
Amazon doubling same-day delivery facilities
Amazon.com Inc. will double the number of US same-day delivery facilities in the “coming years,” the company announced Monday, an investment executives are counting on to maintain Amazon’s lead in the $1.4 trillion online shopping market.
Blackstone pumps $8B into data centre push
Blackstone Real Estate (BX-N) is preparing to pump $8 billion into subsidiary QTS Data Centers to fund new development as the firm looks to capitalize on Big Tech’s escalating artificial intelligence arms race.
CRE investors risk painful losses post-COVID
CRE investors and lenders are slowly confronting an ugly question - if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar?
Newmark’s revenue drops 22% amid slowdown
A slowdown in leasing, sales and loans across the country’s real estate investment landscape is hitting brokerage firms hard, with Newmark (NMRK-Q) reporting significant revenue and earnings depletion in the second quarter.
99-year home leases on the rise across Vancouver
ANALYSIS: As 99-year home leases proliferate across Metro Vancouver — more prospective buyers are having to consider whether they want a deal in which neither they nor their inheritors will end up “owning” actual dirt.
Vancouver aims to discourage single-detached houses
OPINION: Vancouver city hall is considering changes aimed at discouraging construction of single-detached houses, including a cap on the maximum size of such homes. For many people, the single-family house symbolizes outdated, unsustainable urban planning.
Edmonton, Calgary top-searched cities for real estate
When the housing market gets tough, homebuyers go west. In new evidence that Alberta hosts some of the hottest real estate in the country, Royal LePage says Edmonton and Calgary are now the top-searched cities for home hunters in Canada.
Cochrane and Okotoks contrasts in housing
Cochrane and Okotoks, two bedroom communities on the edge of Calgary's city limits, have similar populations, household incomes and demographics, but vastly differ in the rate of new housing construction approved by municipal governments over the past decade or so.
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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