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As EV sector booms, St. Thomas becomes industrial hotspot
As EV sector booms, St. Thomas becomes industrial hotspot
Activity in the Greater Golden Horseshoe’s industrial sector has decelerated amid economic headwinds, but St. Thomas isn’t just bucking the trend, it’s on the cusp of a boom.
NADG NNN REIT to sell its $138M portfolio, dissolve
NADG NNN Real Estate Investment Trust has agreement to sell its 50 per cent interest in 54 income-producing U.S. commercial properties to NADG NNN Operating LP, pay out the proceeds to unitholders and dissolve the REIT.
Office tenants looking for concessions: Deloitte
Office tenants are already getting great deals on rent as vacancy rates remain high, but a new survey finds many want much more from their landlords, according to a report from Deloitte published on Tuesday.
Mtl. developers pay in lieu of building affordable housing
Two years after a bylaw was implemented with the goal of building 600 new social housing units per year, the City of Montreal hasn't seen a single one as developers elect to pay fines rather than building affordable housing.
Ont. unveils $1.2B fund to encourage more homebuilding
In a surprise move, Ontario Premier Doug Ford has unveiled a three-year, $1.2 billion sweetener to encourage municipalities to build more housing. The “building faster fund” would reward cities and towns that try to meet housing construction targets.
Emblem proposes 46-, 71-storey Mississauga towers
Emblem Developments has proposed 46- and 71-storey towers at 180 Burnhamthorpe Rd. W. in Mississauga. The Arcadis-designed towers would house a total of 1,185 residential units, 954 parking spaces and 1,087 bicycle parking spaces.
 | Self Stor Storage Grand opening for Self Stor Storage Mississauga. Bigger and bolder.Self Stor Storage is proud to announce their latest self-storage facility. Opening in the heart of Mississauga, at Erin Mills Parkway and Brittania Rd. Open to the public starting August 14th. Sponsored by: Self Stor Storage |
23:32 Capital raises fund, buys manufactured housing sites
Bryce Stewart, the owner, president and CEO of Toronto-based 23:32 Capital Inc., believes manufactured housing communities are an asset class “crying out for more competition” and a solution for Canada’s affordable housing woes.
Return of foot traffic to key areas buoys B.C. retail demand
Strengthening international travel combined with domestic tourism and the return of downtown office workers is making for an active retail real estate market in B.C. “It seems to be back to normal,” said CBRE Ltd. retail specialist Adrian Beruschi.
Montreal's Hochelaga-Maisonneuve sees a renaissance
When Ariane Beaumont went looking for financing to open the Arhoma bakery in Hochelaga-Maisonneuve in 2007, the folks holding the purse strings told her it made no sense to open an upscale bread emporium in such a poor neighbourhood.
D.D. Acquisitions acquires additional Northview units
Daniel Drimmer-controlled D.D. Acquisitions Partnership announced it has acquired 1,973,364 class-B limited partnership units of Northview ONE Sub, 1,611,830 exchangeable units of Northview Canadian HY Holdings and a beneficial interest in 771,580 class-C units registered to NG and Galaxy VA.
dcbel raises approx. $68M for home energy systems
dcbel Inc. has closed a $68-million Series B funding round led by Idealist Capital which will help the Montreal-based smart home energy company accelerate distribution of its r16 home energy stations.
NYC kicks off plan to convert Midtown offices
New York City is rolling out a plan to convert vacant offices into as many as 20,000 new housing units by creating a multi-agency group to help developers cut through red tape and rezoning a section of Manhattan's Midtown South.
CBRE dials back U.S. hotel forecast
CBRE has lowered its projections for U.S. hotel performance this year. Revenue per available room, or RevPAR, is expected to hit $96.64, a 4.6% increase over 2022, but $1.25 less than what CBRE was forecasting in May.
Regency Centers closes $1.4B buy of Urstadt Biddle
Regency Centers Corp. on Friday completed its acquisition of Urstadt Biddle Properties in a $1.4B all-stock transaction. The previously announced deal will merge the two REITs’ portfolios of shopping centres, which are largely grocery-anchored.
Flagship acquires Indiana MHC for $23M
Flagship Communities REIT (MHC-U-T) announced it will acquire a manufactured housing community (MHC) in Evansville, Ind., for approximately US$23 million. The Evansville community comprises 309 lots of which approximately 95 per cent are occupied.
Detached housing values off year-ago levels: RE/MAX
Upward momentum mitigated the decline in detached housing values in the first half of 2023, but average prices fell short of last year's levels in most Greater Toronto Area, Greater Vancouver and Fraser Valley neighbourhoods, RE/MAX Canada reports.
Sellers return to housing market just as buyers go missing
Sellers are returning to Canada’s housing market. New listings were up 5.6 per cent month-over-month in July, an increase of 24 per cent since April, reversing declines earlier this year, said RBC economists Robert Hogue and Rachel Battaglia.
Greenbelt saga is a long way from over
EDITORIAL: The Ontario government’s defence of its indefensible deal to hand over thousands of hectares of protected land to favoured developers is one of the more disingenuous bits of political theatre in recent history.
Ontario startup offering loans for rental deposits
Ontario’s housing market has become so pricey that one financial startup is betting cash-strapped renters will need to borrow money to cover the soaring cost of moving into a new place. Nesturo launched in late July.
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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