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Beedie to develop N. America's largest Tesla centre in Vancouver
Beedie to develop N. America's largest Tesla centre in Van.
A brownfield property in Vancouver’s Strathcona neighbourhood is to be the future home of the largest purpose-built Tesla service facility in North America. Beedie will lead development of the 120,000-square-foot flagship Tesla Centre.
Construction of Alta. $1.2B biofuels plant set for spring
With the Alberta government’s stamp of approval, Green Impact Partners' (GIP-X) Future Energy Park, a $1.2-billion negative-emissions biofuels plant on southeast Calgary’s edge, is officially allowed to begin construction. The project is slated to open in 2026.
Longueuil won't mandate contributions from developers
In its housing strategy unveiled Monday, the City of Longueuil rejects Montreal's mandate forcing private developers to contribute financially to the construction of social, affordable and family housing, a policy which had seen mixed results.
Matthews West to redevelop 43-acre Port Alberni property
EXCLUSIVE: Squamish, B.C.-based developer Matthews West has been selected by the City of Port Alberni to develop a master-planned community at the site of the former Somass Sawmill.
Windsor lands another battery supply chain investment
Windsor has added another key piece to its battery supply chain with Monday's announcement Korean electric vehicle parts manufacturer Bobaek America has selected the city for a two-phase project that will see $60 million to $65 million invested.
Plastiques Gagnon expands to serve Que. battery industry
Plastiques Gagnon Inc., a Saint-Jean-Port-Joli, Que.-based plastic parts manufacturer, is building a new 35,000-square-foot, $10-million facility in Lévis, Que., to serve growing demand for batteries used in electric vehicles and energy storage.
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Mastermind deal would keep at least 43 stores open
Money-losing store chain Mastermind Toys is seeking court approval for its plan to sell the business, saying that if the deal does not go through soon, it may be forced to expand liquidation sales to all 66 stores across Canada.
Labour shortage cost construction sector $9.6B in revenue
A new report finds Canadian businesses in the construction sector missed out on over $9.6 billion revenue opportunities last year because of the ongoing labour shortage. Small businesses across all sectors missed out on over $38B.
Dream's Common at Zibi building includes co-living apts.
Dream Unlimited is running an experiment on whether "co-living" will prove a hit in Ottawa and a new apartment tower on an Ottawa River island is the laboratory. Common at Zibi will offer 48 shared apartments, totalling 175 bedrooms.
'CAPREIT 2.0' underway: Desjardins Securities
Canadian Apartment Properties Real Estate Investment Trust (CAR-UN-T) is “executing on CAPREIT 2.0,” according to Desjardins Securities’ Kyle Stanley, who sees improved market fundamentals leading to portfolio-wide leasing momentum and a continued decline in turnover.
Sky Property proposes 50-storey mixed-use
Sky Property Group has proposed a 50-storey mixed-use tower dubbed Steeles Heights in North York. The RAW-designed tower at 7 Steeles Ave. E. would include 683 residential units in addition to 1,841 square feet of retail space.
3D Video Fusion brings new interactivity to housing tours
With the use of 3D cameras and digital twin technology, Longueuil, Que.-based proptech firm Urbanimmersive (UI-X) aims to bring more texture, information and immersion to its interactive housing tours.
Alberta leads Canada in rent price increases
In a recent report by rentals.ca, data shows Alberta remained the provincial leader for annual growth in apartment rents during November, posting a year-over-year increase of 16.1 per cent to reach an average of $1,695.
Housing minister apologizes for Greenbelt fiasco
Ontario Municipal Affairs and Housing Minister Paul Calandra has apologized to developers for "mistakes" in the Greenbelt scandal that is now under RCMP investigation. Calandra repeatedly said "sorry" for the problem caused — especially Greenbelt landowner Silvio De Gasperis.
Brookfield warns of legal action over loans
Brookfield Properties is unhappy with how the Federal Deposit Insurance Corp. is running its auction for loans belonging to the failed Signature Bank, alleging the regulator's process is shrouded in secrecy and potentially in violation of the law.
Choice Hotels goes hostile in $8B takeover bid for Wyndham
Choice Hotels is launching a hostile takeover offer for Wyndham Hotels & Resorts after repeated attempts to reach a deal with the rival chain were rebuffed. The offer puts the value of the deal for Wyndham at about $8 billion.
PREIT files for Chapter 11 for second time
Mall owner PREIT (PRET) has filed for bankruptcy protection for the second time in three years as it struggles to cope post-pandemic, saying it has arranged financing and is reorganizing to reduce its overall indebtedness by about $880 million.
RE titans battle Florida over China property crackdown
A group representing companies including Blackstone Inc., Steve Ross’s Related Cos. and Barry Sternlicht’s Starwood Capital wants to roll back a law, which went into effect in July, banning most Chinese investment in Florida real estate.
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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