Tridel to finish Toronto’s Regent Park ‘revitalization’

RENX  Residential, Commercial  •  Condominiums, Apartments  •  Toronto / GTA

Persistence does pay off for Tridel Builders Inc. After three unsuccessful attempts to become involved in previous phases of the Regent Park redevelopment in Toronto, Tridel will be TCHC’s development partner for the final two phases of the massive revitalization.

Retail faces leasing challenges, office steady: REF panel

RENX  Residential, Commercial  •  Office, Homes, Investment, Retail  •  National

PART II: The retail leasing sector continues to face significant challenges, but office is holding its own in most centres according to experts involved in a panel discussion of the pandemic and its effects on the development industry.

Ontario Landlord Tenant Board in chaos after shutdown

Residential  •  Globe and Mail

Tenant activists and landlords are both warning the pandemic’s economic damage has left so many people in Ontario behind on their rent and put so much pressure on the system for resolving disputes, that 2021 could bring a surge in evictions.

Canderel has big plans for Montreal in 2021

Residential, Commercial  •  Montreal Gazette  •  RENX

Montreal real-estate developer and manager Canderel has big plans for 2021. It is considering acquisitions next year that could total “hundreds of millions of dollars, if we execute on all our projects,” chief executive officer Brett Miller said.

Windmill, Guelph JV on $350M downtown development

Residential, Commercial  •  Globe and Mail  •  RENX

Ottawa-based Windmill Development Group and the City of Guelph have proposed a $350-million Baker District development in downtown Guelph. The 500,000-square-foot project would apply sustainability principles for a new library, residences, commercial and institutional space and a market square.

Sponsored by Yardi Tech will drive success for multi-res and CRE in 2021

It has been a monumental year for the residential and commercial real estate markets in Canada, and everywhere else for that matter. Among the key challenges on the horizon as 2021 dawns are sustaining best practices.

Regina rejects developers’ request for $700K tax pardon

Residential, Commercial  •  CBC

Regina city council has rejected a developer’s request for a property tax reduction. Smith Street Lands proposed buying the property formerly slated to house Capital Pointe, but said it would only do so if tax penalties were reduced by about $692,562.60.

The Title Page › What we know about Canada’s real estate industry as we enter 2021

Lori Sartor and Eric Haslett: Lori Sartor and Eric Haslett

Shipping container development planned for Edmonton

Commercial  •  Edmonton Journal

A new commercial development made out of shipping containers is preparing to pull into Edmonton’s Old Strathcona next to the Canadian Pacific Railway. The proposed Station Park by Beljan Development would offer dining, retail and event space.

10,000 restaurants have closed in Canada

Commercial  •  Western Investor

Since the pandemic began in March, 10,000 restaurants across Canada have closed and Restaurants Canada is warning half of the independent restaurants in the country could close permanently if conditions don’t improve.

Calgary eateries team up in RNDSQR development

Commercial  •  Calgary Herald  •  Calgary Herald

Village Ice Cream, Una Pizza and Phil & Sebastian Coffee have joined together to take the main floor area of the General Block, a development of RNDSQR in Bridgeland, that will no doubt attract considerable pedestrian traffic to that community.

PlantX to open Canadian flagship in Squamish, B.C.

Commercial  •  Canadian Grocer

Vancouver-based PlantX, an e-commerce platform dedicated to plant-based (or vegan) products, is opening its first brick-and-mortar stores. A 15,000-square-foot location is to open in early 2021 in Squamish, B.C., and a 4,500-square-foot store will open in San Diego in March.

BGO to invest $7B in Japanese office buildings

Commercial  •  Bloomberg

CORRECTS EARLIER VERSION: Sun Life Financial’s real estate arm – BentallGreenOak – plans to double staff and invest US$10 billion in Japan over two to three years, of which as much as 70 per cent may go into office buildings in major districts.

Couche-Tard completes Convenience Retail Asia acquisition

Commercial  •  Canada Newswire  •  Canada Newswire

Alimentation Couche-Tard Inc. (ATD-A-T) announced it has closed its acquisition of Convenience Retail Asia (BVI) Limited. The acquisition provides Couche–Tard with a platform in Asia from which to launch its regional growth ambitions.

$900B relief package expected to bolster U.S. CRE

Commercial  •  CP Executive  •  Bisnow

The 5,593-page, $900 billion pandemic relief bill the U.S. Congress finally passed Monday and while many in the commercial real estate industry welcome the long-awaited package as an indirect boost to the industry, others see it as quite little, quite late.

AXA Investment Managers completes $875M logistics deal

Commercial  •  CP Executive

Europe’s AXA Investment Managers – Real Assets has ramped up its logistics portfolio across the Atlantic by closing on the acquisition of a sprawling 27-asset U.S. portfolio for about $875 million on behalf of its clients.

Old Stonehenge proposes nine-storey condo building

Residential  •  Urban Toronto

Developer Old Stonehenge has engaged Studio JCI for the design of a proposed nine-storey condo building at 2116 Eglinton Ave. W., midway between the Fairbank and Caledonia stations on Toronto’s upcoming Crosstown LRT. A total of 104 condominium units are proposed.

Montreal bucks trend, sees rents increase

Residential  •  Montreal Gazette  •  Montreal Gazette

Montreal has bucked a trend among Canada’s major cities, a report from rentals.ca suggests. The national average rent for properties listed on the site declined 9.1 per cent year-over-year in November, whereas rents in Montreal were up three per cent.

New GTA single-family home sales hit five-year high

Residential  •  Toronto Star  •  Globe Newswire

New construction single-family home sales continued to soar in November, up 68 per cent year-over-year and 58 per cent above the 10-year average as the race for more space continued in the GTA, the Building Industry and Land Development Association (BILD) said.

BILD, OHBA support Ontario move to tighter restrictions

Residential  •  Globe Newswire

The Building Industry and Land Development Association (BILD) and the Ontario Home Builders’ Association (OHBA) support Monday’s provincial government action to combat rising COVID-19 cases. The industry recognizes the immense responsibility that comes with an essential workplace designation.

A year like no other at RENX yet overall, very fortunate

RENX  Residential, Commercial

At RENX, while 2020 has been a year like no other with the COVID-19 pandemic presenting unforeseen challenges, all things considered, we have been very fortunate. We are incredibly grateful to our roster of advertisers, existing and new, who have

A year like no other at RENX yet overall, very fortunate

RENX  Residential, Commercial

At RENX, while 2020 has been a year like no other with the COVID-19 pandemic presenting unforeseen challenges, all things considered, we have been very fortunate. We are incredibly grateful to our roster of advertisers, existing and new, who have