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Minto plans up to 11 multires buildings at Calgary school site
Minto plans up to 11 multires buildings at Calgary school site
Minto Communities is increasing its presence in the Calgary real estate market with plans to build a large multiresidential development on a former school property which would include up to 2,500 units.
Mach buys Groupe Huot properties in $415M deal
Montreal-headquartered Groupe Mach Inc. is acquiring residential properties with close to 2,000 units as part of a deal that will see it take over $415 million of mortgages from diversified company Quebec City-based Groupe Huot.
Lenders set to curtail office exposure in 2024: CBRE
Lenders generally expect to curtail office exposure while increasing overall allocations to Canadian real estate next year. CBRE Canada’s annual survey reveals prospective borrowers should see a 16 per cent influx of net new capital into the market in 2024.
Marlin Spring rebrands as Baz Group of Companies
One of the Toronto region’s most active investors and real estate companies is celebrating its 10th anniversary by rebranding from Marlin Spring Investments to Baz Group of Companies.
Active gaming facility Activate plans national expansion
Active gaming facility Activate, a rapidly growing experiential concept in Canada, has signed new leases in Mississauga (Heartland), Toronto (Stockyards) and Cambridge. It is working on sites in London and Barrie, and in the U.S., U.K., and UAE.
Bloor St. West sees retail evolution: JLL
The opening of a new Browns Shoes store on the fashionable Bloor Street West retail strip is the latest indication that an uptick in leasing velocity may be on the horizon in the upcoming quarter, says JLL's Brandon Gorman.
 | Equiton Navigating Canada’s housing crisisIn the face of Canada's housing crisis, Private Real Estate Investment Trusts (REITs) emerge as a potential solution. They can address affordability, increase housing supply, and elevate property standards, offering hope for a more sustainable housing future. Sponsored by: Equiton |
Consumers to prioritize brick-and-mortar retail: Report
According to the Mastercard SpendingPulse report, Canadian in-store sales are expected to increase 2.8 per cent year-over-year. Coming off a strong post-COVID holiday season in 2022, consumer spending is expected to remain resilient this year.
Westdell's London proposal reduced to 15 storeys
Westdell Development has revised its proposal for a residential tower along a future corridor of London’s bus rapid transit system. The proposal reduces the number of storeys from 18 to 15 and the number of units from 187 to 177.
Loan default latest problem for Squamish ski resort
A receiver is being appointed after companies involved in the delayed development of a ski and snowboard resort near Squamish defaulted on loans. Aquilini Development, Garibaldi Resort Management Co. and 1413994 B.C. applied for the appointment of Ernst & Young.
First Nation partnering on $100M N.S. shipping terminal
Millbrook First Nation and transportation logistics company Canadian Rail Equipment Works and Services are partnering on the development of We'kopekitk, a $100 million inland shipping terminal on a 2,300-acre site near Truro in central Nova Scotia.
10 largest construction project starts in Canada
The accompanying table records the 10 largest construction project starts in Canada in October 2023. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the civil and non-residential building categories in Canada.
Canada Life to transfer residential mortgage portfolio to nesto
The Canada Life Assurance Company has announced it will move the servicing and support of its residential mortgages to digital company nesto. Montreal-based nesto will service and administer Canada Life’s residential mortgage portfolio starting in January 2024.
Alberta Land Title Office backlog reduced: Government
The Alberta government claims it has largely cleared a backlog at the Land Title Office (LTO) that, at times, resulted in processing of transfers and registration taking more than four months to complete.
B.C. speculation, vacancy tax raised $81M in 2022
According to ministry of finance data, the B.C. government raised $81 million from the tax that applies to homes left vacant and not rented out or otherwise occupied in certain parts of the province.
Timeline for B.C.’s new housing initiatives poses challenge
OPINION: Now that Premier David Eby has passed a generational change in housing policy, public attention is shifting to how it will all roll out in the real world. Timelines are all over the place for municipalities, developers and homeowners.
Panattoni to develop 360K-sq.-ft. warehouse in India
Panattoni has launched its inaugural project with Phase 1 of Panattoni Park NH71 in Delhi. The cutting-edge, environmentally conscious class-A warehouse park by Panattoni India is the company’s entrance into the Indian market.
SL Green sells 625 Madison Avenue for $632.5M
SL Green Realty Corp. (SLG-N) has entered into a contract to sell the fee ownership interest in 625 Madison Avenue for $632.5 million US, or $1,123 per square foot, to a global real estate investor.
WeWork looks to reject more leases
U.S. Bankruptcy Judge John Sherwood approved WeWork’s plan last week to walk away from 67 leases, nearly all of the locations the firm had requested to leave. In a new filing, the firm asked Sherwood to reject six additional leases.
PREIT on verge of second bankruptcy
Pennsylvania Real Estate Investment Trust (PRETL) is on the verge of its second bankruptcy since 2020, according to sources. The company is also seeking funding to facilitate the process, which would be a Chapter 11 reorganization.
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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