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Medallion continues major Toronto apartment developments
Medallion continues major T.O. apartment developments
Medallion Developments has a deep pipeline of development properties and, unlike some firms, is actively moving forward with growing its purpose-built rental apartment portfolio across the Greater Toronto Area and western Ontario.
Large-bay industrial proving most popular in GTA
David Owen, president of Toronto-based real estate agency Pure Industrial, says much of the new industrial construction in the Greater Toronto Area has been large-bay, one-tenant warehouse and distribution buildings built outside the city core.
Mic Mac Mall plans mixed-use redevelopment
Mic Mac Mall, Atlantic Canada’s largest enclosed shopping centre, is close to receiving final approvals for the M District, the planned mixed-use development of the site surrounding the mall that will include over 1,000 residential units and two office towers.
Windsor industrial real estate prices smashing records
Windsor’s industrial real estate market reached new heights in 2023 after a strong fourth quarter. The average sales price in Windsor ($175.55 per square foot) rose eight times as much as the national average (1.5 per cent), says CBRE.
Auto parts maker doubling size of Stratford factory
Global auto parts maker Aisin Canada is doubling the size of its Stratford factory in a move company officials say could add 150 full-time jobs. The planned expansion includes more than 134,540 square feet of new manufacturing and office space.
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Queen's Park approves three MZOs — with T.O.'s blessing
Ontario has quietly issued three minister's zoning orders in Toronto - the preservation and protection of air flight paths of Ornge emergency helicopters; the expansion of the University Health Network's Toronto Western Hospital patient tower; and the relocation of Iqbal Halal Foods.
Feds to offer low-cost loans for student housing
The federal government is offering low-cost loans to post-secondary institutions and builders to expand access to student housing on and off campus, in a bid to tackle the housing shortage across the country.
32-storey tower planned for SickKids hospital
The next step in Project Horizon, a massive transformation of Toronto's Hospital for Sick Children (SickKids), would add a 32-storey tower to the institution's main frontage, with the new addition dubbed the Peter Gilgan Family Patient Care Tower.
Sifton cheers London's plan to convert offices
Sifton Properties, now looking at converting some of its downtown office space into residential units, is cheering a proposed city initiative to subsidize such conversions, saying doing nothing is not an option for London.
Katasa Group withdraws $300K donation to Ottawa
Developer Katasa Group is withdrawing a controversial $300,000 donation to the City of Ottawa, saying the debate around it “seems to be more political than community-oriented.”
Red tape slows new housing delivery across Canada: CFIB
Housing supply in Canada is constrained by layers of municipal permitting processes that take up valuable time and money, according to a report by the Canadian Federation of Independent Business.
B.C. municipalities seek fresh ways to cut planning delays
Staff shortages have extended development timelines in municipalities across B.C. Councillors in Saanich approved a change to civic policies Jan. 22 that will tax new development and renovations to cover the resources and staff needed to support projects.
Concerns raised over B.C.'s Land Act amendments
The B.C. government is planning some major changes to the way land use decisions are made, and resource companies in particular may want to pay attention to the proposed changes,according to lawyers for the law firm McMillan.
Victoria residents face 7.93 per cent tax hike
Victoria homeowners are facing a 7.93 per cent tax increase this year — slightly less than what was proposed in the city’s draft budget.
Vision Capital claims IRES REIT board misleads shareholders
Canadian investment fund Vision Capital says the board of IRES REIT has “completely ignored” many of the charges it has laid against the firm’s management. Vision Capital holds a five per cent stake in IRES REIT.
Jackson-Shaw JV to develop 1.8 MSF industrial campus
Jackson-Shaw has partnered with Compatriot Capital for the development of Lakeview Business District, a more than 1.8 million-square-foot industrial campus in Rowlett, Texas, a Dallas-Fort Worth submarket.
Owners no longer discounting retail rent
The days of owners discounting rent to fill empty storefronts due to the pandemic are over, analysts say. U.S. shopping centre vacancy in Q4 2023 was 5.3 per cent, the lowest since Cushman & Wakefield began tracking it in 2007.
CBRE leads U.S. investment sales for 18th consecutive year
CBRE was the top-ranked firm for commercial real estate investment sales in the U.S. during 2023, according to MSCI Real Assets — the 18th consecutive year CBRE has claimed the top spot.
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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