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Ellsworth Group JVs plan 2 large GTA mixed-use developments
Ellsworth Group JVs plan 2 GTA mixed-use developments
Ellsworth Group might be less than three years old, but the Toronto-based developer already has two major Greater Toronto Area mixed-use projects in the works – on 17.7 acres in Oshawa and an 11.7-acre site in Vaughan.
Marriott to anchor Denciti's $120M Fraser Gateway Centre
A new Fairfield Inn & Suites and TownePlace Suites by Marriott hotel, with 150 rooms, will be a major component of the $120-million Fraser Gateway Centre development in the Metro Vancouver City of Chilliwack.
Van. board conditionally approves Beedie condo project
The Vancouver Development Permit Board has voted to conditionally approve a condo project at 105 Keefer St. in the city's Chinatown district. The Beedie Group's project — a nine-story, 111-unit tower — was first proposed in a different form in 2014.
Winnipeg business park sells out in under five years
In 2018, when the 280-acre BrookPort Business Park was just an empty Winnipeg field, the principals at Whiteland Developers were giving themselves eight years to sell it out. It turns out they did it in less than five years.
Metropia's Union City condos top 1,200 sales in 3 towers
Metropia’s Union City master-planned community in Markham continues to drive strong interest from buyers with Tower 3 selling 325 units over its first five days, prompting the firm to accelerate its construction timeline.
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Van. proposes to limit empty tax refund for developers
ANALYSIS: Some of the developers who asked Vancouver city council for refunds on empty homes taxes for vacant condos might not be getting everything they hoped for. Unsold condos vacant for several years could still be subject to tax.
Montreal F.N. mixed-use embraces difference
The Odea, a 25-storey mixed-use residential building owned by the Cogir & Cree Regional Economic Enterprises Company, is designed to reflect Cree culture through the shape of the building, including an inverted canoe shape forming the front of the structure.
BMO's new HQ taking shape in CF Eaton Centre
In 2016, George Della Rocca, BMO’s global head of corporate real estate, proposed to the bank’s executive team an unexpected location for its next downtown Toronto office: Ontario’s largest shopping mall, CF Toronto Eaton Centre.
Edm., Calgary good choices for conversions: Hazelview
One early developer of Calgary and Winnipeg office conversions believes current market conditions make Edmonton an interesting proposition. “We’re looking there and across the country because it really shortens the timeline to add supply,” says Hazelview Investments' Michael J. Williams.
Multi-modal hub in the works for Port of Windsor
Preparations are getting underway for a cargo terminal infrastructure expansion and shoreline protection project at Port Windsor. The plan is to grow the port and build a new warehouse to allow for the storage of steel.
SL Green shares surge after selling half of NYC building
Shares of SL Green Realty Corp. (SLG.N) surged Monday after it announced the sale of a 49.9% interest in 245 Park Avenue to a U.S. affiliate of Mori Trust Co., at a gross asset valuation of $2 billion.
PacWest sells $3.5B loan portfolio to asset manager Ares
PacWest Bancorp unveiled a deal on Monday to sell a $3.54 billion lender finance portfolio to asset manager Ares Management, its latest move to strengthen its balance sheet after it was rocked by the U.S. regional banking crisis.
Ivanhoé makes self-storage investment debut
Ivanhoé Cambridge announced a new strategic partnership with Safely Store Self Storage, targeting the U.S. in its first entry into the self-storage sector. Ivanhoé Cambridge, another global institutional investor and Safely Store will be investing an initial US$400M.
Hedge fund BFAM shuts London office
BFAM Partners (Hong Kong) Ltd. parted ways with one of its most senior portfolio managers and shut its London office, marking the latest shake up at the hedge fund which was a high-profile trader of China high-yield property debt.
New Market Funds acquires more than 500 apartments
New Market Funds, manager of one of the first funds in Canada to bring market-based investors to the table with non-profit partners to create new affordable housing, recently acquired an interest in more than 500 apartments in Quebec and Ontario.
Homeowners abandon variable-rate mortgages
As interest rates continue their upward trajectory, the share of variable mortgages issued by chartered banks fell for the 13th straight month in April to a shade under eight per cent, according to data from Statistics Canada.
Housing market expected to remain hot: Desjardins
The slowdown in the Canadian housing market that marked much of last year appears over as prices and sales increase, and that strength is likely to continue, clipping affordability even more, according to economists at Desjardins Group.
Time to build housing in Quebec is now: Desjardins
It will take several years to ease Quebec’s housing shortage, which is why it’s imperative to start adding new units in earnest as soon as possible, says Guy Cormier, chief executive officer of Mouvement Desjardins, the province’s biggest mortgage lender.
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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