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2-hotel Vancouver dev. would help lead Granville St. renewal
2-hotel Vancouver dev. would help lead Granville St. renewal
A proposed 464-room hotel project on Vancouver’s Granville Street by Deecorp Properties aims to help spark new life into the city’s main entertainment and music district.
Calgary's iconic Symons Valley Ranch for sale as dev. site
The iconic Symons Valley Ranch site in Calgary is listed for sale by commercial real estate firm JLL Capital Markets under a court-ordered process.
160 development-ready acres for sale in Ottawa
A 160-acre parcel of land steps away from south Ottawa's future Hard Rock Hotel and Casino is for sale. Avison Young, which is marketing the property, says it is the largest tract of development-ready land currently available in Ottawa.
CMHC-insured modular apt. loan a first for prefab housing
The first modular apartment construction loan in Canada to be insured by the Canada Mortgage and Housing Corporation (CMHC) could break the dam for future projects of its kind, says the asset manager closing the deal.
Edmonton passes zoning bylaw allowing three-storey apts.
Property owners in Edmonton will be able to build three-storey apartment buildings, townhouses, rowhouses or duplexes with up to eight units in any residential area citywide starting next year.
Equiton acquires London multiresidential for $21.5M
The Equiton Residential Income Fund Trust Tuesday announced the acquisition of Scenic Tower, a multiresidential property situated in London, Ont., for $21.5 million. Scenic Tower has nine storeys, 115 units and 148 combined outdoor and underground parking spots.
 | Gryphon Development Emergent Oakridge District shows Vancouver in its golden era of developmentGryphon Development launches mixed-use tower in area with medical office, co-working and club-level amenities at forefront. Sponsored by: Gryphon Development |
Judge dismisses developer's $20M Winnipeg dev. claim
A judge has dismissed Terracon Development's $20-million claim the City of Winnipeg backed out of an agreement to develop 237 acres of vacant industrial land, then abused confidential information to work out a deal of its own.
Alberta city tries to give landowner $110K tax refund
A provincially appointed supervisor is asking the Alberta government to launch another investigation into the City of Chestermere after council’s repeated attempts to refund over $100,000 to a landowner while city employees conduct a cleanup on the land.
Foodtastic buys Noodlebox, expanding restaurant portfolio
Foodtastic Inc., a franchisor of restaurant brands in Canada, announced its recent agreement to acquire Noodlebox, which currently has 46 locations open and a further 50 in the development pipeline.
Foreign buyer ban shelves B.C. resort expansions
Christopher Nicolson, Canada West Ski Areas Association CEO, said a key damper on expansion is the federal government’s two-year moratorium on foreign buyers, which has nixed residential construction at Apex, Silver Star and Sun Peaks resorts in the Thompson Okanagan.
Feds must intervene in Seaway strike: Business groups
Business groups urged the federal government to intervene to void a lengthy labour dispute at the St. Lawrence Seaway amid concerns that a strike that began early Sunday could have a profound affect on their members.
CLC anxious to begin residential development
Canada Lands Company (CLC) CEO Stéphan Déry has decided to be more proactive in responding to the housing crisis, hoping to begin the first phase of real estate development on sites it owns in Saint-Laurent and in Pointe-de-Longueuil, Que.
The One condo buyers won't get deposits back
Buyers of units in The One, a luxury condo project in Toronto that is years behind schedule, cannot walk away with their deposits even though developer Sam Mizrahi was forced into receivership owing to cost overruns and debt defaults.
Students struggle to find safe housing in B.C. rental crisis
In its annual academic experience survey, the University of B.C.’s Alma Mater Society found about eight per cent of students experienced some kind of homelessness. Out of 3,500 respondents, 57% said they had experienced financial hardship related to housing.
Windsor's rental rates lowest among Ontario cities
Windsor has the lowest average apartment rents among 19 Ontario cities in rentals.ca’s October survey of 35 municipalities across Canada. The average rent for a one-bedroom apartment locally is $1,529 while a two-bedroom apartment is $1,952.
Fed flags concerns about office market
The Financial Stability Report, by the Federal Reserve, flagged concerns about the risks of persistent inflation, the potential for large losses in the U.S. office market and funding pressures on some banks.
Global data centre capacity expected to triple in 6 years
A study published Tuesday by Synergy Research Group projects global hyperscale data centre capacity will triple in the next six years, with the average power demand from these data centres doubling in the interim.
Woes grow for Credit Suisse funds
Credit Suisse’s flagship real estate fund saw the value of its portfolio plunge by nine per cent in Q3 as the global property correction accelerated. It said it is trying to sell “several properties in a challenging market environment.”
European real estate stocks at nearly 12-year low
Shares of European real estate companies slumped to their lowest level in nearly 12 years. The Stoxx 600 Real Estate Index fell 2.0% as bond yields edged up, putting it on course for its lowest closing price since January 2012.
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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