LocationsRecent Articles
Equiton buys Vicinity Condos development property in Toronto
Equiton buys Vicinity Condos dev. property in Toronto
A vacant half-acre lot formerly occupied by a gas station and car wash at 875 The Queensway in Toronto, which will be the site of the proposed 150-unit Vicinity Condos, has been acquired by Burlington-based Equiton.
Concert Income Properties acquires 10-storey Van. apt. bldg.
Concert Income Properties (CIP) has acquired The Standard, a class-A, mixed-use multiresidential building located at 1142 Granville St. in downtown Vancouver.
Reboot expected on Richmond mixed-use project
Alderbridge Way LP plans to submit a building permit application by Nov. 1 for the Atmosphere development in Richmond’s city centre that is under creditor protection. The plan includes an office tower and six residential towers comprising 824 units.
Brad-Jay transforming Jane and Finch neighbourhood
Toronto’s Jane and Finch neighbourhood, including the Jane Finch Mall property, is slated to be transformed by developers Brad-Jay Investments Ltd., with new housing, commercial and retail development after the completion of the city’s new Finch Ave. LRT line.
Office investments, valuations declined in 2022: TD report
Investments in office real estate, as a part of total transaction activity, declined by 20 per cent in North America and 50 per cent in Europe and Asia-Pacific in 2022, according to a new report by TD Global Investment Solutions.
 | NORR Urban regeneration strategies: Why densification mattersUrban regeneration strategies are a long game – but can bring significant value over time as a transformative force for neighbourhoods and cities. Get perspective on the economic, social and sustainability benefits that drive ROI for owners, investors, developers and municipalities. Sponsored by: NORR |
Montréal’s retail sector thrives with decreased vacancies: JLL
Overall, there have been many improvements in Montréal’s retail sector as vacancies have decreased with foot traffic and sales continuing to climb, says a new retail report by JLL. There’s also quite a bit of activity on iconic Sainte-Catherine Street.
T.O. restaurants see double-digit decline in people dining in
Toronto restaurants have witnessed a year-over-year, double-digit decline in the volume of in-person diners, according to OpenTable, which suggests consumers are pulling back on discretionary spending amid the rising cost of living.
Artis retains BMO Nesbitt Burns for strategic review
Winnipeg-based Artis REIT (AX-UN-T) announced the board's special committee has retained BMO Nesbitt Burns Inc. to provide financial advisory services to the REIT and special committee in connection with Artis' previously announced strategic review process.
Crystal Homes tops off first mid-rise Nuvo condo in Oakville
Crystal Homes, in collaboration with Fernbrook Homes, topped-off its first mid-rise development Nuvo Condominiums in Oakville that marks a change of pace for the land developer, homebuilder and broker.
Investors account for 30 per cent of homebuying: BOC
Investors have become more prevalent in Canada’s housing market, accounting for 30 per cent of all residential real estate purchases in the first part of this year, according to data released by the Bank of Canada.
Ontario housing starts at a 30-year high
Ontario has seen more housing starts over the past two and half years than it has in the last 30 years. But it is far behind the province’s 150,000 yearly target to reach 1.5 million new homes in a decade.
Interest rate hikes leave Calgary landlords struggling
Calgary landlords are feeling the pinch as federal interest rates rise, with many forced to increase tenant rents to mitigate operational costs and mortgage payments, while others sell off rental properties to stave off financial losses.
B.C. caps allowable rent increase in 2024 at 3.5%
The B.C. government has set next year’s maximum allowable rent increase at 3.5 per cent. The rent cap for 2024 is well below the 12-month average rate of inflation of 5.6 per cent, said the government in a statement.
AIMCo opens first Asia office in Singapore
Alberta Investment Management Corp. (AIMCo) is opening its first Asian office, but the Edmonton-based fund manager says it will steer well clear of China to focus instead on markets with less geopolitical risk.
U.S. banks to lose $250B in office holdings: Investor
Kyle Bass, founder of Hayman Capital Management, said the U.S. banking industry will lose hundreds of billions of dollars from exposure to the office market amid shifting workplace trends and elevated interest rates.
IRS audits planned for $10B-plus CRE partnerships
The Internal Revenue Service plans to audit 75 large partnerships, including real estate specialists and hedge funds, though the agency hasn't named the companies involved. Each of the audited companies will have assets averaging $10B, according to the agency.
Blackstone buys Australia's Student One for $322M
Blackstone (BX-N) has purchased Brisbane-based Student One for more than $322 million US, according to sources, marking the U.S. private equity giant’s first student accommodation investment in Australia and in the broader Asia Pacific region.
22 years after 9/11, rebuilding organization to cease
More than 20 years after the 9/11 terrorist attacks shook New York City to its core, the Lower Manhattan Development Corp - the state-run agency tasked with rebuilding Lower Manhattan in its aftermath - could soon cease to exist.
Country Garden secures bondholder reprieve: Sources
China’s largest private property developer Country Garden won approval from its creditors to extend repayments on six onshore bonds by three years, two sources familiar with the matter said on Tuesday, sending shares up as much as 10 per cent.
Industry Events
-
Canada Real Estate Auction
Oct 22 2024
-
Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
-
MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
