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Apt. investment sector sees fewer deals, smaller assets trading
Apt. investment sector sees fewer deals, smaller assets trade
The number of purpose-built apartment transactions, and the size of those deals, has been trending downward. Higher interest rates are one reason for the trend, but other factors are also at play.
Stack, First Gulf finish Phase 1 of 56MW Toronto data centre
STACK Infrastructure Inc. has completed the first phase of its 56-megawatt flagship Toronto campus.
Whiteland bringing mixed-use project to north Winnipeg
Whiteland Real Estate, which had exclusively operated in Winnipeg's industrial sector, is bringing its first mixed-use project in the province’s capital. Polaris Place, a 43-acre node, will include 760 apartment units and 74,000 square feet of commercial space.
Lower Mainland industrial asset sales fall 59% Y-O-Y
Financing costs are being blamed as year-over-year declines in sales and dollar volumes highlighted a slumping Q2 in the Lower Mainland's commercial real estate market, according to data from Commercial Edge. Industrial land sales were down 59 per cent year-over-year.
U.S. food distribution giant unveils $50M Ingersoll plant
Liverpool, N.Y.-based food industry redistributor Dot Foods Inc. had just started building its new $50-million distribution centre in Ingersoll, Ont., when it realized it needed to go bigger. It unveiled its new 170,000-square-feet plant on Friday.
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Minto launching Phase 2 of Oshawa's Heights of Harmony
Minto Communities Canada is set to launch Phase 2 of its Heights of Harmony master-planned community in Oshawa, offering homes for a diverse range of families types in Durham Region.
Phase 2 of Mon Symposium launches in Québec City
Développement FSTB and the Fonds immobilier de solidarité FTQ announced the launch of Phase 2 of Mon Symposium, a residential rental project in the Québec City borough of Les Rivières featuring 166 units over six storeys.
Canderel launches RNZ building decarbonization service
Montreal-based real estate company Canderel Management Inc. has launched its own decarbonization service for landlords and asset managers, dubbed Road to Net Zero (RNZ). RNZ promises a holistic approach to decarbonization, including real-time optimization and monitoring.
Interrent, Crombie, Allied set to outperform: Scotiabank
Scotiabank believes the REITs that have lagged year to date and that are also forecasting accelerating cash flow are set to outperform. Examples include Interrent REIT (IIP-UN-T) and to a lesser extent Crombie REIT (CRR-UN-T) and Allied Properties REIT (AP-UN-T).
Wolseley Canada to open new store in East York
Wolseley Canada announced the grand opening of its newest location in East York on Sept. 26. Located at 30 Bermondsey Road, the store is 29,000-square-foot facility offering a full range of Wolseley Canada’s roster of plumbing and HVAC products.
Little Giant Architecture making huge strides across the West
When Mark Burkart opens his satellite office of Little Giant Architecture in Victoria, he will have bookended his business that has grown to work on projects evenly distributed between Alberta and B.C.
Office conversions eligible for federal GST rental rebate
The federal government’s elimination of GST on the construction cost for new secured purpose-built rental housing will include the conversion of office buildings. However, renovations of existing residential buildings are ineligible due to renoviction concerns.
CMHC examines 1970s tax shelter in hunt for rental solutions
The Canada Mortgage and Housing Corporation reached back nearly five decades to examine a long-abandoned tax shelter that was aimed at spurring the construction of apartment buildings as it analyzes how to deal with the "persistent undersupply" of rental housing.
Vancouver abruptly loses another city planner
The appointment of chief planner Theresa O’Donnell has “concluded,” The City of Vancouver announced Thursday, days after the new council gave her team a unanimous approval for a significant new policy allowing up to six units on most residential properties.
Burned Epic Alliance investors should get answers in 2023
People who collectively lost millions of dollars when Saskatoon-based real estate company Epic Alliance shut down should have some answers later this fall. The firm closed its doors suddenly in January 2022 with more than $200 million unaccounted for.
OMERS acquiring commercial restoration services firm
OMERS Private Equity announced the signing of a definitive agreement to acquire a majority stake in Knight Commercial. Dallas-headquartered Knight provides mitigation, reconstruction and roofing services to leading commercial property owners and asset managers. Financial terms were not disclosed.
Teachers' invests in Omega Healthcare Investors REIT
Ontario Teachers’ Pension Plan recently made a significant investment by acquiring shares in Omega Healthcare Investors, Inc. According to the Securities and Exchange Commission’s disclosure, Ontario Teachers' bought 20,349 shares, valuing the transaction at approximately $558,000.
CalPERS invests $1.9B in Blackstone, Mesa West funds
California Public Employees' Retirement System invested $1.5 billion in Blackstone Real Estate Debt Strategies V and $350M in Mesa West Real Estate Income V. The $444 billion pension fund disclosed the investments in a meeting document.
Sabey planning $950M data centre campus in Oregon
Sabey Data Centers has purchased 60 acres for a major new data centre campus along Oregon's Columbia River, an emerging submarket that has drawn the attention of Amazon and Google.
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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