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GST waiver allows Dream to build 5,000 rental units: Cooper
GST waiver allows Dream to build 5,000 rental units: Cooper
Dream Unlimited Corp.’s (DRM-T) Michael Cooper tells RENX legislation to remove federal sales tax on construction of rental housing is a “game changer” which allows his firm to develop 5,000 purpose-built rental units in Ottawa, Toronto, Saskatoon and Calgary.
Million-square-foot Ontario industrial portfolio for sale
CanFirst Capital Management has put eight Ontario logistics and industrial assets totalling 1.05 million square feet on the market through RBC Capital Markets Real Estate Group and CBRE.
Ontario proposes new way of funding GO stations
Ontario Minister of Infrastructure Kinga Surma says legislation she introduced would let municipalities fund the design and construction of new GO stations. Municipalities could then recover the costs by levying a Station Contribution Fee on development built around the station.
Distressed asset sales remain relatively consistent: JLL
Distressed asset sales were a nominal and relatively consistent fraction of the Canadian investment property market in the first half of 2023, accounting for less than two per cent of total transaction volume, according to JLL’s fall outlook on CRE.
First Amazon workers move into Vancouver's The Post
Amazon office employees have begun moving into first five office floors of The Post’s South Tower in downtown Vancouver. All 1.1 million square feet of office space in Metro Vancouver's largest office building is leased to Amazon.
 | NORR Urban heat place-based resiliency strategiesUrban heat is harming our cities and the people who live in them. A phenomenon called the urban heat island effect is on the rise and local-level decision-makers must act expediently to execute place-based resiliency strategies to mitigate the impacts. Sponsored by: NORR |
Taking a peak at Hazelview's converted office building
Hazelview Investments has converted two office buildings into residential apartments. One of them, the Medical Arts Building in Winnipeg, added about 104 new rental units to the city’s downtown real estate market, opening its doors to residents in 2021.
Winnipeg's HBC building receiving $130M makeover
The iconic Hudson’s Bay building in downtown Winnipeg is undergoing a multi-phased, $130-million mixed-use transformation, making it one of the largest redevelopment projects of its kind in Canadian history led by the Southern Chiefs’ Organization.
Billy Bishop Airport crucial asset for Toronto’s future
OPINION: There are few better symbols of Toronto’s aspirations as a global city than an airport that is so inextricably woven into its urban fabric. Stakeholders must do all that they can to ensure that Billy Bishop continues to operate.
Can Toronto's Yonge-Dundas Square be fixed?
Toronto designed Yonge-Dundas Square to emulate New York’s Times Square. However 20 years after it first opened, the square is in trouble. In part due to rising security costs, it is both expensive to run and expensive to rent.
KIT + ACE launches expansion under new ownership
Retailer KIT + ACE, purchased this year by Unity Brands Inc., owned by well-known Canadian entrepreneur Joe Mimran, David Lui and Frank Rocchetti, will soon be opening pop-ups at CF Toronto Eaton Centre and CF Market Mall in Calgary.
Port of Vancouver volumes up 11% in first half of 2023
The Port of Vancouver saw overall growth of 11 per cent in cargo volumes in the first half of 2023, with some record or near-record growth in some sectors, like cruise ships and grain exports, according to mid-year cargo statistics.
129-unit Hyatt House coming to Thunder Bay
Brandon, Man.-based Genesis Hospitality Management is bringing a six-storey, 129-unit Hyatt House to Oliver Road in Thunder Bay. Ont. The company also has plans for a franchise restaurant in a separate building on the same property.
Great Gulf unveils Active House design in Bradford
Great Gulf, a Toronto-based developer and designer of low- and high-rise housing, unveiled its first home built under Active House principles in Bradford, Ont., with plans to offer its design across other communities in the province.
'Perfect storm' severely limits GTA rental dev.: Urbanation
The shortage of GTA purpose-built rentals has been decades in the making. And now a "perfect storm" of factors has made the impact on the rental market and rent prices especially acute, says Shaun Hildebrand, president of Urbanation.
N.S. to remove sales tax from new rental construction
Nova Scotia Premier Tim Houston says his government will remove the provincial portion of the harmonized sales tax from the construction of new rental apartment buildings, mirroring the federal government, which is removing GST on rental housing starts.
Brookfield to acquire $800M Veritas loan portfolio: Report
Brookfield and Ballast Investments are teaming up to purchase a bundle of troubled loans tied to apartment properties owned by Veritas Investments, the city’s largest multifamily landlord, the San Francisco Chronicle reported, citing anonymous sources.
As WeWork scrambles, $7B in CRE value in jeopardy
WeWork's U.S. portfolio totals 15.5M SF across 268 properties, which have a combined total footprint of 90 million square feet. If it ceases operations and its locations aren't backfilled, building owners would lose $7B in property value.
U.S., U.K. CRE investment heads for deep freeze: MSCI
Up to half of all commercial property in London, almost a third in Washington, D.C., and about a quarter in New York could be worth less than what owners originally paid for it, according to a MSCI Real Assets analysis.
Rite Aid considers closing up to 500 stores
Rite Aid has proposed closing between 400 and 500 of its stores as part of its bankruptcy proceedings and either selling or turning over the remaining stores to its creditors, The Wall Street Journal reports, citing sources.
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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