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CanFirst breaks ground on spec Mississauga industrial project
CanFirst breaks ground on spec Mississauga industrial project
CanFirst Capital Management has broken ground on a 14.08-acre site in Mississauga where it is developing, on spec, a 272,379-square-foot industrial building.
UBC to build 4,800 new student housing beds for $1.4B
The University of British Columbia's 316-bed student housing building, Brock Commons North, is the latest addition in its plan to build 4,800 beds. The estimated cost is pegged at about $1.4 billion or approximately $292,000 per bed.
Three premium Vancouver lots sell for $39 million
Three vacant lots on one of Vancouver’s most expensive streets have sold for $39 million. According to listing agent Malcolm Hasman, the sales of 4883, 4889 and 4899 Belmont Ave. were recorded on Tuesday.
Westbow buys Calgary's 41-storey Westview tower for $83.4M
A 41-storey tower in downtown Calgary has sold for $83.4 million, the largest multiresidential deal in the market during the past year. Westview Heights comprises 343 rental units and 6,000 square feet of main-floor commercial.
Allied closes $1.35B sale of T.O. data centres
Allied REIT (AP-UN-T) today announced it has closed the sale of its downtown Toronto-based Canadian data centre portfolio to Japanese telecom firm KDDI Corporation for $1.35 billion. KDDI owns and operates data centres in Asia, Europe and the U.S.
Terracap proposes three mixed-use towers in Mississauga
Terracap Management has proposed 30-, 40- and 55-storey mixed-use towers at 1535 Dundas St. E. in Mississauga's Dixie neighbourhood. The Gensler-designed towers would include 1,433 residential units in addition to 11,668 square feet of retail and 40,020 of office.
Resubmission proposes 45-storey tower in Upper Jarvis
Glen-Huntley Holdings Limited and APS Holdings Limited have resubmitted a proposal for a 45-storey residential tower at 10 Huntley St. in the Upper Jarvis area of Toronto. The design by Arcadis would comprise 334 residential units.
York proposes 193-unit townhouse project in NW London
London-based York Developments has proposed a 193-unit townhouse development at 1875 Dalmagarry Rd. in northwest London. The units would be three-storeys, divided among 46 townhouse buildings. The 7.4-acre site is formerly farm land.
Romspen cuts monthly distribution for fourth time
Private mortgage lender Romspen Investment Corp., is cutting its monthly payout for the fourth time in little more than a year, citing weak loan repayments and a real estate market that hasn’t faced this much trauma since the 1990s.
Telus taps into IoT for energy-efficient buildings
Telus Corporation (T-T) is drawing from its background in 5G, access control, security and Internet of Things (IoT) to develop a Smart Building solution that can reduce greenhouse gas emissions and costs with energy efficiency.
Charming Pointe-Claire Village lives up to its name
Even the newest businesses perfectly fit the spirit of Montreal's Pointe-Claire Village. There are no chain outlets, no Lululemons, no Starbucks. It’s all mom-and-pop stores — and that’s a big part of the reason people like the place so much.
Calgary’s University District adding new firms
University District, a 200-acre community spearheaded by the University of Calgary Properties Group, recently saw the opening of the Alt Hotel. Currently under construction are The Forge and Block 15, purpose-built residential rental buildings, and Autumn by Homes condos.
Brookfield leading candidate for 2,300-acre mixed-use
Brookfield Properties has emerged as the leading candidate to redevelop San Francisco's 2,300-acre Concord Naval Weapons Station property, a massive and long-awaited project slated for more than 12,000 homes and six million square feet of commercial space.
Amid CRE default concerns, bank capital rules to change
As property owners try to handle the fallout of higher interest rates, the industry faces another debt market hurdle: regulatory changes for large banks that could make financing more expensive.
Hybrid work is here to stay
WeWork’s future is in doubt. And Zoom Video Communications, the pandemic poster child of remote work, just told its employees to get back to the office. The headlines suggest flexible work is on the ropes — but it’s actually thriving.
Evergrande to delay meetings amid restructuring
Embattled property developer China Evergrande Group on Wednesday resolved to delay its meetings for the Hong Kong CEG class-A and class-C holders of debt to provide them more time to consider its fresh restructuring plan.
Lawsuit filed over Vancouver's empty homes tax
Two residents are taking Vancouver’s six-year-old empty-homes tax to court, arguing it violates the Charter of Rights and Freedoms and should be declared invalid. Lucy Dan and Danice Macleod allege the tax has created extreme psychological and financial stress.
Annual pace of housing starts fell 10% in July: CMHC
Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell 10 per cent compared with June when they posted the strongest showing so far this year.
B.C. family-style co-op one solution to affordability crisis
ANALYSIS: In the growing city of Kamloops, B.C., a group of people pooled their funds and had a 6,000-square-foot deluxe house built on a little more than an acre of property within walking distance of downtown.
As T.O. condo market cools, niche buyers move in
The condominium market has slowed in Toronto this summer, except for one cadre of buyers. Downsizers who have cash to spend are driving sales. However, even those in the upper echelons are looking for a deal.
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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