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Tricon, Kilmer get Toronto's Housing Now initiative under way
Tricon, Kilmer get Toronto's Housing Now initiative underway
Tricon Residential and Kilmer Group have broken ground on the first Housing Now project to move forward since the initiative was approved in January 2019. Housing Now utilizes City of Toronto-owned lands to stimulate the development of affordable rental housing.
 | The People Space Hill moving to OMERS, senior hires at Genesis, Parkland, Epic ...Don WilcoxManaging Editor, RENX |
Nearly 200 buildings destroyed by B.C. wildfires
The latest estimates from fire chiefs in B.C.'s Central Okanagan region suggest that fewer than 200 buildings have been destroyed in aggressive wildfires that swept through West Kelowna and the surrounding area last week.
Staffer resigns; OPP refers Greenbelt probe to RCMP
The Ontario Provincial Police, which has been reviewing whether to launch a criminal investigation into Premier Doug Ford’s Greenbelt land swap, is referring the matter to the Mounties. Ryan Amato, chief of staff for Housing Minister Steve Clark, resigned Tuesday.
Vic West residential dev. complete after 21 years
The Railyards’ colourful playground is the newest and final piece in the site’s 21-year build-out where residential buildings housing nearly 500 units have been constructed on top of what was once a bleak former industrial site in Vic West.
Taggart's Ottawa towers proposal returning to committee
Taggart Realty Management's proposal for 16- and 27-storey towers at 1081 Carling Ave. will return to Ottawa's planning committee as the required notice of a public meeting wasn’t given to Agriculture and Agrifood Canada and the National Capital Commission.
Therme Canada alters proposal for Ontario Place spa
Therme Canada has redesigned its proposal for a spa and waterpark at Ontario Place, after outcry from community groups and politicians who oppose plans to privatize parts of the Toronto waterfront site.
First Capital launches bricks-and-mortar program
First Capital REIT is launching a new program, Our Starter Space, to help small businesses in Canada launch their brick-and-mortar presence.
Brantford rubber factory billed $666K over mega-fire
North West Rubber in Brantford is being billed $666,000 for costs related to fighting a fire that burned for two days at its plant in 2022. There was a similar fire at the same Henry Street plant in 2019.
Climate risk matrices should matter to investors
Incorporating physical climate risk into portfolio management by developing and applying climate risk matrices should be a key consideration for investors across many varied industries, according to the University of Waterloo’s Intact Centre on Climate Adaptation.
Top construction project starts in Canada
The accompanying table records the 10 largest construction project starts in Canada in July 2023. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the civil and non-residential building categories in Canada.
Zara owner buys Chicago apt. tower for $232M
Amancio Ortega, founder of the Zara clothing chain, acquired a luxury apartment building in Chicago for $232 million to add to his growing U.S. property portfolio. Pontegadea acquired 727 West Madison from an Ares Management and F&F Realty JV.
2 Thor Equities Manhattan properties in receivership
Thor Equities has lost control of two more pieces of its Manhattan office and retail portfolio. 597 Fifth Ave. and 3 East 48th St., two adjacent properties, were put into the care of a court-appointed receiver.
Schwab to cut staff, real estate to save $500M a year
Westlake, Texas-based Charles Schwab Corp. is planning to cut jobs and close or downsize offices to achieve at least $500 million in annual cost savings as the brokerage responds to investor pressure.
Retailers to open 1,000 new U.S. stores
Retailers across the U.S. are poised to open 1,000 net new stores this year. This expansion comes at a time when retail space availability has reached record lows, demonstrating the sector’s ability to weather the storm in commercial real estate.
Housing market in a state of crisis: Desjardins
Canada’s housing market is in a state of crisis, according to a new report from economists at Desjardins, who outlined actions that each level of government and industry players could take to help increase supply.
GTA home building shifts into low gear
“We have builders that have land, they could build, but they are not going to cut prices to hit their market," said Residential Construction Council of Ontario president Richard Lyall. That mirrors sentiments by the Canadian Home Builders’ Association.
GTA sees lowest new condo sales in 23 years: BILD
A “perfect storm” of high interest rates and cost pressures has led to the lowest number of new condo units being sold in the GTA in 23 years, according to the Building Industry and Land Development Association (BILD).
Ont. to update Development Charges Act
At the 2023 Association of Municipalities of Ontario (AMO) Conference on Tuesday, Housing Minister Steve Clark announced the government's intention to update the definition of "affordable" as part of upcoming changes to the Development Charges Act.
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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