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Civic, Windmill, CHFT JV on 3-tower Toronto co-op housing project
Civic, Windmill, CHFT JV on 3-tower Toronto co-op project
Civic Developments, Windmill Development Group and the Co-Operative Housing Federation of Toronto will transform a 2.88-acre City of Toronto site at 2444 Eglinton Ave. E. into Ontario's largest co-operative housing project - three towers and approximately 918 housing units.
Skyline acquires Calgary-area warehouse to end busy 2023
Skyline Industrial REIT ended 2023 as it began: actively buying, selling and developing industrial properties across Canada. The Guelph-based real estate company transacted on 1.6 million square feet of properties worth $388.68 million in 2023.
Toronto’s downtown office vacancy sets record
The vacancy rate for downtown Toronto office buildings reached a record high of 17.4 per cent at the end of last year as a flood of largely empty space from newly completed projects hit the market, according to CBRE Group.
AtkinsRéalis JV to deliver Toronto transit hub
AtkinsRéalis (ATRL-T) and Bird Construction have entered into an alliance development agreement to work collaboratively with Metrolinx to deliver the East Harbour Transit Hub: a new interchange station that is part of a broader transit-oriented community plan for Toronto.
Nordale proposes 35-, 37-storey mixed-use towers
Nordale Estates has proposed 35- and 37-storey mixed-use towers at 44 Romfield Dr. in Toronto's University Heights neighbourhood. The Kirkor Architects and Planners-designed project would include 972 residential units - affordable rental and condo - and 3,477 square feet of retail.
Brad Jay plans res. towers for Jane Finch Mall
Developer Brad Jay Investments is planning to redevelop Toronto's Jane Finch Mall to include a number of residential towers with thousands of units. Urban Strategies is the project's planning firm.
 | HighView Partners The Real Estate Compensation Guide 2024The real estate landscape is always changing, and this is what makes it so interesting and at the same time challenging. Sponsored by: HighView Partners |
Canada Post selling SCI Group to Metro Supply Chain
Canada Post Corp. has signed a deal to sell SCI Group Inc., its third-party logistics business, to Montreal-based Metro Supply Chain Inc. SCI has more than 75 locations and employs about 3,000. Financial terms were not immediately available.
B.C. construction industry expects ‘surprisingly robust’ 2024
Despite economic uncertainties, 87 per cent of B.C. contractors expect 2024 to be as busy – or even busier – than last year, according to an annual survey from the Independent Contractors and Businesses Association (ICBA).
Lytton offering 50% reduction on permit fees
Lytton Mayor Denise O’Conor is expecting more building permits to be issued “any day now” as the village takes another step toward rebuilding after it was mostly destroyed by a fast-moving wildfire in 2021.
StorageMart opens new facility in Woodbridge
StorageMart announced the opening of its latest facility in Woodbridge, comprising 368 units and 41,070 square feet of climate-controlled, self-storage space. StorageMart plans to open 469 more units by spring 2025, propelling the facility's capacity to 89,635 square feet.
Primaris REIT sets baselines for ESG targets
Primaris REIT’s (PMZ-UN-T) inaugural ESG disclosure will help establish its baselines for climate impact, sustainability and green buildings, according to the enclosed shopping centre-focused real estate owner. Its portfolio of 39 properties valued at $3.9B is spread across Canada.
Firms fined $400K in London construction collapse
Two Oxford County companies - East Elgin Concrete Forming and ISpan Systems - have been fined a combined $400,000 after pleading guilty to workplace safety charges connected to the partial collapse of a London apartment building that killed two construction workers.
Artist-space provider Artscape owed $21M to TD
Toronto Artscape Inc., a long-time provider of affordable housing and studio space for artists, owed Toronto-Dominion Bank more than $21 million when it announced last summer that it intended to wind down, according to new court documents.
T.O. budget may include double-digit tax hike
Toronto residents could be facing a 10.5% property tax increase this year with the prospect of that rising to 16.5 per cent unless the federal government commits money to support refugees. Council will vote on the budget in mid-February.
How to make Toronto's homebuilder program a success
OPINION: Despite the challenges, a number of steps can be taken to ensure Toronto’s new “public builder model” succeeds. First, the city should recruit a panel of seasoned development experts from both the private and non-profit sectors.
Brookfield sells manufactured home sites for $325M
A Brookfield Asset Management fund sold a large chunk of a manufactured housing portfolio as it seeks to capitalize on growing demand for the sector. The $325-million deal consists of 19 manufactured housing communities across seven U.S. states.
CRE experts split how to reset in 2024
While the majority of the 1,775 respondents to Bisnow’s 2024 predictions survey said they don’t intend to make any major moves this year, some view the next 12 months as prime time to capitalize on the wreckage of 2023.
What’s next for industrial real estate?
Industrial real estate was a top-performing sector in 2023, with demand near record levels. The sector is likely to remain bright, although growth will happen at a slightly slower pace due to several factors, experts agree.
Private equity’s horrible ’23 set to continue into ’24
U.S. private equity firms bought or sold $871B in assets last year, the lowest since 2016, PitchBook reports. The projected rate of distributions to private equity investors was the second-smallest in a quarter century, investment bank Raymond James says.
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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