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5 multires towers planned by Colonnade BridgePort in E. Ottawa
5 Ottawa multires towers planned by Colonnade BridgePort
Colonnade BridgePort is wasting no time moving to develop a four-acre parcel of land along a LRT corridor in Ottawa’s east end, filing a proposal with the city for a five-tower purpose-built rental development which would include about 1,200 units.
Inflation rate falls to 2.8%, lowest since early 2021
Canada's annual inflation rate is at its lowest level since early 2021 and is now within the Bank of Canada’s target range – a milestone on the road back to price stability, but a journey that could last another two years.
Marché Leo’s plans expansion with 3 T.O. stores
Marché Leo’s, a growing food and grocery retailer, is scheduled to open three new locations in Toronto – in the Corktown, Waterfront and Dundas areas. The company’s 40,000-square-foot flagship location on the Waterfront is expected to open next summer.
 | The Property Law Hub Court provides guidance on debt enforcement and jointly owned propertyDaniel WaldmanLawyer, Dickinson Wright LLP |
Oshawa developments tackling Ont. home shortage
Once a country crossroads in rural Oshawa, the intersection of Conlin Road and Harmony Road is now the site of four major low-rise development projects, including one by Tribute Communities, designed to feed an insatiable housing demand.
Gupta makes revised proposal for 23-, 40-storey condos
Gupta Group has revised its two-tower condo tower at 906 Yonge St. in Toronto's Yorkville neighbourhood, just 340 metres north of Bloor-Yonge station. The Arcadis-designed proposal would provide 23- and 40-storey towers with a total of 425 residential units.
Return to work keeps Lethbridge office market dynamic
Rising office construction costs have hit Lethbridge as hard as any other Prairie market, but demand for space has kept tenants opting for upgrades over older digs as the market tries to meet shifting demand, says Avison Young's Ashley Soames.
EverWind to acquire $1B in wind farms for N.S. facility
EverWind Fuels, a Halifax-based green hydrogen and ammonia fuel project developer, has announced a $1-billion private investment to acquire three wind farms in Nova Scotia totalling almost 530 megawatts of power for its Point Tupper production facility
Bosa proposes 60,000-sq-ft. B.C. facility for Tesla
Tesla plans a flagship delivery centre in Port Coquitlam with 75 per cent of new cars delivered to the Lower Mainland routed through the proposed 60,000-square-foot facility. Bosa Properties is advancing the proposal through Port Coquitlam council this week.
Zellers' next 21 pop-up shops coming to Canada
Canadian shoppers can expect the next set of Zellers pop-up stores to be open by Aug. 11, says Hudson’s Bay Co. The pop-up shops will be located within Hudson’s Bay department stores, offering shoppers a "bite-sized taste" of nostalgia.
CF Rideau Centre welcomes new retailers
Ottawa's CF Rideau Centre is adding first-to-market retailers Arc'teryx and Uniqlo. As well, the first Imaginaire store outside of Quebec is coming to the centre this fall. The three retailers will occupy more than 38,000 square feet of space.
Restructuring plan approved for Donnelly Group
Donnelly Group announced affected creditors have approved the plan of arrangement under the Companies' Creditors Arrangement Act. Donnelly's core portfolio consists of Freehouse Collective, a group of public houses, cocktail clubs and restaurants in Vancouver and Toronto.
Real estate woes drive $1.15B hit for Goldman Sachs
Goldman Sachs Group Inc. isn’t the largest property lender, but it has more than $14 billion of real estate investments. Writedowns of those bets helped drive a $1.15 billion hit in the second quarter.
Starwood defaults on $212.5M Atlanta office mortgage
Barry Sternlicht’s Starwood Capital Group is in default on a $212.5 million mortgage backed by Atlanta's Tower Place 100, another sign of mounting distress in U.S. commercial real estate.
U.S. industrial returning to normal: Prologis CEO
After three years of historic activity, the industrial market nationwide is getting back to a pre-pandemic normal, according to Prologis CEO Hamid Moghadam, speaking on his company's Q2 earnings call Tuesday.
Crowdfunded real estate deals unravel
Two deals orchestrated by CrowdStreet Inc., a real estate investment company that crowd-sources funds from relatively wealthy individuals, have fallen apart as investors’ money vanished from bank accounts earmarked to buy equity in buildings, according to bankruptcy court papers.
Luxury housing market has undergone a major change
Canada’s luxury housing market has bounced back in recent months, but it’s also undergone a major change: the four biggest markets can no longer be painted with the same broad brush, according to Sotheby’s International Realty Canada’s mid-year report.
Burden of housing costs in Vancouver keeps rising
For B.C. residents, particularly those in Vancouver, the burden of housing costs keeps climbing. New data shows 20 per cent of mortgage-holders in Vancouver are spending at least half their household income on shelter costs.
Ottawa-Gatineau housing starts surged in June: CMHC
Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate of National Capital Region housing starts totalled 12,085 last month, up from 4,820 in May thanks to a spike in construction of multi-unit projects such as condos and apartments.
It takes forever to build a house: CIBC's Benjamin Tal
VIDEO: Benjamin Tal, CIBC's deputy chief economist, says Canada's housing crisis is being intensified by labour shortages and rising input costs. He also says that more purpose-built apartments is a good solution to increasing affordable rental housing supply in Canada.
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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