LocationsRecent Articles
Primaris moves to sell McAllister Place mall in Saint John
Primaris moves to sell McAllister Place mall in Saint John
As Canada's major retail owners continue to adjust their portfolios, Primaris REIT (PMZ-UN-T) has put McAllister Place, a 399,710-square-foot enclosed mall at 519 Westmorland Rd. in Saint John, N.B., on the sale market.
Artis REIT increases stake in Dream Office REIT to 20%
Artis Real Estate Investment Trust (AX.UN-T), together with its joint actors, has increased its position in Dream Office Real Estate Investment Trust (D.UN-T) to 20.75 per cent.
Concert to begin developing two-tower site in Coquitlam
Four years after its master plan was approved by the City of Coquitlam, Concert Properties will move forward with the first phase of the project, to deliver two high-rise residential towers on a 6.7-acre site along Cottonwood Avenue.
Fengate makes $1.8B investment in eStruxture Data Centers
Fengate Asset Management is making a $1.8 billion investment into eStruxture Data Centers to provide capacity to expand its nationwide network. “The record-breaking investment is the single biggest to ever be made in the Canadian data centre sector."
Toronto hotel slated to be replaced by 66-storey tower
Republic Developments says there are no “imminent” plans to demolish The Anndore House until market conditions improve, but adds “the site is in an incredibly desirable location and it is only a matter of time before it’s redeveloped . . .”
Toronto's $1.3B rebuilt Don River nears completion
The rebuilding of Toronto’s long-lost Don River mouth is nearing completion, the star of the $1.3-billion Port Lands Flood Protection Project. The recently flooded channel forms Villiers Island as it meanders past the post-industrial landscape.
Huge expansion planned for Toronto subway line
A major extension is in the works for Toronto’s shortest subway line, Line 4 Sheppard, and Metrolinx is asking the public to help shape the line’s future. Opened in 2002, the truncated Sheppard line has been criticized as a ‘stubway’.
Regina city council rezones for four storeys near transit hubs
A third round of zoning changes to allow denser housing development sailed through Regina city council, okaying mid-rise apartments in areas near high-use bus corridors. Special zoning pockets will be added to the Official Community Plan for multi-unit developments.
Vancouver seeks feedback for 'Civic District' around city hall
The City of Vancouver is seeking feedback on transforming the area around city hall into a “Civic District”. The 3.5-hectare space is bound by Broadway and 12th avenues, and Cambie and Yukon streets..
Neighbourly Pharmacy acquires six more locations
Neighbourly Pharmacy Inc. says it has acquired six pharmacies across Canada. Financial terms were not available. The company acquired five locations in Saskatchewan, Nova Scotia and British Columbia in separate transactions. A sixth deal for a B.C. location is expected.
Court approves Red Lobster Canada sales process
An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada. Filings made on June 11 detail steps meant to “preserve” Red Lobster’s business in Canada and the employment of the company’s 2,000 workers.
WorkSafeBC completes crane safety review
WorkSafeBC has released several key recommendations in an effort to boost crane safety, following four incidents in Metro Vancouver this year, including one that was fatal. The recommendations come following a “comprehensive review” that involved 130 stakeholders across the industry.
Average rents continue to fall in Hamilton
The average rent for a one-bedroom apartment in Hamilton fell again last month, with new tenants now paying less than they would have last spring. One-bedroom units cost an average of $1,806 a month in May.
Quebec rents are rising faster than inflation
A new report from Regroupement des committees logement et associations de tenants du Québec (RCLALQ) sounds the alarm in the face of a “completely unbalanced” rental market. Data shows rents increased by 50 per cent between 2020 and 2024.
Government appoints new CEO and board chair at CMHC
Canada’s Housing, Infrastructure and Communities Minister, Sean Fraser, has announced the appointment of Coleen Volk as the new chief executive of Canada Mortgage and Housing Corporation (CMHC), and Don Iveson as the chair of the board.
B.C.'s rennie to broker Disney's Storyliving community
B.C.-based real estate marketing firm rennie has been named the Western Canadian broker for Cotino, a Storyliving by Disney community. The company will manage sales inquiries from Canadian homebuyers interested in living closer to Disney California.
New York RE brokers protest city plan to change fee structure
Real estate brokers in the hundreds gathered around New York City Hall protesting a plan to force building managers to pay their leasing commissions - not tenants. “There will be more,” broker Graig Linn assured, venti iced Starbucks coffee in hand.
China's factory output disappoints, property sector stuck in doldrums
China's May industrial output lagged expectations and a slowdown in the property sector showed no signs of easing despite policy support, adding pressure on Beijing to shore up growth. Apart from retail sales, the flurry of data was largely downbeat.
China's property measures give sales a boost, but only in big cities
China's latest property support measures have boosted transactions in its biggest cities, but activity in smaller localities is struggling to get off the ground, pointing to more pain ahead for most of the country's real estate market.
Trez Capital targets high-growth Phoenix market
Trez Capital, an investment manager and financing provider for commercial real estate, has announced the relocation of its western United States operations to Phoenix.
Industry Events
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Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
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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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