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New Canadian dream? Industrial growth over home ownership
New Canadian dream? Industrial growth over home ownership
The Canadian dream will no longer be achieved by home ownership, but through sustainable industrial growth that will create unimaginable business opportunities for generations to come. So say Rosefellow co-founders Mike Jager and Sam Tsoumas.
NorthWest announces $276M U.K. JV. is off
NorthWest Healthcare Properties REIT (NWH-UN-T) announced its previously referenced institutional investor will no longer proceed with its $276 million U.K. joint venture. The REIT will continue to source an alternative partner to recapitalize its U.K. portfolio.
Kitchener approves Auburn's 13-building complex
Kitchener councillors have approved Auburn Developments' plan to transform the former Schneiders meat plant into 3,345 purpose-built rental units, contained largely in 13 buildings ranging from five to 38 storeys. The complex will include nearly 4,000 parking spaces.
Allied to sell $1.35B Toronto data centre portfolio to KDDI
Allied Properties REIT (AP-UN-T) has announced an all-cash agreement to sell its Toronto-based Canadian data centre portfolio to Japanese telecom firm KDDI Corporation for $1.35 billion.
Court asked to endorse sale of Groupe Sélection properties
PwC comptroller Christian Bourque has asked Judge Michel Pinsonnault, of the Superior Court of Quebec, to endorse the sale of 25 seniors residences of insolvent Groupe Sélection to joint owner Revera. Blackstone had already bought 12 other complexes.
Winnipeg’s Exchange District welcomes fresh investment
A tide of fresh investment is helping offset the looming prospect of rising office vacancies in downtown Winnipeg. IWG's Wayne Berger said the turnaround signals the kind of innovation that’s needed as the ways people use office space change.
Canaccord lowers Dream Office recommendation
With office fundamentals “weakened further in 2023, with a near-term recovery unlikely,” Canaccord Genuity analyst Mark Rothschild lowered his recommendation for Dream Office REIT (D-UN-T) to “hold” from “buy” following Monday’s close of its $193.8-million substantial issuer bid.
Indigenous-led projects are building 'pride of place'
Indigenous development in Metro Vancouver is challenging the way office space is envisioned by taking a holistic approach to the real estate asset class in a way that is fostering community living and “pride of place.”
OPINION: Trends are on the side of RioCan
Inadequate housing causes a plethora of socio-economic challenges for Canadians across the age and income spectrums, but it provides strong macro tailwinds for RioCan REIT (REI-UN-T), a large builder and owner of residential real estate, purpose-built rental, and commercial space.
Edmonton mass zoning change criticized
Edmonton’s plans to rezone the entire city to allow for more density and flexibility of housing and business operations were criticized by the public and lauded by development industry representatives at Edmonton city hall on Tuesday.
PASQAL to open quantum computer factory in Sherbrooke
PASQAL announced the creation of a factory to produce state-of-the-art quantum processing devices at Espace Quantique 1 of DistriQ – Quantum Innovation Zone in Sherbrooke, Que. PASQAL's 50,000-square-foot factory is scheduled to open in early fall 2023.
Polystyvert's recycling facility brings 'dream' to life
Polystyvert Inc. is constructing a recycling facility in Greater Montreal, part of its plan to foster a circular economy for polystyrene, a particularly difficult-to-recycle plastic. The Montreal startup has developed a chemical-based alternative to mechanically recycling polystyrene.
Office CRE in U.S. at risk: Moody's
Risks in commercial real estate, particularly for the office sector, have been exacerbated by rising interest rates, people choosing to work from home, and banking stress, according to a report by Moody's Investor Service on Tuesday.
Bell Partners raises $1.3B to snap up U.S. apartments
Bell Partners, a real estate investor and property manager, has raised $1.3 billion for a new fund to buy and upgrade apartments at a time when prices for many commercial properties are falling amid higher borrowing costs.
New U.S. construction surges by most in three decades
Groundbreaking on U.S. single-family homebuilding projects surged in May by the most in more than three decades. Permits for future construction also climbed, suggesting the market may be turning a corner after getting clobbered by interest rate hikes.
Dubai chases long-term growth as real estate booms
Buoyed by a swift economic rebound post-COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it can avoid past debt crises that dented its global ambitions.
Banks ordered to set aside billions more as debt grows
The Office of the Superintendent of Financial Institutions has ordered big banks to set aside billions more in rainy-day funds amid growing concern over consumers and bankers defaulting on debt, including lines of credit, credit cards and mortgages.
Groupe HD launches CITIZIA res. development in Montreal
Groupe HD, Omnia Technologies and Fiera Real Estate recently celebrated the inauguration of CITIZIA – Appartements de style, a 10-storey development comprising 350 rental units at 2600 Cavendish Blvd. in Montreal.
Burnaby can conceal hundreds of properties: Judge
A B.C. Supreme Court judge has ruled the City of Burnaby can keep 421 of the properties it owns a secret. The City of Burnaby won its case to keep those properties hidden against the B.C. Information and Privacy Commissioner.
Lower taxes softening the blow of B.C. home prices
While average home prices continue to rise throughout Canada, a recent study by real estate listing website Zoocasa.com found another cost homeowners face varies widely across the country and could impact the overall financial equations of buying a home.
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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