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Master-planned iConnect in Hamilton 'a city within a city'
Master-planned iConnect in Hamilton 'a city within a city'
Master-planned communities aren't new, but few have been developed on the scale of iConnect Community in Hamilton, a joint venture from Krpan Group and The Remington Group. “We’re building a city within a city,” John Krpan Sr. said.
Mtl. multires fundamentals strong: Low supply, high demand
The signs are very positive for investors who are already in, or are hoping to buy into Montreal’s multifamily market says Mark Sinnett, Avison Young's executive vice-president and head of financial markets, Quebec.
BGO commits $500M to buy U.S. rental houses from builders
BGO, a real estate manager majority-owned by Toronto-based Sun Life Financial Inc., committed $500 million to an effort to buy communities of single-family rental homes directly from builders. The Miami-based firm is partnering with 1Sharpe Capital.
Bank of Canada leaves key interest rate at 5 per cent
The Bank of Canada held its key interest rate steady at five per cent, arguing it is still too soon to start lowering rates. The central bank announced its interest rate decision Wednesday as economists widely expected no change.
Transportation, day care keys to coaxing workers to offices
Colliers Canada suggests office-building owners and white-collar employers shouldn't count on workers rushing back to their cubicles in 2024. Vacancies are expected to rise one per cent this year, peaking at about 15 per cent nationally by mid-2025.
Brighter days ahead for Van. multifamily deals: Goodman
While multifamily remained one of the bright spots in an otherwise quiet investment market last year, tough comparisons to the peaks of 2021 and 2022 meant Metro Vancouver multifamily deals pointed to 2023 being “a challenging year,” says Goodman Commercial.
 | The Industrial Real Estate Show Breaking down an industrial outdoor storage investmentChad GriffithsPartner, NAI Commercial |
CIB, First Nations Bank ink $100M loan deal to build projects
The Canada Infrastructure Bank has struck a $100-million loan agreement with the First Nations Bank of Canada to make it easier for Indigenous communities to borrow money to build infrastructure, including homes, roads and water-treatment plants.
Lancaster proposes 11-storey rental in Stockyards area
Lancaster Homes has proposed an 11-storey rental apartment complex at 2335 St Clair Ave. W. in Toronto's Stockyards neighbourhood. The 4 Architecture-designed project would and include 73 residential units, including 31 one- and 28 two-bedroom units.
VA Capital Canada's first B Corp-certified CRE mortgage firm
Montreal commercial real estate lending firm VA Capital is responding to market demand in becoming the first Canadian firm in its sector to attain B Corp certification, founder and president Jeffrey Soliman says.
U.S. developer suing Windsor over quashed housing plan
Shaker Heights, Ohio-based developer Fairmount Properties, which has $142-million plans for a prime piece of real estate west of Windsor’s downtown is taking the city to court over council’s recent decision to kill the project.
T.O.'s commercial parking levy vote delayed
Toronto Mayor Olivia Chow's executive committee has pumped the brakes on sending a proposed commercial parking levy to city council for a debate next month, delaying a key vote on the new tax until the end of the year.
An ode to retail, in the wake of The Body Shop’s demise
OPINION: The Body Shop’s Canadian woes seem to reek of parent-company mismanagement. The closure of 33 stores are not simply a result of changing shopping habits, court documents suggest, but of a corporate system that has deprived the Canadian arm of the company of cash.
Baskin-Robbins embarks on major expansion
As Baskin-Robbins continues to expand its footprint across Canada, the brand is also sprucing up a number of its locations throughout the country. Part of Inspire Brands since 2020, Baskin-Robbins expects to open another 50 locations across Canada by 2030.
Renowned architect Antoine Predock dead at 87
Known for his ability to tap into the spirit of any landscape and weave its characteristics into his designs, internationally renowned architect Antoine Predock died Saturday at 87. Predock's creations include the Canadian Museum for Human Rights in Winnipeg.
Macy's planned closures put $24B of debt In crosshairs
Macy’s planned closure of 150 locations could spell trouble for mall landlords on the hook for billions of dollars in debt. The retailer anchors at least 80 malls behind approximately $24B in commercial mortgage-backed securities, according to Morningstar DBRS.
U.S. banks far more exposed than Europeans to CRE crunch
Major European banks have been cutting their lending to commercial property and have half the exposure of their U.S. peers, making U.S. lenders more vulnerable as office prices plunge further, Morgan Stanley said on Tuesday.
Barrister breaks ground on 2.4-MSF Raleigh-area campus
Barrister Commercial Group, in partnership with Terra Equity I, has started construction on Research Triangle Logistics Park, a 162-acre class-A industrial project in Hillsborough, N.C. The campus will comprise five buildings totaling up to 2.4 million square feet.
Owner renegotiates $252M Houston skyscraper loan
The owner of TC Energy Center, the 56-storey tower with a stepped design that has become an iconic feature of Houston’s skyline, renegotiated a $252M loan to save the building from default.
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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