Tricon, Pacific Life in $1.5B U.S. single-family rental JV

RENX  Residential  •  Homes  •  International

Tricon Residential Inc. (TCN-T) has announced its third major joint venture into the U.S. single-family housing rental market, partnering with Pacific Life and an unnamed third investor to acquire up to US$1.5 billion in new homes across the Sun Belt.

Calgary film studio absorbs 200,000 sq. ft. of space

RENX  Commercial  •  Industrial  •  National, Calgary

A new film production facility in Calgary is the latest example of a nationwide expansion in the film and television industry. William F. White International Inc.. is continuing the growth of its real estate footprint across the country.

$100M Calgary-area residential/hotel project OK’d

Residential, Commercial  •  Calgary Herald  •  Airdrie Today

Mtl. office availability rate highest since Q4 2015: AY

Commercial  •  Montreal Gazette

COVID-19 has pushed office availability in downtown Montreal to its highest level since Q4 2015, says Avison Young’s new report, which indicates 12.8 per cent of downtown offices were available for rent at the end of Q1, up from 8.8 per cent year-over-year.

Feds pledge more than $12 billion for GTA transit

Commercial  •  Toronto Star  •  CBC  •  CTV

The federal government is committing more than $12 billion to fund Ontario transit projects in what Prime Minister Justin Trudeau is calling a “historic agreement.” Ottawa will help pay for the four projects in Premier Doug Ford’s GTA transit expansion plan.

U.S. business leaders urge court to keep Line 5 operating

Energy, Commercial  •  Winnipeg Free Press  •  Globe and Mail (Sub. required)  •  Global News

Business leaders in Michigan, Ohio and Wisconsin have joined forces with their Canadian counterparts over the Line 5 pipeline. The U.S. and Canadian Chambers of Commerce are also included in a legal brief filed with the U.S. District Court in Michigan.

Real Estate by the Numbers › Predicting market cycles: How to be less wrong

Volodya Gusak: President, Denciti Development

Diamond Schmitt designs two net-zero Ontario projects

RENX  Commercial, Sustainable Biz  •  Apartments, Infrastructure  •  Ontario

One of Canada’s leading green architecture firms is doubling down on its sustainability commitment in its two most recent projects. Diamond Schmitt designed Toronto’s first net-zero energy and zero-carbon paramedic station, as well as Gladstone Village Passive House in Ottawa.

Retail knits new communities into fabric of Toronto

Residential, Commercial  •  Globe and Mail

Developers need to be creative when communities they’re constructing – such as Canary District and Emerald City in North York – are close to established commercial and retail centres, but maybe not close enough for walking to the store or café.

Giant Tiger still a ferocious retail force at 60

Commercial  •  Ottawa Business Journal

On May 3, 1961, former travelling salesman Gordon Reid opened the first Giant Tiger store in Ottawa’s ByWard Market. It remains the retailer’s flagship store, fitting for a company that’s never forgotten its roots even as it grew into a nationwide force.

REIT first-quarter financial results

Residential, Commercial  • 

BSR REIT, (HOM-U-T), Canada Newswire
PROREIT, (PRV-UN-T), Canada Newswire
Summit Industrial Income REIT, (SMU-UN-T), Canada Newswire

REOC financial results

Residential, Commercial  • 

Bridgemarq Real Estate Services, (BRE-T), Canada Newswire
Dream Unlimited Corp., (DRM-T), Business Wire
Mainstreet Equity Corp., (MEQ-T), Canada Newswire
Melcor Developments Ltd., (MRD-T), Globe Newswire

New forecasts, considerations at 2021 ULI Spring Meeting

Commercial  •  CP Executive

As ULI’s Spring Meeting opened, CRE experts dived into capital flows, alternative markets, investment currents and the upcoming challenges in the office sector. Panelists agreed on several topics of discussion, but in other areas they presented varying points of view.

Macy’s to build office tower above flagship store

Commercial  •  Globest.com  •  gothamist  •  Retail Dive

Macy’s is planning to build an office tower above its flagship store at Herald Square as well as invest $235 million in the surrounding Manhattan neighbourhood.

JQZ plans $1.5B Aussie mixed-use project

Residential, Commercial  •  Commercial Real Estate

Property developer JQZ is on track with its planned $1.5 Cdn billon mixed-use project on Sydney’s lower north shore. The 88 will comprise a 179,000-square-foot office tower, 637 apartments, a new retail and dining project, supermarket, civic plaza and public library.

Mattamy Homes aquires Phoenix-area site for $20.56M

Residential  •  Canada Newswire

Mattamy Homes has closed on a land purchase in San Tan Valley, Ariz, in the San Tan Heights master-planned community. The 85-acre property, purchased for $20.56 million, will feature 324 home sites and be known as Pinnacle at San Tan Heights.

Market madness forced Quebec buyers, sellers to rethink plans

Residential  •  Montreal Gazette

A volatile real estate market forced 20 per cent of Quebecers to move up their plans to buy or sell a home while compelling 28 per cent to wait and see, according to online poll  conducted by Ad Hoc Research from March 12-18.

Canadians open to rate hikes to cool market: Poll

Residential  •  Vancouver Province

Almost half of Canadians responding to a new Nanos Research poll were at least somewhat in favour of the Bank of Canada raising its overnight rate to slow the sharp increase in home prices

Buyers stung by fierce competition exit the market

Residential  •  Globe and Mail (Sub. required)

In Hamilton, Barrie, Guelph and other Southern Ontario cities, agents who were seeing upwards of 25 offers on some properties and price gains of more than 30 per cent over the past year, are shifting strategies in adjusting to a cooler market.

Where Toronto home values have jumped the most

Residential  •  CTV  •  Canada Newswire

If you bought a home in Scarborough just before the start of the COVID-19 pandemic you could be looking at a 25 per cent increase in value, a new report by Toronto-based real estate brokerage company Properly claims.