LocationsRecent Articles
Downtown Hamilton home to over $600M in development
Downtown Hamilton home to over $600M in development
The City of Hamilton set a construction value record in 2023, reaching $2.5B — with over $600M of activity in the downtown. That's a lot of development, and many of the projects were showcased during a ULI Toronto tour.
Essence ups its game with Jericho master-plan in Metro Van.
Kevin Dhaliwal is a big fan of the Langley Events Centre and the change it has helped spark since 2009 in the Metro Vancouver community. His company, Essence Properties, is developing its master-planned, multi-tower Jericho property right across the road.
CRA uncovers $1.3B in unpaid taxes in B.C. real estate
After taking a deeper look into B.C.’s real estate sector, Canada’s tax regulator has uncovered $1.3 billion in unpaid tax bills and finding “a disproportionate amount of non-compliance” in Canada’s largest centres.
Walmart to shutter Toronto tech office
Walmart is shutting down a Toronto office as part of a series of cuts around North America. Walmart wants staff at smaller offices to move to the company’s headquarters in Bentonville, Ark., or a few other major U.S. hubs.
Oxford Properties pivoting from office sector: Masood
VIDEO: Sherif Masood, head of asset management in Canada, notes Oxford Properties has shrunk its office portfolio from a 40-50 per cent share in 2018 to about 18 per cent, but is outperforming the market due to its high-quality holdings.
Giant Tiger to close two Winnipeg stores
Two Winnipeg Giant Tiger stores are set to shutter mid-summer. The company is shuttering seven of its more than 260 shops across Canada because the sites “cannot meet our franchise business model,” spokeswoman Alison Scarlett said in a statement Tuesday.
Galaxy Cinemas vacates 20K-sq.-ft. Brockville mall space
The owners of the 1000 Islands Plaza in Brockville, Ont., say there is already plenty of interest in the 20,000-square-foot space that will be left vacant after the departure of Cineplex’s Galaxy Cinema.
Report seeks to make Toronto’s waterfront a destination
Floating patios, bicycle valets and a nightlife destination could help animate the downtown waterfront, according to a new report from the Waterfront BIA (Business Improvement Area), in Toronto.
Forest Gate proposes 45-storey mixed-use
Forest Gate Group has proposed a 45-storey mixed-use tower at 4875 Dundas St. W. in Etobicoke. The Graziani + Corazza Architects-designed tower would comprise 432 market-based condominium units, 56 rental replacement units and 4,962 square feet of retail.
Calgary councillors approve blanket citywide rezoning
Nearly a month after a marathon public hearing started, Calgary city councillors have decided to approve a blanket rezoning of the city with several amendments. The proposal’s aim is to increase density by allowing a wider variety of housing forms.
Saskatchewan new frontier for rising rent prices
Saskatchewan topped the national ranking for steepest annual rental growth in April, with landlords asking 18 per cent more on average for available units compared with the same month a year earlier, according to Urbanation and rental platform Rentals.ca.
Wildfires force thousands from their homes
Thousands of people in Western Canada remain displaced from their homes as wildfires threaten their communities, triggering evacuation orders and alerts. In British Columbia, a widening area around the northeastern community of Fort Nelson is under evacuation.
Sun Life on track to meet 2025 sustainable investment goal
Sun Life Financial Inc. (SLF-T) is on pace to meet its goal of $20 billion in new sustainable investments by 2025, the Toronto-based insurance and investing company announced in its 2023 sustainability report.
ISS, Glass Lewis recommend Indigo approve takeover
Indigo Books & Music Inc. (IDG-T) announced Institutional Shareholder Services (ISS) recommends shareholders vote in favour of Trilogy Investments' proposed acquisition of the approximately 39.4% of the issued and outstanding common shares of Indigo it does not currently own.
B.C. retailers up cybersecurity to avoid attacks
Kit and Ace CEO David Lui closely followed news about the recent cyberattack against London Drugs — an ordeal that forced the large B.C.-based retailer to close all 79 stores for a week before opening locations in tranches.
Brookfield and Qatar fund look for Chinese opportunities
Brookfield Asset Management Ltd. (BAM-T) and the Qatar Investment Authority continue to explore investment opportunities in China even as some other investors pull back from the world’s second-largest economy.
RBC in line to take over 1,200 San Fran apartments
RBC Capital is expected to take over approximately 1,200 apartment units owned by San Francisco-based Ballast Investments and Goldman Sachs & Co. as early as June. Ballast and Goldman Sachs defaulted on $687.5M in multifamily loans a year ago.
Patron Capital raises over $1.25B to invest in Europe
Patron Capital, a pan-European institutional investor focused on property-backed investments, has closed its seventh flagship fund with over $1.25 billion to invest in Western European distressed and undervalued properties. Approximately 14% of the capital came from Canadian investors.
Goldman raises $3.6B for new CRE credit fund
Goldman Sachs Group’s alternatives business raised $3.6B for its latest real estate credit fund, giving it firepower at a time of market dislocation. That figure eclipses the $2.6B it raised from third-party investors for a previous vehicle.
Industry Events
-
Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
-
Canada Real Estate Auction
Oct 22 2024
-
Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
-
MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
