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Boffo tests market, previews 43-storey Bassano tower in Burnaby
Boffo tests market, previews 43-storey Bassano in Burnaby
Two decades after assembling a plot of land in the Greater Vancouver city of Burnaby, Boffo Developments is ready to preview Phase 1 of Bassano, its towering Italian-inspired, master-planned community in the Brentwood area.
Why is Toronto’s rental construction slumping?
While GTA rental development had been on a considerable rise to about 18,300 in February 2024, the number of units in the construction pipeline dropped in March and April, to around 17,970 and 17,280, respectively, according to the CMHC.
Montreal-area building permit delays double since 2019
Delays in obtaining a new construction permit have more than doubled in Montreal and other boroughs since 2019. On average, in 2023, the Ville-Marie district took 18 months to authorize new construction, compared to seven months before the pandemic.
Quayside resubmission refines Blocks 3 and 4
In the resubmission of Dream Unlimited, Great Gulf and Waterfront Toronto's Quayside project, Block 3 would comprise 56- and 12-storey buildings while Block 4 would be 72 and 12 storeys. Both would include mixed-use condo, affordable rental & retail space.
A deep dive into Montreal’s Contrecoeur terminal expansion
The Montreal Port Authority (MPA) is continuing rigorous preparation and planning work for a $950-million Contrecoeur terminal expansion project on the south shore of the St. Lawrence River.
Vancouver construction industry faces 'likely' concrete strike
Two years after a strike disrupted Metro Vancouver’s concrete industry, creating major construction delays, local builders are now fearing a possible repeat.
Alberta wants to lead in AI data centre sector
Developers are looking to build new data centres in Alberta, while the UCP government has assembled a cabinet working group to ensure the province becomes Canada’s top landing spot for such high-tech and big-ticket facilities.
New CGC Alberta wallboard factory to be its most sustainable
A CGC Inc. wallboard facility under construction near Carseland, Alta., is designed to be the company’s most sustainable to date in terms of materials, operations and its supply chain. The facility will be CGC's third in Canada.
Eight-storey apt. building proposed in Woodstock
The land that was once home to Woodstock’s Capitol theatre is the proposed site of an eight-storey building with 36 units of mixed affordable and market-rent apartments that would address the city’s need for housing and transform a vacant lot.
Vic West five-storey mixed-use clears first hurdle
A plan for a five-storey mostly residential development in Vic West has cleared its first hurdle. The proposal would see 1055 Alston St., zoned for light industrial use, rezoned to permit 56 residential units and a single industrial unit.
Three top Canadian REITs to buy in May
Granite REIT (GRT-UN-T) boasts a robust portfolio of high-quality industrial, warehouse and logistics properties. NorthWest Healthcare Properties REIT (NWH-UN-T) benefits from the specialized nature of health-care properties. Slate Grocery REIT (SGR-UN-T) primarily invests in grocery-anchored retail properties.
Variable mortgages weigh on Scotiabank profits
Rising strain in auto loans and mortgages led Scotiabank to set aside more money in the second quarter, leading to a drop in profits and analyst concern about its growth prospects.
Consumer protection on Ontario’s condo agenda
Ontario’s Condominium Authority Tribunal (CAT) could be called on to resolve more types of disputes between condo corporations and owners. The provincial government is considering adding processes related to owner-requisitioned meetings to the online tribunal’s adjudication duties.
New condo occupancy contracts disputed over late permits
Ontario builder First Avenue Properties is facing investigations from regulators after it moved some residents into a new condominium building before it obtained occupancy permits from City of Toronto building inspectors.
Blackstone buys $1B mortgage portfolio from PBB
Blackstone Inc. has bought a $1 billion mortgage portfolio from Deutsche Pfandbriefbank AG as the German real estate lender grapples with the impact of volatile commercial real estate markets.
Lendlease pulls out of U.K. and U.S. development
Australian construction and development giant Lendlease is exiting its U.K., U.S. and European businesses, a move that will see several huge projects sold or passed on to new developers. Lendlease will focus on Australia and its international investment management business.
Invesco betting on office comeback
Invesco is planning to inject capital into office properties, specifically in REITs, and is seeking more aggressive returns by offering double-digit annual interest rates, stronger covenants on high-yield debt and step-up payments if REITs get slashed to junk status.
London moves to revive reputation as a financial hub
British officials are trying to overhaul the financial sector to make London’s stock market more attractive to modern industries, particularly tech companies, rather than relying on the sectors, such as banking, that historically built London’s financial sector.
Li Ka-shing’s Hong Kong towers remain unfilled
No one’s property in Hong Kong epitomizes the pain in the office market better than real estate legend Li Ka-shing’s. CK Asset Holdings Ltd.’s crown jewel Cheung Kong Center is a quarter empty for the past year.
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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