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NWVP, Alignvest buy T.O.’s Stewart Building, plan redevelopment
NWVP, Alignvest buy T.O.’s Stewart Building, plan redev.
Northwest Value Partners Inc. and Alignvest Student Housing REIT have acquired The Stewart Building in downtown Toronto, with plans to rezone and develop it into a mixed-used, high-rise property that will include student housing.
Taiwan's E-One Moli to build $1B B.C. lithium battery plant
The Canadian and British Columbia governments announced almost $300 million in funding toward a $1-billion high-performance lithium-ion battery cell manufacturing facility in Maple Ridge, B.C., expected to be the largest of its kind in Canada.
Apt. tenant turnover drives average rent hikes above N.S. cap
It's been three years since Nova Scotia imposed a two per cent rent cap, yet rents have been rising faster than they have in decades. Meanwhile, Killam Properties REIT and CAPREIT recently reported annual increases of 4.3% and 8%, respectively.
Slate Office REIT unveils major Portfolio Alignment Plan
UPDATED: Amid rising debt commitments, Slate Office REIT (SOT.UN-T) announced plans to put assets which represent 40 per cent of its gross leasable area up for sale, suspend distributions and amend its declaration of trust to raise its debt ceiling.
Parkland expects $6B in cumulative available cash flow
Parkland Corp., Alberta based gas convience store retail and fuel distributor expects $6 billion in cumulative available cash flow from 2024 to 2028. Parkland operates in 25 countries with over 4,000 global retail and commercial locations.
 | Landa Global Properties Vancouver’s Landa Global Properties celebrates 10 years of growth and expansion into TorontoOn the occasion of his company’s 10 year anniversary, CEO Kevin Cheung, reflects on the lessons learned over ten years in Vancouver’s real estate market and his vision moving forward. Sponsored by: Landa Global Properties |
North Delta strip mall sold in area zoned for higher density
Another North Delta Social Heart retail property, the Nordel Place strip mall, has been sold for $10.25 million. The 12,503-square-foot retail centre zoning permits four storey buildings and up to 120 units per hectare for residential uses.
56-storey tower, 641 rentals coming to Burnaby's Brentwood
Tower 7 of The Amazing Brentwood mall redevelopment is being planned as 100% secured purpose-built rental housing. Shape Properties has submitted a new rezoning application to redevelop a parcel in the northwest quadrant of the property.
29-storey plan for T.O.'s heritage Canada Post Station C
For over a century, Postal Station C has stood at Queen Street West and Abell Street in Toronto's West Queen West area. Canada Post vacated and in 2021 sold the 1902-built Beaux Arts-style facility as a potential redevelopment site.
Ontario's first net-zero police facility to be built in Toronto
A new two-storey Toronto police building in Scarborough will be powered largely by sustainable energy, and is destined to be Ontario’s first net-zero police facility, according to the architectural firm designing the structure.
Promise Robotics looks to revolutionize homebuilding
Promise Robotics, a Canadian artificial intelligence (AI) company developing a cloud-based industrial production platform for robotic construction and assembly, plans to use its technology to build homes faster, more sustainably and more economically.
Design team named for $40M Calgary project
Toronto-based gh3*, Montreal’s CCxA and Belleville Placemaking will collaborate with the Calgary Municipal Land Corp., the City of Calgary and Arts Commons on the transformation of Olympic Plaza. The $40-million project was announced in June.
Richemont-owned luxury watch brands open at Bloor St. hotel
Three major Richemont-owned luxury watch brands will open at the base of the recently renovated Park Hyatt Hotel on Bloor Street in downtown Toronto next month in partnership with local multi-brand jeweller L’ORO.
Retailers brace for dip in holiday shoppers spending
Retailers are bracing for a significant dip in consumer spending this holiday season as inflation-weary shoppers significantly rein in their budgets. Canadians will spend 18 per cent less on gifts this holiday season, according to a report from Deloitte Canada.
Selling expensive commercial spaces requires more patience
Mitch Fillion has completed over $2.5 million in renovations inside The White House at 234 Portage Ave. in Winnipeg. He maintained the valuation of the multi-use residence until recently, dropping the price for the first time since 2020.
REITs rally to beat S&P's best day on new inflation data
Real estate stocks outperformed the entire S&P 500 Tuesday, leaping 5.3% as investors poured in money on news that inflation slowed in October. The REITs’ stock growth took place on the S&P's strongest day of the year.
Work from home is good for companies' revenue growth
Companies that allow remote work have experienced revenue growth that is four times faster than companies that are more stringent about office attendance, according to a study by flex-work advisor Scoop Technologies Inc. and Boston Consulting Group.
Interest rate hikes push Brookfield Property Partners to a loss
A spike in interest costs on its $67B debt pile pushed Brookfield’s property division to a Q3 loss. Brookfield Property Partners on Tuesday reported a $367M net loss for the three-month period ending in September.
Detroit’s almost completed RiverWalk a standout urban retreat
It may be hard to believe, given the city’s legacy of crime and blight, but for three years USA Today has named Detroit’s RiverWalk the best urban riverfront in America – part of which has long been an industrial wasteland.
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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