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Windsor, Greenwin, Intentional to redevelop Palace Arms
Windsor, Greenwin, Intentional to redevelop Palace Arms
Windsor Private Capital has joined Greenwin and Intentional Capital in a partnership to redevelop downtown Toronto’s historic Palace Arms Hotel into a purpose-built rental multifamily building.
CRE-residential tax gap increased from last year: Altus
The overall ratio of the commercial property tax rate to its residential counterpart across 11 Canadian cities in 2023 increased from last year, according to a survey by Altus Group Ltd., further straining commercial real estate’s finances.
RCMP launches investigation into Ont. Greenbelt
The RCMP says it has launched a criminal investigation into the Ontario government’s now-abandoned move to allow housing in certain parts of the province’s protected Greenbelt, a plan an auditor-general’s report had condemned for favouring certain developers.
At least 79 residential towers proposed in Markham
The proposed intensification of the CF Markville Mall into high-density residential condos is hardly the only controversial proposal for Markham. At least 79 high-rise residential towers have been proposed along Hwy. 7, according to the city’s planning data.
Builder suing London city hall over 18-storey tower
96 Ridout South Ltd., is suing London city hall over a building permit spat regarding a proposed project at 96 Ridout St. that would feature a 18-storey condo tower with 153 units.
 | CREW Network CREW Network to hold its annual convention in Vancouver from September 25-27, 2024CREW Network, the global organization advancing women in commercial real estate, to hold its annual convention in Vancouver, BC from September 25-27, 2024. Sponsored by: CREW Network |
Value of building permits rises 3.4% to $11.9B
Statistics Canada says the total monthly value of building permits in Canada rose 3.4 per cent in August to $11.9 billion, as gains in the non-residential sector offset modest declines in residential construction plans.
$350M upgrade for T.O.'s Scotiabank Arena
In anticipation of its 25th anniversary in February, Maple Leaf Sports & Entertainment announced the Scotiabank Arena Venue Reimagination project, an investment of more than $350 million. The multi-phase renovations will feature improvements to almost all areas within the venue.
Feds provide up to $150M for Port of Montreal expansion
The Port of Montreal has secured up to $150 million in federal funding for its container terminal expansion project in Contrecoeur, a key piece of transportation infrastructure needed to service markets in Quebec, Ontario and the U.S. Midwest.
Lufa Farms' fifth greenhouse will be most efficient
Perched atop the Walmart in Montreal's Marché Central, Lufa Farms' new 127,000-square-foot greenhouse "will yield approximately 18 to 20 per cent more produce than the standard models."
French investment bank Natixis to open T.O. office
Natixis, part of the Paris-based Groupe BPCE conglomerate that includes Banque Populaire and Caisse d’Epargne, will open its first office in downtown Toronto on Thursday. Natixis first arrived in Canada with a single office in Montreal in 2012.
CEO Mitchell Goldhar invests $3.6M in SmartCentres
On Sept. 27, executive chairman and chief executive officer Mitchell Goldhar acquired 159,100 units of SmartCentres REIT (SRU-UN-T) at an average price per unit of approximately $22.77. The cost of this investment exceeded $3.6 million.
Three Farmers Foods opens Saskatoon facility
Three Farmers Foods has opened a new manufacturing plant in Saskatchewan. The 15,000-square-foot facility in Saskatoon consolidates a head office, manufacturing and storage operation under one roof.
Labour shortages, debt plague restaurants
“One-third of restaurants in Canada are operating at a loss due to the high costs of food . . . and new rules are making it harder every day to eke out a profit,” says Restaurants Canada president/CEO Kelly Higginson.
Tip Top returns to Quebec with four stores
Tip Top will officially launch four new stores in Quebec as it re-enters the province for the first time in two decades. The first location will open its doors on Oct. 19 at Galeries d'Anjou in Montreal.
Greater Victoria rents surge between tenancies
As rent increases between tenancies remain unregulated in B.C., someone entering a Greater Victoria rental in 2022 paid a third more on average than someone already living in the same building.
Starwood prepares to take back Brookfield tower
AustralianSuper Pty, the country’s largest pension fund, is facing further losses on U.S. property assets as lender Starwood Property Trust prepares to take back a 12-storey Washington, D.C., office tower it owns with Brookfield Corp.
Mathias to step down as SL Green president
Andrew Mathias' 17-year tenure as president of New York office landlord SL Green is ending Mathias will step down as president but continue to serve on SL Green's board of directors and as an adviser to CEO Marc Holliday.
U.S. federal government's real estate head to depart
The top official overseeing the federal government’s 350-million-square-foot real estate footprint - General Services Administration's Public Buildings Service Commissioner Nina Albertis - is leaving after two years on the job.
China's Country Garden can’t meet debt payment
Chinese property developer Country Garden warned Tuesday it cannot repay on time a $60-million US loan in the latest sign of distress after Beijing clamped down on mounting debts in the industry.
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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