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Huge Southwood Circle development planned at Winnipeg's U of M
Huge Southwood Circle dev. planned at Winnipeg's U of M
The University of Manitoba has a $5-billion plan to partner with private developers and build what it calls the largest and most sustainable mixed-use infill development in Winnipeg's history – the 12-million-square-foot Southwood Circle.
Colonnade BridgePort to manage 22 Fiera properties
Ottawa-based Colonnade BridgePort has been awarded property management responsibility for 21 industrial buildings and one retail plaza in Burlington, Brampton and Brantford, Ont. Totalling over 2.3 million square feet, the properties are owned by Toronto-based Fiera Real Estate.
Northvolt picks Quebec for $9.46B EV battery factory
Sweden's Northvolt AB, a supplier of batteries to Volkswagen and BMW, has picked Saint-Basile-le-Grand, in Quebec's Richelieu Valley, to host a new $9.46 billion Cdn factory on land formerly occupied by Canadian Industries Ltd., a maker of chemicals and explosives.
Feds add $20B to program to spur rental construction
The federal government is increasing the size of its mortgage bond program by 50 per cent in an attempt to funnel more private capital toward rental housing construction amid surging demand for financing from developers.
Bosa proposes 11-, 19-storey towers in downtown Van.
Developer Bosa Properties has presented a rezoning application for Vancouver's shuttered Army & Navy store. The 11-storey Cohen Block would comprise 264,000 square feet of office space while the 19-storey Samuel residential tower would include 492 rental units.
Tower resubmission reflects T.O. heritage concerns
In Toronto's Financial District, a reworked vision has been submitted for a year-old tower proposal at 15 Toronto St. The 53-storey, BDP Quadrangle-designed mixed-use, mostly residential condo building plan from Madison Group has seen significant revisions.
KING Toronto unveils glass block wall
Westbank Corp. and Allied Properties REIT's KING Toronto at 489 King Street W. is ascending towards its final height of 16 storeys. The first installations of the Bjarke Ingels Group-designed unique glass block wall are now occurring.
10 largest construction project starts in Canada
The accompanying table records the 10 largest construction project starts in Canada in August 2023. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the civil and non-residential building categories in Canada.
Amazon checkout-free stores coming to T.O., Calgary arenas
Toronto's Scotiabank Arena and Calgary's Scotiabank Saddledome are spending the fall rolling out Amazon Web Services (AWS) technology allowing some of the venues’ stores to offer fans checkout-free shopping – and the Seattle-based e-commerce giant says this is just the beginning.
Jeweller Mejuri plans five new stores
Canadian jewelry brand Mejuri is continuing its aggressive retail expansion strategy with five more stores expected to open this year – Miami, a second store in San Francisco, Nashville, a third store in Los Angeles and a third store in London.
Activist investor calls on Parkland to buy back shares
New York-based activist investor Engine Capital said it wants to see Calgary-based Parkland Corp. (PKI-T) refining the company’s capital allocation, improving its approach to executive compensation and simplifying its operations.
Could Montreal challenge T.O. for economic supremacy?
OPINION: The City of Montreal, once left for dead is bursting with entrepreneurial spirit, an early edge in AI and a pro-business government, which could help it regain its spot as Canada's business capital.
B.C. church denied tax exemption for commercial units
Richmond Emmanual Church bought three commercial units at President Plaza on Cambie Road, but because it has yet to renovate the space into a worship area its request for a tax exemption was denied by the City of Richmond.
OPINION: Seven Canadian REITs worth considering
Financially healthy REITs with growing dividends that are priced at a discount to their fair value include Canadian Apartment Properties (CDPYF), Choice Properties (CHP-UN-T), Dream Industrial (DIR-UN-T), Granite (GRT-UN-T), InterRent (IIP-UN-T), Killam Apartment (KMP-UN-T) and SmartCentres (SRU-UN-T).
China a dilemma for asset managers: AIMCo's Siddall
China poses a conundrum for asset managers because while it is cheap and growing, there are risks when it comes to rule of law and transparency, said Evan Siddall, chief executive of the Alberta Investment Management Corp. (AIMCo).
Investors remain confident in U.S. rental market: Morguard
Investors will continue to exhibit confidence in the U.S. multi-suite residential property sector over the near term, against a backdrop of relatively muted sales activity levels, according to a Morguard Corporation report.
World’s mega-rich are betting on U.S. renters
Over the past decade, ultra-wealthy individuals and their firms have more than doubled their investments in apartments, largely in the sector known in the U.S. as multifamily housing, according to research from Knight Frank.
$1B Austin mall makeover gets key approval
The Austin City Council has approved a planned unit development rezoning that will allow developers Barshop & Oles and Lionstone Investments to proceed with their $1 billion redevelopment of the Brodie Oaks shopping centre in southwest Austin, Urbanize reported.
Downtowns are dead, dying or on life support
ANALYSIS: The hollowing out of U.S. cities’ office and commercial cores is a national trend with serious consequences for millions of Americans. As more people have stayed home following the COVID-19 pandemic, foot traffic has fallen.
Evergrande chairman reportedly put under police watch
The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer’s future as it grapples with the mounting threat of liquidation.
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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