Canopy Growth could spin off properties into REIT: CEO

Commercial  •  Bloomberg  •  Bloomberg  •  Canada Newswire

Canopy Growth Corp. (WEED-T) is considering multiple ways to leverage its assets, including issuing bonds, mortgaging its properties or even spinning them off into a REIT, according to Bruce Linton, CEO of the Smiths Falls, Ont., firm.

Edmonton’s The Quarters sees first steps to revitalization

RENX  Residential, Commercial  •  Condominiums, Office, Apartments, Investment  •  Edmonton

The Quarters, 18 blocks on the eastern end of Edmonton’s booming downtown, is gradually shedding its gritty image of decaying vacant buildings and empty parking lots. “It is still a long-term vision,” says Edmonton Downtown Business Association CEO Ian O’Donnell.

Grand Market District coming to Kitchener’s CF Fairview Park

RENX  Commercial  •  Office, Retail  •  Ontario

Cadillac Fairview will break ground this spring on a $70-million CF Grand Market District at CF Fairview Park in Kitchener. Completion of Phase 1 of the project, which will ultimately transform the mall to a mixed-use model, is targeted for 2021.

10-storey office building proposed for Vancouver

Commercial  •  Vancouver Sun  •  Business In Vancouver

Bentall Kennedy has proposed a 10-storey office building at Clark Drive and East 6th Avenue in Vancouver. The proposed building with a distinctive honey-comb exterior by Dialog Design would serve as the new head office for food company Nature’s Path.

Even Vancouver doctors squeezed by soaring rents

Commercial  •  Globe and Mail

As commercial property values and lease rates across Greater Vancouver continue to soar, mom-and-pop restaurants and small boutiques aren’t the only ones feeling squeezed. Family doctors say they are struggling to keep their offices open, with some already pushed out.

The Apartments Broker › Apartment buildings: Why the trend for off-market deals?

Ramona Ursu: Partner and Broker at Baron Realty

Cracks appear in Toronto’s new-build condo craze

Residential  •  Globe and Mail (Subscription required)

Trevor Nicolle didn’t line up outside in 2018. The Toronto-based real estate agent, who specializes in new-build condominiums at Royal LePage Signature Realty, joined the queues outside sales centres in 2017, when lines stretched far down the street.

Greybrook buys Toronto land for $27.6M; plans condos

Residential  •  Globe Newswire  •  RENX

Greybrook Realty Partners announced today the successful closing of an equity investment by its managed issuer of $27,600,000 to acquire and oversee the development of a prime parcel of land in Toronto. The firm intends to develop a mid-rise residential condominium.

SNC-Lavalin among chosen for $4.7B LRT expansion

Commercial  •  Ottawa Business Journal  •  CBC  •  CBC

TransitNEXT – a subsidiary of Montreal-based SNC-Lavalin, which is already a member of the Rideau Transit Group consortium developing Ottawa LRT’s first east-west phase – will extend the existing north-south Trillium Line to Riverside South and the Ottawa International Airport.

National Bank returning to its Montreal roots

Commercial  •  Globe and Mail  •  RENX

Before there was Bay Street, there was St. James Street. For nearly a century, the Montreal thoroughfare – now known as Saint-Jacques Street – was the heart of Canadian finance, until the rise of Toronto knocked the city into also-ran status.

Montreal Biodôme overhaul delayed as price tag jumps

Commercial  •  CBC

Renovations to the Montreal Biodôme will cost the city even more than expected. Officials now say an additional $3.5 million is needed to complete the project. The Biodôme has been closed since April for a renovation project that will cost $27.8 million.

Montreal’s Insectarium to close for two-year ‘metamorphosis’

Commercial  •  CBC

The Insectarium is set to undergo a $36.35-million makeover, and the city hopes that when it reopens, its annual revenue will increase by $4.3 million, and 475,000 visitors will attend each year.

Digital strategy paying off for Loblaw

Commercial  •  Canadian Grocer  •  Canada Newswire  •  Canadian Underwriter

“Last spring we pledged to blanket Canada with digital conveniences and, looking back, we did just that,” Loblaw (L-T) president Sarah Davis told analysts and media during the company’s fourth-quarter earnings call Thursday morning.

RioCan, Northview Apartment REITs will make you rich

Commercial  •  Motley Fool  •  RENX  •  RENX

RioCan (REI-UN-T) is one of the largest REITs in the country, with a portfolio that is primarily focused on large retail properties such as shopping malls. Another intriguing REIT with exposure to the residential sector is Northview Apartment REIT (NVU.UN-T).

U.S. CRE executives report positive Q1 market conditions

Commercial  •  PR Newswire

The Real Estate Roundtable’s 2019 Q1 Sentiment Index reveals confidence from commercial real estate industry executives that today’s fundamentally sound CRE markets will prove resilient when the decade-long expansion of the U.S. economy inevitably slows down.

REOC financial results:

Commercial  • 

MCAN Mortgage Corporation, (MKP-T), Canada Newswire

‘Time bomb’ threatens affordable Vancouver rental homes

Residential  •  Vancouver Sun  •  Vancouver Sun  •  Business In Vancouver

The intricacies of B.C.’s property assessments are meeting the realities of Metro Vancouver’s property market in a way that discourages the operation of long-term affordable rental housing in favour of the development of new condos, landlords say.

Vancouver mulls distinct empty-home tax rate for foreigners

Residential  •  Vancouver Sun

Vancouver city staff want to look at changing the city’s empty homes tax, the first of its kind in North America, and that could mean increasing the tax or charging a different rate for foreign owners.

B.C. audits reveal widespread tax evasion

Residential  •  Richmond News

After reporting a record number of B.C. real estate audit assessments in 2018 – amounting to about $170 million – the Canada Revenue Agency is expected to receive a treasure trove of data from the B.C. government tying home ownership to income declarations.

B.C.’s Agricultural Land Reserve regulations take effect

Residential  •  CBC

New legislation concerning British Columbia’s Agricultural Land Reserve (ALR) has officially kicked in. The provincial government introduced Bill 52 on Nov. 5, 2018 and the changes officially took effect on Friday. The government claims the regulations will encourage farming on ALR land.