Downtown Toronto’s Factory Theatre property for sale

RENX  Commercial  •  Land  •  Toronto / GTA

Downtown Toronto’s historic Factory Theatre building and its surrounding property are being marketed by JLL Capital Markets as a unique redevelopment play. The site is “one of the last undeveloped high-profile corners in the Downtown West,” said JLL’s Elliot Medoff.

Cameron Stephens launches DealSquare offering

Commercial  •  Globe Newswire

Cameron Stephens, a non-bank mortgage lender operating in Ontario, Alberta, and British Columbia, announced the launch of its $100 million private placement offering on DealSquare for the Cameron Stephens High Yield Mortgage Trust.

Calgary’s condo market lurches from crisis to crisis

Residential  •  Globe and Mail (Sub. required)

As home-buying activity rebounds across the country from the COVID-19 pandemic, the condominium market in Calgary remains mired in a lengthy slump that has resulted in falling prices and a growing glut of new units that are sitting empty.

Parallax proposes two-tower condo in Forest Hill

Residential  •  Urban Toronto

Developer Parallax Corp. is seeking rezoning to permit a two-tower condominium development at 63-91 Montclair Ave. in Forest Hill. The plan calls for a pair of IBI Group-designed towers rising 21 and 23 storeys, containing 634 condominium units.

Van. residents oppose Jameson’s 28-storey tower

Residential  •  CBC  •  Vancouver Sun

Fairview/South Granville Action Committee is opposing Jameson Development‘s 28-storey rental apartment at Broadway and Birch in Vancouver. It represents the tallest building in the Broadway Corridor Plan. Council is set to vote following Thursday’s public hearing.

Sustainable builder Nexii attracts big names to its boards

Commercial  •  Sustainable Biz Canada

Nexii, a Western Canadian company with a patented new building material, is attracting major business leaders to its board of directors and advisory committee. Now based in Vancouver, Nexii is attracting increasing attention for its Nexiite building system.

The Saskatchewan Edge › Latest victim of COVID-19: The Saskatchewan economy

Kelly Macsymic: Business Manager, Stuart Commercial Inc., Sales Associate, ICR Commercial Real Estate

Canadian REITs could roar off the floor: Analyst

Residential, Commercial  •  Western Investor

OPINION: Canada’s REIT market was not spared in the March sell-off as investors rushed to sell during the spread of COVID-19. However, with big sell-offs come big opportunities and we believe REITs offer an outstanding buy opportunity right now.

DAVIDsTEA files for creditor protection

Commercial  •  CBC  •  Toronto Star  •  La Presse

DAVIDsTEA Inc. (DTEA-Q) will file for creditor protection in Canada and the U.S. while it restructures. The Montreal-headquartered company said it plans to significantly reduce its brick-and-mortar footprint and accelerate its transition to online and wholesale sales.

Brooks Brothers files for bankruptcy

Commercial  •  Reuters  •  Ottawa Business Journal

Apparel brand Brooks Brothers filed for Chapter 11 bankruptcy on Wednesday, joining a list of decades-old American retailers that have crumbled under the impact of the coronavirus crisis. The 200-year old apparel retailer said its strategic review process was still underway.

After 30 years, Toys, Toys, Toys files for bankruptcy

Commercial  •  Canada Newswire  •  Retail Insider  •  Toronto Star

The liquidation sale will begin immediately from Toys, Toys, Toys stores in Vaughan Mills, Square One Shopping Centre, Erin Mills Town Centre, Scarborough Town Centre and Oshawa Centre. Before filing for bankruptcy, Toys, Toys, Toys operated throughout the GTA.

REIT first-quarter financial results

Commercial  • 

NexPoint Hospitality Trust, (NHT-U-X), Canada Newswire

ERES receives final approval to graduate to TSX

Commercial  •  Canada Newswire

European Residential Real Estate Investment Trust (ERE-UN-X) announced it has received final approval from the Toronto Stock Exchange to graduate from the TSX Venture Exchange and list its trust units on the TSX.

REALPAC: How Asian real estate sector reopened

Commercial  •  REALtalk: Episode 5

PODCAST: On this episode of REALtalk, Sigrid Zialcita, chief executive officer of the Asia Pacific Real Estate Association joins REALPAC CEO Michael Brooks to discuss the recovery experience from COVID-19 across Asia.

Walmart’s Amazon Prime competitor to launch in July

Commercial  •  Vox

Amazon may have a 15-year head start, but Walmart is close to finally unveiling its own membership program to rival Amazon Prime. Walmart plans to launch a new subscription service later this month called Walmart+ that will cost $98 a year.

Amazon growing its U.S. grocery footprint

Commercial  •  Canadian Grocer

Amazon’s food retail push and the general shift toward grocery transactions that require no checkout clerks continues. The e-commerce and food retail operator plans to open grocery store locations in “Seattle, California, and the Chicago and Washington, D.C., areas.”

Canadian mortgage rates ‘dirt cheap’

Residential  •  Business In Vancouver

Canadian mortgage rates are in a virtual free fall, dropping to record-setting lows with discount brokers now offering one- to five-year variable rates in the 1.64 to 1.68 per cent range. However, the nearly-free money arrives as Canadian mortgage debt is exploding.

U.S. mortgage rates hit all-time low

Residential  •  Globe Newswire

Freddie Mac’s (FMCC) Primary Mortgage Market Survey (PMMS), show that the 30-year fixed-rate mortgage (FRM) averaged 3.07 per cent, the lowest rate in the survey’s history dating back to 1971.

Prospective home buyers feel the heat over new mortgage rules

Residential  •  Toronto Star

Nathan Scott and fiancée Dianna Yanchis, who live in Liberty Village, are hoping to buy outside Toronto, and have four months locked in on their mortgage approval, which was negotiated in May before the national housing agency tightened its requirements.

Quebec sales spike, but Canada’s boom won’t last: Experts

Residential  •  Globe and Mail (Sub. required)  •  La Presse  •  Globe Newswire

Home sales in Montreal and Quebec City spiked to record highs in June, but economists don’t expect the national home-buying frenzy to last while the economic recovery remains uncertain and unemployment high.