UPDATED WITH SALE CLOSING: Morguard Corp. has sold a portfolio of 14 hotels in Halifax, Ottawa, the Greater Toronto Area and Sudbury, Ont., for $410 million. Toronto-based InnVest acquired 10 of the assets.
Calgary is leading the office-to-residential conversion charge in North America through public policies and financial tools aimed at addressing commercial vacancy, housing affordability and climate change issues. Other major cities across the country are taking notice, including Toronto.
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