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CAPREIT plans 7-tower Toronto Yonge St. multires development
CAPREIT plans 7-tower T.O. Yonge St. multires development
Canadian Apartment Properties REIT (CAPREIT) (CAR-UN-T) has proposed a phased seven-tower redevelopment of its Tangreen Court property near Yonge Street and Steeles Avenue West in Toronto.
H&R closes on $277M Ottawa office tower sale to Mach
H&R REIT (HR-UN-T) has closed on the sale of one of its premiere remaining office properties, the million-square-foot downtown ONE60 Elgin complex in Ottawa, to Montreal-based Groupe Mach and Sarees Investments.
Unusual Montreal deal pays bldg. developer $68.6M
Montreal's $68.6 million agreement to house Ville-Marie borough’s future Sanaaq centre in a private developer’s building on the site of the former Montreal Children’s Hospital for 40 years could end up costing taxpayers more than $150 million.
Feds approve $3.5B B.C. marine container terminal
The federal government has okayed a major new container terminal on Canada's West Coast. Federal Natural Resources Minister Jonathan Wilkinson says Roberts Bank Terminal 2 in Delta will increase capacity by up to 60 per cent.
Woodfibre LNG builds the first net-zero export facility
Squamish, B.C.-based Woodfibre LNG plans for its liquified natural gas (LNG) export facility to be the first in the world to achieve net-zero emissions through a multitude of innovations, according to its recently published roadmap.
Northern Ontario town looks to redevelop mill property
Municipality of West Nipissing council this week saw plans to transform the 27-acre site of Weyerhaeuser's former paper mill in the Northern Ontario town of Sturgeon Falls, into a riverfront district complete with stores and housing.
Woodbine Mall Holdings owes Toronto $8.7M in taxes
The City of Toronto is owed $39 million from its largest tax debtors according to a new report listing corporations and individuals owing in excess of $500,000. Woodbine Mall Holdings owes nearly $8.7 million.
Birks shutters downtown Winnipeg store
Birks Group has closed its downtown Winnipeg Maison Birks store after decades of being in the Manitoba capital. The Canadian jeweller is continuing to focus on building the brand in Canada's major markets.
Parkland CEO's rising pay slammed by U.S. activist investor
A U.S. activist investor is growing impatient with Calgary-based Parkland Corporation (PKI-T). Engine Capital sent a follow-up letter to the company's board of directors Thursday, alleging an ignored request for a meeting and questioning CEO Bob Espey's rising pay.
F.N. sues port firm, gov'ts for allegedly disrupting remains
Bonaparte First Nation is suing the B.C. and federal governments and Ashcroft Terminal - the company behind an inland port development in the province's southern Interior – claiming it wasn't property consulted about the project it says has "desecrated" its ancestral territory.
Real estate podcasts
Aly Damji, Forum Asset Management: Rethinking multiresidential, CRE Podcast
Larry Leung, Transformidy: Airport retail needs an overhaul, The Interview Series
Andy Willick, Network of Independent Canadian Exhibitors: Small movie theatres are back, Down to Business
Triple Five can challenge $10 lease for Sears space
In a unanimous vote, the U.S. high court ruled Mall of America owner Triple Five Group can challenge the transfer of a $10 annuyal lease it signed in 1991 with Sears for a 120,000-square-foot anchor box.
Suburban Boston mall's value slashed from $200M to $30.4M
Solomon Pond Mall in Marlborough received a new appraisal this month valuing it at $30.4 million, according to Morningstar. The 1.4-million-square-foot mall was valued at $200 million when Simon Property Group obtained a loan in 2013.
WeWork has 6 months to avoid being kcked off NYSE
The New York Stock Exchange has notified co-working specialist WeWork it will be delisted from the exchange in six months if its share price doesn't return to above $1, the standard benchmark for keeping a company on the NYSE.
Fannie Mae's secret loan 'blacklist' Includes 1,400 buildings
Fannie Mae and Freddie Mac, the government-sponsored enterprises that guarantee a huge sum of home and multifamily loans, have a growing list of condominium buildings, associations and co-ops that they won't lend to, the Los Angeles Daily News reports.
House price index sees record Y-O-Y drop: Teranet
A measure of Canadian home prices saw a year-over-year decline even worse than the previous record drop during the 2008 financial crisis, according to a new report, according to the Teranet-National Bank Composite House Price Index.
GTA rents hit record $3,000: Urbanation
Average rents in purpose-built apartments broke the $3,000 barrier for the first time in the first quarter of this year — the sixth straight quarter in which Toronto-area rents have seen double-digit year-over-year increases, Urbanation reports.
Multiplexes belong in every T.O. neighbourhood: Report
Toronto laws that shield large areas of the city from anything other than detached or semi-detached houses may soon be relics as Toronto’s chief planner has released a final set of recommendations to legalize multiplex housing across every neighbourhood.
Beyond T.O., homebuyers finding less choice, higher prices
A drought in real estate listings in Ontario this spring is leading to firmer prices – and emerging competition – in smaller cities and towns beyond the Toronto area, says Faisal Susiwala, broker at Re/Max Twin City.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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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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