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Polocorp to build 5-tower, 1,500-unit project in Kitchener
Polocorp to build 5-tower, 1,500-unit project in Kitchener
Polocorp Inc. has 45 years of integrated land development experience, and the Kitchener-based developer has just received approval for its most ambitious project: a hometown, five-building mixed-use community with approximately 1,500 residential units.
Vandyk proposes 35-, 34-storey residential towers
Vandyk Properties has submitted site plan approval applications to transform Mimico GO station and adjacent property into a transit-oriented community. The proposal for 315 and 327 Royal York Rd., designed by SvN, calls for 35- and 34-storey residential towers.
Tricon’s The Taylor first new apt. building on Enwave's DLWC
The Taylor rental building breaks the mould as the first new multiresidential building to use a low-carbon heating and cooling system utilizing cold water from Lake Ontario. The 286-unit, 331,335-square-foot building is managed by Tricon Residential Inc.
Jadco, CellCarta develop new life sciences hub in Montreal
Jadco Group and precision medicine laboratory services firm CellCarta have announced a $350-million investment to create a 450,000 square foot life sciences centre at the former Montreal Chest Institute, in the city’s downtown health corridor.
Calgary’s adventure in office conversion
With 10 office buildings slated for residential conversion, and 1.35 million square feet of vacant office space to be removed from the market, Calgary has become the poster child for struggling downtowns across North America.
Space2Developers plans downtown Winnipeg apts.
Space2Developers plans to turn the 114-year-old Crowley Building at 138 Portage Ave. E. in downtown Winnipeg into a $36-million apartment block. Construction on the nine-storey 148-unit East Block Lofts is expected to begin by late summer.
Strategic Storage acquires first Vancouver facility
Strategic Storage Trust VI, Inc., announced today the acquisition of its first self-storage property in Vancouver. When fully built out, the seven-storey facility will include approximately 60,500 net rentable square feet and approximately 890 climate-controlled units
Ont. gov't orders city audits in development fee clash
Queen’s Park is hiring auditors to examine city finances in Toronto, Mississauga, Brampton and other municipalities. It’s a bid to tackle the municipal governments’ concerns their development-related fees and charges would be dramatically reduced by housing policy changes.
Parkland rejects investor’s call to sell Burnaby refinery
Calgary-based fuel retailer and convenience store operator Parkland Fuel Corp. said Thursday its Burnaby refinery is not for sale, even in the face of pressure from U.S.-based activist investor Engine Capital, which owns about a two per cent stake.
Loblaw adjusted profit climbs 10%
Loblaw Companies Ltd. (L-T) reported its adjusted profits grew by 10 per cent in the first quarter, as grocery prices continue to rise and sales of high-margin drugstore items such as beauty products and over-the-counter medicines remain strong.
REOC first-quarter financial results
Brookfield Business Partners, (BBU-UN-T), Globe Newswire
Brookfield Renewable Partners, (BEP-UN-T), Globe Newswire
Chartwell Retirement Residences, (CSH-UN-T), Canada Newswire
Genesis Land Development Corp., (GDC-T), Canada Newswire
Parkland Corp., (PKI-T), Canada Newswire
Related bets on new offices, sees havoc for old towers
Related Cos., is moving ahead with its first office project in Miami, a roughly 1,000-foot tower slated to be one of the region's tallest commercial buildings. Related and partner Swire Properties have begun demolition at the site.
Simon to invest $1.5B in mall site mixed-use projects
Shopping mall giant Simon Property Group plans to redevelop properties from California to Florida with hotels and apartment buildings totalling around 2,000 units. CEO David Simon projected the company would spend $1.5 billion on the redevelopments.
Real estate stocks are saviors for U.S. traders
Real estate stocks are the hot defensive play for U.S. investors as regional banks continue their selloff, a day after the Federal Reserve hinted at a potential pause in its interest rate-hike campaign.
WeWork looking at stock merger to avoid NYSE delisting
In the hopes of avoiding being delisted from the New York Stock Exchange, WeWork wants to consolidate some of its stock. The reverse stock split, would consolidate the coworking firm's outstanding shares, hopefully pushing up the stock price.
Growing share of CMHC clients nearly underwater
Canada Mortgage and Housing Corp. (CMHC) released fourth-quarter financial results Thursday showing a growing share of its insurance is covering homes where the loans are close to or underwater as the recent drop in home prices has eroded borrowers’ equity.
Program for first-time homebuyers fizzled in Toronto, Van.
Fewer than 400 households in the Toronto, Vancouver and Victoria areas have received financial assistance from a federal program for first-time home buyers, despite changes that were intended to make it more useable in pricier markets.
Montreal home sales down 26% year-over-year
The Quebec Professional Association of Real Estate Brokers says Montreal experienced its lowest April sales level since 2000, aside from 2020, at the beginning of the COVID-19 pandemic. Last month's 3,755 sales represented a 26 per cent drop year-over-year.
New Saanich policy to require developers to help displaced tenants
With an eye on aging rental stock in the municipality, Saanich, B.C., council has adopted a new tenant assistance policy to require property owners to provide help for renters being evicted during demolition or renovation of buildings.
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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