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CAPREIT sells interests in 3 Ottawa apartment sites for $136M
CAPREIT sells interests in 3 Ottawa apartment sites for $136M
CAPREIT (CAR-UN-T) is continuing to shift its focus and reposition its extensive apartment portfolio, announcing the sale of its non-managing 50 per cent interest in three apartment properties in Ottawa, comprising 1,150 units, for $136.25 million.
$350M US Great Wolf Lodge planned for Cornwall
American company Great Wolf Resorts has entered into an agreement to purchase 40 acres in Cornwall, the planned home of a US$350-million indoor water park and resort to be constructed over the next few years.
Flexible office spaces on the rise with Canadian companies
In Toronto’s Junction neighbourhood, the local outpost of co-working operator Spaces occupies part of a former warehouse. With a bright, airy design, it offers desk space, private offices and meeting rooms to companies needing to provide employees flexible work options.
Coquitlam sends Polygon’s 9-tower proposal to public hearing
Coquitlam City Council has referred Polygon Homes' proposed nine-tower Coronation Heights project to a public hearing. It would include 2,835 residential units – 142 studios, 284 one-bedrooms, 284 one-bedrooms-with-a-den, 1,843 two-bedrooms, and 284 three-bedrooms – plus retail.
Mtl. facility to demonstrate warehouse automation potential
As a robotic arm at Deloitte Canada’s Smart Factory in Montreal attempts to pick up a small box, it senses that it doesn’t have a good grip, puts the package down, adjusts and tries again.
 | North American Steel Industrial real estate agents: Don’t forget the rackingIn this article we discuss how and why Industrial Real Estate agents should be connecting with a pallet racking manufacturer for the benefit of their clients. Sponsored by: North American Steel |
Residences to help solve McMaster’s housing crunch
With lack of student housing a significant problem, McMaster University has major projects set to open this year and in 2026. The latter project, to be known as Lincoln Alexander Hall, will set a new standard for student residences.
Ranee proposes 35-storey rental tower in Etobicoke
Ranee Management plans a 35-storey rental tower at 1276 Islington Ave. in Etobicoke. The Kirkor Architects and Planners design would include 366 rental units – 18% would be two-bedroom layouts, another 10% would be three-bedrooms.
SNC consortium gets contract for Calgary Green Line LRT
The City of Calgary has chosen SNC-Lavalin (SNC-T) to oversee construction of the Green Line LRT project's first phase. SNC-Lavalin will provide commercial and construction management of the first 18 kilometres of the project.
Calgary Co-op to close two stores
Two Calgary neighbourhoods will lose their Co-op grocery stores on March 8. Calgary Co-op said Wednesday the Beddington Co-op, at 8220 Centre St. N., and Village Square Co-op, at 2520 52nd St. N.E., will close due to poor performance.
 | The Industrial Real Estate Show Leveraging social media for commercial real estateChad GriffithsPartner, NAI Commercial |
Solartility to launch Alberta's first virtual power plant
Calgary-based electricity retailer Solartility Inc. is on the cusp of launching Alberta’s first wholly green virtual power plant for residential homes and building owners – which it states can save customers up to 30 per cent in energy costs.
Trez Capital sells two multiresidential projects in Texas
Trez Capital announced the dual sale from its Trez Opportunity Funds (TOF) #4 and TOF #5 of The Beacon and The Dalton, located in Austin, Texas, as a portfolio to a single purchaser at a price exceeding initial sale expectations.
Tech office leasing plummets across the U.S.
Tech’s turbulent relationship with the office market took an abrupt turn at the end of 2022 as economic pressure prompted the industry to lease less space than in the past five years, according to a Savills report.
News Corp's potential $3B Move sale faces hurdle
Rupert Murdoch’s bid to sell online real estate business Move Inc. for $3 billion may hit a roadblock with the National Association of Realtors. Move’s Realtor.com operates under an agreement and trademark license with the group.
Arrested FBI agent was once a Brookfield executive
Charles McGonigal, a former FBI agent who went on to become senior vice president for global security and life safety at Brookfield Properties, has been charged with money laundering and violating U.S. sanctions against Russia.
B.C. beefs up strata CRF contributions to address insurance costs
The B.C. government is changing strata regulations to better protect strata owners and mitigate insurance costs. These include raising the minimum amount developers or strata owners must contribute to their contingency reserve fund (CRF).
Bank of Canada predicts further dip in home prices
The Bank of Canada is predicting home prices will decline further after it raised interest rates Wednesday for the eighth consecutive time, but it expects sales activity to pick up later in the year.
Vacancy rate for purpose-built rentals at lowest level since 2001: CMHC
The Canada Mortgage and Housing Corp. says last year’s surging rental market left the country with the lowest vacancy rate for purpose-built rentals since 2001. The vacancy rate for such properties sat at 1.9 per cent last year.
Impersonators linked to 32 homeowner fraud cases in Ontario, B.C.
Mortgage and title fraudsters who impersonate homeowners and tenants have targeted at least 32 properties in Ontario and B.C., investigators and official warnings suggest. President and CEO Brian King said King International Advisory Group had received 30 claims in Ontario.
Industry Events
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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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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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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