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Yorkton continues growth, buys new Edmonton apt. complex
Yorkton continues growth, buys new Edmonton apt. complex
Edmonton-based Yorkton Equity Group Inc. (YEG-X) is focused on accretive acquisitions of multiresidential rental properties in strategic markets across Canada with a current focus in British Columbia (Penticton, Kelowna, Metro Victoria and Fort St. John) and in Edmonton.
Squamish Nation seeks to develop 346 acres in B.C.
The Squamish Nation Council and Nch’ḵay’ Development Corp. announced Wednesday their objective to develop land-use strategies and community capital plans across 346 acres of their land in West Vancouver, North Vancouver, the Sunshine Coast and Squamish.
TransLink, PCI propose 30-storey Vancouver TOD
TransLink and PCI Developments have proposed a 30-storey mixed-use transit-oriented development near Vancouver's future Arbutus SkyTrain Station. The tower would include street-level retail and over 200 residential rental units – 20 per cent of which will be rented below market.
 | Design, Policy and Canadian Cities 7 new housing legislations I look forward to seeing in 2023Naama BlonderArchitect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP |
Landlords, developers giving regional malls a facelift
Metro Vancouver commercial real estate owners and landlords are rethinking, redesigning and redeveloping the value offered by large regional shopping centres. The emerging model is an environment that integrates residential real estate with work and office spaces and recreation.
Mtl. committee looks to add housing to industrial area
Montreal’s urban planning committee will recommend the adoption of a proposed plan and bylaw change to develop the bleak area between the Lachine Canal and the Saint Lawrence River, adding thousands of housing units to a "strategic location near downtown."
 | Homes by Avi Huge discounts, buyer incentives, move-in ready: Homes by Avi in EdmontonWith housing prices setting new records in Quebec, Ontario, and British Columbia, an innovative western housing builder is offering battle-weary home buyers some much needed relief in Edmonton, Alberta. Sponsored by: Homes by Avi |
Ivanhoé Cambridge talks agility and evolution
In the last few years, Ivanhoé Cambridge has turned its portfolio on its head. Five years ago, two thirds of the allocation was invested in office and retail assets. Now, two thirds is invested in logistics and residential real estate.
Montreal's Sherbrooke Street down, but not out
On Monday, John Zampetoulakis was already well on his way to emptying out Kokkino, the café on Sherbrooke Street West he has run for the past 15 years in Montreal's N.D.G. neighbourhood. Saturday was the last day for Kokkino.
Downtown Sudbury buildings could be converted
The answer for more housing across Greater Sudbury could lie in the downtown core, where the Scotia Tower, an old diocese and an old school are for sale. All three could easily be converted into multiresidential, said broker Paul Kusnierczyk.
Retail sales growth for 2023 expected to be ‘modest’
Canadian retail sales broke a record in 2021 and again in 2022. However, with consumer confidence declining and the gap between household debt and savings widening, retailers face a few hurdles, says a report by Colliers Real Estate Management Services.
Workplace peers can vie for status in CNC program
Canadian company Carbon Neutral Club (CNC) aims to drive climate action and awareness in the workplace with its software that tracks and incentivizes cutting individual greenhouse gas emissions in a friendly competition between co-workers.
Morguard N.A. Residential buys Chicago multires. for $81M
Morguard North American Residential REIT (MRG-UN-T) recently acquired Xavier Apartments, a class-A 240-suite residential building in Downtown Chicago, for US$81.0 million. Xavier Apartments is a LEED Gold premium mixed-use residential property.
Another shakeout coming for shopping centres
Malls came out of the worst of COVID with the upper hand. But the calm has shattered for the long-beleaguered sector as a crucial funding market seized up and the collapse of a string of regional banks compounds the pain.
Amazon exploring purchase of AMC, 600 theatres: Report
Amazon is reportedly considering the acquisition of the 600-plus-location AMC Theatres chain, a move that would be the company's latest foray into the movie business. The news sent stock of the chain's parent company, AMC Entertainment Holdings, soaring 21%.
Cineworld reaches deal to shave billions of debt
Cineworld Group Plc was set to submit its bankruptcy-exit plan on Wednesday after reaching a deal with creditors to trim billions of dollars of debt from its balance sheet, according to a lawyer for the company.
Federal watchdog endorses longer mortgage amortizations
The Financial Consumer Agency of Canada has released proposed guidelines for how lenders give cash-strapped mortgage borrowers help, including lengthening the time for homeowners to pay down their loan and allowing mortgages to expand beyond their original size.
CMHC amends 'illogical' foreign homebuyer ban
Mortgage expert Rob McLister said Canada's foreign buyer ban was impulsively rushed into law without due consideration and will barely move the needle on housing affordability, with the long list of exceptions and low foreign ownership to begin with.
RBC sees sluggish start to spring housing market
“It’s sunny outside, but I don’t think just because it’s sunny, you’re going to see a real spring-back in mortgage originations,” Neil McLaughlin, head of personal and commercial banking at Royal Bank of Canada, said at a conference Wednesday.
Ontario condo buyer protections in legislative limbo
Ontario has failed to follow through on commitments it has made over the last eight years to crack down on practices that can artificially boost the common expenses charged to buyers of new build condos.
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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