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Sun Life invests $21M in office workplace pilot at Waterloo HQ
Sun Life invests $21M in office workplace pilot at Waterloo HQ
Sun Life has invested more than $21 million in an activity-based, people-focused workspace pilot project at its Canadian head office in Waterloo, Ont.
 | The People Space Pauls named Dream Residential CEO; Hirings at CLC, Colliers...Don WilcoxManaging Editor, RENX |
Way to succeed Dost as GWLRA president on June 1
Glenn Way will succeed Ralf Dost as president of GWL Realty Advisors (GWLRA) on June 1. Dost will then retire on Nov. 1 after spending 23 years with GWLRA, including five as president.
Hines seeks $200M for 462-unit Calgary apt. building
Hines is selling Park Central, a 462-unit rental building in downtown Calgary. Hines is expecting to fetch around $200 million and aims to secure a deal by fall, according to Avi Tesciuba, head of Canadian operations.
Shopify sells most of logistics business to Flexport
Ottawa-based Shopify Inc. (SHOP-T) is cutting jobs for the second time in 10 months and selling the majority of its logistics business to Flexport Inc. to focus on its core e-commerce platform business. Flexport will become Shopify's official logistics partner.
 | Grosvenor Grosvenor reviews solid performance in 2022Grosvenor publishes 2022 Annual Review, announcing solid financial performance and new global carbon reduction commitment. Sponsored by: Grosvenor |
Stateview agrees to place several projects into receivership
Woodbridge-based StateView Homes, facing multi-million dollar allegations of financial wrongdoing, has agreed to the appointment of a third-party receiver to manage the potential sale of several uncompleted townhome developments, throwing the future of hundreds of pre-sold homes into doubt.
Beedie has new proposal for Vancouver Chinatown lot
Vancouver’s development permit board on May 29 will reconsider Beedie’s application for 105 Keefer St. in Chinatown and is seeking public comments. Beedie’s newest application is similar to one for a nine-storey condo building that was rejected in 2017.
Vancouver city hall seeks to prioritize proposals
Vancouver’s city planners, overloaded by a high volume of often-complex development applications, are asking city council to set priorities. City hall currently has 120 rezoning inquiries and 100 rezoning applications — more than double the normal workload.
Espace Montmorency certified WiredScore Silver
The 350,000-square-foot office tower of Groupe Montoni’s $450-million-plus Espace Montmorency, in downtown Laval, has earned WiredScore Silver certification. Espace Montmorency is a 1.3-million-square-foot multifunctional development offering a wide range of services in an urban environment.
Tidewater nears completion of $342M renewable diesel facility
Tidewater Renewables Ltd. is on the verge of completing Canada's first renewable diesel plant. After overcoming a financial crunch, construction on the $342-million facility in Prince George, B.C., is to wrap up within the next two months.
Brookfield Infra sees opportunities in ‘deglobalization’
Brookfield Infrastructure Partners (BIP-UN-T) is seeing investment opportunities in shipping and transportation stemming from a growing trend toward “deglobalization” as countries around the world work to rebuild disrupted supply chains.
WeWork’s investment arm selling assets, defaulting on loans
When it was officially launched in May 2019, it was supposed to be a $2.9B office investment giant, with $1B of equity from one of the world’s biggest pension funds. Instead, WeWork’s investment division is selling assets.
Pressure is on for U.S. property managers
U.S. multifamily owners, after years of rent increases and record-breaking demand, have come face to face with a new reality in recent months, and as revenue cuts get deeper, the industry is going through a transition.
Flagship acquires three U.S. MHCs for $21M
Flagship Communities REIT (MHC-U-T) announced it will acquire three communities in Clarksville, Ind.; Conway, Ark.; and Jackson, Tenn., for a purchase price of approximately US$21 million. The acquisitions have an average occupancy rate of 67 per cent.
Homeowners buckling under high interest rates: Poll
Bank of Canada interest rate increases have expanded mortgage rates and appear to be causing financial hardship for some homeowners while also creating anxiety over future renewals, according to a new poll from Angus Reid Institute.
Ombudsman calls for overhaul of Ont. LTB
Tens of thousands of Ontarians have been denied fast, fair access to justice and suffered hardship because of "excruciatingly long" delays at the Landlord and Tenant Board (LTB), Ombudsman Paul Dubé reveals in his latest investigation report, released today.
Forum Equity Partners to expand Guelph student housing
Forum Asset Management, which manages The ALMA for Forum Equity Partners, said the purpose-built student accommodation for University of Guelph students will expand from its current 164 units – a mix of one- and two-bedroom units totalling 177 beds.
Ottawa prices up nearly 14% since end of 2022: OREB
Ottawa house prices have jumped nearly 14 per cent since the end of 2022, pushing the city back into “seller’s market territory,” Ottawa Real Estate Board president Ken Dekker said in a statement Wednesday.
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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