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Marlin Spring buys Toronto's 8 Dawes site, adds to dev. pipeline

1 year ago

Marlin Spring buys T.O.'s 8 Dawes site, adds to dev. pipeline

Marlin Spring’s recent acquisition of a vacant piece of Toronto development land at 8 Dawes Rd. from Metrolinx adds to its cluster in the area and an already very active development pipeline.

Over 1,100 homes proposed in Coquitlam development

Local developer Ledingham McAllister is proposing to redevelop an eight-acre site in Coquitlam City Centre and a 10-minute walk from the SkyTrain Lincoln Station. The redevelopment, named Stratford Wynd, would generate a total of 1,113 new homes.

Starlight gets OK for Harris Green Village development

Starlight Investments is excited to announce that it has received approval to move forward with its masterplan and first phase of development at Harris Green Village, located in Victoria, B.C. breaking ground this year on 1,500 new purpose-built homes.

Ontario nursing homes owners selling to res. developers

For-profit nursing homes in Canada’s largest city are vacating the sector rather than undertaking mandatory upgrades, creating a property sell-off that hinders the Ontario government’s promise of 60,000 new and upgraded beds by 2028.

Vancouver rental: Harder to find, harder to build

It’s been several years since the developer of the controversial, former Denny’s restaurant site at West Broadway and Birch Street was approved for rezoning.  In a neighbourhood with mostly low-rise apartments, higher density was seen as encouraging more skyscrapers.

Future proof or future shock? Tech can make the difference

In this transitional year, monetizing demographic shifts, redefining office space, and achieving energy, sustainability and governance (ESG) goals will be the demand drivers within the commercial real estate industry.

Sponsored by: Yardi

Tenblock refines 2-tower proposal in Bloor-Yonge area

A positive outcome from a community consultation would give developer Ten Block the go ahead for its proposal to construct towers of 54 and 59 storeys located strategically in the Bloor-Yonge area, delivering 1,024 market apartments.

REITs unexpectedly tapped for new tax measure

Advocates for the Canadian commercial real estate industry are asking the federal finance department to clarify why real estate investment trusts (REITs) have been included in a pending new tax measure - a 2 per cent tax on share buybacks.

Vancouver firm establishes innovation hub in Calgary

As cities across Canada grapple with high downtown office vacancy rates, Calgary is hoping to whittle away at its persistent problem with a touch of innovation. Vancouver-based RAM Consulting has opened an innovation hub in downtown Calgary.

Makeover for Edmonton's historic Canada Permanent Bldg.

The 110-year-old Canada Permanent Building in downtown Edmonton is expected to undergo major internal renovations. The renovation cost is $1.6 million, with about $110,000 coming from the city.

Shoppers, Dollarama, Costco, most reputable Cdn. firms

As higher food prices continue to foster distrust between Canadian consumers and retailers, Shoppers, Dollarama and Costco have maintained a favourable reputation. Market research firm Leger released its ranking of the Top-10 most reputable companies in Canada.

Soaring insurance costs could 'paralyze' U.S. CRE

The price of commercial property insurance has risen so dramatically in the past two years that it has reached a crisis point.  Premiums for commercial insurance at the end of 2022 increased an average 9.4% across the U.S. from 2021.

NYC CRE sales fell by 50% to start the year

Sales volumes in New York City CREA were $2.2B worth of investment sales across 108 properties in the first quarter of 2023, representing a 59% decline across the trailing four-quarter average, and a 53% decrease from Q4 2022.

Transactions to interactions: The experiential retail journey

A recent Hines study reports investor sentiment is favourable to retailers that focus on creating a positive shopping experience and fostering a sense of community, and e-commerce’s negative impact on physical stores will reach a turning point by 2027.

46-acre entertainment district cancelled in Phoenix

The Arizona Coyotes NHL team’s developer is fighting a city of Phoenix lawsuit that would "torpedo" its plans to build a $2.1B, 46-acre entertainment district.  It is considering a hefty financial settlement to cancel the project.

Canadian banks' flexibility is putting a floor under home prices

Canadian homeowners are finding ways to delay the pain from one of the fastest increases in interest rates in decades. Some consumers with variable-rate mortgages at Canada’s biggest banks are tacking unpaid interest onto their mortgage’s principal.

Housing market downturn just hitting cottage country

Phil Soper, chief executive of Royal LePage, talks with the Financial Post’s Larysa Harapyn about how the downturn is just hitting cottage country.

OPINION: Canada’s housing and immigration policies are at odds

Housing affordability has metastasized from a Toronto and Vancouver problem to a national crisis. One of the main reasons for the lack of affordability, according to our recent report, is the misalignment between Canada’s different levels of government.

Montreal home sales hit new March low

The Quebec Professional Association of Real Estate Brokers says March home sales hit a new low for the month. Residential sales in the Montreal CMA totalled 3,947 in March 2023, a 28 per cent drop year over year.

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