Theberge plans 3-tower Ottawa residential redev.

RENX  Residential  •  Retail, Apartments  •  Ottawa

Theberge Homes has evolved from low-rise residential to mainly high-density development, and is now working to zone a well-known Ottawa retail site for a multi-phase, three-tower redevelopment.

Canada’s proptech sector includes over 450 startups

RENX  Commercial  •  Investment, Technology  •  National

The pace of proptech investment and innovation has only accelerated in Canada during the past year, with more than 150 companies added to a national database, bringing the total to more than 450 startups.

Blackstone won’t target Canadian single-family homes

Residential  •  Globe and Mail (Sub. required)  •  RENX

Blackstone (BX-N) said Monday it has no interest in investing in single-family homes in Canada, laying to rest speculation the giant global asset manager would scoop up hundreds of Canadian houses and turn them into rental properties.

Inflation pushes housing providers to the brink

Mark Goodman and Cynthia Jagger: Mark Goodman, Principal, Goodman Commercial Inc.

MGM proposes 28-storey residential in Oakville

Residential  •  Urban Toronto

MGM Development proposes a 28-storey residential building at 627 Lyons Lane, within walking distance of the Oakville GO station. The Kirkor Architects-designed building would contain 295 residential units in a mix of one-, two-, and three-bedroom layouts.

Ballantry, Silwell advance plans for Oakville project

Residential, Commercial  •  Urban Toronto

Ballantry Homes and Silwell Developments have advanced plans for the first phase of their new master-planned community the Villages of Oak Park  in Oakville’s uptown core. The 12-storey Kirkor Architects-designed building would include 226 residential units and ground-level retail.

Sponsored by LivNorth LivNorth, a single source for onsite fitness facilities

According to a recent survey by Mercer Canada, physical health & fitness ranks as the top concern of Canadian employees in 2022, ahead of job security and advancement.

PUR breaks ground on LE MARKET’s final phase

Residential  •  Canada Newswire

On June 22, PUR Immobilia officially launched the fifth-and-final phase of its 640-unit residential complex, LE MARKET, in Laval’s Chomedey sector. The final phase includes 122 condo units and the entire complex includes 436 rental and 215 condo units.

Kelowna developers frustrated by approval delays

Residential, Commercial  •  Castanet

Developers are voicing their frustrations over the time they have to wait to get “simple” building permits in Greater Kelowna’s Lake Country. Some have been waiting over a year for approvals that should have taken a fraction of that time.

Staples unveils next-gen working and learning store

Commercial  •  Retail Insider

Staples Canada has unveiled its next generation of its working and learning store in Calgary’s University District, near the University of Calgary. It includes the largest Staples Studio co-working location to date.

HBC reinvents itself as digital-first retailer

Commercial  •  Toronto Star

ANALYSIS: On paper, Hudson’s Bay Co.’s digital-first transformation looks great. However, there’s a problem, experts say: people already know Hudson’s Bay, many as their grandmother’s store, a piece of Canada’s history, but not as a hip online shopping destination.

Taking a peek at stylish new Canadian hotels

Commercial  •  Globe and Mail (Sub. required)

A posh, design-forward property on the Halifax waterfront. Chic, new boutique hotels in downtown Calgary. And new, stylish places to stay in both Toronto and Montreal. Here’s a look at some recently opened and soon-to-open city hotels across the country . . .

KKR sells U.S. student-housing portfolio for $725M

Residential  •  Wealth Management

KKR & Co. has sold seven U.S. student-housing properties to Harrison Street, a deal that shows continued strength for the sector even as other residential and commercial real estate markets cool. The price for the portfolio, with 4,500 beds, was $725 million.

NYC has most heavily taxed office buildings in U.S.

Commercial  •  Commercial Observer  •  Commercial Property Executive  •  MarketWatch

The most heavily taxed office buildings in the country are in New York City, with 82 out of 100 properties with the highest tax bills located in Manhattan, according to an analysis compiled by PropertyShark.

Chevron to relocate head office within California

Commercial  •  Financial Post  •  Bisnow

Chevron Corp. is planning to relocate its global headquarters to a new leased space in California and sell its existing head office in the state, a company spokesperson told Reuters.

Developer suing over $500M Amazon data centre deal

Commercial  •  Bisnow

Colorado-based developer Northstar Commercial Partners alleges financial firm IPI Partners conspired with Amazon to level false allegations of fraud against Northstar in order to effectively squeeze the company out of a lucrative 2017 Northern Virginia development deal.

Interest rates send shivers through B.C. market

Residential  •  Business In Vancouver

A wintry summer is brewing for B.C.’s real estate market with soaring interest rates drastically reducing buyer purchasing power while sellers clamber for yesterday’s prices. Home sales fell sharply in May while home values are declining, slowly but surely.

Rent controls, vacancy decontrol hurt renters, too

Residential  •  Financial Post

OPINION: The belief rent controls work is essentially influenced by the short-term welfare of existing renters. However, the rental prospects for future tenants are compromised when sufficient new rental units are not built because landlords are wary of revenue uncertainty.

Calgary Gen Zs prefer a first home close to work

Residential  •  Calgary Herald

Sotheby’s International Realty Canada‘s final survey in a three-part series on Generation Z — Canadians in their 20s — regarding their home-buying intentions found more than eight in 10 Calgary respondents plan to stay rather than move to less pricey markets.

B.C. to record tenant-landlord arbitration hearings

Residential  •  Globe and Mail

Tenants and landlords in B.C. who go through a dispute resolution hearing now have more recourse if they feel they have been treated unfairly. Hearings are now being recorded and housing advocates are celebrating the change.