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Maître Carré JV plans $135M Montréal hospital redevelopment
Maître Carré JV plans $135M Montréal hospital redevelopment
Maître Carré and TGTA are teaming up with Fiera Real Estate and Fondaction on a $135-million redevelopment that will see the former Grace Dart Hospital in Montréal’s east end become part of a 299-unit rental housing development.
Cadillac Fairview acquires U.S. giant Lincoln Residential
Cadillac Fairview has acquired the residential division of Lincoln Property Company, which had been part of one of the largest privately owned multifamily real estate operators in the United States.
True North eyes downtown Winnipeg mall: City report
A division of True North Sports and Entertainment - True North Real Estate Development - is eyeing the potential purchase of the Portage Place mall, a site the City of Winnipeg has hoped to revitalize for several years.
Team Town Sports to consider Nordstrom space
Canadian retailer Sporting Life Group is launching a new chain of big box stores. Team Town Sports, with plans to expand to 25 stores across the country, might consider some locations set to be vacated by Nordstrom Inc.
CAPREIT sells Montréal parking lot site for $17.25M
CAPREIT announced it has completed the disposition of a parking lot site located in Montréal for gross consideration of $17.25 million. The potential redevelopment site is adjacent to an existing multiresidential building owned by CAPREIT (CAR-UN-T).
 | Trez Capital Patience + experience: The key to success in commercial real estate investments in 2023As we settle into the new year, players in the commercial real estate space are reflecting on 2022 and beginning to execute strategies for 2023. Although real estate has been heavily impacted by economic variables, great opportunities continue to exist. Sponsored by: Trez Capital |
Canada Square set for redevelopment
As plans evolve to redevelop the 9.2-acre Canada Square property at the key midtown Toronto intersection of Yonge Street and Eglinton Avenue, chances are whatever gets built is bound to be an improvement.
Merchant House proposes 12-storey mixed-use in Victoria
Victoria-based Merchant House Capital has proposed a 12-storey, 160-unit rental tower featuring commercial space at 2621-2629 Douglas St., in Victoria’s Burnside-Gorge neighbourhood as the final step to revitalize the Victoria Press Building property.
A sneak peek inside the relaunch of Zellers
There is a small frisson of excitement inside this Hudson’s Bay store, as though there has been a celebrity sighting. “He’s here!” says Zellers creative lead Henrietta Poon, her face brightening. “He” is an inanimate bear costume: Zeddy the mascot.
Courtyard by Marriott set to open in Nanaimo
The nine-storey, 172-room Courtyard by Marriott business-class hotel in downtown Nanaimo is scheduled to open in mid-March. The 0.4-acre lot the hotel sits on was formerly owned by the City of Nanaimo.
BMI Group proposes port partnership in N. Ontario
BMI Group has proposed a heavy-cargo port at Red Rock, a community of 942 on the north shore of Lake Superior. BMI signed a memorandum of agreement late last year with the 2,089-member Red Rock Indian Band.
Farmland prices have soared 213% since 2016
Since 2016, the increase in value per acre of farmland in Canada has been 213 per cent. The average acre in Canada is now worth almost $3,800, compared to $862 in 2001, according to Statistics Canada.
‘Shock' coming for CRE as return-to-office falls short: IWG
There’s a “shock” coming for the CRE industry, according to Mark Dixon, CEO of flexible office company IWG. “Look at the United States. You’ve got some of the largest property companies in the world handing back properties to their bank.”
Manhattan office pain extends to Long Island City
Last month, BentallGreenOak and Related Fund Management agreed to hand back the keys to The Point LIC complex after they defaulted on their mortgage on two Long Island City buildings - the Paragon Building and the Blanchard Building.
Realty Income to acquire $1.5B convenience store portfolio
Realty Income Corp. has agreed to acquire a portfolio of as many as 415 single-tenant convenience store properties in the U.S. under a sale-leaseback with U.K.-headquartered convenience retailer EG Group. The deal is valued at approximately $1.5 billion
China targets ‘unregulated’ expansion, property shares fall
Chinese real estate shares fell after the government said it would target disorderly expansion in the sector, underscoring concerns for the nation’s battered developers. A Bloomberg Intelligence gauge tracking Chinese developers fell nearly 1.9 per cent on Monday.
Montréal home sales hit new all-time low for February
The Quebec Professional Association of Real Estate Brokers says Montréal’s February home sales hit a new low last month, dropping 32 per cent from the prior February. Sales for the month totalled 2,996 compared with 4,375 a year ago.
Number of Quebec real estate agents could drop
For the past five years, their numbers have increased throughout Quebec, but the pool of real estate agents is expected to drop as home sales continue to cool since COVID. There are currently about 17,000 real estate brokers in Quebec.
London-area home sales plunge but prices rise
Only 436 London-area homes were sold last month, the fewest in February since 1995, London St. Thomas Association of Realtors (LSTAR) reported Friday.
Panel of experts predict home prices will drop
A report released by Finder on Monday found 88 per cent of the 16 Canadian economists and industry experts it surveyed expect housing prices to drop another 10 per cent by the end of the year.
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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