Melcor launches plans for Calgary's Greenwich village

Following the successful opening of the Calgary Farmers’ Market last summer in its new Greenwich community, Alberta-based Melcor Developments (MRD-T) has launched plans for close to 400,000 square feet of commercial development in the fast-growing neighbourhood.

Winnipeg landlords prepare for sharp rise in office vacancies

A new CBRE report forecasts a “pivotal” year for the Winnipeg office market in 2023 as a tide of older, less desireable space returns to the market with Wawanesa Mutual Insurance Co.’s relocation to True North Square.

How Canada fought off U.S. to land vehicle battery plant

An intense Canadian lobbying effort to woo Volkswagen to build an electric vehicle battery plant in Ontario began more than a year ago, and ended with an hour’s notice on Monday when the global automaker finally made its decision public.

Crestpoint acquires Surrey, B.C., distribution centre

UPDATED WITH QUOTES, DETAILS: Crestpoint Real Estate Investments Ltd. continues to load up on industrial properties, announcing Tuesday that it acquired the newly built Coastal Heights Distribution Centre in Surrey, B.C., for an undisclosed price.

Phase 1 underway at Metropia's 12-acre Union City

Metropia's 12-acre master planned community is headed for the growing Unionville neighbourhood of Markham, along Enterprise Boulevard. Phase 1 of Union City includes a 40-storey, 440-unit condo tower with 1.1 acres of green space.

Occupancy underway at Universal City in Pickering

In the eastern GTA municipality of Pickering, a master-planned community dubbed Universal City (UC), from Chestnut Hill Developments, comprising a total of seven residential towers planned and designed by KIRKOR Architects and Planners, is taking shape. 

Costco proposed for Calgary-area Bingham Crossing

A new Costco has been proposed at Bingham Crossing, a shopping and lifestyle centre currently under construction a few kilometres west of Calgary. The 270,000-square-foot location would be part of the first phase of the project.

Birks invests in Chinook Centre, Carrefour Laval locations

Birks Group has relocated its Maison Birks store to a bigger location in CF Chinook Centre in Calgary and has also undertaken significant renovations at its CF Carrefour Laval store which will be unveiled later this spring.

Aurora plans for microwave-based hydrogen facility

Edmonton-based Aurora Hydrogen plans to open a 200-kilogram per day demonstration facility just outside the city later this year to showcase its microwave-based method of hydrogen production. Aurora believes it has the most electricity-efficient way of making clean hydrogen.

First Capital REIT most oversold stock on TSX

Real estate and financials dominate the list of 26 index stocks trading at oversold levels below the S&P/TSX Composite's Relative Strength Index buy signal of 30. First Capital REIT (FCR-UN-T) is the most oversold stock in the benchmark.

REIT/ REOC fourth-quarter financial results

Bridgemarq Real Estate Services, (BRE-T), Canada Newswire

Nexus Industrial REIT, (NXR-UN-T), Globe Newswire

True North Commercial REIT, (TNT-UN-T), Canada Newswire

Dream JV to offer ESG-focused debt capital

Dream Unlimited Corp. (DRM-T) will offer ESG-focused debt capital to the U.S. market through the launch of Avrio Real Estate Credit, in partnership with PaulsCorp. The entity is set to provide loans of $25 million to $150 million US.

Teachers' not interested in SVB's Canadian assets: CEO

The Ontario Teachers’ Pension Plan has invested heavily in tech and financial services companies in recent years, but CEO Jo Taylor says he isn’t lining up to buy the Canadian business of failed Silicon Valley Bank.

Where Brookfield sees opportunities in investment landscape

Brookfield Asset Management, which raised $93 billion in capital in 2022, focused on equity in the past, but has increasingly moved into the debt strategies where it sees potential for attractive returns given the current state of capital markets.

10 biggest real estate companies in China

The Chinese real estate sector is one that has been driving the country's economic growth in recent years, in sharp contrast to the past, where private ownership of land and housing was at odds with the Chinese government's political values.

Toronto warns housing plan ‘at high risk’ in latest report

Toronto has released details of its long-awaited plan to deal with the housing crisis, but warned its ability to deliver the program is “at high risk” unless Ontario reimburses it for hundreds of millions in development charges removed by legislation.

B.C. condo developers can pre-sell without building permits

The BC Financial Services Authority has issued a notice to its stakeholders, including developers, advising that the Superintendent of Real Estate’s Policy Statements 5 and 6 have been amended, effective March 8.

Home sales drop 40 per cent year-over-year in February

The Canadian Real Estate Association says homes sales shrunk by 40 per cent in February compared with a year ago. February sales were comparable to what was recorded in 2018 and 2019, before the COVID-19 pandemic.

Annual rate of housing starts climbed 13% in February: CMHC

Canada Mortgage and Housing Corp. says the annual pace of housing starts climbed 13 per cent in February. The seasonally adjusted annual rate of housing starts for February was 243,959 units compared with 216,514 in January.