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OPTrust acquires 50% stake in Sen̓áḵw, Westbank exits project
OPTrust acquires 50% stake in Sen̓áḵw, Westbank exits
Canadian pension fund OPTrust has increased its stake in the opening phases of Vancouver's massive Sen̓áḵw development to 50 per cent, as developer Westbank exits from the project led by the Indigenous-owned Nch’ḵay̓ Development Corp.
Surprise return of Zellers at Edmonton's Londonderry Mall
UPDATED WITH NEW DETAILS: Shopping centre owner Leyad has announced iconic Canadian retailer Zellers is returning to the retail landscape, with its first location opening today in the former Hudson's Bay store at the Londonderry Mall in North Edmonton.
Ontario gov't to intervene in review of RECO
The Ontario government will intervene in an “extensive review” of its real estate watchdog after RECO cut a deal with a GTA brokerage responsible for an unprecedented financial breach that allowed iPro Realty’s co-founders to escape charges and fines.
Study finds high eviction rate for largest private landlord
Starlight Investments “is, in some ways, leading the charge” in transforming multi-family housing stock, said Martine August, a professor of planning in Waterloo’s faculty of environment and the co-author of a recent study on Toronto landlords’ behaviour around eviction.
PM launches new Major Projects Office with Calgary HQ
Canada's new Major Projects Office (MPO) was announced today. The MPO will headquartered in Calgary and have offices in other major Canadian cities. Its mandate is to serve as a single point of contact to get nation-building projects built faster.
GTA sees Q2 decline in commercial real estate
Investment in the Greater Toronto Area’s commercial real estate market slowed significantly in Q2, with total investment volume dropping 36 per cent compared with the same period last year, according to a new report from Avison Young.
Will Toronto’s civil servants return to the office full-time?
If Toronto wants to bring civil servants back to the office, it faces a serious lack of desk space. The city has shed nearly half its office footprint, selling or terminating leases for 28 sites through its ModernTO program.
Clifton Blake closes $100 million facility with BMO
Clifton Blake has closed of a $100M operating line with Bank of Montreal and syndicated with Canadian Western Bank and Equitable Bank. The move provides the firm with working capital to further growth within its Mortgage Income Fund Trust.
Haldimand County supports Empire's plan for 15,000 homes
Haldimand council has continued its support for a controversial application to the province from housing developer Empire Communities. The developer wants to turn 4,200 acres of industrial land into a mix of housing and light industry.
Montreal developer appeals court ruling on old hospital site
High-Rise Montreal is appealing a Quebec Superior Court decision last month, which ruled the City of Montreal could prevent the construction of a sixth condo tower on the site of the former Children's Hospital.
Five towers up to 41 storeys form tallest proposal in Waterloo
Soaring towers of up to 41 storeys are being proposed for 170–180 Columbia St. W. in Waterloo by IN8 Development. The site is an assembly of two adjoining parcels at 170 and 180 Columbia St. W.
Developers in talks to take over Market Square mall in N.B.
The group currently building the $300M Fundy Quay project is in talks to take over another piece of Saint John’s waterfront puzzle. Developers Fundy Harbour Group are in discussions to take over operations of the Market Square waterfront mall.
Luxury retailer Ssense's lenders push for sale of company
Montreal-based, luxury fashion retailer Ssense is on the verge of filing for creditor protection after a conflict with its lenders. The retailer, valued at $5B, has a large presence in Montreal with a store, headquarters and distribution centre.
Jimmy John’s to open 12 Canadian locations by year-end
Jimmy John’s, the American sandwich chain famed for its “freaky fast” service and fresh ingredients, is accelerating its Canadian expansion. After debuting in Toronto in late 2024, the brand has opened a second location at Fallsview Casino in Niagara Falls.
SL Green, Vornado reportedly in hunt to buy Paramount Group
New York City’s biggest office owners have shown interest in taking over beleaguered publicly traded landlord Paramount Group. The REIT, which owns 13 million square feet of CRE, has been exploring a potential sale or other “strategic alternatives."
Las Vegas casino owners betting billions as gambling loses its lustre
Billions of dollars in construction along the Las Vegas Strip illustrates the changes in ownership and strategy that are remaking the glitzy thoroughfare as the city has sought to navigate big changes in gambling and tourism in recent years.
Hammes Partners raises $445M for health-care real estate fund
Hammes Partners has closed its first open-ended vehicle, raising US$445M in equity commitments from a diverse base of new and returning institutional investors for its core-plus health-care real estate platform. The firm beat its US$350M target.
Bigger, bolder, better: Entertainment hubs excel as 'third places'
The revitalization of entertainment hubs has brought people together again. From spaces that cater to physical activities and sports to technology-enabled gaming locales, “playtainment” is alive and well. In 2025, the lines are increasingly blurring between entertainment, art and branding.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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RealREIT
Sep 10 2025
Metro Toronto Convention Centre
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Montréal du Futur
Sep 24 2025
to Sep 29 2025
World Trade Centre of Montreal
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