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Atria plans 4-tower Centra development on 2 Oshawa sites
Atria plans 4-tower Centra development on 2 Oshawa sites
Atria Development has proposed four A& Architects-designed mixed-use residential towers on two neighbouring sites in downtown Oshawa for a multi-phased project it calls Centra.
Artis ends strategic review, negotiates $520M in new credit
Artis REIT management says it has concluded a 16-month strategic review of the trust after $1.1 billion of property dispositions - which has made a significant dent in its debt - and securing $520 million of new senior debt facilities.
Feds' $15B plan to get pension funds to invest in green DCs
The federal government has considered making up to $15 billion of federal money available as an incentive to encourage major Canadian pension funds to invest in AI data centres powered by green energy, sources said.
9 new towers in Broadway Plan approved by Vancouver
It has been a busy month for Vancouver City Council, as it has made its first major approval wave of rezoning applications within the Broadway Plan area. Over the four public hearings, council approved eight separate rezoning applications.
Phase 1 of Marine Landing development complete
Developers Wesbild and KingSett Capital have announced the completion of Phase 1 of Marine Landing, touted as Canada’s largest twin stacked industrial strata, at Marine Drive and Manitoba in South Vancouver. Over 100 businesses will take possession this month.
BMI Group to launch industrial hub in Quebec
The BMI Group has acquired the former paper mill property in Baie-Comeau, Que. — a 2,800-acre site that will be transformed into the Norderra Multimodal Industrial Hub — to advance regional industrial development and strengthen Canada’s resource supply chains.
OLT backs Smart Centres on Canadian Tire site redev.
The Ontario Land Tribunal has ordered Aurora to allow the redevelopment of a former Canadian Tire site on Yonge Street, for up to 900 units of housing. Phase 1 of the Smart Centres redevelopment would see 480 housing units built.
Dynamite billionaire Lufty owns sizable RE portfolio
After the underwriters’ fee, the Groupe Dynamite IPO yielded $281M in cash for CEO Andrew Lutfy, out of which he repaid Dynamite $110 million. He doesn’t yet know what he’ll do with the rest.
Bearspaw FN inks agreement for project near Calaway Park
In what they’re calling their first off-reserve pursuit, the Bearspaw First Nation has inked a pact with a developer to create a residential-commercial-recreation complex along the TransCanada Highway just west of Calgary.
Final dev. permit approved for Calgary's $900M event centre
The final development permit required for Scotia Place, Calgary’s new event centre, received unanimous approval from the city’s planning commission. The $900-million building will have a 75-year lifespan and has capacity of 20,000 for concerts.
Memo suggests plan for undeveloped waterfront site in Van.
A convention centre, hotel and homes could be coming to Vancouver’s last significant piece of undeveloped urban waterfront, according to a city memo signed by officials and two area landowners - Cadillac Fairview and Whitecaps owner Greg Kerfoot's holding company.
October building boom pushes Vancouver permits to $1.13B
The value of building permits in Vancouver rose 13.7 per cent in October compared with the same month a year ago, according to Statistics Canada. StatCan data revealed permit values in the region totalled about $1.13B in October.
Booming St. Thomas, Ont. approves two subdivision plans
As St. Thomas prepares for a population boom from a manufacturing surge driven by Volkswagen’s factory, city council has approved a pair of proposals that will add a total of nearly 400 new homes.
Montreal paying $5.9M in ‘rent’ for vacant Sanaaq centre
The Sanaaq Centre is still months away from opening, and already the City of Montreal has paid nearly $5 million in “rent” to the owner of the building that will house the future downtown municipal library and community centre.
Canada’s most livable cities in 2024
In total, we evaluated 448 communities based on 50 variables, which spanned 10 categories such as transportation, amenities and, yes, housing. Five B.C. communities made the top 10 with North Vancouver taking the top spot in the nation.
CPPIB partners on $750M dev. of former Bollywood property
Canada Pension Plan Investments and Indian real estate company RMZ and will invest US$750M to redevelop one of Mumbai's iconic Bollywood studios into a 10.94-acre office project. The building spans 3.74 million square feet.
Survive 'til '25 was a theme for CRE: These 20 didn't make it
Heading into 2024, the mantra for many in CRE was “survive 'til ‘25.” Companies of all stripes were prepared to weather the year. While that strategy worked for countless companies and projects in the space, some weren’t so fortunate.
AI wants more: Data, chips, real estate, power, water, everything
It looks easy enough: Ask ChatGPT something, and it responds. But pull back the curtain, and you’ll find that every ChatGPT prompt and Microsoft Copilot task consumes vast resources.
City of London approves plans for new tallest skyscraper
The City of London Corporation has approved a plan to build the ancient financial district’s new tallest skyscraper. The Corporation’s planning committee has voted in favour of the 74-story tower at One Undershaft.
Miami’s iconic Delano spawns a new hotel brand
Masterminded by hotelier-of-hoteliers Ian Schrager, and designed by architect of the day Philippe Starck, the Delano was an instant hit: a celebrity magnet, the beating heart of South Beach and the spark that ultimately fuelled a luxury hotel boom.
Industry Events
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Canada Real Estate Auctions
Jan 01 2025
to Dec 31 2025
Canada
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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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