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After 20 years, high-profile projects keep coming from Mission Group
After 20 yrs., high-profile Mission Group projects keep coming
Mission Group, one of Kelowna’s most active developers, is moving forward with a 32-storey downtown residential tower the developer says will be the city’s first to include a mix of rental homes and condos.
Equiton caps busy 2024 with Edmonton apt. acquisition
Equiton Residential Income Fund Trust has concluded 2024 by acquiring a 277-unit rental complex in Edmonton. The purchase, by its aptly named The Apartment Fund, caps a year in which it acquired over $275M worth of property.
Burnaby mall plan includes 1,440+ homes, 2 highrise towers
Plans for Phase 2 of Shape Properties' massive mall redevelopment, City of Lougheed in Burnaby, have been unveiled. It proposes more than 1,440 homes in a 46-storey condo tower, 12-storey condo midrise and 43-storey rental tower.
 | The Industrial Real Estate Show Emerging trends in industrial real estate, with PwCChad GriffithsPartner, NAI Commercial |
London adds 3,647 acres to urban boundary, maybe more
The City of London will push on with an expansion to its urban growth boundary for residential and commercial development by 3,647 acres - the first significant change in almost 30 years - despite pushback outside the development industry.
Developers want Hamilton to fast-track urban-expansion
A consortium of developers, the Upper West Side Landowners Group, hopes to expand Hamilton’s urban boundary to build thousands of homes on farmland by fast-tracking land-use changes with a provincial minister’s zoning order and City of Hamilton support.
Final expansion of Belfort Estates going to Cornwall council
The Cornwall planning advisory committee gave a green light to the final phases of the Belfort Estates, a subdivision with 253 single-family residences and six apartment blocks, on the former Courtaulds property.
Court protection extended for Richmond development, again
Creditor protection has been extended for the Atmosphere development on No. 3 Road as a buyer is sought. The project, owned by Alderbridge Way GP, Alderbridge Way LP and a numbered company, was placed under creditor protection in mid-2022.
Ottawa yet to pass law to raise the capital gains tax
In its 2024 federal budget, the Liberal government said it would raise capital gains taxes, but eight months later, those changes aren’t yet law. As the 2025 tax-filing season draws near, uncertainty around the tax increase is growing.
Quebec cinema owner, the Guzzo Group, in liquidation
Assets of the Guzzo Group, the largest independent owner of cinemas in Quebec, are officially in liquidation. The Superior Court has ordered the sale of assets to repay creditors: CIBC, private lenders, the government and several building owners.
Barclay Street caps active year, as Calgary CRE thrives
The past year has been a good one for Calgary’s CRE industry, bouncing back big time, says David Wallach, owner/broker at Barclay Street Real Estate. He says the upbeat mood of the province is on radars far and wide.
Deep Sky to get $40M grant from Bill Gates’ Catalyst
A US$40-million grant commitment from Bill Gates’ Breakthrough Energy Catalyst for Deep Sky’s carbon removal facility in Alberta caps off a year that saw the Montreal-based company make strides toward commercialization of its ambitious climate solution.
Toronto-area new home sales down 55% in November
Figures compiled by Altus Data on behalf of the GTA-based Building Industry and Land Development Association (BILD) suggest interest rate cuts haven't increased housing demand - with new home sales in November 77 per cent below Toronto’s 10-year average.
In the Hyyve, real estate agents bid for homeowner listings
Toronto-based proptech company Hyyve is planning to disrupt property listings by having agents bid to represent homeowners. The online Hyyve platform serves as a marketplace for homeowners to have real estate agents compete for the opportunity to sell their property.
CGI Constructors opens Prairies regional office in Winnipeg
CGI Constructors, a national general contractor that has just established a Prairies regional office in Winnipeg, is a true sign of a robust economy when a product or service provider from outside the province decides to reside in Manitoba.
CPPIB buys $690M stake in software firm Regnology
The Canada Pension Plan Investment Board says it has committed about $690 million to buy a significant minority stake in software provider Regnology, which builds platforms to enable regulators, tax authorities and firms to improve their regulatory processes.
Lennar files to spin off land holdings into $5B REIT
One of the largest U.S. homebuilders has filed to spin off its land holdings into a publicly traded company. Miami-based Lennar Corp. is spinning off $5B to $6B in developable and prospective homesites into a REIT called Millrose.
Dalfen Industrial buys class-A warehouse in central New Jersey
Dalfen Industrial, one of the nation's largest privately owned industrial real estate firms, has announced the off-market acquisition of a 219,123-square-foot, class-A facility in Lumberton, N.J. Completed in 2023, the property features numerous modern specifications.
Trinity Investments buys Fairmont Olympic Hotel in Seattle
Trinity Investments, a private real estate investment firm, has acquired Fairmont Olympic Hotel Seattle, a historic 450-room luxury hotel in the heart of the downtown. First opened in 1924, it is recognized as a preeminent Seattle destination.
Ugly duckling strip malls enjoy major image makeover
Strip malls were once shunned by the retail world, scorned as charmless eyesores that drew traffic from traditional business districts, had volatile tenant rosters and offered nasty environmental impacts to boot, like promoting the use of cars.
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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