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Montreal's largest multifamily complex, La Cité Apartments, is for sale

4 days ago

Montreal's largest multifamily complex, La Cité, is for sale

Oxford Properties has placed another of its premium Canadian properties on the sale block as it continues recycling capital into new projects and investments. The Toronto-based firm is marketing the La Cité Apartments, Montreal’s largest multifamily complex.

H&R records $791.56M 2025 loss as asset values take hit

H&R REIT (HR-UN-T) recorded a $791.56 million net loss in 2025 due to $969.28 million in property writedowns but, considering the current business climate, CFO Larry Froom said he was "pleased" with the overall year-end financial results.

Developers hope AI tools can shorten permit approval times

While both architects and planners have long used all sorts of advanced software tools, such as AutoCAD and GIS, the tasks involved in determining whether a development application conforms to zoning, building code and planning rules have stubbornly resisted automation. 

'Catastrophic:' B.C. budget cuts leave projects in limbo

British Columbia announced in its budget on Tuesday, it is "reallocating" nearly $1.4-billion worth of housing investments, including pausing any funding through the Community Housing Fund. 

Hamilton condo developer granted creditor protection

The cash-strapped builder behind a Stoney Creek condominium project has been granted court-ordered creditor protection while it tries to restructure amid “recent downturns” in the condo market. LJM Developments was granted an initial order under the Companies’ Creditors Arrangement Act.

Dual highrises envisioned for Scarborough

An Official Plan Amendment submitted to the City of Toronto by 2827431 Ontario Inc. seeks to redesignate 1928–1936 McCowan Rd. from "general employment areas" to "mixed use areas." The application is strictly a land-use conversion exercise. 

17-storey rental proposed in Bloor West Village

A 17-storey tower is being proposed just a short walk west of Runnymede station. The mixed-use development would rise on the south side of Bloor Street West, replacing a trio of lowrise commercial and mixed-use buildings.

Q4 construction sentiment improves

According to the latest RICS–CIQS Canada Construction Monitor, overall sentiment across Canada’s construction sector edged higher in the fourth quarter of 2025, although activity remains subdued outside of infrastructure.

Activity picks up at CF Market Mall and CF Chinook Centre

Real estate activity is picking up at Calgary’s CF Market Mall and CF Chinook Centre, with a number of new leases, retailer expansions and first-to-market brands set to open in the months ahead, a senior executive with Cadillac Fairview says.

Is Yorkdale’s 'snobbery' simply a sign of the times?

In a court ruling on February 9, Justice Jessica Kimmel blocked Fairweather-owned brand Les Ailes de la Mode from moving into Yorkdale’s former Hudson’s Bay Company real estate. And from a brand perspective, the decision tracks.

Ontario court recognizes U.S. bankruptcy for Eddie Bauer

An Ontario court has agreed to recognize a U.S. bankruptcy filing from the operator of Eddie Bauer’s Canadian stores. The court's recognition of the case paves the way for outcomes in U.S. proceedings to more easily be applied in Canada.

Canac opens 30,000-square-foot store in Laval

After 10 years of efforts, CANAC is setting up shop in Laval. The arrival of its 36th store, which welcomed more than 3,800 customers on its first day of opening, is "shaking up the market."

Polygon Homes nearly sells out first release in Squamish

Despite a “very slow market,” in B.C.'s housing sector, Polygon Homes’ recent success with a new development may indicate signs of emerging life. The community includes three- and four-bedroom townhomes.

Modular housing continues to face regulatory resistance

Government policies aim to modernize housing construction, but those pushing the new methods say there’s a reluctance to depart from conventional ways, even with a serious drop in housing starts.

How McAdam plans to become railway, logistics hub again

The mayor of McAdam, N.B. has a plan to get people and businesses back to the town by capitalizing on growth down the line at Port Saint John by reviving the railroad industry.

Aritzia buys rights to Fred Segal, leases iconic Melrose site

Aritzia Inc. announced Thursday it has purchased U.S. fashion brand Fred Segal. In tandem with the deal, Vancouver-based Aritzia will also be leasing Fred Segal’s iconic Melrose Avenue property in Los Angeles.

BrightSpire’s $955M debt deal signals end of portfolio clean-up

BrightSpire Capital closed a $955 million commercial real estate collateralized loan obligation this month, signalling a decisive shift for a company that spent much of the past two years absorbing losses and cleaning up its loan portfolio.

CRE exec splits time between dealmaking and training MLB hitters

As MLB's spring training kicks off on Friday, Newmark executive managing director John Yandle will trade a briefcase for a ballcap, ascend the dirt-packed pitching mound and hurl cookies over the plate for hitters to feast on.  

Thai hotel empire weighs $1B REIT, unit IPO to cut debt

Minor International Pcl – Thailand’s largest hotel and restaurant chain operator – plans to set up its first real estate investment trust worth about US$1 billion to raise funds for debt repayment.

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