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Brookfield invests up to $100M in Forum student housing fund

1 week ago

Brookfield invests up to $100M in Forum student housing

Brookfield has made an investment of up to $100 million into the Forum Real Estate Income and Impact Fund (REIIF), as part of the fund’s acquisition of the $1.7-billion Alignvest Student Housing REIT.

Investors create BIG North Capital out of CCAA proceedings

BIG North Capital emerged late last year in a manner unlike almost any other investment company. Its 177 founding shareholders came together as the result of their involvement with bankruptcy protection proceedings for investments they were at risk of losing.

Tariff threats put chill on deals, investment in Canada

The threat of a trade war hanging over the North American economy has sent a chill through investors, putting deals on pause and making it harder for Canadian companies to raise capital.

Colliers posts 22% surge on dealmaking, has tariff concerns

Colliers posted a 22 per cent jump in revenue from increased deal activity for the fourth quarter, but executives are warning that uncertainty surrounding the economic effects of trade tariffs and other global issues could affect results this coming year.

Demolition begins at Calgary's Eau Claire Market

Calgary's Eau Claire Market is coming down after closing in 2024. While demolition was always in the cards for this once-beloved indoor market, as the site was a planned Green Line LRT station, that plan has since derailed.

Burlington meat processing plant to be redeveloped

The owners of meat processing plant Tender Choice Foods, which was ravaged by fire in December 2017, have a redevelopment plan in place. The intent is to demolish the two existing buildings and create a state-of-the-art office and industrial redevelopment. 

VJ Pamensky opens new office and warehouse in Toronto

Industrial automation and electric motor solutions specialist VJ Pamensky (WEG Canada) announced it has moved to a new office and warehouse in Toronto. At over 125,000 square feet, the new location is double the size of its previous facility.

Parkit buys industrial property in Quebec

Parkit Enterprise Inc. (PKT-X) announced it has acquired an industrial asset for an aggregate purchase price of $10.25M. The industrial building in Boisbriand, Que. has 62,680 square feet of gross leasable area.

City of Vancouver to pilot market rental housing strategy

Vancouver is embarking on a strategy to build 4,300 units of market rental housing on five city-owned sites to generate cash flow that could be used to fund affordable housing and community centres.

Fed funding still open to cities that hike development charges

Federal Housing, Infrastructure and Communities Minister Nathaniel Erskine-Smith said cities that do what they can to drive down building costs will still be able to access a $6-billion infrastructure fund — even if they don't freeze development charges.

Hospitals getting into the housing business

In the past year, University Health Network has found itself anchoring two novel housing initiatives: one, a transitional housing project in Toronto’s Parkdale neighbourhood; and the other, a complicated joint venture with the City of Toronto and two developers.

National rent prices hit 18-month low in January: report

Average asking rents across Canada hit an 18-month low in January, declining 4.4 per cent on an annual basis to $2,100. January marked the fourth straight month of annual rent declines after 38 consecutive increases.

A peek inside the largest Indigenous-led housing development

In Vancouver, the ambitious Sen̓áḵw project, which comprises more than 6,000 rental units and 1,200 homes across 11 towers on 10.4 acres of Squamish Nation land at Kits Point adjacent to Vanier Park, is quickly taking shape.

39-storey tower proposed near Laird LRT station in Leaside

Spurred by the coming Eglinton Line 5 Crosstown LRT, Diamond Corp has submitted an application for a 39-storey highrise proposal in Leaside within the area designated as a major transit station area. 

Multifamily builder sentiment lowest since early 2021

The Canadian Home Builders’ Association 2024 Q4 Housing Market Index reports a further decline in homebuilding industry sentiment. This is likely a result of poor selling conditions for both single-family and multifamily homes in Ontario and British Columbia.

Homes built by Jayman generate 10MW of power in Alberta

Homebuilder Jayman BUILT has crossed a major milestone in Alberta, with the almost 4,000 homes it has constructed in the past seven years capable of generating over 10 megawatts of electricity.

Office optimism builds as RTO mandates stem downsizing trends

Corporate executives and office brokers spent much of the last two years describing the widespread shrinking of office footprints as “rightsizing,” a euphemism that obscured the fact that most tenants were cutting space. 

U.S. outpaces Europe in push for greener office buildings

Europe has lured workers back to their offices more quickly than the U.S. But a new study shows the continent’s reputation for having greener office buildings isn’t quite what it used to be.

Miami Beach cracks down on new hotels to curb overdevelopment

Miami Beach is trying to scale back its hotel scene, passing a new ordinance that will require a five-sevenths vote of the mayor and six-member city commission before any new hotel project can move forward.

London office deals fell off a cliff last year, 2025 hangs in the balance

Worse than the year after the Brexit vote or the pandemic. Worse even than the financial crisis. Last year, London office investment fell through the floor, with MSCI figures showing transactions at just C$11.4B, the lowest this century.

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