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3,300-unit Conestogo rental development coming to Waterloo
3,300-unit Conestogo rental development coming to Waterloo
Solowave Investments Ltd. has received council approval in Waterloo, Ont., for its Conestogo Park Square development that is planned to include 12 purpose-built rental apartments containing more than 3,300 units.
Town & Centre a change of pace for Coquitlam, Mosaic Homes
The Town & Centre mixed-use development by Mosaic Homes represents not just the first new high-rise housing to hit the Coquitlam Town Centre market in six years, but is part of a long-term shift for the Vancouver developer.
CRE sector at a turning point: Brookfield CEO
Brookfield Corp. (BN-T) CEO Bruce Flatt is predicting “a much different story” for the beleaguered commercial real estate sector over the next two years, suggesting falling interest rates and an uptick in transactions should create “major tailwinds” for property owners.
Competition Bureau probing grocer real estate clauses
The Competition Bureau says it's investigating the use of restrictive real estate clauses in the Canadian grocery sector. Deputy commissioner Anthony Durocher said "property controls" can be a major barrier to entry and expansion in the Canadian marketplace.
The Post downtown Vancouver's newest anchor
The largest retail space addition to downtown Vancouver in more than two decades officially opened to the public last week at The Post. The redevelopment of Canada Post’s industrial-sized processing centre includes about 185,000 square feet of retail/restaurant uses.
Phase 1 of Cloverdale Mall redev. green-lighted
More than four years after plans to redevelop Etobicoke’s Cloverdale Mall were unveiled, Toronto City Council has given the go-ahead for Phase 1. QuadReal Property Group and Mattamy Homes will move forward with the inaugural 33- and nine-storey condo towers.
North American proposes seven towers In Brampton
North American Development Group has proposed seven towers ranging from 28 to 47 storeys in Brampton's Mount Pleasant area. The Giannone Petricone Associates-designed development would include 2,801 residential units and retail space.
Li-Metal plans for world's first carbonate-to-lithium plant
Li-Metal Corp. (LIM-CN) unveiled its concept study for a North American lithium metal facility it claims will be the world's first commercial carbonate-to-metal production site. The facility would have an average production of 1,000 tonnes of lithium metal per year.
Renewing Emond's CEO mandate no-brainer for Caisse
OPINION: The renewal of Charles Emond's mandate for a second five years as Caisse de dépôt et placement du Québec CEO was not a difficult decision for the board of directors. Emond demonstrated his abilities to navigate through troubled waters.
Muddy Waters alleges accounting manipulation by Fairfax
U.S. short-seller Muddy Waters Research alleges Toronto-headquartered Fairfax Financial Holdings Ltd. (FFH-T) has overstated its balance sheet by US$4.5 billion in part by failing to adequately write down a series of bad investments. Fairfax "disagrees with the allegations."
Indigo reports 70% drop in quarterly profit
Indigo Books & Music Inc. (IDG-T) has reported a 70 per cent decline in third-quarter profit and is borrowing more money from its controlling shareholder, as the retailer continues to struggle and faced slumping sales during the crucial holiday shopping season.
Homebuilders seek 30-year mortgages to boost construction
The Canadian Home Builders’ Association wants the federal government to offer a 30-year amortization period for insured mortgages on new homes. The group says extending the period an additional five years would help with affordability and spur more construction.
Richmond condo developer gets reprieve
A B.C. Supreme Court judge extended court protection on Wednesday for Anderson Square Holdings Ltd., the troubled company behind the Prima condo development in Richmond which consists of 109 residential strata units and 10 commercial strata lots.
Sun Life's U.S. office portfolio value falls 26%
Sun Life Financial (SLF-T) saw the value of its U.S. office building investments plunge more than 26 per cent last year, with particular pain around one property in San Francisco.
Mary Brown's Chicken expands to Northern Ireland
Mary Brown's Chicken – a 100 per cent Canadian-owned quick service restaurant – announced its expansion overseas with the opening of its first international restaurant in Lisburn, Northern Ireland. Mary Brown's Chicken will be known internationally as MB Chicken.
Receivers sell seized London office tower for 60% off
A 12-storey office block on London’s Canary Wharf which was once a trophy for the chairman of China’s Cheung Kei Group is being sold by receivers for $134 million – 60% less than paid for the property in 2017.
D.C. office building taken by receiver after loan default
A New York-based real estate firm has lost control of an office building in Upper Northwest D.C. Brickman, a real estate investment firm led by Bruce Brickman, defaulted last year on a CMBS loan secured by a 71,000-square-foot property.
Cano Health wants out of 80 leases in bankruptcy
Cano Health, which filed for Chapter 11 reorganization on Sunday, has asked the bankruptcy court to reject leases associated with about 80 of its underperforming locations nationwide as part of its reorganization.
World’s largest franchisee operator explores sale: Sources
Flynn Group, the world’s largest franchisee operator of restaurants and fitness clubs, is exploring a majority stake sale that could value it at more than $5-billion, including debt, according to sources.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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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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