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Ahmed Group's 543-unit Mississauga apt. project in receivership

1 day ago

Ahmed Group's 543-unit GTA apt. project in receivership

A large, multi-phased purpose-built rental project in Mississauga was placed under receivership just before Christmas, according to filings in Ontario Superior Court, meaning a project first proposed over three years ago won't get off the ground anytime soon.

Choice Hotels to open six Ascend properties in Quebec

Choice Hotels International, Inc. is placing six Quebec properties under the Ascend Collection brand, a move it calls the first major step for growth since the consolidation of Choice Hotels Canada last year.

Vancouver has 29 hotels, 5,800 rooms in dev. pipeline

Vancouver currently has 29 hotel projects totalling 5,800 rooms in the development pipeline. The new data is included in a staff report that goes before council at a Jan. 15 public hearing being held to consider a 33-storey hotel at Granville and Davie streets.

New B.C. heritage rules big concern for property owners

B.C. is planning major changes to its Heritage Conservation Act that critics say may have drastic consequences for property owners. The overhaul follows the upheaval caused by a B.C. Supreme Court ruling that affirmed Indigenous title for the Cowichan Tribes.

Fisheries Department authorizes Montreal port expansion

Fisheries and Oceans Canada has granted authorization to the Montreal Port Authority to expand a container port terminal northeast of the city in an endangered fish species habitat that will increase the capacity of port infrastructure by 60 per cent.

Newdock eyes $300M modernization at St. John's ship facility

A St. John's ship repair company, Newdock, is considering a massive modernization that would cost an estimated $300 million and enable the company to take on bigger vessels. The project would take just over two years to complete.

CAMI plant in Ingersoll, Ont. could include military vehicles

The head of the union local that represents workers at the General Motors CAMI Assembly plant in Ingersoll, Ont., says switching to a military vehicle is one of the options under discussion to keep the facility operating.

Colabor seeks creditor protection

Colabor, a major food distributor that notably serves Quebec's health and education networks, has sought creditor protection, burdened by $300 million in debt. It has been impacted by a recent acquisition and a cyberattack, among other factors.

Development proposed for 257 acres of land near Windsor

An Oldcastle Hamlet Special Planning Study, prepared by WSP Consulting and presented to Tecumseh town council last month, proposes designating 58 hectares of land for residential development, 47 hectares for business parks and three hectares for commercial use.

Vancouver General Hospital looks to build LTC towers

The owners of the Vancouver General Hospital campus are proposing a major transformation of the land with the construction of 26- and 28-storey towers that would include 280 long-term care beds for seniors.

Supreme Court to hear challenge of Ontario Place redev.

The Supreme Court of Canada will hear an appeal from a coalition challenging the constitutionality of legislation that opens the door to major changes at Ontario Place. 

RECO will continue as Ontario’s real estate regulator

It looks like Ontario’s troubled real estate regulator is here to stay. On Thursday, the Real Estate Council of Ontario announced a three-year plan to reform the industry watchdog from within. Industry insiders are characterizing the decision as inadequate.

Mainstreet Equity Corp. Q4 dividend is up 100%

Mainstreet Equity Corp. (TSX: MEQ) declared a quarterly cash dividend of $0.08 per common share of Mainstreet for the quarter ending Dec. 31, 2025, reflecting a 100 per cent increase over the previous quarter’s dividend.

Fewer cranes on Toronto skyline: UTPro Q4 2025 report

The Toronto skyline looks less dynamic again this year, with fewer cranes on fewer projects for the second year in a row. As of Jan. 1, there were 235 cranes across the GTHA, down 44 year-over-year. 

Simons best positioned to fill department store void

OPINION: Canada’s department store era did not end all at once. It eroded, chain by chain, decision by decision over several decades.

Tesla dealership to be torn down for major redevelopment

A Toronto Tesla dealership that opened its doors at the start of 2024 is already a target for demolition, and could soon be razed to make way for a 560-unit residential complex from First Capital REIT (FCR-UN-T).

Housing stocks rally on $200B mortgage bond buy order

U.S. mortgage lenders and ‍housing stocks ​rose on Friday, a day after U.S. President Donald Trump said he is ordering his representatives to buy US$200 billion in mortgage bonds to bring down housing costs.

Houston races to finish projects before FIFA construction freeze

FIFA World Cup 2026 looms as a deadline for Houston stakeholders to complete renovations and infrastructure projects. It’s not just aspirational. FIFA mandates construction be halted in the cities where games will be hosted.

Benefit Street raises $3B for second real estate debt fund

Benefit Street Partners is prepared to deploy up to US$10B for its U.S. real estate debt strategy, including US$3B in equity commitments, marking the largest fundraise in the firm's history.

EQT buys 1.6M-sq.-ft. industrial assets portfolio

EQT Real Estate has acquired a 13-asset logistics portfolio totalling more than 1.6 million square feet through EQT Real Estate Industrial Value Fund VI. CBRE represented the seller.

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