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Boardwalk adjusts strategy, buys 3 townhome communities
Boardwalk adjusts strategy, buys 3 townhome communities
Boardwalk REIT (BEI-UN-T) has deepened its presence in Saskatchewan with the acquisition of three purpose-built rental townhome communities in Saskatoon and Regina, in an off-market deal directly from a local developer.
Leyad buys Niagara's Pen Centre mall for $140M
Leyad is again expanding its major retail property portfolio with the acquisition of the Pen Centre in Niagara Region for $140 million, the Montreal-based private investment firm announced.
4,300 properties to be proactively rezoned by Vancouver
The City of Vancouver is moving forward with a sweeping proposal to proactively rezone thousands of properties in the Broadway Plan and Cambie Corridor Plan areas, as part of an ambitious effort to streamline the development process.
After 18 years of work, Toronto’s Port Lands open to public
A $1.5-billion effort known as the Port Lands Flood Protection Project has redrawn the mouth of the Don and conjured vast new public spaces from what had long been a civic afterthought.
Alimentation Couche-Tard looking for other targets
Alimentation Couche-Tard Inc. (ATD-T) will now prowl for other targets after ending its nearly year-long pursuit of Japanese rival Seven & i Holdings Co., as the Canadian convenience-store giant tries to revive its main U.S. business in a shaky economy.
Newmarket to get its first Costco location
Residents of Newmarket are awaiting the arrival of the town's first Costco. The big box retailer has updated its website with an August 2025 opening for the long-awaited location under construction at 107 Harry Walker Pkwy. S.
Canada steels for infrastructure building boom
The government has pledged to rely extensively on domestically produced construction materials and products for its envisioned infrastructure building boom. It’s proposed the government will "ensure" Canadian steel and construction materials are "prioritized" for major infrastructure projects and home building.
Commercial property taxes in Atlantic Canada unfair: CFIB
The Canadian Federation of Independent Business is calling on governments to reduce commercial property tax rates for small businesses in Atlantic Canada, saying they aren’t taxed fairly. Commercial property tax rates are typically more than double residential rates.
Ottawa looking at ways to kickstart the housing market
The federal housing minister says the government is considering some form of intervention to deal with turmoil in the residential real estate sector, which has led to slumping sales across Canada, the cancellation of new housing projects and layoffs.
Canada is building lots of rental housing – not condos
Despite a challenging economic environment, national housing starts have held up a lot better than gloomy predictions from analysts. A big reason why? Developers are building loads of rental units.
Winnipeg apartment tower opens doors to tenants
Tenants started trucking boxes into 127 Bannatyne in earlier this month. Developers Alston Properties and Concord Projects expect all 80 suites to be filled within the next month as interest in the Exchange District area grows.
Yellowknife eyes Frame Lake area for development
Yellowknife city council is laying the groundwork for the potential development of 101 acres of land on Frame lake. Council considered a plan in committee this week to start the process to acquire land from the Northwest Territories government.
Colourful Edmonton solar panel mural sets Guinness record
A 12-storey building in Edmonton has been awarded a Guinness World Record for featuring the world’s largest solar panel artwork, a project made possible by Toronto-based Mitrex Integrated Solar Technology.
Pineapple Financial re-lists on NYSE American
Pineapple Financial Inc., a Toronto-based mortgage brokerage, has been approved for re-listing on the NYSE American exchange after completing a one-for-20 reverse stock split. Pineapple will resume trading under the symbol PAPL-A on July 22.
Starlight U.S. res fund unveils property default, loan extension
Starlight U.S. Residential Fund (SURF-U-X) announced a property in Buda, Texas, is in default. Elsewhere, the fund completed a one-year extension secured by its Sunlake Apartments property, a 268-suite class-A asset in Land O' Lakes, Fla.
REIT and REOC financial reports
Becker Milk Company, (BEK-B), Globe Newswire
Choice Properties REIT, (CHP-UN-T), Business Wire
Full return to office now required by majority of Fortune 100
For the first time since the pandemic upended work life, and in a massive shift from where things stood just two years ago, over half the companies in the Fortune 100 now have their employees fully back in the office.
Alterra locks in $344M for outdoor storage portfolio
Alterra IOS closed on a US$343.6 million loan from Truist Financial Corp. and Bank of Montreal on behalf of Alterra IOS Venture II, a closed-end fund with $524 million in equity commitments.
Billionaire-backed California City pitches plans for factory hub
California Forever, the proposed futuristic community backed by billionaire venture capitalists, is now billing itself as a manufacturing centre a year after local opposition forced it to withdraw plans to incorporate a new city.
Net lease market shows stability
The U.S. net lease market is showing signs of stability after three years when cap rates were on an upward trajectory, according to the latest Boulder Group report, covering the second quarter of 2025.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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Saskatchewan Real Estate Forum
Oct 16 2025
TCU Place, Saskatoon
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