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Richmond Asset Management’s growing portfolio tops $100M
Richmond Asset Management’s growing portfolio tops $100M
Dave Barry and Aly Somani met while playing squash 10 years ago, a friendly competition that grew into the foundation for Richmond Asset Management. With its most recent acquisitions of two Windsor apartment buildings, Richmond's portfolio has topped $100M.
Equiton acquires Central Tower, tops 700 units in Edmonton
The Equiton Residential Income Fund Trust has acquired the 175-apartment Central Tower in Edmonton, its fourth property in Alberta as the firm continues to grow its Western Canada portfolio.
GO Residential REIT pulls off $560-million IPO
GO Residential REIT, a luxury rental apartment owner in New York City, pulled off its US$410M initial public offering on the TSX. At $560M in Canadian dollars, it is one of the largest-ever real-estate IPOs in Canada.
Caisse could lose more than $100M in Edmonton
The Caisse could lose up to $140 million due to the insolvency of a real estate complex located in Edmonton. This issue risks tarnishing the global investment group's 2025 results.
Canada's hotel industry sees continued growth in June
Canada's hotel industry continued its upward trajectory in June, marking the second consecutive month of growth, according to data from CoStar. The industry experienced a 1.5 per cent increase in occupancy, reaching 75.6 per cent.
Some Toronto, Vancouver detached home markets rebound
After a period of sluggish detached home sales in the Greater Toronto and Greater Vancouver areas, some of the most affordable markets saw both sales and prices edge upward this spring, according to a ReMax Canada report.
Troubled CURV project shows flaws in housing policy
OPINION: Last week, news broke that the 60-storey luxury tower planned near Burrard and Nelson streets in downtown Vancouver was headed into receivership, one of many debacles in the presale condo market in the last couple of years.
Canada talks up pension funds as lever in U.S. trade talks
Canada’s major pension funds could boost their investments in the U.S., a top Canadian cabinet minister said, as the country looks to negotiate a trade agreement with the Trump administration.
Revival for Calgary's 17th Avenue SW: Arlington’s $450M bet
Calgary’s 17th Avenue SW is in the midst of a major transformation — one driven by bold private investment, visionary planning and a renewed push toward a vibrant mix of retail, residential and services. At the heart of it all is Arlington Street Investments.
Simons reveals opening date for huge location in Toronto
Canadian department store Simons is embarking on a major expansion at a time when the competition is swiftly dying off. The company announced this week, it will open a 118,000+-square-foot store in Yorkdale Shopping Centre.
Flair Packaging acquires 35,000 sq. ft. plant in Calgary
Flair Packaging has expanded its manufacturing capabilities with the installation of a 10-colour flexographic press and a solventless laminator at its Calgary plant. It has also acquired a second plant, adding 35,000 sq. ft. of warehouse and production space.
Battery tech company Volt Carbon moves to Guelph
Volt Carbon Technologies has consolidated operations to Guelph. While the company will remain headquartered in Calgary, Volt has shifted graphite processing, customer trials and equipment fabrication to its 10,000-square-foot Guelph facility.
49-storey condo proposed on Berwick near Eglinton station
Stafford Homes and Greybrook Realty Partners have submitted a proposal for a 49-storey condominium tower at 41 Berwick Ave. The developers acquired the site in 2025 through a $22.85-million equity investment.
Mixed-use building proposed for The Queensway
Plans have been submitted for a 16-storey mixed-use building on The Queensway. Designed by RAW, the development would replace two commercial buildings, containing a Starbucks, Dairy Queen and Money Mart, with 15 storeys of residential suites over ground-floor retail.
12-storey condo building planned for St. John's
The owners of Urban Market 1919 on Lemarchant Road announced their plans to pivot away from repurposing the former ice cream factory into a multi-use commercial facility. Instead, they will be demolishing the structures in favour of three new buildings.
Calgary RE fraud leaves dozens of investors out millions
On May 8, Calgary police charged former Realtor Eric Drinkwater with fraud, alleging he swindled 16 people out of $1.9 million through bogus real estate investment proposals. Drinkwater says the true scale is much larger — with dozens more victims.
CPP exits India retail platform with $871M divestment
CPP Investments will divest its entire 49 per cent stake in Island Star Mall Developers Private Limited for approximately C$871M. The Phoenix Mills Limited will assume full control of the platform originally created as a joint venture in 2017.
Brookfield’s new real estate head sees return of mega deals
After three-years of anemic transaction volumes, large deals are making a comeback, according to Lowell Baron, the new CEO of Brookfield Asset Management’s real estate business. The alternative asset manager has sold US$13B of property already this year
U.S. commercial property deals surge past forecasts
Commercial real estate sales are showing signs of a rebound, with second-quarter U.S. deal volume climbing nearly 18 per cent year-over-year — a sharper pickup than JPMorgan analysts had projected. JPMorgan tracked US$10B in entity sales in June 2024.
Can the Gordie Howe bridge ease the troubled Canada-U.S. relationship?
Financed entirely by Canada, the new US$6B border crossing has been eagerly awaited in both Detroit and Windsor, Ont. Then came the U.S. trade war which has clouded the immediate economic prospects on both sides of the border.
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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Montréal du Futur
Sep 24 2025
to Sep 29 2025
World Trade Centre of Montreal
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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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