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BGO Properties partners with AI property operations platform Visitt

6 days ago

BGO Properties partners with AI property operations firm

BGO Properties and Visitt, a property operations platform powered by artificial intelligence, have partnered to deliver solutions across BGO's national portfolio of over 300 commercial real estate assets. 

CPP sells stake in U.K. rental portfolio for $670M

The CPP Investments and Austrailian real estate group Lendlease have signed a deal to sell their 904-home Elephant Park residential portfolio in London, England to Greystar. CPP Investments is expected to receive $670 million in net proceeds.

Toronto hotels say bookings declined during World Cup

Hosting the World Cup hasn’t exactly been a windfall for Toronto-area hotels. The percentage of GTA hotel rooms occupied during the first two weeks of the world’s biggest sporting event is down substantially compared to the same period last year.

RENX taking a vacation June 29 to July 3

TO OUR VALUED READERS: RENX staff will be taking our annual break for a hard-earned vacation during the week of June 29 through July 3.

Conestoga seeks partner to finish stalled housing project

Conestoga College is seeking a joint-venture partner to complete its stalled student housing project in downtown Kitchener, issuing an RFP for a partner to fund the remaining $12 million to $18 million needed for the redevelopment.

Newcomers to Canada could feed a future housing upswing

Although Canada has reduced immigration targets, the record number of newcomers who arrived in recent years could become a key source of demand for future housing as they move from rental units into ownership in the next few years.

B.C. unsold condos plan could offer rent-to-own option

After days of questions, B.C. Premier David Eby and Prime Minister Mark Carney provided more details Thursday on a new program to buy up empty condos and use them as affordable housing. But some experts say much is still unclear.

Nine-storey addition to Halifax heritage property shot down

Halifax Regional Municipality has rejected a proposal for an eight-storey-plus-penthouse residential building in Bedford, citing height concerns. Developer Zagros Nova Home Developments had proposed relocating and restoring a heritage home, dubbed "Honeycote", as part of the project.

Plan for former bus depot in Vancouver scales up

Vancouver's Mayfair West project to redevelop TransLink’s former Oakridge Transit Centre bus depot has evolved from a mix of low, mid and highrise buildings into a plan dominated by taller highrise towers, enabling significantly greater residential density.

Rosehaven builds new project around nature trails, value

Rosehaven Homes is building its first project in Midhurst, Ont. Named Springside Trails, the community of 140 detached homes has drawn young, growing families who want sizable dwellings in a nature-oriented neighbourhood with active living options.

Construction firm sues for unpaid work on B.C. project

A Burnaby-based construction firm is alleging it is owed nearly $300,000 for unpaid work on the high-profile Butterfly building in Vancouver’s West End that was completed in 2025 by developer Westbank Corp.

Backlash over rental prices at Vancouver's Sen̓áḵw dev.

Backlash over asking rental prices at the Indigenous-led Sen̓áḵw development in Vancouver may reflect a disconnect between market rental prices and what renters can actually afford, experts say. The prices included $9,070 per month for a three-bedroom, two-bathroom unit.

Court approves KingSett, Choice buyout of First Capital

First Capital REIT announced that the Ontario Superior Court of Justice has issued a final order approving its arrangement with KingSett Real Estate Growth LP No. 8 and Choice Properties REIT.

Ottawa looking for firm to rebuild 24 Sussex

The federal government is launching a competition to find a Canadian firm to redesign and rebuild 24 Sussex Dr., the long-neglected official residence that Canada’s prime ministers have been unable to live in since 2015 because of its physical decline.

Development of 147-acre island pits old money against new

Some developers are targeting large properties that have been in families for generations as they look to cater to the uber-wealthy while local cottagers and government try to fight back.

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