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Dispute resolved, Ahmed expands Mississauga development plan
Dispute resolved, Ahmed expands 2-tower Mississauga dev.
Ahmed Group's proposed development of a mixed-use, purpose-built rental project of 568 units at 1000 and 1024 Dundas St. E. in Mississauga has taken a major step forward after a settlement was agreed to with Mother Parkers Tea & Coffee Inc.
BIAs: An important part of a city's economy
GUEST SUBMISSION: I appreciated the opportunity to participate at the Vancouver BIA Partnership Economic Summit on May 23, speaking about how small business priorities align with city and regional economic development strategies.
Toronto's 91-storey The One listed for $1.2B
The receiver says it believes "now is the appropriate time" to solicit offers for Toronto's 91-storey The One condo project and is proposing a minimum bid threshold of $1.2 billion. The One was placed under receivership in October.
City council greenlights Richmond entertainment district
The redevelopment of the Richmond Night Market site has been approved. The 3.4-million-square-foot Jingon International Development/Cayan Group project will include hotels, office spaces, entertainment, retail and restaurants within nearly a dozen buildings up to 12 storeys.
High prices kept land deals in check in 2023: Colliers
High land prices contributed to a paucity of land deals in Metro Vancouver last year, with a new Colliers report underscoring how little values have come off for both industrial and residential development sites.
Value of Quebec CRE transactions plummet 44% Y-O-Y
The monetary value of Quebec commercial real estate sales in Q1 was $1.92 billion, a year-over-year decline of 44 per cent according to a new report from RE/MAX Quebec. The drop is 62 per cent from Q1 2022.
HVAC retrofit nets zero-carbon certificate for Ottawa bldg.
A Kanata office building managed by Colonnade BridgePort and owned by Fiera Real Estate has earned a zero-carbon operations certificate for replacing a gas-powered HVAC system with electric heaters.
Affordability has many Canadians considering major moves
Half of respondents from the Toronto, Vancouver and Montreal areas would consider moving to one of Canada’s 15 most affordable cities if they were able to find a job or work remotely, according to a Royal LePage survey.
Nesto seeks controlling stake in CMLS Financial: Sources
Online mortgage lender Nesto is in talks to buy a controlling stake in Canada’s third-largest non-bank mortgage lender CMLS Financial, sources say. The deal would allow Montreal-based Nesto to diversify into new lines of business, particularly commercial mortgage lending.
Kamloops industrial park project breaks ground
The first shovels were turned Wednesday at a future industrial park in the Iron Mask area in southwest Kamloops. The 190-acre parcel of land and former mine site is being converted into a light industrial park by Comet Industries.
Edmonton office building will be partially converted
Edmonton-based Josan Properties will partially convert the 19-storey Phipps McKinnon building at 10020 101A Avenue in downtown Edmonton. Floors 11 through 19 will remain as office space and floors 4 through 10 will comprise 91 rental homes.
New TOD rules won't impact Lower Lonsdale much
The City of North Vancouver is updating its bylaws to accommodate the province’s new mandate for minimum residential density around transit hubs – but don’t expect any drastic changes in Lower Lonsdale.
West Vancouver council rejects provincial housing rules
The District of West Vancouver council has rejected a rezoning that would have allowed coach houses and secondary suites on about 200 residential properties and brought the district in line with new provincial legislation.
LIUNA celebrates opening of King William towers
The Labourers’ International Union of North America (LiUNA) recently marked the opening of The King William in downtown Hamilton. The two 30-storey rental towers rising from a four-storey podium comprise 581 rental homes and 12,000 square feet of retail.
Canadian economy misses first-quarter growth forecast
The Canadian economy expanded at an annualized rate of 1.7 per cent in the first quarter, missing forecasts, and real gross domestic product likely rose 0.3 per cent on a monthly basis in April, data showed on Friday.
Real estate podcasts
David Ward, Canadian Urban: The winning real estate game plan, CRE Podcast
Lisa Davidson, Savills: Tenant rep to proptech investor, Tenant Experience Network
Katie Maslechko, Rental Protection Fund: Filling the equity gap, CRE Podcast
Big banks’ CRE exposure rises with REIT debt
Large U.S. banks may be more exposed to commercial property than regulators appreciate because of credit lines and term loans they provide to real estate investment trusts, according to a new study by New York University.
WeWork to exit bankruptcy; restructuring plan approved
A U.S. bankruptcy judge Thursday approved WeWork's Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company's equity over to a group of lenders and technology company Yardi Systems.
Blackstone builds $2.26B U.K. housing business
Sage Homes, an affordable housing business backed by private equity giant Blackstone, has reached a portfolio valuation of more than $2.26 billion Cdn and could more than double in size over the next five years.
Amazon gets U.S. approval to expand drone deliveries
Seattle-based Amazon said the Federal Aviation Administration has given its Prime Air delivery service the OK to operate drones “beyond visual line of sight,” removing a barrier that prevented its drones from traveling longer distances.
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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