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H&R REIT to sell $2.6B in assets; takes $322M loss in Q3
H&R REIT to sell $2.6B in assets; takes $322M loss in Q3
H&R REIT (HR-UN-T) has ended its strategic review with plans to continue in its present form, although its portfolio is to be several billion dollars smaller by the end of 2025, its Q3 financial report and corporate update states.
Alberta expects billions in investment: Good news for CRE
Alberta’s economy is poised to reap the benefits of multibillion-dollar investments coming to the province in the near future, according to Scott Hutcheson, the executive chair of Aspen Properties.
Alberta’s out of power for AI data centres
The Alberta Electric System Operator (AESO) says it has allocated all its power capacity — under its temporary cap of 1,200 megawatts for large-load projects — to two data centre projects to be developed near Edmonton.
Ontario government poised to take control of RECO
The province is poised to “assume control” of Ontario’s real estate watchdog in roughly two weeks “to prevent serious harm to the public” unless the regulator can provide a compelling alternative, according to a ministry letter obtained by the Star.
CMHC's catalogue prioritizes speed, affordability, density
Standardized housing designs that emphasize dense, quick-to-build, affordable builds – without cookie-cutter aesthetics – is the aim of the Canadian government’s Housing Design Catalogue, says a key contributor to the effort.
Hotel sale kills plan for 71-storey skyscraper in Toronto
A bold vision to grow a downtown hotel into a 71-storey skyscraper is the latest casualty of a gutted real estate market. The redevelopment plan for the Cambridge Suites at 15 Richmond St. E. joins a growing list of scrapped plans.
Groundbreaking for Appelt, Centurion project in Surrey
Appelt Properties and partner Centurion Asset Management have broken ground on Atlas Tower, a 41-storey mixed-use development in Surrey. Supported by funding from CMHC, the project brings rental housing and medical space to one of B.C.’s fastest-growing hubs.
ECN Capital to be acquired by PE firm Warburg Pincus
Private equity fund Warburg Pincus LLC plans to take private Toronto-based alternative lender ECN Capital Corp. with a $1.1-billion buyout, the latest in a series of PE acquisitions of Canadian public companies.
How Ruby Liu’s play for Hudson’s Bay stores fell apart
B.C. billionaire Ruby Liu’s team has portrayed her as a rags-to-riches business savant who would ‘save Canadian retail.’ But her opponents tell a story of an ill-conceived plan that was bound to fail.
Toronto will allow new corner stores in residential areas
For the first time since 1959, it is legal to build new corner stores in residential neighbourhoods across Toronto. A contentious, recurring debate at city council ended Thursday with the adoption of a stripped-down version of the neighbourhood retail proposal.
Home Hardware to close Home Furniture banner in 2026
Home Hardware will close its Home Furniture banner next year, ending a decades-long presence in the Canadian furniture category. The announcement affects a network of dozens of dealer-owned Home Furniture stores operating across the country.
New retail plaza will serve fast-growing Headingley, Man.
A new $8.4-million commercial development in Headingley is preparing to open this summer, bringing new retail, medical and service options to one of the Winnipeg region’s fastest-growing bedroom communities. The project is being developed by Whiteland Real Estate.
Ontario invests $83M to build TMU student housing
The Ontario government will invest $83 million to develop new student housing at Toronto Metropolitan University (TMU). A 21-storey tower will be constructed at 100 Bond St. as part of the project’s first phase.
Lenders stepping in to stem rising insolvencies: CIBC's Tal
With insolvencies on the rise, Canadians floundering in debt are getting more of a helping hand from lenders looking to keep distressed consumers from going under and protect their bottom line and the economy.
Ontario Teachers’ Pension reducing Asia real estate team
Ontario Teachers’ Pension Plan will disband its Singapore-based Asia real estate team by the end of next year, further paring its physical presence in the region. “This change simplifies our operating structure in real estate,” a spokesperson said.
Elme finishes $1.6B sale, gets $520M loan to wrap up liquidation
Elme Communities secured US$520M in financing following the closing of a 16-property sale to Cortland, a major step toward the company's planned dissolution. Cortland paid US$1.6B in cash for 19 multifamily properties.
Big brokerages are back in buying mode
The U.S. commercial real estate market is at an inflection point, with debt getting cheaper and dealmaking picking back up, allowing major brokerages to put money toward growth rather than survival.
Self-storage REITs: soft fundamentals, disciplined balance sheets
While the designs of self-storage facilities have evolved dramatically over the decades from glorified garages to multi-storey, tech-enabled facilities, the functionality and use of storage space has changed little over time.
Industry Events
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Global Property Market
Dec 02 2025
Fairmont Royal York
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Toronto Real Estate Forum
Dec 03 2025
to Dec 04 2025
Metro Toronto Convention Centre
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Apartment Development & Affordable Housing Conference
Dec 03 2025
to Dec 04 2025
Metro Toronto Convention Centre, South
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Québec Apartment Investment Conference
Feb 04 2026
Palais des congrès de Montréal
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BUILDEX Vancouver
Feb 11 2026
to Feb 12 2026
Vancouver Convention Centre West
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