Recent Articles
Mattamy breaks ground in Milton, launches Mississauga housing project
Mattamy breaks ground in Milton, launches Mississauga dev.
Mattamy Homes is continuing to move forward with several major housing developments in the Greater Toronto Area, breaking ground on the first condominium tower at The Laurels in Milton, and launching Phase 3 at The Nine in nearby Mississauga.
Cameron Stephens' Accelerated Lending Program tops $100M
A new Accelerated Lending Program being offered by Toronto’s Cameron Stephens Mortgage Capital Ltd., has been greeted with a rapid uptake within the commercial real estate industry, topping $100 million in loan commitments in just four months.
Westbank sued over executive bonus lost in cash crunch
Westbank Corp., one of Vancouver’s top real estate developers, is being sued by a former consultant who says he was offered the job of CEO and promised a large bonus — until a real estate slump derailed the plan.
Prince Harry to speak at a Toronto real estate conference
Alongside Premier Doug Ford, the leader of the Green Party of Ontario, and the mayor of Cornwall, there’s one speaker at an upcoming Toronto real estate event who stands out: Prince Harry.
GTA residential land sales down, uncertainties remain
Low- and medium-density residential land sales haven’t escaped the southern Ontario housing market slump, but opinions and optimism differ somewhat on the near-term prospects for a recovery in the sector.
Ontario lands $3.2B EV-related factory amid tensions with U.S.
Ontario’s electric vehicle industry is getting a boost with a $3.2B feeder factory. Norwegian company Vianode said it will make synthetic graphite — a key component of lithium ion batteries — in St. Thomas.
Calgary converting 9 more office buildings into housing
The City of Calgary has released the details of nine new projects through its downtown office conversion program, creating close to 1,000 homes and bringing the total number of projects to 21.
Anglo, Teck pushed to give Canadian HQ guarantee
Canada is putting pressure on Anglo American Plc to make stronger commitments to executive and management jobs at its proposed Vancouver headquarters as a condition of taking over Teck Resources. Anglo has promised to relocate its global headquarters from London to Vancouver.
Ownership mystery at in-receivership Château Montebello
The iconic Château Montebello has been forced into receivership after its foreign owners racked up $63.9-million in debt and the 95-year-old Quebec resort became insolvent. Qwnership of the hotel has been murky in recent years.
The inside story of Sonder's acrimonious divorce with Marriott
It was supposed to propel Sonder to new heights. Barely a year later, the partnership with hotel giant Marriott turned into an acrimonious divorce that spelled the end for the Quebec-born short-term rental company, according to court documents.
One of only four downtown Squamish hotels hits the market
Downtown Squamish doesn’t see hotel listings very often. With only four hospitality properties in the core, the $12-million listing of The Chieftain & Crash Hotel marks a rare opportunity for investors eyeing one of Canada’s fastest-growing markets.
44-storey hotel and rental housing tower planned in Surrey
RBI Group plans to redevelop 9699-9711 137 St. in Surrey into a 13-storey office tower have been cancelled in favour of the concept of a mixed-use hotel and rental housing tower that is more than three times the height.
Part of Burnaby’s ‘The Boot’ office building is getting the boot
The Boot, a distinctive L-shaped office building at the corner of Boundary Road and Kingsway, on the Burnaby side of the Vancouver-Burnaby border, is starting to look a little less uncommon. Construction crews are dismantling the building's 12-storey podium.
Marcon pivots to 100% PBR after pre-sales at Surrey tower
As yet another symptom of the sustained weak condominium market in Metro Vancouver, a major future condominium tower project in Surrey City Centre has now shifted its residential uses to 100 per cent secured purpose-built market rental housing.
Bill 60 could give Ontario's housing minister more power
Ontario’s sweeping Bill 60 will consolidate planning power under the minister of housing, experts say, as the government mulls more amendments that would undercut municipalities’ roles in shaping their communities.
Condo threat in wealthy Halifax enclave sparks feud
The Deep South End neighbourhood is one of Halifax's wealthiest, known for its quiet, leafy streets and grand historic homes. The neighbourhood has so far been largely untouched by the apartment boom reshaping Halifax as the city’s population surges.
Reno resort set to undertake $1B renovation
Grand Sierra Resort, a hotel and casino built in the 1970s in Reno, is undergoing a US$1 billion, 10-year redevelopment plan. The renovation of the 14-acre property is the largest private capital investment in Reno's history.
Discounts driving surge of Manhattan luxury hotel sales
A growing number of owners who have held on to luxury NYC hotels through the pain of the past five years have had enough. The sales market has kicked into gear, with $1.1B of hotel trades since July 1.
Multifamily REITs struggle, buckle under pressure from high supply
Smaller multifamily REITs are beginning to show signs of the strain settling in for the asset class as rent growth dipped into negative territory for the year. Some are liquidating while others are exploring options.
Bidders line up for prestigious Mayfair office property
There has been strong bidding for 10 Stratton St., a trophy Mayfair office being sold by an investor club advised by Hong Kong group Joint Treasure with a guide price of £100 million (C$184M).
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