LocationsRecent Articles
Insolvency woes in Toronto's condo sector likely to continue
Insolvency woes in Toronto's condo sector likely to continue
The Greater Toronto Area condominium market is languishing despite interest rate cuts and initiatives by some municipalities to hasten approvals and lower development costs. This means a recent spate of insolvencies in the condo sector is likely to continue.
Halifax anchors stable, optimistic Atlantic Canada outlook
An air of optimism reigns in Atlantic Canada’s relatively stable commercial real estate industry heading into 2025. That was a theme of CBRE’s recent Atlantic Market Outlook event and was evident in a RENX interview with CBRE Halifax's Bob Mussett.
U.S. investor Bill Ackman builds $2.6B stake in Brookfield
Billionaire New York investor Bill Ackman has built a $2.6-billion stake in Toronto-based Brookfield Corp. (BN-T) that is now the second-largest position held by his hedge fund, Pershing Square Capital Management.
Developer Daljit Thind struggling to maintain empire
Soon after immigrating from a village in India, Daljit Thind found work laying tiles. From those humble beginnings, he built an empire. When Thind earned the Order of B.C., his biography said he was responsible for $4B in development.
Regent Park’s final revitalization plans thrown into disarray
As Toronto’s Regent Park marks a milestone — unveiling the final affordable housing tower in the third phase of its sweeping neighbourhood rebuilding project — an infrastructure oversight has thrown plans for the final leg of the revitalization into disarray.
Montreal set to sell long-abandoned Empress Theatre
After more than 30 years of disuse and neglect, the historic Empress Theatre in Montreal's Notre-Dame-de-Grâce neighbourhood is finally set to undergo a major revitalization. The city is preparing to sell the building for mixed-use development.
Opposition to Broadway Plan building in Vancouver
Hundreds of Vancouver residents gathered at city hall Saturday afternoon to urge councillors to "pause and rethink" the Broadway Plan. Adopted in 2022, the policy governs development along the Broadway corridor, aiming to create high-density homes for 50,000 people.
Richmond, B.C.'s Duck Island project in $90M foreclosure
Duck Island, a huge waterfront site in Richmond that was set for wide-scale redevelopment, is the subject of foreclosure proceedings and has been made available via court-ordered sale, according to court filings and a property listing.
Ottawa office occupancy low despite public servants' RTO
While the office occupancy rates of many major Canadian cities have rebounded since the COVID-19 pandemic, Ottawa hasn’t seen the same rejuvenation. Real estate experts partially blame the slow return to office on many federal workers.
Toronto Sobeys site proposed for redevelopment
The Sobeys grocery store at 2451-2495 Danforth Ave. has been proposed for 13-storey and 35-storey towers in a redevelopment scheme. First Capital (FCR-UN-T) has submitted plans for the mixed-use development in Toronto's Danforth Village.
Will St. John's Village Mall apartment complex happen?
Armed with an approved discretionary use application from the City of St. John’s for a proposed 110-unit residential development, Plaza REIT (PLZ-UN-T) CEO Jason Parravano looks forward to the future of the Village Mall, which opened in 1978.
Nine-storey tower eyed in London mall overhaul
Retail reseller Goodwill at Sherwood Forest Mall in northwest London is undergoing a major expansion and renovation to handle growing traffic. The mall itself is also expanding, with a proposed nine-storey residential tower in the works.
Killam Apartment REIT reports record gains on new leases
Halifax-based landlord Killam Apartment REIT (KMP-UN-T) recorded the "largest rental gains" in company history when new tenants move into an apartment, according to its Q3 financial report. Killam owns 5,710 apartment units in Halifax and over 18,000 across Canada.
AIMCo ‘reset’ raises concern over political influence
If there was any doubt Danielle Smith’s United Conservative Party government wanted a firmer hand in the direction of the nearly $170-billion Alberta Investment Management Corp., that evaporated last week.
Hampton Inn by Hilton tops off in downtown Calgary
On a narrow lot on 6th Avenue S.W., Calgary’s newest hotel has topped off at 16 storeys and work is proceeding on schedule to welcome guests by late spring 2025.
Ontario Line tunnel prep officially underway
Excavation for the launch shaft for the Ontario Line subway tunnels at Exhibition Station is officially underway. The 16-metre-deep shaft will be the starting point for two tunnel boring machines that will dig six kilometres east.
Brookfield buys $845M multifamily portfolio from BREIT
Brookfield Properties joined a wave of investors banking on an impending resurgence in apartment demand with an US$845M portfolio purchase in Nevada, North Carolina, Arizona and Ohio.
Goldman Sachs pays $101M for Savannah industrial property
Goldman Sachs Alternatives has paid US$100.6 million for Rockingham Farms Building 9, a 942,210-square-foot, class-A distribution centre in Savannah, Ga., Scannell Properties sold the asset with the assistance of JLL.
AI boom propels Texas landowner to 230% stock rally
A Texas land company founded during the Wild West era more than a century ago is becoming an unlikely beneficiary of market euphoria over artificial intelligence. Dallas-based Texas Pacific Land Corp., has seen its stock more than triple this year.
Why real estate stocks took a hit as developers cheered Trump
Will Donald Trump, the property world’s native son, tank the real estate market? The day after Trump’s reelection, even as builders and landlords personally celebrated his win, investors had a grim answer. Property stocks fell 2.6 per cent that day.
Industry Events
-
Canada Real Estate Auctions
Jan 01 2025
to Dec 31 2025
Canada
-
Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
-
RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
-
MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
