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Bosa Properties' robust Surrey pipeline shows confidence in growing city
Bosa Properties' pipeline shows confidence in growing Surrey
Vancouver-based developer Bosa Properties says it has roughly 6,000 homes either recently completed, under construction or proposed in Surrey City Centre. It's a commitment motivated by a fast-growing population and surge in post secondary-related student demand.
Westbank sells M2 office building in Vancouver for $115M
Amidst the selling spree that was ongoing as recently as two weeks ago, Vancouver-based developer Westbank also sold a prominent office building in Vancouver. The 4th Avenue building, known as M2, was sold to Spear Street Capital.
Gray, Tier Two buy malls in Amherst, N.S. and Riverview, N.B.
P.E.I.’s Gray Group is expanding its reach to Amherst, N.S., and Riverview, N.B., by purchasing two malls with the Tier Too company. The two companies announced today that they purchased the two shopping centres from Crombie this week.
 | The Industrial Real Estate Show Alex Thomson: Canada's first NAIOP chair-electChad GriffithsPartner, NAI Commercial |
Hardware store Canac acquires industrial land in Laval
Hardware store Canac has acquired land in Laval, suggesting that it is placing its pawns with a view to arriving in the immediate Montreal region. The 640,000-square-foot plot is on Curé-Labelle Boulevard, a little north of Highway 440.
Apartment plan for historic Brandon industrial building
Brandon Fresh Farms hopes to convert the historic downtown McKenzie Seeds building into studio apartments, instead of the $30-million vertical farm it first proposed, which didn’t attract investors.
Three towers from 44 to 49 storeys proposed in Don Mills
Stanford Homes is proposing a development at 1 Deauville Lane within a 10-minute walk of the future Flemingdon Park station. The developer submitted plans for high-rise towers of 44, 47, and 49 storeys.
Toronto island airport lease extended for up to 12 years
Toronto city council is granting the island airport a lease extension that would keep the hub open for another two decades. Councillors passed a motion that could see the agreement governing Billy Bishop airport expire as late as 2045.
Growth in Canada's housing supply urgently needed: CMHC
The housing industry has a ways to go to address Canada’s lack of accommodations and higher interest rates have damaged efforts to kickstart construction. A new housing supply report from CMHC found that 30,000 fewer housing starts happened in 2023.
Overcoming the hurdles of GTA construction
In late August, Medallion Corporation announced it was embarking on a mission to construct six new purpose-built rental developments in Toronto, Oshawa and Ajax—bringing over 1,500 units to market by 2028. The road forward was far from easy.
Mattamy taking town of Erin to OLT over bylaw changes
A developer building a new subdivision in Erin is taking the town to the Ontario Land Tribunal over concerns about the recently updated development charges bylaw. Mattamy has proposed a residential development of 192 units just outside the village.
Housing projects in Metro Van. face rising tide of steep fees
In a new report, the Homebuilders Association of Vancouver (HAVAN) recommends that the municipal and regional governments of Metro Vancouver perform stakeholder consultations and carefully consider adopting new Development Cost Charges (DCCs) and Amenity Cost Charges (ACCs).
Developer partners with golf club to transform course
Granite Pointe Golf Club's $2M sale of 17.5 acres to Vancouver's Hallō Properties has put the Nelson club on a firm financial footing and set the stage for a $500 million redevelopment that will transform the century-old course.
AGLC approves Camrose casino relocation to Edmonton
Years after a first attempt by Camrose Resort Casino to relocate to the city, the 88,000-square-foot facility operation is poised to be constructed along Edmonton’s Parsons Road after approval Thursday from Alberta Gaming Liquor and Cannabis.
Setback for mega-industrial park plan in Saint John
Saint John planning advisory committee made no recommendation on the expansion proposal for Spruce Lake Industrial Park after a four-hour meeting. The city has requested 1,591 acres or 643 hectares from the province's Regional Development Corporation for the expansion.
Hope grows for an alternative port for grain shipments
The Port of Churchill, Manitoba signed a memorandum of understanding last week with Arctic Gateway Group LP, which owns the Port of Churchill, to work toward the establishment of regular rail service to the port.
Another $2B of office loans hits special servicing
Interest rates might be coming down, but distress in commercial real estate is still rising. The CMBS special servicing rate — the percentage of securitized CRE loans in the hands of a special servicer — hit 8.8 per cent in September.
Europe’s largest property lender to reduce new office loans
Deutsche Pfandbriefbank has unveiled a new strategy to reduce its exposure to office lending in favour of sectors like data centres and senior living. PBB has a loan book of over US$31B.
Vanbarton plans to convert Archdiocese HQ to apartments
Manhattan-based developer Vanbarton Group is planning to transform the Archdiocese of New York’s headquarters building into rental housing. Vanbarton has agreed to purchase the property at 1011 First Ave. in Manhattan from the archdiocese for more than $100 million.
Brookfield diversifying its fundraising to buy real estate
Brookfield Real Estate Income Trust is initiating a program to sell up to US$1B of interests in private placements of Delaware Statutory Trusts that hold one or more properties, according to a Securities and Exchange Commission filing.
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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