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Dream Unlimited launches $2B multifamily joint venture
Dream Unlimited launches $2B multifamily joint venture
Dream Unlimited has launched a new institution-backed joint venture that plans to invest up to $2 billion into rental properties across Canada’s major markets.
Amazon's Quebec exit impacts 2.25M sq. ft. of ind. space
Amazon’s decision to close its Quebec warehouses will likely lead to a scenario in which some of its 2.25M-square-foot inventory is absorbed by third-party logistics companies with the remainder entering the sublet market, CBRE's Louis Karam believes.
U.S. tariffs on Canada, Mexico start on Feb. 1. Oil exempt?
U.S. President Donald Trump said Thursday he will impose 25-per-cent tariffs on goods from Canada and Mexico on Saturday, possibly exempting oil and gas, levies that threaten to deliver massive economic shocks to the U.S.'s biggest trading partners.
Alberta to grow Heritage Fund to $250B by 2050
Setting out a blueprint to grow the Heritage Savings Trust Fund to at least $250 billion by 2050 as part of its strategy, Alberta's UCP announced a new Crown corporation that will address resource volatility and focus on infrastructure.
Alberta's $100B AI data centre plan, despite DeepSeek
Alberta's ambitious plans to see $100 billion of artificial intelligence data centre infrastructure built in the province over the next five years are on track, despite the DeepSeek announcement that shocked technology shares earlier this week.
Mississauga lowers development charges up to 100%
Calling on other jurisdictions to follow its lead, Mississauga City Council has temporarily lowered development charges 50 to 100 per cent for shovel-ready projects and reduced property taxes up to 35 per cent for new purpose-built rental housing.
London housing approvals skyrocket to nearly 23,000 units
London city council had a banner year for housing approvals in 2024, green-lighting nearly 23,000 units – four times as many as the year before. The final tally for 2024 was a whooping 22,890.
Ontario premier announces plan to build $1B police college
Premier Doug Ford pledged the Ontario government would spend $1 billion to build a new police college while speaking at the London Police Service Chief’s Gala at RBC Place London.
Edmonton mosque to rezone industrial land for mixed use
Canada's oldest mosque, the Al Rashid Mosque is working with the City of Edmonton to rezone 34 acres of land near the Rampart Industrial area in order to build a grand mosque, private high school, recreation centre and business complex.
Indigenous B.C. port logistics project secures federal funding
An Indigenous-led, 56-acre import logistics project in British Columbia has secured a $60.7-million loan from the Canada Infrastructure Bank to forge ahead with construction at the Port of Prince Rupert.
First Nations partner with developer on new hotel in B.C.
A trio of First Nations is partnering with a hotel developer to bring more hotel rooms to the Alberni Valley, as part of efforts to diversify and strengthen the region’s economy. Plans call for a four-storey, 76-room Microtel.
Real estate podcasts
Maxim Olshevsky, Astra Group: Challenges, joys of converting offices: CRE Podcast
How does Seattle compare to Vancouver’s real estate market? VCREP
Sales dip: The market balances, sentiment increases: Canadian Real Estate Investor
Whistler Blackcomb owner under fire as shares slump
Vail Resorts Inc., the parent company of Whistler Blackcomb, is under attack from a disgruntled investor group upset with a significant decline in share price since 2021 from an all-time high of US$372.51 in 2021 to US$175.78.
MEC seeks cash infusion, inventory clearout hits bottom line
Outdoor retailer Mountain Equipment Co. is facing falling revenues and profits, and requires an infusion of capital to normalize its operations, according to a confidential presentation provided to potential bidders for the chain, acquired by the Globe and Mail.
Flood risks sink fifth Dundas plaza redevelopment bid
Flood risks have sunk another bid to redevelop the Beer Store plaza on Cootes Drive in Dundas. Citing potential safety threats, Hamilton Conservation Authority directors denied a permit for a six-storey condominium building on the 0.49-hectare property.
P.E.I. law targets risk of excessively fortified buildings
The P.E.I. government is asking Islanders for feedback on proposed legislation that would regulate buildings with excessive security features such as heavy-duty metal doors, reinforced windows and bulletproof glass, which officials say can pose risks to public safety.
RBC's U.S. dealmaking opens $100-billion gap over TD
RBC is approaching $2.2 trillion of assets, with TD at $2.06 trillion. RBC’s market cap rose to $244 billion, putting the valuation gap between the No. 1 and No. 2 banks at more than $100 billion.
The secretive industry devouring the U.S. economy
The publicly traded company is disappearing. In 1996, about 8,000 firms were listed in the U.S. stock market. Since then, the national economy has grown by nearly $20 trillion yet the number of public companies is fewer than 4,000.
Goldman Sachs Alternatives, Dalfen Industrial buy logistics portfolio
Goldman Sachs Alternatives and Dalfen Industrial, a leader in last-mile industrial real estate, have acquired a 21-building, 2.1-million-square-foot portfolio of infill logistics properties. The off-market deal includes assets in Dallas, Las Vegas, Cincinnati and Pennsylvania.
PSP Investments closing final lease for U.K. office asset
The Public Sector Pension Investment Board is reporting its London-based office building is fully leased. “We are delighted that 22 Bishopsgate has reached full occupancy, marking a significant milestone for this asset,” said managing director Stéphane Jalbert.
Industry Events
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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CBRE Capital Lenders' Forum 2025
Feb 25 2025
Metro Toronto Convention Centre
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Canada Real Estate Auctions
Mar 01 2025
to Dec 31 2025
Canada
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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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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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