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Skyline and Solmar begin 1,290-unit apartment community in Brampton

1 week ago

Skyline, Solmar begin 1,290-unit apt. Brampton community

Construction is underway for Rose Towers, a new 1,290-unit purpose-built rental community at 241 Queen St. E. in Brampton, Ont. being developed by Skyline Group of Companies and Solmar Development Corp.

Ont. frozen property taxes disconnecting from CRE market

GUEST SUBMISSION: Ontario’s property assessment freeze began as a temporary pandemic-era measure intended to provide stability during a period of unprecedented economic uncertainty. Six years later, that temporary pause has effectively become government policy.

Ocgrow Group launches premium hotel division

Ocgrow Group is moving into the luxury hospitality sector with the launch of a new hotel division, marking a significant expansion for the Calgary-based real estate developer as it looks to capitalize on rising tourism demand and shifting market conditions.

Fairmont Jasper Park Lodge unveils $100M makeover

The Fairmont Jasper Park Lodge has officially unveiled the results of an extensive $100 million property-wide transformation, including redesigned guest rooms, a refreshed Main Lodge and new amenities for visitors to Jasper National Park.

Hamilton rejects key land move for data centre

After hearing from hundreds of people opposed to a proposed data centre, a Hamilton planning tribunal denied a developer's application to split a plot of land on which the company is considering such a facility.

Manitoba premier pulls plug on proposed AI data centre

Manitoba Premier Wab Kinew says a proposed large artificial intelligence data centre southeast of Winnipeg will not proceed, citing environmental concerns and limited economic benefits that do not outweigh impacts on the region’s rural way of life. 

Billy Bishop expansion limits heights, threatens livability

The Billy Bishop airport expansion could increase the number of people living under flight paths by 25 per cent and affect about 94,000 units of new housing, according to a new city staff report.

The real estate boom, the new normal in Laval

Construction sites in Laval are here to stay. While Île Jésus has just seen a record number of housing starts, its mayor predicts this situation will become the norm in the coming years.

New industrial facility breaks ground in Moncton

Lindsay Construction, in partnership with Comztar Commercial Properties, has broken ground on a new, high-performance industrial facility at 80 Frenette Ave. in Moncton’s Caledonia Industrial Park. The 67,000-square-foot energy-efficient industrial facility will be situated on 12 acres. 

Transit agencies warn federal delays driving up costs

Canada’s public transit authorities in Toronto, Montreal and Vancouver are warning that cuts and delays in the Government of Canada’s long-promised permanent public transit funding could slow major infrastructure projects and make it harder to tackle housing affordability and traffic congestion.

HEAL Wellness expands across Canada

HEAL Wellness has been building serious momentum across Canada. What started as a single Ontario location has now grown to more than 37 locations across the country and a goal of reaching 100 locations across Canada and the U.S. this year.

Cellzy preparing for aggressive launch in Canada

Cellzy is gearing up for a rapid Canadian expansion, with plans to open five new locations in 2026 and establish itself as a fresh player in the country’s mobile accessories and electronics retail market.

40-storey development proposed at Mimico GO

Plans have been filed with the City of Toronto for a 40-storey tower at 286 Royal York Road across from Mimico GO station in Etobicoke. The project is designed by Stoyanovskyy Architects for Walsh Developments.

Calgary Flames' future home takes shape

Construction on the Calgary Flames’ new arena is just past the halfway point and is continuing to progress at a rapid rate. Shovels hit the dirt to begin building Scotia Place back in July of 2024. 

Monette proposes to sell 274,000 acres of land

Monette Farms will ask the court June 12 to approve a plan that includes listing all of the company’s farm property for sale as of June 29. If the court agrees, Darrel Monette could sell all of his 274,000 acres.

Van. landlords face $1,000 fines for banning air conditioners

Vancouver landlords could soon be hit with $1,000 fines if they prevent tenants from installing air conditioners. Council unanimously voted Wednesday to amend city bylaws to make refusing the use of a portable air conditioner a ticketable offence with a $1,000 fine.

BKM, Kayne Anderson buy $1.8B light industrial portfolio

BKM Capital Partners and Kayne Anderson Real Estate have acquired an 8.5-million-square-foot light industrial portfolio spanning 51 properties in four states. Link Logistics sold the assets for $1.8 billion. It's the largest light industrial transaction since 2022.

Ulta to open $400M, 4-story Times Square flagship

Ulta Beauty has agreed to pay $400M to lease a 26,000-sq.-ft. building in the Times Square bowtie for its new experiential flagship. The deal includes the 250-foot LED sign plastered on the building.

Goldman Sachs launches tokenized real estate fund

Goldman Sachs is hopping on the tokenized real estate fund train. The investment bank tapped fund servicing company Apex Group and digital asset exchange company Archax to tokenize real estate, according to a release.

Ultra-rich Africans piling into property to preserve wealth

Africans with at least $50 million in investable assets are increasingly buying property for wealth preservation, diversification and potential rental income, according to the continent’s biggest lender by assets.

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