Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

Metro Vancouver industrial demand drives new Grosvenor lease

1 week ago

Metro Van. industrial demand drives new Grosvenor lease

Grosvenor Property Canada has signed a 10-year lease with construction company Doka for a 15-acre industrial site on Annacis Island, the latest in a pair of major transactions that underscore continued demand for industrial space in Metro Vancouver.

Amazon building massive $200M operations hub in N.S.

A construction site at a N.S. industrial park is giving shape to Amazon’s biggest investment in the province. Spanning more than a kilometre, the job site at Dartmouth's Burnside Industrial Park will become the e-commerce giant’s sprawling operations hub.

Maison Alcan sold to Groupe Mach for $93 million

Former Cirque du Soleil boss Guy Laliberté has just sold the Maison Alcan office complex in downtown Montreal to Groupe Mach for $93 million. Vincent Chiara, president of Groupe Mach, confirmed the information to the Journal on Thursday morning.

New approach needed as Feds rethink foreign buyer ban

GUEST SUBMISSION: Canada’s foreign buyers ban was sold as a protection for Canadian buyers, and while the rationale was valid at the time, it’s done little to correct the market’s larger structural problems.

B.C.’s biggest RE companies generated nearly $8B in 2025

The top performers in B.C.’s real estate industry experienced a mixed bag with regards to revenue in 2025. While high-ranking companies in both the public and private sectors saw increases from 2024, others endured significant decreases. 

DLCG acquires Filogix in $58.3-million deal

DLCG Mortgage Group has acquired mortgage software developer Filogix for $58.5 million, which gives it control over “two of the major highways to the lender” in the Canadian brokerage industry, the president of its mortgage network Eddy Cocciollo said.

Burnaby development site sparks competitive bids in court

A 0.64-acre development site in Burnaby’s Edmonds town centre area was approved for sale through the courts July 9, attracting multiple bids at the last minute. The three-lot assembly was originally listed at $13 million.

True North proposes industrial-to-data-centre conversion

Located near Vancouver’s easternmost boundary, a commercial and warehouse building that was affected by a deadly neighbouring construction accident just over four years ago is now slated to become a data centre.

Was an MZO part of a secret Muskoka land deal?

Developer KS Group plans to develop Cliff Bay in Muskoka with year-round hotels, residences, restaurants and a spa. Local residents and cottage owners are opposing the project, while questions remain over a potential provincial zoning order.

Inside the luxury PEI resort that has never seen a guest

From anywhere along the waterfront in picturesque Summerside, you can see it – the notorious ghost resort looming over the red shoreline. In its 35 years of existence, the luxury resort and spa has never had a guest, unless you count the starlings that live in the rafters.

First Nations reshaping B.C. casino ownership

Over the past two years, First Nations in B.C. have bypassed the policies that made it difficult for them to establish new casinos, and they started buying existing casinos. First Nations now own about one-third of B.C.'s gambling centres.

70K-sq.-ft. university campus opening at Oakridge Park mall

Fairleigh Dickinson University is preparing to welcome students to a significantly larger Vancouver campus within the newly opened Oakridge Park mixed-use development anchored by the indoor mall. The private, not-for-profit university will open its 70,000-sq.-ft. campus next month.

Military on standby to help as B.C. wildfire losses mount

The Canadian Armed Forces are on standby to help the wildfire situation that deteriorated rapidly over the weekend in B.C.’s Okanagan region, where one person has died, thousands have been evacuated and there’s been extensive property destruction.

SpaceX, Tesla to spend $16.8B on 100M-sq.-ft. chip factory

SpaceX and Tesla plan to invest US$16.8B for the initial phase of construction on Terafab, a massive chip factory planned in Grimes County, Tex., the companies announced Thursday. The facility will employ at least 3,000 people.

Ryman to buy Orlando resort with Ritz-Carlton for $1.38B

Ryman Hospitality Properties Inc. agreed to buy the Grande Lakes Orlando resort in Florida from Trinity Investments for US$1.38 billion. The 409-acre complex includes two hotels and an 18-hole championship golf course.

Industry Events