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RioCan exits 5 HBC properties, keeps focus on 'strong' retail operations
RioCan exits 5 HBC properties, keeps focus on 'strong' retail
RioCan REIT (REI-UN-T) is exiting five properties in which it was a partner with bankrupt Hudson Bay, but while that saga and its apartment building sales may be big headline generators, the trust’s attention remains focused on its retail operations.
Lots of activity in Manitoba’s Grande Pointe Industrial Acres
Cobblestone Homes has sold several small bay buildings on Discovery Drive in Grande Pointe Industrial Acres, just southeast of Winnipeg, to a local family-owned business for $34.36 million.
Canada’s ‘grey wave’ spurs growth in seniors’ housing
While other real estate categories such as offices and apartments are still struggling, the senior housing sector has been experiencing a surprising rebound, fuelled by Canada’s aging population. Shares in major senior housing companies have seen significant gains.
Landlords: Liu's plan for HBC stores 'defies common sense'
Several of Canada’s most prominent real estate companies are slamming an attempt from a B.C. billionaire to take over 25 former Hudson’s Bay leases, saying her plan for their spaces “defies commercial common sense” and is “entirely unrealistic.”
Bankrupt developer Stéphan Huot eyes land in Lotbinière
Still in debt to the tune of some $375 million, bankrupt developer Stéphan Huot – former head of the defunct Groupe Huot – is eyeing land in Lotbinière for residential development on behalf of investors, Journal de Quebec reports.
Fitzrovia's rapid expansion in Toronto draws tenant backlash
Fitzrovia is rapidly expanding across the GTA, launching a $1-billion fund backed by pension plans to build more rental housing and eliminate the negative stigma around renting. Since 2017, Fitzrovia has launched 19 purpose-built rental buildings in Toronto.
Ourburo offers private alternative to the bank of mom and dad
Bianca Bien-Aime sees Ourboro as the commercial equivalent of the bank of mom and dad. The company, a co-ownership platform structured much like a private equity investment firm, contributed half of the 20 per cent down payment on her Scarborough home.
Surrey dev. is being billed as 'Canada's first 15-minute city'
Developer Tien Sher Group, is marketing the first of three highrise residential towers as “Canada’s first 15-minute city." The area, located in the hub of Whalley, off the busy King George Boulevard and 108 Avenue, has been completely transformed.
Is Dream Industrial REIT's leasing offsetting its losses
Dream Industrial REIT (DIR-UN-T) recently reported its Q2 results, posting sales of $124.58 million for Q2 and $245.97 million for the first half, alongside a year-over-year reduction in net income attributed to fair value losses on investment properties.
Court says B.C. FN group has claim to a portion of port lands
A British Columbia First Nation has won a major court victory, with a judge declaring it has title to a portion of land in the Vancouver area that includes currently active industrial operations on the Fraser River.
Court case tests Quebec's 10-year property occupancy rule
The City of Montreal bought a site in the Villeray neighbourhood in 2019, hoping to transform it into social housing. But the company that owns the building next door says it’s maintained part of the site for three decades.
Ontario housing starts fall well short of targets
Ontario’s final tally for housing starts in 2024 is well off what’s needed to achieve Premier Doug Ford’s goal of getting 1.5 million homes built, even with various new categories the government is adding such as university dorms.
Ridgeway Plaza success with foodies has angered locals
A plaza-turned-food market wasn’t the original vision for the area, but it has transformed the quiet, car-centric suburban neighbourhood of Churchill Meadows into an unexpected tourist destination, bringing visitors from all across North America.
SmartCentres REIT Q2 results show occupancy improving
SmartCentres REIT (SRU-UN-T) reported its financial and operating results for Q2. “Building on Q1, we are pleased to report continued momentum in leasing demand and operational performance,” said CEO Mitchell Goldhar.
MCAN grows Q2 profit on wider spreads, mortgage volumes
MCAN Financial Group reported Q2 net income of $20.2 million ($0.51 per share), up from $19.7 million ($0.52) a year earlier, driven by higher mortgage spread income and increased earnings from its stake in MCAP.
With $100B in deals this year, the secondary market is having a moment
The market for buying and selling stakes in real estate funds — known as secondaries — is having a record year as institutional capital floods into the market. In the first half of 2025, secondary transaction volume rose to $102B.
Pimco, Blue Owl to lead $29B data centre financing deal for Meta
Tech giant Meta has tapped a pair of investment firms to lead its massive data centre development effort in Louisiana. Pacific Investment Management Co. and Blue Owl Capital will partner on the US$29B financing deal.
RMR-led JV secures $1B for Boston life sciences campus
A joint venture managed by the RMR Group has secured a US$1 billion refinancing loan for a 1.1 million-square-foot life sciences and office campus in Boston that serves as the headquarters of Vertex Pharmaceuticals.
KKR’s 10-month pursuit of U.K. landlord set for final showdown
About 10 months after KKR & Co. first came knocking, the fate of the U.K.’s largest publicly traded health-care landlord, Assura Plc, is about to be decided, with the outcome on a knife edge.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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RealREIT
Sep 10 2025
Metro Toronto Convention Centre
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Montréal du Futur
Sep 24 2025
to Sep 29 2025
World Trade Centre of Montreal
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