Recent Articles
Margaux REIT tops 1,000 storage units with Saint-Basile acquisition
Margaux REIT tops 1,000 storage units with acquisition
Margaux REIT (ALFA-UN-X) has invested $12.5 million to purchase Mini-Entrepôt St-Basile, a self-storage property in Saint-Basile-le-Grand, on Montreal’s South Shore. The 500-unit facility is fully leased with a waiting list.
Denciti leans into workforce housing with B.C. multires
Denciti Development Corp. is readying for residents this fall at its new purpose-built rental community in Esquimalt, B.C. The 135-unit Anchor is geared toward the needs of healthcare, defence and skilled trades workers in the Greater Victoria area.
Inside Leon’s $1.17B Canadian real estate portfolio
Leon’s Furniture has put a $1.17-billion appraised value on its Canadian real estate portfolio, bringing attention to a collection of properties accumulated over more than a century and to the retailer’s longstanding plan to establish a publicly-traded REIT.
First Nation wins legal battle over $70B AI data centre
An Alberta judge has shot down celebrity investor Kevin O’Leary’s bid to throw out a First Nation legal challenge aimed at water permits issued for the massive Wonder Valley AI data centre near Grande Prairie.
Mirvish Village dev. still short of commercial tenants
VIDEO: Nearly ten years after Honest Ed’s was torn down to make way for a new mixed-use neighbourhood, Peterson's Mirvish Village development is nearing completion. But when it comes to filling the developments’ 106 commercial units — the timeline is unclear.
First Nation buys recently-built Marriott hotel in Nanaimo
Snuneymuxw First Nation has acquired the remaining ownership stake in the Courtyard by Marriott Nanaimo, bringing the downtown Nanaimo hotel property entirely under the First Nation’s control. The acquisition was completed through Petroglyph Development Group.
Historic Hamilton building becoming a mixed-use hub
Once complete, the 170-year-old Coppley Building will offer 36 residential and 60 hotel units, along with amenities such as a coffee shop, restaurant, bar, event space for 160 people and a swimming pool, developed by Core Urban Inc.
Office-to-residential conversion completed in Edmonton
100 House in downtown Edmonton has completed its second phase of office-to-residential conversion. In this story, the Daily Hive took a look at how the former office spaces have been transformed into apartments, developed by Stromiga Inc.
Toronto’s former condo king now lives in abandoned mill
The old knitting mill in downtown Hamilton, surrounded by garbage and covered with graffiti, looks abandoned, but there is someone living inside. Harry Stinson says the Ontario Securities Commission is on a “witch hunt,” and he’s the target.
Areas outside Toronto are most distressed condo markets
The glut of unsold preconstruction condos in Ontario is not concentrated in a host of new highrises in downtown Toronto, but further north in the emerging Vaughan Metropolitan Centre, and to the west, in downtown Hamilton.
Nearly half of Toronto tower could be 2- and 3-bedrooms
Plans for 736 Bathurst St. in Mirvish Village include 386 market-rate rental homes, with roughly 50 per cent of those designed to be two- or three-bedroom units, according to a development application by MOD Developments and Montez Corporation.
HD and Patrimoine partner on Montreal seniors’ residences
New private seniors' residences are expected to open in Greater Montreal, under the leadership of real estate developers Groupe HD and Groupe Patrimoine. Major projects are already in the planning stages as part of this strategic partnership.
$1B funding to help municipalities without dev. fees
The Ontario and Canadian governments are spending $1 billion to help municipalities that don't levy development charges build and renew critical infrastructure, spending $500 million each to create a new stream of the Municipal Housing Infrastructure Program.
Stellantis is considering sale of Brampton assembly plant
A national union says it was told by Stellantis that it is seriously considering the closure and sale of the Brampton Assembly Plant. The union "received information" from Stellantis on Wednesday about its possible plans.
CRE must change to unlock $180B from generative AI
The commercial real estate industry could realize US$110B to US$180B more in value with the proper application of generative artificial intelligence, McKinsey Global Institute estimates.
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