LocationsRecent Articles
Real estate returns remain below average: MSCI/REALPAC index
RE returns remain below average: MSCI/REALPAC index
The MSCI/Real Property Association of Canada (REALPAC) Canadian Property Index performed better in 2024 than it had a year earlier, but total returns remained well below historical norms.
T.O. buyers left in lurch as pre-con condo appraisals plummet
The gap between pre-construction condo purchase prices and current appraisals is leaving buyers scrambling to make up 10-30 per cent differences. The problem will grow this year, as 30,793 units in the Toronto and Hamilton region near completion.
Embattled Guzzo theatre chain draws 37 interested buyers
The lights have gone out at Cinémas Guzzo, but interest in its assets is intensifying. Nearly 40 interested parties have emerged for one of Quebec’s largest theatre chains as the company is saddled with more than $100M in debt.
Lender wants to put Toronto’s El Mocambo into receivership
A financial lender is seeking to put Toronto’s iconic El Mocambo music venue into receivership, telling an Ontario court that owner and former Dragons’ Den star Michael Wekerle has failed to repay $55.6-million through companies he controls.
Victoria's iconic live music venue Strathcona Hotel is for sale
The Strathcona Hotel — a downtown Victoria landmark and live music venue for generations — is going on the market. The Olson family, which has owned the hotel for almost 79 years, is hoping to sell to a new operator.
A $9.9M development opportunity is up for grabs in Edmonton
A development opportunity has hit the market in Central Edmonton — a vacant lot all set to go for a high-rise residential development. The lot is steps away from Commonwealth Stadium, the river valley, Jasper Avenue and the LRT.
Edmonton to use 11 surplus school sites for housing
Edmonton city council will forge ahead in using surplus school sites to build more affordable housing. The council voted 9-4 to grant city administration delegated authority to sell land below market value.
Burnaby Heights condo development goes bust
Siena The Heights, a mixed-use development in Burnaby is going into receivership after developer I4PG was unable to secure "satisfactory" financing arrangements. Siena was planned as a five-storey, mixed-use development, with commercial space and 38 residential units.
REITs offer investors international RE exposure
As interest rates subside in North America, investors may be diversifying away from safe havens like GICs and looking for a little more return and yield elsewhere. Real estate tends to come into focus in a lower-rate environment.
What needs to change in GTA homebuiding
OPINION - Failure to cut building costs by modernizing the Development Charges Act, writes Dave Wilkes, will place Ontario’s future housing supply in jeopardy for years to come as the province faces a crisis of affordability.
Alternative lenders reshaping B.C. mortgage market
Mortgage brokers and alternative lenders are playing a bigger role in B.C.’s residential real estate sector, as cost-conscious homebuyers seek more financing options and turn to non-traditional products that suit their needs, goals and wealth strategies.
Peloton expands land management software to clean energy
A growing number of renewable energy projects in its clients' portfolios has led Calgary-based software company Peloton to expand its land management offering from oil and gas into clean energy and carbon capture projects.
Nova Net Lease REIT announces liquidating distribution
Nova Net Lease REIT announced that it will make a liquidating distribution on Feb. 20 to holders of REIT units as of Feb. 13, which is estimated to be US$0.43 per REIT unit.
BCI completes sale of majority stake in Hayfin
British Columbia Investment Management Corporation (BCI), one of Canada’s largest institutional investors, announced it has completed the sale of its majority stake in Hayfin Capital Management to Arctos Partners, a private investment firm.
Automotive Properties buys Ohio collision centre for $25.5M
Automotive Properties REIT (APR-UN-T) announced it has entered into an agreement to acquire a Tesla-tenanted collision centre property in Dublin, Ohio, from a third party for a purchase price of approximately US$17.8 million (C$25.5M).
Brookfield to spend $20.7 billion on France’s AI infrastructure
Brookfield Asset Management (BAM-T) plans to invest US$20.7 billion to develop data centres and AI infrastructure in France over the next five years, as the competition to dominate artificial intelligence intensifies among global powers.
$4B Blackstone retail deal gets green light
Retail Opportunity Investments Corp.’s shareholders have approved the proposed merger with Blackstone Real Estate Partners X. The all-cash deal, valued at about US$4 billion, is expected to close this week.
Top-100 U.S. office leases of 2024 point to stabilization
The average size of the Top-100 office leases in 2024 rose to 288,834 square feet, up eight per cent year-over-year, according to CBRE’s latest report. The survey also found renewals accounted for 68 per cent of the agreements.
Hyatt to buy all-inclusive resort owner Playa for $2.6 billion
Hyatt Hotels Corp. struck a deal to purchase Playa Hotels & Resorts NV for about US$2.6 billion, expanding its reach into the all-inclusive resort market in countries including Mexico and Jamaica.
Industry Events
-
RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
-
CBRE Capital Lenders' Forum 2025
Feb 25 2025
Metro Toronto Convention Centre
-
Canada Real Estate Auctions
Mar 01 2025
to Dec 31 2025
Canada
-
MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
-
CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
-
BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
