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Bélanger acquires 39 Quebec City apartment buildings for $143M
Bélanger buys 39 Quebec City apartment buildings for $143M
Société immobilière Bélanger has made its biggest ever acquisition, investing $143 million to acquire 1,057 multifamily units in 39 buildings in the Quebec City region from Logisco.
New tariffs won't be imposed on Day 1, Trump official says
Trump will issue a broad trade memo that stops short of imposing tariffs on his first day in office, but rather directs federal agencies to evaluate U.S. trade relationships with China, Canada and Mexico, an incoming Trump administration official said.
How Trump could impact Canadian real estate
OPINION: U.S. Treasury policies from bond issuance to the fed funds rate to quantitative easing have profoundly influenced global economic conditions, including Canada’s economy and real estate market, according to John Cresswell of Trez Capital.
Here’s what Trump's inauguration could mean for U.S. CRE
With Donald Trump heading back to the White House, the United States will once again be helmed by a so-called developer in chief. Trump has alluded to several early policy decisions that could touch commercial real estate.
More deals but less industrial uptake in 2024
Nearly 35.5 million square feet of industrial supply came onto the market across 15 Canadian regions in 2024, pushing the national vacancy rate up to 4.8 per cent with nearly three million square feet of negative absorption for the year.
Clifton Blake to bring over 1,500 rental apartments to the GTA
Clifton Blake president Wes Myles says the firm plans to bring about 550 new purpose-built rental units to the Toronto area market in the next 18 months and more than 1,500 by 2028.
RESCON legal bid seeks to strike down green building rules
A group of developers is asking a court to strike down Toronto’s sustainable building standards — a legal challenge that the builders say would make homes cheaper but that critics say will “gut” the city’s flagging climate change strategy.
Primaris makes progress on carbon after setting ESG targets
After establishing a sustainability baseline in 2023, Primaris REIT (PMZ-UN-T) announced it is progressing on its carbon reduction goal and maintained its 100 per cent green building certification coverage in its 2024 sustainability report.
Development decision on old Barrie fairgrounds back with city
The fate of a huge residential development proposed by Greenwood Construction for Barrie’s old fairgrounds on Essa Road rests again with city council. The proposal is for 4,054 residences, along with commercial uses and a school block.
Shelborne proposes 44 and 41 storeys in North York
New plans from Shelborne Capital are proposing the development of 44- and 41-storey mixed-use towers on a underutilised site in North York. If approved, the project would deliver nearly 1,000 residential units, commercial space and a new public park.
Dual highrises proposed near Scarborough Centre
A mixed-use proposal could bring further intensification along with community programming near Scarborough Centre. Designed by Giannone Petricone Associates for Mark's Choice Limited, the plans call for towers at 34 and 42 storeys near the Scarborough Town Centre mall.
Four 23-storey towers proposed for Etobicoke West Mall
An ambitious four-tower condo development, 23 storeys each, has been proposed by Fana Group of Companies that would deliver over 1,000 residential units to the Etobicoke West Mall neighbourhood.
The great Canadian RE stagnation has just begun: BMO
Canadian real estate sales are picking up but prices haven’t budged, and they aren’t expected to in the near future. BMO Capital Markets believes the great Canadian real estate stagnation may have just kicked off.
Zown sets out to lower costs for home buyers
A frustrating home buying and selling experience has evolved into online brokerage Zown Canada, which its founder says was created to return more money to buyers for their down payments and lower the threshold for acquiring a residence.
Blueberry Inn brings much-needed rooms to Churchill, Man.
Too many times, there was no room at the inn, hotel or bed and breakfast during Churchill’s busy polar bear viewing season. But those nights are ending as Churchill Wild recently unveiled the Blueberry Inn, a 9,000-square-foot lodge.
Future bleak for Canadian women’s mid-priced retailers
Canada's women’s apparel market faces turbulent times, with mid-priced specialty retailers experiencing significant challenges. Recent announcements, such as Comark’s closure of its Ricki’s and Cleo banners, and the acquisition of Northern Reflections by Putman Investments, highlight retail's precarious state.
Johnston & Murphy to close Canadian stores and website
Johnston & Murphy, the historic American footwear and apparel brand founded in 1850, has announced the closure of its Canadian operations. The decision saw all six Canadian stores and the brand’s Canadian website cease operations last week.
Connectivity Is key when selecting commercial real estate
New report reveals most business leaders in the U.S. and U.K. plan to move to a new building within the next five years. Reliable connectivity is more important than ever.
L.A. fire victims turn to prefab homes for quick builds
Even as fires continue to burn across Los Angeles, many of those who lost their houses are already making plans to rebuild. To overcome labour shortages and speed up the process, some are turning to prefabricated homes.
City of London’s tallest tower fully leased with Riverstone deal
The tallest skyscraper in the City of London financial district has reached full occupancy just over four years after it was completed. RiverStone International has leased the final remaining floor at 22 Bishopsgate, according to the building’s developer Axa SA.
Industry Events
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ICSC Whistler
Jan 26 2025
to Jan 28 2025
Fairmont Chateau Whistler
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Canada Real Estate Auctions
Feb 01 2025
to Dec 31 2025
Canada
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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