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Fengate acquires Toronto multires highrise dev. site
Fengate acquires Toronto multires highrise dev. site
Fengate Asset Management has closed on the acquisition of a “landmark purpose-built rental development site” in Toronto’s Etobicoke neighbourhood, 4-10 Beamish Dr. The Toronto-based firm intends to start construction of a 44-storey tower at the site in 2026.
Groupe Touchette, Melinor buy Cornwall industrial portfolio
Groupe Touchette Real Estate and Melinor Investments Inc. have acquired a three-building industrial portfolio in Cornwall, Ont. from Harlo Capital for $40.2 million. Harlo was represented by CBRE in the transaction.
7,300-home TOD plan for north-central Calgary
A newly named area structure plan (ASP) – Naato’siyinnipi ASP – makes way for the development of thousands of homes in north-central Calgary, in an area previously slated for commercial or industrial development.
Couche-Tard hits a third wall in its expansion goals
For the third time in five years, Couche-Tard (ADT-T) has hit a wall, unable to complete increasingly significant transactions. Has the company, which relied on unlikely acquisitions to become the giant it is, lost the touch that made it successful?
Inside the death of Hudson’s Bay
When Hudson’s Bay employees joined a company-wide Zoom meeting on March 8, 2021, they found their chairman, Richard Baker, wearing a camouflage T-shirt and seated in what appeared to be a boat cabin, accompanied by two tiny dogs.
20 years ago, Metro became a grocery giant
Twenty years ago, Metro (MRU-T) announced the acquisition that propelled it to the ranks of Canada's largest grocers. With the acquisition of A&P Canada's 236 Ontario stores, the Quebec company nearly doubled in size.
Balenciaga opens 1st Quebec store at Royalmount
Luxury fashion house Balenciaga has opened its first standalone location in Quebec at the Royalmount retail complex in Montreal. The new 4,000-square-foot boutique marks the brand’s fifth standalone store in Canada, strengthening its presence in the fast-growing luxury market.
Alberta boosts Heritage Fund to $30B, expands board
Alberta’s government has contributed $2.8-billion to a provincial wealth fund that now stands at $30 billion, and fleshed out the board of directors for a new corporation set up to make the fund grow faster.
Pressure mounting on tariff-exposed Ontario markets
Tariffs and trade uncertainty are weighing heavily on communities with deep industrial roots. In Hamilton, the threat of new steel tariffs has hit confidence in both business and housing markets. Similar pressures are being felt in Windsor and Niagara.
Net Zero Now plans energy campus to power Alberta DCs
As Alberta aspires to become a magnet for data centre developments, Calgary-based Net Zero Now Ltd. is looking to power those facilities through a 320-acre, 400-megawatt (MW) energy campus using a mix of renewables and natural gas.
Modular manufacturer ramps up production in N.B.
A growing population in New Brunswick and Canada is pushing modular manufacturing demand to new heights. Woodstock-based Ironwood Manufactured Homes is building a 100,000-square-foot factory to replace its 10,000-square-foot one to ramp up its production.
GM is already preparing its expansion in Bécancour
On the eve of the start-up of its battery materials manufacturing plant in the Bécancour industrial park, General Motors and its partner are already planning the second phase of the complex – worth several hundred million.
Downtown Vancouver shadowing policies updated
The City of Vancouver is advancing Phase II of its City-Wide Design and Development Guidelines, proposing a suite of changes aimed at simplifying the development process while balancing livability goals like sunlight in public spaces.
80-storey tower would transform major Toronto intersection
Evolving plans to redevelop the northeast corner of Yonge and Carlton streets with a towering skyscraper turned a new chapter this summer, when property owner Northam Realty advanced the latest pitch for 2 Carlton St.
Multigenerational living big draw for MILA in Toronto
Offering a variety of housing, particularly models that accommodate multigenerational families, is helping Madison Group’s MILA in Toronto navigate a sluggish home sales market, two company executives say.
Proposal for 46-storey tower at Mount Dennis station
A 46-storey tower has beed proposed by Republic Developments and Silver Hotel Group at the northeast corner of Weston Road and Eglinton Avenue West in Toronto’s Mount Dennis neighbourhood.
PSP commits $715M to industrial property vehicle in Australia
PSP Investments has joined cornerstone investors connected to CBRE IM Indirect to bolster the Aliro Group Industrial Vehicle (AGIV), committing up to $715 million (A$800M) for new acquisitions in Australian industrial property.
Invesco partners with Bozzuto for $1B of multifamily acquisitions
Invesco’s global real estate arm has joined forces with Maryland-based Bozzuto to create a US$330M investment platform for multifamily assets, with an investment capacity of up to US$1B, the firms announced last week.
Activist Elliott boosts stake in data centre REIT Equinix
Elliott Investment Management has built up its stake in Equinix Inc. and is pushing the data centre operator to take steps to boost its share price, people with knowledge of the matter said.
When real estate meets pop culture, buildings go viral
In an age when streaming shows dominate pop culture and viral influencers shape trends, real estate is part of the action, with a new wave of pop culture placemaking taking hold. Buildings are no longer passive backdrops — they’re starring roles.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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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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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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Saskatchewan Real Estate Forum
Oct 16 2025
TCU Place, Saskatoon
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