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Brasswater grows CRE portfolio in Quebec, GTA and the U.S.
Brasswater grows CRE portfolio in Quebec, GTA and the U.S.
Montreal-based real estate development firm Brasswater marked its 10th anniversary earlier this year and isn’t slowing down as it enters its second decade. It has made a steady stream of acquisitions in Canada and the U.S. in recent months.
Stiffer in-office mandates expected to bolster leasing
More major banks and large companies are mandating that employees be in the office at least four days each week, with many smaller firms expected to follow suit. This is leading to increased optimism among office building owners and managers.
Brookfield, Birch Hill to acquire First National in $2.9B deal
The mortgage company backed by billionaire Canadian financier Stephen Smith, First National Financial Corp. (FN-T) is being acquired by private equity buyers Brookfield Asset Management Ltd. (BAM-T) and Birch Hill Equity Partners Management Inc.
Second major development pitched for southwest London
Days after London politicians approved a small village worth of homes in the city’s southwest, a new application with nearly 900 homes up the road will be considered. KLM Planning Partners is proposing 899 units at 3317 White Oak Rd.
More lease deals reached for Hudson’s Bay locations
Hudson’s Bay has reached deals to sell leases of six store locations. Legal filings show clothing retailer YM Inc. has struck a deal to buy five leases for $5.03 million, while it was unable to secure three other locations.
B.C. retailer continues to thrive amid sector closures
In 1975, Serena Kwei opened her first clothing store. Today, she has nine stores, seven in the Lower Mainland and two in Victoria, under the names Serena or Bellissima West.
Foodservice outlook improves in Q2: Restaurants Canada
After a tumultuous first quarter, the outlook for the foodservice industry has moderated thanks to a cooling of tariff war rhetoric and a slight uptick in consumer confidence, but operators remain cautious, according to Restaurants Canada’s Q2 Quarterly Report.
SolarBank to become PowerBank as it shifts to data centres
SolarBank Corporation's (SUNN-Q) name change to PowerBank Corporation is a better reflection of its diversification into data centres, energy storage and even cryptocurrency, CEO Richard Lu told Sustainable Biz Canada.
Fed gov't quietly working on launching new housing entity
Housing stakeholders are fielding a flurry of calls from government officials seeking their advice on the creation of Build Canada Homes, a new federal entity that Mr. Carney has said will get the government back in the business of homebuilding.
Homebuilders navigate higher material costs amid trade war
With stakeholders already keenly aware of the need to rapidly scale up housing supply and improve Canada’s housing affordability gap, blanket tariffs imposed by the U.S. and more targeted material-specific levies meant additional unwelcome obstacles to overcome.
Auto tariffs stoke layoff angst in once-thriving Oshawa
General Motors is exposed to billions in costs from the trade war. The residents of Oshawa are already paying the price. Unemployment has surged in Oshawa and now tops 9 per cent, one of the highest rates of any Canadian city.
Mizrahi to renegotiate presale contracts for Ottawa project
Around nine months after filing for creditor protection, Mizrahi Development Group is now looking to renegotiate presale contracts with respect to its luxury condo development at 1451 Wellington Street West in Ottawa, also known The Residences at Island Park Drive.
First Nations Bank backs Whistler development
First Nations Bank of Canada has reached a deal to help fund an Indigenous-led development in Whistler, B.C. The money is going to Lil’wat Business Group to help build a housing and commercial space planned for the Function Junction neighbourhood.
Toronto city council approves 4,600+ units North and East
Eight development applications received approval in July across northern and eastern Toronto, paving the way for over 4,600 new residential and long-term care units. The projects range from a subdivision, to a 38-storey tower, to mixed-use neighbourhoods.
Whole new neighbourhood proposed for Rothesay, N.B.
A proposal has been submitted for a new development in the Saint John suburb of Rothesay which would add nearly 1,277 units over a 20-year period in a commercial and residential area near the highway.
Alberta could topple Ontario in new housing construction
For the first time in over 40 years, Alberta could potentially build more homes than Ontario this year — despite having a much smaller population. The province is on pace to build 58,900 homes this year.
Former Brookfield, Forest City execs launch development firm
A group of former Brookfield Properties executives has joined forces with Singapore-based Croesus Group to launch a North America-focused firm working on mixed-use projects called Esen. Its first project: a $1.5B, 2,000-unit development in Jersey City.
Whole Foods joins $3B mixed-use development in Frisco
Work has started on a Whole Foods Market at The Mix, a 112-acre community in Frisco, Tex. The grocery store, the first Whole Foods location in Frisco, will anchor the development’s retail space, which will total 100,000 square feet.
Boston’s office pipeline maintains national lead
Boston’s office pipeline remained in the spotlight in the first months of this year. As of May, projects underway totalled 5.9 million square feet, ranking first nationally, Yardi Research Data shows. However, the pace of new starts slowed significantly.
Regency Centers closes $357M portfolio deal
Regency Centers Corp. has acquired a five-property retail portfolio in Orange County, Calif., for US$357 million. Rancho Mission Viejo sold the assets totalling nearly 630,000 square feet, according to Yardi Research Data.
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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Montréal du Futur
Sep 24 2025
to Sep 29 2025
World Trade Centre of Montreal
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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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