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The Rose Corp. acquires 27-acre Oakville development site
The Rose Corp. acquires 27-acre Oakville development site
The Rose Corporation has acquired the largest single parcel of land in midtown Oakville, Ont., the 27.3-acre former General Electric factory site at 420-460 South Service Rd., for $45 million.
Dilawri to buy $54M Markham property from AP REIT
Automotive Properties Real Estate Investment Trust (APR.UN-T) plans to sell its six-acre Honda dealership site near Unionville GO station in Markham to an insider of the trust for $54 million.
TO condo market facing biggest test since 1990s recession
Housing markets have taken knocks over the past few years, but few have had it as rough as Toronto’s condo market. While the low-rise market is holding its own, the condo market is deteriorating to levels not seen in decades.
Umicore halts construction of $2.76B battery materials plant
Umicore says it has halted spending on a $2.76-billion battery materials plant in eastern Ontario. The global materials company says it made the decision because of scaled-back expectations for growth in the electric vehicle market.
New vision for Vancouver's Gastown waterfront railyard
A new vision for Gastown’s railyard offers a glimpse of activating and revitalizing the remaining industrial areas of downtown Vancouver’s Central Waterfront with mixed-use buildings, public spaces and the new Granville Square tower that could become Vancouver’s tallest building.
Winnipeg's BrookPort business park is bustling
While construction in Winnipeg’s industrial real estate sector remains at a collective crawl, Whiteland Real Estate has added another piece to its 300-acre puzzle within CentrePort and is close to wrapping up a project of fully serviced industrial land.
Boost for science: $1.5B for two new Ottawa labs
The federal government announced Friday $1.5 billion in funding for two new science laboratories to be built at the National Research Council’s Montreal Road campus in Ottawa’s east end. The new facilities will be located on Montreal Road.
McMaster struggles to fill new downtown student building
More than half of a troubled downtown McMaster University residence is set to be vacant in September. The 10 Bay St. S. residence is currently “on track for 40 per cent” occupancy to start the new school year.
Fisher River Cree Nation buys historic building in Winnipeg
Fisher River Cree Nation announced the purchase of the Rubin Block last week with the plan to transform the century-old historic building into a modern multi-family transitional complex, providing safe housing for families in need.
B.C. puts West Vancouver on notice to make bylaw changes
The province of British Columbia has given the District of West Vancouver a blunt warning: Change your bylaws to allow multi-unit buildings on single-family and duplex lots within 30 days or we’ll impose the changes on you.
Vancouver approves Commercial Dr. social housing tower
The City of Vancouver-owned surface vehicle parking lot at the southeast corner of the intersection of Commercial Drive and Adanac Street will finally be redeveloped, following previous failed attempts to do so.
TO moves forward on first mass timber dev. on city land
Toronto councillors have approved the zoning application for the first mass timber building on a city-owned site, marking the final stage of approvals from the city before construction can begin. The project is part of a mass timber pilot program.
Three towers up to 55 storeys proposed in North York
Igernan Limited has proposed a development unmatched in height and density in the area surrounding Sheppard West subway station. Designed by Hi! Architects Inc., it would feature three towers ranging from 50 to 55 storeys, with 1,759 residential units.
Plan filed for ‘Four Seasons’-inspired, 3-bedroom apartments
A seven-storey apartment building has been proposed for Toronto's Forest Hill neighbourhood, consisting only of three-bedroom units. The building will be clad in limestone, brick and black granite and the design was inspired by Paris' Four Seasons Hotel George V.
Quebec businessman buys Bentley luggage retailer
According to court documents filed in Quebec, luggage retailer Bentley has agreed to be sold to Quebec businessman Paul Nassar. Montreal-based Bentley has about 700 employees and 130 stores across Canada selling luggage, handbags, backpacks and other accessories.
Kroger, Albertsons pause $25B merger
The proposed merger of U.S. grocery giants Kroger and Albertsons is on hold following a temporary injunction in a Colorado case against the deal. The latest step delays the sale of a coast-to-coast portfolio that includes nearly 600 stores.
U.S. office loan pain is only starting to ramp up
Any hopes that falling borrowing costs would stem the pain from the U.S. office downturn were swept away last week. More than $94 billion of U.S. CRE is currently distressed.
One of the biggest U.S. developers is done with the West Coast
Wood Partners is shuttering its West Coast operations after it finishes up the projects already underway. The Atlanta-based firm is the fourth-largest U.S. apartment developer, with more than 5,000 units started last year, according to the National Multifamily Housing Council.
£380M wiped from value of 'Walkie Talkie' building, refinancing looms
The value of one of London’s most recognisable skyscrapers has dropped significantly since it was purchased by a Hong Kong-based investor. Now, the owner needs to refinance a loan against the building in the next seven months.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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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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