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Navigating the HBC collapse: Interview with Primaris CEO Alex Avery
Navigating the HBC collapse with Primaris CEO Alex Avery
Primaris REIT (PMZ-UN-T) began planning for the bankruptcy of Hudson’s Bay Company (HBC) three years ago, and that advance strategizing should enable it to reap quicker rewards now that Canada’s oldest retailer has gone down.
Groupe HD, Kastello, CPD partner on $150M Montreal redev.
Montreal-area real estate companies Groupe HD, Kastello Immobilier and CPD Immobilier have partnered to redevelop a site in Montreal's Saint-Michel neighbourhood, planned to host a six-storey residential and commercial complex.
$100M CIB, BNS venture to decarbonize commercial buildings
Canada Infrastructure Bank has formed a $100M venture with Scotiabank to finance energy efficiency retrofits for Scotiabank's Canadian real estate clients. Eligible clients, including owners of commercial, industrial, office and multiresidential buildings, can access low-cost loans to upgrade buildings.
Advisory firms back Sunoco's $12.3B offer for Parkland
Parkland (PKI-T) says a pair of proxy advisory services are recommending shareholders vote in favour of a planned takeover by Sunoco. Sunoco has signed an agreement to buy Parkland in a cash-and-stock deal valued at $12.3B (US$9.1B).
‘Total collapse’: Hamilton home builders want break on fees
Hamilton’s residential construction industry is asking the city to temporarily cut development charges in half to help weather a severe market downturn. But city officials point out offering breaks on the fees means the forgone revenue must be realized elsewhere.
Housing starts largely flat from April to May, CMHC says
Canadian housing starts were largely flat in May compared with April as a slight rise in groundbreaking in multiple unit urban homes was offset by a marginal drop in starts in single-family detached urban homes, national housing agency data showed.
First 'Rainbow Registered' rental set for Yonge and Eglinton
As Pride Toronto ramps up, Toronto’s real estate industry has just announced a first for the city’s queer community. The city is now home to Canada’s first Rainbow Registered residential rental, a new complex from Hazelview Properties.
National building permits drop 6.6% in April
Canadian building intentions declined sharply in April, with the total value of permits falling 6.6 per cent to $11.7 billion, led by a steep pullback in multifamily housing plans in British Columbia, according to Statistics Canada.
If you want staff in offices, offer proper offices to go back to
OPINION: Recently Royal Bank and Bank of Nova Scotia both announced employees would return to the office four days a week. The slow walk back to five days in-person reflects an emerging consensus that remote work is a productivity killer.
China approves Bunge’s $46.1B merger with Viterra
China’s market regulator has granted conditional approval for global agribusiness Bunge Global's merger with Glencore-backed grain handler Viterra, it announced, as the company cleared the final hurdle for the $46.1B (US$34B) megadeal announced two years ago.
Buyers seek value in farmland as uncertainties persist
Buyers are looking beyond current uncertainties in the quest for farmland this spring, but many are taking a closer look at deals to ensure they’re getting the best value for their money.
Cyclic Materials to develop $25M recycling site, R&D centre
Cyclic Materials has announced a US$25-million investment to develop a 140,000-square-foot facility in Kingston, Ont. that will host a commercial-scale magnet recycling unit and research and development labs focused on rare earth metals recycling.
Gateway Meat Market sets opening date for new store
The Gateway store in Dartmouth will be 26,000 square feet with 180 parking spots, 12 cash registers with conveyor belts, separate entrances and exits, bigger shopping carts, two cart corrals and an accessible washroom among the many upgrades.
New grocery store slated for West Broadway in Vancouver
A Sobeys grocery store brand will open in the former Toys 'R' Us space at 1154-1174 West Broadway in Vancouver. The existing 11,500-sq.-ft. interior will undergo demolition work to accommodate the new store.
Feds nix St. John's $5M commercial space conversion plan
The federal government has turned down a $5-million plan from the City of St. John's to turn commercial property to residential units, according to a member of city council.
Ground breaking in Winnipeg's St. Boniface neighbourhood
A long-desired mixed-use development is one step closer to becoming a reality. Carrington Real Estate hosted a sod-turning ceremony Friday afternoon to mark the upcoming construction of Promenade Provencher in Winnipeg’s St. Boniface neighbourhood.
Brookfield to buy internet provider Hotwire for about $7-billion
Brookfield Infrastructure Partners (BIP-UN-T) has struck a deal to buy internet service provider Hotwire Communications, valuing the company at around US$7-billion, including debt, people familiar with the matter said on Friday.
Billionaire property mogul Ashkenazy raises $750M for comeback
Ashkenazy Acquisition Corp. has raised US$750M to go after new acquisitions after losing several of his most iconic properties to lenders. Ashkenazy is targeting retail and hospitality properties with overleveraged owners who are struggling to refinance.
NorthPoint pays $270M for Chicago industrial portfolio
NorthPoint Development has paid a combined US$270 million for a 2.8 million-square-foot industrial portfolio in Elgin, Ill., public records show. High Street Logistics sold the portfolio, after having had acquired it for US$230 million four years ago.
Tariff costs, headaches could push data centre projects out of U.S.
The Trump administration’s trade policies are expected to raise data centre development costs and scramble the industry’s already strained supply chains, potentially pushing more data centres outside of the United States.
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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