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HBNG Holborn busy on development front, names first president
HBNG Holborn busy on development front, names president
HBNG Holborn Group has appointed its first president to further drive its expansion plans, which include two recently acquired retail properties and a host of planned developments in the Greater Toronto Area, Southern and Central Ontario.
15-minute neighbourhoods: Benefits, barriers in report
The 15-minute neighbourhood concept has created a buzz in urban planning circles over the past few years and is the basis for the new RE/MAX Canada report, 15-Minute Neighbourhood: Lessons for Small Communities.
Industrial land prices soaring to new heights in Ontario
Colliers’ Waterloo Region Industrial Market Report for Q1 2023 showed investors are currently shelling out an average of $517,928.40 per acre for industrial land, with some sales topping the $2-million threshold.
T.O. gives approval to The One to soar 91 storeys
The One, on the southwest corner of Bloor and Yonge Streets in the heart of Toronto, is now heading for 91 storeys, The Mizrahi Developments tower, aiming to be Canada's first 'supertall' building, had a an application for 94 storeys.
Housing can’t trump workspace: Metro Van. city managers
A panel of Metro Vancouver city managers say office space shouldn’t be sacrificed for housing, noting that the same people who need homes in the region also need places to work.
Push is on to save Vancouver's heritage businesses
In Vancouver’s frenzied real estate market, beloved shops and restaurants are often displaced or destroyed through redevelopment. City hall has spent several years studying how to help these “legacy businesses” or “heritage businesses,” with much of the focus on Chinatown.
Melrose proposes 46-, 52-storey towers in Vaughan
Melrose Investments has proposed 46- and 52-storey condo towers at 130 Doughton Rd. in Vaughan. The Kirkor Architects and Planners-designed towers would total of 1,277 residential units in addition to 500 vehicular parking spaces and 192 spots for visitors.
Phase 2 of Canderel's St. Clair Village breaks ground
Construction has officially started on the 12-storey, 173-suite 908 St. Clair in Toronto – the second phase of St. Clair Village by Canderel with the first phase - 900 St. Clair gearing up for occupancy.
Hamilton sets record for reaching $1B in building permits
In a media release, the City of Hamilton announced that as of June 14, Steeltown surpassed $1 billion worth of construction since the beginning of the year — smashing the record it set last year by three days.
Tribute Portfolio officially opens HONEYROSE Hotel, Montreal
Tribute Portfolio – part of Marriott Bonvoy's portfolio of 31 hotel brands – continues to grow its global family of hotels with HONEYROSE Hotel, Montreal, a Tribute Portfolio Hotel, the brand's first property in Montreal.
Stone Asset assigned to new Starlight Capital funds
Starlight Investments Capital LP announced the assignment of Stone Asset Management Limited (SAM) portfolio management duties to affiliate Starlight Capital and the appointment of Starlight Capital as successor trustee of the new Starlight funds.
CF Toronto Eaton Centre adding new tenants
The iconic CF Toronto Eaton Centre continues to be a beehive of leasing activity with Pilgrim and Osmow coming soon. Future openings include The Constance Taverne and the 17,000-square-foot Oliver & Bonacini Queen’s Cross Food Hall.
Blackstone sells $3.1B industrial portfolio to Prologis
Prologis has a definitive agreement to acquire 14 million square feet of industrial assets from real estate funds affiliated with Blackstone for $3.1 billion, in an all-cash transaction. The transaction is expected to close in Q2 2023.
30% of U.S. office bldgs. have most of the vacant space: JLL
High office vacancy rates in markets nationwide mask the fact that a disproportionate amount of empty office space is concentrated in a relatively small percentage of buildings, according to a report by JLL.
HSBC to leave Canary Wharf tower
HSBC (HSBC-N) has decided to leave its long-standing headquarters in Canary Wharf in east London and move to a much smaller office in the centre of the city, according to a memo seen by Reuters.
Look to the U.S. for investment housing: SHARE
Even wealthy Canadians are struggling to break into the housing markets in cities like Toronto or Vancouver thanks to dwindling supply and sky-high demand. So, real estate investment company SHARE is encouraging Canadians to look south of the border.
ApartmentLove intends to acquire Canadian fintech pioneer
ApartmentLove Inc. (APLV-CN), a provider of online home, apartment and vacation rental marketing services to property managers, owners, renters and vacationers, has a non-binding letter of intent to acquire an unidentified "pioneer" in the Canadian financial technology sector.
Properly mulls buyout offer
Upstart real estate brokerage Properly Inc. has hired investment bank Raymond James to consider options including a sale, just a few years after rapidly expanding in Ontario. Earlier this year Properly paused sales assurance citing “unprecedented volatility in the . . . market.”
Metro Vancouver condo investments become less viable
The combination of increased interest rates, real estate prices and maintenance costs is making Metro Vancouver condos a less appealing prospect for people looking for a good return on investment, according to some experts.
Many first-time GTA homebuyers got help from family
36% of GTA homebuyers were given a lump sum payment from parents or relatives to purchase their first property and nearly 75% of first-time homebuyers worried their down payment would not be enough, according to a Royal LePage survey.
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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