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Elite buys Edmonton retail centre, apartment building
Elite buys Edmonton retail centre, apartment building
Elite Real Estate Group, a key player in Edmonton’s commercial real estate market, has surpassed $500 million in assets under management with two significant acquisitions — Whitemud Crossing Shopping Centre and Concord Tower apartments.
Bela Square offers a new concept in T.O.'s Main-Danforth
Occupancy has begun at DBS Developments’ 35-storey, 404-unit tower at Bela Square, the first new purpose-built rental community in Toronto’s Main-Danforth area in more than 50 years.
Is the ‘ugly duckling’ strip mall making a comeback?
Long derided as car-centric relics in need of major overhauls, the aging strip malls that dot North America’s suburbs have faced abandonment and redevelopment pressures for years as big box retailers, fulfilment warehouses and residential projects took precedence.
Just one more storey: Canada's tallest building bumps up
Canada's future tallest skyscraper could climb even higher, as Pinnacle International seeks to add yet another storey to SkyTower at Pinnacle One Yonge. A minor variance application also seeks to raise the ceiling heights on 15 upper storeys
Inside an office-to-apartments conversion in London
Work is underway to turn an eight-storey building in London that once housed insurance companies and law offices, into apartment units, the first project that's using incentive money from the city to convert empty or under-used offices into much-needed housing.
Toronto's King Street castle is no more, 14-storey to rise
A local landmark at King Street and Strachan Avenue has been razed. The Palace Arms property, owned by a development consortium that includes Greenwin Corp., Intentional Capital and Windsor Private Capital, was built in 1890.
Residents say scaled back Calgary redev. is still too big
On a 4.6-hectare lot off of Crowchild Trail, developer Minto Group is proposing to build between 1,231 and 1,509 housing units across eight buildings — up to 16 storeys high — for its project, 2501 Richmond.
Cooperatives: A RE concept gaining popularity in Quebec
Homeowner cooperative projects have existed for a long time in France, but have been slow to arrive in Canada. According to Fonds Coop Accès Proprio, approximately 1,000 housing units will be built in coming years using the homeowners' cooperative model.
Quebec’s aluminum product producers feel tariff sting
There are roughly 1,700 companies shaping aluminum into components or finished products in Quebec, cranking out everything you can think of with the malleable metal – from ambulance doors to window frames.
Dizolve Group unveils state-of-the-art manufacturing facility
Dissolvable laundry and cleaning sheets manufacturer Dizolve has opened a 72,000-square-foot, state-of-the-art manufacturing facility in Moncton, N.B. The company says the expansion reflects its "deep commitment to supporting the Canadian economy".
Promise Robotics expands with new warehouse in Calgary
AI company Promise Robotics has announced its plans to expand deployment of its production lines at a new 60,000-square-foot existing warehouse in Calgary. The facility will be able to produce up to one million square feet of housing annually.
Furniture company shuts Canada plant, moves to U.S.
Canadian furniture company Prepac shut down its manufacturing facility in Delta, B.C., and has moved all production to its factory in North Carolina, according to the union representing the plant's workers.
Hudson’s Bay liquidation sales begin in Toronto
The liquidation of Canada's oldest department store comes after Hudson's Bay filed for creditor protection earlier this month, saying it was facing financial difficulties stemming from lower consumer spending, reduced downtown traffic and trade tensions between Canada and the U.S.
Firehouse Subs expands to Canada amid tariff alarm bells
Mike Hancock might be the American-born president of an American restaurant brand, but his Canadian credentials are hard to deny. Trade tensions have been difficult for the former Tim Hortons COO and short-lived Toronto Argonauts defensive end — personally and professionally.
Toys 'R' Us to close three stores in Metro Vancouver
The Canadian Toys ‘R’ Us locations largely avoided the full systematic closures that affected their American counterparts about eight years ago, but that reprieve now seems to be coming to an end in Metro Vancouver.
Odd Burger halts U.S. expansion plans
Vegan fast-food restraurant chain Odd Burger Corporation has halted U.S. expansion plans amid escalating political tensions between Canada and the U.S. Instead, the company plans on using the capital to invest in its Canadian manufacturing and franchise operations.
CRE/multifamily borrowing and lending expected to reach $583B
Total commercial and multifamily mortgage borrowing and lending is expected to hit US$583B in 2025, which is a 16 per cent increase from 2024’s estimated total of US$503B, according to a Mortgage Bankers Association report.
Loan extensions hit new high of $384B, Colliers says
Nearly half of all CRE loan maturities expected to hit this year were pushed back from years prior as the extend-and-pretend game continues. Lenders extended US$384B of loans from previous years into 2025, according to a Colliers report.
REITs play integral role in target-date funds
The growing use of target-date funds (TDF) remains the dominant investment-related trend in the defined contribution and individual retirement account markets, and REITs continued to be a critical component of TDFs in 2024.
Trump administration eyes privatization for Fannie, Freddie
The Trump administration is considering an executive order on housing that may push for the privatization of home loan giants Fannie Mae and Freddie Mac, the Wall Street Journal reported, citing a person familiar with the matter.
Industry Events
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Canada Real Estate Auctions
Apr 01 2025
to Dec 31 2025
Canada
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Western Canada Apartment Investment Conference
Apr 22 2025
Vancouver Convention Centre
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Vancouver Real Estate Forum
Apr 23 2025
to Apr 24 2025
Vancouver Convention Centre
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Edmonton Real Estate Forum
May 27 2025
to Feb 27 2025
Edmonton Convention Centre
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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