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Ground breaks on apartment tower in Toronto’s growing Mount Dennis

2 weeks ago

Ground breaks on apt. tower in T.O.'s growing Mount Dennis

Ground has been broken on The Dennis, a LiUNA Pension Fund of Central and Eastern Canada (LPFCEC) project built in partnership with Fengate and Hi-Rise Group in Toronto’s Mount Dennis neighbourhood.

Most Ont. municipalities fail to hit housing targets: RESCON

An industry group representing Ontario’s homebuilders has given almost two thirds of municipalities in Southern Ontario a failing grade on meeting their housing goals in the first half of 2025.

QuadReal launches $4.7B debt platform in U.K. and Europe

QuadReal has expanded its commercial real estate debt platform in the U.K. and Ireland. Over the next three to five years, QuadReal intends to commit over $4.7B (£2.5B), with an eye to further expansion into other European markets. 

Housing struggles expected to keep economy sluggish

Oxford Economics expects Canada to remain on the edge of recession through 2026, warning that broad-based weakness across the economy shows little sign of easing. The outlook was shared during the firm’s September Office Hours call.

Toronto area housing faces a wave of distressed sales

The Greater Toronto Area is undergoing a level of housing market stress not seen in recent history. In August, the GTA’s average home prices fell to levels last seen in February, 2021. At the same time, housing inventory was hovering near all-time highs.

Century Group slashes number of homes in Tsawwassen plan

Century Group has significantly revised its plan for the redevelopment of Tsawwassen Town Centre after input from the community. The updated proposal reduces building heights by 25 per cent and takes the number of homes from 1,433 to approximately 600.

Calgary unveils Radio Park in growing West District

Radio Park, an 8.5-acre public space that developers said is unlike any other in the city, opened Saturday in Calgary. Located at the heart of Truman Homes’ West District community, the park was designed as an all-season community hub. 

iPro Realty’s debt exceeded its value, court documents show

iPro Realty had debts of more than $27-million owing to dozens of private investors and lenders, far exceeding the value of the defunct brokerage, according to new documents filed in court by the Real Estate Council of Ontario.

Dual rental towers planned near Toronto's High Park

Elysium Investments, alongside partners Hepsor SPV I Ltd and Oikoi Living, have submitted an application to the City of Toronto for the tallest towers yet in the High Park North neighbourhood. 

33-storey rental housing tower proposed for Vancouver

Third Space Properties has more than quadrupled the number of rental homes for its upcoming transit-oriented development project just east of SkyTrain’s Commercial-Broadway Station. New plans call for a 349-foot-tall, 33-storey, mixed-use tower with a six-storey base podium.

Another 5,400 homes proposed for southwest London

Southwest London residents may have to get used to a “snowball effect” of higher-density development. After the approval of a super-sized subdivision in a largely rural area, two more plans of subdivision have emerged for Talbot Village.

Can Dawn Farrell clear the road blocks for the MPO?

As CEO of TransAlta, Dawn Farrell spearheaded the difficult task of transforming the company from coal to natural-gas-fired and renewable power. Now, it is hoped her persistence and no-nonsense style will help make the Major Projects Office (MPO) a success.

HOOPP CEO says nation-building projects a start

The CEO of one of Canada’s largest pension plans says new nation-building infrastructure projects announced by the federal government last week represent a “first step” to creating the kind of investment opportunities long sought by the country’s globe-trotting institutional investors.

77 of Claire’s Canadian stores could be sold: court docs

New court documents show a deal to sell much of accessories retailer Claire’s global business to a Maryland-based serial investor could include up to 77 of the company’s Canadian stores.

Is No Frills a sign of new life for Village Mall in St. John's?

The shopping centre’s retail glory days may be in the rearview mirror, but recent proposals for a potential on-site apartment complex, as well as confirmation that a grocery store will be returning to the Village Mall have raised hopes.

Real estate brokerage Compass to buy Anywhere for $1.5 billion

Compass Inc. agreed to buy Anywhere Real Estate Inc. in a US$1.5B stock deal that would cement Compass’s status as the largest residential brokerage in the United States.

New apartment construction jumps nearly 16%

Starts for new apartment projects of five or more units picked up in August, according to statistics released last week by the Census Bureau and the U.S. Department of Housing and Urban Development. 

Formerly niche asset classes emerge as institutional favourites

As historically preferred property types like offices lose value, specialized asset classes are gaining popularity. Formerly niche sectors like data centres, manufactured housing, marinas and cold storage are gaining ground as prime investment targets, snagging billions of dollars.

Canada Water’s transformation into London’s first new town centre in 50 years

Less than a 10-minute Tube ride from London Bridge, a 53-acre site is undergoing a huge transformation to become London’s first new town centre in 50 years.

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