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Crestpoint acquires stake in Toronto's former Maple Leaf Gardens
Crestpoint acquires stake in TO's former Maple Leaf Gardens
Crestpoint Real Estate Investments Ltd., has acquired a portion of Toronto’s iconic former Maple Leaf Gardens building as part of a three-property portfolio it is buying into in a 50/50 joint venture with a Choice Properties REIT affiliate.
QuadReal acquires Toronto Queen St. W. site for $24.25M
QuadReal has purchased two low-rise commercial/residential buildings at 1149 and 1153 Queen St. W. in Toronto with the assumed intention of redeveloping the site into a multi-residential property.
Over 25 Ontario housing developers went bust in 2024
At least 27 Ontario developers have gone into receivership this year, a higher number than the province has seen in years. It’s an alarming spike experts say puts hundreds of housing units in jeopardy and preconstruction buyers in limbo.
Hamilton looks to expand self-storage permissions
Hamilton aims to let self-storage businesses operate in more parts of the city as consumer demand rises. The shift to more flexible policies comes as households downsize, residential development becomes denser and remote-working arrangements influence the market.
Amazon fulfilment centre opening this month in Cambridge
Amazon is set to open its Cambridge fulfilment centre this month. The massive building on Old Mill Road near Fountain Street South and Highway 401 is where products will be stored, managed and distributed to regional Amazon robotics fulfilment centres.
Pet Valu opens distribution centre in Surrey B.C.
Pet Valu Holdings Ltd. (PET-T) a major Canadian specialty retailer of pet food and pet-related supplies, announced the official opening of its 350,000-square-foot, LEED-gold certified distribution centre in Surrey, British Columbia on Friday.
Multi-unit industrial building dev. in Port Coquitlam back on
A new, multi-unit industrial building in Port Coquitlam is back on the books, despite previous delays in securing construction financing. The owner of the 39,643 sq. ft. property on Kingsway Ave. had secured a development permit in 2020.
Osborne Village area in Winnipeg is booming
Borrowing from Mark Twain, reports of the death of Osborne Village have been greatly exaggerated. For the first time in generations, major new mixed-use residential developments are happening right on Osborne Street, redefining two entire blocks of the village strip.
Couche-Tard urges 7-Eleven parent to continue takeover talks
Alimentation Couche-Tard (ATD-T) is not abandoning its pursuit of 7-Eleven’s Japanese parent company as it seeks to become the world’s largest convenience store operator. Despite Seven & i Holdings Co. rejecting Couche-Tard’s initial offer, Couche-Tard urges it to continue talks.
Equitable's laneway mortgages aimed for rental housing
Equitable Bank’s new Laneway House Mortgage is designed to help homeowners introduce more secondary suites to Canadian cities, and promote further densification of urban areas. It will assist eligible homeowners in funding construction of a laneway house on their property.
How 'financialized' landlords may be affecting rents
According to data from Rentals.ca, rents across the country have risen by 22 per cent in two years. It reflects a growing trend: the "financialized landlord," whose business model allows outside investors to share in the profit of rental housing.
Paying your rent… with a credit card
We pull out our credit cards to pay for groceries, restaurants and the little one's clothes. But rent? That's possible thanks to a Canadian company called Chexy which is dangling the promise of rewards and a potentially boosted credit score.
18-storey student residence proposed near TMU
A new 18-storey student residence has been proposed by Forum Asset Management, with the goal of bringing 223 rental units to the Cabbagetown neighbourhood, in close proximity to TMU, UofT, George Brown College and OCAD.
Site work begins for Calgary event centre, Scotia Place
Crews are hard at work on Calgary’s new event centre with construction on schedule for 2027 completion. With a $1.2B price tag, the project struck a milestone Tuesday as work began piling and shoring the site.
Big Lots files for bankruptcy, agrees on sale to Nexus Capital
Discount retailer Big Lots Inc. has filed for bankruptcy protection and plans to sell the firm’s assets and ongoing business in a court-supervised process. The Columbus, Ohio-based company earlier entered an agreement to sell the business to Nexus Capital.
The 'hotelification' of offices trend hopes to entice workers
Hoping to lure workers back to their desks, companies are designing ‘work resorts’, luxe spaces meant to compete with the comforts and versatility of their living room. Transforming traditional offices into workspaces with hotel-like amenities is referred to as “hotelification”.
Centennial, Atlas Hill RE close major retail deal
Centennial and Atlas Hill RE have acquired Annapolis Mall, a super-regional shopping centre within the Greater Washington, D.C., market. The property — Maryland’s second-largest mall — adds to Centennial’s nationwide footprint within the asset class.
Kushner snags $415M in loans to redevelop New Jersey mall
Kushner has picked up two loans totalling $415M to demolish part of Monmouth Mall in Eatontown, New Jersey, and redevelop it into a mixed-use hub. The New York-based firm is redeveloping the mall under its new apartment brand, Livana.
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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