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Benjamin Tal: This transition period will lead to better things

4 days ago

Tal: This transition period will lead to better things

“The situation is not good” is how CIBC Capital Markets managing director and deputy chief economist Benjamin Tal began his speech to open the Canadian Apartment Investment Conference at the Metro Toronto Convention Centre on Sept. 9.

Starlight Investments closes $1.2B U.K. build-to-rent fund

Toronto-based Starlight Investments has closed a U.K. fund focused on build-to-rent development following a successful $1.27-billion (£680 million) fundraise. Starlight said the fund will support the acquisition and delivery of over 6,000 BTR homes across the U.K.

La Caisse, Ryan Beedie partner on industrial properties

Beedie Holdings Ltd. has sold a half-share in six warehouses and distribution centres to pension management giant La Caisse for $500M. The partners have also agreed to buy or build up to $2B of additional industrial properties.

Toronto Pearson sees 30+ retail, dining openings

Toronto Pearson Airport says it is transforming the passenger experience by opening more than 30 new retail, dining and lounge offerings throughout 2026 in a landmark commercial expansion that features a strong lineup featuring many Canadian-owned, Toronto-founded and locally-inspired brands.

Empire to open 13 FreshCo stores this fiscal year

Like other major grocers, Sobeys parent Empire Co. Ltd. (EMP-A-T) has noted that shoppers continue to visit discount stores more frequently. In response, Empire plans to open 13 more FreshCo stores this fiscal year.

Is your property actually ready for winter?

The questions every property manager should be able to answer before the first snowfall. A signed snow removal contract can create a sense that winter is handled. But the contract is only part of the plan.

Sponsored by: Strathmore

Harry Rosen’s Bloor St. flagship closing after 40 years

Harry Rosen will permanently close its flagship at 82 Bloor St. W. on Saturday, ending nearly four decades in a building that grew considerably during the retailer’s tenure and became a fixture of the Bloor-Yorkville shopping district.

Marine Landing: From industrial hub to southern gateway

For over a decade, Vancouver has worked to remake this industrial area into a new urban centre. The transformation isn't over, anchored by major proposals including 1,000 rental homes from PCI Developments and a 30-storey hotel.

25-storey rental tower planned in Scarborough Village

New ownership and a new design team have reworked a proposal in Toronto’s Scarborough Village. CentraCondos Group’s purpose-built rental proposal replaces a plan for a condo from NJS Capital and Scarboro Golf & Country Club Residence Inc.

Condo tower will feature porcelain tile handpicked in Italy

Unlike the slapdash condominium towers that dot the city, Woodcliffe Landmark Properties' The Summerhill will be special, even on the outside, thanks to a shipload of Italian porcelain and architect Peter Clewes.

Why N.S. rent increases remain well above historical norms

Despite the construction of thousands of rental units in recent years, rents in Nova Scotia are still going up at a rate several times higher than what was seen historically. Rents increased 8.7 per cent in July compared July 2025.

Public Storage prices inaugural $400M Canadian notes

Public Storage has priced a public offering of $400 million in fixed-rate senior notes due in 2033. This is the company’s inaugural offering in the Canadian market, following its recently completed acquisition of Public Storage Canada.

Fengate, Mavrek break ground on Chicago project

Toronto-based Fengate Asset Management and Mavrek Development have broken ground on Julep West Loop, a new 25-storey mixed-use residential development in Chicago’s West Loop neighbourhood. The development will deliver 380 residential units.

IRT to buy Centerspace, creating $8.1B REIT

Independence Realty Trust (IRT) is merging with Centerspace to expand it into a 44,000-unit multifamily REIT. IRT will acquire 10,456 units in six states from Centerspace in an all-stock deal giving the REIT a US$8.1B enterprise value.

Number of U.S. large-scale data centres to triple by 2030

The unprecedented artificial intelligence infrastructure building boom continues to come into focus, with the number of large-scale data centres in the U.S. set to jump by more than 200 per cent in just four years.

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