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Armco to buy Calgary's Stephen Avenue Place, 2 adjacent retail sites
Armco to buy Calgary's Stephen Avenue Place, retail sites
Nova Scotia-based Armco Capital Inc., which has already acquired several downtown Calgary properties in recent years, is set to buy Stephen Avenue Place as well as the Kraft Building and Venator Building, according to court documents.
The impact of Toronto’s hot class-AAA office market
Toronto’s class-AAA office segment is thriving and a recent event organized by Deloitte and Urban Land Institute Toronto at Deloitte’s downtown Toronto office looked at how it’s impacting the Greater Toronto Area’s overall market.
Immostar, Primaris acquire two retail sites for $62.3M
Quebec developer Immostar and Toronto-based Primaris REIT (PMZ-UN-T) have acquired two retail properties near Les Galeries de la Capitale in Quebec City for $62.3 million, transactions which grant total control over the site and could translate into future development.
Netflix opens 110,000-square-foot office in Vancouver
With the opening of a new 110,000-square-foot office in Vancouver, Netflix has further confirmed that “Hollywood North” is a dominant player in the animation business. The new purpose-built building is located on East 5th Avenue in Mount Pleasant.
National downtown office vacancy rate drops to 18.2%
Net office leasing was positive in six out of 11 Canadian cities over Q1, according to the Q1 2026 Canada Office Figures report published by CBRE. The national downtown office vacancy rate dropped to 18.2 per cent.
Intelcom doubles its Montreal office size with new HQ
After opening two distribution centres in just a few months, the Quebec-based parcel delivery giant Intelcom has signed a new lease in Montreal. This time, it's for office space to house its rapidly growing workforce.
 | Colliers Canada Colliers’ new Integrated Asset Management offering will elevate clients’ service experienceFollowing its 2025 acquisition of Triovest, Colliers in Canada created Integrated Asset Management, managing the full real estate lifecycle – from acquisition and development to leasing, property management and disposition – to maximize cash flow and returns. Sponsored by: Colliers Canada |
Microsoft’s $19B investment boosts Ontario data centres
Canada is receiving a $19-billion investment from Microsoft. Currently, the company’s Canadian data centres employ 2,000 people during construction, with more than 400 Canadian businesses involved in the development phase.
Is this the end of green building standards in Ontario?
The Ontario government is taking another swipe at green standards while nixing a requirement for municipalities to build climate change goals into their official plans. Ontario took a run at green standards in 2025 housing legislation that yielded contradictory interpretations.
Over 84,000 Ontario houses are owned by businesses
More than 84,300 houses across Ontario – around the number you’d find in Markham – were owned as investments by businesses or for-profit government entities such as public-sector pension funds in 2023, according to data from the Canadian Housing Statistics Program.
Vancouver approved more than 12,500 new homes last year
The City of Vancouver approved more than 12,500 new housing units in 2025, significantly higher than its annual target of 8,300 and well ahead of the pace needed to meet provincial requirements for new construction.
47-storey tower proposed for Square One District
A site plan approval application has been submitted to the City of Mississauga for a 47-storey mixed-use tower at 100 City Centre Dr. in the Square One District by Oxford Properties Group.
EV-maker BYD plans 20 car dealerships in Canada
BYD Co. is opening some 20 sales locations with partners in Canada this year as the federal government is considering Chinese auto-industry investments to reduce dependence on the United States.
FCNQ expanding Montreal warehouse with $26M renovation
Nunavik’s Co-op store is more than doubling its warehouse space in Montreal with help from the federal government. The expansion adds almost 105,000 square feet of storage and office space to the current 96,875-sq.-ft. space.
Quebec rental housing manager finishes $5M in retrofits
Société immobilière Bélanger has finished retrofitting 49 rental housing buildings in Quebec City and Lévis as part of a $5-million project, upgrading the energy efficiency of over 1,300 units and reducing their carbon emissions.
Real estate podcasts
Tyler Ashby, GroundBreak Ventures: PropTech and affordability, CRE Podcast
Nick Bakish, Group RMC: From distressed assets to destination offices, TEN
Mike Czestochowski, Josh Lerner and Sharon Florian: Toronto Under Construction
La Caisse to form European logistics JV with Prologis
La Caisse has signed a deal with Prologis Inc. to form a joint venture focused on acquiring, developing and operating logistics properties in Europe. La Caisse will hold a 70 per cent stake, while Prologis will own 30 per cent.
Whitestone REIT to be taken private by Ares in $1.7B deal
Whitestone REIT will be acquired by funds managed by Ares Management Corp. in an all-cash deal valuing the U.S. shopping centre owner at about US$1.7 billion, the company said on Thursday, sending its shares 11 per cent higher.
Marsh’s Mercer raises $3.8 billion for private investments
Marsh & McLennan Cos’ Mercer has raised just over US$3.8 billion for private investments. The fund will invest in private equity, private debt infrastructure and real estate, according to a statement reviewed by Bloomberg News.
Kevin Durant-led group buying 515-acre former Six Flags
NBA superstar Kevin Durant is leading a team of investors to buy and redevelop the shuttered Six Flags amusement park in the county where he grew up. Six Flags put the property up for sale in May.
Industry Events
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Montréal Real Estate Forum
Apr 14 2026
to Apr 15 2026
Palais des congrès de Montréal -
BOMA 2026 CRE Symposium
May 07 2026
Dieppe, NB -
Western Canada Apartment Investment Conference
May 12 2026
Edmonton Convention Centre -
Edmonton Real Estate Forum
May 13 2026
Edmonton Convention Centre -
Land & Development
May 27 2026
Metro Toronto Convention Centre - North Building
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