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Equiton’s Apartment Fund acquires first B.C. property

2 weeks ago

Equiton’s Apartment Fund acquires first B.C. property

The Equiton Residential Income Fund Trust (Apartment Fund) has acquired a 117-unit rental complex in Burnaby from a Vancouver-based private ownership group for $45.625 million. It is the company's first foray into British Columbia.

How Halifax multifamily developers rise to new challenges

GUEST SUBMISSION: While new construction starts in Toronto and Vancouver have significantly slowed, you may be hearing that construction in Halifax is humming along. It is, thanks to the city's unique location and apartment market.

Rogers to sell 9 Canadian data centres to InfraRed Capital

Toronto-based telecom titan Rogers Communications Inc. (RCI-B-T) said it has an agreement to sell nine of its Rogers Business data centres to U.K.-based infrastructure investment manager InfraRed Capital Partners, intending to pay off debt with the proceeds.

TO financial firms file more evictions than other landlords

Toronto financial firms pursue evictions more often than other landlords, a study has found. These landlords - publicly listed real estate companies, REITs and asset managers - file eviction applications for about 11 per cent of tenants in any given year.

Calgary's registered secondary suite number passes 20,000

In its concerted bid to ease an affordable housing shortage, the City of Calgary is claiming success by expanding legal secondary suite numbers, with a legal registry of the units now exceeding 20,000.

Multiplex conversions: Plexcon’s missing middle solution for Toronto

Plexcon's latest Toronto project transforms a single-family home into a modern 4-unit multiplex, adding much-needed missing middle housing to Toronto. This conversion maximizes rental potential while supporting the city's push for smarter, denser residential development.

Sponsored by: Plexcon Construction Inc.

Rents fall for 10th straight month, down 3.6 per cent annually

According to the latest National Rent Report from Rentals.ca and Urbanation, the average asking rent for all residential property types in Canada fell to $2,121 in July, down $4 from June and $80 from last year.

Toronto’s first Simons location marks new chapter: CEO

Canadian department store Simons is opening a flagship store in Yorkdale Shopping Centre today, its first in Toronto. The retailer will spend a combined $75M on the Yorkdale store and another to follow at the Eaton Centre this fall.

A peek inside London's new Mediterranean grocery store

Things have come a long way since late April, when Adonis was still under construction. Back then, the Quebec-based grocery chain’s new 46,000-square-foot location in southwest London on Wonderland Road was little more than the shell of a building.

Developer's plan to turn church into hotel takes next step

A developer’s plan to turn a historic church in downtown Fredericton into a boutique hotel took step forward Monday night, with council passing zoning bylaw changes needed, despite some concern from a neighbouring condo building.

Real estate podcasts

Brandon Sage, Landlord: Lessons from managing properties, Canadian RE Investor
REITs, rent & rage: Canada’s housing tug-of-war, Missing Middle
Vancouver market update, prices drop even further, Vancouver Life RE Podcast

PROREIT's strategic shift to pure-play industrial real estate

The Canadian industrial real estate sector is undergoing a transformative phase. At the forefront of this evolution is PROREIT (PRV-UN-T), a real estate investment trust that has embarked on a strategic pivot to become a pure-play light industrial REIT. 

Advisors recommend InterRent unitholders support takeover

InterRent REIT (IIP-UN-T) has announced that both independent proxy advisors, ISS and Glass Lewis, have issued recommendations that unitholders of the REIT vote in favour of the $4B acquisition bid from Carriage Hill Properties Acquisition Corp. 

N.S. developer misses deadline, risks losing CMHC financing

Developer Elias JeBailey wants to add 39 affordable units to his 360-unit senior housing project in Beaver Bank. The 39 extra units are a requirement from Canada Mortgage and Housing Corporation so JeBailey can get 95 per cent financing.

Losses, but smaller, in Brookfield’s $98B property portfolio

The division of Brookfield that owns a huge portfolio of offices, malls and stakes in funds reported a loss in the second quarter of the year — albeit a much smaller loss than for the same period last year. 

Why this Kansas City cold-storage warehouse may be sign of things to come

Americold has opened a cold storage warehouse in Kansas City in a partnership with railway Canadian Pacific Kansas City. It's Americold’s first import-export hub with a direct link to CPKC, the rail network connecting Canada, the United States and Mexico.

Return-to-office split deepens banking’s transatlantic divide

U.S. and Canadian banks are summoning staffers back to their offices at a faster rate than their European rivals, widening the divide in one of finance’s defining workplace debates since the pandemic.

New York City office visits top pre-pandemic levels

New York City office is finally back. Office visits in the Big Apple surpassed pre-pandemic levels for the first time last month, with visits up 1.3 per cent this July compared to July 2019, according to a study from Placer.ai.

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