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Cameron Stephens creates accelerated CRE lending program
Cameron Stephens creates accelerated CRE lending program
Cameron Stephens Mortgage Capital has launched an Accelerated Lending Program that aims to provide an under 15-day commitment process for single advance inventory, term, bridge and land loans of up to $15 million.
Dream Residential to be sold to Morgan Properties for $491M
Dream Residential REIT (DRR-UN-T) has an agreement to be acquired by an affiliate of U.S.-based Morgan Properties for approximately $491 million (all figures Cdn) in an all-cash transaction.
Canadian retail rents steady despite tumultuous start to year
Retail rents held steady in the first half of what’s been a tumultuous year for Canadian consumers, merchandisers and mall landlords. CBRE Canada’s survey of nine retail formats across 11 markets finds relatively little rent slippage.
Court monitor is against plan to sell HBC leases to Ruby Liu
The court-appointed monitor overseeing the Hudson’s Bay’s creditor protection case says it opposes landlords being forced to accept a B.C. billionaire’s plan to buy more than two dozen of the retailer’s leases.
RioCan’s exec shares strong outlook for retail
Retail leasing across Canada continues to show strength, with high occupancy and growing demand from necessity-based and traffic-driving retailers, according to Moshe Batalion, vice-president of leasing, national at RioCan (REI-UN-T).
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Fraser Downs racecourse closes for mixed-use redev.
B.C. is now down to just one remaining horse racecourse, following the sudden closure of Fraser Downs. The property is already being eyed for a major mixed-use redevelopment, which formed the basis of the Surrey’s decision to terminate the lease.
A new inn is in the works just outside of Banff National Park
A new place to stay is in the works just outside of Banff National Park. The Banff Legacy Inn, located at 950 Harvie Heights Rd., just outside of Canmore, will feature 132 units across 12 buildings.
A $90M debt and a 25% price cut: The Chloe foreclosure sale
Once touted as Paris-inspired luxury, a newly finished Kerrisdale condo project is now in receivership, with 24 units hitting the market at steep discounts — a rare case that offers a glimpse into broader pressures facing B.C.’s condo market.
Ontario brokerage collapse raises questions about oversight
The collapse of the fourth-largest real estate brokerage in Ontario, with close to $8-million missing, is raising questions in the industry about whether its financial oversight regulations are adequate.
Fewer offices, more apts. for Edmonton’s government district
The Financial Building nestled in Edmonton's government district was once bustling with downtown workers. But when six floors of provincial government employees moved out, Stromiga Inc. couldn't find new tenants and the offices sat empty for two years.
Deep Sky's Alberta carbon capture site begins operations
After 12 months of construction, Deep Sky has started operations at Alpha in Innisfail, Alta., where the company is testing technologies to filter carbon dioxide from the atmosphere for long-term underground storage.
6-tower housing project approved by Ottawa committee
The City of Ottawa’s planning and housing committee approved the proposed construction of a six-tower highrise complex that would create about 1,770 housing units along Coventry Road near the St. Laurent Shopping Centre.
Dual highrises proposed at TO's Marlee and Viewmount
A cluster of highrise proposals is set to reshape the blocks west of Glencairn subway station. At 351–377 Marlee Ave., Tonlu Properties and the Rinomato Group of Companies are seeking approval for a two-tower mixed-use complex.
35-storey condo proposed on Sheppard West near Bathurst
Thirty-five storeys are being proposed on Sheppard Avenue West east of Bathurst Street in Toronto’s Bathurst Manor neighbourhood. 1000967286 Ontario Limited has submitted a rezoning application for a condominium tower.
Real estate podcasts
Kelsey Boland, Fitzrovia: The student housing shift, CRE Podcast
Matt Dixon, Low Tide: Hospitality, community and the new office standard, TEN
Beau Jarvis, Wesgroup: Building into crisis, Vancouver RE Podcast
Lowe’s to buy Foundation Building Materials for $8.8B
Lowe’s Cos said on Wednesday it has agreed to buy interior building products distributor Foundation Building Materials for nearly $8.8-billion, stepping up its expansion into the professional builder market.
Modular construction hits 9% of multifamily starts — expected to grow
Modular construction made up 5.1 per cent of U.S. construction in 2024 and is projected to grow 4.5 per cent annually. The multifamily sector has led the charge, with modular accounting for 8.8 per cent of apartment starts last year.
‘Crazy vacancies’ force Boston landlords to challenge valuations
Owners have challenged assessed values for 388 commercial buildings in the district that includes downtown Boston this year, according to city data obtained through a public records request. That’s an 83 per cent jump from 2024.
Return-to-office update: Cities closing the post-pandemic gap
Visits to the offices across the United States continued their upward trajectory in July, Placer.ai reports, noting that two bellwether markets, New York City and Miami, have effectively returned to levels of visits last seen just before the pandemic.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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RealREIT
Sep 10 2025
Metro Toronto Convention Centre
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Montréal du Futur
Sep 24 2025
to Sep 29 2025
World Trade Centre of Montreal
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