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IN8 finds niche for high-density development in GTA-area cities
IN8 finds niche for high-density dev. in GTA-area cities
A glut of high-rise developers in Toronto spurred the managers of IN8 Developments to ply their trade further afield, and it’s proving a judicious choice.
Ocgrow plans retail, commercial at Cochrane's Greystone dev.
Calgary-based Ocgrow Group of Companies is planning a 300,000-square-foot retail and commercial development at the largest master-planned community under construction in the Town of Cochrane, just west of Calgary.
GTA condo sales down 51% from 2022 levels: BILD
Greater Toronto Area condominium sales so far this year are down 51 per cent from 2022 totals, according to the latest report from the Building Industry and Land Development Association (BILD).
Montreal's Brunswick Medical Centre for sale
The Brunswick Medical Centre, northeast of Montreal's Fairview Pointe-Claire shopping centre, is for sale by GMF-R. The sale is to include the building and the clinics it houses. The centre underwent a $20-million expansion about four years ago.
First look at Southern Ontario's 2M-sq.-ft Amazon facility
After two years of construction, Amazon Canada can see the finish line at its robotics fulfillment centre (YXU1) in Southwold Township, Ont. Employees will work alongside the latest advanced Amazon Robotics technology in the two-million-square-foot plant.
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Empire's Maverick rises in T.O.'s Entertainment District
Empire Communities' Maverick, at 333 King St. W. in Toronto's Entertainment District, has risen prominently, targeting a final height of 49 storeys. The Arcadis-designed building will provide 318 condominium units and 10 market-rate rental units, along with retail at grade.
Gemterra proposes 26-, 41-storey mixed-use towers
Markham-based Gemterra Developments is pushing forward with plans to bring a multi-tower, mixed-use condo complex to Scarborough’s Agincourt Centre. The 26- and 41-storey Teeple Architects-designed towers would include 813 condo units, including 249 two-bedrooms and 88-three bedrooms.
Nine sites set as feds offer $500M loans for Van. rentals
Federal Housing Minister Sean Fraser recently announced the government will provide nearly $500 million in low-cost loans to developers to build up to 1,100 rental units across nine sites in Vancouver.
B.C. prepared to 'go it alone' on Van.'s $1B SRO strategy
B.C. Housing Minister Ravi Kahlon says the provincial government is prepared to "go it alone" on a $1-billion strategy to buy and renovate single-room-occupancy hotels in Vancouver, if the federal government doesn't commit to provide a significant investment.
Greenbelt may only be beginning of Ont. land-use problems
OPINION: The Ontario auditor general’s report on the Greenbelt removals was damning enough, finding all kinds of problems with the process. We’re concerned that the provincial land use planning policies are equally problematic.
HBC converts Eglinton Square location to outlet store
Hudson's Bay announces the return of the Hudson's Bay Outlet. The Eglinton Square store now features outlet deals and prices on brands and products across home and apparel, including accessories, intimates and footwear for women, men and children.
Landlords with $1.2T of debt face rising default risks
About $1.2 trillion of debt on U.S, commercial real estate is “potentially troubled” because it’s highly leveraged and property values are falling, according to Newmark Group. Offices account for over half the $626B set to mature by 2025.
WeWork assembles team to avoid bankruptcy
WeWork Inc. is rounding up advisers for help with a restructuring as it struggles with a heavy debt load and poor financial performance, according to sources. The company is seeking to avoid a Chapter 11 bankruptcy filing,
Roark Capital acquiring Subway for $9B-plus
Roark Capital has won the race to acquire sandwich chain Subway after seeing off a late challenge from a rival bid group led by TDR Capital and Sycamore Partners. The deal values Subway at more than US$9 billion.
McMaster-Carr to open $360M HQ, distribution centre in DFW
The Dallas-Fort Worth industrial market is set to expand, as McMaster-Carr Supply Co. is planning to invest a total of $360 million to establish a regional headquarters and distribution centre in the metro.
Real Estate market eases back into balance: RBC
The Bank of Canada’s back-to-back interest rate hikes, hot weather and forest fires may have put a damper on the housing market, with sales edging down in July for the first time in six months, according to RBC economists.
Banks’ profits pressured by slower mortgage growth
Canada’s big bank results are expected to bring to light a number of challenges as lenders set aside funds in a tough economy that has led to a slowdown in deal making and forced borrowers to rethink new mortgages.
Quebec short-term rental site rules in effect Sept. 1
Certain rules of Bill 25, aimed at combating illegal tourist accommodation in Quebec, will come into force on Sept. 1. Offending platforms could face fines up to $100,000 per illegal ad.
Halifax considers changing demolition rules, taxing empty lots
To help keep more housing in the city, Halifax regional voted in favour of having staff study the potential impacts of disallowing demolition until a building permit is issued and establishing an empty lot tax within the service boundary.
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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