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A rare sight: Ground broken for Toronto's 60-storey Q Tower condo

2 weeks ago

A rare sight: Ground broken for 60-storey Q Tower condo

Lifetime Developments and DiamondCorp are advancing toward the construction of a rare development in Toronto these days. Q Tower is a 60-storey, 980-unit condominium on the site of a former parking garage at 200 Queens Quay W. 

CRE transaction activity forecast to take big jump: CBRE

CBRE’s Canada Real Estate Market Outlook for 2026 forecasts a significant jump in investment activity, mergers and acquisitions in the coming year. It also contains more good news for the country's office sector – particularly in Toronto.

Amazon buys 50 acres for Edmonton fulfillment centre

Tech giant Amazon has acquired a large industrial property in Edmonton and has plans for a new fulfillment centre. Amazon Canada Fulfillment Services ULC acquired the 50-acre site for $39.7M in late 2025.

City-owned rental towers greenlit in Vancouver

A City of Vancouver-spearheaded project, that will generate 1,089 secured purpose-built market rental homes on the 1.8-acre property owned by the municipal government at the southwest corner of Burrard Street and Pacific Street, has now been greenlit.

Block-long redev. plan for Vancouver’s Granville strip

A revised proposal for a block-long redevelopment of the Granville Street strip that includes upgrading the iconic Commodore Ballroom goes before Vancouver city council Feb. 10 at a public hearing. Bonnis Properties has applied to rezone 13 parcels of land.

Bridge mortgage financing in the current real estate environment

In 2025, Firm Capital celebrated its 38th anniversary while the publicly traded Firm Capital Mortgage Investment Corporation (FC -T) completed its 27th year of being public since its October 1990 initial public offering.

Sponsored by: Firm Capital

10 major Vancouver developments set to complete in 2026

It's typical for developers to have projects at various stages. However, at present, many development projects are still lingering under construction – namely, the last wave that reached the construction phase before the market downturn.

Fora moves ahead with site plan approval on T.O. project

With zoning approved in 2024 for a three-tower development at 2400 Dundas St. W. in Toronto’s West Bend neighbourhood, Fora Developments recently submitted a Phase 1 Site Plan Approval application for the project.

Toronto’s effort to build more multiplex housing hits a snag

Early development applications for small-scale apartment projects have met with sharply contrasting responses. The reasons have to do with the way the builders are responding to the new major streets policy and whether these projects actually represent minor variances.

New condos are losing their appeal in Montreal

In the greater Montreal area, a new condo can sometimes cost up to 30 per cent more than an equivalent condo built a few years ago. This is enough to discourage buyers and builders from constructing them.

Fortress Mountain launches ambitious reopening plan

A long-term plan for Fortress Mountain envisions gondolas, more than a dozen ski lifts and a massive cross-country ski facility. The plan is the first to come forward under Alberta's recently-passed All-Seasons Resort Act.

Downtown office vacancy rate in Saskatoon rises to 19%

Saskatoon’s downtown office vacancy rate climbed last year to one of the highest in Canada, defying a national trend and reversing direction from the year before. Vacant office space downtown jumped to 19.4 per cent in the last quarter of 2025.

Edmonton retailers favour the suburbs, CBRE report finds

Edmonton’s retail rental market has been flipped on its head from times of old, offering space and low prices downtown while outskirt communities have limited vacancies and steep prices.

Orbis Mortgage Group and Indi form joint venture

A new joint venture between The Orbis Mortgage Group and Indi, The Independent Mortgage Company, is set to create one of the largest independent mortgage brokerage platforms in Canada.

Real estate podcasts

Faron Brazis, Hobbs Brook: Office destinations outside city centres, TEN
Alan Haigh, Impact: Interest rates, lending and what comes next, VCREP
Developer pull back will result in home prices increasing, Vancouver Life RE 

CPP, OMERS look to exit U.K.'s biggest port operator

Two Canadian pension giants plan to sell their stakes in Associated British Ports in a deal that they hope will value the U.K.’s biggest ports operator at more than £10 billion ($18.5 billion.)

Brookfield puts up $173M to refinance Brookfield Place tower

Brookfield Corp. is coughing up a bundle of cash to refinance a piece of its most valuable office property. The investment giant has lined up an US$800M CMBS loan for 225 Liberty St., a 44-storey tower.

Fortress eyes $5B milestone for new deals in CRE credit

Fortress Investment Group says rival lenders are running shy of a US$4.5 trillion market for property loan refinancing, putting its CRE credit business on track to achieve a US$5B milestone for new deals by end-2026.

Detroit’s $2.2B RenCen overhaul to reshape familiar skyline

Detroit’s iconic skyline, as seen from Canada, is headed for its most significant transformation in decades. For nearly half a century, the Renaissance Center has dominated Detroit’s skyline with its cluster of towers unmistakable from Windsor’s waterfront.

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