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Walmart plans $6.5B investment; sells fleet services division
Walmart plans $6.5B investment; sells fleet services division
Walmart Canada has announced a $6.5-billion investment in Canada over the next five years, which it says includes “dozens of new stores across the country”, and the openings for several previously announced new facilities.
Chartwell buying Montreal retirement complex for $136M
Chartwell Retirement Residences has signed a deal to buy a retirement residence complex in Montreal for $136 million. Under the deal, Chartwell will acquire Rosemont Les Quartiers, which includes several connected buildings, just east of downtown Montreal.
Surrey City Centre's skyline in the future
Under Metro Vancouver Regional District’s regional growth plans, the Whalley area in Surrey has been designated as the region’s secondary metropolitan core, only preceded by Vancouver's downtown, and known as the Surrey Metro Core, Downtown Surrey, or Surrey City Centre.
‘Gateway’ site near Hwy. 401 in Kitchener raises concerns
A two-tower proposal for a King Street site near Highway 401 in Kitchener is raising concerns among councillors and area residents. The LJM Developments proposal would see a mixed-use development with 726 condos, office and commercial space built.
Kingston council to consider zoning for Purdy's Mill dev.
Kingston council is to consider a rezoning request for the next phase of Homestead Land Holdings' development on Purdy's Mill Road which includes 17-, 13- and 16-storey buildings, four four-storey midrises and 109 single-detached houses, semi-detached houses and townhouses.
 | National Bank National Bank’s real estate business building momentumNational Bank successfully launched a licensed real estate services brokerage in 2024. NBF Real Estate Services Inc. added property sales and NBF Mortgage Brokerage Services Inc. added a licensed mortgage brokerage to its suite of advisory services and capital markets expertise. Sponsored by: National Bank |
Capital sources needed as traditional RE lenders pullback
The pullback from traditional lenders in the real estate market is poised to create a serious need for capital. “To a certain extent, banks [and other large capital providers] have generally been overexposed to real estate,” said Ken McKinnon, equity partner with IMC.
Discount, conventional grocery gap narrowing: Metro CEO
After completing its billion-dollar supply chain transformation, Metro Inc.'s (MRU-T) plan to grow its store network is underway. Metro is opening a dozen new stores this year, with two conversions already completed in the first quarter of fiscal 2025.
U.S. firm Cox Enterprises buying Canadian greenhouses
Cox Enterprises Inc., a family-owned corporation and one of the largest U.S. cable providers, is in the midst of an ambitious strategy to establish a North American supply and distribution network for greenhouse cucumbers, peppers and other produce.
A major vertical farming project in turmoil
Vertical farming project Ferme d'Hiver in Vaudreuil-Dorion, into which Quebec injected $32 million, is in financial turmoil. The company, which aimed to replace 10% of Canada's strawberry imports by 2025, is now in discussions to resume operations.
Guzzo gets one-week reprieve
Against all odds, Guzzo Group has obtained a last-minute, one-week reprieve on the closure of its establishments. The firm claims to be on the verge of obtaining emergency financing that would allow it to settle most of its debts.
Toronto building with horrible reputation faces more issues
A relatively newly built residential complex in Toronto, The Dundas Square Gardens, a 50-storey tower at 251 Jarvis Street, is apparently gunning for the title of worst building in the city, with new problems compounding years-old pains.
Vancouver CRE cap rates stable despite uncertainties
Capitalization rates are stable in Vancouver’s CRE sector despite rapid economic developments surrounding trade policy, interest rates and the dollar. Cap rates are steady mainly due to low transaction volumes, says Michael Emmott, CRE advisor at Avison Young.
Canada's CRE still facing headwinds amid lower rates
Commercial real estate still faces headwinds after the Bank of Canada’s move to lower interest rates, according to CRE experts at BDO, Avison Young Canada and Colliers Canada, with some expecting the move to spur increased transaction activity.
NG producers consider data centres for off-grid power
Some natural gas producers are still hoping to lure data centre developers to Western Canada by offering bespoke alternatives to relying on congested power grids - even as the artificial intelligence sector’s perceived endless appetite for electricity comes into question.
Welltower affiliate to acquire NorthStar Healthcare for $900M
NorthStar Healthcare Income, Inc., an internally managed, public, non-listed REIT that owns a diversified portfolio of U.S. seniors housing properties, is being acquired by an affiliate of Welltower in an all-cash transaction valued at US$900 million.
U.S. federal RE authority to redevelop 250-acre Washington site
The body created to shrink the federal real estate portfolio has zeroed in on a 250-acre property just south of the National Mall, a cluster of aging federal buildings where a redevelopment proposal had been gaining momentum.
Two in-progress U.S. office HQs to keep an eye on in 2025
The editors of Building Design+Construction have analyzed over 40 recent office and office-to-residential projects and selected two in-progress sites to keep an eye on as they near completion in 2025.
Office report: Sector faces ongoing challenges into 2025
The office sector faces another challenging year in 2025, as the post-pandemic transformation continues to unfold, according to the latest CommercialEdge report. The national office vacancy rate surged in 2024 and is unlikely to decline despite return-to-office mandates.
Industry Events
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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CBRE Capital Lenders' Forum 2025
Feb 25 2025
Metro Toronto Convention Centre
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Canada Real Estate Auctions
Mar 01 2025
to Dec 31 2025
Canada
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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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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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