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BMO buys 3-building Ontario industrial portfolio from Morguard
BMO buys 3-building Ontario ind. portfolio from Morguard
BMO Life Assurance has acquired a three-building industrial portfolio in Brampton and Burlington, Ont., from Morguard, its latest move into acquiring real estate assets it will wholly own.
$3B solar panel plant in works in Manitoba
The province has agreed to work with Germany's RCT Solutions on a $3-billion solar panel manufacturing operation in rural Manitoba, but the access to the key ingredient for the project — pure quartz — is still in question.
Airbus to build delivery centre in Mirabel
Airbus is preparing to increase its footprint in Mirabel with the construction of a $44-million, 48,000-square-foot delivery centre for the A220s. There are also plans to develop an office annex of some 12,250 square feet.
Self Stor Storage opens facility in Mississauga
Self Stor Storage has opened a "next-generation" storage facility in the heart of Mississauga. At the crossroads of Erin Mills Parkway and Britannia Road West, the facility is strategically positioned near major highways, including Hwys. 401 and 407.
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MPI Group proposes enlarged student housing development
The MPI Group has submitted a revised plan for a redevelopment at 294 Sherbourne St. The superkül building, near Toronto Metropolitan University and designed as a student residence, would stand 20 storeys and comprise 185 units accommodating 392 beds.
Modular master-plan communities fill retirement market gap
Freeport Industries, a modular manufacturer based in Westbank, B.C., is carving a deep niche in supplying smaller but traditional-looking homes to master-plan retirement communities as baby-boomers downsize but snub multiresidential buildings or condos.
The deterioration of West Van.'s Ambleside Village
OPINION: The commercial zone on Marine Drive is located in tony West Vancouver, home to 42,000 living in some of the most expensive real estate in Canada. However, Ambleside Village’s commercial district has been long deteriorating.
T.O.'s Chinatown faces gentrification, affordability threats
Toronto’s Chinatown stands as a testament to the enduring spirit, vibrant culture and contributions of the city’s Chinese community. But will it survive another generation? Chinatowns across North America are facing threats of gentrification and affordability and anti-Asian racism.
McArthurGlen Outlet Mall near Vancouver thrives
McArthurGlen Designer Outlet Vancouver has experienced an 18 per cent increase in visitor numbers year-over-year, and an impressive 11% visitor increase compared to pre-pandemic levels in 2019. Foot traffic has remained high with 70 per cent of shoppers locals.
Google parent signals end to massive CRE cutbacks
In a sign it could be winding down efforts to cut its real estate footprint, Google parent company Alphabet has dramatically slashed the amount of real estate-related impairment costs it is paying out to close offices.
Crane collapses near Hudson Yards; 11 hurt
Eleven were reportedly injured after a construction crane near Hudson Yards in Manhattan partially collapsed, hitting a nearby building and dumping debris on the street. A fire broke out on a crane on the construction site around 7:30 a.m.
How hedge funds would trade global real estate woes
U.S. and European commercial property markets face lingering office vacancies, diminished retail activity and higher refinancing costs, while investors are wary of highly indebted Chinese property. Five hedge funds shared five trading ideas on global property markets.
Dalfen buys million-sq.-ft. Houston logistics park
Dalfen Industrial has purchased Fairbanks Logistics Park, a recently completed, class-A industrial park totalling one million square feet in Houston. Affinius Capital provided a $90.6 million, variable rate acquisition loan.
Vancouver to hold public hearing on zoning proposal
Vancouver City Council voted to send a policy allowing as many as six homes on almost any residential lot to public hearing. Some criticize the proposal as insufficient, while others say it’s a threat to affordability and neighbourhood aesthetics.
Mortgage lenders brace for 'challenge'
Credit unions and cooperatives are negotiating with customers to lengthen mortgage amortization periods to give them breathing room, or working out a schedule for increased payments to avoid accumulating more debt that will have to be paid down the road.
Population increase threatens hotter housing: TD
The most commonly identified pressure point for Canada's booming population is housing, already facing an affordability crisis. TD estimates that if the high-growth strategy continues it will widen the housing shortfall in Canada to 500,000 units in just two years.
Toronto housing market hits the brakes
VIDEO: John Pasalis, president of Realosophy Realty, talks with Financial Post’s Larysa Harapyn about how Toronto’s housing market has hit the brakes. He discusses why the market is cooling down as we head into the summer and more.
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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