Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

thankyou@renx.ca
Canada: 1-855-569-6300

12 buildings for sale near Hamilton's McMaster Innovation Park

1 year ago

12 bldgs. for sale near Hamilton's McMaster Innovation Park

Eight properties with 12 small-bay industrial, flex and office buildings totalling 337,004 square feet on 21.2 acres adjacent to McMaster Innovation Park (MIP) in Hamilton are for sale.

UTILE plans another Trois-Rivières student housing dev,.

Construction of a 179-unit affordable student residence close to the Université du Québec à Trois-Rivières (UQTR) campus has been announced; the second student housing project unveiled in the city in recent weeks.

London staff recommends rejecting mixed-use complex

London city staff has recommended rejecting an application by Westmount Shopping Centre owners 785 Wonderland Road Inc to redevelop the site with up to to seven mixed-use buildings with 900 residential units and 322,917 square feet of office space.

Richmond developer proposes B.C. mixed-use complex

Richmond, B.C.-based developer Tien Sher has proposed approximately 11 mixed-use buildings, ranging from six to 12 storeys, near the Penticton Regional Hospital. There would be up to 1,500 residential units in addition to office and retail space.

Two-tower mixed-use Burlington project on hold

A proposal by Burlington 2020 Lakeshore - a Vrancor Group arm - to build 35- and 30-storey towers including a hotel, is on hold due to height, density, parking and tower siting issues raised by Burlington’s building and urban design committee.

HOPA Ports re-creating Great Lakes sites for modern industry

HOPA Ports and partners are reinventing legacy industrial spaces for modern users. Two new projects in Hamilton and Niagara provide the multimodal infrastructure that new industries require.

Sponsored by: HOPA Ports

Kelowna council strips golf course of industrial zoning

Kelowna city council has voted to strip Kelowna Springs Golf Course of its industrial land use designation. Adoption of the designation in the city’s Official Community Plan led Denciti Development Corp. to acquire the 106-acre property.

Denciti proposes six-storey rental building in Victoria

North Vancouver-based Denciti Development Corp. has submitted a rezoning application for a 135-unit,  six-storey rental building on the Victoria site of a bingo hall and two single-family homes. Denciti changed the plans to include two ground-floor live-work units.

Construction underway at CF's 750 Peel in Montreal

Cadillac Fairview has begun construction on 750 Peel, a 500-unit rental tower in the Quad Windsor subdivision near the Bell Centre in Montreal's southwest downtown. The construction of the 35-storey tower will stretch over nearly three years.

Investors dominate condo market in small Ont., B.C. cities

Owners of multiple properties are dominating the condo investing market in smaller cities in Ontario and B.C., new data prepared from the Canadian Housing Statistics Program shows. Real estate investors have been blamed for worsening the country’s affordable housing problem.

EllisDon, DIALOG's hybrid timber floor begins tests

A patented hybrid timber floor system (HTFS) by EllisDon Construction and DIALOG has completed small-scale and fire testing and is now moving on to large-scale tests in Vancouver. HTFS reduces embodied carbon emissions by 25 per cent

Federal Reserve policy could affect REIT stocks

A heightened interest rate environment has brought some weakness to the real estate stocks, but a pause in central bank tightening could cause U.S. REITs to rebound, says Uma Moriarity, investment strategy analyst at CenterSquare Investment Management.

NYC pushes office renovation tax break

A number of policy proposals aimed at turning obsolete offices into badly needed housing didn’t materialize this legislative session, but officials and real estate players hope a new city program could help stanch the office market's bleeding.

Gibson Energy buys Texas export terminal for $1.5B

Calgary-based energy infrastructure company Gibson Energy (GEI-T) announced a $1.5-billion agreement to buy the South Texas Gateway Terminal (STGT). The cash deal includes an export terminal at Ingleside, Texas, at the mouth of Corpus Christi Bay.

Blackstone plans to launch Asia’s largest REIT IPO

Blackstone is planning to launch the IPO of its office portfolio-based REIT in India. It would be the largest REIT IPO in Asia in square footage and the expected issue size of $800 million to $1 billion.

Rate hike uncertainty muddies GTA housing outlook

Listings for houses for sale are trickling into Toronto-area neighbourhoods as real estate prices recover, but an air of restraint is settling over the market, according to Andre Kutyan, broker with Harvey Kalles Real Estate Ltd.

First-time homebuyers' fear of falling short escalating

First-time homebuyers across Canada are increasingly concerned about their ability to afford the down payments for the homes they want, according to a recent survey conducted by Royal LePage (BRE-T) and Environics Research for Sagen MI Canada Inc.

New indicators raise additional housing concerns: CMHC

Canada Mortgage and Housing Corporation (CMHC) has added two indicators to its Rental Market Survey in 2022: a) to measure the share of units that are affordable and b) to measure the average rent for newly rented units.

6,104 Ottawa homes declared empty

6,104 properties have been declared or deemed empty under Ottawa's new residential vacant unit tax, designed to ensure liveable homes don't sit empty. City staff say 3,268 homes were declared vacant by homeowners, while no declaration was received for 2,836.

Industry Events