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GWLRA lists GTA building, modernizing multifamily portfolio
GWLRA lists GTA building, modernizing multifamily portfolio
As GWL Realty Advisors modernizes its multifamily portfolio, the Toronto-based firm has listed another large apartment property for sale. The twin-tower The Diplomats in Burlington is to be sold and the proceeds reinvested in development and "core holdings".
Taza Park to feature over 1M sq. ft. of commercial, retail space
Taza Development Corp. has announced its Taza Park project will contain over one million square feet of commercial and retail space and more than 6,500 residential units — one of three large communities planned for southwest Calgary.
InterRent faces activist campaign led by hedge fund Anson
Activist investor Anson Funds has launched a campaign for change at InterRent REIT (IIP-UN-T) that potentially puts the Ottawa-based apartment owner up for sale, as acquisition-hungry private equity funds place a greater value on rental properties.
Colliers gives 'underpaid' CEO stock awards valued at $69M
Toronto-based Colliers International Group (CIGI-T) gave billionaire chief executive officer Jay Hennick a compensation of $73.9M (US$51.3-million) in 2024 after it commissioned a study that concluded he was underpaid compared with CEOs of similar companies.
Inside the collapse of a Hamilton RE investment firm
Forge & Foster once boasted $400 million in real estate under management before its epic collapse. Founder Joe Accardi blames a tiny-homes dispute with Hamilton in part for a ‘financial crisis’ — and he has vowed to go to court.
Calgary embraced office conversions: Is it working?
Calgary's Greater Downtown Plan committed $153 million to office-to-housing conversions. In the program’s first round, the city approved 13 conversion projects with four under review before exhausting its allocation.
Public hearing next month for massive Jericho Lands plan
The biggest single property development project in recent Vancouver history will go to a public hearing in April. MST Development Corp. is planning for up to 28,000 people in 66 highrises, some up to 50 storeys, at Jericho Lands.
Vancouver leads nation in highrise development charges
Vancouver has the country’s highest development charges for highrise buildings. That’s according to a report from the Conference Board of Canada, which found that development charges can add $125,600 to an 800-sq.-ft. condo.
Vancouver's hotel market is hot, but tariffs bring uncertainty
Vancouver remains the hottest hotel market among Canada’s major urban regions, continuing a trend that has solidified in recent years following the pandemic. This dominance is reflected in Vancouver’s strong lead across key metrics, according to Avison Young’s new report.
Toronto mulls deferring condo dev. fees in face of tariffs
In the face of a housing development slowdown and a rapidly developing trade war, Toronto city hall is proposing new financial breaks for condo developers whose projects have sputtered to a halt.
Latest aluminum and steel tariffs hit RE, manufacturing
More pain is on tap for homebuilders and manufacturers as U.S. tariffs on imported aluminum — and the counter-levies Canada is lobbing back — drive up costs. Anything that adds to building costs is bad news for RE developers.
PSP buys $2.4B+ stake in Ontario's Highway 407
Public Sector Pension Investment Board is making its largest-ever investment in Canada with a $2.4B upfront payment plus an undisclosed deferred payment to acquire a piece of Ontario’s 407 ETR toll road from Canada Pension Plan Investment Board.
Couche-Tard takes the fight for 7-Eleven to Japan
Couche-Tard’s (ADT-T) latest prey is proving elusive: Six months after making a surprise bid for the Japanese owner of the 7-Eleven chain, there is no deal yet. Executives held a press conference in Tokyo today to push their case.
Grocery retailer Empire reports $146.1M Q3 profit as sales rise
Empire Co. (EMP-A-T) says it earned a third-quarter profit of $146.1-million as its sales rose during the period. The parent company of grocery retailer Sobeys says the profit amounted to 62 cents per diluted share.
Blackstone, CPP venture eyes sale of New York property debt
A joint venture that includes Blackstone and Canada Pension Plan is seeking to sell roughly US$395 million of commercial-property loans in the New York area, offloading some of the Signature Bank debt that it bought in 2023.
Extell teeing up $1.3B for 'The Torch' supertall
Extell Development has lined up financing that could allow it to move forward on a supertall mixed-use hotel in the New York's Theater District, equipped with an observation tower and high-elevation, 260-foot drop ride.
Signs of life for office sector as smaller investors start spending
The U.S. office sector has taken its lumps since the onset of the pandemic, but some commercial real estate investment professionals are seeing evidence that the tide is turning on office dealmaking — at least in certain markets.
Retail’s 2025 outlook: A tale of diverging trends
The outlook for the retail sector and its bricks-and-mortar locations is decidedly mixed, strikingly so across different categories, according to Datex Property Solutions’ latest report. Retail merchants are paying higher occupancy costs, hitting levels not seen in over six years.
Industry Events
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Canada Real Estate Auctions
Apr 01 2025
to Dec 31 2025
Canada
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Western Canada Apartment Investment Conference
Apr 22 2025
Vancouver Convention Centre
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Apr 23 2025
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May 27 2025
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Sep 08 2025
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