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Mondev sells Montreal's Laurence apartment for $135M

2 weeks ago

Mondev sells Montreal's Laurence apartment for $135M

An unnamed European family office represented by Canadian Urban Limited has purchased Laurence, a 230-unit mixed-use purpose-built rental apartment in Old Montreal, from developer Mondev for approximately $135 million.

Crown sells 3-building Ottawa office portfolio to Brasswater

Brasswater Inc. has purchased a three-building, 290,000-sq.-ft. office portfolio in Ottawa from Crown Realty Partners. Crown announced the closing of the sale in a statement released this morning.

Insights from the Québec City market

GUEST SUBMISSION: While suburban development continues, an increasing share of Québec City’s new housing supply is coming from the redevelopment of existing sites and underutilized land and buildings in established areas...

75-storey rental proposed amid area highrise boom

There are certain pockets of Toronto that seem to demand developers’ attention, and the Yonge and Isabella area in the heart of Church-Wellesley Village is one of them. New plans from Cromwell Management and Grace Management Inc. are particularly high-achieving. 

Developer seeks to add hotel rooms, more condos to tower

Pinnacle International’s 55-storey Vancouver tower was originally approved in 2020 and included condos and social housing. Now, the developer has applied to increase the height to 67 storeys and add 206 hotel rooms to the project.

The land brokerage playbook is being rewritten. Montreal's Landerz is leading the way.

Better data, off-market inventory, and AI-powered analysis — this is what modern land brokerage looks like.

Sponsored by: Landerz

Ontario condo authority taps Kate Lamb as new CEO

Amidst a challenging condo market, Kate Lamb will join the Condominium Authority of Ontario as its new chief executive officer and registrar on June 1. The move comes as the condo market continues to suffer from a severe downturn. 

Ontario strong mayor powers yield mixed housing results

Ontario granted strong-mayor powers to more than 200 local governments, from big cities to tiny rural townships. Did strong-mayor powers actually build a significant number of homes across Ontario?  A comprehensive Toronto Star analysis reveals that they did not.

See Vancouver's Sen̓áḵw towers, from the inside out

This week, the first residents will begin moving into the first tower of Vancouver's Sen̓áḵw towers, Canada’s largest Indigenous-led housing development. Take a look inside and outside the massive development, which includes 11 towers and more than 6,000 rental units.

Windsor to consider CBC building demolition for housing

Plans to demolish the former CBC News Windsor building and replace it with a 1,602-unit housing development will be reviewed next week by Windsor city council’s heritage standing committee. The historic property was sold by the CBC in 2014.

Halifax stadium fails to gain traction

An ambitious plan to build a stadium and entertainment hub near Halifax appears to be on shaky ground. A local business leader says talks last year with Ridgehaven Holdings fell apart when it became clear the bid lacked key elements.

Sprawling 'food destination' plan in Mississauga

A former Highland Farms property in Mississauga is being transformed into a sprawling 176,000-sq.-ft. international grocery and food destination complete with live seafood tanks, cafés, prepared foods, wholesale offerings and “1,000 feet of chocolate.”

Merrithew opens Pilates flagship at Yonge and Bloor

The opening of STOTT PILATES arrives as Toronto experiences growing momentum in the Pilates and boutique wellness category, with operators increasingly pursuing premium urban locations across neighbourhoods such as Yorkville, King West and downtown Toronto.

Partnership or acquisition offered for Etobicoke mall

Colliers Private Capital Investment Group has brought a major Etobicoke redevelopment site to market, offering investors the opportunity to partner in or acquire 900 The East Mall on behalf of Harhay Developments

Real estate podcasts

Jim Ritchie (Tridel), Hunter Milborne (Milborne) on today's CRE realities, TUC
Johannes Van Leenen, Fifth Avenue: Inside western Canada’s RE shift, VCREP
Vlad Volodarski, Chartwell: Demographic behind next CRE boom, CRE Podcast

Caesars taken over by Fertitta in $5.7B deal

Real estate mogul Tilman Fertitta’s years-long quest to buy Caesars Entertainment Inc. is finally paying off: His firm struck a US$5.7 billion, all-cash deal for the Las Vegas company on Thursday.

SL Green, Mori partner on Manhattan office tower

SL Green Realty Corp. is teaming up with Japanese developer Mori Building Co. to construct an office tower near Manhattan’s Grand Central Terminal. The new building will stretch 46 storeys and have roughly 850,000 sq. ft. of rentable space.

Institutional investors following each other back into the office market

Investment giants like SL Green and BXP are wading back into the office market, and more are expected to follow. Office investment sales reached US$20.5B in Q1 of 2026, a 38.6 per cent increase from last year.

Hotel execs bullish on D.C. conversions, but not new builds

Developers are seeing plenty of opportunity in the Washington, D.C., hotel sector this year. But it’s not in new construction. Rather, due to the high costs of building, developers are leaning on conversions.

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