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RBC fund completes $1.035B in transactions with QuadReal
RBC fund completes $1.035B in transactions with QuadReal
RBC’s Canadian Core Real Estate Fund has completed its fifth portfolio transaction with QuadReal Property Group, a two-part deal involving the acquisition of an interest in 40 assets for $860M and the divestment of five assets for $175M.
Freed to develop 196 condos at Collingwood's Blue Mountain
When Freed Hotels & Resorts launches sales for Freed Blue Mountain at Blue Mountain Village near Collingwood, it will represent the first major development at the Ontario resort in two decades. The project is to comprise 196 condos plus retail space.
Vancouver developers struggle with wave of insolvencies
Developers in Vancouver are facing a confluence of economic and regulatory factors that are financially stressing projects and making insolvencies more common. Even if developments don’t fail, they may require a restructuring to make financial sense.
Falling rates boost Vancouver office sales: Avison Young
Vancouver's office market is seeing more sales as investor confidence grows and interest rates continue their downward trend. While 2023 saw only 14 office transactions over $5M, the first half of 2024 saw 16 sales, totalling nearly $700M.
 | Acconto Financial Corporation Acconto's novel lease deposit financingAcconto Financial Corporation is excited to promote its novel specialty loan offering to small- and medium-sized enterprises. Acconto assists tenant-businesses by providing a point solution through the funding of up-front lease deposit and pre-paid rent amounts during the leasing process. Sponsored by: Acconto Financial Corporation |
Retail thrives amid polarization - luxury and value sectors rise
VIDEO - Canada’s retail industry is on the cusp of a transformative period, marked by a wave of construction and new brand entrants, according to Michael Kehoe, broker of record at Fairfield Commercial Real Estate.
Uniqlo opens five new stores across Canada this fall
Japanese fashion retailer Uniqlo opened five new stores across Canada this fall, cementing its growing presence in the Canadian market. This latest expansion includes high-profile locations in Ontario, British Columbia and Quebec.
BoC official warns against playing with mortgage rules
The Bank of Canada’s senior deputy governor is warning against adjusting mortgage rules to try to make the prospect of homeownership more affordable. Carolyn Rogers delivered a speech Wednesday on the mortgage market to the Economic Club of Canada.
Some Legion branches struggle to keep doors open
A Montreal Royal Canadian Legion branch meets once a week in a community centre space it rents by the hour, less than 500 metres from the elegant brick building it sold over a decade ago when costs got too high.
Teen entrepreneur starts self-storage business in N.S.
Nineteen-year-old Jase Lachowiez has long been interested in business, finance and real estate. When he heard about a lack of self-storage facilities in Sydney, he set out to meet that need, opening CoastGuard Self Storage last month.
Vrancor plans apartments in old Hamilton industrial building
Hamilton megadeveloper Vrancor plans to transform a century-old industrial building, where a chequebook manufacturer once operated, into apartments. The firm aims to create 39 units in the two-storey brick building on Stirton Street.
More focus on family-sized units for Toronto proposal
Graywood Developments and KingSett Capital have made changes to their plan for The Notable, a proposed 50-storey condo located a block southeast of the intersection of Yonge and St. Clair in Toronto’s Deer Park neighbourhood.
Popular Vancouver pub to be redeveloped into rental housing
A popular drinking hole in Vancouver’s Kitsilano neighbourhood will be redeveloped into a mixed-use development with rental housing. Local developer Hungerford Properties has submitted a new development permit application for a six-storey building with 68 secured purpose-built market rental homes.
Lionstone offloading $5.5B in assets as parent company plans exit
A Houston-based CRE firm is offloading US$5.5B worth of assets as its parent company plans to exit the business amid reports of leadership conflict. Ameriprise Financial plans to wind down Lionstone Investments, its U.S. real estate investment subsidiary.
Blackstone strikes $4B deal for shopping-centre landlord
Blackstone (BX-N) agreed to buy Retail Opportunity Investments Corp. in an all-cash deal valued at about US$4 billion. The purchase price is US$17.50 a share, the companies said in a statement Wednesday.
REITs left behind in the post-election day stock market surge
The surge in the stock market following Donald Trump’s historic U.S. election victory didn't extend to publicly traded real estate owners, many of whom saw their share prices drop Wednesday.
How AI firms are reviving office space demand
Notion is the latest AI technology firm to lease office space for its new headquarters in San Francisco. The deal includes 105,000 square feet across five floors within Brookfield Properties’ Monadnock Building at 685 Market St., multiple media outlets reported.
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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