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Tridel moves to cancel One Bloor West presales, plans 2026 relaunch

2 weeks ago

Tridel moves to cancel One Bloor W. presales, plans relaunch

Despite the state of the Toronto condo market, values remain much higher than seven years ago. As a result, Tridel and the court-appointed monitor for One Bloor West are seeking to cancel almost all existing presale agreements, court filings show.

Sienna buying The Hygate seniors living facility in Waterloo

Sienna Senior Living (SIA-T) continues to focus on Ontario with its 2025 acquisitions, announcing on Thursday a $93.3-million agreement to purchase The Hygate on Lexington in Waterloo, containing 216 units. It's Sienna’s fifth acquisition across Ontario this year.

Housing shortages may worsen, developers warn

A coalition of development industry leaders is sounding the alarm over what was not included in the federal budget this week, suggesting that housing shortages will worsen due to the lack of programs to spur construction.

Can the budget really spur $500B in private investment?

Business and investment leaders said the federal budget’s focus on spurring $500-billion of private-sector investment by 2030 sets the right tone, but reaching that target will hinge on whether Ottawa creates the right conditions to see projects through.

Debunking coworking myths: What brokers need to know

From commissions to client stability, brokers have more reasons than ever to put coworking space on the table.

Sponsored by: iQ Offices

Allied REIT earnings hit by Toronto's slow office recovery

The back-to-office trend has not yet boosted the fortunes of Allied Properties REIT (AP-UN-T) as the company reported increased interest costs and slow leasing activity in Toronto led to a net loss of $113.4 million in the third quarter.

CIBC analyst recommends a strategy with these REITs

CIBC analyst Dean Wilkinson reviewed the REIT market and reiterated top picks while Scotiabank analyst Mario Saric attempts to forecast the new budget’s effects on the apartment REIT subsector.

Winnipeg sees asking prices for industrial properties soar

Winnipeg industrial assets saw the greatest year-over-year gains in asking prices in Q3. The city saw an 18.7 per cent increase in the period, CBRE Ltd. reported in its quarterly review of markets earlier this month.

New downtown Vancouver hotel and restaurant in early 2026

Developer Amacon will open a new boutique hotel property in the Burrard Heights area of downtown Vancouver in early 2026. The Arden Hotel is a full conversion and expansion of a 1972-built, six-storey medical office building.

Construction on major new London neighbourhood begins

Construction has begun on a major development in London, Ont. The Legacy Village project from developer Old Oak Properties will be the largest residential development in London's history when it's finished.

Real estate podcasts

Jamie Cooper, Dream: Predictability over hype, CRE Podcast
Ryan Wong & Tony Liu, Wong & Liu Valuation Group: Appraising 2025, VCREP
Why the condo bubble burst could lead to better housing, The Decibel

Calgary builders say high fees in redev. areas hinder work

Calgary boasts some of the lowest municipal development charges for new residential development in Canada, a report prepared by Altus Group last year shows, but not all new construction is made equal across the prairie city.

Now that condo prices are down, gov't should buy them up

OPINION: Back in the 1970s, condos helped expand home ownership to families who couldn’t afford a house. Later, they became the epitome of speculation. With condo prices falling, the federal government could turn a share of them into non-market housing.

Here’s what real estate pros say now about New York’s next mayor

Real estate executives said they are trying to find the best steps forward under a new political reality: Zohran Mamdani, a democratic socialist, is now mayor-elect of New York City.

Homebuilders bet on 1% mortgage rates to wake up U.S. buyers

In markets across the U.S., homebuilders sitting on unsold inventory are subsidizing mortgage rates so heavily they sometimes match the record lows from the pandemic. That’s in addition to perks like free appliances, finished basements and zero closing costs.

U.S. regional banks weather CRE storm, office loans continue to lag

U.S. regional banks' commercial real estate loan books are proving broadly resilient despite worries sparked by a handful of soured loans, but the office sector continues to be a pain point, analysts said.

Blackstone scores rare premium in Boston office sale

Blackstone Inc. sold an office building in Boston’s Back Bay neighbourhood, eking out a modest premium over its original purchase price in a rare deal for the city’s struggling commercial property market.

Industry Events