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Toronto High Park development site sold to Hepsor, Elysium
Toronto High Park development site sold to Hepsor, Elysium
Hepsor and its Canadian partner Elysium Investments have acquired a development property in Toronto’s High Park neighbourhood on which there are plans to construct a two-tower residential project.
Skyline Apartment REIT buys new builds in Quebec, B.C.
Skyline Apartment REIT has acquired two newly built properties, in Mascouche, Que. and Parksville, B.C., in recent weeks as it methodically works to strengthen a portfolio that already offers considerable prospects for revenue growth.
Winnipeg offers $40M to assist Portage Place redevelopment
The City of Winnipeg is prepared to provide $40 million worth of grants and tax relief to True North Real Estate Development over the next 25 years to help the purchase and $650M redevelopment of Portage Place mall.
Couche-Tard discusses higher price for 7-Eleven owner
Alimentation Couche-Tard (ADT-T) is discussing improving its takeover proposal for Seven & i Holdings Co. with the goal of convincing the Japanese convenience store operator to start engaging in talks, people with knowledge of the matter said.
Liberty Village rental tower approved for 44 storeys
A plan from Collecdev-Markee Developments and Shiplake Management Company, has been approved for a 44-storey mixed-use rental building at 80 Lynn Williams St. in Liberty Village, which would make it the tallest proposal in the neighbourhood.
Ottawa planning committee approves Stittsville towers
A contentious Stittsville highrise project that includes a 21-storey tower has been approved by Ottawa’s planning and housing committee. The proposal from Montreal-based Devmont calls for two buildings with 431 residential units.
 | Diverso Energy Mastering geothermal for multi-res: A playbookMany developers are turning to geothermal energy, to future-proof assets against strict green standards and rising carbon taxes. While installation can be daunting for newcomers, Diverso Energy’s "playbook" is designed to ensure your project stays on track and within budget. Sponsored by: Diverso Energy |
Kitchener highrise plan should be rejected, city planners say
Kitchener city planners say the proposed design for a 20-storey highrise should be rejected. In a report to be presented to planning committee Monday, staff recommends against zoning bylaw amendments for the Mill Street proposal.
'If office towers come back, they should connect to their area'
OPINION - TD Terrace, the office tower at Front and Simcoe Streets in downtown Toronto, is glintingly new and yet a relic of a past age. It originated in that distant period before 2020 when our civilization still built office towers.
Central Okanagan industrial vacancy rate jumps 28%
Central Okanagan’s industrial vacancy rate increased 28 per cent over the past year, thanks largely to new developments and caution from investors and business owners. Kelowna’s metropolitan industrial vacancy is 4.1 per cent, according to Colliers' mid-2024 report.
Street disorder threatens viability of B.C. retailers: Poll
Business Improvement Areas of British Columbia, a coalition representing over 70 business districts, has released a startling new poll. A staggering 97 per cent of businesses reported increased operational costs over the past five years driven by security concerns.
Red Lobster restructuring keeps 27 restaurants in Canada
A Canadian court has cleared the reorganization plan of Red Lobster that will see the seafood chain exit bankruptcy. The restructuring is expected to allow all 27 restaurants in Canada to remain open among 544 total locations which will continue.
More height, heft in redesigned Davisville Station proposal
A resubmission for the redevelopment of 25 Imperial St. in Toronto’s Davisville Village, bumps the condo complex to 21 storeys while increasing the size of the floor-plates (enabled by the developer’s purchase of an adjacent property).
Burnaby Lake Village plans for six buildings in Phase 1
The Burnaby Lake Village master-plan community by Peterson and Create Properties continues to progress at a steady pace. The development is set for 6800 Lougheed Highway, an 18.81-acre site located adjacent to the Millennium Line SkyTrain's Sperling-Burnaby Lake Station.
Westbank plans 3 towers at Vancouver East Village project
Vancouver's notorious Downtown Eastside is set for a makeover, under a proposed redevelopment plan for E. Hastings Street. Westbank and Promerita Group's plan includes a 39-storey and 38-storey rental tower, plus a 19-storey social housing tower.
$1B San Fran tower revival clouded by lawsuit against developer
One of San Francisco’s most iconic buildings is celebrating its reopening after a four-year, $250 million makeover meant to symbolize the city’s renewal. It’s doing so under the shadow of a lawsuit from one of its key tenants.
Werner, Karasick default on $525M loan tied to Midtown NYC tower
The owners of the landmark Mobil Building didn't pay off a CMBS loan tied to the building when it matured. Real estate investors David Werner and Mark Karasick bought the leasehold for the 42-storey tower in 2014.
U.S. REITs outperformed broader markets in August
The FTSE Nareit All Equity REITs Index outperformed broader markets in August, posting a total return of 5.4 per cent as the Russell 1000 and Dow Jones U.S. Total Stock Market rose 2.4 per cent and 2.1 per cent, respectively.
Posh RE deals boom in high-flying municipal bond market
High-end real estate developments are tapping the municipal bond market, leading to a slew of so-called luxury dirt deals and fuelling returns for investors willing to take on the risk. The deals are sold exclusively to sophisticated investors.
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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