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Epic Investment Services execs become majority shareholders
Epic Investment Services execs now majority shareholders
Toronto-based Epic Investment Services is now 100 per cent employee owned, with managing partner and CEO Craig Coleman and managing partner, CFO and COO Laetitia Pacaud becoming the firm's majority shareholders.
Huge Downsview Airport redevelopment gets a name: YZD
Toronto’s largest redevelopment property has a new name: Northcrest Developments has selected YZD as the branding for the series of communities it is developing on the 370-acre former Downsview Airport lands.
What the 1990s RE crisis can teach us about today's market
GUEST SUBMISSION: Picture a time characterized by aggressive lending practices, substantial value adjustments, a severe liquidity shortage, and high borrowing rates, except it’s not the 1990s – it’s 2024.
Inflation falls to 2.5%, paves way for another interest rate cut
Canada’s annual inflation rate fell to 2.5 per cent last month, solidifying expectations for another interest rate cut in September. Shelter costs remain the main inflation driver but fell to 5.7 per cent, down from 6.2 per cent in June.
Office, multires towers planned near Van.'s VCC-Clark station
The new rezoning application from the ongoing partnership between PCI Developments and Low Tide Properties, proposes a 19-storey office tower on the west side of the property and two 35-storey purpose-built rental housing towers on the east side.
Cost of Calgary conversion doubles due to engineering issues
Converting Calgary’s historic Barron Building from an office to residential structure is on track to cost developer Strategic Group over double the original budget due to major complications during construction, its CEO says.
 | MIPIM Be part of the Canadian Delegation to MIPIM 2025Be part of the Canadian Delegation for MIPIM 2025 next March in Cannes. Exhibit with the CREA Pavilion or the Montreal/Quebec Pavilion. Participate as a delegate and take part in Canada's networking events. Sponsored by: MIPIM |
Couche deal machine kicks into higher gear with 7-Eleven bid
Alimentation Couche-Tard Inc.’s (ADT-T) approach to the parent company of the 7-Eleven convenience store chain is the most ambitious idea yet by a company that was built on making one deal after another.
Spruce Lake Industrial Park expansion moves to next stage
A controversial industrial park expansion proposed near Saint John will move to the next stage. The proposed industrial park would see 643 hectares given to the city from the province, and rezoning of a further 420 hectares for industrial use.
Proposal for Etobicoke combines industrial units and storage
A new commercial development potentially headed for Toronto's borough of Etobicoke could provide 28 industrial and office condo units and a five-storey self-storage warehouse. If approved, the development would add much-needed industrial space.
Capital gains on private corporations tweaked in new draft
Draft legislation implementing the controversial increase to the capital gains inclusion rate has clarified how private corporations should handle accumulated tax-free amounts. The clarifications concern the capital dividend account in the 2024 tax year, which has two capital gains inclusion rates.
‘Canada’s Bernie Madoff’: The rise and fall of Greg Martel
Greg Martel was a mortgage broker who coached his kid’s hockey team and pledged money to charity. By the time he owed investors $317 million, he was nowhere to be found.
A look at TOD in six Metro Vancouver municipalities
In passing its Transit-Oriented Development Area (TOA) legislation late last year, the British Columbia government set up an inevitable tug-of-war with municipalities, some of which immediately decried the perceived provincial overstep into their jurisdiction.
Developers opt for rental projects over condos in Kelowna
For years, development in Kelowna was skewed to the condo market. Over the past year, as interest rates climbed and incentives, both from the city and federal government strengthened, the development market has done a 180-degree turn.
39 storeys proposed near Fairbank Station on Eglinton Line 5
Amid the growing development proposals along Toronto's soon-to-open Eglinton Line 5 Crosstown LRT, the latest proposal would bring a 39-storey tower to Oakwood Village. The tower would be between the Oakwood and Fairbank stations.
B.C.-based T&T Supermarket plans to open a third U.S. store
The Richmond-based T&T Supermarket chain is planning to open a third store in the U.S. The company, now controlled by Canada’s George Weston Ltd., has secured a location at the Westgate Centre in San Jose, Calif.
Wells Fargo to sell $475B loan servicing portfolio to Trimont
Wells Fargo (WFC-N) will sell most of its commercial mortgage servicing business to Trimont LLC, ceding the title of biggest U.S. commercial and multifamily mortgage servicer to the Atlanta-based firm. Trimont will take over servicing about $475B of loans.
Kroger seeks to block FTC case against $24B Albertsons acquisition
Kroger is seeking to block the Federal Trade Commission’s in-house case against its proposed purchase of rival grocer Albertsons, claiming the proceeding is unconstitutional. The FTC challenged the aquisition by suing to block the largest supermarket merger in U.S. history.
Office owners consider demolitions as conversion challenges mount
As class-B and -C offices empty out, owners are getting increasingly nervous. Most dream of giving their buildings new life by converting them to apartments, especially in a city like New York. Others are wrestling with the wrecking ball.
KKR acquires 2M-sq.-ft. industrial portfolio for $377M
KKR has purchased an industrial portfolio of about 2 million square feet across six class-A logistics assets in gateway and Sun Belt markets for $377 million. Capital accounts advised by KKR funded this investment.
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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