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TAS gets OK for 12-storey, 189-apt. Leslieville development
TAS gets OK for 12-storey, 189-apt. Leslieville development
TAS, which bills itself as “an unconventional impact company,” has planning department approval to build 189 rental units in a 12-storey tower, along with seven townhouse units, at 880 Eastern Avenue. Ground is to break in the spring.
Ontario may return Ajax sites to Greenbelt
Premier Doug Ford is gearing up to thwart the sale of land in Ajax that was removed from the Greenbelt because a company called Buena Vista Development is trying to sell 765 and 775 Kingston Rd. E. in Ajax.
Downtown Ottawa office vacancy rates surpass 15%
According to CBRE, Ottawa’s downtown vacancy rate in the second quarter was just over 15 per cent. That’s below the national average of 18.1 per cent, but it’s the highest in Ottawa since CBRE began tracking the stat in 1996.
 | Design, Policy and Canadian Cities The future is urban, and it is tall, even for used-to-be small towns like OakvilleNaama BlonderArchitect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP |
OpenForm proposes 33-storey condo tower in Burnaby
OpenForm Properties Ltd. is proposing a 33-storey condo tower at 6470 to 6508 Silver Ave., with five townhomes at the base of the tower and an adjacent six-storey rental building, according to a City of Burnaby staff report.
LCH proposes 10-storey, mixed-use in Scarborough
LCH Developments' revised proposal for Cliffside Condos at 2328 through 2350 Kingston Rd. calls for a 10-storey, mixed-use development blending residential with live-work units and retail at grade. The RAW Design building would house 205 residential units.
 | Self Stor Storage Grand opening for Self Stor Storage Mississauga. Bigger and bolder.Self Stor Storage is proud to announce their latest self-storage facility. Opening in the heart of Mississauga, at Erin Mills Parkway and Brittania Rd. Open to the public starting August 14th. Sponsored by: Self Stor Storage |
Traffic plan for Van.’s Senakw dev. kept secret: Residents
Vancouver city hall, Squamish First Nation and Westbank Developments are keeping citizens in the dark about how traffic to and from the largest residential development in the city will affect area streets, says the Kits Point Residents Association president.
Calgary Co-op is upping its game
For a 67-year old retailer, Calgary Co-op isn’t easing into its senior years. In fact, as CEO Ken Keelor tells it, Calgary Co-op is undergoing a period of “major transformation” that he says will help future-proof the business.
L.L. Bean opens first Quebec store
U.S. outdoor-gear giant L.L.Bean held the grand opening Friday in St-Bruno of the first of two planned suburban Montreal locations. The 18,000-square-foot store at Promenades St-Bruno will be followed by an 11,500-square-foot location at Faubourg Boisbriand Sept. 29.
Currency exchanges mushrooming across Canada
Taken aback by a jump in the number of currency exchanges along a six-block strip of Marine Drive, the Ambleside Business Improvement Association is pressing West Vancouver council to restrict the outlets.
Lowering noise levels and emissions in construction
BUILDING A CLEANER CANADA COLUMN: Historically, construction in single-family areas was minimal. Multifamily construction was usually sidelined to areas where multifamily developments already existed, like Vancouver’s downtown core and major arterial roads.
Hersha Hospitality to be taken private in $1.4B acquisition
Private equity firm KSL Capital Partners is acquiring Hersha Hospitality Trust (HT-N) in a $1.4B all-cash deal, paying 60% over Hersha’s closing share price from Friday, the companies announced Monday.
64% of NYC WeWork locations in older buildings
In Manhattan, 64 per cent of WeWork's leases are in class-B and class-C buildings, according to Avison Young, leaving many landlords who are ill-equipped to deal with replacing a major tenant caught in the crosshairs.
Markets slowdown hits biggest buildings the hardest
Property sales worth between $5 million and $25 million dropped 29% year-over-year in the first half of 2023, Green Street's Real Estate Alert reports. For properties worth over $25M, transactions are down 61% over the same interval.
After $9.6B sale, what’s next for Subway’s footprint?
CEO John Chidsey said Subway's $9.6 billion sale to private equity firm Roark Capital reflects Subway’s long-term potential, but Brandon Isner, CBRE head of Americas retail research, said most new growth would probably come from outside the U.S.
Canada might have largest housing bubble of all time: Analyst
Phillip Colmar, managing partner and global strategist at research firm MRB Partners — which has offices in Montreal, New York and London — has analyzed housing bubbles across the globe and flagged Canada as potentially having the most concerning one.
More homeowners extending amortization periods
RBC disclosed 43 per cent of its Canadian residential mortgages had an amortization period of longer than 25 years, as of July. That’s up from 40 per cent a year earlier, and just 26 per cent in January 2022.
Ontario sticking to 2016 market values
Ontario will again rely on 2016 market values to apportion property tax in 2024. Finance minister Peter Bethlenfalvy filed a regulation to postpone property reassessment for another year, thus stretching the assessment cycle to double its originally intended time span.
Deadly Montreal fire being investigated as arson
Montreal police are now leading a criminal investigation into the March fire that killed seven people in the city’s Old Port neighbourhood after finding evidence that it was started deliberately, the force announced on Monday.
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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