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CAPREIT, ERES close $1.8B in transactions, unveil new deals
CAPREIT, ERES close $1.8B in transactions, unveil new deals
CAPREIT and ERES REIT are ending 2024 in a blizzard of activity, announcing the closures of over $1.8 billion of transactions and two new divestments including the $104-million pending sale of a Montreal apartment portfolio.
New leasing life in Calgary's downtown west office market
Calgary’s downtown office market has experienced elevated vacancy levels for over a decade, and with its lower-class buildings, the west end of the inner city has been particularly hard hit. But there has been some relief of late.
Edmonton outpacing Toronto on housing construction
A strikingly uneven picture of housing construction is emerging across Canada, with some regions surging while others struggle to halt ongoing declines. Annualized housing starts reveal how a smaller western city has outpaced Canada’s largest urban centre in building homes.
Government's fall update shows $61.9-billion deficit
The Liberal government’s fall economic update – which was tabled just hours after Finance Minister Chrystia Freeland’s surprise resignation from cabinet – shows Ottawa overshot its self-imposed deficit cap by more than $20 billion.
Spectre of proposed vacant land tax alarms B.C. developer
A prominent Vancouver-based developer is sounding the alarm on a vacant land tax under consideration by the Department of Finance. Beau Jarvis, president and CEO of Wesgroup Properties said the tax would be "illogical" and could slow housing development.
Toronto considers new zoning rules for corner stores
There could soon be more options to grab a coffee or pick up a pint of milk in your neighbourhood if Toronto city council approves changes to zoning bylaws that would allow more small-scale businesses in residential neighbourhoods.
 | GWL Realty Advisors Office workers are back, and focused on wellbeingGWLRA's recent office tenant survey revealed that tenants are generally back to the office. New from past surveys, tenants especially appreciated building amenities focused on their personal security as well as health and wellbeing. Sponsored by: GWL Realty Advisors |
Manitoba solar panel plant financing ‘very positive’
Canadian Premium Sand is seeking financing to build a proposed $900-million solar panel manufacturing plant in Selkirk. Now, it’s added the possibility of building a similar facility in the United States.
French investor bets on Montreal for new HQ
Montreal now has one more headquarters. French investment firm Jolt Capital plans to invest $40 million to create a semiconductor design company in Montreal that is ready to take the entire North American market by storm.
Catalyst Commons announces expansion
Catalyst Commons, a Kitchener, Ont. co-working space, announces the opening of an expansion to its facility. At over 125,000 square feet, this move is meant to position the Catalyst as the Waterloo Region’s leading hub for entrepreneurial innovation.
RESCON files legal challenge against Toronto Green Standard
Residential Construction Council of Ontario (RESCON) has taken aim at the Toronto Green Standard (TGS), filing a legal application in the Ontario Superior Court of Justice that argues its performance measures should not be imposed on planning applications.
Insurance costs hinder adoption of mass timber: CSBA
The growth of the mass timber construction industry in Canada is being slowed by persistent high insurance rates on wood-frame buildings that are six to 10 times higher than those for conventional steel and concrete structures.
Two rental towers proposed near Vancouver's Burrard Bridge
A new rezoning application by the city’s new Vancouver Housing Development Office aims to see 1,136 middle-income, secured purpose-built market rental homes built, aligning with the municipal government’s strategy to redevelop select under-utilized city-owned properties into market housing.
Canadians sue Airbnb over the fees it charges users
The B.C. Supreme Court certified a class action lawsuit against Airbnb this week in which plaintiffs allege the home-sharing platform is acting as an illegal travel agency and real estate broker.
Competition Bureau clears Rogers' purchase of MLSE stake
Canada’s competition watchdog has cleared Rogers Communications Inc.’s (RCI-B-T) $4.7B acquisition of rival BCE Inc.’s (BCE-T) stake in Maple Leaf Sports & Entertainment, which will give Rogers a 37.5-per-cent stake in the professional sports and entertainment company.
Canadian investor's Atlanta office portfolio sold in foreclosure
A huge swath of office space outside of Atlanta owned by a bankrupt Canadian real estate investor has been seized in foreclosure. The properties were tied to a US$350M CMBS loan provided to Adventus Realty Services.
SoftBank to invest $100B in U.S. AI startups and infrastructure
Softbank Group CEO Masayoshi Son, alongside president-elect Donald Trump, announced a minimum $100B investment into U.S. artificial intelligence and infrastructure. The funding will be deployed over the coming four years.
Brookfield sells $1.6B of manufactured home portfolio
Brookfield (BN-T) sold nearly 80 manufactured home properties to multiple buyers for US$1.6 billion, seemingly indicating it could be exiting the portfolio of 160 manufactured home parks it started buying in 2017.
Citadel's Miami HQ 'will be an iconic building in the world'
A billion-dollar headquarters is being developed for Citadel and Citadel Securities in Miami's Brickell district, which will also feature a luxury hotel along with workspaces for thousands of financial executives and analysts.
Guy Hands’ Annington sells military homes in $10.9 billion deal
Guy Hands’ Annington Property agreed to sell back to the U.K. government tens of thousands of military homes and associated real estate for C$10.9 billion after losing a legal challenge in a test case last year.
Industry Events
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Canada Real Estate Auctions
Jan 01 2025
to Dec 31 2025
Canada
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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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