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SkyDev breaks ground on 3-tower Barrie apt. development

2 weeks ago

SkyDev breaks ground on 3-tower Barrie apt. development

Construction is underway on the first phase of Sky Towers, a master-planned apartment development that will ultimately bring 928 rental units to Barrie, Ont.

Toronto's dying office market threatens mega-projects

Toronto's office market has struggled since the pandemic emptied out commercial buildings. A sustained lack of demand for new office space in Canada's financial heart threatens to keep several high-profile megaprojects on the back burner for years to come.

AG's report blasts $2.3B Ontario Place redevelopment

Costs to taxpayers have soared because Premier Doug Ford‘s controversial Ontario Place redevelopment scheme was “not fair, transparent or accountable” — and his use of Minister’s Zoning Orders is haphazard, the auditor general has found.

Checking in: Trends and opportunities in the hotels sector

Adam Jacobs
Senior National Director, Research, Colliers Canada

DT Hamilton developments stuck in holding pattern

Highrise developers are trying to ride out “painful” market downturn as Hamilton looks to breathe more life into its core. A number of major projects are at a standstill, including IN8 Development's plan for 2,200 units next to Jackson Square.

A call for swift and flexible capital solutions for 2025’s Canadian CRE market

With 2025 on the horizon, the Canadian commercial real estate investment market presents a unique blend of challenges and opportunities for the year ahead.

Sponsored by: Trez Capital

Rental developer sentiment varies from region to region

The Canada Mortgage and Housing Corporation’s 2024 Canadian Rental Housing Construction Survey shows there’s improved conditions for purpose-built rental development in some regions of the country, but it’s not so favourable in others.

Waterloo to subsidize ‘unprecedented’ 1,000+ home project

Waterloo council said a unanimous yes Monday to subsidizing 1,010 homes beside the RIM Park recreation complex. City hall will provide $20 million in land for free to a charity that aims to build the homes.

Thrive opens new data centre in Montreal

Thrive, a global technology outsourcing provider for cybersecurity, cloud and IT managed services, has announced it will be opening a Montreal-based SOC 2 certified data centre to support its private cloud offering. 

Retailers are betting on discount. Will the momentum last?

Discount grocery stores have long been a draw for budget-conscious consumers, but with rising food prices and a higher cost of living, even those who once filled their carts without a second thought are now seeking ways to trim their grocery bills.

Dynamite CEO never expected IPO to reach such value

Andrew Lutfy has just achieved what no other Quebec entrepreneur has done in three years: list a local company on the Toronto Stock Exchange. "The company is on track to reach a value I never dreamed of," he said.

HOOPP names Annesley Wallace as its next CEO

The Healthcare of Ontario Pension Plan has named Annesley Wallace as its next chief executive officer, reaching outside the organization to choose a leader with expertise in infrastructure investing and strategy.

Is Canada running out of time to make its buildings net zero?

The 13 office buildings in Richmond, B.C.’s Airport Executive Park – a business park located on 35 acres of green space – date back to a time when climate change and carbon footprints weren’t part of mainstream discussions.

Construction begins on 3D-printed buildings in Gananoque

Construction has begun on the 3D-printed buildings, which were approved by Gananoque’s council under Mayor Ted Lojko in 2022. Designed and planned by the Horizon Legacy Group, the project is using new construction technologies to create environmentally-friendly affordable housing.

Colliers grows debt facility to $3.2B as optimism sets in

Colliers is gearing for growth, expanding its available debt by $703M (US$500M) as brokerage firms broadly predict 2025 will mark a pivot point for the sector. The Toronto-headquartered brokerage will expand its borrowing capacity to $3.2B.

Valley National sells $1B of property loans to Brookfield

Valley National Bancorp offloaded nearly $1 billion of property loans to Brookfield Asset Management. The bank, which sold the performing loans at a discount of about 1 per cent to par value, will remain responsible for customer-facing servicing duties.

Compass to buy Christie’s property business in $444M deal

Compass agreed to buy Christie’s International Real Estate and other businesses in a transaction valued at US$444 million. Compass will pay for the deal with US$150 million in cash and $294 million in Compass stock.

CRE job market is improving, but the 'explosion' won't come until 2026

It has been a hard year to work in commercial real estate. Things are looking up, with two rate cuts and more seemingly on the horizon bringing an expected market turnaround. Uncertainties around macro events like the election have been settled, allowing decision-makers to act with more confidence.

Seattle developer defaults on renovated downtown office towers

Firms tied to Martin Selig Real Estate are in default on a more than $200 million loan backed by two of its most prized office properties., according to letters from lender Acore Capital. 

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