Recent Articles
Investors are all-in on retail strip centres, from coast to coast
Investors are all-in on retail strip centres, from coast to coast
Strip malls around the country, especially those with grocery stores and drug stores, are proving to be a hot asset with demand increasing and prices rising, commercial brokers tell RENX.
Vantage buys second Hamilton condo development site
Vantage Developments has acquired a development property at 98 James St. S. in Hamilton for $13 million after it was placed in receivership last August. The downtown site marks Vantage’s second acquisition in Hamilton.
Looming tariffs could wreak havoc on homebuilding industry
Looming U.S. tariffs are threatening to throw the Canadian homebuilding industry into turmoil, with developers predicting higher construction costs and broken supply chains, along with a potential recession that would slam the brakes on new home purchases and investment.
Real estate executives prepare for potential trade war
Michael Markidis, an analyst with Bank of Montreal who follows the Canadian REIT sector, said that while the tariff risk was priced in, to some extent, for publicly traded real estate companies, there could be repercussions if a recession hits.
Fengate acquires two B.C. retirement communities
Fengate Asset Management has closed on two seniors housing properties in Vancouver, B.C. The acquisition marks Fengate’s and Seasons Retirement Communities’ first venture into the B.C. market. The two properties offer 295 rental suites and 88 managed condominium suites.
High costs hamper hotel development in Vancouver
High construction costs make Vancouver a challenging market. According to Bosa Properties, which has projects on the books downtown and in the Broadway corridor, the all-in cost of building a four-star hotel in downtown Vancouver is $900,000 a room.
North American Steel Floor slab & pallet racking: Key for industrial successThe foundation of an industrial building impacts racking safety and efficiency. With increasing building heights and dense racking systems, slab strength often lags, creating risks. Learn why floor slabs are vital for operational success and tenant satisfaction. Sponsored by: North American Steel |
Shato buys Willowbrook Park shopping centre for $137M
Less than six months after it was listed for sale, the Willowbrook Park shopping centre in Langley, B.C. has been sold. The open-air shopping centre sold for $137 million in Q4 2024 to Shato Holdings, according to Cushman & Wakefield.
Is 'brownfield' still a four-letter word?
Even 21 years after the recommendations made by the National Roundtable on the Environment and the Economy and the work completed by many visionaries across the property development space, the idea of brownfield redevelopment still invokes negative reactions by many.
Mixed-use redevelopment plan proposed for GTA golf course
A Brampton golf club could be partially lost to a proposed large-scale redevelopment. The plan for Turnberry Golf Course proposed by York Major Holdings and Vardon Flyer Athletics would add residential towers up to 29 storeys and four commercial buildings.
Concert resubmits Sunnybrook Plaza site with three towers
A resubmission by Concert Properties for a mixed-use development on the northeast corner of Eglinton Avenue East and Bayview Avenue in Toronto’s Leaside neighbourhood would bring three residential towers - one with rental suites and the other two with condos.
Three-tower proposal near Cooksville GO & Hurontario LRT
CentraCondos Group has submitted a proposal for three residential towers up to 31 storeys at 69-117 John St., just east of Hurontario Street in Mississauga’s Cooksville neighbourhood, close to the eponymous GO station.
Burquitlam highrise now includes non-market units
Following some quibbling over definitions, Coquitlam council unanimously gave final approval to a change that will lock in 54 non-market units in a 37-storey tower. The tower was initially earmarked for market rental units.
Bond Redux project hopes to build up DT Winnipeg
The Winnipeg Goldeyes may be getting a new neighbour — and architects hope the proposed development will spur area revitalization. The long and narrow stretch of land at 151 William Stephenson Way sits unused in a sea of parking lots.
Have government grants impacted Canada's rental supply?
While the Canada Mortgage and Housing Corporation has forecast 2.3 million new housing units by 2030, true affordability would require an additional 3.5 million homes. The most significant housing supply gaps are in Ontario and British Columbia.
National Bank's CWB takeover will accelerate its growth
Canada’s sixth-largest lender has closed its deal to take over Canadian Western Bank (CWB), allowing National Bank to significantly expand its footprint west. Prior to the deal, 80 per cent of National Bank’s personal and commercial business was in Quebec.
Dalfen Industrial expands portfolio with Dallas-Fort Worth acquisition
Dalfen Industrial has bolstered its holdings with the off-market acquisition of an industrial property just three miles south of Dallas-Fort Worth International Airport. Financial details of 130,000-square-foot cross-dock facility acquistion were not released.
'Doom loop' for Florida condos sets in
The South Florida condo market is now flooded with aging units. There were 19,000 active condo listings in South Florida at the end of last year, 86 per cent of which are condos 30 years or older, according to ISGWorld.
Lender files for $500M foreclosure on massive NYC apartment portfolio
Months after defaulting on a CMBS loan backed by dozens of apartment buildings, one of New York City’s largest multifamily owners, A&E Real Estate Holdings, is now in jeopardy of losing the properties.
Commercial real estate: Is 2025 going to be different?
The CRE market has been battered for the past few years, but the sector could see a moderate recovery in investment activity in 2025 as inflation eases and some global central banks loosen monetary policy.
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