Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

thankyou@renx.ca
Canada: 1-855-569-6300

Privacy Policy
Terms of Use
Alberta Atlantic Canada Banff British Columbia Calgary Charlottetown Edmonton Greater Montreal Halifax Hamilton International Jasper Lethbridge Manitoba Metro Vancouver National Nova Scotia Ontario Ottawa Quebec Quebec City Saskatchewan Saskatchewan Toronto / GTA Winnipeg Yukon / NWT / Nunavut

Recent Articles

Firm buys 50% interest in seven Crombie retail properties

5 years ago

RENX   •   • 

Firm Capital Property Trust (FCD-UN-X) has bought a 50 per cent interest in seven Canadian retail properties from Crombie REIT (CRR-UN-T) for $41.6 million. Firm calls the acquisition “transformative”, expanding its portfolio by about 19 per cent to $263 million in holdings.

RENX   •   • 

ROOT Data Center is expanding capacity at its two Montreal facilities as CEO AJ Byers predicts the city’s data centre market could grow by 200 to 300 per cent during the next 12 months.

 • 

In just three years, the value of Calgary’s downtown office towers dropped by more than $12 billion, plunging city tax revenues by $300 million. That has some business leaders suggesting it’s time to shift the burden onto Calgary’s residential property owners.

 •   •   • 

Canopy Growth Corporation (WEED-T) has been granted a licence by New York State to process and produce hemp. Canopy Growth also outlined its commitment to establish a hemp industrial park, investing between $100 million and $150 million US.

Marcus & Millichap

 • 

It was meant to be a place for the people. However, Ontario Place was also built without building permits. The idea was first pitched by then Progressive Conservative premier John Robarts in August 1968.

 • 

City planning is often about big visions: shaping city blocks and transit routes and skylines. Hamilton planner Jason Thorne focuses his energy on small and intangible things that create a sense of place and pride.

 •   • 

The National Capital Commission has granted the parties involved in a dispute over a plan to build a community featuring a new downtown arena for the Ottawa Senators more time to resolve their differences before cancelling their development agreement.

 • 

When it opened last week, York University’s McEwen Building raised the architectural culture of a campus that has come a long way since the nasty brutalist days of the 1968 Ross Building.

Chicago Title

 • 

Two buildings could be given heritage status against the wishes of their owners when Winnipeg’s historical buildings committee meets Wednesday. Owners of the Monte Cassino Court and the 123-year-old Masonic Temple oppose the designation.

 •   • 

SmartCentres REIT (SRU-UN-T) announced it has entered into an agreement to sell 6,400,000 variable voting units on a bought deal basis at a price of $31.25 per trust unit to a syndicate of underwriters.

 •   • 

I’ve named Brookfield Property Partners L.P. (BPY.UN-T) my top pick for 2019. First and foremost, I want to own great underlying assets. And Brookfield Property Partners delivers. Brookfield also has one of the largest real estate portfolios in the world.

 •   • 

Granite REIT (GRT-UN-T) was the most overbought, technically vulnerable member of the S&P/TSX Composite Index last week. The unit price has been reasonably sensitive to sell signals over the past 24 months.

Informa

 •   • 

The Ottawa International Airport cracked a coveted milestone as more than five million passengers walked through its gates over the course of 2018. The local airport authority finished the year with 5,110,801 travellers, up 5.6 per cent from 2017.

 • 

Starting in 2010, the fallout from the crash and recession created an imbalance in homeownership that gave rise to an increase in apartment rental rates. The rent increase directly correlates to an increase in the value of apartment buildings.

 • 

It wasn’t that long ago that alternative properties didn’t get much respect, but as yields compress in core property sectors, alternatives have caught the eye of investors, and 2019 should continue that trend.

 •   •   • 

Major Asian real estate developer CapitaLand said Monday it has entered into an agreement to buy two wholly owned units from Ascendas-Singbridge. If the deal is approved, the new entity’s combined assets under management would exceed US$85.79 billion.

Yardi

 •   • 

Redfin (RDFN-Q), the next-generation real estate brokerage, plans to launch a national Canadian real estate search site and brokerage service in Toronto and Vancouver by March, with plans to expand to other provinces in the future.

 •   • 

The Canadian Real Estate Association says the number of home sales in December was down for a fourth month in a row, capping the weakest annual sales since 2012. On an month-over-month basis, home sales fell 2.5 per cent in November.

 • 

A West Vancouver home described as famed architect Arthur Erickson’s “most complete work” is on the market for $16.8 million. The assessment authority, as of July 1, 2018, valued the home at $5.258 million.

 • 

It’s decrepit, mouldy, and has been home to more than a few critters. The new owners paid a cool $3.45 million for a shell of a house in a home outside Toronto’s downtown core.

Industry Events

Subscribe to our newsletter

Sign up to the RENX email newsletter to receive daily industry news, breaking news and RENX updates.

Follow us on Social Media

Follow RENX on your favorite social media platform for news delivered to your feed.

Advertise with Squall

RENX advertisements reach thousands of Canadian professionals every day.

Get a Media Kit
Alberta Atlantic Canada Banff British Columbia Calgary Charlottetown Edmonton Greater Montreal Halifax Hamilton International Jasper Lethbridge Manitoba Metro Vancouver National Nova Scotia Ontario Ottawa Quebec Quebec City Saskatchewan Saskatchewan Toronto / GTA Winnipeg Yukon / NWT / Nunavut
RENX
© 2024 Squall Inc.
About Us • Privacy Policy • Terms of Use