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Inside a creative refinancing that saved Ōku condos by Ulmus
Inside a creative refinancing that saved Ōku condos by Ulmus
Canada’s condo market has been beset by cost overruns, construction delays and sales that have gone cold leaving many projects unfinished and facing liquidity problems. But at least one condo project has found a creative way to restructure its debt.
 | Design, Policy and Canadian Cities New urbanism works on paper: Not so much on the groundNaama BlonderArchitect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP |
Winnipeg's $1B Polo Park development on hold
The proposed $1B development from Shindico Realty and Cadillac Fairview near Polo Park was billed as a complete community, including multifamily apartment towers, retail space and parks — but shifting economic and immigration landscapes have wreaked havoc on the plan.
Toronto data centre considers $320M asset-backed deal
Urbacon Data Centre Solutions is considering borrowing around $320 million in a deal backed by a newly constructed data centre in Toronto. The data centre has a long-term contract with an AAA-rated technology company.
Alberta premier takes aim at AIMCo, CPP
In just eight months, the Alberta Investment Management Corp. fired its entire board, shuttered new offices in Singapore and New York and cut more than two dozen jobs. If Alberta Premier Danielle Smith has her way, that’s just the start.
Brookfield beefs up mortgage arm with First National deal
Brookfield’s strategy of pursuing growth in the non-bank mortgage segment of private credit goes beyond Canada. The firm has already expanded in the U.S. with the purchase of mortgage lender Angel Oak Cos.
 | North American Steel From quote to completion: The untold story of rackingRacking isn’t just an afterthought - it’s critical infrastructure. Here’s why commercial agents should align early with racking experts to set tenants up for long-term success. Sponsored by: North American Steel |
Former Dream exec tapped as RE head for UAE wealth fund
The United Arab Emirates' Mubadala Investment Co. has hired Daniel Fletcher as its first head of Americas for real estate. Fletcher joins Mubadala, which had roughly US$326B in AUM last year, from Toronto-based private real estate firm Dream.
London-based Libro Credit Union eyes $11B mega-merger
Libro Credit Union is in the final stages of merger talks with Peterborough-based Kawartha Credit Union, which has nearly $3 billion in assets and 23 branches across central, eastern and northern Ontario. Libro has 34 branches.
New Saskatchewan credit union will have 57 branches
Saskatchewan’s newest credit union will boast branding and leadership that many of its members find familiar. The merged entity, which will be made up of Conexus, Synergy and Cornerstone, will take on the Conexus Credit Union name and have 57 branches.
Is one CEO to blame for Canada’s greatest retail collapse?
For 355 years, Hudson’s Bay Company was more than just a business. It was a living thread in the fabric of the Canadian identity. But in July 2025, that thread was abruptly cut.
Uniqlo to open 4 Canadian stores including 1st in Victoria
Japanese global apparel retailer Uniqlo is accelerating its Canadian expansion with the opening of four new stores this fall, including its first-ever location in Victoria. By the end of 2025, Uniqlo will operate 37 stores across Canada.
Four towering Toronto proposals refused by city council
Four development applications were rejected by Toronto City Council during its July meeting, with proposals in downtown and North York refused due to issues ranging from excessive height and density to inadequate heritage conservation.
OLT clears way for controversial 1,500-home plan for Kingston
The Ontario Land Tribunal (OLT) has approved a controversial development in Kingston, Ont., that would see more than 1,500 homes built at what's currently a site contaminated by decades of industry.
Feds invest $81.5 million in Toronto rental project
The federal government is investing more than $81.5 million to support the construction of 159 new rental homes in Toronto, part of its ongoing effort to address housing affordability through the Apartment Construction Loan Program.
New campus addresses Canada’s skilled-trades shortage
A skilled-trades, postsecondary campus in Cambridge, Ont., is set to become one of the biggest of its kind in Canada as demand for tradespeople surges across the country. The 221,671-square-foot building at Conestoga College represents a $155M investment.
PE firm set to pay nearly $1B for 119 JCPenney stores
A Boston-based private equity firm entered into a binding agreement to purchase a portfolio of 119 JCPenney stores for US$947M in an all-cash transaction. The average store size in the portfolio is about 133,000 square feet.
Shipley Do-Nuts sold in deal that could value chain at $400M
Levine Leichtman Capital Partners is acquiring the donut chain Shipley Do-Nuts from private equity peer Peak Rock Capital. Texas-based Shipley has more than 375 company-owned and franchised restaurants in 14 U.S. states.
Verizon to move NYC headquarters to Manhattan’s Penn 2 tower
Verizon Communications Inc. will open a new Manhattan headquarters at Vornado Realty Trust’s Penn 2, a redeveloped office tower near Penn Station. Verizon signed a long-term lease to take more than 195,000 square feet of space, spanning multiple floors.
Kilroy Realty to sell Bay Area campus for $365M
In one of the largest transactions of this year in Silicon Valley, Kilroy Realty has agreed to sell Mathilda Campus, its three-building office and R&D complex in Sunnyvale, Calif. The property will change hands for US$365 million.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Montréal du Futur
Sep 24 2025
to Sep 29 2025
World Trade Centre of Montreal
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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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