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Nesto: 7 years of dramatic growth in home and CRE mortgages
Nesto: 7 years of dramatic growth in home, CRE mortgages
Nesto Group was created just seven years ago but the tech-forward firm has already become a key player in the Canadian mortgage industry and just launched commercial mortgage origination activities in Quebec.
GWLRA expands footprint with multifamily launch in Calgary
GWL Realty Advisors is doubling down on its commitment to Calgary with the launch of a major multifamily development, part of a broader national strategy to expand its residential footprint across Canada.
Crackdown on commercial landlord property controls clarified
Commercial landlords are less exposed than retailers to the Competition Bureau of Canada’s crackdown on property controls, but investigators will be considering whether lease or transaction agreements contain a “significant purpose” to weaken other market players.
Primaris to acquire Lime Ridge Mall for $416M
Primaris REIT will be acquiring Lime Ridge Mall in Hamilton, Ont. from an entity managed by Cadillac Fairview for $416 million in cash and equity, continuing a spree of transactions for shopping centres.
Canada’s largest battery project is an energy game changer
Located on 10 acres in Haldimand County, Ont., the Oneida project is among the five largest battery storage facilities in the world, producing enough electricity to power a city of 200,000. The project opened in May.
Saint John council moves ahead on massive industrial park
Saint John will push forward with amendments paving the way for the expansion of the Spruce Lake Industrial Park. The plan to make hundreds of hectares in the rural area "pad ready" for industrial development faced heavy local opposition.
 | Shindico Shindico celebrates 50 years of successShindico, one of Manitoba’s most prominent real estate firms, is celebrating its 50th anniversary. Founded in 1975 by Sandy Shindleman, the company has grown from a small brokerage in Portage la Prairie into a leader in commercial real estate. Sponsored by: Shindico |
Kalesnikoff opens mass timber pre-fab and modular facility
Kalesnikoff Mass Timber formally opened their new 100,000 sq. ft. modular mass timber facility in Castlegar, B.C. to expand their mass timber products for use in multistorey affordable and market housing, schools, workforce housing and other infrastructure.
Businesses sue Calgary over two-year construction project
A group of Marda Loop businesses is suing the City of Calgary for $75 million over an ongoing, two-year construction project that has left the plaintiffs "suffering dire financial consequences," according to a statement of claim.
Teranet returns to conveyance with ReadyWhen’s GoVeyance
Teranet Inc., the Toronto-based provider of statutory registry services in Ontario and Manitoba, is returning to the conveyance service in Ontario by partnering with Delta, B.C.-based ReadyWhen Tech Inc.
Toronto can still mandate sustainable building: staff report
A newly released report from city staff says Toronto still has the authority to mandate new buildings meet certain climate and sustainability targets, despite concerns those powers could be undercut by a recent Ontario law.
Condo towers to go up around Montreal heritage building
Quebec and the City of Montreal have chosen a developer to transform the long-vacant former home of the Montreal Institute for Deaf-Mute Girls into housing. Residia will preserve the original building and surround it with towers of up to 25 storeys.
Developers can't build rentals if the numbers don't work
OPINION: The rental market, from Metro Vancouver to the Fraser Valley, has suffered from chronic underinvestment for decades. Purpose-built rental units are scarce, vacancy rates remain low and fluctuate, and affordability is vanishing.
Inside LaSalle College's new 108,000 sq. ft. high-tech campus
This summer, LaSalle College Vancouver will open its seven-storey, 108,000-square-foot campus next to SkyTrain’s Renfrew Station in East Vancouver. Designed to merge architecture, technology and art, the purpose-built facility sits next to the institution’s soon-to-be-former home.
Montreal's Groupe Dynamite reports Q1 profit, revenue up
Groupe Dynamite (GRGD-T) reported a Q1 profit of $27.3 million, up from $23.9 million a year ago as its revenue rose 20 per cent. The clothing retailer says the profit amounted to 24 cents per diluted share.
PSP secures $1.36B mortgage on Washington project
After acquiring The Wharf project, PSP Investments has secured a US$1B loan (C$1.36B) from a trio of big banks to refinance the property's debt. Wells Fargo, Morgan Stanley and Goldman Sachs originated the five-year, fixed-rate loan.
ILPT secures $1.2B for industrial portfolio
Industrial Logistics Properties Trust (ILPT) has landed US$1.2 billion in refinancing for an industrial portfolio. The more than 100-asset collection is spread several states, including Arizona, Florida, Utah, Alabama, Maryland, Illinois, Colorado, Nebraska, Ohio and Hawaii.
Cohen & Steers buys $300M of Hudson Pacific Properties stock
Cohen & Steers believes that the time is ripe for a comeback for the West Coast’s beleaguered office market. The global asset manager invested US$300M on behalf of its clients in Hudson Pacific Properties.
Manhattan office market shows a promising start
The U.S.’s biggest office metro regained its footing in early 2025, reclaiming top spots across several key metrics, CommercialEdge data shows. Manhattan once again posted the highest office sales prices and asking rents nationwide.
U.S. retail sales fall sharply in May as rush to beat tariff price hikes slow
U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariff-related price hikes ebbed, but consumer spending remains supported by solid wage growth for now.
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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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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Saskatchewan Real Estate Forum
Oct 16 2025
TCU Place, Saskatoon
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