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KingSett Affordable Housing Fund seeks to make big impact
KingSett Affordable Housing Fund seeks to make big impact
The KingSett Affordable Housing Fund LP has closed on the acquisition of Birchmount Green in the east end of Toronto and is continuing to push ahead with development, and pre-development plans, for other large-scale multiresidential sites in the city.
Developer, landowner Emergia to merge with Kraken Holdings
Emergia Inc. has signed a letter of intent to merge with Kraken Holdings as the Dorval, Que.-headquartered company continues a reorganization of its commercial real estate portfolio and operations.
Feds set new conditions for owned and leased facilities
Beginning in 2025, federal departments and Crown corporations entering into or renewing leases are instructed to: prioritize net-zero emissions; assess climate-related operational risks and ability to meet contingency standards; and ensure adequate electric vehicle (EV) charging capacity.
Tech reveals dramatic impact of Vancouver's Broadway Plan
A group of urban designers, academics and citizens is employing interactive technology to show the dramatic impact of the Broadway Plan, which politicians say will turn eight square kilometres of Vancouver into a “second downtown.”
Urban housing plan for Vancouver's ICBC headquarters
The Insurance Corporation of British Columbia head office in North Vancouver will be transformed into an urban housing development. The province is buying the waterfront headquarters to develop hundreds of market and below-market homes close to the SeaBus to Vancouver.
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Delta application waiting six years for B.C. provincial approval
A major industrial development which received preliminary council approval years ago is still waiting for the final go-ahead. Delta council has agreed to make a request for an update from the province on the MK Delta Lands project.
West Field business centre in Surrey for sale over $50M debt
The campus-like Surrey building known as The West Field has been listed for sale in ongoing foreclosure proceedings, according to filings in the Supreme Court of British Columbia. The building is suspected to have been vacant since its 1998 construction.
Gordie Howe Bridge becomes official international crossing
The second bridge to connect Windsor, Ont. and Detroit has officially become an international crossing, as crews completed the installation of the final two edge girders linking the bridge deck on each side of the border.
Staples to accept Amazon returns under new partnership
Canadians can now return Amazon orders through Staples. The e-commerce giant says the office supply retailer’s 298 stores have been equipped for the returns. The move follows the Ontario government's plans for some Service Ontario locations in Staples stores.
Lululemon opens flagship at Yonge & Bloor in Toronto
Vancouver-based Lululemon has opened an impressive two-level flagship store at the corner of Yonge and Bloor streets in Toronto. The prominent storefront took about two years to build and is part of a transformation of the immediate area.
Metro Vancouver Properties updates take-private plans
Metro Vancouver Properties Corp., has updated its previously announced take-private transaction and share consolidation. All Class B voting common shares are being consolidated on the basis of one post-consolidation Class B Share for each 1,941,489 pre-consolidation Class B Shares.
Builder fined $200K for safety violations at Burnaby highrise
WorkSafeBC has fined Axiom Builders Inc. nearly $200,000 for safety violations at a 43-storey condo tower project in Burnaby's Metrotown area. The penalty was imposed after an inspection in February, according to WorkSafe inspection reports.
St. Stephen apartment buildings headed to mortgage sales
Three vacant apartment buildings in St. Stephen are headed to mortgage sales, while a local development group has abandoned efforts to find out more about the owner. The run-down properties, which have upset neighbours, will be sold later this month.
'Rare and expensive': Why it's hard to find a 3-bedroom apt.
A recent CBC News analysis of more than 1,000 neighbourhoods across Canada's largest cities found major challenges for people looking for multiple-bedroom rental apartments — typically, families. That leaves many families cramped in smaller units due to availability, or costs.
Peterborough dev. owing $52M placed under receivership
Burnham Meadows community development, to be built in Peterborough, has been placed under receivership, according to filings in the Ontario Superior Court of Justice. The 80-acre “active living community” had planned for 103 homes, office and retail commerical space.
$10B data centre campus kicks off near Chicago
Compass Datacenters, of Dallas, has begun work on a hyperscale data centre campus in Illinois. The project is taking shape on the nearly 200-acre former Sears headquarters site. It will include five hyperscale data centres.
NYC crane collapse causes $115M in damages to highrise
A luxury Manhattan apartment building suffered more than $115M Cdn in damage after a crane at an adjacent construction site caught fire and collapsed. The 180-foot crane arm crashed down injuring a dozen people, including three firefighters.
Express sale to WHP Global-led group for $174 million approved
A bankruptcy court approved the $174-million sale of Express to a consortium led by WHP Global, a brand licensing company backed by Ares Management Corp. and Oaktree Capital Management, and mall owners Simon Property Group and Brookfield Properties.
Blackstone opts to sweeten deal as REITs upend playbook
When Blackstone Inc. put a portfolio of student dorms up for sale, it worked quietly to sweeten the deal. First, the firm dangled the option for buyers to take over $800 million in debt that had already been negotiated.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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