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Many nuances to GTHA's complicated condo story

1 week ago

Many nuances to GTHA's complicated condo story

Condo inventory remains high in Toronto area cities but there are marked differences in the prices per square foot based on the desirability of the unit-type, a new report found.

Stafford, DBS to partner on Toronto PBR development

Stafford and DBS Developments have announced the companies will partner on a 524-unit purpose-built-rental (PBR) apartment project in Toronto's Yonge and Sheppard neighbourhood.

Upfield and Arrowleaf buy Edmonton townhomes for $60M

Upfield Capital and Arrowleaf Real Estate have partnered to acquire Cornerstone at Uplands, a 181-unit purpose-built townhome rental community under construction in Edmonton. The companies acquired Cornerstone at Uplands in an off-market deal from StreetSide Developments Edmonton

Vancouver landowners urged to price for slower market

Lower Mainland market conditions have cooled, with weaker demand and more selective buyers forcing landowners to reset pricing expectations. The pro formas of most developers don’t justify what many sellers expect.

Massive towers proposed for long-abandoned Toronto lot

An abandoned tract of land at the corner of Front and Parliament streets has sat vacant for years, but could soon get a jolt of life if a new plan from BRL Realty and Diamond Schmitt Architects gets the green light.

32-storey rental tower with heritage facades proposed

Manga Hotels has filed plans for a 32-storey mixed-use rental tower at 211 Jarvis St. in Toronto. Designed by Arcadis, the project would add rental housing and retail space while preserving the street-facing facades of seven heritage-designated 19th-century rowhouses.

Where fundamentals hold: Industrial real estate’s strength in Canada

In today’s more selective capital environment, Canada’s industrial sector continues to demonstrate resilience, driven by structural demand and disciplined supply — rather than cyclical momentum.

 

Sponsored by: Trez Capital

Vancouver to see all-Canadian office-to-hotel conversion

A 13-storey office building in Vancouver’s central business district will soon be converted into a Germain Hotel, which the parent company owns alongside Reliance Properties. Both are family-run companies, meaning it will be an all-Canadian-owned project.

Mirvish Village coming to life in Toronto

After years of construction, Toronto's Mirvish Village redevelopment at Bloor and Bathurst is beginning to take shape. Developed by Westbank, the project is welcoming residents, preparing for retail openings and reopening pedestrian routes through the mixed-use community.

New 24,000-sq.-ft. Asian food hall pushes experiential retail

While much attention has centred on the opening of Oakridge Park and TimeOut Market in Vancouver, another food-focused destination has quietly opened south of the Fraser River, adding to the region’s growing experiential dining scene.

Farm Boy to open new store in Ottawa

Farm Boy is opening its 53rd store this month. The Ontario grocer is set to open in Ottawa’s growing Findlay Creek neighbourhood on June 18. Situated at 4828 Bank St., the store will be part of an expanding business district.

HBFace announces new studio in London

HBFace is opening its newest studio in London, Ont. this summer. Founded in 2016 by Haley Bogaert, HBFace has grown from a single Toronto studio into a rapidly expanding Canadian beauty brand with locations in Toronto, Oakville and Sarnia.

Why Canada's multiplex revolution is moving slowly

When B.C. passed Bill 44 in 2023, requiring all municipalities to permit up to three or six units on single-family lots as of right, it was described as revolutionary. But on the ground, the pace tells a different story.

Why one firm may leave London's Kellogg Lane

Software company Carfax Canada is weighing a potential move from London's Kellogg Lane as it outgrows its current space, with rising space constraints and expansion needs raising questions about whether the historic mixed-use district can support its continued growth.

Chartwell boosts portfolio with strategic transactions

Chartwell Retirement Residences announced the closing and expected closing of two previously announced acquisitions, the first being a 30-per-cent ownership interest in the Seasons Retirement Communities portfolio through a JV with Fengate Asset Management.

Finland’s Hiab to buy garbage truck maker Labrie for $1B

On-road load-handling equipment maker Hiab has agreed to buy North American garbage truck manufacturer Labrie Environmental Group for about US$1 billion. Quebec-based Labrie manufactures refuse vehicles at four sites across Canada, the U.S. and Mexico.

Hilton to launch 400-plus Undergraduate brand hotels

U.S. hospitality giant Hilton Worldwide Holdings is launching Undergraduate by Hilton, an upper-midscale hotel brand to complement the Graduate by Hilton brand and expand its college and university market offerings. 

Barry Diller's People Inc. offers to buy MGM Resorts for $18B

People Inc., formerly IAC and controlled by Barry Diller, has submitted a non-binding offer to acquire MGM Resorts International, owner of more than a dozen Las Vegas casinos. The proposed deal values MGM at about US$18 billion.

For Goldman’s top bankers, it’s all AI data centres all the time

AI is dominating leveraged finance as deal activity slows elsewhere, with trillions of dollars needed for data centres and power infrastructure driving discussions at Goldman Sachs’ annual credit and leveraged finance conference.

Dallas Mavericks to purchase Valley View mall site for new arena

The Mavs announced Monday that the team plans to purchase 104 acres of the former Valley View Center mall site along Interstate 635 to build a mixed-use district anchored by a new arena.

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