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Werkliv to pilot prefab construction at student housing project
Werkliv to pilot prefab construction at student housing project
Aiming to dramatically speed up the construction process, Montreal-based student housing specialist Werkliv will build a multiresidential development using prefabricated concrete panels from a company it owns, as a pilot project.
Brookfield, Teachers’ to acquire Compass Datacenters
Brookfield Infrastructure Partners L.P. (BIP-UN-T) and existing investor Ontario Teachers’ Pension Plan today announced they have entered into a definitive agreement with RedBird Capital Partners and the Azrieli Group to acquire Dallas-headquartered Compass Datacenters, LLC.
Smartstop makes $300M GTA self-storage acquisition
SmartStop Self Storage REIT says it has become the fifth-largest self-storage operator in Canada with the $300-million acquisition of eight properties in the Greater Toronto and Hamilton areas.
Primaris REIT to acquire Conestoga Mall for $270M
Primaris REIT (PMZ-UN-T) has agreed to a “landmark” acquisition of the Conestoga Mall in Waterloo from Ivanhoé Cambridge for $270 million.
Port of Montreal embarks on $335M improvement plan
As the Port of Montreal moves forward with a $335M investment plan to beef up its infrastructure, the environment, decarbonization and sustainability remain top of mind. An extensive five-year plan released by the port outlines a series of improvements.
Montrealers return to Sainte-Catherine Street
COVID-19 has had a major impact on merchants including those located on the commercial artery of Sainte-Catherine Street. However, according to a new analysis by JLL, the street will remain an essential shopping destination for Montrealers.
 | Colliers Canada Brokerage Winnipeg industrial: The next investment frontierWinnipeg's industrial landscape is becoming a top choice for institutional investors to help meet the need of modern industrial space for the booming market. Sponsored by: Colliers Canada Brokerage |
Windmill proposes nine-storey Ottawa condo
Windmill Developments says it’s working on a proposal that would see a nine-storey condominium with about 100 units constructed next to the 123-year-old church on Chapel Street in Ottawa.
Remote, hybrid jobs have helped women join workforce
Mothers with young children are joining the Canadian labour force at higher rates since the start of the pandemic, with more flexible work environments and better access to child care supporting their return to their jobs, Toronto-Dominion Bank has found.
Burnaby rejects plan for developers to build more condos
Burnaby councillors rejected recommendations that would have allowed developers to build more condos in return for building required non-market rental housing. The recommendations were part of a review of Burnaby’s rental use zoning policy.
CABN CEO shows off net-zero prebuilt house
For CABN founder and CEO Jackson Wyatt, a show home in Mallorytown, Ont. is not just a homecoming, but a launching pad for a community of prebuilt, net-zero houses in Augusta Township that will be established in 2024.
Montreal Y idling while community groups need space
In 2021, the YMCAs of Quebec said the downtown Y and some of its other centres would not reopen unless it found financial partners. The organization is giving itself this year to devise a clear vision for its future.
Fitch may downgrade Manhattan office towers
Fitch Ratings has warned of a potential downgrade for 280 Park Ave., a class-A office tower owned by SL Green Realty and Vornado Realty Trust. Upcoming vacancies, including the possible departure of BlueMountain Capital Management and Cohen & Steers, raise concerns.
Intel to build $33 billion chip plant in Germany
Intel and the German government signed a deal that will see the U.S. company spend more than $32.8B to build a manufacturing site in the eastern city of Magdeburg, after Germany pledged to cover a third of the investment.
Sacramento County to end mandate with Brookfield
Sacramento County Employees’ Retirement System (SCERS) is planning to end a $108 million US liquid real return mandate with Brookfield Asset Management to help bring its real assets exposure back in line with its target.
Walmart opens its largest fulfillment centre
Walmart (WMT-N) has completed a 2.2 million-square-foot fulfillment centre in McCordsville, Ind. The property is the largest of its kind for Walmart and will expand access to the retailer’s next- or two-day shipping.
CIBC ordered to fix mortgage underwriting lapses
Canadian Imperial Bank of Commerce (CM-T) has been under remediation orders from Canada’s banking regulator for more than a year after an audit of its mortgage portfolio uncovered breaches of rules that limit how indebted borrowers can be, sources say.
Affordability will deteriorate unless we act soon: CMHC
“I’m actually worried that affordability is going to deteriorate rather than improve unless we can do something about it,” says Bob Dugan, the chief economist at Canada Mortgage and Housing Corporation.
Housing affordability poses threat to Toronto’s future
Toronto has had a net loss of more than 11,000 young families over the past decade, a sign that the housing affordability crisis at the heart of the mayoral campaign is becoming an existential threat to the city.
Ontario average rent increased 27% from 2016-'21: Index
Across Ontario, average rents have risen 27 per cent from 2016 to 2021, according to the Canadian Rental Housing Index, released Monday. The index is a national database of housing stats using data from the latest census.
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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