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Starlight, CIBC partner on $750M in apartment acquisitions
Starlight, CIBC partner on $750M in apartment acquisitions
Starlight Investments announced it will acquire $750-million of purpose-built rental apartments through a new vehicle called the Starlight Canadian Core Multi-Family Fund, in partnership with funds managed by CIBC Asset Management.
How Mondev survived a potential financial crisis
Being transparent with its banker likely helped save Mondev and other real estate firms from going under when construction costs and interest rates soared in 2022, admits founder David Owen.
Sienna to buy Credit River seniors residence in Mississauga
Sienna Senior Living (SIA-T) has an agreement to acquire the Credit River Retirement Residence in the Greater Toronto Area city of Mississauga for $60.2 million, the firm announced Monday.
Icona pulls Anmore housing proposal 1h before hearing
A controversial housing proposal that would have tripled the population of Anmore, B.C. has been withdrawn by Icona Properties. The proposal known as Anmore South was to be built on a 150-acre plot of land owned by the developer.
CIBC’s Benjamin Tal's on the economy, tariffs and housing
CIBC’s deputy chief economist Benjamin Tal is not revising his forecasts halfway through the year. "We are in a per capita recession in Canada and we might be in a technical recession," he says.
Inflation unchanged at 1.7% in May, rental price growth slowed
The annual pace of inflation held steady at 1.7 per cent in May as cooling shelter costs helped tame price pressures, Statistics Canada said Tuesday. Shelter costs rose three per cent in May, down from 3.4 per cent in April.
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Inside the race to convert vacant offices into rental homes
Office-to-residential conversions are a relatively new phenomenon in Canada and were largely uncommon in most cities before 2020. But since then, office vacancy rates have soared, with 20.5 per cent of Toronto office space currently being available.
Demand for CMHC commercial products jumps 28.7%
Canada Mortgage and Housing Corporation saw a major increase in demand for its commercial products in 2024, playing a pivotal role in supporting housing supply. Multi-unit mortgage loan insurance products backed over 283,000 housing units — a 28.7 per cent increase.
Foreign student caps shake up B.C.’s student housing market
In 2022, Thompson Rivers University had such a long waitlist for student housing that it procured a 113-bed workcamp from northern B.C. as a temporary measure. Now, the Kamloops-based institution is contemplating closing a 305-bed dormitory.
Hamilton girds for third round in urban boundary battle
Hamilton councillors will consider a proposal tomorrow to allow new housing for 115,000 people on thousands of acres of Elfrida farmland — less than two years after the Doug Ford government famously reversed plans to impose the same urban boundary expansion.
88-storey near-'supertall' appears before Design Review Panel
Toronto Street may soon be home to one of the city's tallest buildings, as updated plans from Goband Investment were just presented to the Design Review Panel. Submitted in 2023, the rezoning application is still being reviewed.
Equitable Bank CEO Andrew Moor dies at 65
Equitable Bank chief executive officer Andrew Moor died unexpectedly over the weekend. He was 65. The bank confirmed his death in a statement Tuesday morning and said it will name an interim CEO today.
Joseph Remai remembered as a visionary developer
Joseph Remai — a builder and real estate developer for more than six decades — died peacefully in Saskatoon on June 12 at the age of 89. With Remai Construction and Remai Group, he built schools, hospitals, hotels and seniors residences.
Innovative wastewater system set for LeBreton Flats project
A first-of-its-kind project in Ottawa is to tap into the effluent flowing through city sewers to sustainably heat and cool a two-tower rental project in the LeBreton Flats redevelopment. If approved, it will be implemented at Dream’s Odenak development.
It’s Taps for Montreal’s iconic Peel Pub
Peel Pub has shut its doors after more than six decades as a downtown Montreal hot spot. A bankruptcy notice was taped to the front entrance of the pub which was a long-time favourite of students and sports fans.
Brookfield's bet on a road becomes a $2.7B headache in Peru
Brookfield Asset Management (BAM-T) was banking on years of steady profits when it took over three toll roads in fast-growing Lima, Peru. Instead, it stumbled into a political minefield with protests, court fights and default fears.
Brett White resigns as Cushman & Wakefield chairman
Brett White, who led Cushman & Wakefield as CEO through its initial public offering and the pandemic, is leaving the company. White will step down from his current position of non-executive chairman of the board on July 31.
Office users’ top priority today
Portfolio optimization has edged out cost-cutting as the highest priority for corporate real estate execs, as the return-to-office trend makes additional headway, according to JLL’s latest occupancy planning benchmark report, just out this morning.
RCG Ventures finalizes $1.8B retail portfolio acquisition
RCG Ventures LLC has completed the acquisition of a US$1.8 billion multi-tenant retail portfolio from Global Net Lease Inc. The three-phase transaction included 99 properties across 28 states, totalling more than 14 million square feet.
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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