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BGO plays central role as Sun Life ups ante in CRE investments

2 weeks ago

BGO plays central role as Sun Life ups CRE investments

BGO played a pivotal role in two major Sun Life Financial Inc. transactions that were announced on March 30 and add well over $2 billon in value to the financial firm's commercial real estate portfolio.

Crystal Creek set to launch Calgary Taza Park condo dev.

A new multifamily development featuring 345 condominium units across two six-storey buildings is launching at Taza Park, as developers look to expand housing options and attract buyers to the fast-growing southwest Calgary community on Tsuut’ina Nation land.

BlackRock names new head of Canadian operations

The world’s largest asset manager has found a new leader for its Canadian division. Bay Street veteran and competitive athlete Katherine Tweedie has been named head of Canada at BlackRock Inc., according to a source familiar with the appointment.

Federal government plans to review tax treatment of REITs

Tax experts say they’re unsure how Ottawa might target real estate investment trusts (REITs) that invest in rental residential housing, or indeed how a change to their tax treatment would help alleviate the issue of housing affordability in Canada.

How are GTA building owners filling vacant office space?

After the postpandemic hybrid-work era caused a contraction in Toronto office leases, one building owner is reimagining two of its Financial District towers into attractive hotel-inspired properties with world-class amenities.

CBSA scraps plan to move 1,200 public servants

The Canada Border Services Agency has abandoned plans to move about 1,200 public servants from a Vanier office tower to a building downtown.

Made in Canada: Why racking origin matters more than ever in 2026

The economics of racking are changing. Tariffs, trade remedies, and supply chain pressures are reshaping how Canadian industrial buildings are equipped, and domestic-manufactured racking is emerging as the lowest total cost of ownership.

Sponsored by: North American Steel

Mount Pleasant office market correcting, poised for growth

Mount Pleasant’s office market is seeing a small construction pipeline and less demand after a biotech boom, but it continues to attract notable tenants drawn to the eclectic neighbourhood.

Court approves sale of Atmosphere to Romspen/Onni

A judge has approved the sale of the Atmosphere property on No. 3 Road in Richmond’s city centre. The excavated site — about the size of a city block across from Lansdowne Centre — has sat idle for about six years.

Vancouver’s first tri-mix opens on False Creek Flats

QuadReal Property Group’s aptly named Archetype project at 220 East 1st Ave. on the False Creek Flats combines office, light industrial and residential – a combination never before seen in Vancouver.

Vancouver mulls building even taller towers

For the first time in 15 years, Vancouver is reviewing its higher buildings policy to determine whether buildings in downtown Vancouver should be permitted to be built even taller and seeking feedback from residents.

Green light for a 19-storey, $100M project

Quebec has authorized the Montreal Transit Corporation to partner with developer Groupe Mach to build 500 housing units above the future Césira-Parisotto station on the blue line. The plan required numerous legislative changes.

Canada’s hotel construction pipeline hits record highs in Q1

The latest Hotel Construction Pipeline Trend Report for Canada, provided by Lodging Econometrics, indicates that as of Q1, there are 331 hotel projects comprising 45,401 rooms in various stages of planning and development across the country.

Skinny tower could house Vancouver’s first pod hotel

Vancouver is reviewing a proposal to build a 22-storey hotel that would be 30 feet wide. Instead of standard rooms, it would have what's called "nano pods," spaces just larger than a single bed.

Fort McMurray reflects on changes since 2016 wildfire

In 2016, a devastating wildfire destroyed more than 2,560 dwellings, or 10 per cent of homes in Fort McMurray. More than 330 buildings were never rebuilt. An evacuation that lasted roughly a month scattered residents across the country.

Global Net Lease to acquire Modiv Industrial REIT in $535M deal

Global Net Lease is set to acquire Modiv Industrial, a REIT focused on single-tenant net-leased industrial manufacturing real estate, in a US$535M all-stock deal, the companies announced Monday.

Artificial intelligence is making rent fraud easier

Artificial intelligence has made it easier to fabricate pay stubs, bank statements, identification and other documents landlords use to verify a prospective tenant’s identity and ability to pay. AI also makes fraudulent documents more difficult to spot.

The new coworking map expands outside the CBD

As hybrid work becomes increasingly embedded in office occupants’ strategies, coworking’s next expansion cycle is shifting outside urban cores. After years of association with downtown locations, startups and short-term users, the sector is moving toward smaller markets. 

W Hotel Aspen owner eyes sale in ski resort where deals are rare

Northridge Capital is seeking a buyer for the W Hotel Aspen, a sale that would be the first for a slopeside resort in the upscale Colorado town since 2010. Marriott International Inc. will continue to operate the hotel.

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