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Mattamy, Quadreal launch Phase 1 of $6B Cloverdale in TO
Mattamy, Quadreal launch Phase 1 of $6B Cloverdale dev.
Mattamy Homes and QuadReal Property Group have scheduled a fall launch for the first phase of their $6-billion condo project The Clove, part of the redevelopment of Cloverdale Mall in Etobicoke.
RENX's 2024 summer commercial real estate in review
Summer is a hectic time, with a rush of both family and business commitments requiring our attention. It’s easy to miss big news … so here is RENX's synopsis of our most-read, and most important, articles from the summer months.
Baseline emerging for land prices as foreclosures take hold
A wave of foreclosure opportunities has been working its way through the court system, with more to come as lenders enforce their claims against developers and investors. It’s not just speculators or novices affected, experienced developers have been caught out.
Vancouver rental building, The Lauren, sold to Starlight
Toronto-based Starlight Investments has acquired a high-profile rental building in the West End of Vancouver, as the company continues to expand its portfolio in British Columbia. The Lauren is a 22-storey rental tower on Broughton Street.
‘Race for space’ squeezes retailers amid rising rents
A recent report from CBRE Canada shows rising retail rents as demand for space skyrockets across the country. Demand is happening across nearly all retail categories – most notably health and wellness, grocery and discount.
NexLiving closes on $224M Devcore portfolio acquisition
NexLiving Communities has closed on a previously announced acquisition of a $224-million portfolio of multifamily assets in eastern Ontario and Québec, consisting of 16 properties and 991 units, from 8985979 Canada Inc. and Devcore Group Inc.
 | Diverso Energy Mastering geothermal for multi-res: A playbookMany developers are turning to geothermal energy, to future-proof assets against strict green standards and rising carbon taxes. While installation can be daunting for newcomers, Diverso Energy’s "playbook" is designed to ensure your project stays on track and within budget. Sponsored by: Diverso Energy |
Large housing development coming to Hamilton Mountain
A multi-million-dollar housing development planned for Hamilton Mountain’s Chedoke brow lands has already been called one of the largest developments that Hamilton’s escarpment has ever seen. The plan, from Valery Developments, will see 609 apartments and 35 townhouses built.
Two-tower complex proposed near Richmond Hill GO Station
Iron Construction Developments has submitted Official Plan and Zoning By-law Amendment applications in Richmond Hill, seeking to redevelop parcels of low-rise homes with a high-density mixed-use residential/commercial development of 12- and 20-storey towers.
Developer plans major changes to Mississauga project
A developer is proposing a sizeable increase to the scale of its project in Mississauga. NYX Tannery LP is proposing to build a 12-to-14-storey apartment building, 633 units in total, in Mississauga’s Streetsville neighbourhood.
Waterloo selling two properties to fund future housing
The Region of Waterloo is moving forward with new housing projects by using regional land to increase affordable housing options at 30 Lauris Ave. in Cambridge. Two new lots are now for sale at market rates.
Developer found for $52-million housing project in Cambridge
Regional council has approved Norlon Builders, a London, Ont.-based construction company, as the developer of a $52M housing project for Cambridge. With 136 total units in the seven-storey development, it will be the largest residential project for the company.
Humber College unveils 336-bed sustainable student res
A new 336-bed student residence at Humber College’s Lakeshore Campus has officially opened, showcasing a new approach to sustainable construction and design. The facility addresses the urgent need for student housing amid Ontario’s ongoing housing crisis.
Abbotsford, B.C, seeks input about development charge hikes
The City of Abbotsford is seeking public input about proposed hikes to development cost charges. The proposed changes include raising the development cost charge of around $38,000 for a single detached dwelling to $58,000.
Pension funds investing in housing squeezes workers
OPINION - A myriad of factors has meant that residential real estate has become an attractive investment for pension funds and other institutional investors. And pension-fund investment in housing is a paradox.
Real estate podcasts
Meggan Janes, Canadian Brownfield Network: Revitalising Contaminated Lands in Canada, CRE Podcast
Ranjini Venkatesan, Moody's: Moody’s Sees Digital Realty, Equinix Capital Investment Levels Remaining Elevated, REIT Report Podcast
Alan Haigh, Impact Commercial Group: Supercharging Your Investment Portfolio, Vancouver Commercial Real Estate Podcast
Landlords face a $1.5 trillion CRE maturity wall
Landlords for offices, apartment complexes and other commercial real estate have $1.5 trillion of debt due by the end of next year, and about a quarter of that borrowing could be hard to refinance, according to Jones Lang LaSalle.
Brookfield puts Citypoint Tower in London up for £500m sale
Canadian asset manager Brookfield has put Citypoint tower up for sale in what could be London's biggest commercial office sale all year. Brookfield has reportedly started the sale in the hope of avoiding a default on a £460m loan.
Parkland to sell retail and commercial businesses in Florida
Parkland Corp. says it is looking to sell its Florida-based retail and commercial businesses. The Calgary-based company's operations in the state include about 100 retail locations, nine cardlock facilities and four bulk storage plants and warehouses.
Blackstone buys majority stake in €1.1 billion warehouse fund
Blackstone has a deal to purchase a majority stake in a €1 billion portfolio of European warehouses managed by Burstone Group. Funds managed by Blackstone will acquire an 80 per cent interest in the properties.
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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