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Grosvenor unveils Phase 1 of Vancouver's 14-acre Mayfair West
Grosvenor unveils Phase 1 of Van.'s 14-acre Mayfair West
Grosvenor has unveiled its plan for Phase 1 at the newly renamed Mayfair West development on the 14-acre site of the former downtown Vancouver Oakridge Transit Centre.
Bank of Canada maintains interest rate at 5%
The Bank of Canada announced Wednesday morning it's keeping its overnight lending rate at five per cent. The bank's key rate is at its highest in 22 years, after 10 increases since March 2022 as it attempts to fight inflation.
Westbank faces onslaught of litigation over projects
Vancouver-based developer Westbank Corp., is facing problems at several projects in Toronto and Seattle with contractors claiming millions of dollars in unpaid bills. The number of lawsuits and liens has been piling up over the past year.
Freed gets $300M BlackRock investment for resorts portfolio
Toronto-based Freed Corp. has closed on $300 million in financing from BlackRock-managed funds. As part of the transaction, Freed has acquired the share of its resort portfolio previously held by Skyline Investments.
118,000-sq.-ft. downtown Winnipeg building vacant
After nearly 80 years, Kromar Printing has closed its doors, leaving a nearly 118,000-square-foot building vacant on the edge of Winnipeg’s downtown core. The Business Development Bank of Canada filed for a receivership of the business on Nov. 24.
Ont. altered local planning decisions to enable development
The land-use planning scandal that has rocked Ontario’s Progressive Conservative government has revealed how the province utilized regulatory tools to force more housing on cities and towns – removing land from the Greenbelt, expanding urban boundaries and issuing minister’s zoning orders.
B.C.'s TOD plan needs more definition, stakeholders say
A plan to boost transit-oriented development (TOD) was among the slew of bills passed by the B.C. government this fall. Stakeholders expressed concerns regarding the legislation, centring on affordable housing, potential displacement of renters, community amenity contributions and parking.
$334M Ottawa library project etched with stone, wood
Tower cranes hover like giant birds over an expansive construction site in downtown Ottawa where crews are working on a new 216,000-square-foot, $334-million Ottawa Public Library and Archives Canada joint facility known as Ādisōke.
Rentsync announces merger with Building Stack
Rentsync, an online rental marketplace which also provides marketing solutions for the rental housing industry, is merging with Building Stack, a Montreal-based company creating software for the next generation of property management.
Burnaby approves 17-storey tower at SFU
A new Mosaic development is coming to SFU’s UniverCity neighbourhood. The development includes a 17-storey condo tower and a bus layover facility as well as a six-storey commercial-residential podium with a plaza at 8955 University High Street.
Perspectives Bates condo project coming to Montreal
The Fonds immobilier de solidarité FTQ, Cogeim and Demonfort announced a new condominium project called Perspectives Bates. Located at the intersection of Bates and Pratt streets, it will offer 73 units over seven storeys. Delivery is scheduled for fall 2024.
Canada Lands may convert old NFB building to housing
Housing is one of the main options under consideration as new owner Canada Lands Co. embarks on a “major transformation” of the 12-acre site of the former National Film Board headquarters near Highway 40 in St-Laurent.
InventWood aims to 'replace steel and concrete'
Materials start-up InventWood hopes to transform the sustainable construction sector with its patented MettleWood, which uses advanced technology to turn wood into a material 60 per cent stronger, 80 per cent lighter and more sustainable than conventional steel products.
Top shopping centres evolving experiential elements
Shopping centres across the country continue to evolve with initiatives being launched to enhance consumer engagement and experience, which is becoming increasingly more important for property owners, according to Jennifer Dunn, senior marketing director within JLL’s Property & Asset Management team.
Van. retail leasing, investment picture remains stable
Leasing and investment conditions in Vancouver’s retail market have been resilient, while ongoing economic turbulence and an expected sluggish holiday spending season provide more challenges for an asset class that has remained surprisingly stable, according to CBRE insiders.
CF Polo Park welcomes Zara, Knix to Winnipeg
CF Polo Park recently welcomed Zara, marking the retailer's first foray into Manitoba. Zara occupies over 30,000 square feet of retail space. CF Polo Park also announced Knix will open its first permanent retail location in Winnipeg in spring 2024.
American Dream occupancy has hit 'critical mass': Triple Five
With the crucial holiday season trading in full swing, American Dream, the second-largest shopping mall in the U.S. has hit 89% of stores, entertainment, and food and beverage space leased, according to Paul Ghermezian, vice-president at owner Triple Five Group.
Japanese buyers snap up foreign buildings
A Manhattan skyscraper, Toronto data centres and office buildings in London are among the assets Japanese companies and pension funds - flush with cash and in the only developed economy with access to rock-bottom financing rates – have scooped up this year.
McDonald’s plans 10,000 new stores by 2027
McDonald’s (MCD-N) expects to open nearly 10,000 restaurants over the next four years, a pace of growth that would be unprecedented even for the world’s largest burger chain. McDonald’s had 40,275 restaurants at the start of this year.
Hudson Pacific Properties divests assets for $189.3M
Hudson Pacific Properties (HPP-N), a REIT with a focus on tech and media properties, has completed the sale of assets totalling $189.3 million US, including the Cloud 10 land parcel in Silicon Valley for $43.5 million.
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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