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Uptimo buys Quebec City apartment complex with room to grow
Uptimo buys Quebec City apt. complex with room to grow
Uptimo has invested $42 million to acquire 825 Beauregard, a complex of 232 multifamily units in the Quebec City suburb of Sainte-Foy. It is the company’s biggest acquisition to date.
L Catterton sells stake in The Amazing Brentwood project
U.S.-based global investor L Catterton Real Estate has sold its 35 per cent stake in The Amazing Brentwood in Burnaby, one of the largest master-planned mixed-use redevelopment projects on the continent.
Building permits hit highest level since 2017
Canada’s building permit activity ended 2024 on a high note, with the total value reaching the highest level since 2017. Statistics Canada reported permits in December surged 11 per cent from the previous month.
Steel, aluminum tariffs a 'brutal blow' to housing sector
Some developers say looming U.S. tariffs on Canadian steel and aluminum could be detrimental to the housing sector due to higher costs of key construction materials. The Ontario Home Builders' Association says the tariffs could lead to decreased investment.
Canadian rents could slide further from Trump’s tariffs
National rental rates are 16.4 per cent higher than three years ago, but real estate agents and analysts say the threat of U.S. tariffs and their potential to send Canada into a recession could lead to lower rents.
Parkland shares surge after Simpson Oil court win
Shares of Parkland Corp. (PKI-T) surged to their highest level in more than six months on Tuesday after the fuel retailer’s largest shareholder won a legal victory that could lead to a multibillion-dollar sale of the company.
Strategic Storage Growth Trust acquires Barrie self-storage
Strategic Storage Growth Trust III, a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT has acquired an 88,900-net-rentable-square-feet self-storage facility on Mapleview Drive West in Barrie.
Vancouver seeks profits from a market it actively obstructs
OPINION: The City of Vancouver should focus on creating conditions to allow the private sector to build market-rate housing, rather than using its resources and regulatory weapons to compete for profits.
2 more highrises proposed for Vaughan Metropolitan Centre
The transformation of the area around Vaughan Metropolitan Centre station continues with a new proposal at 60 Talman Ct. The submission from MPAR Developments calls for two highrise towers of 50 and 55 storeys.
Anthem hopes to build third project in downtown Port Moody
Vancouver developer Anthem Properties, which recently received approval to build more than 300 rental apartments in two developments on Port Moody’s St. Johns Street, is seeking approval for more rental units for a third project in the city.
Windsor paves way for development on Roseland golf course
Windsor city council voted to pave the way for housing development at the edge of the Roseland golf course site by removing the clubhouse and parking lot from heritage protections while continuing to protect the par-3 course.
Developer loses bid to convert Fredericton office building
A developer says his plan to convert the Centennial Building into apartments is now in limbo after Fredericton city council denied his request to change the facade. Council voted 8-3 against Centennial Heritage Properties Inc.'s proposal.
Need to know: 2024 business income tax changes
Several significant income tax changes may impact 2024 business tax filings. While the Parliament has passed many significant changes affecting business tax filers into law, several key measures remain unlegislated.
Brookfield’s credit arm leads Q4 windfall, dividend boosted
The fast-growing credit arm of Brookfield Asset Management Ltd. (BAM-T) led a US$29-billion fourth-quarter fundraising windfall, and the company raised its dividend by 15 per cent.
Restaurant Brands International reports US$361M Q4 profit
The parent company of Tim Hortons, Burger King and Popeyes raised its quarterly dividend as it reported fourth-quarter net income of US$361 million. Restaurant Brands International will pay a quarterly dividend of US$0.62 per share.
Blackstone’s $4B West Coast retail REIT takeover approved by shareholders
Retail Opportunity Investments Corp.'s shareholders approved a US$4B acquisition by Blackstone. The private equity giant’s Blackstone Real Estate Partners X fund is slated to close on an all-cash deal valued at $17.50 per share.
CenterPoint secures 1-million-square-foot tenant in Chicagoland
CenterPoint Properties has signed a full-building lease with 3PL firm RJW Logistics Group for a 976,954-square-foot industrial facility in Joliet, Ill. The property is inside the 6,400-acre CenterPoint Intermodal Center.
U.S. REITs in step with fitness and wellness demand surge
Health and wellness options seem to be everywhere — from yoga, boxing and cycling studios to climbing gyms, juice bars and massage therapy. There’s a good chance that many of those offerings are housed within REIT-owned properties.
China’s property crisis enters a dangerous new phase
After four years of standing by as property developers like China Evergrande Group spiralled into default, Communist Party officials decided in late January that China Vanke Co. — one of the surviving real-estate giants — was, for now, too big to fail.
Industry Events
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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CBRE Capital Lenders' Forum 2025
Feb 25 2025
Metro Toronto Convention Centre
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Canada Real Estate Auctions
Mar 01 2025
to Dec 31 2025
Canada
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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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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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