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Groupe Inspire buys eight-building portfolio for $46.5M in Montreal

22 hours ago

Groupe Inspire buys 8 res. buildings in Montreal for $46.5M

Groupe Inspire has invested $46.5 million to purchase the 260-unit, eight-building La Renaissance portfolio in the Montreal borough of LaSalle and plans to acquire another 1,000 multi-family units in Greater Montreal in the next 12 months.

Amazon opens first Canadian Disaster Relief hub

Amazon announced the opening of its first Disaster Relief hub in Canada, dedicating a portion of an existing Amazon fulfilment centre in Edmonton, Alta. to supporting Canadian communities before, during and after major disasters, currently providing wildfire relief.

A munitions-manufacturing hub is coming to Saskatchewan

Saskatchewan is slated to be a defence manufacturing hub as Cellcore Technologies Inc. enters a niche but lucrative market. Cellcore is working with English River First Nation on a $200-million defense manufacturing and innovation campus.

Condo market did not fail, it revealed what needs to change

GUEST SUBMISSION: Toronto’s condo market boiled over and then it froze. And as the condo crash continues, the word "condo" has become a dirty word to developers, investors and future homeowners alike.

The banks are upgrading facilities in downtown Montreal

A curious game of musical chairs is taking shape in the downtown Montreal coinciding with return to office of financial institution employees. National Bank's new ultramodern headquarters on Saint-Jacques Street is prompting its competitors to upgrade their facilities as well.

Firm Capital closes $218M, 1,649-site MHC acquisition

Firm Capital Property Trust (FCD-UN-T) has closed its previously announced acquisition to purchase a 50 per cent interest in a 10-property manufactured housing community (MHC) portfolio, located in Alberta and Saskatchewan for $218 million.

Chief Executive Officer, REALPAC (Real Property Association of Canada)

REALPAC has launched a search for its next Chief Executive Officer to lead the organization as it continues to advance and advocate for Canada's commercial real estate sector.

Sponsored by: REALPAC

Documents reveal proposed McMaster AI data centre

The same day Hamilton rejected a bylaw puttiung a one-year moratorium on new AI data centres, the city released details about a proposal from St. Jacobs company s2e Technologies, that include an AI data centre at McMaster Innovation Park (MIP).

Development, home-buying models need change in B.C.

The B.C. provincial and federal governments are right to be looking for solutions to B.C.'s housing market troubles, but the condo bailout plan is flawed, says the leader of a housing company based in Port Alberni. 

Metro Van. faces huge infrastructure bill for new homes

Metro Vancouver taxpayers could face a $115-billion bill in the next 15 years to build the infrastructure to support the 570,000 new homes in the region by 2041. Metro staff are calling for negotiations on new government funding.

Fall River housing development in Halifax on fast track

Vision 7 Developments had been granted permission to construct as many as five multiple-unit buildings, each with an upper limit of four storeys. The 500-unit Fall River housing development is being fast-tracked by the developer and Nova Scotia government.

BulidForce: Quebec bouyed by non-residential projects

Mining, utilities, transportation and public infrastructure projects – alongside sustained activity in the construction of ICI buildings – are highlights of BuildForce’s forecast for the non-residential sector in Quebec. Engineering construction investment rose sharply after 2022 as expenditures increased on major projects.

Magnicity eyes Vancouver for observation deck attraction

Paris-based company Magnicity, behind some of the world’s best-known observation attractions, has identified Vancouver as a possible expansion market, seeing an opportunity to turn the uppermost floors of a future tall tower into a major visitor destination.

Rogers beats expectations with 53% jump in media revenue

Rogers Communications Inc. reported a 53 per cent jump in media revenue in Q2 driven by its sports assets. The company expects to close its purchase of the remaining stake in Maple Leaf Sports & Entertainment in Q4. 

Will $3-billion Texas arena district draw more offices?

Will Dallas Stars’ planned $3B sports and entertainment district in Plano bring an injection of new trophy office space to a city that hasn’t had any class-A deliveries since 2024.  Neighbouring Dallas-Fort Worth leads in U.S. corporate relocations.

Office-to-residential conversions shaken by Pfizer incident

As July 7 dawned in New York City emergency crews were responding to reports of major structural damage in Midtown Manhattan. The 37-storey former Pfizer headquarters, under conversion into apartments, began showing alarming signs of potential collapse.

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