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Anthem, Crestpoint kick off mixed-use masterplan at the 'Boot'

3 days ago

Anthem, Crestpoint kick off masterplan at the 'Boot'

A well-known office building at the border of Vancouver and Burnaby is undergoing a renovation as part of a masterplan development that will eventually include 2,535 homes and new commercial space at the site. 

Leadership transition as Cameron Stephens goes west

Toronto-based Cameron Stephens Mortgage Capital Ltd. has named longtime executive Steve Cameron as president and chief executive officer, formalizing a leadership transition more than a decade in the making as the commercial real estate lender accelerates expansion in Western Canada.

$200M research centre planned for Laval's Biotech City

Following Dynacare earlier this year, Biotech City in Laval is preparing to welcome a new large-scale research centre – with more than 150 researchers – which should lead to the construction on site of new scientific research laboratories worth over $200M.

Ottawa Senators owner wants to buy Château Montebello

A group of investors from the Outaouais region, including Michael Andlauer, owner of the Ottawa Senators, is in the running to acquire the Château Montebello. The historic hotel, managed by the Fairmont Group, has put in place a liquidation process.

Bank of Canada holds rate steady at 2.25%

The Bank of Canada held its benchmark interest rate steady on Wednesday and said the path forward for monetary policy remains uncertain amid a challenging mix of weak economic growth and high energy prices.

Rents fall, but rebound expected: CMHC

Canada Mortgage and Housing Corp.’s mid-year rental market report said increased supply from new buildings is driving asking rents for available units lower, particularly in markets such as Toronto, Vancouver, Calgary and Ottawa.

New 278-unit rental development to open in Victoria

Residents of a new 278-unit mixed-use building in downtown Victoria will start moving in on Aug. 1. The six-storey Spencer Block, developed by Nicola Real Estate, boasts 18,000 square feet of indoor and outdoor amenities.

Edmonton parking lot could become nearly 200 rental units

An empty downtown Edmonton parking lot could soon be transformed into nearly 200 rental homes. Warehouse Block, proposed by Autograph Group, would be built on the southeast corner of 106th St. and 102nd Ave.

MR MIKES steakhouse expands into Atlantic Canada

MR MIKES SteakhouseCasual has 50 locations and has a goal to open 50 more over the next five to 10 years. Recently, it announced six new locations in Atlantic Canada, as well as signing a five-store franchise agreement in Ontario.

UNIQLO announces 5 new store openings for fall 2026

Global Japanese retailer UNIQLO says it will open five new Canadian stores in fall 2026. Locations include St. Vital Centre in Winnipeg, Quartier DIX30 in Brossard, Tsawwassen Mills in Tsawwassen, Hillcrest Mall in Richmond Hill and Conestoga Mall in Waterloo.

Christiano Ronaldo's FOOTLAB to open 1st store in Canada

FOOTLAB's first Canadian location is set to open at White Oaks Mall in London. The venue is a cornerstone of the transformation of the former Hudson's Bay space, joining IKEA and others as part of the mall's bold reimagining.

Farmland shines bright amid global trade tensions

Canada is an agricultural powerhouse, and extreme weather, trade tensions and geopolitical upheaval have underscored the value of the country’s farmland not only to food brokers but investors. 

Australia’s Sigma eyes UK Boots chain in $10B deal

The Australian owner of the Chemist Warehouse chain of pharmacies confirmed it’s one of the parties in talks to buy British drugstore chain Boots in a deal that could be worth as much as US$10 billion.

Hudson Pacific lands massive San Francisco office lease

The City of San Francisco will add 502,000 square feet to its current footprint at Hudson Pacific Properties' 1455 Market St., a 1.1 million-square-foot office tower. The full lease is valued at more than US$1B over its term.

Private equity firm launches new real estate platform

New York-based private equity firm Centre Street Partners has launched a new real estate service platform and made its first acquisition. The platform, Accretus, will be headed by Adam Friedman, who previously worked at BlackRock, Centre Street announced Tuesday.

Blackstone’s QTS eyes $1.3B data centre refi

A joint venture between Blackstone and QTS Realty Trust’s affiliates are set to obtain a US$1.3 billion CMBS refinancing loan for NAL1DC1, a 432,824-square-foot data center in in metro Columbus, Ohio.

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