Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

Have office-to-residential conversions run their course?

2 weeks ago

Have office-to-residential conversions run their course?

More than 10 million square feet of Canadian office space has been converted, demolished, put into the pipeline for redevelopment or rumoured to become so, according to Avison Young's principal and director of market intelligence for Canada, Marie-France Benoit.

Groupe HD and Fondaction break ground on $425M project

Groupe HD and Fondaction officially broke ground last week on a development which will ultimately bring nearly 1,200 residential units to a neighbourhood connected to the Olympic District of Montreal.

Industrial development may be Winnipeg's largest ever

Winnipeg has received an application for what is believed to be the largest industrial development ever proposed in the city. Winnipeg-based Jessiman Family Investments has applied to develop a 700-acre industrial park in CentrePort South.

Toronto just approved a new 91-storey megatower

City council voted last week to adopt the plan from B.C.-based developer Goband Investment and local design firm SvN that would bring one of the city's tallest buildings to a block spanning 17-25 Toronto St. and 55-57 Adelaide St. E.

Why Canada no longer sends half its CRE money south

The commercial real estate investment pipeline from Canada to the U.S. has sprung leaks. A year of tariffs and “51st state” ribbing has alienated Canadians, and the country’s institutional investors have dialed back their U.S. real estate bets.

2,000 rental units planned for St. Thomas

Drewlo Holdings, a real estate and property management company that operates in six southwestern Ontario cities, is proposing to build six apartment buildings with between 1,800 and 2,000 rental units on a former rail terminal site in east St. Thomas.

Still bankrupt, Huot is behind 3 projects in Lotbinière

Although still bankrupt and $375 million in debt, disgraced developer Stéphan Huot is working on the development of about a hundred new residential buildings and a small commercial mall in Lotbinière.

Van. tower proposal increases height, cuts social housing

Vancouver developer Amacon has submitted a revised proposal for a dual tower project in the 1700-block of West 8th Ave. that will reduce the number of social housing units by nine and add 20 more strata units.

Cowichan lawyers argue case should not be reopened

Private landowners have no place participating in the Cowichan Tribes’ Aboriginal title case, a lawyer for the First Nations argued Tuesday. B.C. Supreme Court Justice Barbara Young is hearing submissions this week on an application to reopen the case.

Property owners cry foul after $1.3B Cowichan ruling

In August, B.C.'s Supreme Court ruled the Cowichan have title to 3.2 square kilometres of an industrial zone in Richmond — land worth about $1.3 billion. Far from settling the issue, the ruling has triggered a backlash.

23-acre Kelowna shopping centre listed for sale

Westbank Hub North, one of the largest open-air shopping centres in West Kelowna, was listed for sale last week. The property consists of four legal parcels and is home to a Walmart, Dollarama, Anytime Fitness, London Drugs and several quick-service restaurants.

Original Halifax shopping centre tenant leaving

Lawtons Drugs, a fixture at the Halifax Shopping Centre since 1962, will cease operations on Aug. 31. Lawtons' exit follows the departures of Hallmark in January and Laura Secord in April. The shopping centre is owned by Primaris REIT (PMZ-UN-T).

New building codes expected to drive up costs in Quebec

Future buyers and renters will face a bill in the hundreds of millions of dollars due to a stricter building code in Quebec, set to take effect in October. Amid a housing crisis, the industry is calling for a pause.

Ontario HST rebate boosts homes, condos still lag

Ontario’s expanded HST rebate is boosting sales of newly built houses by lowering costs for buyers, but condo demand remains weak as oversupply, affordability concerns and investor pullback continue to weigh on the market.

Pre-sale buyers challenge Burnaby condo contracts

More than three dozen pre-sale purchasers of Eclipse tower condos are asking a B.C. Supreme Court judge to declare their contracts unenforceable for alleged breaches of B.C.’s Real Estate Development Marketing Act.

Economy, U.S. shaking housing market confidence

Anxiety over the economy and geopolitics are sidelining Canadians on the housing market, a survey of real estate agents by Ownright has found, with two-thirds reporting clients are more risk-averse than they were before 2022.

Dream Unlimited close to buying industrial specialist Chancerygate

Toronto-listed asset manager Dream Unlimited is closing in on a deal to acquire industrial developer Chancerygate. Dream would buy out Chancerygate founder Andrew Johnson while the company’s existing management team will remain and retain a minority stake in the business.

Brookfield sells tower for 87% less than it paid in 2011

Canada-based investment giant Brookfield has offloaded yet another D.C.-area office property for a massive discount. Florida-based In-Rel Properties paid US$20 million for 3 Bethesda Metro Center, a 388,000-sq.-ft. building next to the Bethesda Metro station.

PGIM backs $4B of U.S. land-bank deals in asset-based push

Prudential Financial Inc.’s asset-management arm has financed about US$4 billion of land-banking projects through a partnership with Domain Real Estate Partners, part of a push to gain exposure to the U.S. homebuilding industry.

JPMorgan plans liquidation of 24-year-old real estate fund

The investment banking giant is liquidating its JP Morgan US Real Estate Income and Growth Fund, a core-plus fund that had more than US$1B in assets as of late 2025. 

Industry Events