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Montreal's Nofada makes its largest acquisition: 214-unit apt. towers
Nofada makes its largest acquisition: 214-unit apt. towers
Montreal's Nofada Immobilier has made the biggest acquisition in its 10-year history, purchasing the 214-unit Tours Chapdelaine from Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) for $35 million.
Great Canadian sells second B.C. casino to Petroglyph
Great Canadian Entertainment has a definitive agreement to sell a second British Columbia casino, the Elements Casino Victoria, to the Indigenous-owned Petroglyph Development Group Ltd. in what the two companies refer to as “another historic transaction for both parties.”
After two terrible years, REIT prices are soaring on the TSX
Two years into a painful correction, real estate investment trusts have turned on a dime. Since late June, the iShares S&P/TSX Capped REIT Index has surged 20 per cent.
 | CRE Data Deep Dive Multifamily residents want larger suites ... and they'll make sacrifices to get themSarah SegalCEO and co-founder, simplydbs |
Brookfield Asset Management may move head office to U.S.
Toronto-based Brookfield Asset Management (BAM-T) is considering moving its head office to New York to set it up to join a wider roster of stock indexes, as it seeks to expand the pool of potential investors in its stock.
Industry rep tackles criticism of 'financialized landlords'
While some say "financialized landlords" lead to higher rents, an industry representative said Canada's real estate market couldn't survive without these big firms. REALPAC CEO Michael Brooks spoke to CBC about the importance of REITs.
CRE teams are shifting focus to driving business value
Corporate real estate teams face mounting pressure to demonstrate the value of their investments as their companies prepare for expansion in coming years, according to a report from global real estate services firm Jones Lang LaSalle Inc.
Why CRE investors are only cautiously optimistic
Canadian commercial real estate started to show some real positive signs in Q2 of this year. Transaction volumes across asset classes ticked up slightly. Even beleaguered asset classes like office showed some glimmers of hope.
Port Lands emissions 7 times too high for new development
Levels of toxic emissions from the Port Lands gas plant are so high they could imperil the construction of tall residential buildings along the waterfront — land that has been remediated and flood-protected at public expense to prepare for new housing.
Laval announces future plans to develop Carré Laval
The City of Laval unveiled its plans to develop Carré Laval as a low-carbon neighbourhood with over 3,500 housing units in a mixed urban space. The Angus Development Corporation will oversee the first phase of the construction work.
New Rail Deck plan adds 1,700 additional housing units
Toronto's Rail Deck project was anticipated to include nine towers from 20 to 65 storeys in height and comprising 6,257 homes, but the development consortium behind it has filed a resubmission adding a 68-storey tower and 1,729 units.
Starlight selling 40-storey Aqua Tower in Metro Vancouver
Toronto-based Starlight Investments has made the decision to sell one of its prime properties in Metro Vancouver. Starlight acquired 900 Carnarvon St. in New Wesminster in October 2020. The property is valued at $118 million.
Western Canada hotel developers undeterred by wildfires
While weather-related disasters plagued Alberta and British Columbia over the last few summers, hotel investors and developers continue to show confidence in the sector’s potential. Even in the wake of losses, hotel transactions remained robust.
Spark by Hilton makes Canadian debut with Markham hotel
Hilton (HLT-N), in collaboration with JM Hospitality, has opened the Spark by Hilton Toronto Markham, marking the brand’s entry into Canada. The 72-room hotel north of Toronto joins eight other Spark hotels in various stages of development.
Rent increases in smaller markets outweigh big city declines
A new report says August rental rates fell in some of Canada’s largest and priciest markets, while prices rose in smaller markets. Rents have fallen in Toronto and Vancouver, but smaller cities like Quebec City and Regina mark double-digit increases.
Lululemon threatened to halt growth without TFW exemption
Lululemon Athletica told government officials it might halt a planned expansion if it didn’t get an exemption to hire temporary foreign workers (TFW) without first advertising jobs to Canadian residents, according to documents obtained by the Investigative Journalism Foundation.
Starwood turns over 1.6M-sq.-ft. office campus to lenders
Starwood Capital and Artisan Ventures have offloaded a 1.6-million-sq.-ft. office campus in El Segundo. Beacon Capital Partners’ Fund 9, along with Arizona-based 3Edgewood Real Estate, acquired a majority of the existing debt on the property.
Bridgewater nears deal for first NYC offices
Bridgewater Associates is close to a deal to lease office space in Manhattan, its first U.S. office outside of its headquarters in Westport, Conn. The hedge fund firm is planning to take space at 295 Fifth Ave.
Brookfield’s Hyler sees thaw in RE after two-year slump
Brookfield Asset Management said the real estate market is rebounding amid improved economic conditions. The headwinds in the sector that froze transactions the past two years are “in the rear-view mirror,” Brad Hyler, head of European real estate said.
Hines wants to invest more in retail, finds London attractive
Hines is targeting new investment in the retail sector as spending and occupancy recover after a decade in the doldrums. London is one of the most attractive cities for investment in retail real estate, according to the U.S. investment giant.
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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