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Fonds FTQ, Montoni go it alone on huge Montréal Molson redev.
Fonds FTQ, Montoni go it alone on huge Mtl. Molson redev.
Fonds immobilier de solidarité FTQ and Groupe Montoni will remain partners in the massive redevelopment of the former Montréal Molson brewery site, after they acquired the interest of Groupe Sélection as part of the firm’s restructuring proceedings.
Montoni to develop Mondou retail distribution centre
Groupe Montoni and Legault Group have started construction on an automated distribution centre in CentrOparc in Mascouche, Que., to service Legault's Mondou chain of pet supply stores. The development represents an investment of over $90 million.
Canada needs 3.5M more homes by 2030: CMHC
The Canada Mortgage and Housing Corporation (CMHC) suggests an additional 3.5 million homes – on top of what is already being built – will be needed by 2030 to bring down prices to a target level of what it considers 'affordability'.
World Green Building Week: Energy, carbon, resilience focus
The Canada Green Building Council is joining a global network of peers during World Green Building Week in promoting energy efficiency, lowering carbon emissions and resiliency in the built environment. The campaign involves over 75 national Green Building Councils.
Pockets of opportunity in office, retail exist: AIMCo CIO
VIDEO: Alberta Investment Management Corporation (AIMCo) CIO Marlene Puffer sees pockets of opportunity in office and retail in real estate. She speaks with Haslinda Amin from the sidelines of the 10th Milken Institute Asia Summit in Singapore.
First Nation seeks to build B.C. waterfront development
The Stz’uminus First Nation and its economic development arm, Coast Salish Group, hope to take over water leases in Ladysmith Harbour as the first step toward a development comprising about 1,200 boat houses, slips, moorage and commercial/retail space.
Post-COVID recovery plagues T.O. waterfront businesses
Pedestrian traffic in the district has dropped, says Toronto's Waterfront Business Improvement Area. The post-pandemic recovery for which merchants have longed hasn't materialized. Part of the reason could be the smoky summer, said Waterfront BIA’s executive director Tim Kocur.
Pet Valu opens 670K-sq.-ft. distribution centre in Brampton
Pet Valu Holdings Ltd. (PET-T) announced today the official opening of its state-of-the-art 670,000-square-foot distribution centre in Brampton. It represents Canada's largest distribution centre and robotics automation installation dedicated to serving the pet specialty industry.
Construction begins on Surrey's $2.9B Cloverdale hospital
Early site preparation works are underway on the future site of Cloverdale hospital, marking the official start of construction on Surrey’s second hospital. The project’s total cost has ballooned by nearly 75% to a price tag of $2.88 billion.
Toronto just got a new light show
The skyline is going through a period of intense transformation, a metamorphosis that took another big step this summer when the crown lighting flicked on for Toronto’s newest office tower - Cadillac Fairview’s 160 Front Street West dubbed TD Terrace.
Average asking rent price sets a record
Although the pace of increase has come down ever so slightly, the price of rental accommodation in Canada continues to go up, with the average new tenant now being asked to pay $2,117 a month, according to Rentals.ca.
Vancouver welcomes 354 units through rental initiative
The Government of Canada announced it has provided $150 million in fully repayable low-interest loans through the Rental Construction Financing Initiative (RCFi) to bring more than 364 purpose-built rental units to market in Vancouver.
Ontario removes chair, treasurer of condo regulator
Heather Zordel, who was named chair of the Condominium Authority of Ontario in 2018, and Margaret Samuel, who has been on the board since 2019, had their appointments revoked just a week before the authority’s scheduled annual general meeting.
HCRA takes action against two Ontario homebuilders
The Home Construction Regulatory Authority (HCRA) has refused to renew the licence of Mansoura Development for failing to meet Tarion warranty conditions. Altona Custom Homes and a director were convicted of failing to enrol a new home in the program.
Amazon opens $1B Fifth Avenue office
Three years after buying the former Lord & Taylor department store building from WeWork for nearly $1 billion US, Amazon officially opened its new Fifth Avenue office building Tuesday for a markedly changed workplace.
U.S. REITs report strong quarterly balance sheets
In the face of the broader uncertainty hanging over the commercial real estate investment market, publicly traded U.S. REITs have maintained healthy balance sheets and continue to report strong revenues, according to the latest Nareit T-Tracker report.
Activist investor renews attack on health care REIT Ventas
Activist investor Jonathan Litt is again requesting board changes at health care and senior housing REIT Ventas, citing its undervaluation compared to peer Welltower as his main concern. The action marks Litt's second run at a proxy battle with Ventas.
15 years later, Lehman's RE loan book still isn’t unwound
Friday marks the 15th anniversary of Lehman Brothers filing for bankruptcy. However, the event that set off a chain of events leading to the Global Financial Crisis still echoes: A trio of zombie loans worth $255M US remain undead.
Yardi, 18 firms accused of rent-fixing in lawsuit
Yardi Systems and 18 property management companies were named in a federal class-action lawsuit accusing them of engaging in a scheme to fix apartment rents across the U.S., alleging Yardi’s RENTmaximizer tool served to eliminate competition by automating rent increases.
Chinese market bigger risk than U.S., EU: Survey
China's property market is now the No. 1 concern for fund managers worried about a "global systemic credit event," a new Bank of America survey says. A third of respondents cited Chinese real estate as the most serious credit risk.
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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