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Ontario

Municipality not responsible for misrepresentations during rezoning: Ont. court

Daniel Waldman Residential Development National Aug. 20 2021

If a municipality provides a developer with inaccurate information during a rezoning process, it cannot necessarily be held responsible for the resulting damages. This was confirmed in a recent decision from the Ontario Court of Appeal, which held that municipalities

Nexus to acquire 9 industrial properties, in 4 provinces, for $359M

RENX Staff Commercial Transactions Ontario Aug. 16 2021

Nexus REIT (NXR-UN-T) announced Monday afternoon it has deals to acquire a total of nine distribution centres and other industrial properties in four provinces, for a total price of $359 million, as it continues to transform to a pure-play industrial entity.

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