RioCan, Killam JV on Ottawa’s Gloucester City Centre

RioCan, Killam JV on Ottawa’s Gloucester City Centre

RioCan REIT chief executive officer Ed Sonshine calls Ottawa’s Gloucester City Centre “a perfect storm” for a real estate investor and developer. In a good way. And so, after this week’s announcement RioCan has partnered with Halifax-based Killam Apartment Real Estate Investment Trust to develop the 7.1-acre site, the two are moving forward at full speed.

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Enwave grows into thermal energy powerhouse

Residents of the GTA likely immediately think of Enwave Energy Corporation as a provider of green, chilled water to Toronto’s skyscrapers drawn from the depths of Lake Ontario. It turns out there is so much more to the Toronto-based company.

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PC Urban a fan of stacked industrial buildings

With residential and office buildings going vertical due to land constraints, the next step may be to do the same thing with light industrial buildings. “We’re terribly excited about it and we’re all in, in terms of our commitment to trying to find better ways to respond to the lack of land here in Vancouver,” said Brent Sawchyn, principal of Vancouver-based PC Urban Properties Corp

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Slate spends $165M for Toronto, Fredericton offices

Slate Office REIT has completed the acquisition of three office properties in Toronto and Fredericton for a total purchase price of $165-million. Among the properties is the three-building West Metro Corporate Centre in Etobicoke along the Highway 427 corridor.

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Vancouver pre-sale condo market ‘incredibly robust’

Metro Vancouver’s pre-sale condo market remains “incredibly robust” with demand showing no signs of abating for the rest of 2017, says the co-president of McNeill Lalonde & Associates (MLA) Canada, a new property marketing powerhouse formed by the joining of MAC Marketing Solutions and BLVD Marketing Group. “We’re seeing intense market pressure, price escalation and also [an increase] in buyer demand,” said Ryan Lalonde.

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Fox Harb’r: Luxury golf, homes in N.S. village

When it comes to home buying, the Nova Scotia village of Wallace, on the far side of the Wentworth Mountains, might not be the first place that springs to mind. But thanks to the ambition of a local boy who did well the village is home to what is arguably Atlantic Canada’s top golf destination and housing development. Fox Harb’r, a stunning resort of unparalleled luxury.

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Six months ago: What Canadians want in a national housing strategy

Nov. 22 was National Housing Day in Canada, and the federal government used that as a platform to release a report titled “What We Heard,” an analysis of consultation feedback on what Canadians want in a new national housing strategy.

Property Biz Canada

One year ago: Claridge, Ivanhoe Cambridge form investment partnership

Claridge and Ivanhoé Cambridge have created a partnership to invest alongside private property developers in mid-sized real estate projects in the Greater Montreal region. The partners are setting up a vehicle to invest about $100 million. They’ll be looking at development projects in the residential, mixed-use, light industrial and low-density office building sectors.

Property Biz Canada

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