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Phase 4 nearly complete at PCI's King George Hub in Surrey

3 weeks ago

Phase 4 nearly complete at PCI's King George Hub in Surrey

PCI Developments is approaching completion of the fourth phase of the King George Hub master-planned development in Surrey, B.C. Roughly 10 years into the transformational project in the city's core, the latest phase includes two residential towers.

Largest acquisitions or sales: Canadian REITs in 2024

Now that February has come and passed, all of the biggest Canadian real estate investment trusts (REITs) have published their Q4 and year-end financial reports, officially closing the chapter on the year that was.

Montreal welcomes new life-sciences hub

Build it, and they will come – that’s the thinking behind Inspire Bio Innovations, a new life-sciences hub in downtown Montreal that’s intended to attract biotech startups, foster research and development (R&D), and facilitate collaboration.

Wall Financial celebrates life of founder Peter Wall

Wall Financial Corporation is honouring the life of its founder, Peter Wall. A trailblazing entrepreneur, philanthropist and city-builder, his influence on Vancouver's skyline, cultural landscape and intellectual community will be felt for generations.

Vancouver proposes pre-zoning Broadway, Cambie plans

Select areas of Vancouver's Broadway Plan and Cambie Corridor Plan are being considered for pre-zoning changes, effectively rezoning to allow for higher-density uses already permitted under their respective area plans, allowing developers to proceed immediately with development permit applications.

Kingston says no to high-rise co-op with vertical farming

A city council decision to sell a 0.5-hectare property on the open market will likely mean the end of a proposal to build a 248-unit co-operative housing building which would include a vertical farming component.

Ottawa moves to block ‘predatory’ investments

Canada’s industry minister is looking to block what he calls “predatory investment behaviour” as a trade war with the U.S. continues. François-Philippe Champagne warned Canadian businesses could be at risk due to the sweeping tariffs imposed by President Donald Trump.

Business leaders say trade ties with U.S. deeply scarred

Tariffs have permanently tainted Canada-U.S. relations, according to prominent Canadian business leaders, who say the country needs a new game plan for a changed world. Business leaders warn Canada’s economic ties to its southern neighbour will never look the same.

U.S. tariffs slow pace of homebuilding in Canada: CHBA

Canada's building industry is warning a trade war with the U.S. will slow the pace of home construction. Canadian Home Builders' Association CEO Kevin Lee said tariffs on construction materials would drive up costs for builders. 

Edmonton expected to weather tariff impacts

Edmonton exports approximately $14 billion in goods to the U.S. annually, accounting for 9.7 per cent of the city's GDP. It ranks 24th out of 41 Canadian cities in terms of vulnerability to tariffs imposed by the U.S. administration.

Edmonton’s retail market sees positive outlook

Edmonton’s retail market is experiencing significant growth, fuelled by strong immigration, interprovincial migration, and a lower cost of living compared to the rest of Canada. Paul Raimundo, principal at Avison Young advised there is a boom in suburban retail markets.

CentreVenture deficits no cause for concern: new CEO

CentreVenture Development Corp., CEO Rochelle Squires will attend the City of Winnipeg’s committee on finance and economic development Friday. CentreVenture is an arm’s-length agency supporting private-sector development in the downtown, often positioning city-owned properties for development or redevelopment.

AI-powered robotics are building smarter structures

UBC Smart Structures is pioneering new construction practices, including modular, robotic and AI-driven methods. With Ottawa’s aim to build 3.9 million new homes by 2031, the lab’s innovations could help Canada get there sooner rather than later.

Yardi acquires visual media technology firm LCP Media

Yardi has acquired LCP Media, a visual media technology company that creates virtual tours, photography and other media for the rental housing industry. The deal brings visual media expertise to the Yardi multifamily suite of offerings

VendorPM expands platform with contract management

VendorPM has launched its contract management module, making VendorPM the only solution in the industry to unify vendor credentialing, eTendering and contract management into a single workflow, the company states.

Goldman sole investment bank on $19-billion ports deal

One of the biggest infrastructure deals in years has a clear winner on Wall Street. Goldman Sachs Group is the only investment bank working on the sale of CK Hutchison Holdings Ltd. ports to a consortium led by BlackRock Inc.

U.S. administration identifies 80M SF of buildings to sell

The General Services Administration, which acts as the federal government’s real estate arm, announced Tuesday it has identified 443 properties across the country it could dispose of, the vast majority of which are office buildings.

DOGE’s terminated leases climb to 748, legal fight looms

The Department of Government Efficiency has added over 500 leases spanning all 50 states to its list of terminated deals, bringing the total to 748 lease cancellations across 9.6 million square feet. Legal challenges are expected to follow.

Investors were hot for D.C.-area apts. until Trump arrived

At the beginning of 2025, development firm Middleburg Communities had been targeting D.C.-area suburbs in Maryland and Virginia for ground-up multifamily investment. The company was conducting due diligence and entitlements on a site in Greenbelt, Md.

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