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Tridel, CLTO partner on 5-tower Toronto Lawson site redev.
Tridel, CLTO partner on 5-tower Toronto Lawson redev.
Tridel and Community Living Toronto (CLTO) will partner on a major redevelopment which proposes five residential towers at CLTO’s 1710-1712 Ellesmere Rd. property in Toronto. It is also known locally as the Lawson property.
Timing might be right for HBC to revive Zellers brand
Hudson's Bay Company might have picked a good time to roll out the return of the Zellers department store brand, which begins this week with locations inside 25 Hudson's Bay stores across Canada.
Toronto’s downtown office district faces long-term slump
On a Thursday afternoon last month in Toronto’s financial district, one of the subterranean food courts was packed. It’s a different story on Mondays and Fridays, when hardly anyone is in the office and retailers are mostly empty.
Vancouver council to decide pace of Broadway development
Builders appear eager to redevelop the Broadway corridor after Vancouver’s previous council approved a plan for its “second downtown”. Now, the current council must decide how quickly to proceed. Five forces are shaping and contorting Canada’s housing market:
B.C. industrial investment over 3X higher than office in 2022
The industrial real estate market in Metro Vancouver is defined by a shortage of available space and land, and the amount of dollars being poured into industrial real estate shows demand is still strong, according to Avison Young.
 | The Apartment Building Expert Vertical villages can help solve affordable housing crisisDerek LoboFounder and CEO , SVN Rock Advisors Inc. |
Neighbourly sells 18 Man., Sask. properties for $12M
Neighbourly Pharmacy Inc. (NBLY-T), Canada's largest and fastest-growing network of independent pharmacies, has completed the planned divestiture of 18 real estate properties in Manitoba and Saskatchewan for net proceeds of approximately $12 million.
Killam sells Ottawa apartment building for $9.8M
Killam Apartment REIT (KMP-UN-T) has completed the disposition of 266 Bronson Ave., a 43-unit apartment building in Ottawa, for gross proceeds of $9.8 million. Killam's proceeds from the sale are $7 million.
HOOPP real estate gains 4.01% in 2022
The Healthcare of Ontario Pension Plan (HOOPP) posted an 8.60 per cent loss on its investment portfolio in 2022, its first loss in 14 years. In contrast, real estate gained 4.01 per cent and infrastructure returned 9.43 per cent.
Lafarge signs MOU for low-carbon cement additive
Progressive Planet Solutions Inc. and Lafarge Canada Inc. have signed a non-binding memorandum of understanding for Lafarge to purchase all the carbon-capturing cement additive produced by Progressive Planet's pilot manufacturing facility currently under construction.
Uniqlo opening store in Ottawa's Rideau Centre
Uniqlo is opening a store in Ottawa in June, its first foray into the nation's capital. The Japanese retailer's 15,000-square-foot store in the Rideau Centre will be located on the mall's third floor.
Sleep Country opens new Thunder Bay location
Sleep Country Canada Holdings Inc. (ZZZ-T) has opened a new store in Thunder Bay, Ont., as it continues to expansion its retail network. It increases Sleep Country's national store count to 290 locations.
UBS buys Credit Suisse, creates real estate giant
UBS has bought fellow banking giant Credit Suisse in a deal that will create a bank with an $80B commercial real estate loan book and more than $100B of real estate assets under management.
L.A’.s Fox Studio Lot to get $1.5B makeover
Fox Corp. is planning new sound stages and office space at the Fox Future Studio Lot Project in the Century City neighborhood of Los Angeles. The 1.6-million-square-foot undertaking will reportedly mark a $1.5 billion investment.
Lingerfelt, Partners Group buy $106M industrial portfolio
A joint venture of Lingerfelt and Partners Group has closed on a $105.6 million acquisition of a four-building, 1.2 million-square-foot multi-tenant class-A logistics portfolio in Richmond, Va.
China Evergrande to detail debt restructure plan Wednesday
Embattled developer China Evergrande Group plans to publish on Wednesday an offshore debt restructuring term sheet agreed to with a key offshore bondholder group, the firm’s lawyer told a Hong Kong court.
Owners, investors and renters all feel pain of higher rates
ANALYSIS: Homeowners who over-leveraged won’t be the only ones affected if the Bank of Canada's lending rate doesn’t come down. Renters will be displaced when those homeowners are forced to sell, or are motivated to find new tenants.
Five forces contorting Canadian home prices this spring
ANALYSIS: The real estate industry hopes the spring market, when sales traditionally surge, will turn around housing prices, which have fallen 19 per cent nationally since their peak a year ago. Five forces are shaping and contorting Canada’s housing market:
Canadian home price index declines again in February
Canadian home prices fell 0.3 per cent in February from January, as prices dropped in seven of the 11 major markets, Teranet–National Bank National Composite House Price data showed on Friday.
Saanich is looking for ways to build more housing
Saanich Mayor Dean Murdock wants the municipality to be more affordable — so he and council are looking at ways to get more housing built, both market and non-market. He said council is also working on changing the official community plan.
Industry Events
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Western Canada Apartment Investment Conference
May 07 2024
Vancouver
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Edmonton Real Estate Forum
May 08 2024
Edmonton Convention Centre
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Land & Development Conference
May 28 2024
Metro Toronto Convention Centre
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Montreal Real Estate Forum
Jun 06 2024
Montreal
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Southwestern Ont. Real Estate Forum
Jun 13 2024
RBC Place London
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