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Shindico acquires Winnipeg shopping centre portfolio
Shindico acquires Winnipeg shopping centre portfolio
Winnipeg-based Shindico Realty says its acquisition of six local community shopping centres, totalling 228,018 square feet of leasable area with 52 tenants, is a vote of confidence in the city's retail sector.
Urbanation, Rentsync partner on apartment rental data platform
Urbanation and Rentsync have partnered to develop a comprehensive market data platform for rental housing properties in Canada.
Scalia proposes three-building mixed-use condos in Mtl.
Scalia Properties aims to demolish a strip mall and replace it with 400 condo units across three buildings in the Montreal suburb of Dollard-des-Ormeaux. The buildings, which would include street-level commercial units, would be next to a future REM station.
 | CRE Matters Why Ontario's property tax assessment system needs annual reassessmentsRobert BrazzellManaging Director, Ontario Property Tax Services, Colliers Canada |
G2S2 pens letter critical of Slate Office REIT mgmt.
In an open letter, G2S2 Capital Thursday claimed Slate Office REIT's (SOT-UN-T) recent announcement regarding a $45 million convertible debenture offering is unnecessarily dilutive to all unitholders and represents another "incomprehensive" decision made by the REIT in recent years.
Victoria approves Jawl's 10-storey commercial redev.
Victoria council has approved Jawl Properties’ redevelopment of the longtime home of the Capitol 6 Theatre. The 10-storey project – to be called Capitol VI - will include office space in addition to cafes and restaurants and a retail store.
 | Gentai Capital Gentai Capital Corporation named one of Canada’s top-growing companies of 2022Gentai Capital Corporation (“Gentai”), a specialized asset manager and non-bank lender, has been named one of Canada’s Top Growing Companies for the 4th time in the past 4 years. Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Sponsored by: Gentai Capital |
35-storey mixed-use Eglinton Ave. tower proposed
Land owner 1303035 Ontario Ltd and the Biglieri Group Ltd have proposed a 35-storey mixed-use tower at 2425 Eglinton Ave. E. The Icon Architects-designed tower would include 362 residential units, ground-level retail and three floors of office space.
Loblaw hikes supply chain charges for its suppliers
Loblaw Companies Ltd. is increasing how much it costs suppliers to get products on its grocery and drugstore shelves. Loblaw said it has experienced significant year-over-year increases in many of its supply chain costs, including higher “cartage” or freight costs.
Canada's newest Walmart Supercentre opens in Edmonton
Walmart Canada officially opened its new Edmonton Kingsway Walmart Supercentre today – the first new store in Alberta since 2015. The new Supercentre replaces the Edmonton Westmount store with the new addition of a fresh food assortment.
Scotiabank analyst remains high on REITs
Scotiabank REIT analyst Mario Saric pointed to unit prices that are 26 per cent below net asset value on average, a level of cheapness that has only happened four per cent of the time REITs have been available.
Oxford JV opens $3.8B Manhattan office tower
Oxford Properties Group, Related Cos., and Mitsui Fudosan America Wednesday opened 50 Hudson, a $3.8 billion 58-storey tower in Hudson Yards. At approximately $1,407 per square foot, it’s the most expensive office project in New York City.
PSP JV to invest $2.32B in U.K. life sciences
PSP Investments has struck a joint venture agreement with Norway's Norges Bank Investment Management and the U.S.' Longfellow Real Estate to invest $2.32 billion Cdn in the fast-growing U.K. life sciences real estate market.
Blackstone, Prologis battle for warehouse domination
Since the end of the Great Recession, warehouses have become one of the hottest sectors in real estate — and major investors Blackstone and Prologis are duking it out to become the dominant player.
U.S. office sales volume declining
As the U.S. economy emerged from the pandemic-induced recession, office sales volume began to improve in Q2 2021 and into Q1 2022. However, in the wake of tightening in financing rates, those sales volumes have begun to drop off again.
OSFI keeping close watch on mortgage lenders
Office of the Superintendent of Financial Institutions. Canada’s banking regulator, is raising red flags around growing risks in the mortgage market as interest rates rise and home prices cool. OSFI emphasized the need for readiness to confront these emerging risks.
Ontario proposes to double fines for cancelled projects
Ontario is planning to double the maximum fines for new homebuilders and sellers who unfairly cancel a project or purchase agreement. The New Home Construction Licensing Act changes would increase penalties up to $50,000 from $25,000.
Montreal to phase in 32% property-value increase over three years
The city of Montreal announced Wednesday it will phase in a 32 per cent property-value increase over three years to ease the impact on homeowners. Property tax rates are adjusted in each budget, taking into account changes in property values.
Owning Hamilton condo costs 20% more than renting: Zoocasa
Despite falling house prices, it still costs more to buy in Hamilton than it does to rent. The cost of owning a Hamilton condominium is nearly 20 per cent more than renting a one-bedroom apartment, according to Zoocasa.
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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