Recent Articles
Blackstone, Pure to acquire 1.5M-sq.-ft. Toronto industrial portfolio
Blackstone, Pure to acquire 1.5M-sq.-ft. Toronto ind. portfolio
Blackstone Real Estate (BX-N) has an agreement to acquire six Greater Toronto Area industrial properties comprising 1.5 million square feet of space for over $400 million.
Squamish Nation's Sen̓áḵw rising from the ashes
It took decades for the Squamish Nation to reclaim the waterfront territory below the southern end of Vancouver’s Burrard Street Bridge, known as Sen̓áḵw. The nation is transforming the land into one of the largest Indigenous-led developments in Canada’s history.
Winnipeg Foundation inherits 27 properties valued at $500M
A portfolio of 27 residential and commercial properties in Winnipeg has been bequeathed to the Winnipeg Foundation by the late Miriam Bergen. Ownership of Bergen’s company, Appleton Holdings, is being transferred to the Winnipeg Foundation as part of the arrangement.
More REIT taxes won’t solve housing crisis: CAPREIT CEO
OPINION: The solution to the housing crisis is simple: We need more homes, of all kinds. At CAPREIT (CAR-UN-T), we are part of that solution. We provide rental homes for Canadians. However, we have a simple problem.
Largest RE companies deal with cybersecurity gaps: KPMG
Despite the fact most Canadian real estate companies build smart tech into their buildings to monitor, manage and maintain many functions, few have invested to ensure these systems can't be hacked, according to research from KPMG in Canada.
FCT Commercial title insurance: it’s more than a policyWhat you need to know about protecting yourself when purchasing a commercial property under bankruptcy protection. Sponsored by: FCT |
Montreal's Pointe-Claire Plaza tentative sale falls through
Montreal's Plaza Pointe-Claire is no longer for sale. The mall was listed for sale in 2020 and developer Sotramont put in a bid to purchase the property earlier this year, but a tentative deal has since fallen through.
Vancouver passing water charges on to developers
Metro Vancouver is introducing water development cost charges (DCC) on residential and commercial buildings, shifting some of the cost from the taxpayer to developers for the first time.
Foodtastic to acquire Quesada Burritos & Tacos
Montreal-based Foodtastic, one of Canada’s largest restaurant companies, has an agreement to buy Quesada Burritos & Tacos – with about 175 locations – as it moves closer to its goal of $1 billion in sales by the end of 2023.
Mondou opens 80th store with plans for further expansion
Mondou, a Quebec specialty pet supply retailer, recently celebrated its 80th store opening and is looking to expand more into the Quebec market. The 80th store opened in L’Assomption on Nov. 10 and has 4,000 square feet of retail space.
SCEF enters Alberta market with 12 MW solar project
The Skyline Clean Energy Fund (SCEF) has entered the Alberta solar market with the acquisition of a ground-mounted 12 MW solar project southwest of the town of Bassano.
Brookfield buys N.J. CSX industrial site for $67M
Brookfield Asset Management bought an industrial and rail facility in Northern New Jersey from CSX for $67.3 million. Brookfield bought a 9.3-acre site at 1100 Newark Turnpike that includes a 58,500-square-foot industrial facility.
Colliers acquires majority stake in Belgian real estate adviser
Toronto-headquartered Colliers has acquired a majority stake in Belgium real estate adviser BelSquare. Including BelSquare’s 26-person team, the investment management company will now have 70 professionals for its Belgium operations.
Insurers suffer worst returns in decades on CRE loans
Life insurance companies may be feeling a bit sickly about real estate. They are enduring the worst returns in two decades on property mortgages, according to Trepp, a data provider that tracks securitized mortgages.
Starwood limits redemptions from nontraded REIT
Starwood Real Estate Income Trust is the second giant non-traded REIT - following on the heels of Blackstone Real Estate Income Trust - to cut off investors trying to pull their money out in the past week.
Montreal home sales drop to levels not seen since 2014
The Quebec Professional Association of Real Estate Brokers says November home sales in Montreal dropped to a level not seen since 2014 as rising interest rates lowered activity and drove up inventory.
T.O. home prices continue consecutive decline: TRREB
Toronto home prices dropped in November, the eighth consecutive monthly decline since the Bank of Canada started reducing the supply of cheap credit. New property listings also continued to drop, according to the Toronto Regional Real Estate Board.
B.C. property assessments to be 5-15% higher: Agency
BC Assessment says most homeowners can expect a five to 15 per cent rise in values when notices are issued Jan. 3. However, it says those figures are based on the market as of July 1 and conditions have changed.
Teleworking will impact housing markets, office space
OPINION: Statistics Canada’s analysis of Census data shows that even two years after the onset of the pandemic, an unexpectedly large share of the employed labour force continues to stay home.
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