Transaction talk was the focal point of one of the panels at the virtual Canadian Apartment Investment Conference. CBRE’s Marc Hetu reported Canadian multiresidential investment activity was $4.4 billion as of Aug. 20, ahead of the same period in 2020.
Montreal-based developer Broccolini Real Estate Group is expanding in a new area of its home city with the acquisition of 57 acres of land along Highway 40 straddling the borough of Anjou and the City of Montreal East.
Damon Motors announced it will build a cleantech manufacturing and R&D plant in Surrey. The state-of-the-art, 110,000-square-foot facility, being developed in partnership with Bosa Properties, will serve as ground zero for production of Damon’s flagship HyperSport.
Victoria has one of the smallest commercial real estate footprints among major Canadian cities, but it kicks far above its weight in the metrics that define a market giant, according to a recent national survey by Colliers Canada.
Managing Director, Portfolio Management, Hazelview Investments
The Equiton Residential Income Fund announced the acquisition of a multifamily residential building that stands 18 storeys and has 129 units in London, Ont. The Kingswell Towers, acquired for $34 million, offers one- and two-bedroom rental apartments and expansive two- and three-bedroom penthouses.
Western University has purchased for $7.3 million a major piece of downtown London real estate, where the school plans to hold public lectures and become part of the community off-campus, a key part of its strategic plan.
Town council in Namur, Que., recently turned down a plan by Montreal-based developer Yul Créations Inc. to erect a 54-storey luxury condo tower in the middle of a dense, remote forest.
In a postpandemic world, the desire among commercial properties to maintain security protocols is unlikely to wane. Though COVID-19 may have accelerated the demand for contactless deliveries, some businesses are finding they make good sense.
Three of the four founders of Laval’s Alimentation Couche-Tard Inc. (ATD-A-T) – Jacques D’Amours, Réal Plourde and Richard Fortin – recently sold shares in convenience store chain for more than $300 million.
Starlight U.S. Residential Fund, an affiliate of Starlight Group Property Holdings Inc., is preparing to trade some of its units on the TSX, and intends to raise up to US$198 million for its U.S. Residential Fund.
The U.S. owner of doughnut retail concept Krispy Kreme has taken a majority controlling stake in the Canadian franchised operations Krispy K Canada. As part of the deal, Krispy Kreme says that it plans to expand from its current 10 locations.
Cineworld Group PLC’s chief executive Moshe “Mooky” Greidinger was planning to sell off Cineplex Inc.’s RecRoom and signage business in a secret initiative he called “Project Jumanji,” Ontario Superior Court of Justice was told Wednesday.
Commercial landlord Great Portland Estates said on Tuesday it had sold a central London office building for $311 million Cdn, as the company reported its “strongest” quarterly performance since the pandemic took hold.
According to JLL’s latest Hong Kong Property Market Monitor Report, net absorption in the overall office market continued to decrease to -10,900 square feet in August.
Stephen Brown, Capital Economics‘ senior economist for Canada, says smaller cities face even bigger risks than the large centres covered in CMHC’s recent assessment of a pending correction. Prices in some smaller centres have soared by more than 30%, said Brown.
VIDEO: Don Kottick, CEO of Sotheby’s International Realty Canada, talks with Financial Post’s Larysa Harapyn about the fall market outlook.
Atlantic Canada attracted a record 7,500 interprovincial migrants in Q2 2001, said RBC analyst Carrie Freestone in a note to clients. That’s a larger haul of new residents than in 2019 and 2020 combined.
Ontario’s population is growing rapidly, which will require the building of one million new homes in the next 10 years, according to Baby Needs a New Home, a new research paper from Smart Prosperity Institute.