CF proposes new Vancouver office tower The Crystal

RENX  Commercial  •  Office  •  Metro Vancouver

Cadillac Fairview has submitted an updated development plan for The Crystal at Waterfront Square, a proposed 26-storey Vancouver office building which has been on the drawing board for four years since an original proposal was rejected by the city.

Long-awaited B.C. Southlands development begins

RENX  Residential  •  Condominiums, Apartments, Land, Homes  •  British Columbia

The massive Southlands master-planned community on the West Coast of British Columbia in Tsawwassen has been a long time in the making. In fact, Century Group‘s president thinks it might have the longest application history in the province – perhaps Canada.

U of Alberta set to develop Edmonton land

Commercial  •  CBC

The University of Alberta is forging ahead with plans to develop its land in south-central Edmonton. Last week, through an order in council, the province granted the school permission to lease out some approved parcels for up to 99 years.

Laval to turn old quarry into 91-acre urban centre

Residential, Commercial  •  CBC

The Quebec government has earmarked $10 million to help turn a former quarry into a car-free site that would include tourist attractions, stores, offices and research centres. “Carré Laval” would be a carbon-neutral project also featuring living spaces and schools.

Azuria Group to refresh 1960s apartment tower

Residential, Commercial  •  Urban Toronto

Azuria Group’s proposed plan for the Towne Apartments at 79-81 St Clair Ave. E. would heavily alter the first two floors of the 1968-built 20-storey, slab-style apartment tower. The existing two-storey podium would be expanded by 4,532 square feet of mixed-use space.

Article opens first Canadian warehouse in Vaughan

Commercial  •  Canada Newswire  •  RENX

Article has opened its first Canadian distribution facility in Vaughan. The warehouse adds 170,000 square feet of capacity to increase local product availability, decrease delivery times for Greater Toronto Area (GTA) customers and support Eastern Canada order fulfilment.

The People Space › People Space: New hires, new titles at Colliers, PIRET, Fiera…

Don Wilcox: Managing Editor

Toronto’s 15 most influential buildings of the 2010s

Residential, Commercial  •  Urban Toronto

The 2010s were a formative decade for urban development in Toronto, and among the hundreds of new buildings constructed in the city over the last 10 years, a select few stood out from the pack:

Via Rail issues RFQ for upgrades, new buildings

Commercial  •  Daily Commercial News

VIA Rail has issued an RFQ as the first phase of a procurement process to construct new buildings and make upgrades to its maintenance centres in Montreal and Toronto.

Link REM to Dorval VIA rail station: Committee

Commercial  •  Montreal Gazette

A committee that includes Aéroports de Montréal is asking PM Justin Trudeau and Quebec Premier François Legault to endorse an extension of the Réseau express métropolitain commuter system to connect Trudeau airport with the nearby VIA Rail station in Dorval.

Historic designation threatens development: Canad Inns

Commercial  •  CBC  •  Winnipeg Free Press  •  CBC

Adding the Somerset Building to Winnipeg’s list of historical resources would jeopardize plans Canad Inns has for its downtown properties, says the company. The development would link four of the company’s properties together under one name — Canad Place.

Canada’s online grocery market could grow to $30B

Commercial  •  Financial Post  •  CBC

PODCAST: Canadians buy almost everything online these days, yet we lag behind other countries when it comes to purchasing groceries over the internet. However, Montreal-based online grocery company Goodfood (FOOD-T) believes the market could grow to $30 billion per year.

QuadReal, Hines JV on $1.8B European fund

Residential  •  Property Funds World  •  RENX

Vancouver-headquartered QuadReal Property Group and Hines have entered into a JV targeting build-to-rent properties, student accommodation and serviced apartments across Europe. The JV will target a total investment volume of $730 million Cdn equity and $1.8B when factoring in leverage.

Ivanhoé adds 17 French assets to logistics portfolio

Commercial  •  IPE Real Assets

Ivanhoé Cambridge has paid an undisclosed amount to buy a portfolio of 17 logistics assets in France from The Carlyle Group. The 4.6-million-square-foot logistics portfolio is located in the main hubs of Paris and Lyon.

U.S. CRE contributes $1.14 trillion to the economy

Commercial  •  PR Newswire

The impact of new development and of the ongoing operations of existing U.S. CRE has grown to support 9.2 million American jobs and contribute $1.14 trillion to the U.S. GDP in 2019, a year-over-year increase from 8.3 million jobs and a contribution of $1.0 trillion.

China built an emergency hospital in 10 days

Commercial  •  Business Insider

On Sunday, China finished building an emergency hospital set up specifically to tackle the Wuhan coronavirus. It took 10 days. The 645,000-square-foot makeshift medical facility is made up of two floors and is already equipped with 1,000 beds and 30 intensive care units.

Limen cancels Junction condo project

Residential  •  Toronto Star

Buyers in a Junction condo-townhouse development are now awaiting the return of their deposits after Limen Developments Ltd. sent letters Monday saying the project has been cancelled. The agreements were conditional on Limen “obtaining and accepting financing for the construction.”

TD cuts posted mortgage rate

Residential  •  Globe and Mail (Sub. required)

TD cut its five-year posted rate for fixed-rate mortgages from 5.34 per cent to 4.99 per cent on Tuesday, while the bank’s customer, or “special” rate stands at 3.09 per cent, or 3.11 per cent with annual carrying fees included.

First-time buyer incentive ‘a flop’: Economist

Residential  •  Business In Vancouver

The federal First Time Home Buyer Incentive (FTHBI), introduced in September 2019, was used by only 29 buyers in Metro Vancouver and fewer than 3,000 buyers across Canada in the last four months of last year.

Northview Apartment REIT to repay tenants for illegal pet fees

Residential  •  CBC  •  RENX

Northview Apartment REIT (NVU-UN–T), one of the North’s largest landlords, has promised to refund the thousands of dollars it had illegally been charging tenants in “pet fees”on top of ordinary rent for having pets in pet-friendly buildings.