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Walmart acquires 85-acre Vaughan, Ont. industrial dev. site

3 days ago

Walmart acquires 85-acre Vaughan, Ont. industrial dev. site

After opening a distribution centre in the Greater Toronto Area city of Vaughan this past fall, Walmart Canada has acquired a large piece of industrial land not too far away and is planning another new facility, RENX has learned.

CRE activity to rise in 2026 as more workers return to office

Royal LePage’s 2026 commercial real estate report forcasts commercial real estate activity is going to pick up this year in part due to return-to-office mandates, however momentum within the industrial sector has softened amid ongoing trade disruptions.

CPPIB, Equinix to buy data-centre operator: $4B deal

Canada Pension Plan Investment Board and Equinix have agreed to acquire Nordic data centre operator atNorth from private equity firm Partners Group in a deal valued at about US$4-billion. atNorth operates eight data centres in Nordic countries.

The case for people-first leadership in the housing sector

GUEST COLUMN: Jacob Cohen, president, The Daniels Corporation writes Short-term pivots may relieve immediate pressure, but they cannot create long-term stability. What Canada's land development sector needs now is steady, people-first leadership, grounded in preparation, values and the discipline.

Air rights application filed for 68-storey tower on Yonge

A proposed redevelopment from CentreCourt, Fitzrovia and Choice Properties REIT at 543 Yonge St. is soon going before Toronto's Committee of Adjustment, where a consent application seeks to sever and transfer air rights from the adjacent building to the north.

The sky’s the Limit: Squamish Nation's 11-tower dev.

The Squamish Nation is building a skyline-defining 11-tower development on reclaimed territory in Vancouver that represents a path to economic independence. Three towers rise from the south end of the Burrard Street Bridge, which connects downtown Vancouver to Kitsilano.

Leyad’s portfolio focused on 'consistent' Prairie markets

Montreal-based real estate investment firm Leyad has acquired the St. Vital Centre in Winnipeg for $160.5 million as it focuses on properties delivering consistent returns in growth markets.

A new commercial hub at the heart of Domaine Vert Nord

Investissement Ray Junior announced the launch of its new commercial complex located in Cité Mirabel. The complex will include two buildings – Building B will offer 25,200 sq. ft. over two floors and Building D will be 9,172 sq. ft.

Edward Rogers steers a unified Toronto sports empire

The office campus of Rogers Communications in Toronto offers a compelling metaphor of the company itself, built through a series of extensions and acquisitions, all eventually, and seemingly inevitably, connected. 

JLL Canada's 2026 Retail Outlook tells a nuanced story

JLL Canada released its 2026 Commercial Real Estate Outlook last week, and the headline numbers on the retail side are stronger than expected. National retail investment volumes reached $6.6 billion in 2025, up 10 per cent over 2024. 

Loblaw continues pivot to discount stores, labels

Loblaw Cos. Ltd. (L-T) continues to lean into discount stores and private label products as consumers relentlessly hunt for value. “More than ever, we’ve seen Canadians prioritize value,” said CEO Per Bank on the company’s Q4 earnings call on Wednesday.

Major housing project at Mic Mac Mall grows to 3,800 units

M-District, a housing project planned for Dartmouth’s Mic Mac Mall, is inching closer with a deal between developers and the city. It will culminate in around 3,800 units between two developers but may eventually support up to 4,600 units.

Central Eligin in SW Ont. ready to build 3,500 new homes

The tiny southwestern Ontario Municipality of Central Elgin is gearing up for an increased housing demand, as Volkswagen's EV battery plant in neighbouring St. Thomas gets closer to reality. It is seeking "experienced development partners" to deliver a complete community.

What the Barrie annexation means for Simcoe County

As the City of Barrie negotiated for years to annex lands from the neighbouring townships of Springwater and Oro-Medonte, some developers saw an opportunity and poured millions of dollars into buying up properties along Barrie’s border.

Mobile home park on Westbank First Nation sells

After weeks of speculation, Unison HM Commercial Realty announced Westview Village Mobile Home Park has changed hands. The 55 acre property on Highway 97 outside Kelowna includes 284 pads. Listed for $34.5 million, the actual price remains confidential.

Kirkland Lake, Ontario modular factory doubles as a training hub

The $20-million, 24,000-square-foot Indigenous-women-led modular home factory in Kirkland Lake is on course to finish construction July 1 of this year, with homes going on sale later this summer.

Foreign investment surges to strongest level since 2007

Foreign direct investment into Canada jumped in the fourth quarter, pushing yearly inflows to the highest level in 18 years. FDI totalled $25.1 billion between October and December, Statistics Canada reported Thursday. 

Newmark profit jumps 41% behind surging sales

Newmark CEO Barry Gosin shrugged off the artificial intelligence fears that have plagued other brokerages as his company posted record quarterly and full-year revenue and quarterly net income up more than 40 per cent year-over-year.

Caesars casino chain draws buyout interest, report says

Caesars Entertainment Inc., the large U.S. casino operator, is considering takeover offers including a bid from billionaire Tilman Fertitta, the Financial Times reported, citing people with knowledge of the matter.

Construction in top data centre markets slows for first time in years

The hurdles to getting data centre projects underway in the U.S. has led to a construction slowdown in the industry's largest hubs, exacerbating the supply shortage for markets with record low vacancy.  

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