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Homestead acquires The Diplomats apartments from GWLRA
Homestead acquires The Diplomats apartments from GWLRA
Homestead Land Holdings Ltd., has acquired The Diplomats, a two-tower apartment complex in Burlington, Ont., from GWL Realty Advisors (GWLRA) as the firm continues recycling capital into its new development projects.
A major office sale that wasn't (just) about the 'office'
One of Quebec’s largest office transactions this year had a successful conclusion when the vendor’s brokerage acted as if the office complex wasn’t really an office complex.
GO station to open up Woodbine Racetrack for development
A new GO commuter train station at Toronto’s suburban Woodbine Racetrack is being touted as the anchor to kick off one of Canada’s largest urban developments by the facility owners, Woodbine Entertainment.
RENX taking a vacation June 30 to July 4
TO OUR VALUED READERS: RENX staff will be taking our annual break for a hard-earned vacation during the week of June 30 through July 4.
Power grid access hampers Alberta's $100B data centre hopes
Alberta Utilities Minister Nathan Neudorf knows he’s facing concerns from the electricity industry on a key issue for the province — Alberta’s opportunity to attract billions of dollars in new data centre investment.
BMO to bring staff back to the office four days a week
Bank of Montreal is the third major lender requiring staff to work from the office four days a week, signalling that major employers in Canada’s financial sector could soon follow suit.
Ruby Liu pushes back against Cadillac Fairview criticism
Central Walk, the B.C.-based mall owner controlled by billionaire Weihong (Ruby) Liu, is pushing back against concerns raised by a major Hudson’s Bay Co. landlord that Liu has not provided a concrete business plan to operate a department store.
Last-mile e-commerce delivery giant UniUni raises $95.6M
Uni Express Inc., has completed its third financing of the past year, raising $95.6 million (US$70M). B.C.-based UniUni operates a low-cost, last-mile delivery service with more than 110 warehouses across North America.
Vancouver developers, marketers lay off staff, sell off assets
OPINION: Vancouver’s real estate industry had a great run at the height of the pandemic, but three years on, major marketers and developers are laying off staff and selling off assets.
14 emerging areas in Greater Toronto, Metro Vancouver
The Wexford-Maryvale area in Toronto and Fraser Mills in Coquitlam are among the enclaves recognized by ReMax Canada in its Next Neighbourhoods Report, which identifies emerging districts in the two cities where homebuyers want to live.
Toronto slaps down plan to replace strip club with condos
Plans to redevelop a landmark Toronto strip club with a 64-storey condo tower have hit a snag following a refusal report from city planners. A proposed redevelopment of the Brass Rail has been in the works since September 2022.
Nearly 3,900 new homes in 19 towers approved in Vancouver
Over the course of the second quarter of 2025 — the months of April, May and June — Vancouver City Council approved a combined total of 3,879 new homes across 19 highrise towers.
Peel region to lower development charges 50% for 16 months
Peel Region Council voted this week to reduce development charges by 50 per cent from Jul. 10, 2025 to Nov. 13, 2026 in order to spur housing development and make homes in Caledon, Brampton and Mississauga more affordable.
27-storey tower proposed on Lakeshore Road in Burlington
The Rosseau Group and Lakeside Developments Limited have proposed a 27-storey residential building for a vacant site at 2083 Old Lakeshore Rd. The proposal would see 196 primarily two-bedroom units built.
Inside the new Rogers Stadium 50,000-person concert venue
Live Nation hopes to use the temporary 50,000-person concert venue Rogers Stadium for at least five years, in partnership with Public Sector Pension Investment Board’s Northcrest Developments. It was built in just nine months.
How to steal a house
When Arash Missaghi was murdered in suburban Toronto last year, his killer accused him of swiping properties and ruining his investors’ lives. The events leading up to that violent day had been set in motion a year and a half earlier.
Blackstone deepens CRE bet with $2B Atlantic Union loan purchase
Alternative asset manager Blackstone has bought nearly US$2 billion worth of commercial real estate loans from regional lender Atlantic Union Bankshares, further extending its aggressive push into the CRE sector.
Former Vornado exec charged with embezzling $9.5M from REIT
A former vice president at Vornado Realty Trust allegedly funnelled millions of dollars from the REIT into accounts he controlled, according to an unsealed indictment filed by U.S. federal prosecutors. Prosecutors allege Jared Solomon embezzled as much as US$9.5M.
U.S. REITs offer insights into early tariff impacts
Private real estate owners and investors searching for clues on how tariffs are likely to affect CRE are tuning in to what public REIT executives are saying. The word of the hour remains “uncertainty.”
London office bought by Goldman in 2018 on sale at 30% off
An office overlooking the River Thames has been put back on the market for roughly the amount of debt secured against it, an over-30 per cent discount to its previous asking price.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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Saskatchewan Real Estate Forum
Oct 16 2025
TCU Place, Saskatoon
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