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Evaluating apartment building sales in Canada's 3 largest markets
Evaluating apartment building sales in the 3 largest markets
Slow pre-construction condo sales have plagued Canada’s multiresidential market, but rental housing has become an increasingly popular alternative leading to increased transaction volume in apartment buildings. That is being borne out in Canada's three largest cities, Toronto, Montreal and Vancouver.
FirstService Residential acquires Core Real Estate Group
Edmonton’s Core Real Estate Group is being acquired by Toronto-based property management giant FirstService Residential (FSV-T), adding approximately 15,000 residential units into its portfolio, the companies announced Thursday.
Primaris is in talks for mall properties worth $4B: CEO
The best returning real estate investment trust in Canada has made its money by offering the country’s pension funds a way out of a type of property they don’t want. And it’s only getting started.
Fiera announces new CEO, overhauls executive leadership
Fiera Capital Corp. (FSZ-T) is overhauling its executive leadership as founder and chief executive officer Jean-Guy Desjardins steps down for a second time and hands the reins to Maxime Ménard, the head of the company’s Canadian operations.
What it would take to get to 500,000 homes a year
In the thick of a housing crisis, industry players welcomed the ambition of the Liberals' campaign pledge. But builders, analysts and academics are skeptical of whether it’s feasible. They warn a large swath of Canadian land is unprepared for housing.
Waterloo approves sale of 24-acre site to ULD
Waterloo has approved the sale of the city-owned former Kraus Lands to Urban Legend Developments, for a mixed-use community plan for nearly 5,000 residents. The 34-acre greenfield site will feature a a mix of housing options and commercial amenities.
Vancouver council refers Broadway rezoning for more work
Vancouver city council sent a rezoning application for a new residential rental tower in Mount Pleasant back to staff this week for more work, a move some interpret as a response to growing public criticism of the high-density Broadway plan.
Can condos ever create cool neighbourhoods?
Developers behind Mirvish Village, the massive mixed-use development replacing the iconic Honest Ed’s store and nearby retail, hope to keep some of the area’s eccentric vibe through micro retail spaces at its new Honest Ed’s Alley.
How's Canada doing? Big bank results will be a 'signpost'
Investors will be keeping an eye on how much money Canada’s biggest lenders have set aside to tackle loans that may potentially go bad when they release their second-quarter results later this month.
Canada's unemployment rate ticks up to 6.9% in April
Canada's unemployment rate ticked up to 6.9 per cent in April, from 6.7 per cent the month before, Statistics Canada said on Friday. The economy added a very slight 7,400 jobs during the month.
Canada Infrastructure Bank tops $1B in FN-led projects
The Canada Infrastructure Bank has surpassed $1-billion in funding for Indigenous projects and equity interests, and is now planning for more as the country contemplates the concept of energy corridors to bolster sovereignty, its chief executive officer says.
Former Toronto postal building is turning into a food market
The fate of a well-loved Toronto landmark has taken another turn after the iconic Beaux Arts-style building was closed for three years. The former Postal Station C at 1117 Queen St. W. will live on as a grocery store.
Colliers adds top-tier firm to Canadian engineering platform
Colliers (CIGI-T) announced its Canadian engineering platform, Englobe Corporation, has acquired Higher Ground Consulting Inc., a engineering consulting firm in Western Canada. Terms of the transaction were not disclosed.
HonestDoor building, deploying suite of AI housing tools
Edmonton-based proptech company and brokerage HonestDoor is adding to real estate's artificial intelligence (AI) boom with a one-year price projection report service and an upcoming offering it hopes will answer all matter of housing market inquiries.
Nuveen fund raises $320M for grocery-anchored retail buys
One of the world’s largest asset managers has raised hundreds of millions in equity to buy neighbourhood and grocery-anchored shopping centres in the U.S. Nuveen raised US$320M in institutional investor capital for its U.S. Cities Retail Fund.
Walmart buys 1M-sq.-ft. distribution centre in Salt Lake City
Walmart Inc. has acquired a more than one million-square-foot class-A distribution centre on nearly 60 acres in Salt Lake City after leasing the facility for more than three years for its Walmart Fulfillment Services division.
Invesco REIT closes $1.2B collateralized loan obligation
Invesco Commercial Real Estate Finance Trust has closed its first CRE collateralized loan obligation. The US$1.2B CLO is secured by a portfolio consisting of about 55 per cent multifamily-associated loans and 45 per cent industrial loans.
Landlord LondonMetric buys Urban Logistics in $1.3B deal
LondonMetric Property agreed to buy Urban Logistics Reit in a deal valuing the company at about C$1.3B. LondonMetric and Urban Logistics shareholders will hold about 89 per cent and 11 per cent of the combined company respectively.
Industry Events
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Edmonton Real Estate Forum
May 27 2025
Edmonton Convention Centre
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Land & Development
Jun 05 2025
Metro Toronto Convention Centre - North Building
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Southwestern Ontario Real Estate Forum
Jun 11 2025
to Jun 12 2025
RBC Place London, Ontario
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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