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Sunray plans 4-acre hotel, res. development in Wasaga Beach
Sunray plans hotel, residential development in Wasaga Beach
Sunray Group and the Town of Wasaga Beach have executed a letter of intent for a four-acre, two-phased development beside the world's longest freshwater beach. The company hopes to ink additional agreements with the town for other developments.
Gateway Casinos seeks $1.8 billion in private debt
One of Canada’s biggest gaming companies is seeking as much as $1.8 billion of private debt to refinance loans and pay owners a dividend, in what would be one of the country’s biggest deals this year.
Groupe Sélection fallout could cost Quebec $60 million
The Groupe Sélection restructuring is coming back to haunt the Quebec government. Two years after the collapse of the former real estate developer and operator of private seniors' residences, Quebec will hand over a cheque that could reach $60M.
Toronto's new $128M landmark almost complete after 25 years
After a quarter century of waiting, Toronto's new St. Lawrence Market North building is finally nearing completion. The five-storey replacement building will provide a permanent space for the Farmer's Market on its ground floor, with offices and courtrooms above.
CRE experts don't expect uptick in activity until mid-2025
Leaders in commercial real estate, where the impact of lower interest rates is still seen as limited in the near term, remain cautious. According to Peter Norman of Altus Group, Wednesday's rate cut is not sufficient to drive a recovery.
Vancouver office market at ‘turning point’
A recovery is underway in the Vancouver office market. Investment volume in the sector is growing after a challenging few years. Leasing activity is also expected to pick up as indicators improve and there is greater fiscal and monetary certainty.
Can a new City Hall blueprint fix London's downtown?
A downtown with Canada’s highest office vacancy rate. A core district in the throes of a residential building boom – its skyline changing daily with new towers going up. That’s the backdrop as London considers creating a new master plan.
900 res. units planned for former Delta School in Hamilton
Developers New Horizon Development Group and Losani Homes plan to transform a century-old school into condos before focusing on new buildings ranging from three to 14 storeys as part of years-long build-out in Hamilton.
Coquitlam council approves 6-storey rental building
Despite opposition from two city councillors, Coquitlam council has approved a six-storey rental building. The development is spread over six lots and includes 175 units but only 112 parking spots.
Ontario gov't rejects bill to convert offices to homes
The Ontario government voted down a private members bill on Wednesday that aimed to speed up the process of transforming vacant office spaces into much-needed housing in the province, which ignited polarizing debates online.
Roughly half of Toronto rental applicants use fraudulent info
According to a figure provided to STOREYS by Menkes Developments, around 50 per cent of rental applications in the last six months have been fraudulent in some capacity. Applications often include invalid addresses, fake credit reports or altered pay stubs.
$1.4B Calgary cancer centre ready to welcome patients
On Monday, the first patients will be welcomed through the doors of the 186,000-square-metre, $1.4-billion facility — a space that promises to consolidate all of the city’s cancer care within its 12 floors of research and treatment space.
RE dev. families donate $30M for new surgical tower
The University Health Network (UHN) Foundation announced a landmark $30-million gift from three families in the real estate development sector to support the construction of UHN’S new cutting-edge surgical tower at Toronto Western Hospital.
10 major upcoming Ontario and Quebec construction projects
A look at the headline details on the Top-10 upcoming Ontario and Quebec construction projects. They are all in the planning stage and are mainly new projects, but may also involve additions and/or alterations.
Real estate podcasts
Dean Campbell, Parkbridge: Rising costs and labour shortages, CRE Podcast
Adam Carapella, Tricar Developments: Balancing rentals and condos, CRE Podcast
Seva Roberts, Vancouver Rental Group: Are Van. rents going down? VREP Podcast
Cologix secures $1.5B to fund new data centre development
Cologix, a North American-based network-neutral interconnection and hyperscale edge data centre company, has secured US$1.5 billion in capital through a combination of debt and equity financing to fuel its next phase of strategic growth.
Wells Fargo may lose up to $3B on RE office loan portfolio
Wells Fargo chief executive officer Charlie Scharf said Thursday the U.S. lender may lose US$2 billion to $3 billion on its commercial real estate office loan portfolio.
Bally’s $1.8B Chicago casino hinged on landlord redesign
For months, casino industry veteran Peter Carlino pondered whether to back the massive gambling resort Bally’s, which won approval to build in downtown Chicago. Carlino, CEO of Gaming & Leisure Properties, like the casino idea but had issues with the design.
Macquarie’s splashy new headquarters is dubbed ‘the Minion’
Macquarie Group has long been referred to as the "Millionaires’ Factory" for the investment bank’s capacity to churn out some of Australian finance’s highest performers. Now, its new 40-storey global headquarters in Sydney has attracted another nickname - the "Minion".
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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