ZEST Communities is set to begin its ambitious redevelopment of The Village St. Elizabeth Mills, a Hamilton community for residents 55 and up. South Mountain (now ZEST) acquired the 114-acre property from St. Elizabeth Home Society in 2014.
Google is in talks to sign a lease at a new office development in downtown Toronto, according to a person familiar with the matter. The site, being built at 65 King St. East near Toronto’s financial district, is owned by Carttera.
Canadian Pacific (CP-T) is using its strategic land holdings to support sustainable, profitable growth and alleviate capacity and congestion issues for automakers shipping to and from Vancouver with the opening of its new Vancouver Automotive Compound.
A parking stall in the Ice District’s Ultima Tower has sold for $45,000, says real estate consultant Ryan Gillen. While pricey, it is not the most expensive stall in the building. In 2017, another stall was sold by the developer for $75,000.
Creditors with millions sunk in Regina’s Capital Pointe are trying to save the site from backfill. Chris Nichilo, CEO of Magnetic Capital, leads a group which wants to take over the long-abandoned property and build a hotel and parkade.
The Equiton Residential Income Fund has completed the purchase of a new 51-unit apartment building in London, Ont. Equiton purchased the property for $17 million. The acquisition enhances Equiton’s presence in Ontario, and demonstrates its access to investment opportunities.
Business Manager, Stuart Commercial Inc., Sales Associate, ICR Commercial Real Estate
Monday morning, small business owners in Calgary plan a city hall rally before an emergency council meeting over taxes. “Our message is that this is indeed a crisis and it’s one created by our city government,” says organizer Kelly Doody.
The National Capital Commission is seeking public input as it returns to square one on the redevelopment of LeBreton Flats. It will hold a public consultation June 18 to hear ideas for the swath of land west of Ottawa’s downtown.
BSR REIT has announced a Canadian dollar listing of its units on the Toronto Stock Exchange (HOM.U). The REIT owns a portfolio of 47 multifamily garden-style residential properties aggregating 10,050 apartment units located across five U.S. states.
H&R REIT (HR.UN-T) has closed the previously announced sale of The Atrium to KingSett Capital for $640 million. The sale price equates to a 4.56% capitalization rate on the next twelve months forecasted property operating income.
At a special meeting, Tricon Capital Group Inc. (TCN-T) shareholders and Starlight U.S. Multi-Family (No. 5) Core Fund (STUS-A-X) unitholders approved the $1.9B acquisition by Tricon of the fund’s 23 multi-family properties totalling 7,289 units, located primarily in the U.S. Sun Belt.
Chicago homes with garages sell for 38% more than comparable homes without them, according to Redfin. This equates to an additional $46,745 on the sale price of a typical Chicago home. Nationwide, homes with garages sell for $23,211 more.
Cannabis production facilities have continued to pop up since the drug was legalized, but some neighbours aren’t pleased with the smell. Four facilities in Langley East in B.C. and two operations Pelham, Ont. have been generating complaints.
Developers Dexel and Rovualis propose four towers of 30, 26, 20 and 16 storeys in a one-hectare block of Halifax property. To accommodate the multi-use development, the historical Cold Cure Institute building and McCoy Building would be moved a short distance.
Vancouver is one of Canada’s most diverse cities and prides itself on its multiculturalism. Immigrants began arriving from China in the late 1800s when labourers helped build the trans-Canada railway. Now about 20% of Vancouver’s population is ethnic Chinese.
Density, in the form of a cube. This idea drives a four-storey apartment building project designed to fit into in a postwar apartment neighbourhood in the German city of Bremen. Lin architects won a design competition in 2011 with the concept.
Canadian homebuyers are being offered some of the lowest mortgage rates seen in years as lenders battle to drum up new business. Rates on a standard five-year fixed-rate mortgage have fallen to their lowest level in two years, according to Ratehub.ca.
A dozen seniors from a Chartwell Group residence in Quebec City have refused a rent increase they deem unreasonable. Determined to conquer their fear of reprisals, they met with the Régie du logement, a rarity in the retirement sector.