Royop launches 60-acre Calgary Township development

RENX  Residential, Commercial  •  Office, Homes, Retail  •  Calgary

The first phase of the massive Township mixed-used development in south Calgary will include 300,000 square feet of retail space in a regional mall. Royop Development’s 60-acre project will include retail, office, residential, hospitality, entertainment, food and beverage spaces.

Pre-sales postponed for three Burnaby, Coquitlam towers

Residential  •  Vancouver Sun

Vancouver developer Ledingham McAllister is delaying pre-sales for three high-rise, transit-hub condo towers in Burnaby and Coquitlam, and is considering a pause on a fourth. The value of the three projects is around $1.2B, said CEO Ward McAllister.

Brookfield, InterRent, CLV to develop Burlington GO Lands

RENX  Residential, Commercial  •  Homes, Retail  •  Toronto / GTA

Brookfield Property Group has joined a partnership with InterRent REIT and CLV Group to develop its first Canadian, multi-family-anchored, mixed-use project on the Burlington GO Lands. InterRent, CLV and Brookfield will develop an 8.5-acre site along Fairview Street.

Ontario to allow taller buildings in midtown Toronto

Commercial  •  Globe and Mail

The Ontario government is poised to allow taller buildings over a larger area in Toronto’s midtown neighbourhood, overriding the city’s own plans – a decision Municipal Affairs Minister Steve Clark acknowledges could further strain relations between Queen’s Park and city hall.

Canada’s 5 largest new (non-Toronto) office projects

Commercial  •  Vancouver Sun

If you live in Canada’s big cities, you’d have noticed massive new office towers under construction. In Calgary and Edmonton, the last major office building cycle is wrapping up. In Vancouver and Montreal, new construction is getting started.

60-storey tower would be among Vancouver’s tallest

Commercial  •  Vancouver Courier

Iconic. Simple. Clean. That’s how architect Gwyn Vose of IBI Group describes the 60-storey residential tower Henson Developments proposes for 1059-1075 Nelson St. in Vancouver’s West End. It would reach a height of 585.5 feet to the top of its appurtenance.

Vancouver commercial real estate sales down 49%

Commercial  •  Western Investor  •  Daily Commercial News

How to lose money developing a big-city casino

Commercial  •  Vancouver Courier

Questions swirl around whether taxpayer money was used wisely in courting the Parq Vancouver development, given the project’s financial woes. Yet a look at the process of delivering the city’s biggest casino shows trusting politicians proved a dangerous gamble.

Times Group’s Riverview is next phase in Markham

Commercial  •  Skyrise Cities

The fourth and newest phase of Times Group Corporation‘s Uptown Markham community, dubbed Riverview Condos, will consist of three towers with heights of 41, 41, and 22 storeys. The first set of 346 units will have prices starting from the high $400,000s.

Alberta municipalities could offer businesses tax breaks

Commercial  •  Edmonton Journal  •  CBC

Municipalities will be able to offer businesses 15-year tax breaks under changes to legislation tabled by the UCP government Tuesday. The idea behind the amendments to the Municipal Government Act is to help local governments attract more investment.

Nova Scotia gives environmental approval for spaceport

Commercial  •  The Chronicle Herald

A tiny Nova Scotia community slated to be home to a spaceport has received conditional environmental approvals from the province. Maritime Launch Services claims to have $400-million in clients committed to launching satellites into orbit with Ukrainian-built rockets.

Cheap U.S. real-estate financing source is drying up

Commercial  •  Toronto Star

A retreat by Chinese investors is raising the cost of a once reliably cheap financing source for big U.S. real-estate projects. The U.S. government investment program EB-5 offers developers low-cost capital from wealthy foreigners – in exchange for U.S. residency.

Edmonton turning downtown parking lots into Central Park

Commercial  •  CBC

The City of Edmonton will transform four downtown parking lots into a 1.25-hectare park. The green space, about the size of two football fields, will span nearly two blocks from Jasper Avenue to 102nd Avenue, between 106th and 108th streets.

Woodfibre LNG rents Squamish building for future workers

Commercial  •  Western Investor

Vancouver mayor to developers: build more rental housing

Residential, Commercial  •  Financial Post

Vancouver Mayor Kennedy Stewart, speaking in support of the city’s Moderate Income Rental Housing Pilot Program, warned the Urban Land Institute the city and developers must find more common ground to build rental housing for moderate- and low-income workers.

B.C. residents believe laws reduce housing affordability: Poll

Commercial  •  Western Investor

In contrast to previous surveys, a poll of 1,001 British Columbians carried out by Ipsos on behalf of the Urban Development Institute found 74 per cent of B.C. residents believe additional taxes, fees and red tape have made housing less affordable.

Big ideas for ‘missing middle’ emerge from competition

Residential  •  Globe and Mail

When Edmonton council launched a contest seeking a design for a plot previously occupied by five single-family homes in the Spruce Avenue neighbourhood, the first thing Calgary designers Studio North did was to get to know the community.

Toronto home sales up 18.9 per cent year-over-year: TREB

Residential  •  Toronto Star

The Toronto Real Estate Board says the market is shifting to favour sellers as home sales jumped in May, but listings barely budged. It says there were 9,989 sales in May, up 18.9 per cent from the 15-year low in 2018.

How Ottawa became Canada’s hottest real estate market

Residential  •  Ottawa Citizen

It still takes some getting used to, this idea that Ottawa has the country’s hottest housing market. That’s because for most of the past decade-and-a-half, the capital region’s real estate scene has been completely overshadowed by frenetic activity elsewhere.

The Top 35 best cities to buy real estate in Canada

Residential  •  Money Sense

Not long ago, Windsor was the butt of jokes. Literally. In 2007, Stephen Colbert dubbed the southwestern Ontario city “the worst place on Earth”— and while many Canadians, not just Windsorites, took umbrage at the slur, others shared his opinion.