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Canadian Tire plans $2B investment across its retail banners
Canadian Tire plans $2B investment across its retail banners
Canadian Tire Corporation (CTC-A-T) has announced a four-year True North “transformative strategy” involving $2 billion in investments in virtually all aspects of its business. It will result in some store closures, and realignments within several of its banners.
Melcor gets Firm Capital, Telsec support for REIT takeover bid
After publicly opposing Melcor Developments’ (MRD-T) bid to take Melcor REIT (MR-UN-T) private for the past several months, FC Private Equity Realty Mgmt. Corp. (Firm Capital) and Telsec Property Corp. have done an about-turn and agreed to support the move.
Parkland up for sale, but Ottawa may block U.S. buyers
The board of Calgary-based Parkland Corp., which owns more than 4,000 outlets, launched a strategic review that could include a sale of the company in response to an activist campaign from its largest shareholder, Simpson Oil Ltd.
The TR2 data centre, a data block in Toronto
There are no bollards, fences or barbed wire protecting the TR2 data centre, near the foot of Toronto’s Parliament Street. Its location isn’t a closely guarded secret, but the unassuming exterior hides a fortress-like web of critical technology humming inside.
Redev. of iconic Vancouver motel site goes to hearing
Developer Nicola Wealth Real Estate Acquisitions Ltd. wants to build a pair of rental towers on the City Centre Motor Hotel site at 2111 Main St. in Vancouver. The proposed buildings are 22 and 24 storeys including 446 rental units.
Onni Group proposes four towers under Broadway Plan
With four highrise towers reaching up to 37 storeys and over 1.1 million sq. ft. of building floor area, this is the largest development proposal to date within Vancouver’s Broadway Plan area. It is being led by the Onni Group.
Proposal adds five towers to downtown Markham
The Remington Group, operating as Ruland Properties Inc., has submitted a zoning bylaw amendment for Block 12, introducing five towers from 15 to 41 storeys in the Andre De Grasse Bus Rapid Transit district.
Towers proposed north of St. Clair station in T.O.'s Deer Park
A mid-block assembly has created a development site for a two-tower residential proposal, including 38- and 43-storey towers, bringing high-density infill to Toronto's Deer Park neighbourhood between St. Clair and Davisville subway stations on Yonge Street.
Largest Western Canada pickleball facility opening soon
A huge new facility is opening its doors in Calgary later this month. Mega Courts, with plans for 20 more Alberta locations, will open March 17. It is being touted as the largest pickleball facility in Western Canada.
Former AquaBounty buildings in P.E.I. get new owner
Kelly Cove Salmon Ltd., the Atlantic Canadian salmon farming division of Cooke Aquaculture Inc., has acquired the defunct operations of Aqua Bounty Canada Inc. on Prince Edward Island, which includes a series of four buildings.
P.E.I. probes group's land assets under Land Protection Act
An investigation into Buddhist land holdings in P.E.I. ordered by Minister of Land Steven Myers could provide the first legal test of measures in the Lands Protection Act meant to prevent concentration of land ownership across multiple linked corporations.
P.E.I.'s Red Shores Casino to add 8,000 square feet
Twenty years after Red Shores Casino opened its doors in Charlottetown, it's getting an expansion to add 8,000 square feet of space. Its operator, Atlantic Lottery Corporation, won't say how much the project will cost.
Lee Valley Tools' plan to deal with Trump tariffs
One-fifth of Lee Valley Tools' business is direct-to-U.S. customer sales. But with U.S. tariffs, it’s hard to predict what will come next. Lee Valley has 18 stores and an e-commerce site offering consumers a variety of products.
Purdys president talks Canadiana, tariffs and future
For over a century, Purdys Chocolatier has been a staple in Canadian confectionery, bringing premium chocolate to generations of consumers. Founded in 1907 in Vancouver, it has remained steadfast in its commitment to Canadian production, community engagement and sustainable sourcing.
Wendy's unveils next chapter of growth
The Wendy's Company hosts its 2025 Investor Day today at its Restaurant Support Center in Dublin, Ohio. The company expects to add 1,000 net new restaurants globally by 2028, and annual net financial growth of three to four per cent.
Shopping in the U.S. may mean paying more at border
The Canada Border Services Agency has begun implementing a 25 per cent tariff, or surtax, on a long list of goods from the U.S. in response to the Trump administration's sweeping tariffs against Canadian imports.
Seven & i works to fend off Couche-Tard’s $47B takeover bid
Seven & i Holdings, Japanese operator of the 7-Eleven convenience store chain, appointed a foreign CEO and handed him the task of overhauling its business to fend off a US$47-billion overseas takeover bid and engineer a recovery.
Investor purchases of U.S. condos at lowest level since 2012
Investors bought 8,220 condo units across the U.S. in the fourth quarter, down 13 per cent year-over-year and the fewest for that time of year since 2012, according to Redfin. The pullback in condo buying was especially pronounced in Florida.
Manhattan office visits 66 per cent of 2019 levels
In January, Manhattan office buildings’ average visitation rate was 66 per cent of 2019 baseline levels, down from 72 per cent in December and matching the rate in January 2024, according to Real Estate Board of New York data.
MOBs are still a strong bet for investors
Medical outpatient buildings (MOB) are poised for double-digit growth in the U.S., according to JLL. A surge in outpatient demand, spurred by an aging population in the U.S., is on track to grow by 10.6 per cent by 2031.
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