Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

thankyou@renx.ca
Canada: 1-855-569-6300

Pivots and perseverance: Trying to develop in trying times

1 week ago

Pivots and perseverance: Trying to develop in trying times

Perseverance is the mantra around the development community in B.C.'s Lower Mainland these days - as it is in many markets across Canada. B.C. developers are anticipating more economic uncertainty.

Jadco signs first Phase 2 tenant at Montreal life sciences hub

Jadco Group has signed the first tenant for Phase 2 of Inspire Bio Innovations, its new life sciences hub in the downtown Montreal area, and is confident it will be fully leased by the time it is completed next year.

Site plan approval delays costing Ontario $3.5B a year

Municipalities are taking too long to process site plan applications and that is costing the Ontario economy roughly $3.5 billion a year, up from roughly $300 to $900 million in 2018, says the Ontario Association of Architects.

Iconic shopping centre to be integrated into $2.2B project

An iconic shopping centre in Montreal’s east end is slated to undergo a significant transformation with the first phase potentially starting in 2026. The Place Versailles project will proceed without disrupting the current commercial activities, a spokesperson said.

Simpson Oil loses first effort to block $9.1B Parkland bid

UPDATED with Simpson Oil reaction:  The Sunoco LP (SUN-N) bid to acquire Calgary-based Parkland Corporation (PKI-T) in a transaction valued at US$9.1B has survived its first challenge, from activist investor Simpson Oil.

The reinvention of the Canadian department store

The demise of large format stores could be a massive blessing since it frees up coveted retail space in vibrant markets. In place of big box stores, there are opportunties for health care, housing and recreation.

The shift west: Alberta and B.C. rise as key players in Canada’s real estate future

Alberta and British Columbia are leading Canada’s next wave of real estate development and investment. What’s happening in these provinces signals a broader shift in Canada’s economic trajectory — one that policymakers, investors and urban planners must take seriously.

Sponsored by: Trez Capital

GameStop Canada bought by Quebec toy maker

GameStop Canada says it has been acquired by French-Canadian entrepreneur Stephan Tetrault. Officially named Electronics Boutique Canada Inc., GameStop Canada says it will relaunch its 185 stores as EB Games Canada – a name associated with retail gaming from bygone decades.

Canadian Greg Abel to succeed Buffett at Berkshire Hathaway

Canadian-born Greg Abel will be the next CEO of Berkshire Hathaway Inc., the multinational conglomerate that Warren Buffett built into a US$1.16 trillion investing juggernaut over more than 60 years at the helm.

Repentigny: A city … within the city

Seeking to retain its workers and offer its residents a space inspired by the "15-minute city" concept, Repentigny is launching an ambitious project: redeveloping the industrial and commercial zone located along Highway 40 into a vast neighbourhood.

Mixed-use projects can help mitigate financing risks

While financing costs have started to normalize, Canadian developers continue to focus on combining uses in new projects in order to mitigate risk and broaden the base of potential occupants. 

Ethics watchdog ends probe into ex-Ontario gov't minister

Ontario’s ethics watchdog has ended an investigation into former Progressive Conservative MPP Kaleed Rasheed, who was forced from Premier Doug Ford’s cabinet and caucus after the Greenbelt scandal, the Star has learned.

Cantiro moves into the Calgary market

Edmonton-based Cantiro has announced that it’s venturing into the Calgary marketplace, parlaying its award-winning expertise into the multifamily development sphere and bringing on Chris Johnstone as director of multifamily to lead a portfolio of developments across Western Canada

London to offer developers forgivable loans up to $10M

London is looking to spur housing development downtown and along its bus rapid transit corridors by offering up to $10 million in forgivable loans to developers beginning on Monday.

Brookfield executives express confidence despite stock swings

Brookfield CEO Bruce Flatt and president Connor Teskey made the case that the US$1-trillion asset manager is well insulated from turmoil caused by tariffs in a letter to shareholders published with the company’s first-quarter financial results.

Colliers acquires telecommunications engineering firm

Colliers announced its Colliers Engineering & Design division has acquired Terra Consulting Group, LLC, a specialty telecommunications infrastructure engineering firm based in Chicago. This acquisition positions the platform to capitalize on the rapid growth in the telecommunications sector.

BKM Capital, Kayne Anderson forge $1.5B partnership

BKM Capital Partners and Kayne Anderson Real Estate launched a US$1.5 billion joint venture targeting value-add light industrial real estate opportunities in middle-market areas. BKM Capital’s small-bay light industrial strategy is focused on markets experiencing significant rent growth.

Amazon real estate head exits amid expansion push

Amazon’s global real estate chief, Shannon Loew, is stepping down just months after stepping into the role. Loew joined Amazon in early 2023 to work alongside longtime real estate head, John Schoettler. 

Industry Events