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Priveda acquires Montreal-area apt. complex, plans 2 new towers

2 weeks ago

Priveda acquires Montreal-area apt. complex, plans 2 towers

Priveda Capital has spent $76.5 million to acquire Horizon, a 249-unit apartment complex in Terrebonne near Montreal, and plans to develop close to 200 additional units on the site.

Midrise multifamily has both benefits and challenges

Some developers are seeking alternatives to the high risks and costs of highrise multiresidential projects by constructing buildings ranging from six to 20 storeys. Recent policy developments could make midrise a viable and attractive option in Toronto.

Over 10,000 residential units approved in Toronto

Toronto City Council approved 18 development applications and one conceptual plan at its April 2025 meeting last week, advancing plans for 10,261 new residential units across the city. This follows a first quarter that saw 12,125 units approved. 

A guide to Canada’s (potential) economic future

If the federal election was being fought in a domestic vacuum, without the casual threats of annexation and economic obliteration spewing from the White House, it would still be one for the ages.

The future is on the Montreal's South Shore

Montreal's South Shore is preparing for a boom in the real estate and construction sectors, according to major industry players. But between the housing crisis, labour shortages and unstable material prices, industry professionals anticipate numerous challenges.

Toronto halts planned hike to development charges

Toronto city council has voted to freeze a planned increase to development charges — a key cost for home builders — in response to a deepening slowdown in housing construction across the city.

Massive new Toronto co-op project will offer hundreds units

Beyond its eye-catching design, this Scarborough development across from Kennedy GO station — a city-backed plan in partnership with Civic Developments, Windmill Developments and the Co-operative Housing Federation of Toronto — has been hailed as a kind of breakthrough.

Metro Vancouver housing starts must increase 2,500%

A new report from Metro Vancouver Regional District makes abundantly clear that more housing units are needed to keep up with the region’s anticipated population growth, despite record levels of construction in the last decade.

Groupe Mach partners to buy out Pelican International

The founding family of Pelican International is unlikely to revive the Quebec kayak and canoe giant. The company is in the process of being bought out by some of its former executives who have partnered with Groupe Mach.

Nicola Wealth to buy foreclosed Vancouver rental project

Almost exactly a year after the project was put on the market as part of a court-ordered sale, the rental project The Sophia has found a buyer: the real estate division of Vancouver-based wealth management firm Nicola Wealth.

Stable vacancy, lack of development define Calgary retail

Calgary’s retail vacancy has remained “relatively stable for a long time,” but a growing lack of new development is creating a tighter market in key areas, says Ryan Rutherford, vice president of retail leasing with Cushman & Wakefield.

Maxi expands outside Quebec with first New Brunswick store

Maxi, Loblaw’s popular discount grocery banner in Québec, is expanding beyond its home province for the first time, with a new store set to open in Caraquet, New Brunswick this fall.

New convention centre coming to Casino Lac-Leamy grounds

The Quebec government has announced plans for a new $50-million convention centre in Gatineau, Que., on the Casino Lac-Leamy complex grounds in the city's Hull district. Work on the 100,000 square-foot project is estimated to last two years.

Desjardins REIT analyst changes his top picks

Desjardins analyst Kyle Stanley is changing his REIT recommendations as the outlook for domestic economic growth deteriorates. Preferred asset class pecking was re-ordered to: (1) seniors housing; (2) multifamily; (3) retail; (4) industrial; (5) self storage; and (6) office”

MCAN Financial has a niche position in RE investing

MCAN bills itself as Canada’s largest mortgage investment corporation (MIC), although it’s the only MIC that’s federally regulated. That means its deposits are insured by the Canada Deposit Insurance Corp., allowing it to gather money at lower cost than rivals. 

Omers’ Eric Haley retires in latest change within private equity

The head of buyouts at Ontario’s pension fund for local government workers, Eric Haley, will retire and leave the firm at the end of the year in the latest change to the plan’s private equity business.

Data centre REITs see robust demand despite power, supply constraints

Fuelled by advancements in artificial intelligence, digital services, cloud computing and 5G demand, the data centre sector is experiencing unprecedented growth. Big tech companies are driving much of this expansion in the race to dominate AI.

CRE finance sentiment index sees second-largest drop on record

Some of the biggest CRE finance companies are expressing serious concern surrounding U.S. President Donald Trump's trade war. A Q1 survey from the CRE Finance Council found its index of industry sentiment fell 30.5 per cent from Q4 2024.

How discount buyers are resetting Chicago's office market

When Woodcrest Capital bought a steeply discounted office property in a Chicago suburb earlier this month, the deal terms were dramatic. The 800,000-sq.-ft. office complex sold for US$6.2M, or about US$7 per square foot.

Commercial real estate is tiptoeing back into crypto

Following widespread adoption of new tech such as artificial intelligence and a U.S. presidential administration open to creating a regulatory framework, the crypto bros are back in real estate, for real this time — or so they say.

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