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Starlight breaks ground at Harris Green Village in Victoria
Starlight breaks ground at Harris Green Village in Victoria
Starlight Investments, a national rental residential and commercial developer and owner, has broken ground on Phase I of Harris Green Village in Victoria. It's a three-phased, mixed-use development that will deliver 526 rental suites in the first chapter.
Allied updates leasing, tenants at Toronto, Vancouver projects
Allied Properties REIT (AP-UN-T) has updated leasing and tenancies at mixed-use developments in Toronto and Vancouver, unveiling Whole Foods Market as anchor tenant at KING Toronto and expanded leasing at the M4 office building on Vancouver’s Main Alley Campus.
Land dev. plan could help pay Vancouver's $2.4B budget
The city plans to build 4,300 market-rate apartments as a pilot project on five pieces of city land, becoming a major landlord of for-profit rentals to households earning up to $194,000.
Ailing housing market could spell trouble for whole economy
Real estate is not only a source of wealth, it's also one of Canada's top economic drivers. One of the worst housing markets in decades could drag on jobs, government revenues and the stability of the financial system.
Agents raise concerns over iCloud Realty after iPro collapse
On Thursday, hundreds of employees at iPro Realty signed on to a “special meeting” over Zoom announcing the “evolution” of the GTA brokerage. They were told it had been sold to a “wealthy private financier,” and “rebranded” as iCloud Realty.
Rentals construction unlikely to save hurting developers
Across the industry there is an acceptance that luxury rental suites aren’t the miracle they hoped, and the institutional investors needed to fund these projects are turned off by the meagre returns – now as low as 4.5 per cent annually.
Poker king helps Hypertec secure $1.1B to boost AI plans
Former poker king David Baazov helped Quebec-based Hypertec secure more than $1.1 billion to carve out a place on the global artificial intelligence stage. A multimillionaire, Mr. Baazov has owned 40 per cent of Hypertec since 2019.
Hamilton’s chief planner leaving the city
Hamilton chief planner Steve Robichaud is resigning for a role with the City of Burlington, leaving another vacancy in a top job at the city — this one in a key file, given the ongoing housing crisis.
A huge new 65-acre fairytale resort is in the works in Alberta
An Alberta resort known for dazzling fairytale cottages has revealed it is in the process of opening up a 65-acre location. Charmed Resorts opened its first location in Blairmore in 2021.
Ground breaks on hotel in downtown Langford, B.C.
The groundbreaking last week for the 103-room, six-storey TownePlace Suites by Marriott on Goldstream Avenue was a proud moment for businessman Stan Chu, 91, who opened Langford’s first Asian restaurant in 1969.
Duty-free shops facing ‘full-blown crisis’ with no relief in sight
John Slipp took over his father’s duty-free store in 1994. This month, he closed the Woodstock Duty Free Shop as lower traffic at the U.S.-Canada border dealt the final blow to the business.
Whole Foods to close two Toronto stores
Whole Foods Market will close its Yonge & Sheppard and Leaside stores in Toronto by Aug. 22, but the grocer remains committed to expanding its footprint in Canada.
Ontario RE agents report fewer large cash transactions
Ontario real estate agents reported just eight large cash transactions over the past year to the federal anti-money-laundering watchdog, according to new figures. The multibillion-dollar real estate market is at high risk for money laundering, experts say.
95-year lease for Therme Spa was signed despite misgivings
Long before the provincial government’s plans for a spa development at Ontario Place sparked controversy, officials worried the Therme project could be a misguided investment, an internal document shows.
Minto Apartment REIT offers dividend stability
For income-focused investors navigating today's high-yield market, Minto Apartment REIT (MI-UN-T) stands out as a compelling case study. With a geographically diversified portfolio in Canada's urban centres, the REIT offers a rare blend of stability and growth potential.
Soho House agrees to be taken private in $2.7 billion deal
A group of investors agreed to take Soho House & Co. private in a deal that gives the members’ club, which started in New York in 1995, an enterprise value of about US$2.7 billion.
Chasing a development boom, investors neglect existing data centres
Data centre sales have plunged this year, even as construction surges and capital pours into new projects over existing assets — a trend that may leave investors overlooking prime acquisition opportunities.
Simon Property Group issuing $1.5B of senior debt
The largest owner of U.S. malls is paying off an upcoming US$1.1B debt maturity with the issuance of new debt. Simon Property Group plans to sell US$1.5B of senior notes.
Foreigners are buying U.S. homes again while Americans get sidelined
Sales of existing U.S. real estate to non-US citizens hit US$56 billion in the year through March, up 33 per cent from the same period the year before, according to a report by the National Association of Realtors.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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RealREIT
Sep 10 2025
Metro Toronto Convention Centre
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Montréal du Futur
Sep 24 2025
to Sep 29 2025
World Trade Centre of Montreal
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