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Elysium adds to Toronto apartment development site pipeline
Elysium adds to Toronto apartment development site pipeline
Proximity to transit is a guiding principle for Toronto developer Elysium's acquisition strategy, a feature that was again demonstrated by its latest purchase 41-47 Talara Dr. The firm has also launched a student housing division, Yarra.
XXIII Capital building presence in Calgary industrial sector
Calgary-based XXIII Capital Inc. has quickly emerged as a serious player in the city’s industrial real estate market. The firm has assembled a portfolio of nearly half a million square feet through three key acquisitions in the past two-and-a-half years.
H&R units climb after talks with potential buyers revealed
H&R REIT (HR-UN-T) is up for sale after receiving a hostile takeover offer. The REIT, which owns $10.5B of residential, industrial, retail and office properties, announced it has received several proposals on “potential transactions."
Developers borrowing against unsold condos to stay afloat
Soaring demand for inventory loans is the latest evidence that, as Canada’s housing slump enters its fourth year, developers are starting to run out of the cash they need to hang on much longer.
Calgary set for $1.2B development of two hotel towers
Officials from Marriott International, Louson Investments, Calgary-based home developer Truman and Calgary Municipal Land Corp. unveiled renderings last week for two hotel and residential towers — the 69-storey W Calgary tower and the 62-storey JW Marriott Calgary.
Winnipeg’s Shindico expands with major IOS acquisition
Winnipeg-based Shindico Realty has acquired a portfolio of nine industrial outdoor storage (IOS) assets occupied by TransX, a division of Canadian National Railway Co. The deal includes 211 acres of yard space and 372,700 square feet of industrial space.
Demand for warehousing, industrial leasing showing stress
CBRE says leasing trends for warehouses and other industrial properties are showing signs of business stress. The CRE firm says national net lease absorptions turned negative in Q2, marking the second time in five years a quarter has gone negative.
Robotics startup Attabotics files for bankruptcy protection
Calgary warehouse robotics startup Attabotics Inc. has filed for bankruptcy protection after running out of cash, despite heavy backing from some of Canada’s largest institutional investors and the federal government.
Downtown Toronto office vacancy rates stabilize: report
Office work isn’t dead — but it’s not exactly the picture of health, either. As the world adapts to the post-pandemic normal of hybrid work, downtown Toronto’s office real estate market is showing signs of life, driven partly by back-to-work mandates.
Canadian AI darling Cohere to open Montreal office
Artificial intelligence darling Cohere will open its second Canadian office in Montreal in the latest sign of rapid AI scale-up. Cohere was recently valued at more than US$5.5B and employs 400 workers globally, with the bulk in Canada.
Globalive-led consortium closes Wealth One Bank takeover
A consortium led by Globalive has closed on a 65 per cent ownership stake in Wealth One Bank. The majority of Wealth One's $516M in assets are uninsured mortgages on residential real estate. It also provides loans on CRE.
Investors chase returns in manufactured home parks
Uncertain times are driving interest in manufactured home parks by institutional investors in a market traditionally dominated by mom-and-pop operators. Eugen Klein of Klein Commercial says inquiries are up 400 per cent.
Two Vancouver areas could see significant density added
On Tuesday, Vancouver city council will vote on long-term plans to add significant density to two east Vancouver neighbourhoods near the Renfrew and Rupert SkyTrain stations.
RIMAP's 63-storey Montreal skyscraper nears completion
Hundreds of units have recently been made available for rent in RIMAP's Skyla rental complex, as an unprecedented housing crisis rages across Montreal. Will this windfall contribute, at least a little, to easing the shortage?
Big box stores learning to survive with financial restructuring
Leaving a giant vacant space on the side of a mall or shopping centre is noticeable when a big box store falters. But just because a store missteps, doesn’t mean it’s doomed.
Four more Toys ‘R’ Us stores to close in Quebec
Toys “R” Us Canada will close four more stores in Quebec, bringing the total to 11 in less than a year. The toy retailer plans to close its Trois-Rivières, Terrebonne, Boisbriand and Anjou locations.
Brookfield explores buying $545M hotel on Dubai’s Palm Jumeirah
Brookfield Asset Management Ltd. is exploring a deal to buy a luxury hotel on Dubai’s Palm Jumeirah, according to people familiar with the matter. The investment firm is in talks to purchase Sofitel Dubai The Palm.
BlackRock to buy real estate firm with $7.3B in assets
BlackRock Inc. agreed to buy real estate firm ElmTree Funds, which leases built-to-suit commercial properties to single-tenant renters, adding an investor with US$7.3 billion in total assets under management.
One Big Beautiful Bill's passage launches new tax era for CRE
President Donald Trump signed the multitrillion-dollar One Big Beautiful Bill into law at the White House Friday, setting the stage for broad and lasting ripple effects across U.S. commercial real estate.
Faropoint closes largest deal in its history at $328M
Faropoint has acquired a 1.8 million-square-foot portfolio for US$328 million. Mapletree Investments sold the 30-asset shallow bay industrial collection spread across Florida, Georgia, New Jersey, Pennsylvania and Texas with the assistance of JLL.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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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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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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Saskatchewan Real Estate Forum
Oct 16 2025
TCU Place, Saskatoon
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