Broccolini is marking its 10th year in Toronto by opening sales for its first residential development in the city, River & Fifth. “Launching a project is always exciting and challenging and makes you anxious,” said Broccolini COO Anthony Broccolini.
CBRE, the company assigned to sell Vancouver’s St. Paul’s hospital site, says interest in the property has been strong. Tony Quattrin says bidding on the property is expected to begin this month. It’s expected the site will go to condo developers.
A Lansing Square Redevelopment proposal from property owner ELAD Canada would bring four new condominium towers with heights of up to 40 storeys, five blocks of three-storey townhouses, and a 19-storey office tower designed by WZMH Architects.
Epic Investment Services and MDC Group have merged, becoming a fully integrated real estate platform with a portfolio worth more than $16.5B, encompassing 35 million square feet of office, retail, industrial and residential assets under management in Canada and the U.S.
The CPPIB and Spain’s largest construction company are expected to increase their stakes in Ontario’s Highway 407 by matching a $3.25-billion offer for SNC-Lavalin Group Inc.’s holding in the toll road, a move indicating the value of infrastructure to institutional investors.
Founder and CEO , SVN Rock Advisors Inc.
If there were some sort of organization for ugly-beautiful buildings, Toronto’s 158 Sterling Rd., built by the Northern Aluminum Company in 1919-20, would surely be a star. The new headquarters of the Museum of Contemporary Art (MOCA) is a ghastly eyesore, however.
MLA Advisory’s April 2019 Pre-Sale Real Estate Insights states approximately 5,000 concrete units within 17 development projects in Metro Vancouver have postponed their sales launches and are instead opting to await for more favourable market conditions.
The promoters of Montreal’s controversial Royalmount 2.0 shopping centre and entertainment project are starting a round of consultations with the population with the aim of improving it by incorporating a residential component. The details will be revealed in the fall.
TransLink has launched the largest consultation campaign in its history, asking people who live and work in Metro Vancouver how they’d like to see the region’s transit system develop over the next 30 years.
Questrade Financial Group Inc. is stepping into the lending and deposit-taking business after acquiring Mississauga-based Community Trust Co. for an undisclosed amount. Community Trust specializes in commercial and retail mortgages.
REIT first-quarter financial results
The massive data hack of guest information from the Marriott hotel empire has triggered a $100-million class action lawsuit in Calgary. A statement of claim filed in Calgary Court of Queen’s Bench says the data breach was due to the lack of adequate security.
The We Company is a business that defies description, at least according to its co-founder and chief executive Adam Neumann. As it prepares for a stock market listing, the parent company of WeWork looks set to be valued at around $47 billion US.
Hudson’s Bay Co. (HBC-T) is pursuing strategic alternatives for Lord & Taylor, including sale or merger. HBC says Lord & Taylor had $1.4B in revenue in 2018. It has more than 40 stores in the northeastern and mid-Atlantic U.S. as well as online business.
Our housing affordability crisis isn’t just the result of some fleeting, easy-to-identify problems like foreign buyers flooding the market with cash or lenders handing out too much money — although that is part of it for sure.
SmartCentres REIT (SRU-UN-T) and Mitchell Goldhar announced Transit City Condo Towers 4 & 5 in SmartCentres Place at the Vaughan Metropolitan Centre are substantially sold out. SmartCentres projects a return on costs in excess of 20% per cent.
Condos are no longer mere starter homes. Once the domain of twentysomething professionals on the first rung of the real estate ladder, baby boomers are now scooping up them up for their golden years — driving demand for luxury, turnkey developments.
The number of homes sold in Toronto climbed in April even as prices inched higher, signalling that homebuyers continue to compete for listings in an increasingly tightening housing market. There were 9,042 residential transactions in April, jumping 16.8 per cent year-over-year, according to the Toronto Real Estate Board.
As Calgary considers licensing fees that could apply to people who list multiple properties for short-term rent through services like Airbnb, an analysis of the popular website’s listings shows most people who use the service in this city are still advertising only a single home.