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Montreal's apartment building transaction market is red hot

5 days ago

Montreal's apartment building transaction market is red hot

Four major transactions in two months. Almost 1,800 apartments. In excess of $572 million changing hands. Montreal's apartment building transaction market has kicked into overdrive. And there's likely more to come, with other large portfolios on the block.

Oxford, RioCan in showdown over Yorkdale Mall's former HBC

Two of the country’s largest real estate owners are in a showdown over the future of the former Bay store in an upscale Toronto mall, the latest in a series of landlord-tenant disputes triggered by the Hudson’s Bay Co. bankruptcy.

Liu loses legal battle to take over Hudson’s Bay leases

B.C. billionaire Weihong (Ruby) Liu has lost her legal battle to take over 25 former Hudson’s Bay store leases, after a months-long fight with some of Canada’s most prominent commercial landlords over the fate of those high-profile spaces.

Tax sale looms for Hamilton’s Cannon Knitting Mills

With a tax sale looming for the sprawling property next to Beasley Park, developer Harry Stinson’s longtime ambition to transform Hamilton’s Cannon Knitting Mills into condos is more uncertain than ever.

B.C. city wins $6.18M fight against Chinese-owned company

A B.C. subsidiary of a major Chinese state-owned corporation has been ordered to return a more than $6-million deposit to the City of Terrace after it failed to follow through on building a major industrial park. 

$32M case against developer falls apart at regulator hearing

A developer facing a possible $32M in fines from Ontario’s Home Construction Regulatory Authority has had all counts against it dropped. Briarwood Development was accused of an ethics violation for coercing buyers into paying more for pre-construction homes.

Ontario drops proposal to allow end-of-lease evictions

Following outcry from renters and housing experts, the Ontario government is walking back a controversial proposal that could have scrapped the province’s “security of tenure” rules, permitting landlords to evict tenants once leases expire.

Alberta public service workers to return to office full-time

On Friday, the Deputy Ministers’ Council announced the end to the Alberta Public Service interim hybrid work policy, effective February 2026. All provincial employees will be required to return full-time to their offices.

Residential REITs illustrate market dichotomy

The Toronto Stock Exchange is now awaiting the exit of two residential REITs. Morgan Properties, one of the largest private multifamily housing owners in the U.S., is set to acquire Dream Residential REIT and take it private.

Final approval granted for North Shore, B.C.'s tallest tower

The tallest tower on the North Shore is about to be built. Last week, District of North Vancouver council gave final approval to Chard Development's large mixed-use project at 1634 and 1748 Capilano Rd.

Resubmission proposes 6 towers in Scarborough city centre

The Rosdev Group and Dov Capital Corporation have resubmitted plans for 100 Borough Dr., increasing the project's density from a previous five-tower plan to a six-tower community with highrises up to 55 storeys.

Carbon reduction stalls for Vancouver commercial buildings

Momentum may be slowing as the City of Vancouver rolls out emissions reporting requirements and limits for large buildings, with the sector’s changing priorities and financial woes making energy retrofits less pressing, says one expert.

How Canada’s data centres can lead the zero-waste charge

Data centres, dynamic symbols of digital infrastructure, are perfect testing grounds for an emerging standard: applying circular economy principles to construction so rigorously that 95 per cent of waste is diverted from landfill.

Parkland's Q3 profit rises as it prepares to close Sunoco deal

Parkland Corp. (PKI-T) reported a third-quarter profit of $129 million, up from $91 million a year ago, as it prepared to complete its deal to be acquired by U.S. company Sunoco.

Starlight continues expansion in U.K. build-to-rent market

Starlight Investments has acquired a build-to-rent development in Maidenhead, Berkshire. Forming part of the St Cloud Way regeneration scheme, the property was acquired from Countryside Properties (UK) Limited, a subsidiary of Vistry Group.

$100B pension fund OMERS dismisses entire Asia buyout team

Ontario Municipal Employees Retirement System is cutting its Asia buyout team, marking the latest change in the pension fund’s private equity unit as it reassesses its strategy. OMERS has been overhauling its approach under CIO Ralph Berg.

Ares JV to pay $2.1B for Plymouth Industrial REIT

Ares Alternative Credit Funds, together with Makarora Management, will acquire Plymouth Industrial REIT in an all-cash deal valued at US$2.1 billion, including the assumption of certain outstanding debt.

$846B global asset manager Federated Hermes breaks into U.S. CRE

A Pittsburgh-based money manager with US$846B in global assets under management is buying into U.S. commercial real estate for the first time. Federated Hermes Inc. reached a US$331M deal to acquire FCP Fund Manager. 

September spike pushes Q3 investment volume in U.S. up 16%

Third-quarter deal flow exceeded expectations as investment sales and debt origination both shot up. September sales volume of US$42B was a more than 19 per cent increase over last year, MSCI Real Assets' latest report showed. 

    

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