Core Development Group’s wholly owned Avanew subsidiary is looking to become a leader in the early-stage Canadian single-family rental (SFR) sector with a $250 million investment over the next three years.
While Reliance Properties pitches a downtown apartment tower, Vancouver Mayor Kennedy Stewart wants faster decisions on such proposals — whether that means approval or rejection: “The objective is to understand the backlog, and then do everything we can to clear it.”
Local buyers, including a hefty portion of investors, have sparked a pre-sale condominium sales boom in the Metro Vancouver suburbs, with a string of new projects still under construction selling out hundreds of units within hours.
Walmart Canada (WMT-N) has announced it is building its first Atlantic Canada distribution centre, a state-of-the-art, 221,000-square-foot facility in Moncton, N.B. It will sit on 19 acres of land at 125 Frenette Ave., and is to open in the fall of 2022.
Artis REIT‘s 10-storey Sierra Place will soon become the first downtown Calgary office tower converted into a residential building by HomeSpace with the help of new city funds — and a test case for similar developments.
Architect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP
Shopify Inc. (SHOP-T) CEO Tobi Lutke and president Harley Finkelstein said early patterns emerging in lockdown-free countries like New Zealand and Australia show consumers have embraced e-commerce even post-restrictions — and they expect North America to see the same.
The Canada Infrastructure Bank is unlikely to spend even half its $35-billion budget over its 11-year mandate despite government pledges to get the cash flowing to new green projects, warns Parliamentary Budget Officer Yves Giroux in a new report.
TAS Design Build recently submitted a zoning by-law amendment application for a 12-storey mixed-use building of purpose-built rental housing and community-oriented commercial space at 880 Eastern Ave. in Leslieville. The SvN Architects + Planners-designed building would include 157 apartments including 16 three-bedrooms.
Jennifer Keesmaat, Toronto’s former chief planner, believes Ottawa’s population hitting one million signals the moment in which it should be bold in its land-use planning, a timely observation since the city is getting closer to having a new official plan.
After just over a month in the interim leadership role, Vancouver City Council has formally appointed Theresa O’Donnell as the municipal government’s new director of planning and general manager of Planning, Urban Design, and Sustainability.
REIT first-quarter financial results
A study from Edge by Ascential calculated that Amazon’s gross market value will reach $631.6 billion by 2025, a compound annual growth rate (CAGR) of 14%, and is set to eclipse Walmart as the largest retailer in the United States.
Realty Income Corp. (O-N) and VEREIT, Inc. (VER-N) today announced a definitive merger agreement by which Realty Income will acquire VEREIT in an all-stock transaction, creating a combined company with an enterprise value of approximately $50 billion.
McDonald’s Corp. (MCD-N) on Thursday beat Wall Street estimates for comparable sales and said it returned to pre-pandemic levels of growth, driven by eased COVID-19 restrictions in some markets and U.S. customers, flush with stimulus cash, craving new chicken meals.
U.S. nightly hotel rates, while still somewhat lower than a year ago, are slowly rising to match or — in some popular destinations — surpass pre-pandemic prices, according to travel booking technology company Koddi.
Canadian Housing Statistics Program data shows one in five Vancouver owners own more than one property, with similar levels in Toronto. The report suggests homeowners who own more than one home is growing and is concentrated in Vancouver and Toronto.
“Reflecting on the COVID-19 Themes from Long Term Care,” published in the Journal of the American Medical Directors Association, experts indicate designing smaller, more homelike spaces would minimize the spread of viruses while promoting better health and quality of life.
Redfin, the tech-powered real estate brokerage, today announced its launch in Ottawa. On www.redfin.ca and Redfin’s mobile apps, customers can now search all the agent-listed homes for sale and see sale prices of homes in the greater Ottawa area.
Minto Apartment REIT (MI-UN-T) today announced an agreement to provide up to $51.4 million in financing to a subsidiary of Minto Properties Inc. to develop a residential site in Ottawa. Beechwood comprises approximately one acre of land fronting Beechwood Avenue.