Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

Canadian cities take 6 of top-15 spots in ranking of tech talent markets

1 hour ago

Canadian cities take 6 of top-15 spots in tech talent ranking

Eight Canadian cities rank among the top-50 North American technology employment markets, including six in the top 15, in CBRE’s 13th annual Scoring Tech Talent report. Toronto held on to third spot, followed by Vancouver at nine.

Valour Group's Ajax condo project under receivership

A sprawling residential project that was set to deliver nearly 1,500 new homes to Ajax has been placed under receivership, according to filings in Ontario Superior Court, as real estate insolvencies continue across Ontario.

Aurigo Software to manage City of Toronto’s RE portfolio

The City of Toronto has selected Aurigo Software to manage its real estate portfolio, signing a multi-year contract with the Austin, Tex.-based company. The company will soon deploy its flagship product suite, known as Masterworks, that will manage project delivery.

SmartCentres switches Vaughan project from res. to office

SmartCentres REIT (SRU-UN-T) presented its new employment-focused ArtWalk District component to Vaughan’s Design Review Panel on July 30. Designed by Hariri Pontarini Architects, the 10-storey office and retail building replaces previously planned residential towers at the Vaughan Metropolitan Centre.

$7M office-to-residential conversion for London building

The Wyatt Building, a heritage building in London, Ont., will be converted into 17 apartments after receiving financial support from the city, said owner Brad Lamb, a Toronto real estate developer with BJL Properties and Lamb Development Corp.

Chief Executive Officer, REALPAC (Real Property Association of Canada)

REALPAC has launched a search for its next Chief Executive Officer to lead the organization as it continues to advance and advocate for Canada's commercial real estate sector.

Sponsored by: REALPAC

Giant rental community breaks ground in Oshawa

Medallion Corp. started construction on the first phase of the 23-acre master plan, consisting of two rental towers with about 500 units total. The long-term vision includes nine mixed-use buildings, about 3,000 rental homes, restaurants and a “substantive” park.

Few projects in Vancouver's Broadway plan pipeline built

Four years after the Broadway plan was implemented, only three of the 169 projects in the development pipeline have been issued occupancy permits, according to a recent city staff memo posted to the City of Vancouver’s website.

Asia Standard Americas eyes third tower on Robson Street

With their two-tower Landmark On Robson project now complete, Asia Standard Americas — the North American subsidiary of publicly-traded Hong Kong-based developer Asia Standard International Group — now appears ready to add a third tower on Vancouver's Robson Street.

Tower in Broadway corridor proceeding without parking

The City of Vancouver recently approved a revised rezoning application by Bonnis Properties to build the 33-storey, mixed-use tower. It would feature 196 rental units and sit just one block away from the Canada Line Broadway-City Hall station.

Orléans mulitres proposal sent back over parking concerns

Discussions on Forum Asset Management’s major Orléans, Ont., development proposal, featuring 1,505 residential units, were paused after Ottawa’s Planning and Housing Committee approved a motion sending the project back to staff for review.

Empire to acquire nine Morelli’s pharmacies in Ontario

Empire Company Ltd. has reached an agreement to acquire nine Morelli’s pharmacies located inside Longo’s grocery stores in Ontario, with the locations to be rebranded as Longo’s Pharmacy and integrated into Sobeys Inc.’s national pharmacy operations.

Costco breaks ground on new store near Winnipeg

Bulldozers and a crane mark the first signs of Costco’s arrival in West St. Paul. Construction has begun on the American retail corporation’s newest Manitoba store. Developers expect the 162,000-square-foot facility will open in August 2027.

InfraTech Capital eyes $2.7B Texas data centre campus

InfraTech Capital has unveiled plans for a US$2.7-billion data centre campus near Amarillo, Tex. A consortium of institutional investors is expected to participate in the investment, while a major hyperscaler will serve as anchor tenant.

Genentech tops out $2B manufacturing facility in N.C.

Genentech, a member of the Roche Group, has topped out its US$2-billion, 700,000-square-foot manufacturing facility in Holly Springs, N.C., as part of Roche’s US$50-billion plan to expand across the U.S.

Industry Events