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KRP turns office tower into apartments in Canada's largest tech hub
KRP turns office tower into apartments in massive tech park
Every office-to-residential conversion project is unique, but then there are those which truly forge new ground. Such as the conversion of a 10-storey office tower in the Ottawa suburb of Kanata by KRP Properties — in Canada's largest tech hub.
Edmonton mall, office owner in receivership, owes $140M
The company that owns Edmonton City Centre mall and three attached office towers is in receivership. A court order granted Monday put accounting firm PricewaterhouseCoopers in charge of managing and operating assets owned by Edmonton City Centre Inc.
TransLink buys 5-acre industrial site for $63M
TransLink has provided for the expansion of its major Vancouver Transit Centre bus depot facility, guaranteeing the site’s use for bus operations over the long term. The transit authority bought a five-acre industrial property — a portion of 9150 Bentley St.
Some Metro Vancouver companies moving to suburb offices
More Vancouver businesses are moving to suburbs, including Burnaby, the Tri-Cities, Langley, New Westminster, the North Shore, Richmond and Surrey. Downtown's office market has approximately 33 million square feet, while space in the suburbs is roughly 29 million square feet.
 | Municipal Property Assessment Corporation Deadline for MPAC’s annual information request is approachingOwners of more than 35,000 properties in Ontario have received a request from MPAC for income and expense information. Discover the new enhancements that make the submission process easier than ever and learn how your contributions support quality assessments. Sponsored by: Municipal Property Assessment Corporation |
Vancouver approves Rupert and Renfrew neighbourhood plan
Highrise towers and thousands of new homes are in store for an East Vancouver neighbourhood. Vancouver councillors unanimously approved the Rupert and Renfrew Station Area Plan, a land-use plan that will shape the area now home to almost 31,000 residents.
Delta city council OKs rezoning for key part of Ladner Village
Delta council has approved a new mixed-use Ladner (MUL) zone in the hopes of kickstarting development in the heart of Ladner Village. Seven city-owned lots, roughly 47,900 sq. ft., on Chisholm and Delta streets will be rezoned.
Primaris launches Green Finance Framework for retail
Primaris REIT (PMZ-UN-T) has unveiled its inaugural Green Finance Framework to allow the Toronto-based shopping centre owner and operator to issue debt that funds projects related to sustainability.
Avison Young helps Home Depot find Fort McMurray location
Avison Young has announced the successful purchase of 8.4 acres in Fort McMurray’s Quarry Ridge – earmarked as the new site of Home Depot and its 183rd store in Canada. The 80,000-square-foot building is anticipated to open in 2026.
KaleMart24 opening 7 new stores and 1st in Ontario
KaleMart24 has deals in place to open seven new locations, including making its market debut in Ontario. Dubbed “the Whole Foods of the convenience channel," KaleMart 24 is the brainchild of entrepreneur Oussama (Sam) Saoudi.
Yarmouth Mall seeks flexibility from the town to fill spaces
With it getting harder and harder to fill shopping malls with only retail outlets, the owners of the Yarmouth Mall are looking for flexibility from the Town of Yarmouth to help it fill empty spaces.
HOOPP CEO shakes up the fund’s top leadership
The Healthcare of Ontario Pension Plan (HOOPP) has named a new chief risk officer and promoted three other senior staff as chief executive officer Annesley Wallace tweaks the fund’s leadership and strategy.
Repurposing Canada’s religious buildings
As church congregations dwindle across Canada and the cost to maintain their faith-built spaces increases, ideas abound for how to repurpose these buildings. Nearly one-third of the country’s 27,000 religious buildings could close within the next decade.
Real estate podcasts
Michael Audain, Polygon Homes: From activist to developer, Goodman Report
Marianne DeCotiis, William Wright: Unlocking the business of golf courses, VCREP
Nadine LeBlanc, CMHC: What's next for CMHC, CRE Podcast
Former MLSE boss accused of rigging U.S. arena bidding
Tim Leiweke, a former head of Maple Leaf Sports & Entertainment, has been indicted by a U.S. grand jury for allegedly conspiring to rig the bidding process for an arena at the University of Texas at Austin.
OTPP sells 11 hospitals in India for $701M
Bengaluru-based Manipal Health Enterprises Pvt. is buying out Ontario Teachers’ Pension Plan's stake in Sahyadri Hospitals, for US$701 million. The acquisition makes Manipal the majority stakeholder in Sahyadri.
Law firm leasing in U.S. hits record high, targets premium assets
Leasing momentum in the office-centric legal sector has grown in the last two years, leading to the strongest Q1 of leasing on record. Law firms leased 4.6 million square feet of office space in the first quarter.
The U.S. dollar is down 10% this year, what does it mean for CRE?
The value of the U.S. dollar fell more than 10 per cent during the first half of this year, which could attract foreign CRE investors who foresee their currency going further in the traditional safe country to park capital.
Blackstone bumps bid for U.K.’s Warehouse REIT, topping Tritax
Blackstone has raised its offer to buy Warehouse REIT, topping the one announced by Tritax Big Box REIT. The alternative asset manager has offered 113.4 pence a share in cash for the company, valuing Warehouse at US$666 million.
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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