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Capstone finds success with urban infill multifamily development
Capstone finds success with urban infill multifamily dev.
Capstone Developments is building a reputation for urban infill projects on former industrial sites in Montreal, thanks to its Grace residential development in the city’s Notre Dame de Grâce (NDG) neighbourhood.
Spark buys Juniper as two Canadian proptech firms merge
Spark RE Technologies Inc. has acquired Juniper for an undisclosed price, merging two Vancouver-based property technology companies with complementary services. Juniper’s acquisition extends Spark’s offering to cover more of the real estate development journey.
Vancouver in planning process for 17 new Village areas
Land uses and zoning will change in 17 low-density residential areas of Vancouver to create “Villages” of new low-rise multifamily density, effectively increasing housing supply. The 17 Village areas span a total of roughly 600 city blocks.
Alberta recommits $1.53B to Calgary Green Line LRT
A month after announcing its money would be off the table, the Alberta government is recommitting $1.53 billion toward Calgary’s beleaguered Green Line light rail project.
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$30M self-storage facility aims to be Aurora business hub
Toronto developer Bayvest has broken ground on a $30-million, five-storey self-storage facility at the corner of St. John’s Sideroad and Leslie Street in Aurora, which they are hoping to turn into an entrepreneurial hub.
Fredericton prepares for new $82M performing arts centre
The Playhouse building in Fredericton will soon close to make way for the new Performing Arts Centre, an estimated $82-million project set to open in late 2026. The 72,000-square-foot space will include state-of-the-art acoustics, technology and design.
Canada drops two places on Tax Competitiveness Index
Recent tax measures including the capital gains inclusion rate increase make Canada a less attractive place to do business, says a researcher from public policy think tank MEI. Canada dropped two spots in the International Tax Competitiveness Index.
OLT backs Burlington refusal of 2-tower lakeshore project
Ontario Land Tribunal has upheld Burlington city council’s rejection of a development application for two mixed-use towers of 30 and 35 stories on the site of the current Waterfront Hotel.
Developer behind Galt tower project in receivership
Two residential towers planned for downtown Galt, Ont., probably won't go ahead now that the lender backing the project has listed it for sale in an effort to recoup more than $6.6 million from the developers.
Ashcroft Homes loses control of development near Ottawa
Ashcroft Homes has lost control of its much-troubled housing development, Eastboro, which has been sent into receivership. MNP Ltd. has been appointed receiver over all of the property and assets.
365-unit apartment complex going up in south Edmonton
A massive new apartment complex is in the works in southwest Edmonton that will add hundreds of purpose-built rental suites to the city’s housing supply. The Edgeway multi-family development recently began its second phase of construction.
Jericho Lands give First Nations a say in Vancouver's future
First Nations leadership and Vancouver residents are butting heads over a massive, Indigenous-led development in West Point Grey. Jericho Lands promises to add 13,000 housing units in buildings of four to 49 storeys, along with businesses and community spaces.
63-storey residential dev proposed for TO's Upper Jarvis
A recently proposed 63-storey residential building could soon join the increasing number of high-rises in Toronto's Upper Jarvis neighbourhood. The building would bring 730 new dwelling units within walking distance of three separate subway stations.
506 Church resubmission triples height in the village
Graywood Developments has submitted reworked plans for 506 Church St., now proposing a 48-storey mixed-use tower with office space for Pride Toronto. This marks a substantial increase in height and density over the previously approved 14-storey plan.
CPPIB invests $897M in U.K. rental housing venture
Canada Pension Plan Investment Board has partnered with RE investment company Kennedy Wilson (KW-N) to launch a single-family rental housing joint venture in the United Kingdom. CPPIB will initially commit $897 million to the venture.
Hera takes over former Maxwell Hotel after $234M foreclosure
Yellowstone Real Estate Investments has picked up another large Manhattan building in its bid to snap up properties in distress. Issac Hera's firm foreclosed on the former Maxwell hotel at 541 Lexington Ave. with a $140.5M bid at auction.
JPMorgan taps Michelle Herrick to head up CRE business
Michelle Herrick, who became the deputy head of CRE for the bank in March, will succeed Al Brooks, who has led the division for almost a decade. Herrick joined JPMorgan in 2017 and previously worked at Bank of America.
Companies look to new amenities to lure workers back
With many employees still preferring hybrid work environments more than four years after the pandemic started, companies are leaning on innovative amenities and fresh locations to make the office more of a destination for their workers.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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