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Northcrest advances infrastructure, tests market for Toronto's YZD

2 hours ago

Northcrest advances infrastructure, tests market for YZD

Northcrest Developments has completed early enabling infrastructure work at the 101-acre Hangar District, the first neighbourhood of the massive 370-acre YZD redevelopment of the former Downsview Airport in Toronto.

AutoCanada launches review of ACX collision operations

Edmonton-based automotive dealership owner and operator AutoCanada Inc. (ACQ-T) has launched a strategic review to explore the potential sale of its collision operations. The collision operations segment is operated under the ACX brand with 38 total locations.

Vancouver transit operator expands into real estate

Vancouver’s major public transit operator, TransLink, is expanding to become a residential and commercial landlord. The program speaks to the value of real estate in B.C. and is the latest example of a non-real-estate business venturing into real estate development.

This bottleneck is quietly freezing Ontario RE projects

Across the province, the primary factor halting development is no longer entitlement risk — it’s sanitary and water capacity. Miles of approved residential density sit completely frozen because municipal trunk lines are undersized, or simply don't exist.

Indigenous housing momentum builds nationwide

Across the country, Indigenous nations and organizations are leading some of the most ambitious multi-residential housing projects, reshaping urban centres, strengthening communities and demonstrating what culturally grounded development looks like at scale. 

Northstar hits 50% presales for redesigned condo tower

There are sales to be made in the troubled Metro Vancouver condo market, but developers must design homes the right size, for the right price, in the right location, says one developer having apparent success in a Port Coquitlam pre-sale. 

Closing the gap: Competing in Vancouver's leasing market

Class B landlords are facing a double-edged sword. In a challenging market budgets are tighter, but remaining competitive requires continuous investment. In this landscape, what you spend on matters more than how much you spend.

Sponsored by: Reotech Construction

Ontario investigates condo management company

Ontario's condominium management regulator is investigating SIREG Management after the company told investors it could no longer guarantee rent payments, leaving some owners scrambling to collect rent directly from tenants. The company runs about 1,800 condo units across Ontario.

Why Canadian menswear retailers are betting big on luxury

Canadian retail has seen better days. Nordstrom left the country in 2023, and the collapse of the 355-year-old Hudson’s Bay followed two years later. But amid the closures, an unlikely market is attracting new investment: premium and luxury menswear.

Bed Bath & Beyond returns online, plans stores for 2027

Bed Bath & Beyond Canada’s new owner is hoping to use online shopping to wake up the dormant brand before it makes a brick-and-mortar comeback. Sleep Country Canada launched its e-commerce website today, expected to precede stores opening next year.

Slate Grocery shares swing amid $2.3B acquisition news

On Sept. 23, the REIT announced it would stop paying its distribution, sending units down 30 per cent. On Monday, it announced a buyout at a 20 per cent premium to its pre-Sept. 23 price.

Rising national defence spending makes case for two REITs

RBC Capital Markets analyst Jimmy Shan sees potential investment opportunities around newly announced federal government plans to invest billions in national defence. Two REITs are set to benefit: Killam Apartment REIT (KMP-UN-T) and PRO REIT (PRV-UN-T).

 

Canada improves dirty money controls but gaps remain

Canada has made strides in cracking down on money laundering. However, it could still strengthen its oversight of players including real estate and legal firms who remain outside of Canada’s money laundering and terrorist financing framework, a global watchdog said.

Most new 2027 Aritzia stores planned for the U.S.

At the end of Q1 of fiscal 2027, the Vancouver-founded retailer had 76 U.S. boutiques and 67 in Canada. Of the 12 to 13 new boutiques planned for fiscal 2027, 11 to 12 are expected to open in the U.S.

Robotaxi firms quietly growing real estate footprint

The era of driverless cars is approaching, and the companies involved are building out real estate networks to make it happen. This year, Lyft, Uber, Waymo and Zoox have signed leases for nearly one million sq. ft. of industrial space.

More developments getting mothballed due to spiking costs

Developers around the U.S. are continuing to scrap residential and commercial projects as soaring diesel prices and the rising cost of construction materials are breaking the budgets of long-planned undertakings.

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