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Oxford’s 3 largest GTA malls break sales records
Oxford’s 3 largest GTA malls break sales records
The three largest Toronto-area shopping centres owned and/or operated by Oxford Properties broke sales records in 2023 and Yorkdale continued to be Canada’s top-performing mall, according to the International Council of Shopping Centers’ annual report.
Montreal's Bridge-Bonaventure offers massive redev. potential
Montreal could soon be home to a new city within a city with 15,000 homes in the Bridge-Bonaventure sector, not far from its downtown core. A group of major developers is pledging to work together to make it happen.
Honda plans multibillion-dollar Ontario EV factory: Sources
The federal government and Ontario are set to announce Thursday a multibillion-dollar deal (HMC-N) that will see the company build a comprehensive electric-vehicle supply chain at Honda’s existing factory in Alliston, north of Toronto.
Strategic Group halts conversion of Calgary office building
Strategic Group has put the office-to-residential conversion of downtown Calgary's Barron Building on hold amid higher-than-anticipated costs. The developer is now reassessing its costs over the next 45 to 60 days and will resume construction after that, it said.
Teachers' moving into new downtown T.O. home
This spring, Ontario Teachers' Pension Plan (OTPP) will be moving to a new landmark building in downtown Toronto. Located at the corner of Front and Simcoe Streets, the 47-storey, 1.2-million-square-foot office space boasts a distinctive, asymmetrical design.
Edmonton condo at risk of collapse to be sold
The corporations behind the construction of an Edmonton condo building that was evacuated last year due to the risk of collapse no longer exist, which poses a legal hurdle for owners who were forced from their homes seven months ago.
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Regina’s old Sears building to close for safety reasons
Regina’s old Sears clearance building will be closing its doors after being deemed not up to safety codes by Regina Fire and Protective Services, which means local businesses will need to relocate. The building dates back to 1918.
Distrikt proposes 45-, 61-storey mixed-use towers
Distrikt Capital has proposed 45- and 61-storey mixed-use towers at 157 and 165 Cross Ave., near the Oakville GO station. The Teeple Architects-designed project would comprise 1,198 condo units in addition to retail and office space.
Highway 413 project disrupts mixed-use planning
Ontario’s plan to build a four-to-six-lane highway through northwest Brampton has curbed ambitions for a high-density housing and mixed-use commercial development, the city’s final frontier of undeveloped greenfield – and is keeping builders on the sidelines in the process.
Nanaimo mixed-use development moves ahead
A Victoria-based developer's mixed-use proposal in downtown Nanaimo has passed third reading by city council. The proposal comprises 760 residential units in multifamily buildings between five and 16 storeys tall, a hotel and over 10,764 square feet of commercial space.
Devmont reduces height of proposed Ottawa apt. tower
Montreal-based Devmont is reducing the height of the main tower in its apartment proposal in west Ottawa from 25 to 21 stories and is readjusting the size of other parts of the development to maintain the proposed 431 apartment units.
SUMA condo project launched in Montreal
Omnia Technologies, Groupe HD and Kastello Immobilier inaugurated the SUMA rental condos in Montreal on Thursday. SUMA, which will comprise 66 condo units spread over seven storeys, is located near the Papineau metro station.
Royalmount announces retail tenants and food hall
The Royalmount development in Montreal has announced new retailers ahead of its Aug. 15 opening - Zara, Nike, Moncler, Longchamp, Veronica Beard, Anine Bing, Mango, H&M, Alo Yoga, Canada Goose, Sephora and Roche Bobois - and a new food hall concept.
Residential flood risk on the rise in Canada: Intact Centre
Ten per cent of Canada’s housing is uninsurable for overland floods, the Intact Centre says in its latest report, sounding the alarm for municipalities and the housing industry to take preventive steps.
Grosvenor to focus on electrification, supply chains
Grosvenor’s net-zero pathway for its North American real estate portfolio prioritizes electrification in Canada and the long-term greening of its supply chain, according to the company's sustainability head Tanja Milosevic.
Kroger, Albertsons agree to sell 579 stores
The plan for Kroger to acquire Albertsons in a $24.6B merger faces scrutiny from antitrust authorities over the size of the company it will creare. Kroger announced the chains would divest 579 locations if the merger is approved.
AI is making older data centres obsolete, but upgrades are rare
Older data centre inventory is being rendered obsolete by the high-powered computing equipment needed for artificial intelligence and other high-performance applications. However, few providers are retrofitting older data centres to support these technologies.
Norway’s $1.6T fund turns U.K. developer
Norway’s $1.6 trillion sovereign wealth fund kicked off a glitzy property-buying spree in London more than a decade ago. Now it’s trying to figure out ways to keep the shine on some of those increasingly tired trophy buildings.
Chinese property tycoon faces $200M in payment demands
Chen Hongtian, chairman of Hong Kong-based investment company Cheung Kei Group, faces demands from banks to repay more than $200 million of loans for which he and his family had provided personal guarantees.
Industry Events
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Western Canada Apartment Investment Conference
May 07 2024
Vancouver
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Edmonton Real Estate Forum
May 08 2024
Edmonton Convention Centre
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Land & Development Conference
May 28 2024
Metro Toronto Convention Centre
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Montreal Real Estate Forum
Jun 06 2024
Montreal
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Southwestern Ont. Real Estate Forum
Jun 13 2024
RBC Place London
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