Canderel and KingSett set to launch St. Clair Village

RENX  Residential  •  Condominiums  •  Toronto / GTA

Canderel expects to start construction in Toronto’s St. Clair Village condominium development this fall. “900 St. Clair West will be the first of a collection of mid-rise buildings that will make up St. Clair Village …” said Canderel’s James Deitcher.

Winkler a small city with a big appetite for industry

RENX  Commercial  •  Industrial  •  Manitoba

If you bring up Winkler, Man., on Google Maps and scroll way out, you might notice something interesting about the city of about 14,000 people. It’s located pretty much right in the centre of continental Canada and the U.S.

Vancouver’s International Village mall off the market

Commercial  •  Daily Hive

It appears a major retail hub in downtown Vancouver is no longer for sale. International Village mall hit the market last week as part of a package deal of retail properties being marketed by CBRE as the Henderson Retail Portfolio.

Should Ontario Place be sold? Yes

Residential, Commercial  •  Toronto Star  •  Toronto Star

Ontario Place looks like the set of some futurist film about an apocalyptic wasteland. The pods sit empty, the small children’s village has been shut down for 17 years, and the winter light offerings are meagre.

Office component added to Freed’s Toronto proposal

Residential, Commercial  •  Urban Toronto

A proposal at 328 Dupont west of Spadina is undergoing changes. Freed Developments first asked for 19- and nine-storey towers, leading to an OMB decision allowing a maximum height of 50 metres on the site. Now, Freed has added an office component.

The Apartment Building Expert › The surprising challenges of investing in U.S. real estate

Derek Lobo: Founder and CEO , SVN Rock Advisors Inc.

Collaboration could be key to calm project conflicts

Residential, Commercial  •  Montreal Gazette  •  Montreal Gazette

Big real estate projects often trigger big conflicts in the community. There is an inevitable tension between local residents who want to preserve the character and traits of their neighbourhoods and developers, whose business inevitably brings disruption and change.

Ramen Row could be gobbled up by Van. redevelopment

Commercial  •  Toronto Star

In the empty parking lot behind Kintaro Ramen, the city’s oldest ramen restaurant, owner Tak Kawashima admits what some are reluctant to say: Every shopkeeper in the Downtown West End is afraid of demolition.

Lax oversight of City of Ottawa leases: AG

Residential, Commercial  •  Ottawa Citizen  •  CBC

There has been shockingly lax oversight of leases at city-owned properties, auditor general Ken Hughes has discovered. An audit of the city’s leases is the most damning, uncovering mismanagement of a program bringing in millions of dollars in revenue annually.

OAA announces selections for first SHIFT Challenge

Residential  •  Newinhomes.com

The Ontario Association of Architects announced its selections for the inaugural SHIFT Challenge, which aims to encourage architects, engineers and designers to solve societal issues with their skills and expertise. The SHIFT Challenge will take place every two years.

Morguard acquires 21 million Temple Hotels shares

Commercial  •  Canada Newswire  •  RENX  •  RENX

Morguard Corporation (MRC-T) announced that on April 4, it acquired 21,045,702 common shares of Temple Hotels Inc. (TPH-T). The acquisition represent approximately 42.05 per cent of the issued and outstanding common shares of Temple Hotels on April 4.

REIT financial results:

Commercial  • 

Crombie REIT, (CRR-UN-T), Sedar

Oxford proposes 24-storey Boston office tower

Commercial  •  Boston Globe

Oxford Properties, one of Boston’s biggest landlords, wants to build an office tower downtown. Oxford  filed notice with the Boston Planning & Development Agency for a 24-storey, 625,000-square-foot building to replace an aging parking garage near Chinatown.

Starlight buys remaining interest in Atlanta apartments

Residential  •  Canada Newswire

Starlight U.S. Multi-Family (No. 1) Value-Add Fund (SUVA-A-X) announced today it has entered into an agreement to acquire the remaining interest of approximately 8.5 per cent in Landmark at Coventry Pointe in Atlanta.

Asian CRE investors turn attention to Toronto

Commercial  •  Bloomberg

Chinese investment in Vancouver commercial property from companies such as Anbang Insurance Group Co. has slumped amid a flood of regulations, with investors looking to Toronto instead. Toronto took in $526 million of Asian investment last year.

U.S. industrial sector remains strong

Commercial  •  National Real Estate Investor

Investors still see industrial properties as favourably as they did six months ago, despite global trade tensions and labour shortages. “There’s a belief that U.S. issues will be worked out,” said Al Pontius, senior vice-president at Marcus & Millichap.

40% of Canadians live ‘house poor’: RBC

Residential  •  CTV  •  Toronto Star  •  CBC

Nearly one in four Canadians identify as “house poor,” meaning they spend 30 per cent or more of their income on home ownership, according to the annual RBC Home Ownership Poll. The cost includes mortgage payments, property taxes, maintenance and utilities.

Montreal home builders enjoy best Q1 in 10 years

Residential  •  La Presse  •  Bloomberg  •  Canada Newswire

Home builders had a busy month in March in Quebec. Housing starts jumped 37 per cent compared to the same month last year, and 58 per cent in the Montreal area, according to the Canada Mortgage and Housing Corp.

Thornhill condo owners move to turf board

Residential  •  CBC

Facing rapidly rising fees and special assessments costing them more than $1 million, dozens of condo owners at a complex in Thornhill, Ont., say enough is enough, and they’re are taking steps to kick out their condo board.

Ernest Hemingway’s former Toronto home for sale

Residential  •  Toronto Star

A short but important chapter of Toronto history has hit the property market: a Bathurst Street apartment once occupied by American literary icon Ernest Hemingway officially goes up for sale on Tuesday.