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TELUS Living opens second B.C. rental community in Nanaimo

1 day ago

TELUS Living opens second B.C. rental community

TELUS Living, a development branch of the telecom company aimed at converting many of its unneeded network sites into housing, has opened its second purpose-built rental community in British Columbia, this time in Nanaimo.

Toronto council advances over 16,000 homes, rentals

Thirty-three development approvals and related planning matters were adopted or advanced during the final regular meeting of Toronto City Council's 2022-2026 term, held over three days ahead of the municipal election recess. 

Nine towers proposed near Toronto's Finch West Line 6

Fora Developments, on behalf of Orfus Realty, has submitted Official Plan and Zoning By-law Amendment applications for nine towers up to 45 storeys at 2424 Finch Ave. W. in North York, near Finch West Line 6.

Ontario’s housing crisis explained

Adam Jacobs
Senior National Director, Research, Colliers Canada

Seven buildings proposed for Ottawa auto dealership lot

An auto dealership lot in Ottawa’s Fisher Heights neighbourhood could one day be replaced by a residential development with seven buildings, a pedestrian-first internal street network and a public park, under a proposal from Zena Investment Corporation.

Vancouver selects real estate developer for MLB Bid

The City of Vancouver has selected a group led by Vancouver real estate developer Zack Ross as its preferred partner to pursue a Major League Baseball expansion franchise. The group’s proposal is centred on a new ballpark and mixed-use development.

Fewer tools, cleaner books: Why Canadian property managers are switching to Kompas

Built by CPAs and operators with three generations of property management experience, Kompas is Canadian software designed to run modern real estate operations and accounting as one system so the hours your stack costs you stop showing up under payroll. 

Sponsored by: Kompas Inc.

Minto Apartment REIT nears $2.3B privatization deal

All closing conditions have been satisfied for Minto Apartment REIT's (MI-UN-T) going-private transaction with Crestpoint Real Estate Investments, with an expected transaction date of August 6. An affiliate of Crestpoint will acquire outstanding units for $18 cash per unit.

$389M Van. developer subsidy ‘strikes a balance': Hurley

Metro Vancouver Regional District's Mike Hurley says a $389M reduction in planned new building fees “strikes a balance” between lobbying from development companies to lower them further and “ensuring growth contributes fairly to the infrastructure needed to serve it.”

Telus cuts dividend, plans asset sales including real estate

Telus Corp. slashed its dividend by about 55 per cent and will try to unload assets as new chief executive Victor Dodig looks to repair the balance sheet. The company said it is working on selling real estate.

Toronto’s largest landlord struggling to respond to calls

Despite growing demand from tenants, TCHC’s special in-house constable force has struggled to meet its dispatch call response targets — the time it takes for special constables to answer emergency calls — due to limited staffing.

Major park expansion opens by New Westminster tower

A major western expansion of Westminster Pier Park is now open at the foot of New Westminster's new tallest building, adding roughly two acres of new public space to downtown New Westminster’s waterfront.

Progress made on Waterloo region's water capacity crisis

The approval of new development is slowly gaining momentum again, nearly nine months after the Region of Waterloo identified a water capacity constraint that put the future of its growth in question.

Sleep Country acquires Sleep Number in $3B deal

Sleep Country Canada Inc. announced today the successful completion of its acquisition of substantially all of the assets of Sleep Number, bringing together the two companies and marking the beginning of a new chapter for sleep across North America.

Starlight completes first phase of The Parklands

Starlight Investments, a global real estate investment and asset management firm, has announced the completion and launch of the first phase of The Parklands, a master-planned build-to-rent community in Dartford, England.

Prologis agrees to final terms for $18.8B Segro takeover

Prologis Inc is set to buy Segro Plc for about US$18.8 billion, a deal that will see the U.K.’s largest REIT exit the market. The boards of both companies have agreed to the terms of the offer.

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