Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

KIN sets aggressive growth targets, wants $3B to $5B of AUM

1 week ago

KIN sets aggressive growth targets, wants $3B to $5B of AUM

KIN Asset Management is laying the groundwork for a major national expansion as the firm ramps up acquisitions through its newly-launched private real estate investment trust. 

BGO buys Edmonton's Eleanor, Laurent towers from Maclab

BGO, the real estate subsidiary of Sun Life Financial, has acquired a new-build, two-tower residential complex in the Garneau neighbourhood of Edmonton that was completed by Edmonton-based Maclab Development Group, according to an announcement on Monday.

5 towers turned back as Toronto council rejects 4 projects

Four development applications were refused by Toronto City Council at its December meeting, withholding zoning approvals for proposals that would have introduced over 2,100 residential units. Proposals from Slate Asset Management, Concord Adex, Dez Capital and Helberg Properties were rejected.

Lender to buy B.C. hotel for $48.5M, previous sale collapses

The sale of the 100-suite Versante Hotel in Richmond that was approved last month has failed to close, the latest twist in what was already a highly dramatic insolvency proceeding.

Hotel industry faces first decline in occupancy since April

Canada's hotel industry has seen a decline in key performance metrics for the first time since April, according to the latest CoStar data. In November, the country's hotel occupancy rate fell to 61.6 per cent, down 1.0 per cent from 2024. 

FRAMEWORK: Partnering to deliver affordable housing

Canada’s housing challenge needs proven solutions. VanMar’s FRAMEWORK system delivers what governments are asking for: fast, green, affordable housing built with Canadian materials and expertise.

Sponsored by: VanMar Constructors

Saskatoon's Bessborough hotel to begin landmark renovation

The Delta Bessborough hotel, built in 1935, is set for a major upgrade and rebranding under Marriott’s Bonvoy Autograph Collection. The company recently announced renovations are scheduled to start in January, with the hotel closing from May 2026 until September.

Specsavers grows to 250 stores in Canada

Specsavers Canada has reached a major national milestone with the opening of its 250th store, located inside the Real Canadian Superstore on Lougheed Highway in Mission, B.C. Specsavers entered the Canadian market in late 2021, after acquiring Image Optometry.

How the country’s oldest corporation came to its bitter end

The tangled story of the American real estate tycoon who stripped HBC for parts, the eccentric Chinese billionaire who lobbed a half-baked Hail Mary bid and the Canadian plutocrats who hatched their own backroom deal.

Club Monaco closes Queen West location, its first-ever store

Club Monaco has quietly vacated the storefront where it all began. After operating for roughly 40 years, the brand has closed its first-ever store at 403 Queen St. W. in Toronto, one of Canada’s most culturally significant retail corridors. 

Surrey food facility with massive freezer sold for $15M

A Surrey food facility and farm sold for $15 milllion in a recent court-ordered sale. Surrey’s 4586 176th St., which, according to Zealty, is 76 years old, was reported sold earlier this month.

More 'freedom and flexibility': Found Spaces Realty joins Real

Hamilton-based Found Spaces Realty Group will gain “freedom and flexibility” within its operations by joining The Real Brokerage Inc., Found Spaces’ founder and CEO Sandy MacKay said in an interview with RENX Homes.

RBC’s outlook for REITs in 2026 and its top picks

RBC Capital Markets real estate analyst Pammi Bir has just published his year-ahead report. Bir began by noting that, in terms of total returns, 2025 is the best year for REITs since 2021 at roughly six per cent.

Brampton mayor tied to purchase of downtown properties

A numbered company listing Brampton Mayor Patrick Brown and his wife as vice-president and president, respectively, has purchased a pair of properties on Brampton's Main Street amid city council’s ongoing investments to revitalize the city’s downtown core.

A Vancouver real estate saga worthy of Beijing opera

It begins, as so many Vancouver real estate stories do, with a fortune that defies the logic of lawful wealth creation and a familial web that would unravel after duffle bags of Chinese currency were converted to fund condo developments.

CPP, Goodman forge European data centre partnership

CPP Investments says it has signed a partnership agreement with Goodman Group to establish a portfolio of European data centres. CPP's 50 per cent share of the initial capital commitment comes in at about $1.8 billion. 

Canadian U.S. property owners face difficult choices

People are emotional about vacationing in the U.S., but should feelings trump decisions that can have a serious financial impact on your wealth? For Canadians who own property in the U.S. that is the dilemma that won’t go away.

Service Properties Trust sells another 66 hotels for $534M

A Massachusetts-based REIT is continuing to sell off assets to pay down its debts. Service Properties Trust announced it closed on the sale of 66 hotels for US$534M. The REIT has sold 112 hotels in 2025.

Bookstores are writing a comeback story

Bookstore openings have skyrocketed over the past five years. This year there were 422 independent bookstore openings across the U.S. – a 24 per cent increase from 2024. Barnes & Noble opened more stores in 2025 than from 2009 to 2019 collectively.

Industry Events