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Pure Group joins GECC to develop $330M Surrey mixed-use tower
Pure Group joins GECC to develop $330M mixed-use tower
Pure Group of Companies will partner with a subsidiary of Global Education Communities Corp. (GECC) to develop the $330-million GEC Education Mega Centre in Surrey, in Metro Vancouver, the companies announced Monday.
Parkit sells $96.5M portfolio; acquires 10% stake in PROREIT
Parkit Enterprises (PKT-T) is acquiring an almost 10 per cent investment in PROREIT (PRV-UN-T) as part of its compensation for the sale of six Winnipeg industrial buildings to the industrial real estate owner and operator.
Honda postpones $15B EV investment project in Ontario
Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery plant and retooled vehicle assembly facility, for two years citing a recent slowdown in the EV market.
New condo market in Greater Vancouver in dire shape
In a first amid what real estate experts say is a Vancouver-area condo market meltdown, long-established development company Boffo has terminated its presales efforts for a major project and returned purchasers’ deposits.
Avenue Living completes $250M inaugural bond offering
Avenue Living has completed its first bond offering, which the company says will help pay off debt and acquire assets. Jason Jogia, the co-founder and chief investment officer at Avenue Living, said the company has assets earmarked for purchase.
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Hudson’s Bay expected to extend creditor protection
Hudson’s Bay is due to return to an Ontario court today for the first time in roughly two weeks to seek a reprieve from the hundreds of businesses to which it owes money.
Redevelopment of Kitsilano Safeway approved
The Development Permit Board of the City of Vancouver has approved the redevelopment of the Safeway grocery store property within the West 4th Avenue retail strip, paving the way for a major mid-rise, mixed-use rental housing and retail complex.
In Newmarket, Ont., a post office is reborn as a timeless hotel
Wedged between Trinity United Church and Old Town Hall, Newmarket’s old post office was in remarkably good shape when Streetcar Developments and Dream Unlimited purchased it in 2021 and announced they would transform it into a 55-room boutique hotel.
Boutique hotel plan for Toronto revived after 6 years
A long-dormant proposal to construct a boutique hotel in Toronto is back from the dead, but the planned hospitality property won't be quite as flashy as first promised years earlier.
Plans for 72-storey Niagara hotel dramatically changed
An enormous hotel and residential complex that was primed to replace a long-abandoned construction site and become the tallest in Niagara Falls appears to have been put on ice and the site owners have now asked to repurpose it as a parking garage.
Collaboration, communication keys to Passive House redev.
Collaboration and clear communication between the design and construction teams was critical in developing an affordable Vancouver multifamily project to Passive House standards, according to development team members for Timbre & Harmony.
Two proposed buildings for Burlington downtown
An 11-storey apartment building on a vacant lot on Brant Street is the latest vision for residential intensification. The owner of four vacant homes across the street, intends to demolish those and apply to build a 12-storey building.
Troubled Edmonton condo building sells for $5.1M
A north Edmonton condo evacuated nearly two years ago over fears the building could collapse has been sold. The long-awaited sale will offer some financial reprieve to previous residents of Castledowns Pointe, which has sat vacant since September 2023.
Skyscraper proposal prompts debate about Vancouver skyline
OPINION: The evolution of Vancouver’s skyline is on the minds of many, after a developer unveiled a proposal last week for three skyscrapers that would transform the downtown peninsula.
T5 expands footprint to advance QuadReal data centre JV
T5 Data Centers is expanding its footprint in Georgia and Chicago. The two projects represent the first stages of a multibillion-dollar JV with QuadReal Property Group that the firm hopes will see them build gigawatt-scale campuses across the U.S.
New 72-storey tower eyed to replace city-owned 'eyesore' in Brooklyn
New York City mayor Eric Adams told real estate executives at a recent meeting that a dark, seven-storey building at 395 Flatbush Ave. that's called one of the borough’s “biggest eyesores” – represents the “future of housing in New York City.”
Roche’s Genetech to build $700M facility in North Carolina
Genetech has unveiled plans to build a 700,000-square-foot drug manufacturing facility in Holly Springs, N.C., looking to invest more than US$700 million in the project. The development will support the pharma division’s metabolic and obesity medicines portfolio.
Dubai Holding’s $487M REIT listing sells out in minutes
An investment conglomerate owned by Dubai’s ruler had demand for all units on offer in its real estate investment trust, which is seeking to raise as much as US$487 million in an initial public offering.
Industry Events
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Edmonton Real Estate Forum
May 27 2025
Edmonton Convention Centre
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Land & Development
Jun 05 2025
Metro Toronto Convention Centre - North Building
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Southwestern Ontario Real Estate Forum
Jun 11 2025
to Jun 12 2025
RBC Place London, Ontario
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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