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Expansion to lift Hilton over 200 hotels in Canada in 2025
Expansion to lift Hilton over 200 hotels in Canada in 2025
Expansion will drive Hilton over the 200-hotel mark in Canada this year, growth that won't slow anytime soon. Hilton and Mississauga's Inspiration Group have signed a franchise agreement for Tempo by Hilton Toronto Airport, to open in 2028.
InterRent REIT agrees to $4B acquisition by CLV Group, GIC
InterRent REIT (IIP-UN-T), one of Canada’s largest multifamily housing owners, confirmed it has entered an agreement to be acquired by CLV Group and Singapore’s sovereign wealth fund GIC in a deal which values the trust at about $4 billion.
 | Design, Policy and Canadian Cities What’s stopping family housing development? Part I: Follow the feesNaama BlonderArchitect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP |
REIT feedback led Ontario to drop affordable housing element
Ontario rejected the City of Toronto’s proposed affordable housing requirements on dozens of specific properties after at least three REITs asked them to do so — with two trusts suggesting the quotas could result in no housing development at all.
Surrey ‘ghost’ building, vacant since 1998, sold for $56.5M
After 27 years of sitting empty, a Surrey building may soon come to life, according to CRE agents who brokered a $56.5-million, court-ordered deal for it. The 274,285-square-foot complex is notorious for never having any commercial tenants.
The Canadian cold-storage specialist
By integrating the logistics and cold storage operations of British Columbia-based Bradner Cold Storage a month ago, Quebec City-based Congebec has expanded its industrial footprint across the country and strengthened Canadian food sovereignty, according to its CEO, Nicholas Pedneault.
 | Peakhill Capital Peakhill Capital launches Peakhill Project AdvisoryPeakhill Capital is pleased to announce the launch of Peakhill Project Advisory, a new division offering end-to-end project advisory, development management, and delivery oversight for real estate owners, developers, investors, and institutional clients. Sponsored by: Peakhill Capital |
Luxury gyms stretch out in former retail spaces
Ottawa’s newest wellness destination Altea – a 129,000-square-foot, members-only health and fitness sanctuary is located in a former Canadian Tire store. Another location of the luxury gym will arrive soon in the former 31,000-square-foot Nordstrom Rack in Toronto’s Yorkville.
70-storey plan for Eglinton amid cluster of skyscrapers
Designed by Core Architects for 678400 Ontario Inc. (Ruth Reisman Ltd.), the development would rise at 120 Eglinton Ave. E. between Yonge Street and Redpath Avenue. The mixed use proposal would include 555 residential suites.
7 highrise proposals approved by Toronto City Council
Seven major highrise projects snagged approvals in Toronto City Council's May session last week, including proposals from Choice Properties REIT, Castlepoint Numa and Diamante Development Corporation. Toronto hopes to deliver 285,000 new homes over a 10-year period.
London builder offers mortgage break to buyers as sales lag
Grappling with a larger-than-usual inventory of unsold homes amid a market slowdown, London developer Ironstone Building Co. is offering up to $100,000 in zero-interest loans to help first-time homebuyers snatch up some of its properties.
Mortgage rates battle weak economy, persistent inflation
The direction that mortgage rates go has for months depended on which effect of the global trade war is going to have a bigger impact: a sluggish economy or the return of inflation.
Dual hotel to break ground in Hamilton
The construction phase of a long-awaited hotel in McMaster Innovation Park will begin this summer. Sigma Group and Kothari Group will develop — Hyatt Place and Hyatt House. The two hotels will be housed in one building but serve different purposes.
7-Eleven shareholders back management amid takeover bid
Seven & i Holdings Co. executives faced shareholders for the first time Tuesday since Canadian convenience store giant Alimentation Couche-Tard Inc. (ATD-T) launched an audacious takeover bid for the Japanese owner of the global 7-Eleven chain.
Former Vancouver Nordstrom to be subdivided
The former Nordstrom department store at CF Pacific Centre in downtown Vancouver will be subdivided. A new building permit application calls for reconfiguring the existing 230,000-sq.-ft., three-storey department store space into four new retail units.
Danish firm designs UBC's $560M student housing complex
For its largest student housing complex project in decades, UBC has enlisted a prominent international architectural firm from Denmark to lead the design work. Copenhagen-based 3XN will work on the first phase of the St. John’s College redevelopment.
New data centre firm secures $11.6B financing deal for Stargate project
Launched only last year, Primary Digital Infrastructure is emerging as the straw that stirs the drink of the world's largest AI data centre project. Dubbed Project Ludicrous, it will serve as the flagship campus for OpenAI and Oracle's Stargate venture.
CRE finance sentiment tanks as stagflation threatens 'the worst of all worlds'
Commercial real estate finance professionals holding out hope for a semblance of stability to push the U.S. Federal Reserve to lower interest rates could be disappointed as tariffs make a near-term rate drop less and less likely, experts say.
Net effects of tariffs on REIT performance more tempered than expected
A recent Nareit commentary showed total returns across all 13 equity REIT sectors declined with the announcement of reciprocal tariffs on the U.S. Performance, however, rebounded across all these sectors with the limited temporary suspension of higher reciprocal rates.
Universal's $7B theme park, first in 20 years, sets stage for Disney battle
Universal’s parent, Comcast, spent US$7B to create and build the first major U.S. amusement park to open in over 20 years. Epic Universe comes in a push to make the Universal Orlando Resort into a Disney-esque week-long destination.
Industry Events
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Southwestern Ontario Real Estate Forum
Jun 11 2025
to Jun 12 2025
RBC Place London, Ontario
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Montréal Real Estate Forum
Jun 17 2025
to Jun 18 2025
Palais des congrès de Montréal
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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