A multi-billion-dollar development will transform South Ottawa’s Heron Gate community and triple or quadruple its population during the next two decades. “The vision really is for a vibrant, diverse, mixed-use community,” said Colleen Krempulec of Timbercreek.
Great Gulf Homes, Tridel and long-time Toronto-based industry leader Edward Sorbara emerged as the big winners May 3 at The Building Industry and Land Development Association‘s 39th annual BILD Awards in Toronto.
The Governor of the Bank of Canada, Stephen Poloz, believes it’s time for new ideas for mortgage options. Poloz said the changes could include loans with terms of more than five years and a private market for mortgage-backed securities.
WeWork is revamping its Canadian operations and hired a former real estate executive to develop its office-sharing business. Wayne Jacobs, who helped build Allied Properties REIT (AP.UN-T), has been hired as Canadian head of real estate and business development.
Atlanta-based Hotel Equities has been selected as the strategic partner for Kelowna-based Braemar Group, to operate six hotels in B.C., Saskatchewan and Alberta; four Choice-branded hotels, a Best Western Plus, and a TownePlace Suites by Marriott opening in Q3.
Vice President , The Regional Group of Companies Inc
Urban Capital‘s River City community has been the most significant private development in Toronto’s West Don Lands, with three existing buildings and a fourth underway. The most recent wrapping up construction is River City 3, a 29-storey condo.
Another tower is rising into the growing cluster at Shuter and Church Streets in downtown Toronto. Menkes Developments‘ Fleur Condos will add a 29-storey, architectsAlliance-designed condominium tower to the mix, with the building’s podium levels coming together.
BTB Real Estate Investment Trust (BTB-UN-T) today announced the sale of a retail property located at 1400 Antonio-Barbeau Street in Montréal for total proceeds of $7.1 million. BTB purchased the property on April 1, 2007 for $4 million.
Cominar REIT (CUF-UN-T), the largest real estate company in Quebec, is quietly turning the page on the closure of Sears in October 2017. The retailer’s Canadian demise had shaken Cominar and precipitated the departure of Michel Dallaire, son of the founder.
REIT first-quarter financial results
REOC first-quarter financial results
The arrival of the discount grocery brand FreshCo could start a “blood bath” in the Lower Mainland grocery wars, says a Canadian retail expert. Sobeys-owned FreshCo opened its first Western Canada location in Mission on April 25.
Businesses in Edmonton could soon determine their own parking needs as city council’s urban planning committee mulls over a review of parking regulations in the city. An open-option approach would allow developers, residents and business owners to decide.
Germany’s largest pension fund Bayerische Versorgungskammer (BVK) has hired Timbercreek Investment Management Inc., and Cohen & Steers to manage REIT portfolios. Timbercreek has been given the mandate to manage a portfolio of European-listed REITs .
Park Hotels & Resorts (PK-N) reached a deal to acquire a fellow Northern Virginia hospitality REIT in a deal that will bring its market value to $12B US. The REIT announced it will acquire Arlington-based Chesapeake Lodging Trust (CHSP-N) for $2.7B.
The 2019 Ontario Builder Awards were recently handed out by the Ontario General Contractors Association at its 11th annual symposium in Blue Mountain, Ont. The winner in Category 1 Buildings was BDA Inc. for the Crow’s Theatre New Home.
Last year, a small Vancouver home at 2854 West 38th Avenue sold for $2.8M. Ever since, the neighbour has noticed a few changes at the 88-year-old property, with its barren lawn, overstuffed mailbox and front-door key deposit box.
Janet Féirín has a home in East Vancouver. What she needs are options. Her son and his wife are ready to start a family, but like many in Greater Vancouver, their income won’t buy them a single-family home.
Brampton was chosen one of the most liveable cities in Canada, scoring high in employment opportunities, public transit, access to green space, shopping, economic development, population growth, and biking. There were no low scores given in The Best Places to Live: Canada Liveability Report by RE/MAX .