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Laberge, Kevlar to redevelop Montreal's Centre Carnaval strip mall
Laberge, Kevlar to redevelop Centre Carnaval strip mall
Groupe Brivia has sold the Centre Carnaval shopping centre, a 14.9-acre redevelopment site in the Montreal borough of LaSalle to Groupe Laberge and Groupe Kevlar to transform into a multi-phased, mixed-use community.
Allied has 19 'non-core' assets for sale
Allied Properties Real Estate Investment Trust (AP-UN-T) reports it has 10 “non-core” Canadian properties either under contract or in negotiations for sale, and has an additional nine properties for sale in Toronto.
REITs ready to sell apartments covered by $1.5B federal fund
The $1.5 billion earmarked by Ottawa for the Canada Rental Protection Fund to buy apartments as part of the Build Canada Homes agency is expected to attract interest from landlords, including the country’s two largest apartment REITs.
Annual pace of housing starts in August down 16%: CMHC
Canada Mortgage and Housing Corp. says the annual pace of housing starts in August fell 16 per cent compared with July. The seasonally adjusted annual rate of housing starts came in at 245,791 units, down from 293,537 in July.
CAPREIT updates $594M in ERES dispositions in Europe
CAPREIT (CAR-UN-T) reports its subsidiary European Residential REIT (ERE-UN-T) has closed on the sales of 1,446 residential suites, plus several commercial properties, located mainly in the Netherlands. A portion of CAPREIT's proceeds are to be reinvested in Canada.
Construction continues on B.C. office building in receivership
There is a degree of uncertainty over the future of a new midrise office building at the northwest corner of Vancouver’s False Creek Flats, but local developer Keltic Development says construction is still moving ahead despite the project’s receivership.
 | Trez Capital Looking beyond uncertainty to find positive trends in Canadian commercial real estate markets: H2 2025 OutlookThe Canadian commercial real estate market is undergoing a quiet recovery, characterized by stable overall capitalization rates (OCR), a continued flight to quality — particularly in well-located retail and residential assets—and divergent performance across sub-markets. Sponsored by: Trez Capital |
TerraNova sells CARMA, Spectrum Building Services to CVC
TerraNova Partners has signed a definitive agreement to sell CARMA Corp., a Canadian submetering business, and Spectrum Building Services Co., an essential building services platform to CVC DIF, the infrastructure strategy of leading global private markets manager CVC.
'Relief': Build Canada Homes will partner with developers
The residential development industry expressed relief Monday that the federal government’s new housing entity will not get into the business of building homes and instead will partner with developers.
Vancouver mulls eliminating some rezoning applications
Vancouver council will consider a series of staff recommendations to amend the city’s zoning and development bylaw that would eliminate the need for property owners to apply for a rezoning in certain areas within the Broadway and Cambie plan boundaries.
B.C. hotel sector demonstrates collective resilience
Despite a weak Canadian dollar, rising unemployment and a shrinking national GDP, British Columbia’s hotel industry appears to be showing a level of collective resilience not seen this decade.
Mega Park GM wants to give it back to the people
Kim Villeneuve, the new general manager of Méga Parc des Galeries de la Capitale, who has been in office since June 2, says he is very enthusiastic about the mandate entrusted to him by Primaris REIT.
Canada's inflation rate accelerates to 1.9 per cent in August
Canada’s inflation rate accelerated to 1.9 per cent in August. Growth in rent at 4.5 per cent and mortgage interest costs at 4.2 per cent were the main upward contributors to the year-over-year change in CPI for August.
Ont. offers Electra $17.5M in new funding for cobalt refinery
Electra Battery Materials Corporation (ELBM-X) has signed a term sheet for $17.5 million in funding from Invest Ontario to support construction of its cobalt sulphate refinery planned for Temiskaming Shores.
Feds, Montreal invest additional $320M in Hippodrome project
Following over a decade of calls for affordable housing at the site of the former Montreal Hippodrome, a group in charge of getting the project off the ground is hoping to have the first units move-in ready within two years.
29-storey tower supplants midrise proposal on Bloor West
Sevoy Developments has proposed a new vision for an assembly of 2915 through 2943 Bloor St. W., where a 29-storey, Arcadis-designed condominium is planned for Toronto's Kingsway neighbourhood.
Vestar kicks off $2B mixed-use project in Arizona
Commercial developer Vestar and site owner Pacific Proving are partnering to build a US$2 billion project on 200 acres in Mesa. The development will include upmarket retail and a hotel, as well as high-end residences and office space.
Fairfield capitalizes $1.1B multifamily portfolio
Fairfield Residential partnered with Sunroad Enterprises to capitalize a 15-property multifamily portfolio in a $US1.1B transaction, according to JLL. JLL’s Capital Markets group arranged the financing for the 3,830-unit portfolio throughout six states.
Former NFL QBs look to raise $100M for stadium developments
Three former NFL quarterbacks are teaming up to raise US$100M for a new sports-centric real estate investment vehicle. John Elway, Blake Bortles and Tim Tebow are working together alongside Orlando-based Magnolia Hill Partners under the banner of Momentous Sports.
The hotel sector shakes off its post-Covid blues
The Southeast, Southwest and California are among the U.S. hotel markets where firms report their strongest demand for projects that target both business and leisure travellers. Hotel developers are looking to partner with “problem solvers.”
Industry Events
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Montréal du Futur
Sep 24 2025
to Sep 29 2025
World Trade Centre of Montreal
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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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Saskatchewan Real Estate Forum
Oct 16 2025
TCU Place, Saskatoon
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Toronto Real Estate Forum
Dec 03 2025
to Dec 04 2025
Metro Toronto Convention Centre, Toronto
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