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Gracorp, BC Builds break ground on 480-unit Burnaby rental tower

3 days ago

Gracorp, BC Builds break ground on Burnaby rental tower

Gracorp Properties has broken ground on The Neighbourhood Place, a project being developed in partnership with The Neighbourhood Church and BC Builds that will bring 480 purpose-built rental homes to the Edmonds neighbourhood along with new community spaces.

BGO, Oxford and QuadReal top BOMA 2026 CRE awards

The Building Owners and Managers Association of Canada (BOMA Canada) held its annual national awards gala on Sept. 24 to cap off its BOMEX 2026 conference at Rogers Centre Ottawa, announcing award winners in a variety of categories. 

Graywood, Hankyu Hanshin developing Oakville condos

Graywood Properties is partnering with Hankyu Hanshin Properties Corp. on development of an Oakville condo aimed at end-users like downsizers amid a cratering of investor interest in condos in the Greater Toronto Area.

Developer shares plans for Edmonton City Centre mall site

A redeveloped Edmonton City Centre mall could include a pair of 50-storey towers, affordable apartments, a mini-Chinatown, indoor patio and an Italian grocery store or food hall, according to the CEO of Westrich Pacific, which recently aquired the mall.

Construction underway on 131-room Calgary hotel

Truman, Calgary Municipal Land Corporation and Marriott International have announced the start of construction on Moxy Calgary East Village. The five-storey hotel is expected to be completed in 2028. It will mark the neighbourhood’s third hotel.

GLS Canada opens parcel operations at Vaughan hub

GLS Canada has officially started parcel operations at its new hub in Vaughan, Ont. The nearly 200,000-square-foot site is home to the first automated parcel sorting facility of its kind within the GLS North American network. 

Before it fails

About 80 per cent of Alberta's large commercial buildings predate 1990. Edmonton's Broadway Learning Centre's envelope retrofit shows why owners choose proactive, whole-system upgrades over reactive repairs—cutting rework, water ingress, and costs. See how Wade Consulting did it.

Sponsored by: AEEA - Retrofit Vendor Network

London votes down 980-unit highrise with 7 parking spaces

Foundation Capital's plan for nearly 1,000 rental units in a pair of highrises south of London, Ont.'s downtown – with no balconies and virtually no parking – has been voted down by London City Council.

Housing supply, not immigration curbs, driving falling rents

Revisions to Canada’s population estimates have largely erased last year’s reported declines, leading Rentals.ca and Urbanation to conclude that new supply played a bigger role in lowering rents than previously believed.

Asset manager grows from rental scheme’s collapse

A private equity company that was born from the ashes of one of Ontario’s largest private-mortgage insolvencies has stepped in to rescue a senior-living facility in Thunder Bay that was in danger of having the heating and electricity cut off.

Nexus Industrial REIT completes $300M debenture offering

Nexus Industrial REIT (NXR-UN-T) has completed its previously announced offering of $300 million aggregate principal amount of senior unsecured debentures maturing March 29, 2030. The debentures bear interest at a fixed annual rate of 4.563 per cent per annum. 

BSR REIT plans dual listing on the NYSE

BSR Real Estate Investment Trust (HOM-UN-T) today announced that its board of trustees has approved a strategic initiative to pursue a listing of its units for trading on the New York Stock Exchange under the new ticker symbol "BSRT."

Peakhill launches debut U.S. real estate equity fund

Peakhill Equity Partners, the equity investment platform of Peakhill, announced the closing of Peakhill Apex U.S. Equity LP, an opportunistic real estate equity vehicle focused on investing in institutional commercial real estate projects in the U.S.

CPP Investments invests $441M in hotel developer in India

CPP Investments is investing $441 million in Prestige Hospitality Ventures Ltd., a hotel owner and developer in India. CPP Investments will acquire a 27-per-cent stake in the platform.

Data centre spree's payoff hinges on $4.2T in revenue

For companies to see a return on this massive investment in data centres and other digital infrastructure, they will need to generate trillions of dollars of new AI revenue that doesn’t exist today, according to a report released this week.

Morgan Stanley to invest $684M in Dallas regional hub

Morgan Stanley is officially headed to Y’all Street. Texas Gov. Greg Abbott confirmed Monday that the financial services titan plans to invest US$684M to establish a new regional hub in Uptown Dallas.

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