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Automotive Properties REIT Q2 revenue jumps 22.8% to $30.2M

1 day ago

Automotive Properties' Q2 revenue jumps 22.8% to $30.2M

Automotive Properties Real Estate Investment Trust (APR-UN-T) generated strong year-over-year growth in rental revenue, cash net operating income (NOI) and adjusted funds from operations (AFFO) in the three- and six-month fiscal periods ended June 30.

Tilt to multifamily testing traditional residential models

GUEST SUBMISSION: Purpose-built rental housing has become a dominant form of new housing in Southwestern Ontario, especially in London. The next phase will reward developers who understand local demand, not those who simply add more doors.

Condo dev. with 200,000 sq. ft. of retail coming to Calgary

A new condominium development is in the works in northeast Calgary, and it’s set to add hundreds of homes and tons of retail space to the area. The development, called Saddle Ridge Crossing, is being developed by Creation Communities.

Surge in downtown T.O. office leasing pushes rents higher

Real estate firm JLL Canada has delivered an upbeat portrait of office sector momentum in downtown Toronto in its recently released Toronto Office Market Dynamics report. At the same time, however, many tenants are considering alternate suburban locations.

NY RE moguls embrace Canada with $3.4B takeover bid

GO Residential REIT (GO-U-T) founders Joshua Gotlib and Meyer Orbach are doing the rounds with investors this week trying to sell what is proving to be an unpopular $3.4-billion takeover bid for H&R REIT (HR-UN-T).

Veyron acquires Maison de Radio-Canada HQ in Montréal

U.S. real estatate company Veyron and its partners have recently acquired the Maison de Radio-Canada building, an approximately 420,000-sq.-ft. state-of-the-art headquarters facility for CBC/Radio-Canada, located in Montreal. It was developed by Broccolini and completed in 2020.

The Spoke reimagines rental living in Toronto's Junction Triangle

Now leasing, The Spoke brings 398 purpose-built rental homes to Toronto's Junction Triangle. Developed by Tricon Living, the community pairs design by Canada's leading architects and designers with family-friendly suites, flexible workspaces, and 26,000 square feet of resort-inspired amenities.

Sponsored by: Tricon Living

Defence companies eye idle auto plants for growth plans

Canadian defence companies are eyeing idle automotive plants and laid-off workers for their expansion plans as vehicle makers grapple with trade friction and uncertainty about the future of the industry in Canada.

OLT orders Hamilton to expand urban boundary

Mayor Andrea Horwath says the ruling by the Ontario Land Tribunal (OLT) that Hamilton needs to expand its urban boundary by 1,600 hectares is "quite distressing." The ruling came after developers appealed a 2025 Hamilton council decision.

Que. developers say regulations add billions to housing

Between $1.8 and $3.6 billion. That's the amount spent last year by Quebec developers to comply with various standards for building the province's approximately 60,000 new housing units — a bill passed on to buyers and renters.

Annual pace of housing starts slowed in July: CMHC

Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell five per cent compared with June. The agency says the seasonally adjusted annual rate of starts in July was 229,074 units, down from 240,773.

Proposed Halifax seniors’ housing rejected after opposition

Halifax councillors have turned down a proposed housing development in a historic Black community after residents voiced concerns about the size of the six-storey, 125-unit project and nearby historic unmarked graves.

Historic Edmonton building eyed for student rentals

A major development permit was approved by the City of Edmonton for four residential buildings with a total of 696 units and a shared underground parkade. The project will incorporate the historic facade and house students from nearby institutions.

EQT Real Estate to pay $1.2B for industrial portfolio

An affiliate of EQT Real Estate has entered into a definitive agreement to purchase a Southern California industrial portfolio from Rexford Industrial Realty for approximately US$1.2 billion. The portfolio consists of 22 properties.

Largest U.S. grid threatens power cuts to data centres

PJM Interconnection has been scrambling to contend with an unprecedented, data centre-driven wave of electricity demand. Now, the grid operator is asking federal regulators to approve a new framework governing how data centres connect to the grid and acquire power.

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