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Oktodev buys Place Laval land, plans phased residential development
Oktodev buys Place Laval land, plans residential development
Oktodev's acquisition of a large parking facility adjacent to the Place Laval office complex in Greater Montreal is part of an emerging new focus for the firm: the creation of multi-phased developments.
InnVest exits investment in Choice Hotels Canada for $154M
Toronto-based InnVest Hotels has divested its 50 per cent ownership stake in Choice Hotels Canada for $154M (all figures Canadian) to Choice Hotels International, as the parent firm moves to expand and increase control of its international lodging holdings.
Partial demolition underway at Telus 'Boot' office tower
The landmark office building known as “The Boot” at the prominent northeast corner of the intersection of Boundary Road and Kingsway — on the Burnaby side of the Vancouver-Burnaby border — is about to lose part of its iconic silhouette.
CRE faces tighter financing climate in Western Canada
Commercial real estate financing in Western Canada is still accessible, experts say, but today’s higher level of lender scrutiny means borrowers may need to get creative and put their best foot forward.
U.S. cell tower giant SBA to sell Canadian network for $446M
Florida-based SBA Communications Corp. is selling its Canadian cell tower network to a European private equity and investment fund for $446 million, the latest in a series of recent telecom infrastructure deals.
$130M factory announced for Saint-Jean-sur-Richelieu
Multinational electrical equipment and technology company ABB is launching a project estimated at $130 million to build a new development and manufacturing centre in Saint-Jean-sur-Richelieu, on the southern outskirts of the Montreal metropolitan area.
Judge approves sale of Toronto’s El Mocambo
An Ontario court has approved the sale of the famed El Mocambo club, after former owner and Dragons’ Den star Michael Wekerle defaulted on $55.6-million in debt through companies he controls.
Former home of Malibu nightclub in Edmonton listed for sale
The City of Edmonton is selling a 1911 landmark, the Connaught Armoury — once a military hub, 1980s nightclub and social service space — after it sat vacant for more than one year.
Calgary brokerage partners with Virtuo on AI 'concierge' tool
One of the biggest pain points for many Realtors — especially with those who work at large, well-established brokerages — is how to quickly access crucial information during a sales process.
Toronto area average condo price falls to $651,000
Toronto-area condo prices hit their lowest level in more than four years in July, while overall real estate sales saw its best July since 2021, according to a new report from Toronto Regional Real Estate Board.
Two towers to replace plans for Corktown cube houses
Born from architect Ben Kutner’s dream of affordable modular housing, the distinct Corktown cube houses were never 100 per cent completed and are now slated for demolition. In their place could rise two towers of 55 and 59 storeys.
Ledmac's 1,175-unit Coquitlam project passes council
After getting a rocky reception from council in 2024, a nine-building development is now one vote away from becoming a reality. The project, which includes one 29-storey highrise and eight six- and seven-storey buildings, was pitched by Ledingham McAllister.
Claire’s to seek bankruptcy protection in Canada
Claire’s Holdings LLC says it’s filed for bankruptcy protection in the U.S. and will follow suit in Canada. The accessories and cosmetics retailer says it will make a filing with the Ontario Superior Court under the Companies’ Creditors Arrangement Act.
CT REIT announces two new investments for $66M
CT REIT (CRT-UN-T) reported its consolidated financial results for Q2 and announced two new investments totalling $66 million. The REIT will acquire a Canadian Tire-anchored property in Calgary and expand a Saskatoon store.
Canary coup as Visa picks One Canada Square for new HQ
Visa is in talks to relocate its U.K. headquarters to Canary Wharf as activity in the London office occupational market continues to pick up. The 170,000-sq.-ft. block it is eyeing is at One Canada Square.
Brookfield to launch strategy for AI infrastructure development
New York-headquartered Brookfield Asset Management (BAM-T) is launching a dedicated strategy focused on developing infrastructure for artificial intelligence as it looks to capitalize on the ongoing boom in data centres.
Meta putting $2B in data centre land up for sale to fund AI infrastructure
Meta is on the hunt for ways to foot the bill for its US$72B AI infrastructure plans, including selling off some of its portfolio. The tech company reclassified US$2B of land as held for sale.
Opendoor CEO wants to make the most of meme-stock moment
Opendoor Technologies Inc. was nursing years of losses and grappling with a potential delisting when it became a meme stock. Then, in a matter of days, the real estate company rallied 460 per cent.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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RealREIT
Sep 10 2025
Metro Toronto Convention Centre
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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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Montréal du Futur
Sep 24 2025
to Sep 29 2025
World Trade Centre of Montreal
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