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CanFirst's busy year for transactions continues into 2026

1 day ago

CanFirst's busy year for transactions continues into 2026

CanFirst Capital Management capped off a busy 2025 with two acquisitions and one property sale in December, and the Toronto-based firm plans to remain very active this year.

Brokerage, builder in court over condo sales commissions

A legal claim by a real estate brokerage alleging a Toronto condominium developer is not paying commissions it owes may be the first public example of simmering tensions in the industry boiling over as the market finds new lows.

Expensive 300-metre move for La Caisse in New York

A recent change of scenery for La Caisse employees in the heart of New York cost Quebecers more than $10.5 million in furniture purchase costs, renovation work and moving expenses.

Tempered optimism for Canadian housing in 2026

A "true reset” and “upswing” are words industry groups are using to summarize expectations for the Canadian housing market in 2026. After a rocky 2025 dominated by economic uncertainty, 2026 is generally forecast to be a year of rising sales. 

Huge towers proposed to replace abandoned houses in GTA

A new development application filed by Osmington Gerofsky Development Corp. on behalf of Rogers calls for the redevelopment of properties at 30-40 Huntley St. and 112-124 Isabella St., proposing a pair of huge residential towers.

Metropia revises The Hill condos, drops retail

A revised site plan approval submission was filed for Metropia's The Hill Condos in late 2025, advancing a 50-storey residential tower proposed on Yonge Street in Toronto’s Deer Park area.

RTO mandates fuelling CRE investment momentum in 2026

Return-to-office mandates could accelerate market momentum for real estate investments in 2026, says Michael Tsourounis, managing partner and chief investment officer at Hazelview Investments. “You’re starting to see huge velocity in the leasing sector in office," he said.

Toronto tower to boast largest EV parking garage in Ontario

In a province redefining what sustainable city living means, Concord Park Place’s King’s Landing in North York presents a blueprint for the future. Part of a master-planned community, King’s Landing features Ontario’s largest electric-vehicle parkade.

Parking continues to snag 25-storey GTA waterfront hotel

How parking for 154 new hotel rooms at a proposed 2076 Old Lakeshore Rd. development can be accommodated in downtown Burlington will be addressed, before the project can move ahead.

Lawsuit accuses 'hotel cartel' of coordinating prices

A class action lawsuit filed in December accuses a "hotel cartel" of artificially inflating the prices of thousands of rooms in Quebec using a common pricing algorithm. More than 110 hotels in Quebec alone are implicated in the allegations.

Top-10 pre-bid projects in Canada: January 2026

The redevelopment of Eglinton Square in Don Mills tops the list of pre-bid projects in Canada, ranked by project value as of Jan. 6, from Daily Commercial News.

GTA home sales in 2025 were the lowest in 25 years

Toronto-area homes sales hit a 25-year low in 2025. There were 62,433 sales last year — the last time sales were this low was in 2000 with 60,783 sales, according to the Toronto Regional Real Estate Board’s December report released Wednesday. 

The Somavrac Group acquired by a Toronto firm

The Somavrac Group, a well-known family business in Trois-Rivières specializing in the warehousing, distribution and transportation of goods and chemicals, is being acquired by a Toronto investment firm.

‘We won’t rest’ until iPro commissions are paid: RECO

RECO administrator Jean Lépine says he’ll stop at nothing to make sure agents whose commissions were trapped by the iPro Realty Inc. trust scandal get everything they’re owed, recognizing that those affected are running out of patience.  

Manitoba adds non-residential security rebates

Business owner-occupiers and tenants in Manitoba are now eligible for rebates on security equipment and/or for the cost of property repairs in the aftermath of vandalism. The provincial government recently earmarked $10 million to the initiative.

Manhattan office leasing hit 43M square feet in 2025

As the lights get taken down, final 2025 market data has started to be tallied and published. The early returns show the balance of power in the world's most valuable office market has shifted back to landlords.

TPG commits $1B to take over most of Lennar’s multifamily

TPG Real Estate struck a deal to acquire a majority interest in Lennar’s multifamily business that includes a US$1B capital commitment. San Francisco-based TPG took over operations of Quarterra, Lennar’s multifamily development platform. 

CRE dry powder’s piling up. Will sparks fly soon?

Fund sponsors amassing dry powder since the pandemic began, only to be stymied by a spike in interest rates and rising redemption requests, are becoming more bullish on the prospect of finally putting their capital to work.

Goldman seeks to raise $500M for Japan real estate fund

Goldman Sachs Group Inc. is raising a Japan real estate fund, targeting around US$500 million for property deals in the country, according to people with knowledge of the matter.

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