Recent Articles
Bluebird Self Storage has 2.1M-sq.-ft. development pipeline
Bluebird Self Storage has 2.1M-sq.-ft. development pipeline
CEO Jason Koonin believes the 2.1 million square feet of space in Bluebird Self Storage's development pipeline is the largest in North America, and a healthy portion of that growth is slated to happen in Quebec.
Seven & i signs confidentiality pact with Couche-Tard
Seven & i Holdings signed a confidentiality pact with Couche-Tard, a step that will allow talks to advance on the takeover approach, but the agreement is limited to the potential divestment of the company’s U.S. stores and not the entire operation.
Telus, Nvidia to develop 'sovereign AI factory' in Rimouski
Telus and Nvidia plan to build a “sovereign AI factory” in eastern Quebec. Vancouver-based Telus aims to deploy Nvidia’s semiconductors at its data centre in Rimouski by this summer, with plans to later expand at a Kamloops, B.C. facility.
![]() | The Apartment Building Expert Roommate Nation: The real story on apartment vacanciesDerek LoboFounder and CEO , SVN Rock Advisors Inc. |
Feds promise billions in low-cost loans for T.O. rental projects
As Canada’s housing market has pumped the breaks, the federal government says it will offer $2.55 billion in low-cost loans for rental housing in Toronto — as a tradeoff for city hall offering some relief on development fees and taxes.
Canadian rental market sees coming boom in vacancy rates
Tenants looking for rental housing in Canada may be encouraged by reports that show national rental rates continue to fall, though some markets are beginning to show price increases amid a mixed bag of economic and market conditions across the country.
Trade war casts pall over Geordie Howe bridge
The enormous Gordie Howe International Bridge was supposed to be a game changer for cross-border trade, but the $6.4B bridge linking Canada and the U.S. is looking more and more like a white elephant amid a worsening trade war.
Toronto to defer property taxes on tariff-affected industries
Mayor Olivia Chow has unveiled a 10-point plan to counter Donald Trump’s tariffs, promising to defer property taxes for affected industries, limit U.S. travel for city staff and ban American companies from bidding on municipal contracts.
GTA luxury housing market stays robust despite headwinds
The luxury housing market around Toronto shows signs of strength despite the overall downturn in housing sales activity. Sotheby's International Realty Canada found sales of GTA homes worth over $4M went up 21 per cent from 2023 to 2024.
Toronto development site from TAS under receivership
A receiver has been appointed for a 1.28-acre property on Dundas West owned by developer and asset manager TAS. It follows an application by Cameron Stephens Mortgage Capital citing indebtedness exceeding $17.5 million and a failed attempt to sell.
Kaneff Group proposes 45-storey towers in Mississauga
A pair of 45-storey residential towers have been proposed on Hurontario Street in Mississauga. Although there are no high-quality renderings yet, the Kaneff Group proposal is advancing as a 2023 Minister’s Zoning Order fast-tracked zoning approval for the site.
FN groups moving into RE, shaping future cities
PODCAST: Across Canada, more and more First Nations are turning to real estate and housing development as money makers, shaping the future of Canadian cities. Some of these developments are forcing municipalities to face tough questions.
Ottawa injects $60M for Quebec manufacturer's expansion
French multinational Delpharm has received $60 million from Ottawa to expand its injectable drug manufacturing plant in Boucherville, Que. The $220-million project, which will take nearly six years to complete, is hoped to significantly increase production capacity.
IKEA Canada breaks ground on distribution centre in Hamilton
IKEA Canada has broken ground on its 183,285-square-foot Hamilton Customer Distribution Centre. Located at 212 Glover Rd., the new unit is part of a more than $400 million investment to enhance IKEA's retail offering for Canadians.
Carney held $6.8M of Brookfield options before quitting
Mark Carney held stock options in Brookfield Asset Management that were worth US$6.8 million at the end of December, but the investment manager’s annual 10-K filing offers little information about how much it paid Canada’s prime minister.
Brookfield sells Manhattan building at $100M discount
Brookfield Properties has sold 333 W. 34th St., a 10-storey, 346,728-square-foot office building in Manhattan for US$150 million, about US$105 million less than it paid for the property in 2018.
T. Rowe Price moves into new headquarters in Baltimore
Investment giant T. Rowe Price has opened a 550,000-square-foot headquarters at 1307 Point St. in the Harbor Point waterfront district of Baltimore. The building also includes about 60,000 sq. ft. of retail space on the ground floor.
Seattle’s Selig defaults on more downtown office property debt
Martin Selig, the commercial property developer who at one point owned nearly a third of downtown Seattle office space, defaulted on a $135M debt backed by three buildings located near the iconic Space Needle.
Defrauded investors file $1B class-action suit against CrowdStreet
CrowdStreet, one of the most popular real estate crowdfunding platforms, has been hit with a US$1B class-action lawsuit from customers alleging their investments should be unwound and returned to them because the company skirted securities laws.
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