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Qualex-Landmark defies market, breaks ground on Coquitlam tower
Qualex-Landmark defies market, breaks ground on B.C. tower
Qualex-Landmark, a developer based in Vancouver, broke ground last week on a significant condo and rental complex in Coquitlam that the company says wouldn’t be viable if it were starting the development process today.
QuadReal acquires Vancouver's Maple Leaf Self Storage
QuadReal Property Group has entered the Canadian self-storage sector with the acquisition of Maple Leaf Self Storage, a Vancouver-based company which owns and operates 15 facilities in British Columbia and Alberta.
Montreal approves $2.2B plan for Place Versailles redev.
Montreal's city council has approved a major redevelopment project for Place Versailles, a 62-year-old indoor shopping mall in the east end. The $2.2B project is expected to take up to 25 years to complete.
Paul Y. Construction breaks ground on Vancouver hotel
Construction on a 30-storey hotel on Seymour Street near the Pacific Centre mall is to start this week. It will add about 400 rooms in downtown Vancouver and feature two Marriott International brands when it is completed in 2028.
Elm to take over Vandyk projects in Brampton
After being placed under receivership in November 2023, Vandyk Properties’ Uptowns and Heartlake projects in Brampton should be moving forward. Development management contracts will see a sub-brand of Elm Developments oversee the remainder of the projects, according to court documents.
Hudson's Bay to choose a new owner in two to three weeks
Hudson’s Bay Co. will decide on a buyer or buyers for its assets and store leases by mid-June. A lawyer representing the company said it will return to court in two to three weeks to seek approvals.
Ottawa considers Parkland-Sunoco deal in tense climate
Ottawa is weighing the proposed US$9.1B takeover of Calgary-based Parkland (PKI-T) by American fuel distributor Sunoco at a time of fraught Canada-U. S. relations and amped-up resource nationalism.
Northland begins commercial operations of battery project
Northland Power Inc. (NPI-T) has begun commercial operations of its Oneida Energy Storage Project in Jarvis, Ont., which the Toronto-based power producer says is the largest battery energy storage facility operating in Canada.
Owners become developers at Compass Cohousing
Fostering tight community bonds is at the heart of a 40-unit condo and townhome project in Langley, B.C., where its future residents are leading the development under a cohousing model.
50-storey tower proposed at Victoria Park and Sheppard
Hazelview Investments has proposed a 50-storey tower at Sheppard Avenue East and Victoria Park Avenue in Toronto. The mixed-use development would be the tallest proposed or currently under construction in the immediate area.
Canada's high construction costs could be worse
Construction costs have been a major obstacle for growth in some of Canada’s big cities, but those costs fall in the middle of the road compared to the world’s urban centres.
Lack of water infrastructure slowing housing in Quebec
In the midst of a housing and homelessness crisis, at least 36,000 housing units cannot be built due to outdated water infrastructure in Quebec. And if nothing is done, the situation will worsen year after year.
Developer says P.E.I. resort on track for 2027 opening
Ocean View Resort has sat unopened since Sean Liu purchased the property two decades ago. The developer has applied to city council to spend an additional $80M to finish the Summerside resort, golf course and 53-unit condo building.
New vision institute to open in Waterloo
A new, leading-edge vision health facility that‘s home to Canada’s only English-speaking optometry school is taking shape to help address the gap in eye care across the country. Ontario’s $53M Waterloo Eye Institute will span 68,000 square feet.
London, Ont. cricket plant ordered into receivership
Months after it announced layoffs impacting two-thirds of its workforce, Aspire Food Group, the London-based insect agriculture firm specializing in farming crickets for use as protein, has been ordered into receivership by an Ontario court.
Brookfield revives $2.4B deal for Honolulu CRE complex
Brookfield Properties has revived a US$2.4 billion debt package to refinance the Ala Moana Center, a sprawling mall and office complex in Honolulu, about a month after it halted the deal amid tariff-induced market disruption.
Blackstone seeks $5.6B to back other private equity firms
Blackstone Inc. is in talks with investors to raise at least $5.6 billion for its latest fund that takes minority stakes in other private equity firms, according to people familiar with the matter.
NYC’s 9 West landlord pitches equity bet for a Manhattan casino
Soloviev Group, the real estate developer that owns a major office tower at 9 West 57th St. in Manhattan, is proposing a way for New York City residents to benefit from its potential casino project.
U.S. retail outlook dims as shoppers pull back, vacancy ticks up
Shopping centre landlords are feeling the pressure as retailers are increasingly pulling back on leasing. The first quarter of the year marked the weakest three-month period for shopping centre leasing since 2020 when the pandemic put stores on lockdown.
Industry Events
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Edmonton Real Estate Forum
May 27 2025
Edmonton Convention Centre
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Land & Development
Jun 05 2025
Metro Toronto Convention Centre - North Building
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Southwestern Ontario Real Estate Forum
Jun 11 2025
to Jun 12 2025
RBC Place London, Ontario
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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