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RioCan takes $209M hit thanks to HBC, as REITS begin Q1 2025 reports
Q1: RioCan takes $209M hit thanks to HBC; CT steady
RioCan REIT (REI-UN-T) and CT REIT (CRT-UN-T) released their Q1 financial results, and while RioCan took a $209 million hit thanks to its involvement with Hudson's Bay Company, CT REIT had no such blips on its radar.
Sienna expands retirement home portfolio in Ottawa
Sienna Senior Living (SIA-T) is making its second acquisition in Ottawa so far in 2025, announcing an agreement to buy the 172-apartment Hazeldean Gardens Retirement Residence in the city’s west-end Stittsville neighbourhood for $85.25 million.
Oxford Properties to buy CPPIB stake in $1.5B of offices
Oxford Properties has struck a deal to buy out Canada Pension Plan Investment Board’s stake in seven office buildings, valuing the portfolio at $1.5 billion, according to a person familiar with the matter.
Grocery-anchored retail centres see strong investor demand
A combination of land, location and the necessities of life are keeping retail assets in demand in Western Canada, despite the risks to discretionary spending posed by tariffs. Grocery-anchored centres saw strong demand in the second half of the year.
A revival in shopping malls in downtown Montreal
Shopping centres in downtown Montreal are revamping to attract modern shoppers seeking a more pleasurable and diverse experience. Complexe Desjardins has just begun $23M in renovations, while the Eaton Centre is giving its food court a facelift.
Food Basics to open at ROQ City in downtown Toronto
A new Food Basics grocery store is set to open in the ROQ City development in downtown Toronto. Located at the base of Tower B at 261 Queen St. E., the store will span approximately 33,000 square feet.
Fairfax signs letter of intent to buy Keg Royalties
The Keg Royalties Income Fund has signed a letter of intent to be acquired by Fairfax Financial Holdings, its largest unitholder. The proposal for $18.60 per unit in cash values the steak house fund at about $211 million.
High down payments No. 1 barrier for new home buyers: CPA
Housing affordability continues to cause distress for potential Canadian homeowners, according to a new CPA Canada-BDO Debt Solutions survey, but the building industry is having challenges of its own adapting to this reality.
KingSett proposes twin skyscrapers beside Mimico GO
A long-stalled construction site at 327 Royal York Rd. next to Mimico GO station may move forward again, as a new proposal from KingSett aims to facilitate development on the site with a pair of skyscraping towers.
Four ideas for highrise building design in Toronto
Toronto’s not like other cities. For decades it has experienced rapid population growth and, even as the real estate market slows, is constantly changing with new towers rising to house our growing population.
York to redesign $500M London twin tower project
York Developments has sent its $500-million, twin-tower project at the forks of the Thames River back to the drawing board to add more residential units and reduce office space, company president Ali Soufan said.
Ottawa councillor wants debate, reversal of Tewin project
An Ottawa city councillor wants to reverse a council decision made four years ago and prevent the 1,100-acre Tewin development in the city's rural southeast from being built. City staff have laid out the many implications of changing course.
Toronto is $18B short on plan to repair infrastructure
Officials say Toronto is making progress in keeping its infrastructure in good working order, but the city still needs to secure $18 billion in additional funds over the next 10 years.
Domtar’s Indonesian owner plots more growth in Canada
The foreign industrialist who controls Canada’s biggest pulp-and-paper company says he’s a “big believer” in this country and would welcome the opportunity to appear before Parliament to ease any concerns about his ownership.
Brookfield Asset Management focuses on distress in new fund
Canadian investment manager Brookfield Asset Management raised US$5.9B for its new real estate opportunity fund in the first quarter, bringing the total raised for the fund to about US$16B.
Abandoned industrial sites could get second opportunities
Billions of dollars in planned factory projects have been cancelled or paused in the last six months, a development with the potential to pour cold water all over visions of new economic hubs in some of the country’s lower-profile corners.
Gen Z is leading the charge back to the office
Contrary to some stereotypes Generation Z, the cohort born between 1997 and 2012, is leading the charge back to the office, while older generations are more reluctant to return to past patterns of office attendance.
HSBC grapples with shortage of 7,700 desks at new London HQ
As HSBC Holdings Plc prepares to move into a new London headquarters as early as next year, executives are grappling with how to handle a more severe desk shortage than they previously anticipated in the new, smaller building.
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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