Urban Capital Property Group is set to begin construction this summer of the first phase of a $325-million, master-planned community in Montreal that represents its largest current development outside the GTA. Cité Midtown will have 790 housing units (700 condominiums and 90 townhouses).
First Capital Realty (FCR) (FCR-T), one of the largest owners, developers and operators of necessity-based real estate in Canada’s most densely populated urban centres, announced Gazit-Globe Ltd.’s ownership of FCR would be reduced from 31.3 to approximately 9.9 per cent.
A joint venture between the Great-West Life Real Estate Fund, London Life Real Estate Fund, OPTrust, and I.G. Investment Management has purchased the 650,000-square-foot Dynamic Funds Tower complex in Toronto. It was previously owned by Oxford Properties and CPPIB.
The City of Ottawa’s planning committee has granted the necessary zoning approvals to allow Canada Lands Company to transform the 2.6-hectare Booth Street complex into a retail and residential area some are comparing to Toronto’s Distillery District.
The National Capital Commission has officially cancelled the procurement process looking for a proposal to redevelop Ottawa’s LeBreton Flats following the collapse of its preferred proponent’s partnership.
Two sizeable projects got the green light from Ottawa’s planning committee Thursday. The committee gave its thumbs-up to the proposal for a $40-million sound stage off Woodroffe Avenue in Nepean, which required approval for changes to Greenbelt lands.
Two major projects that would add another 5,000 residents to Port Coquitlam’s borders were pitched by developers Tuesday. At the city’s committee of council, Marwest Development Corp. and Quantum Properties offered preliminary designs of their residential and commercial visions.
Sidewalk Labs offered a glimpse at a handful of high-tech prototypes it hopes to launch in a waterfront smart city it has proposed for Toronto on Friday. The technologies include hexagonal sidewalks that light and heat up.
The city of Toronto could stand to raise its property taxes by as much as 20 per cent, a new Centre for Urban Research and Land Development report suggests, pegging its rates as currently among the lowest across the GTA.
Luke Krueger, the co-founder of Calgary’s Valhalla Private Capital, is among those banking on the tech sector benefiting from a slowdown in B.C. real estate. Valhalla Angels launched its fourth Western Canada chapter last month in Vancouver.
Digital Colony has agreed to a $720-million deal to buy a cloud services company from Cogeco Communications. Cogeco Communications said it is selling Cogeco Peer 1 to affiliates of Digital Colony, which will remain headquartered in Toronto.
The Edmonton International Airport, a proposed southwest Edmonton hospital, and the Valley Line LRT expansion are driving long-range commercial real estate trends, says a report from the real estate firm CBRE.
Gap Inc will separate its better-performing Old Navy brand and shutter about 230 stores of its struggling namesake apparel business, in one of its biggest restructuring efforts to energize sales, sending shares surging 25 per cent on Thursday.
Close to three months after dismissing all of its representatives on the Waterfront Toronto board of directors, the Ontario government announced its newest appointees to the agency on Thursday afternoon.
Crude petroleum and barley showed the most growth in volume shipped through the Port of Vancouver in 2018, according to statistics released on Thursday. The Cargo Statistics Report stated cargo shipped through the Port of Vancouver reached a record 147 million tonnes.
The City of Vancouver plans to pilot a new notification system that will inform renters of their tenancy rights by mail when the city receives a permit application to develop select recently sold rental buildings.
Ron Olson’s Saskatoon-based Boychuk Construction Corp. has spent more than four decades building homes in and around Saskatoon, long enough to have seen a few booms and busts in the city’s construction industry.