Gary Silverberg is selective about the projects he develops, so Début in Barrie is his first since Toronto’s ART Condos was completed in 2013. “What I really enjoy doing is finding emerging neighbourhoods,” Silverberg told RENX.
E-commerce giant Shopify (SHOP-T), which earlier confirmed it is planning to vacate its former Ottawa headquarters, is also closing one of its Toronto offices and overhauling most of its other Canadian locations as part of a shift to digital working.
Architect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP
The loss of foreign tourism due to the COVID-19 pandemic cut visitation to Banff by 15 per cent this summer and bit into the hotel trade by more than 50 per cent, said Angela Anderson, spokeswoman for Banff & Lake Louise Tourism.
Vancouver-based Seacliff Properties’ plans for a mixed-use community with up to 2,850 homes on the 134-acre site of a former gravel pit near Victoria has received initial support from Colwood council. The proposal would include commercial and office space, and parkland.
Focus Equities founder Ken Mariash’s proposal to allow more than 1,000 rental units in at least four 26- and 30-storey towers in the area around the historic E&N Roundhouse will go to the City of Victoria this week.
A triangular-shaped brownfield site on Old Weston Road just south of St. Clair Avenue West in Toronto’s Carleton Village area has been targeted for intensification by I2 Developments. Plans detail a 29-storey residential tower featuring a design from TACT Architecture.
Over the past 20 years, Portland’s Pearl District has earned worldwide attention for its urban renaissance, while Calgary’s East Village has been attracting similar attention for a decade. There are many similarities between the two redevelopment projects and some shocking differences:
Timbercreek Asset Management announced it has obtained regulatory approval for the transfer of Timbercreek Investment Management Inc. to Timbercreek Equities Corp., a newly formed company that will independently manage Timbercreek’s direct real estate asset management and securities advisory businesses.
Between Aug. 24-26, executive chair of the board Mitchell Goldhar invested over $3.8 million in units of SmartCentres REIT (SRU-UN-T). He purchased a total of 188,300 units at an average cost of approximately $20.44 for an account in which he has indirect ownership.
Demand for summer products as well as continued strength in purchases of cleaning supplies helped to push sales up at discount retailer Dollarama Inc. (DOL-T). The Montreal-based company reported Wednesday that its second-quarter sales grew 7.1 per cent, to $1 billion.
Canadian convenience store operator Alimentation Couche-Tard Inc.’s (ATD-B-T) quarterly earnings beat estimates on Tuesday, as customers spent more on groceries at its stores, while a fall in fuel prices boosted profit margins at its gas stations.
A recent report by Trepp found almost one in four U.S. hotels are at risk of foreclosure. Trepp reported the percentage of loans that are 30 or more days delinquent was 23.4 per cent as of July, the highest percentage on record.
There is little hope of a recovery for the hard-hit retail sector until next year at the earliest, and even so, about 25 per cent of all U.S. malls (totaling about 1,000 now) are doomed to close over the next five years.
J.C. Penney Co.’s (JCPNQ) talks with landlords, including Brookfield Property Partners, for a rescue from bankruptcy proceedings have reached an impasse. The firm is close to collapse unless it can quickly reach a deal to be taken over by lenders.
McDonald’s Corp. (MCD-N) has been sued by 52 black former franchise owners who accused the fast-food giant of racial discrimination by steering them to depressed, crime-ridden U.S. neighbourhoods and setting them up for failure.
Under new regulations approved by Saskatoon city council on Monday night, most people offering short-term rentals will have to obtain a $125 business licence; those offering short-term rentals in most residential areas will also have to make a discretionary use application.
Halifax regional council voted unanimously Tuesday to approve changes to planning rules across the municipality that will allow basement apartments and backyard suites for single-family homes, townhouses and duplexes. Councillors were generally convinced the move would provide more affordable housing.
EDITORIAL: When three appeals of proposed lot splits were heard by the City of Winnipeg on Tuesday, the issue was about more than a few new houses. It was about citizens protesting the unfairness of the approach to infill housing.
Vancouver developer Ross Bonetti has tapped into a novel way to save one of the district’s mid-century modern heritage houses and still make a profit from his investment as part of a heritage revitalization agreement with West Vancouver.