New York City-headquartered EliseAI opened a Toronto office in February and recently released a report based on surveying 50 Canadian multifamily operators and 200 renters to find out how they’re using artificial intelligence (AI) at their properties.

Shoring and excavation have now been completed for a 16-storey, 256-unit purpose-built rental apartment adjacent to the uptown core of Oakville, Ont. The build represents the first phase of a master-planned community to be called Oakville Yards.

Flexbile workspace and office provider International Workplace Group PLC (IWG) opened 18 new locations in Canada last year and shows no signs of slowing down. The Canadian growth was part of IWG’s global expansion, as it signed 1,132 new centres.

Now leasing, The Spoke brings 398 purpose-built rental homes to Toronto's Junction Triangle. Developed by Tricon Living, the community pairs design by Canada's leading architects and designers with family-friendly suites, flexible workspaces, and 26,000 square feet of resort-inspired amenities.

As sports venues evolve into anchors for mixed-use neighbourhoods, the real challenge is creating places that generate daily activity, long-term value and life beyond event days. For decades, stadiums and arenas were planned as event assets.

Markets can change on a dime and even more so over the course of six or 12 months. Last year, there was worldwide concerns about the economy, but the real estate market has remained solid and even turned for the positive.

Vancouver-based Lotus Capital Corp. has purchased its first retail centre in Kelowna, calling the city one of Western Canada’s strongest secondary markets.  Lotus, which has been boosting its portfolio of necessity-based retail in Canada, closed a deal to buy Plaza 33. 

Toronto real estate investment firm Axia Real Assets LP has proposed an acquisition of Plaza Retail REIT (PLZ-UN-T), which values the Fredericton-based retail property owner and developer at $1.23 billion.

REALPAC has launched a search for its next Chief Executive Officer to lead the organization as it continues to advance and advocate for Canada's commercial real estate sector.

Later this summer, Vancouver-based Nicola Real Estate — the real estate arm of investment management firm Nicola Wealth — will be welcoming residents to Spencer Block, the company’s latest purpose-built rental community in Victoria.

As Canadians, we've collectively agreed on one thing: once summer arrives, we immediately forget winter ever happened. The snowbanks that swallowed parking spaces. The icy sidewalks that transformed simple walks into obstacle courses. The endless cycle of shovelling, salting...

BGO Properties and Visitt, a property operations platform powered by artificial intelligence (AI), have partnered to deliver solutions across BGO's national portfolio of over 300 commercial real estate assets. 

TO OUR VALUED READERS: RENX staff will be taking our annual break for a hard-earned vacation during the week of June 29 through July 3.

The global transition to a net zero economy is inevitable but how Canada will take advantage of the opportunity to drive the development of green buildings remains a question, the Building Lasting Change conference heard last week.

An investment group led by Immo Alliances has acquired  a multi-residential portfolio of 25 buildings with 248 units, as well as two redevelopment sites following a fire at 2012-2022 Westmore Ave., in Montreal’s Notre-Dame-de-Grâce neighbourhood.

Ground has been broken on the first of three towers at Forêt Forest Hill, Canderel’s master-planned 1,300-plus-unit condominium community at the corner of Bathurst Street and St. Clair Avenue West in midtown Toronto.

On Monday June 1, CMHC announced that Operating Expense Benchmarks are increasing for five-plus unit multifamily insured mortgages with the changes taking effect for applications received on June 8 or later.

Pontegadea has acquired a 379,000-square-foot refrigerated distribution centre, which is leased to Lactalis Canada for another 24 years, in an off-market deal from Broccolini for $187 million.

Public Storage Canada (PS Canada), which has a portfolio of 68 self-storage facilities across five major Canadian cities, is set to be sold to Texas-based Public Storage (PSA-N) for $1.67 billion.

RFA Financial is continuing to sell off assets following its creation from the merger of RFA Capital and Artis REIT in February. The new company is seeking to bolster its financial services and banking operations with capital from these sales.

GUEST SUBMISSION: "B.C. leads the country in rent decreases," Minister of Housing Christine Boyle’s office declared again this month. "We continue to see the effects of our efforts to build a historic amount of affordable housing."

Leyad has acquired The Bay Centre, a 420,000-square-foot mixed-use commercial property in the heart of downtown Victoria, from Manulife in an off-market deal for an undisclosed price.

Allied Properties REIT (AP-UN-T) announced that Craig MacIntyre has been appointed senior vice president and chief financial officer, effective July 29. Three new leaders appointed at Arcadis and executive moves at CBRE, OIM Group and Crozier.

In a deal first announced early in 2025, a new cold-storage facility is now open for business in the port of Saint John. The operation supports approximately 22,000 pallet positions and is owned by Atlanta-based Americold Realty Trust (COLD-N).

Peterson’s Mirvish Village development in Toronto is ready to take the neighbourhood into its new era. Located at the site of the former Honest Ed’s store, Mirvish Village has been welcoming residents to its first rental towers.