Industry News

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Invesque to acquire Commonwealth Senior Living

The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of 2019.
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Record hotel performance to drive new construction

Amid strong tourism and business travel, CBRE expects 2019 hotel investment volume to exceed last year’s total of $1.5 billion.
MLA Langley

H&R sells The Atrium for $640 million

Closing is expected to occur on or about June 6, 2019.
Shibley Righton PBW High Voltage

Allied acquires properties in Toronto, Calgary and Vancouver

Allied Properties Real Estate Investment Trust (Allied) announced that it has acquired properties in Toronto, Calgary and Vancouver for a total consideration of $94 million.
AndazToronto

Mizrahi unveils plans for Andaz Toronto

The luxury hotel is set to make its Toronto debut in 2022.
EllisDon senior

Epic Investment Services and MDC Group merge

Epic and MDC first partnered in 2008 to have greater reach in Western Canada.
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Broccolini breaks ground on Victoria sur le Parc

The project is set to be the tallest residential tower in Montreal.
investment volume upswing

Montreal enjoys investment volume upswing

Investors snapped up $6.5 billion worth of property in Montreal last year, accounting for nearly 12 per cent of deals valued in excess of $1 million Canada-wide.
Fortress Real Developments

Plaza closes on property in Cambridge, Ontario

Plaza Retail REIT (Plaza) announces the purchase of Tri-City Centre in Cambridge, Ont. The 197,000 square foot centre is located in the heart of the main
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Lee & Associates expands presence in Canada

Lee & Associates Toronto is the firm’s second office in Canada.
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Canada invests $277M in Arthur Meighen Building

The project will transform the building into an energy efficient, low-carbon asset, cutting its annual greenhouse gas emissions by up to 80 per cent.
SFU energy

SFU opens new sustainable energy building

The $126 million Simon Fraser University (SFU) Sustainable Energy and Environmental Engineering Program (SE3P) building was officially opened this April.
StorageVault

Fronsac REIT acquires three properties

Two of the properties are located in Quebec and one in Nova Scotia.
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Cadillac Fairview breaks ground on 160 Front Street

The development features 1.2m square feet of office space, 339 parking stalls, and 12,290 square feet of retail space.
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New report recommends national wind resilience standard

The report provides the basis for the development of wind risk reduction measures.
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ASHRAE publishes energy guideline for historic buildings

The guideline provides comprehensive and detailed descriptions of the processes and procedures for the retrofitting of historic buildings to achieve greater measured efficiency.
B20

Report: B-20 stress test caused $15B drop in new mortgages

CIBC's chief economist Benjamin Tal's indicates that while the B-20 mortgage stress test has cooled the Canadian market, it might be time to loosen the reigns.