Industry News
Property tax shifts continue to plague Calgary
Nearly 12,000 non-residential ratepayers will get some relief from the property tax shifts Calgary's sliding downtown office values triggered this year
2019 BOMA BC Award winners announced
Top property management firms, individuals and suppliers in the commercial real estate industry were honoured at BOMA BC’s 2019 Awards Gala.
SickKids receives $100M donation for redevelopment
The largest single gift to The Hospital for Sick Children (SickKids) will help fund the redevelopment of the institution's campus in Toronto.
MPC lobbies Ottawa for less restrictive mortgage rules
Representatives from Mortgage Professionals Canada (MPC) united in Ottawa this May to lobby for changes to Canada’s federal mortgage eligibility and financing laws which “unnecessarily impact
Buildings in mix for breakthrough energy fund
Clean energy developers may secure up to $3 million or 50 per cent of project costs for the advancement of manufacturing, electricity, transportation or buildings related innovations with the potential to reduce global greenhouse gas (GHG) emissions.
Crombie announces $193.3M deal with Oak Street
The transaction includes approximately 720,698 square feet of primarily free-standing grocery-anchored properties.
UGM Women and Families Centre breaks ground
Union Gospel Mission (UGM) has broken ground on its $35.5 million new 'Women and Families Centre," the largest expansion in 78 years.
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.
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.
H&R sells The Atrium for $640 million
Closing is expected to occur on or about June 6, 2019.
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.
Mizrahi unveils plans for Andaz Toronto
The luxury hotel is set to make its Toronto debut in 2022.
Epic Investment Services and MDC Group merge
Epic and MDC first partnered in 2008 to have greater reach in Western Canada.
Broccolini breaks ground on Victoria sur le Parc
The project is set to be the tallest residential tower in Montreal.
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.
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
Lee & Associates expands presence in Canada
Lee & Associates Toronto is the firm’s second office in Canada.



