Industry News

Brant Park

Brant Park pays back $100-mil to syndicate lenders

Lenders in a syndicate mortgage that funded Brant Park received their principal back in full, as well as an estimated annualized return of 8.12 per cent.
Waterfront Toronto

New member named to Waterfront Toronto Board

Jeanhy Shim was named as a member of the Waterfront Toronto Board of Directors for a three year period, effective June 7.
real estate deals

Feds scrutinize real estate deals for tax compliance

The federal government is stepping up its scrutiny of real estate deals in a crackdown on tax cheating, the Canada Revenue Agency (CRA) reported last Friday
Fish Creek Exchange

Fish Creek Exchange to hold Grand Opening

Graywood Developments is entering Calgary with Fish Creek Exchange, a multiphase residential community, with a Grand Opening on June 17.
Transit City

Vaughan’s Transit City Condos substantially sold out

Smart Real Estate Investment Trust (SmartREIT) and Mitchell Goldhar have announced that the first and second condo towers at Transit City, located in SmartCentres Place
condo law reforms

Updated timeline released for condo law reforms

The Ministry of Government and Consumer Services has released an updated timeline for the roll out of condo law reforms.
Queensway Park

Plans for new Queensway development revealed

Urban Capital and Rosewater have unveiled plans for their latest development, Queensway Park, located on The Queensway.
short-term rentals

Regs proposed for short-term rentals in Toronto

City of Toronto staff are proposing that short-term rentals be restricted to the home-sharing variety versus the commercial kind.
Conkrite Capital

Conkrite Capital names head of condominium affairs

The Board of Directors of Conkrite Capital Corporation have unanimously voted on the appointment of Paul Endres as director of condominium affairs.
GTA new home market

Demand outpaces supply in GTA new home market

In April, demand for new homes in the GTA continued to outpace supply, driving up prices for all types of available new homes, says BILD.
balcony fire

TFS sounds alarm over rise in balcony fires

Toronto Fire Service (TFS) is sounding the alarm over a recent rise in the number of balcony fires caused by carelessly discarded cigarettes.

Adera recognized for building excellence

Adera was recently presented with awards for design, architectural quality and innovation by the CHBA and the Greater Vancouver Home Builders' Association.
mass timber construction

UBC Wesbrook Village condo reaches key milestone

The final mass timber panel has been installed at Adera’s Virtuoso project in UBC’s Wesbrook Village, marking a key milestone in its construction.
Ontario peak electricity price

Ontario peak electricity price fails to shock

Ontario's recent electricity price adjustments have narrowed the gap between the on-peak and off-peak rates, while stretching the mid-peak to on-peak range a little farther apart.

Concert’s David Podmore retires as CEO

David Podmore has announced his retirement as CEO of Concert Real Estate Corporation. Effective June 2, 2017, Brian McCauley assumes the role of president and CEO for
Zero Carbon Building Standard

CaGBC launches Zero Carbon Building Standard

To help meet Canada’s climate change commitments, the Canada Green Building Council has launched the country’s first Zero Carbon Building Standard.
OAA Awards

Additional honours presented at OAA Awards Gala

The Ontario Association of Architects (OAA) recently held its annual Ceremony of Excellence in Ottawa, celebrating the best of the industry in the province.