Industry News

multi-suite rental sales

Canadian Apartment Magazine

Starlight acquires Toronto portfolio of 628 rental units

Starlight Investments announced it has completed the purchase of a Toronto portfolio comprised of 628 rental units spread across 12 properties and 19 buildings.
HFC prohibition dates

Canadian Facility Management & Design

Quebec’s HFC prohibition dates called untimely

Proposed revisions to Quebec's halocarbon regulation could sideline some commonly used refrigerants before alternatives with lower global warming potential can feasibly be in place.
PROREIT

Canadian Property Management

PROREIT completes $49.3-mill acquisition

The purchase includes six properties - five light industrial buildings in Halifax and one boutique office tower in Ottawa.
Toronto Community Housing

Canadian Apartment Magazine

Toronto Community Housing announces restructuring plans

Toronto Community Housing Corporation (TCHC) announced plans to restructure in an effort to deliver better, faster service to its 110,000 tenants.
rental rates

Canadian Apartment Magazine

Rental rates in Canada 8% higher than last year

New data from Rentals.ca and Bullpen Research & Consulting reveals that although rental rates have declined across Canada for the second month in a row, overall they are up 8 per cent from 2018.
Solstice Montréal

REMI Network

QMD-Ménard Consortium breaks ground on Solstice Montréal

The condominium project led by QMD-Menard Consortium broke ground on September 10, 2019.
BOMA Canada BOMEX 2019

REMI Network

BOMA Canada announces top CRE achievers of 2019

This year’s gala presented recipients with a total of 27 awards, recognizing top CRE achievers in the industry from across the country.
SmartCentres and Greenwin partnerhsip

Canadian Apartment Magazine

SmartCentres and Greenwin join forces on new Barrie development

SmartCentres REIT and Greenwin Inc. announced that they have entered into a 50/50 joint venture to develop a 7.8 acre lakefront property located in Barrie, Ontario.
East Harbour

Canadian Property Management

Cadillac Fairview acquires East Harbour project

The transaction is expected to close on September 25, 2019.
Canadian health care

Canadian Property Management

Canadian health care delivers climate champions

More than 190 health care organizations collectively represent 17,500 hospitals and related facilities in 28 countries that have signed on to the global effort to improve the sector's resiliency and reduce its environmental footprint.
Calgary apartment sector

Canadian Apartment Magazine

Apartment sector leads lagging Alberta investment activity

Altus Group’s latest report on investment shows that both Calgary and Edmonton’s commercial real estate sectors were down significantly in Q2, excluding the apartment sector.
Canadian pension funds

Canadian Property Management

Canadian pension funds look to GRESB guidance

Oxford Properties Group and Ivanhoé Cambridge have been benchmarked atop their North American peers in the 2019 GRESB Real Estate Assessment, which this year plotted the ESG performance of 1,005 companies, funds and REITs worldwide.
burnaby hospital

Construction Business

Burnaby Hospital set for $1.3B redevelopment

Burnaby Hospital will be undergoing a major $1.3 billion redevelopment. The project is one of B.C.'s largest-ever health care investments.
multifamily market

Canadian Apartment Magazine

Canada’s multifamily market is most robust it has ever been: CBRE

Canada’s multifamily market is the most robust it has ever been, with low vacancies from coast to coast and rental rates at or near 10-year highs in most cities, according to CBRE.
trade conflict bank of canada

REMI Network

Trade conflict impacts Bank of Canada interest rate

The next announcement on the overnight rate target is October 30, 2019.
W Toronto

REMI Network

W Toronto slated to open in 2020

In partnership with Larco Hospitality, the property will undergo a $40-million transformation.
Boardwalk and Riocan

Canadian Apartment Magazine

Boardwalk and RioCan announce plans for new mixed-use development

Boardwalk and RioCan have announced plans for another mixed-use development, this one to be located in Mississauga, Ontario.