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Toronto’s Bay Street is most expensive in Canada

For the fifth consecutive year, Toronto’s Bay Street has topped the list of most expensive streets for office space in Canada.

REMI Network

Metro Vancouver moves to new Burnaby tower

Metro Vancouver has acquired the Metrotower III, located in Burnaby’s Metrotown Centre from Ivanhoé Cambridge for $205 million.

REMI Network

Manulife shares 2016 global investment insight

A low growth, low rate, low inflation is expected over the next five years, according to a global investment report released by Manulife Asset Management.

REMI Network

Ontario invests in supportive housing

Ontario is investing $16.2 million in 1,000 supportive housing units across the province, including $4 million for 248 supportive housing units in 2016-17.

Canadian Apartment Magazine

CAPREIT strengthens British Columbia portfolio

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) announced that it has completed the acquisition of a portfolio of four apartment properties well located in Victoria, British Columbia totaling 169 suites.

REMI Network

JLL to acquire the Strategic Advisory Group

Jones Lang LaSalle (JLL) announced it will acquire the Strategic Advisory Group (SAG) with the goal to be ‘a leading advisor’ to the hospitality industry.

REMI Network

InnVest to purchase Ottawa Marriot Hotel

InnVest Real Estate Investment Trust will purchase the Ottawa Marriot Hotel in downtown Ottawa for $115 million.

CondoBusiness

$1-bil transit-oriented project slated for Brossard

The City of Brossard and Devimco Immobilier have signed an agreement to develop a billion-dollar mixed-use transit-oriented development (TOD) that includes a tramway station in Sector

REMI Network

AccorHotels to acquire FRHI brands

AccorHotels is set to acquire FRHI Holding Ltd, parent of the Fairmont, Raffles and Swissôtel brands, for about $3 billion.

REMI Network

Retail is strongest asset class in Saskatoon: report

Retail has remained the strongest asset class in Saskatoon’s commercial real estate market in 2015, according to a recent Colliers International report.

Construction Business

Preferred proponent named for Site C

Peace River Hydro Partners has been named as the preferred proponent for the Site C main civil works contract by BC Hydro
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Construction Business

B.C.’s Evergreen Line delayed again to 2017

B.C.'s long-awaited Evergreen Line opening has been delayed again. The line is now expected to be operational in early 2017.

REMI Network

Plaza REIT closes on Newfoundland retail centre

Plaza Retail REIT has closed on approximately 100 acres of land in St. John’s, Newfoundland that will be developed into “The Shoppes at Galway."

REMI Network

InnVest sells Delta Trois-Rivières Hotel

InnVest Real Estate Investment Trust (InnVest) has sold the 159-room Delta Trois-Rivières Hotel & Conference Centre to a private investor.

REMI Network

Waterfront Toronto names new president & CEO

Waterfront Toronto’s Board of Directors has named William Fleissig as its new president and chief executive officer effective January 2016.

Canadian Apartment Magazine

Killam Properties to convert to a REIT

Killam Properties announced that it will convert from a corporation to a real estate investment trust ("REIT") to be named Killam Apartment REIT.

Canadian Apartment Magazine

Heathview named Rental Property of the Year

Morguard’s “The Heathview” took top honours for the 2015 Rental Development of the Year as announced by the Federation of Rental-Housing Providers of Ontario (FRPO).