Industry News
REMI Network
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
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).




