Industry News
Canadian Apartment Magazine
Rental housing proposed for iconic Toronto site
Vancouver-based architect Gregory Henriquez recently unveiled his vision for Toronto’s iconic Honest Ed’s site at Bloor St. and Bathurst St., which includes plans for 1,000 purpose-built rental housing units. In partnership with developer Westbank Corp., Henriquez revealed the conceptual Bloor & Bathurst community proposal for 55 buildings with residential, retail and restaurant space at a community meeting on March 3.
REMI Network
Key interest rate holds at 0.75 per cent
The Bank of Canada reports an easing of national financial conditions since a surprise downward adjustment in the key interest rate six weeks ago, and plans
Canadian Apartment Magazine
Starlight purchases Texas apartment complex
Travesia Apartments (Travesia), a 396-unit apartment complex in Austin, Texas, has been acquired by the Ontario-governed Starlight U.S. Multi-Family Core Fund (Starlight). Located at 3701 Quick Hill Rd., the 18-building development was purchased for $50.6-million U.S.
Canadian Facility Management & Design
St. Catharines Sports Hall of Fame relocated
As a result of a $150,000 donation from the Fallsview Resort and Casino, the St. Catharines Sports Hall of Fame has been relocated to the concourse level of the City’s Meridian Centre. The hall features the achievements and accomplishments of St. Catharines, Ont. athletes who have participated in sporting events at the provincial, national and international level.
REMI Network
Hamilton joins Suzuki’s Blue Dot campaign
Hamilton is the first municipality in Ontario to pass a declaration for environmental protection, joining 22 other cities across Canada as part of the David
Canadian Facility Management & Design
Historic Vancouver hotel renovated and reopened
Under British Columbia’s Single Room Occupancy (SRO) Renewal Initiative, Vancouver’s historic Gastown Hotel has been renovated and officially re-opened for business. The $143.3-million public-private initiative was established to help restore and maintain 13 provincially owned SRO hotels in the city’s Downtown Eastside for homeless individuals or those at risk of homelessness.
CondoBusiness
Housing affordability declines in Q4 2014: RBC
The latest Housing Trends and Affordability Report from RBC Economics found that the Canadian home ownership dream became slightly less affordable in the fourth quarter of 2014. Between November and December of last year, resale activity fell 5.6 per cent, the sharpest month-over-month decline recorded in four and a half years.
CondoBusiness
Unsold T.O. condo units reach 21-year high: BMO
According to a report from Sal Guatieri of BMO Financial Group, the number of unsold condo units in Toronto soared to levels not seen in 21 years this January. Guatieri, a Senior Economist at BMO, predicts that the rise in unsold condos, which reached 1,602 units, will slow the increase of new condo prices.
REMI Network
Marine Gardens redevelopment gets approval
Concord Pacific received approval from Vancouver City Council for its multi-building Marine Gardens redevelopment near Marine Drive Station’s growing hub. In the seven-storey mid-size building,
CondoBusiness
City Council approves Ottawa’s tallest building
A three-building condominium development, including Ottawa's tallest building to date, was approved by Ottawa City Council last week. The proposed development, which includes an 18-storey tower, a 45-storey tower and a 55-storey tower, will be collectively known as “The Sky.”
REMI Network
Dream Global CEO wins notable German award
Jane Gavan, chief executive officer of Dream Global REIT, was honoured with a prestigious 2015 immobilienmanager.Award from the leading German real estate journal based in Cologne.
REMI Network
Ontario Greenbelt land-use plans up for review
This year marks the 10th anniversary of Southern Ontario’s Greenbelt—the largest in the world—and future land-use plans for the area will be up for review.
REMI Network
Vancouver’s Avigilon to buy Telus headquarters
Vancouver-based technology company Avigilon plans to move into a prime Robson Street office tower where Telus is currently anchor tenant. With a $2-million deposit already
Canadian Facility Management & Design
Aerospace manufacturer to build in Cambridge
A $54.2-million manufacturing facility, specializing in the creation of aerospace products, will be built in Cambridge, Ont. The 108,000-square-foot facility will be owned and operated by Héroux-Devtek Inc., a Canadian company that designs and develops landing gear for the aerospace market.
REMI Network
RioCan, Simon Property venture with HBC
RioCan is forming a joint venture with Hudson’s Bay Company (HBC), with the plan to scope out new real estate and redevelopment opportunities and improve
Canadian Facility Management & Design
25-year FM contract awarded for Sask. facility
Facility management company Cofely Services Inc. (Cofely) has been selected to manage a new Civic Operations Centre (COC) in Saskatoon, Sask., which is slated to enter construction this spring.
REMI Network
Bay Centre sale could be B.C.’s top deal of 2015
The Bay Centre shopping mall in downtown Victoria, British Columbia, has been sold, marking what could be one of the largest commercial real estate transactions




