Toronto’s new and improved Regent Park ice rink has officially opened at 480 Shuter St., boasting new lighting, dasherboards and fencing. The rink is part of a larger project, the Regent Park Athletic Grounds, which is currently under construction. The state-of-the-art sports facility is slated for completion later this year.

A 124,000-square-foot Sport for Life Centre in Winnipeg is set to enter the second phase of construction in spring 2015. The first phase of construction opened in April 2010. The one-of-a-kind facility, which will feature space for sport training and programs, recreational pursuits and youth leadership development, will be used as a venue for the 2017 Canada Summer Games.

The Government of British Columbia is keeping the allowable rent increase for residential tenancies at 2.5 per cent for 2015. This means no change from the rate established in 2014. By law, the rate of rent increase is calculated by a formula of two per cent plus the rate of inflation.

The Hope Centre, a 25-unit affordable housing development for Aboriginal youth and adults, has officially opened in the municipality of Sooke, B.C. The four-storey building is geared towards individuals who are homeless or at risk of homelessness. The project features 18 studio apartments, seven one-bedroom apartments and ground level commercial space.

A new affordable housing development in Kelowna will provide 50 apartment units for seniors and 20 townhomes for low to moderate income families in the area. Thanks to financial investments from the Governments of Canada and B.C. as well as the City of Kelowna, the project will redevelop an existing Pleasantvale Homes building, located on Kelowna’s Richter St.

Despite a year-over-year decline in residential sales for the month of December, Calgary’s condominium apartment and townhouse sectors set records in 2014. A total of 4,742 condominium sales took place in the region in 2014, an 18 per cent increase from 2013.

Statistics gathered in September marked 2014 as a record-breaking year for condo completions in Toronto, according to an article from the Toronto Star by George Carras, President at RealNet Canada Inc. (RealNet). Completions in the first nine months of the year broke the previous year’s record of 16,668 units. Carras attributes this growth to intensification policies and growth plans introduced in Ontario in 2005.

Brookfield Residential Properties Inc. and Brookfield Asset Management Inc. announced that they have entered into a definitive arrangement agreement for going private.

Broad Street Development (BSD), a multi-faceted investor and developer, has acquired 298 Mulberry Street and 304 Mulberry Street, two multifamily buildings with 182 apartments, with

Nobel Real Estate Investment Trust (Nobel REIT) has purchased two Montreal-based industrial properties for more than $10 million. Both properties are located near the Pierre-Elliot-Trudeau

The Manitoba government plans to invest almost $12 million to upgrade and replace water supply and disposal services to improve waste-water systems in rural communities.

Manulife Real Estate has announced its purchase of a 12-storey building in Toronto’s downtown core, as well as a national 24-building industrial portfolio for its

Fourth quarter statistics from Cushman & Wakefield (C&W) reveal a strong Toronto office market. According to the commercial real estate brokerage, 1.6-million square feet of office space was added to the city’s inventory this year and, despite that, vacancy rates remain the same as they were in Q4 2013. C&W reported a mere 0.1 per cent increase from Q3 2014 in Toronto’s office vacancy rate.

Allied Properties REIT has named Cecilia C. Williams vice-president and chief financial officer. Williams is currently vice-president and controller of Dream Unlimited and chief financial

Construction of the $8.7 billion Site C Dam in B.C. will begin in summer 2015 and will provide approximately 10,000 direct construction jobs. In making

Oxford Properties snapped up the Park Hyatt near Toronto’s Yorkville neighbourhood for about $90 million (USD) or $260,000 (USD) per room. Oxford says it’s planning

The latest Rental Market Survey from the Canada Mortgage and Housing Corporation (CMHC) revealed that investor-owned Toronto condominiums represent 2.4 per cent of the region’s inventory. According to the CMHC, that number is the highest among major Canadian metros surveyed in the report. In Vancouver and Montreal, foreign ownership in condominiums totaled 2.3 per cent and 1.5 per cent, respectively.