A vacant half-acre lot formerly occupied by a gas station and car wash at 875 The Queensway in Toronto, which will be the site of the proposed 150-unit Vicinity Condos, has been acquired by Burlington-based Equiton.
Higher interest rates continue to dampen enthusiasm for commercial real estate, both CBRE and Colliers note in second-quarter reports exploring cap rates and market conditions for different asset classes and markets across Canada.
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