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NexLiving looks to the future in wake of huge Devcore deal
NexLiving looks to the future in wake of huge Devcore deal
NexLiving Communities' (NXLV-X) financial results are beginning to show the impacts of last year’s transformational Devcore deal by which the firm essentially doubled its apartment portfolio, with its Q1 filings this week reporting record revenues.
Evidence builds that tariffs are chewing into economy
Warnings from executives at major retailers and real-time economic data that is flashing red provide proof that United States President Donald Trump‘s tariffs are starting to take a toll on Canadian companies.
Hudson's Bay to sell name, stripes, brands to Canadian Tire
Hudson’s Bay is getting a second life with a new owner — Canadian Tire Corp. Canadian Tire said Thursday it will pay $30 million for intellectual property belonging to the retailer, which is Canada’s oldest company.
 | Working Capital Why 2025 is a big year for real estate: Bob KnakalJesse FragaleHost, Working Capital - The Real Estate Podcast |
Ontario budget earmarks $50 million for modular housing
The release of the budget comes as the province faces grim realities on the homebuilding front, with housing starts projected to slow to 71,800 this year. The budget includes billions earmarked for initiatives to bolster and support new housing development.
Toronto bylaws may hamper lowrise apartment projects
Developers use amenities to add some lustre to their projects but the formula the city uses is the same for any project with more than 20 apartments. The economics and the space constraints are trickier with smaller buildings, however.
London strikes deal, ends lawsuit on tower project
Tricar Group had sued the city over delays in development permits, but a changing of the guard in the city’s planning department resulted in speedier approvals, ending the lawsuit. Construction on the 18-storey tower will begin in the fall.
Developer's $300K lawsuit trying to 'silence' student nixed
The Ontario Superior Court of Justice has dismissed a $300,000 lawsuit filed by a developer against an engineering student for trying to "silence" his concerns about the redevelopment of a Mississauga mall and plans to build adjacent residential towers.
Panatch offers lock-off suite option at Richmond's Cavendish
Builders marketing new homes to extended and larger families are increasingly offering separate, lock-off suites as options in their communities. B.C. developer Panatch Group has joined the trend at its Cavendish townhome project in Richmond.
Two Metro Vancouver cities claim priciest places to rent titles
The asking rent across Canada has continued to drop year-over-year, but renters in two Metro Vancouver cities still pay the highest prices in the country — Vancouver and Burnaby.
New Ontario bill sparks concerns over Realtor standards
Ontario has tabled new legislation that will allow out-of-province Realtors to more easily work in the province, but some are warning the move could lower Ontario’s high standards and open the door to underprepared agents working in unfamiliar markets.
Longtime Ford aide broke lobbying law, commissioner finds
Ontario’s integrity commissioner found that Premier Doug Ford’s longtime right-hand man broke provincial lobbying law. The commissioner’s office said he failed to register as a lobbyist for a client after lobbying “a public office holder” in a 2023 telephone call.
Starlight announces proposed mergers for private pools
Starlight, on behalf of Starlight Private Global Infrastructure Pool, Starlight Private Global Real Estate Pool and Starlight Global Private Equity Pool, will hold a special meeting of unitholders of the private pools on July 10.
Winpak plans $139M expansion at Winnipeg packaging plant
A major manufacturer has a Winnipeg expansion underway that involves turning food into food packaging. Winpak is adding 210,000 square feet to its Saulteaux Crescent facility. Once complete, the $139 million expansion will house the production of recyclable packages.
BSR REIT buys two Houston communities for $141 million
BSR Real Estate Investment Trust (HOM-UN-T) has purchased two recently constructed communities, Forayna Vintage Park and Botanic Luxury, both located in the Houston area, for a combined price of US$141 million.
Blackstone scores $800M from Norway for North American logistics fund
Despite a global trade war, Norway’s sovereign wealth fund is betting on U.S. industrial growth. Norges Bank Investment Management, Norway’s central bank and pension fund manager, invested US$800M in Blackstone’s closed-end core-plus North American logistics fund.
InvenTrust looks to build momentum in core Sun Belt markets
In the three-plus years since its 2021 listing, InvenTrust Properties Corp. has doubled down on fortifying its position in its core Sun Belt markets to benefit from the positive migration and business formation patterns that continue to shape the region.
U.S. bill could preempt bans on rent-setting algorithms
A new U.S. federal bill could kill state crackdowns on algorithmic rent-setting software thanks to a last-minute provision that would ban states from regulating artificial intelligence for the next decade.
Singapore’s Mapletree Industrial Trust sells 3 properties to Brookfield
Mapletree Industrial Trust said on Friday it has agreed to sell three of its Singaporean industrial properties to Brookfield Asset Management (BAM-T) for a total of $412.8 million.
Industry Events
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Edmonton Real Estate Forum
May 27 2025
Edmonton Convention Centre
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Land & Development
Jun 05 2025
Metro Toronto Convention Centre - North Building
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Southwestern Ontario Real Estate Forum
Jun 11 2025
to Jun 12 2025
RBC Place London, Ontario
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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