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Apartment transactions picking up, fuelling optimism for more
Apartment transactions picking up, fuelling optimism for more
After a couple of years of very low investment activity in the Canadian multifamily sector, deals are beginning to get done again. “If we fast forward to today, it feels like there's more optimism,” says Hazelview Investments' Michael Tsourounis.
Ottawa Senators get deal for new arena at LeBreton Flats
The Ottawa Senators and the National Capital Commission say they've reached an "agreement in principle" to bring a new NHL arena and major events centre to LeBreton Flats. The anticipated $1B project is still years in the offing, however.
Race for industrial megasites in Ontario meets farmers’ fury
A plan to clear a handful of farmers off 770 acres in Waterloo Region to create an industrial megasite, in the hopes of attracting a future multibillion-dollar factory and thousands of manufacturing jobs, has turned into a pitched political battle.
ONE Development selling 49-storey project in Toronto
Toronto-based ONE Development has made its 736 Bathurst project available for purchase, opening the door for a new partner to join the project or take over altogether. ONE Development was planning a 49-storey tower with approximately 650 units.
Strong growth drivers in senior housing: Scotiabank analyst
Scotiabank analyst Himanshu Gupta updated clients on senior housing sector, where he recommends an overweight position within real estate. The analyst has buy ratings on Chartwell Retirement Residences and Sierra Senior Living Inc.
Industry groups largely back feds' new mortgage measures
Last week, the federal government announced changes to mortgage rules to help more qualified buyers access mortgages and become homeowners. The changes, taking effect this year on December 15 allow 30-year amortizations for first-time buyers.
Stouffville, Ont. considers banning new at-grade DT offices
Stouffville is considering a Zoning By-Law Amendment to prohibit new at-grade office uses along a portion of downtown Main Street. The goal is to increase the number of businesses able to drive pedestrian traffic and commerce.
Data centres supply not keeping pace with interest
A vast injection of new supply — which has already expanded the megawatt capacity of six leading markets by about 20 per cent during the past year — is still projected to lag a rising load from the Internet of Things.
After Rogers’ MLSE deal, Leafs-Raptors-Jays IPO likely
The acquisition of BCE‘s stake in Maple Leaf Sports & Entertainment for $4.7B could put Rogers in position to create a sports powerhouse including the Maple Leafs, the Raptors and the Blue Jays, which could be spun out to IPO.
Can Hamilton compete with TO after $280M arena revamp?
FirstOntario Centre is located in downtown Hamilton but make no mistake, the president of Oak View Group Canada told dozens of businesspeople this week, the $280M renovation at 40-year-old facility isn’t just about the city it sits in.
Developer sought for Hamilton Mountain housing project
Multi-storey housing will be built on the Mountain brow as part of a massive deal on former hospital lands. A developer is being sought for hundreds of units in buildings up to 18 storeys under a controversial minister's zoning order.
At 70, retailer Harry Rosen is on the brink of ’reinvention’
The company is pouring $50 million into renovations to update its 14 stores and five outlets. It will also move the marquee Bloor Street West location to Cumberland Avenue, and offer a client lounge, espresso bar and valet parking.
Retail sales telegraph more upbeat signal about economy
Canadian retail sales likely rose sharply in August after a solid July gain, indicating a strong rebound after two consecutive quarters of shrinking sales. August’s 0.5 per cent rise, based on an advance estimate from Statistics Canada released Friday, is just the third monthly sales gain this year.
Hines celebrates opening of luxury rental property in Calgary
Global real estate investment manager Hines has celebrated the completion of its Park Central master plan with the grand opening of Two Park Central, a luxury high-rise in Calgary. The 405,590-square-foot building features 531 rental apartments across 40 storeys.
Squeezed margins: developers, builders feel the pinch
Beyond well-known hurdles such as interest rates and capital costs, developers are also being squeezed by rising costs — from land acquisition, government regulations and building complexity, to employee retention and operational scale. Builders feel some of that pressure, too.
Ontario Teachers’ Pension Plan to sell Brazil mall stake
Ontario Teachers’ Pension Plan, one of Canada’s largest institutional investors, is set to unload its entire stake in Multiplan Empreendimentos Imobiliarios SA, the Brazilian mall operator in which it first invested in 2006 in a US$450M deal.
Blackstone to sell Motel 6 brand to Oyo for $525 million
Blackstone has agreed to sell the company behind budget hotel brand Motel 6 to India’s Oyo Hotels for US$525M in an all-cash deal. Oyo’s parent company is buying G6 Hospitality, which controls the Motel 6 and Studio 6 brands.
CRE brokers ready for a post-rate cut world
In the hours and days since the U.S. Federal Reserve cut interest rates by 50 basis points, commercial real estate brokers have been inseparable from their phones, even more so than usual.
Fed rate cut bodes well for REITs
U.S. public REITs were among the first markets to feel the ramifications of the Federal Reserve’s aggressive rate-hiking cycle. Now, as the pendulum begins to swing back the other way, the sector is positioned to reap the benefits of outperformance.
Industry Events
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MIPIM: The Global Urban Festival
Mar 11 2025
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Palais des Festivals, Cannes, France
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