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Starlight acquires 2 Toronto apt. buildings from Oxford
Stripe opens Toronto office at 1 University Ave. tower
American-Irish payments company Stripe is growing its Toronto presence with the opening of a new office in the city. The space, which opened Sept. 26, is located at 1 University Ave. in the city’s downtown core.
32-storey mixed-use dev proposed near future Fairbank LRT
Over 400 new units could be added to Toronto's Caledonia-Fairbank neighbourhood via a planned 32-storey mixed-use development from Clifton Blake Group. The developer submitted an official plan and zoning by-law amendment application that is pending review.
Emergia announces filing proposal to creditors
Emergia Inc. announced the company finds itself in a "dire financial situation", having accumulated debts with exorbitant interest rates. Management filed a proposal to creditors on Sept. 27 and is preparing a restructuring, recovery and repayment plan.
Economists see soft landing even without jumbo rate cuts
The Bank of Canada will be able to pull off a soft landing for the country’s economy without resorting to half-point interest rate cuts, analysts say. The central bank is predicted to keep lowering borrowing costs at quarter percentage-point increments.
Convenience stores look to become food destinations
Much has been made of 7-Eleven’s Japanese convenience stores where customers can buy foods including bento meals. 7-Eleven is far from alone in trying to sell more food, the trend is growing among convenience store retailers.
Food industry companies invest in former Quebec factory
Little is known about the District Lupel. However, this former Cascades factory is on its way to becoming one of the most important food hubs in Quebec. If not the most important, with its 360,000 square feet of surface area.
OHBA acquires EnerQuality to expand training mandate
The Ontario Home Builders’ Association (OHBA) has taken full ownership of energy efficiency certification company EnerQuality Corporation, a move aimed at expanding the association's increasing focus on training for its 4,000 member companies.
Quebecor pushes for debt discount as it seeks to buy Corus
Quebecor Inc. (QBR-B-T) is pushing lenders to take a haircut on loans to Corus Entertainment Inc. (CJR-B-T) in its attempt to acquire the media company’s national stable of television and radio stations.
Watchdog probes suspected CREA anti-competitive policies
The Competition Bureau is investigating if rules by Canada’s largest realtor industry group are pressuring home sellers to pay higher commissions to their real estate agents. Court filings reveal the federal watchdog launched an investigation in late June.
Toronto ranks 5th in the world for risks of RE bubble
Only Miami, Tokyo, Zurich and Los Angeles are running hotter than Toronto, according to a UBS report. During the heady housing boom, risks of real estate bubbles rose to record highs in cities around the world.
HOOPP targets Europe with London office launch
Healthcare of Ontario Pension Plan, which oversees $113B on behalf of members, has opened a temporary office close to Oxford Street, staffed by senior employees who have relocated from Ontario. It will move to an office near Piccadilly soon.
Brookdale Senior Living to buy 41 seniors' communities
Through a series of privately negotiated, off-market transactions, Brookdale Senior Living will acquire 41 U.S. seniors' communities (2,789 units) from three current triple-net lease portfolios for a combined purchase price of US$610 million.
Multifamily completions reach 50-year high, dropping rents
New multifamily buildings are popping up across the U.S., satiating demand that has sent rents soaring in recent years. Annualized multifamily completions as of August totaled 740,000 units, a 50-year high, according to a RealPage report.
Back to the office, say bosses. Thank goodness, say CRE firms
Back to the office, say bosses. Thank goodness for that, say property firms. Staff working from home half the week put an inevitable damper on the office property sector. Will changing patterns keep the lights on and returns attractive?
Riskiest real estate bonds are beating Nvidia’s returns
A gloomy corner of the debt world has become the winning trade in financial markets, producing returns few traders have seen in over a decade. Hybrids, the riskiest slice of a RE company’s debt, have returned over 75 per cent.
Industry Events
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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