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Arkfield has short- and long-term plans for 10 Lower Spadina
Arkfield has short- and long-term plans for 10 Lower Spadina
Arkfield has acquired a seven-storey downtown Toronto mixed-use office building with long-term redevelopment potential from Dream Impact Trust for $23.7 million.
Acquisitions, organic growth spur record Q2 for Tribe
Tribe Property Technologies Inc. achieved record quarterly revenue of $6.16 million in the three months ended June 30, an increase of 28 per cent from the same period last year.
How will the Bank of Canada’s rate cut impact real estate?
The Bank of Canada cut its key policy rate to 4.25 per cent on Wednesday. While experts say the previous two rate cuts did little to stimulate the housing market, opinions differ on whether the latest cut will increase activity.
1,000+ unit Urban North project in Barrie sold via receivership
Burlington-based Dunsire Homes Inc. — also known as Dunsire Developments — is the new owner of the Urban North Townhomes project planned for Barrie. The project envisions 1,057 housing units across 50 acres of land, delivered in six phases.
Rexall’s chain sold to Toronto's Birch Hill Equity Partners
Rexall’s owner McKesson Corp. (MCK-N) has sold the pharmacy chain to Toronto private equity firm Birch Hill Equity Partners. The deal includes the brand’s brick-and-mortar pharmacies as well as the Well.ca e-commerce site. Financial terms were not disclosed.
Seven & i to tell Couche-Tard takeover bid is insufficient
Seven & i Holdings plans to tell Alimentation Couche-Tard (ADT-T) that its offer price for the takeover of the Japanese operator of the 7 Eleven convenience store chain is insufficient and that competition law concerns remain.
 | MIPIM Be part of the Canadian Delegation to MIPIM 2025Be part of the Canadian Delegation for MIPIM 2025 next March in Cannes. Exhibit with the CREA Pavilion or the Montreal/Quebec Pavilion. Participate as a delegate and take part in Canada's networking events. Sponsored by: MIPIM |
Magazine highlights Canada's best regions for investment
Site Selection presents this year’s Canadian Competitiveness Awards and Canada’s Best Locations. Evaluated on a cumulative and per-capita basis across regions and municipalities, the data shows where companies are investing with the most frequency, most capital and most job creation.
Few employers actively enforcing return-to-office policies
In the Americas, return-to-office (RTO) policies are hardly being implemented, according to a recent report. While most (80 per cent) employers have return-to-office policies, just 51 per cent are mandating them, CBRE reports.
OLT to consider industrial complex plan near Hamilton airport
The fate of wetlands and watercourses will be debated in a developer’s bid to build a large industrial complex next to the Hamilton airport. Fengate Homestead Holdings has appealed its proposal for roughly 78 acres to the Ontario Land Tribunal.
Calgary can no longer afford Green Line LRT project
Calgary Mayor Jyoti Gondek said the city's Green Line LRT project is scrapped — at least for the foreseeable future. Her comments follow a letter from Minister of Transportation Devin Dreeshen saying the province is pulling $1.53 billion of funding.
4 natural disasters led to record number of insurance claims
The Insurance Bureau of Canada says the industry is addressing around 228,000 claims, a 406 per cent increase compared with the 20-year average, after the flooding in Toronto and southern Ontario, the Jasper wildfire, Calgary hailstorm and Quebec floods.
Four-building Lake Country, B.C. development approved
There was notable excitement at Lake Country Council Tuesday as it gave initial approval to an apartment development to replace the Airport Inn on Petrie Road. Calgary-based Eagle Crest Construction is planning a four-building, 364-apartment development.
3 apartment buildings in Toronto's Beaches listed for sale
Three four-storey apartment buildings in Toronto's Beaches neighbourhood just hit the market for $17 million. The four-storey buildings, built in the 1930s, consist of 54 units in a mix of one- and two-bedroom apartments.
TO tenants fight rent increase, argue landlord may develop
Tenants of a Toronto apartment complex are fighting an application for an above-guideline increase to their rent, because nearly half of it is covering an environmental assessment that's typically used to help the landlord sell or redevelop the property.
Canadian construction spared in TFWP crackdown
Canada’s construction sector was spared as the federal government announced cuts to the Temporary Foreign Worker Program (TFWP) low-wage stream, but stakeholders are wary about what might come next and are renewing calls for meaningful broader reforms.
London's Canary Wharf financial district continues to struggle
Canary Wharf is struggling to fill its flagship building at One Canada Square as staff continue to choose to work from home and employers downsize office footprints in what was once London's bustling financial heart.
Private equity is gobbling up parking firms across U.S.
Metropolis Technologies calls itself an artificial intelligence company, but earlier this year it became the largest operator of parking garages in the United States. The L.A.-based company acquired SP Plus Corp. for $1.5 billion US in May.
Shopping centre REITs are making a comeback
Shopping centres across the U.S. faced several years of challenges due to the pandemic and subsequent recovery period. However, shopping centres (including strip, power and neighborhood centres) also benefited from government support programs and have experienced rapid recovery
Nordstrom family bids to take chain private for $3.8B
The Nordstrom family plans to take its namesake department store chain private in a $3.8 billion US deal. Department stores have been on a downward slide, with some turning to dealmaking to try to address their woes.
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Mar 11 2025
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