Canada

Princess Auto has opened a new 100,000-square-foot flagship store in Winnipeg. The retailer said the new location marks a shift in its national retail strategy, introducing a more experiential format focused on community engagement and hands-on customer experiences. The Winnipeg location will serve as a testing ground for an evolved retail model aimed at industrial, …

Imperial Equities has acquired an approximately 4.6-acre industrial land parcel located along Edmonton’s prominent 178 Street and 103 Avenue corridor for $3.4 million, the company announced. The fully compacted industrial site is currently leased to Finning International under a long-term lease agreement. The property provides Imperial with stable cash flow while preserving future redevelopment opportunities, …

Short-term rental hosts and hotels in Vancouver and Toronto are reporting lower-than-expected bookings ahead of soccer’s FIFA men’s World Cup, despite earlier expectations that the tournament would trigger a surge in accommodation demand, The Globe and Mail reported. Some Airbnb hosts in both cities say reservations have failed to materialize even as tournament dates approach, …

Several Greater Vancouver Area apartment buildings changed hands recently following the completion of sales transactions. Goodman Commercial represented the sellers in the transactions, which had a total value of about $32 million. All of the properties are older sites in well-located areas with high rental demand. All buyers were local family-owned private firms, Mark Goodman, …

Short-term rental hosts and hotels in Vancouver and Toronto are reporting lower-than-expected bookings ahead of soccer’s FIFA men’s World Cup, despite earlier expectations that the tournament would trigger a surge in accommodation demand, The Globe and Mail reported. Some Airbnb hosts in both cities say reservations have failed to materialize even as tournament dates approach, …

PROREIT has entered agreements to acquire 17 industrial properties in Québec City and Winnipeg for a combined purchase price of $136.8 million as the real estate investment trust looks to expand its industrial footprint and increase scale across key Canadian markets. The acquisitions include a 13-property industrial portfolio in Québec City comprising approximately 613,000 square …

Digital-first Article has announced plans to expand into the United States through the openings of new stores in San Francisco and the Seattle suburb of Bellevue, Wash., before the end of 2026. The modern furniture retailer said the approximately 7,500- to 8,200-square-foot stores are scheduled to open in fall 2026 as part of a strategy …

The Supreme Court of Canada’s decision not to hear an appeal of a New Brunswick Indigenous land claim to private property is reverberating across Canada. Several organizations have welcomed the decision, with the First Nation that sought the appeal being an obvious exception. Government officials and lawyers say the decision could have implications for a …

Increased military spending is boosting commercial real estate activity in Halifax, says a leading local broker. Craig Snow, co-owner of Remax Nova, told Connect that increased federal spending on military development projects and corresponding private investments are spurring deals in diverse asset classes across the region. Proposed development projects on military lands are making an …

Short-term rental hosts and hotels in Vancouver and Toronto are reporting lower-than-expected bookings ahead of soccer’s FIFA men’s World Cup, despite earlier expectations that the tournament would trigger a surge in accommodation demand, The Globe and Mail reported. Some Airbnb hosts in both cities say reservations have failed to materialize even as tournament dates approach, …

Skyline and Solmar have broken ground on the Rose Towers, a new purpose-built rental community in Brampton, Ont., that will add 1,290 rental suites to the Toronto suburb’s housing supply. Located at 241 Queen Street East, the Rose Towers development will include four high-rise apartment buildings ranging from 26 to 30 storeys, with ground-floor retail …

Regulatory barriers and structural factors have constrained Canada’s housing-supply responsiveness for almost two decades, according to new analysis from the Canada Mortgage and Housing Corporation. As result, housing starts have not kept pace with demand, and the roadblocks have contributed to higher home prices, CMHC Chief Economist Mathieu Laberge wrote in the report. CMHC found …

Canadian Urban Limited has acquired has acquired Laurence, a 230-unit mixed-use purpose-built rental-apartment building in Old Montreal on behalf of an unidentified European family office. Canadian Urban did not formally but announce the acquisition. But Sean Demsky, the company’s senior vice-president of investments, confirmed it on LinkedIn after providing comments to a media outlet. According …

Wesbild has halted a planned six-tower, 2,000-unit multi-residential development in Port Coquitlama, B.C. The master-planned project, known as PoCoPlace, was slated for the corner of Lougheed Highway and Westwood Street and would have included significant retail space and amenities. Phase 1 had been slated to include a 37-storey rental tower and a 35-storey condominium tower, …