Canada

AutoCanada has completed the acquisition of the Contemporary Coachworks two-location collision-repair business in Calgary, expanding its collision-repair platform and establishing its first luxury collision-repair presence in the city. The acquisition adds approximately 30,000 square feet of collision-repair capacity through facilities in north and south Calgary and brings certifications across 15 original-equipment-manufacturer (OEM) brands, including Tesla, …

Northstar Clean Technologies has raised US$20 million through convertible debenture financings to help fund the ramp up of its Empower Calgary recycled asphalt-shingles manufacturing facility and support future growth initiatives, the company said in its latest quarterly report. The company closed the final US$1-million investment tranche of a US$10-millin private placement after completing a US$9-million …

A new 10,000-seat amphitheatre officially opened on Vancouver’s Pacific National Exhibition (PNE) grounds on Friday with with an inaugural concert featuring iconic Canadian performers Jann Arden and Colin James. The venue has been branded as the Freedom Mobile Arch. The $183-million venue, built with B.C. wood products, is the first new building constructed at the …

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, …

Canadian residential asking rents fell 4.7% year-over-year in May to $2,029, marking the 20th consecutive month of annual declines, says the latest National Rent Report from Rentals.ca and Urbanation. Average asking rents were down about $100 from a year earlier and 7.9% lower than two years ago, although they remained 0.7% above levels recorded three …

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, …

Northstar Clean Technologies has raised US$20 million through convertible debenture financings to help fund the ramp up of its Empower Calgary recycled asphalt-shingles manufacturing facility and support future growth initiatives, the company said in its latest quarterly report. The company closed the final US$1-million investment tranche of a US$10-millin private placement after completing a US$9-million …

Construction has begun on a new 67,000-square-foot industrial facility in Moncton, N.B. The project site is located at 80 Frenette Ave. in Moncton’s Caledonia Industrial Park. Lindsay Construction and Comztar Commercial Properties have broken ground on the energy-efficient project, which is scheduled for completion in early 2027. “This project reflects our continued commitment to providing …

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 …

Ontario’s prolonged freeze on property-value assessments is creating growing inequities in the province’s property-tax system, with some homeowners and businesses paying significantly more than their fair share of municipal costs, according to a new report from Ryan. In the report, How Ontario Can Restore Fairness While Protecting Ontario Taxpayers, author Paul Sullivan argues that the …

Hazelview Investments and Sierra Corporation broke ground Monday on a 217-unit purpose-built rental development in Toronto’s Leaside neighbourhood. The site is located at 383–389 Cleveland St., with occupancy targeted for 2028. The 15-storey project will include 43 affordable rental units and 33 accessible suites designed to CSA accessibility standards. Located near Bayview Avenue and the …

Birks Group has secured a new $32.5-million senior secured term loan and extended its revolving credit facility, providing additional liquidity to support store renovations, digital commerce initiatives and other growth investments, said the company. The luxury jeweller announced it has signed a five-year term loan facility with an affiliate of Gordon Brothers that matures in …

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 …

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, …