Canada

Brookfield Asset Management has agreed to acquire Edmonton-based Gregg Distributors in a transaction valued at $1.6 billion. Gregg, an industrial-maintenance, repair and operations distributor, is to be acquired through Brookfield Asset Management’s private-equity arm. The transaction will see the Gary Gregg family and Gregg employees retain a meaningful ownership stake in the company, said Brookfield. …

An Aecon-led consortium has been awarded an $815-million contract to complete a sewage-treatment plant upgrade in Winnipeg. The company announced that the city has hired the consortium to upgrade the biosolids facilities at the North End Water Pollution Control Centre sewage treatment plant. The progressive design-build contract was awarded to Red River Biosolids Partners, a …

Lonsdale Energy has commenced construction on a new heat-recovery centre in North Vancouver, B.C., that will produce six megawatts of low-carbon heating capacity for 18,000 residents. Backed by a $17.5-million grant from the federal and provincial governments through the Investing in Canada Infrastructure Program’s CleanBC stream, the project will capture heat from wastewater generated by …

Beedie has broken ground on a major industrial project that will span more than one million square feet, the South Campbell Heights Business Park in Surrey, B.C. Located at 19084 20th Ave., the project will serve as the gateway to the South Campbell Heights industrial area and underscores Beedie’s long-term investment in Surrey, said the …

Canadian rental-apartment starts are expected to decline in all of 2026 as economic uncertainty, slower population growth, high borrowing costs and modest income growth weigh on overall housing demand, says a new report from the Canada Mortgage and Housing Corporation. Rental construction will ease gradually from peak 2025 levels, said CMHC in a mid-year housing …

Institutional investors are taking a more disciplined approach to capital deployment as they return to Canada’s commercial real estate market. Companies are paying closer attention to risk as they bring more institutional capital off the sidelines, according to industry leaders who participated in a panel discussion at Connect’s 2026 CRE Canada conference in Toronto. “After …

Sleep Country Canada has expanded into the U.S. with the acquisition of Sleep Number through a court-supervised sale process. Sleep Country said it has expanded its retail network to more than 800 locations by acquiring substantially all of the assets of Sleep Number. The acquisition positions Sleep Country as the world’s second-largest sleep retailer, said …

Canadian Manufacturers & Exporters and premiers are calling for Prime Minister Mark Carney to fight back against planned new U.S. 50% tariffs on almost US$20 billion worth of Canadian goods. If the tariffs are implemented, they would have widespread commercial real estate implications ranging from automobile manufacturing to multi-residential construction. U.S President Donald Trump’s planned …

Empire Company will no longer enforce grocery-related property controls, including restrictive clauses, the firm announced Tuesday. Stellarton, N.S.-based Empire said the move is part of a long-term commitment to support a competitive and accessible grocery market in Canada. The decision comes after Empire and Loblaw faced increasing pressure from the Competition Bureau to end restrictive …

Clarke has revamped its own, Ravelin Properties REIT’s, and Holloway Lodging Corporation’s senior executive teams amid a commercial real estate integration. The changes, effective Wednesday, are intended to strengthen operational leadership across Clarke’s residential, hotel and commercial real estate businesses by expanding executive responsibilities and decision-making authority, said the company. The moves come after Clarke …

The Greater Toronto Airports Authority has awarded a $1.5-billion contract to a NORR-Dialog joint-venture and PCL Construction to revitalize Pearson Terminal 1 and Terminal 3. The modernization effort is part of the airport authority’s Pearson LIFT airport-renewal program. The terminal-revitalization program will modernize aging infrastructure while improving the passenger experience through upgrades to gates, passenger …

The Colleges of Applied Arts and Technology Pension Plan (CAAT) board says it has strengthened the plan’s corporate governance rules following the completion of an independent review. The new rules come after former CEO Derek Dobson and Board Chair Don Smith were ousted following an executive-compensation controversy that resulted in Dobson repaying $1.6 million vacation …

Loblaw will open a new Maxi discount-grocery store in the historic former Montreal Forum by year-end 2027, the company announced. Construction is now underway at the building that served as the home arena of the National Hockey League’s Montreal Canadiens for seven games. The Habs won their 24th and last Cup there in 1993, downing …

Westmont Hospitality has agreed to purchase the iconic Fairmont Le Château Montebello through a court-supervised process, according to a published report. TourismExpress reported that Westmont has agreed to buy the hotel for an undisclosed price as part of a receivership sale. Colliers is acting as exclusive advisor to PricewaterhouseCoopers (PwC), which was appointed receiver of …

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, …