Canada

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 …

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, …

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 …

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 …

Heal Wellness has opened a new location in Woodstock, Ont., marking the latest expansion for the smoothie and açaí bowl quick-service restaurant brand. The new restaurant, located at 860 Dundas St., comes as parent company Happy Belly Food Group continues to expand the brand across Ontario through what it describes as an asset-light growth strategy. …

A heritage building in Montreal will be transformed into an inclusive and accessible community hub after receiving more than $11.3 million in federal funding through the Green and Inclusive Community Buildings program, officials announced. Located at 5611 Clark Street in Montreal’s Mile-End neighbourhood, the building formerly housed the Luke Callaghan School. The Alexis-le-Trotteur daycare centre, …

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, …