Canada

Firm Capital Property Trust has closed on its previously announced acquisition of a 50% interest in 10 manufactured-home communities in Alberta and Saskatchewan for $218 million. The 10 properties contain 1,649 sites altogether. “Today marks a major step forward for Firm Capital Property Trust,” said Robert McKee, the trust’s president and CEO. “This acquisition expands …

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. …

Prime Minister Mark Carney’s government has referred the Port of Vancouver Gateway Strategy to Canada’s Major Projects Office for accelerated approval. The move is designed to expand the country’s largest port, diversifying trade and helping Canada double exports to non-U.S. markets by 2035. Transport Minister Steven MacKinnon announced the referral, saying the strategy aligns with …

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 …

Avison Young’s 2026 Canadian Mid-Year Outlook indicates the commercial real estate market remains stable and confident, with most of the firm’s industry experts expecting activity to increase or remain steady through the second half of the year despite ongoing economic and geopolitical uncertainty. The survey of more than 200 Avison Young professionals, completed in June, …

Avison Young’s 2026 Canadian Mid-Year Outlook indicates the commercial real estate market remains stable and confident, with most of the firm’s industry experts expecting activity to increase or remain steady through the second half of the year despite ongoing economic and geopolitical uncertainty. The survey of more than 200 Avison Young professionals, completed in June, …

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 …

Prima Living has acquired nine Ontario seniors homes from Chartwell for $117.9 million, marking the upstart company’s third purchase in only 15 months of existence. The portfolio acquisition gives Prima, a division of Primacorp Ventures, an additional adding 689 units, increasing its Canadian portfolio to 1,187 suites. The purchase significantly expands the company’s presence in …

The Ontario government is “perpetuating unfairness” by refusing to reassess commercial property values and locking in higher tax rates, says a leading expert. Paul Sullivan, a property tax specialist with Ryan, made the comment in an interview with Connect, following up on his How Ontario Can Restore Fairness While Protecting Ontario Taxpayers report issued by …

The Quebec government has approved a plan to renovate the interior of Montreal’s Olympic Stadium. The approval comes as work continues on the construction and installation of the venue’s new permanent $870-million roof. In 2024, the province awarded a Pomerleau-Canam Group joint-venture a $729-million contract, taxes not included, to replace the 50-year-old stadium’s retractable cover …

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 …

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, …