Canada

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, …

Upfield Capital and Arrowleaf Real Estate have acquired Cornerstone at Uplands, a 181-unit purpose-built rental townhome community under construction in Edmonton, the companies announced. The acquisition comes as Upfield and Arrowleaf target growing demand for family-oriented rental housing amid changing market conditions. The purchase also acquisition reflects a strategy focused on larger-format, ground-oriented rental homes …

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, …

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 …

LiUNA and Fengate Asset Management have unveiled plans for Toronto Rail Yards, a major mixed-use development that is expected to deliver almost 4,000 multi-residential units above an active rail corridor in downtown Toronto. The development site is located between Bathurst Street and Spadina Avenue. The 14-acre project, which will be built over the existing rail …

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 …

LiUNA and Fengate Asset Management have unveiled plans for Toronto Rail Yards, a major mixed-use development that is expected to deliver almost 4,000 multi-residential units above an active rail corridor in downtown Toronto. The development site is located between Bathurst Street and Spadina Avenue. The 14-acre project, which will be built over the existing rail …

Aritzia has reopened at the revamped former Oakridge mall in Vancouver, marking a return to the location where the retailer first launched in 1984. The reopening comes as part of the broader redevelopment of the recently reopened mall, now known as Oakridge Park, and reflects the Vancouver-founded fashion retailer’s continued expansion and commitment to its …

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, …