Results for: Canada’s largest rental markets are all adjusting to softer rents and more cautious underwriting, but investors in Vancouver, Toronto, Montreal and Alberta are making very different bets on where value now sits. The slowdown is widespread. Rentals.ca reported asking rents in June were down year over year in all six of Canada’s largest markets, including …
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Consumer Centres has acquired Charlotte Mall, a 115,953-SF shopping centre at 210 King St. in St. Stephen, N.B., from Crombie, taking on a property with a large block of long-vacant retail space available for repositioning. The Montreal-based owner said the centre’s existing tenants include Giant Tiger, Dollarama, Jean Coutu, NB Liquor, CIBC and Bell Aliant. …
Savills hired Steve Campbell as associate vice-president, industrial, as the brokerage continues to expand its Calgary platform. Campbell brings experience from the energy sector and joins a team serving one of Canada’s fastest-growing industrial markets. The Real Estate Council of Ontario appointed Jean Lépine interim chief executive officer as its newly constituted board assumes oversight …
Edmonton is putting municipal funding behind non-profit buyers of older apartment buildings, adding a new source of acquisition capital to the city’s multifamily market as officials try to slow the loss of lower-cost rental stock. The Edmonton Rental Protection Program will help eligible non-profits acquire and rehabilitate existing market rental properties, with the city saying …
Coke Canada Bottling and Broccolini have broken ground on a 62,000-SF expansion of the beverage company’s largest Canadian facility in Brampton. The addition at 15 Westcreek Blvd. will expand the existing 670,000-SF manufacturing and distribution complex, taking the facility to roughly 732,000 SF when completed. Construction is underway alongside active manufacturing, distribution and logistics operations, …
Toronto-based Starlight Investments has raised £680 million for its second U.K. build-to-rent fund and related investment vehicles, giving the Canadian manager fresh capital to expand a residential platform it launched in Britain six years ago. Starlight UK BTR Fund II will support the acquisition and delivery of more than 6,000 rental homes, with three projects …
Vancouver commercial real estate investment fell 23% year over year to $3.5B in the first half of 2026 as investors became more selective and concentrated capital in properties offering durable income, according to Altus Group. Retail was the only major asset class to post an increase, with investment volume edging up 1% to $866M. Altus …
Palladium Resort Development has acquired an 8.2-acre site in Ottawa’s west end as it advances plans for a 236-room hotel, indoor waterpark and family entertainment complex. The property at 2775-2785 Palladium Dr., near Highway 417 in Kanata, was acquired from Leisure Days RV Group. Ottawa’s planning and housing committee approved a zoning bylaw amendment for …
More than 1,000 acres of serviced, shovel-ready industrial land are being positioned for development around St. Thomas’ emerging battery-manufacturing hub. The land is part of Yarmouth Yards Industrial Park, where Volkswagen subsidiary PowerCo and battery-materials manufacturer Vianode are anchoring more than $10 billion of investment. PowerCo is developing its $7-billion battery-cell gigafactory on roughly 350 …
IKEA will open its first compact store in Canada on Sept. 29 at White Oaks Mall in London, Ont., taking 43,000 SF of former Hudson’s Bay space as the shopping centre continues to re-lease the former department-store box. The store at 1105 Wellington Rd. will carry more than 2,500 everyday and seasonal products, including about …
Cantiro has sold Kenton Flats, a 74-unit purpose-built rental property in Spruce Grove, Alta., marking the first completed disposition by its Cantiro Opportunity Fund since the investment vehicle launched in 2024. The four-storey property at 39 Kenton Way includes 39 one-bedroom and 35 two-bedroom apartments. Cantiro said the building was 97% occupied before the sale. …
Canadian boot manufacturer Kamik has signed a long-term lease at a newly developed 141,000-SF industrial property at 7300 Chemin de la Côte-de-Liesse in Montreal’s Saint-Laurent district. Scalia Properties developed the building in partnership with Sina along the Autoroute 520 industrial corridor, minutes from Montreal-Trudeau International Airport and near Highways 13, 15 and 40. Avison Young …
One of Kelowna’s last large-scale waterfront redevelopment sites has changed hands following a court-ordered sale tied to Vancouver developer Minglian Group. The 1.295-acre property at 3854 and 3858 Truswell Rd. sold for $8.5 million, according to Kelowna-based real estate appraisal and consulting firm NCA Commercial. Colliers had marketed the site for $9.98 million. The purchaser …
A 1.49-hectare Niagara Falls site already rezoned for 583 residential units, a 300-room hotel and commercial space has fallen into receivership over more than $20.8 million in debt. The properties at 6663, 6671 and 6683 Stanley Ave. and 5582 and 5640 Dunn St. are owned by Stanley JV, with Stanley Development Limited Partnership identified as …
Cadillac Fairview has landed T&T Supermarket for 68,000 SF of the former Hudson’s Bay space at CF Markville, providing a significant replacement tenant as Canadian mall owners continue to work through the department store chain’s collapse. The Loblaw-owned Asian grocer will occupy the lower level of the former Bay at 5000 Hwy. 7 in Markham, …
Lovo has broken ground on a $100-million industrial egg campus in Saint-Hyacinthe, Que., as record Canadian egg production drives investment in processing capacity. The farmer-owned company is building the project on more than 600,000 SF on Picard Street in the Saint-Hyacinthe industrial park, adjacent to its existing plant. The first component is a grading facility …
Westerkirk Capital’s plan to build a 6,420-unit community in north Oakville will face its first statutory public meeting Tuesday night as the investment firm seeks major planning approvals for a nearly 50-acre site. The proposal for 340 Burnhamthorpe Rd. E. and 3437 Trafalgar Rd., at the southeast corner of Burnhamthorpe and Trafalgar roads, calls for …
Montreal-based Kruger is moving a proposed investment of up to $700 million at its Corner Brook Pulp and Paper complex into environmental review, advancing a plan to reposition the century-old industrial site around manufacturing, renewable energy and upgraded infrastructure. Project Tuckamore was registered with Newfoundland and Labrador regulators Sept. 1. The proposal includes an approximately …
Ipso Facto has acquired 165 unsold condominiums at 1 Square Phillips in downtown Montreal for $65 million, converting them to rental housing. The bulk purchase works out to roughly $394,000 per suite, compared with an average municipal assessment of approximately $503,000 per unit. The condos were acquired from developer Brivia Group, which completed the first …
An approved condominium development near Toronto’s Islington subway station is being reworked as a substantially larger purpose-built rental project. North Edge Properties and its partners have taken over the development at 35 Mabelle Ave., where Tribute Communities had previously advanced plans for a 49-storey, 580-unit condominium tower. The new ownership group is now proposing a …
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