Results for: Prime Minister Mark Carney unveiled six more infrastructure projects Thursday that slated for fast-tracked approval. Ottawa has committed to invest $56 billion in the projects as part of Budget 2025. The investment is intended to offset the effects of U.S. tariffs and increased Canada-U.S. tensions. “Faced with uncertainty, Canada’s new government is making bold choices …
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The federal government has invested approximately $137 million in non-profit developer Options for Homes’ co-operative rental-housing project in Toronto’s Scarborough area. The Cedars South Tower is the first major non-profit co-op rental housing development to break ground in Toronto in more than 20 years. The investment comes through the Co-operative Housing Development Program, a $1.5-billion …
Demand for alternative real estate assets will be strong for the next two years. That was one of the messages Thursday as industry leaders gathered in Vancouver for the first-time Connect Alternative Real Estate investment conference. More investments are expected in unconventional sectors like student housing, seniors housing, self-store and, particularly, data centres. Jonathan Turnbull, …
Starlight Investments has completed a new build-to-rent project in Liverpool. Lighthaus, a 31-storey tower, comprises 278 units. The project is located in the Liverpool Waters regeneration area. The fully completed development will welcome its first residents later this month. Starlight, which continues to expand its U.K. portfolio, says Lighthaus marks a significant milestone for the …
The Boyd Group continues to show strong appetite for expansion even after agreeing to purchase 258 Joe Hudson’s collision centres south of the border for US$1.3 billion. Winnipeg-based Boyd said in its third-quarter report that it plans to open 13 new startup locations in the fourth quarter. The company also expects to open an additional …
Angela Sahi was appointed CEO of Morguard Corporation on Wednesday as she retained her president role. The move took effect immediately. Sahi had served as chief operating officer, as well as president, since spring 2024. Before then, she held the title of executive vice-president. Toronto-based Morguard announced that former CEO Rai Sahi has assumed the …
Federal Finance Minister François-Philippe Champagne kept mum Wednesday as Ottawa prepared to unveil the next wave of infrastructure developments that it wants the new Canada Major Projects Office to fast-track. Champagne touted the benefits of the proposed federal budget as he participated in a Greater Vancouver Board of Trade breakfast at the Fairmont Hotel Vancouver. …
The BC Retrofit Accelerator program has generated a massive response from building operators during its brief existence, SustainableBiz Canada reported. More than 700 buildings are getting support from the non-profit program’s complimentary service launched about a year ago, according to the report. The program is operated by the non-profit Zero Emissions Innovation Centre, which started …
CIMA+ has opened a new office in Bécancour, Que., further advancing the firm’s growth and strengthening its presence in Quebec. One of the largest private consulting engineering firms in Canada, CIMA+ now counts 17 offices across the province. The new location places the Quebec-based firm in one of the innovation hubs of the Energy Transition …
Dye & Durham has launched Tax Certificates Online (TCOL) for the City of Hamilton, introducing a faster, digital process for ordering property tax certificates. The new online portal replaces manual, paper-based requests with an automated system that gives legal and finance professionals instant access to property tax information. The change is designed to reduce administrative …
Five Corners Properties is preparing to submit a development application for the first phase of a major mixed-use residential project in Bible Hill, N.S., according to a CBC report. Jim Lorraine, president of Five Corners Properties, told CBC the local company will soon seek a development agreement with the Municipality of Colchester. Bible Hill, a …
Calgary’s retail market is poised for a strong finish to 2025 as tenant demand remains quite strong, says a Barclay Street Real Estate report. Total occupancy climbed 20 basis points quarter-over-quarter to 96.2% in the third quarter, while record low vacancy (3.7%) was virtually unchanged. Meanwhile, overall availability declined 90 bps year-over-year 3.8%, while falling …
The hard-hit Greater Montreal office leasing market is continuing to gain momentum, says a new report from Avison Young. The market has displayed steady signs of recovery for the past two years after being hammered during the COVID-19 pandemic. Having prevailed since since 2022, the hybrid work model appears to be losing ground to the …
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