Results for: RioCan is in the process of selling Canadian apartment assets for $379 million as it accelerates the monetization of its RioCan Living portfolio and shifts capital toward its retail-focused strategy, the REIT announced in its quarterly earnings report. Toronto-based RioCan completed the previously announced sale of the Underwood Apartments in Calgary and reached. The REIT …
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Developers are praising the Metro Vancouver Regional District’s decision to reduce development-cost charges, The Globe and Mail reported. The organization serves as an umbrella organization for the region’s municipal governments and is responsible for approving significant projects. During an April special meeting, Metro Vancouver decided to roll back development charges to 2025 levels. The move …
Bath Depot has opened its 50th Canadian store with a new location in south Edmonton, marking a key milestone in the company’s national expansion efforts. Located at 3235 Calgary Trail N.W., the new store is the retailer’s second location in the Alberta capital and is designed to provide customers with products and guidance for home-renovation …
The average asking rent for all residential properties in Canada declined 4.7% year-over-year in April to $2,027, marking the 19th consecutive month of annual rent decreases, according to the latest National Rent Report from Rentals.ca and Urbanation. Average rents were down about $100 from a year earlier and 7.4% lower than two years ago, although …
Minto Apartment REIT has completed the sale of its 150 Roehampton property in Toronto’s Midtown areaa for $90.75 million to an unidentified private real estate investor. The sale price represents a premium to the REIT’s IFRS value for the asset, Minto said previously. Net proceeds of approximately $67 million, after mortgages and commissions, are expected …
Catherine Roome portrays herself as a storyteller rather than an incoming president and CEO intent on expanding her firm’s commercial real estate footprint and overall growth. Roome is preparing to take the reins of Vancouver-based Concert and build on the legacy established by her late predecessor Christine Bergeron, who died in February after battling brain …
Pinnacle International has revised plans for the first phase of the huge Pinnacle Lougheed mixed-use development in Burnaby, B.C., seeking to raise two proposed towers further into the sky. The updated proposal for the site beside the Lougheed Town Centre SkyTrain station would see one tower rise to 87 storeys from 80 storeys. Meanwhile, the …
Firm Capital Property Trust has completed the acquisition of one of 11 Prairie manufactured home communities that are part of an approximately $227-million proposed purchase. Firm announced that it has closed on the $8.5-million acquisition of a 50% stake in a 103-unit acquisition in Didsbury, Alta., and advanced the proposed purchases of the other 10 …
Canada’s hotel construction pipeline reached a record high in the first quarter, says a new report from Lodging Economics. A total of 331 projects comprising 45,401 rooms were proceeding on the path to construction at the end of Q1 2026, according to the hotel development-intelligence company. Early planning activity drove the surge, climbing to an …
The Abbatiello Group has acquired Quebec-based bar and restaurant chain Shaker Cuisine & Mixologie, adding 21 locations to its growing eateries portfolio. Founded in 2015 by restaurateurs from Quebec City, the Shaker chain had attracted interest from other prospective buyers; however, Abbatiello ultimately prevailed in acquiring the chain. “Our greatest pride in all of this …
BGO has acquired a 23-storey class-A office tower in Toronto’s Financial Core for an undisclosed price. The seller and purchase price was not disclosed, but Cadillac Fairview was known to be the previous owner, and Bloomberg reported the price as being $198 million, or $600 per square foot. Located at 95 Wellington Street, the property …
Apartment-condo sales in Metro Vancouver fell 10.7% year-over-year in April to 1,009 units, while the units’ benchmark price declined 7.9% to $703,000, says the regional real estate board. Overall residential sales registered on the MLS in Metro Vancouver totalled 2,110 in April 2026, down 2.5% from 2,163 sales in April 2025 and 22.9% below the …
Jean-François Bolduc has been appointed president of construction industry leader Groupe Colas Québec. Parent company Colas Canada announced the appointment in a news release. Bolduc brings more than 30 years of experience as a global engineering, consulting, environmental services and construction executive. He most recently served as president of Logistect Environmental Services and Sanexen Environmental …
French biopharmaceutical giant Sanofi is investing $294 million to expand its global AI Centre of Excellence in Toronto. The expansion will create 50 new high-skilled jobs in AI and machine learning, adding to more than 150 roles established since the centre launched in 2022, said the Paris-based company. The new positions will focus on designing …
The federal government is moving forward with plans to spin off the National Research Council’s Canadian Photonics Fabrication Centre in Ottawa into a commercially operated entity. Industry Minister Mélanie Joly said the initiative is aimed at strengthening Canada’s position in advanced manufacturing and next-generation technologies, particularly as demand grows for AI and data-centre capacity. Photonics …
Hammond Manufacturing has opened a new Western Canadian regional distribution centre in Calgary, marking an expansion of the company’s presence in the region. The 55,000-square-foot facility represents a significant investment aimed at improving service, product availability and lead times across Western Canada, said company. Located 5353 72nd Ave. S.E., the centre will serve as the …
Canadian Apartment Properties REIT (CAPREIT) has closed on its take-private acquisition of European Residential REIT (ERES.) Toronto-based CAPREIT acquired all outstanding units of ERES that it did not already own in an all-cash transaction, valuing the trust at approximately $441 million, including debt. ERES, also based in Toronto, invested in European multi-family rental properties. CAPREIT …
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