Canada
People & Companies News for Week Ending August 9, 2024
- Crombie REIT has appointed Kara Cameron as its new permanent CFO. Cameron had been serving as the New Glasgow, N.S.-based REIT’s interim CFO since Clinton Keay resigned in February to join Empire Company Limited as its senior vice-president of corporate finance. The move was a promotion, essentially, for Keay. Empire is the Crombie’s majority unitholder. Cameron, a chartered professional accountant, has been with Crombie since 2019. She previously served as vice-president of accounting and financial reporting, She was promoted after the REIT completed a comprehensive search process.
- As Connect reported earlier this week, Kevric Real Estate Corporation founder Richard Hylands has stepped away from leading the company’s day-to-day activities. He has assumed the role of board co-chair with long-time business partner François Desjeans serving as the other co-chair. Desjeans previously served as the Montreal-based firm’s executive vice-president and head of investments and asset management. Sébastien Hylands has been promoted to president from his former vice-president of development post..
- The Competition Bureau of Canada is inviting Canadians to provide comments on its preliminary enforcement approach to competitor property controls. Competitor property controls are restrictions on the use of commercial real estate. They can harm competition by making it difficult, or even impossible, for businesses to open new stores, the bureau says. The new approach follows recent changes to the Competition Act. Other changes will take effect in December 2024. The preliminary guidance is intended to help Canadians comply with the new law. The regulator is seeking feedback from tenants, lessors, and landowners, among others, who have experience with competitor property controls. The deadline for comments is October 7. You can comment via the Competition Bureau’s online feedback form.
- Kish Kapoor will step down as president of wealth management firm RF Capital on October 1. Kapoor is credited with leading the company’s transformation and implementing a new growth strategy. Operating under the Richardson Wealth brand, RF Capital has $37.1 billion of assets under administration, including real estate. Kapoor will continue to serve on the RF Capital and Richardson Financial boards. Dave Kelly will be promoted to president and CEO from his CFO post. Kelly joined CF Capital in January 2024. His career spans more than 25 years of progressively senior roles in the financial services industry. Prior to joining RF Capital, he was head of Gluskin Sheff, a prominent independent Canadian advisory firm. Before then, he spent 14 years in wealth management at Toronto-Dominion Bank, culminating in the role of senior vice-president and head of private wealth management and financial planning. Meanwhile, Tim Wilson has resigned as RF Capital’s CFO to become the CFO for an unidentified privately-owned bank and trust company.
- QuadReal is hosting summer portrait sessions at its Oakridge Park development on Vancouver’s west side. Visitors can get their pictures taken from August 16-18 and September 1-2. The photograph sessions will benefit the BC Children’s Hospital Foundation. Oakridge Park is the new name for the former Oakridge shopping centre, which QuadReal and Westbank are redeveloping as part of a five-year project that includes an overhaul of the retail component and the construction of a number of multi-residential buildings. The project has sparked many new commercial real estate ventures, including multi-family developments, in the Oakridge neighbourhood.
- Warrior Plumbing, an award-winning Indigenous plumbing and gas fitting company, is recruiting additional talent, particularly members of Indigenous groups. Based in North Vancouver, B.C., Warrior has doubled revenue and expanded its team to 30 people in the past two years, the company said. The company’s current projects include residential developments such as: Seymour Village, a Tsleil-Waututh Nation and Aquilini project in North Vancouver; Kwasen Village, a new residential community in Burnaby led by the Musqueam Nation, Tsleil-Waututh Nation, and Aquilini Developments; and the TWN Health Homes Initiative for housing renovations at the Tsleil-Waututh Nation. Warrior also provides plumbing and gas-fitting services to homeowners in the
Greater Vancouver Area. People who are interested in working for Warrior can contact the company at www.warriorplumbing.ca.
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