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Yorkton Equity acquires 3 Edmonton apartment buildings

1 day ago

Yorkton Equity acquires 3 Edmonton apartment buildings

Yorkton Equity Group (YEG-X) is investing $46 million to acquire The Crystallina apartment complex, a three-building “condominium quality” community in Edmonton which includes 184 apartments, ample parking as well as an amenity building.

'Food, fuel, fertilizer' drive Saskatchewan CRE markets

Saskatchewan’s commercial real estate market is heating up, driven by population growth, rising business investment and soaring demand for high-value resources like energy, potash, uranium and agricultural products.

A World Series commercial real estate showdown

The Blue Jays meet the Los Angeles Dodgers tonight in Game One of the World Series. The matchup also spotlights two of North America's largest, most valuable CRE markets. CoStar's analysts evaluated the two cities for this year's CRE title. 

Cameron Stephens expands role in housing development

Real estate investment manager Cameron Stephens is taking an expanded role in developing The Towns of Lambton Mills in Toronto, a townhome community which is now under construction and represents its first equity development investment.

Many mortgage upstarts have tried to take on the big banks

Canada’s six banking colossi — plus Desjardins — are mortgage leviathans. They control nearly four out of five home loans (78 per cent), according to Wowa Data Labs’ Hanif Bayat. If you exclude non-prime mortgages, their dominance is even more pronounced.

Citibank plans Canadian expansion as global trade shifts

Citibank’s Canadian unit is expanding its business in the country by hiring staff and onboarding more clients, as the U.S. lender seeks to capitalize Canada’s “once-in-a-generation opportunity” as global trade routes are redrawn.

Dream, Pomerleau create $70M office-to-residential JV

Dream Office REIT (D-UN-T) and Pomerleau Capital, the financial arm and investment fund manager of Pomerleau, will partner on a $70-million office-to-residential conversion project at 606 4 St. S.W., in downtown Calgary. 

Canadian hotels see continued growth in September

In September, Canada's hotel industry experienced another month of growth, marking the fifth consecutive month of increased performance. Newfoundland and Labrador led in occupancy growth, while Manitoba saw the highest gains in average daily rate and revenue per available room.

Vancouver developers find a way to build in a downturn

OPINION: Vancouver’s condo market appears dead, with thousands of completed units sitting unsold, and even large, established developers having to cancel projects because the pool of available buyers has dried up.

Vancouver to push on with its rental housing proposals

Three rezoning applications led by the City of Vancouver to develop mixed-use projects with secured purpose-built market rental housing will continue moving forward through the review process toward potential approval.

Lethbridge office space sees buyers top tenants

Office sales in the southern Alberta city of Lethbridge remain strong, as occupants opt to purchase rather than lease. Sales this year are set to match last year’s volume, which in turn were more than double those seen in 2023.

Construction investment rises in B.C. despite tariff turmoil

B.C.’s construction market gained ground in the second quarter of this year, even as tariffs continue to limit new project starts, according to a new report. Construction investment rose 6.7 per cent compared with the previous quarter.

FYihealth group hits 370 clinics across Canada

FYihealth group says it has achieved record growth in 2025, expanding to 370 locations nationwide across its portfolio of eye care brands. The Calgary-based healthcare organization operates under brands including FYidoctors, Visique, solis optics and BonLook.

This town wants to give away its 100-year-old convent

A 90,000-square-foot building outside of Regina is free for the taking for anyone who has a viable idea to fix it up and turn it into a sustainable development. 

CBRE earnings jump 34%, fuelled by data centre boom, deals

The world’s largest real estate brokerage has found its next growth engine in the cloud. Data centres will account for roughly 10 per cent of CBRE’s earnings this year, CEO Bob Sulentic said on the firm’s Q3 earnings call.

La Caisse reinvests in India despite problems

La Caisse continues to invest in India despite its misfortunes in recent years. The Competition Commission of India recently approved the Caisse's acquisition of a 40 per cent stake in two Singaporean companies with investments in India.

Can the ultrarich pay off multibillion-dollar bet on One Beverly Hills?

Built primarily for a thin slice of the global elite, a US$10B, 17.5-acre mixed-use project called One Beverly Hills is seen as an embodiment of the flight to luxury reshaping retail and hotel development. 

Is industrial CRE benefitting from tariffs and reshoring?

The industrial real estate sector has been closely watching tariff developments to evaluate how, if at all, new import taxes will drive U.S. manufacturing and reshape logistics. If manufacturers decide to reshore, where will they go? 

London’s rejuvenated Battersea Power Station put up for sale

The main Battersea Power Station building that houses Apple Inc.’s U.K. headquarters and an expansive shopping mall have been put up for sale. The Malaysian owners of the complex have appointed BNP Paribas to advise on a potential sale.

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