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Land values, development and distress in an uncertain economy
Land values, dev. and distress in an uncertain economy
The first panel discussion of the June 5 Land & Development conference in Toronto appropriately dealt with how land values have shifted and the potential for developing residential sites given today’s market and economic conditions.
Construction begins at towering Burnaby Brentwood Block
Grosvenor has started construction of Brentwood Block, a master-planned 7.9-acre, pedestrian-focused development in Burnaby. The initial phase includes a 41-storey residential strata tower, two rental towers, a community centre and commercial space
The unflappable calm of Bruce Flatt
It was last fall that Brookfield chief executive officer Bruce Flatt sounded ready to pounce, signalling a turning point for investors. That carefully laid table has been flipped over by the U.S. crusade to use tariffs to reorder global trade.
Record number of homes in Toronto's ‘development pipeline’
Between the start of 2020 and the end of 2024, Toronto received proposals to build about 855,000 residential units — representing its largest “development pipeline” to date. If all units were completed, they could accommodate an additional 1.04 million people.
Tarion suing Ontario developer to recoup payouts
In two separate lawsuits filed in February, Tarion seeks at least $87 million in damages the agency says it has suffered in compensating over 900 StateView Homes purchasers millions of dollars for homes that were never built.
Alberta grid power cap could thwart AI data-centre plan
Alberta’s grid operator is putting an interim limit on the amount of electricity it will provide to new data centres after a massive surge in requests from developers. This could thwart the province's ambition to advance energy-hungry infrastructure projects.
Vancouver axes public hearings for some developments
Vancouver council approved its new Development Approval Procedure (DAP) By-law this week — effectively eliminating public hearings for many projects — because it was required to do so by the province.
RealServus acquires London-based StreetCity Realty
Toronto-based proptech firm and real estate investment platform RealServus has acquired London-based StreetCity Realty, a move aimed at expanding RealServus' reach in Ontario and supporting the company's national growth strategy.
The Evergreen condo to connect to historic Ottawa church
A historic church in Ottawa’s Sandy Hill neighbourhood that now serves as a community hub will soon be linked to The Evergreen, a nine-storey, 121-unit condo development by local builder Windmill Development Group.
10-storey hotel proposal for Niagara area under review
The owner of Staybridge Suites and Holiday Inn Express hotels in Glendale, Niagara York Road Inc., is proposing to build a 10-storey, 207-suite hotel and two restaurants on the same property.
Vancouver's first mass timber hotel near Granville Island
The City of Vancouver has received a rezoning application for a new hotel near Granville Island that would have the distinction as both the first mass timber hotel in Vancouver and the tallest mass timber hotel in North America.
Due to tariffs, Quebec companies begin moving to the U.S.
Tariffs on steel and aluminum were raised from 25 per cent to 50 per cent. This new pressure has some producers and processors moving their factories south of the border, according to the Quebec Federation of Chambers of Commerce.
33 storeys proposed near Scarborough GO station
Achille Developments has submitted a 33-storey proposal at 614 Danforth Rd., located just west of the Scarborough Junction Masterplan proposal which has set a precedent for height and density in the area.
‘Shadow inventory’ could grow in Metro Vancouver
“Shadow inventory" held by developers and not listed on MLS is expected to grow in Metro Vancouver because of a slow market and scuppered sales, says one realtor. Recent data shows it represents about 84 per cent of unsold units.
B.C. Rental Protection Fund acquires 220 apartments
B.C.'s Rental Protection Fund has acquired seven rental properties, securing 220 affordable homes across the province from Fort St. John to Vancouver. The acquisitions represent a major milestone for the fund, including its first acquisitions in northern B.C.
Unconventional developers getting into housing game
Among the most interesting new ventures in real estate are the ones where organizations that don’t usually do development are wading in. Vancouver Community College has a bold plan to build up to 4,000 apartments on its East Broadway site.
BGO raises $5.1B for Asia value-add real estate strategy
BGO announced the BentallGreenOak Asia IV, its flagship Asia-focused value-add real estate strategy, raising over US$5.1 billion in capital commitments for the fund and co-investment sidecars. This is the largest closed-end capital raise in BGO’s history.
Amazon launches $10B cloud and AI campus
Amazon is planning to invest US$10 billion in a new cloud computing and artificial intelligence innovation campus just east of Charlotte. The site is in Richmond County, in south-central North Carolina.
CP Group acquires 2.2M sq. ft. Piedmont Center in Atlanta
CP Group, an owner-operator of office properties across the Sunbelt, announced an all-cash acquisition of Piedmont Center — a 2.2 million-square-foot, 14-building office campus in Atlanta’s Buckhead business district.
Specialized demand: Industrial’s next chapter
Industrial real estate has long been a reliable asset class, driven by the constancy of logistics, the rise of e-commerce and the appeal of straightforward operations. However, today’s market tells a more nuanced story.
Industry Events
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Southwestern Ontario Real Estate Forum
Jun 11 2025
to Jun 12 2025
RBC Place London, Ontario
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Montréal Real Estate Forum
Jun 17 2025
to Jun 18 2025
Palais des congrès de Montréal
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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