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New CEO begins task of rebuilding Ravelin Properties REIT
New CEO begins task of rebuilding Ravelin Properties REIT
EXCLUSIVE: With a new name, new leadership, G2S2 Capital's acquisition of almost $600 million of its debt, and the office market showing signs of recovery, Ravelin Properties REIT (RPR-UN-T) CEO Shant Poladian is optimistic about the future.
Housing and health a successful strategy for Groupe Medway
Groupe Medway is taking its mixed-use concept that combines medical clinics and multifamily residential rental to new heights with its Complexe Medway Faro development in Lévis, Que. The company is spending $150 million to develop a 15-storey building.
Billionaire mall owner says she plans to bid on Hudson’s Bay
A British Columbia-based billionaire mall owner is planning to acquire beleaguered retailer Hudson’s Bay, according to a series of video posts on Chinese social media. Weihong Liu, chairwoman of Central Walk, posted she wants to "make The Bay great again."
Parkland, Simpson Oil propose duelling slates of directors
Facing a revolt from its largest shareholder, Parkland Corp. (PKI-T) is fighting back. Simpson Oil has nominated nine people to sit on Parkland’s 11-member board of directors. Parkland is urging shareholders to vote against all but three of those.
Global markets tumble as Trump tariff fallout expands
U.S. stocks are swinging Monday following a manic morning where indexes plunged, soared and then sank again as Wall Street tossed around a false rumour about President Donald Trump’s plans for his trade war.
Ontario pledges $11B in relief to tariff-hit businesses
Premier Doug Ford has unveiled $11 billion in tax deferment and rebate measures to offset damage caused by U.S. President Donald Trump’s trade war. Ontario will temporarily defer select provincially administered taxes for six months, from last Tuesday.
Business confidence plunges: BoC survey
The mood of Canadian businesses changed dramatically in the first quarter, according to the Bank of Canada survey. Most businesses no longer expect sales growth and are putting the brakes on investment and hiring plans.
Boardwalk closes $93M acquisition of Elbow 5 Eight
Boardwalk REIT (BEI-UN-T) has closed on its previously announced acquisition of Elbow 5 Eight, a 255-suite, wood frame community in central Calgary's Windsor Park. The purchase price of $93 million equates to approximately $365,000 per suite.
Kipling Group selects Calgary for western HQ
Kipling Group, one of Canada’s largest independent full-service property management companies, has chosen Calgary as its headquarters to serve Western Canada. Based in Toronto, it has offices in Kitchener-Waterloo and Edmonton but has opened an office in Calgary’s TD Square.
Disney opens ILM's largest studio at Vancouver's Stack tower
Earlier this year, ILM began operations in its 40,000-sq.-ft. space, which spans two levels within The Stack. The striking office tower in downtown Vancouver is the tallest 100 per cent office building in the city.
B.C. pays Jim Pattison $52M for Richmond property
The Government of British Columbia, through the Crown corporation known as the BC Transportation Financing Authority, has acquired a large industrial property in Richmond. The 10.373-acre property on Rice Mill Road was purchased from Jim Pattison-owned Ocean Fisheries.
Legal battle over former Shell site in Montreal
A major standoff is looming between Montreal East and the owner of the former Shell refinery site. The city is considering expropriating land the Laganière Group was about to sell. Dissatisfied, the company is turning to the courts.
Montreal is losing its attractiveness in housing construction
In Laval, a city of 452,000, the number of new housing units this year stands at 865, while in Montreal, with its 1.9 million inhabitants, there are 859 new housing units after two months in 2025.
Massive water park hopes to turn Mirabel into tourist hub
The Investissement Ray Junior project will feature more than 20 attractions, including slides, a lazy river, spas and a surfing wave pool. On top of the water park, the development will also include a convention centre and two hotels.
Why are Toronto's beloved corner stores fading away?
From 1989 to 2019, the number of convenience stores in parts of Toronto neighbourhood zones declined by 18 per cent, according to city data. (Citywide, that figure drops to two per cent.)
CDPQ-owned Verene Energia makes $1.2B acquisition
Verene Energia, a power transmission platform, and its owner Caisse de dépôt et placement du Québec, have agreed with Equatorial S. A. to acquire its power transmission business unit, Equatorial Transmissão S.A. The transaction value could reach $1.263 billion.
REITs’ hold up despite market turmoil: KPMG
Despite significant global economic challenges, real estate investment trusts have proven resilient, with many adjusting their strategies to navigate turbulent market conditions, according to KPMG’s latest analysis. The report sheds light on the broader challenges facing REITs globally.
Billionaire Bill Ackman calls Trump tariff launch a ‘mistake’
President Trump’s tariffs plan is a “mistake,” Pershing Square’s billionaire founder Bill Ackman said. “I strongly believe launching tariffs on April 9th against the entire world — massively in excess of what we are being charged — is a mistake,” Ackman wrote.
Forever 21 to close 200 more stores in second bankruptcy
The U.S.-based operator of Forever 21 is preparing to close at least 200 more locations as part of a bankruptcy process expected to kick off as soon as next month, while looking for a buyer for its remaining stores.
Lodging/resorts REITs: focus on high quality assets in prime locations
Lodging/resorts REITs specialize in the ownership of hospitality properties, including hotels, resorts and vacation rentals. These REITs generate revenue primarily by leasing their properties to hotel operators, who manage the day-to-day business of accommodating travellers.
Industry Events
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Edmonton Real Estate Forum
May 27 2025
Edmonton Convention Centre
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Land & Development
Jun 05 2025
Metro Toronto Convention Centre - North Building
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Southwestern Ontario Real Estate Forum
Jun 11 2025
to Jun 12 2025
RBC Place London, Ontario
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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