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The top CRE transactions of 2025 in Greater Vancouver and B.C.

4 days ago

Top CRE transactions of 2025 in Greater Vancouver and B.C.

Commercial property buyers were willing to spend big in British Columbia last year, but most wanted serious cash flow to come with their investments. Thus, these types of properties dominated the region's top transactions in 2025.

Mondev, Foxmar buy Montreal office building

Mondev and Foxmar Immobilier have acquired a loft-style office building and development land in the Montreal technology hub of Mile-Ex from Spear Street Capital for $10.5 million.

A look at 9 significant projects underway in Winnipeg this year

In 2025, Winnipeg reopened Portage and Main, after milling down the barricades that prevented pedestrians from crossing the famous intersection for decades. While there is no similarly emotional opening planned, here are nine significant projects slated for 2026...

Lululemon's CEO pick may impact Vancouver office sector

Jane Nielsen is touted by some as the frontrunner to become Lululemon Athletica's next CEO. According to one analyst, she has a track record of consolidating office space. Lululemon is readying to significantly expand its Vancouver real estate footprint.

Telus begins construction on rental housing in Vancouver

Construction is now underway on a lowrise, mixed-use residential and commercial building in Vancouver’s West Point Grey Village, spearheaded by Telus. The telecommunications giant owns 2608 Tolmie St., which was formerly occupied by a critical telecommunications exchange facility.

$150M student housing tower approved for Vancouver

Supported by the provincial government’s transit-oriented development policies, Vancouver City Council has unanimously and swiftly approved a project to build a 25-storey tower with 100 per cent student housing uses immediately north of SkyTrain’s Langara-49th Avenue Station.

Peakhill Capital launches REIT to drive long-term impact in multifamily investing

Peakhill Capital is pleased to announce the launch of Peakhill Opportunity REIT, a new real estate investment trust focused on acquiring and managing income-generating apartment assets across the Greater Toronto Area and surrounding regions. 

Sponsored by: Peakhill Opportunity REIT

CityFlats selects KEILTY as property manager for The Grove

CityFlats Asset Management has announced the appointment of KEILTY Realty Management Inc. as its exclusive property management partner for The Grove, a new purpose-built rental community located in Kingston's west end.

Hole left by Hudson's Bay's demise will be hard to fill

Landlords trying to fill the large spaces left vacant by Hudson’s Bay’s exit must walk “a very fine line” as they move beyond the traditional single-tenant model and look for different ways to maximize their returns, says one architect.

New Walmart coming to southwest London in 2028

London will get a new Walmart in 2028 at Wonderland Road South and Wharncliffe Road South. Walmart Canada confirmed the news, saying it is opening a 140,000-square-foot Walmart Supercentre.

Recipe outlines next phase of Olive Garden expansion

Recipe Restaurant Group International says it will open its first new Olive Garden restaurants under its control in Ontario this summer, marking the next phase of the brand’s expansion after acquiring the existing locations in Western Canada.

Childhood friends aim to expand Dooly's chain

A new chapter begins for Dooly's Québec, which is passing into the hands of two local entrepreneurs already well established in the market, a condition dear to businessman André Blais.

QuadReal evolves Bayview Village South Block

Plans have been submitted for the South Village phase of Bayview Village, advancing QuadReal Property Group’s broader vision to transform the long-established shopping centre at Bayview Avenue and Sheppard Avenue East into a complete, mixed-use community.

Feds cut $10M from Toronto housing fund over sixplexes

City council’s refusal to legalize sixplexes across Toronto has cost millions of dollars in federal housing funding. In a letter to Mayor Olivia Chow on Friday, Housing and Infrastructure Minister Gregor Robertson said Toronto had “fallen short” on its commitment.

Nation-building efforts expected to spur M&A this year: KPMG

Dealmaking activity is expected to pick up this year, driven by nation-building efforts and a stronger business outlook, according to KPMG Canada. Thirty-three per cent of business leaders polled indicated plans to make a major acquisition within 18 months.

The tectonic shift of long-term higher interest rates

OPINION: The days when government, business and households could coast on dirt-cheap borrowing are over. Canada is now navigating a world of higher rates, one that requires a swift course correction to avoid future turbulence.

Judge approves controversial sale of 5,200 NYC apartments

The heavily scrutinized bankruptcy sale of a massive portfolio of troubled New York City apartment buildings was approved Friday by a bankruptcy judge, following a hearing that ran from morning to evening the day before.

Soho House finds new backing, go private deal back on the table

The US$2.7B deal to take Soho House private looked poised to collapse last week, after lead equity partner MCR Hotels said it couldn’t put up the US$200M closing commitment it had previously pledged. 

Vornado to land $525M refi for Manhattan office building

Vornado Realty Trust is set to obtain US$525 million in refinancing for One Park Avenue, according to a KBRA rating. Wells Fargo, Morgan Stanley Bank, Goldman Sachs and PNC Bank will originate the note next month.

SRT boom offers lifeline to banks shedding risky CRE debt

Investors in the white-hot significant risk transfer market are increasingly willing to provide hedging to European banks saddled with over US$232.5 billion of deteriorating commercial property loans, but at a hefty price.

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