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FTG to sell Symbio, its new Montreal apartment tower
FTG to sell Symbio, its new Montreal apartment tower
A 28-storey tower near Montreal that is touted as Canada’s first multifamily building with both LEED Silver and Zero-Carbon Building certifications will soon be on the market. Symbio, a 219-unit building, was completed last year by Développement FTG.
Groupe Mach in $3.5B plan to redevelop east Montreal site
Groupe Mach will be redeveloping a site, currently occupied by two shopping centres, into a massive 5.8 million-square-foot mixed-use project in east Montreal that is expected to cost $3.5 billion.
Primaris REIT gains control of five HBC locations
Primaris REIT (PMZ-UN-T) announced that five of its nine HBC leases did not received any bids and have been disclaimed. Primaris will assume full control of these sites — in Kingston, Orleans, Quebec City, Calgary and Medicine Hat — effective June 16.
Hudson’s Bay finds buyer for up to 28 store leases
A Chinese billionaire mall owner in British Columbia has won the bidding for up to 28 Hudson’s Bay store leases, the company announced. Weihong Liu, chairwoman of Central Walk, has agreed to acquire the leases through an affiliate company.
Is Tsawwassen Mills set for a makeover and expansion?
Highly preliminary conceptual artistic renderings for the future of Tsawwassen Mills shopping centre may offer a glimpse into what could be in store for former Hudson’s Bay Company properties under the prospective new ownership of B.C. billionaire Weihong Liu.
Strong cash flow, smart financing underpins Alberta mall sale
Henday Centre, a neighbourhood retail centre in Innisfail, Alberta, with 78,233 square feet of leaseable space, sold to real estate investor Brookstone Investment Corp. on March 31 for $11.25 million.
Designers tackle rare Passive House industrial building
Air tightness, temperature and visual distractions were critical issues to overcome when designing a highly specialized, Passive House-certified manufacturing facility being built to anchor an industrial park on Prince Edward Island.
Developers face massive reset in Vancouver land market
Some developers are stuck holding sites that no longer make economic sense to redevelop in current market conditions, claims Vancouver broker Mark Goodman. The market is being tested by a roughly 50 per cent drop in value since 2022.
Cancelled condo projects leave investors in the fallout
A total of 28 projects and 5,734 units in the GTA and Hamilton region were either cancelled, put on hold or placed in receivership, or converted to rentals since the start of 2024. Many pre-sale buyers worry for their deposits.
43-storey tower plan for Eglinton at future Caledonia Station
A proposal for the southwest corner of Eglinton Avenue West and Caledonia Road in Toronto’s Caledonia-Fairbank neighbourhood calls for a dramatic height increase for an intersection currently defined by low-rise development.
Brampton project hopes to double from 2 highrise towers to 4
Avalon Developments is looking to double its plans to build two 45- and 50-storey highrise towers in Brampton, with two additional skyscrapers and more than double the number of housing units.
Owner of four iconic Vancouver houses decides to sell
OPINION: Realtor Christian Chiappetta is marketing the houses for their proximity to the Broadway-City Hall subway station and the upcoming Mount Pleasant station. They fall within the city’s Broadway Plan policy, which allows two highrise towers per block
Algorithmic rent-setting under scrutiny
A proposed class-action lawsuit launched in December 2024 alleges that more than a dozen landlords conspired to artificially inflate rents using YieldStar software. The plaintiffs are seeking financial compensation for tenants who may have overpaid as far back as 2009.
The loophole that lets corporations own Ontario pharmacies
There are currently 46 active pre-1954 business charter companies, which own and operate a total of 954 pharmacies in the province of Ontario. The majority of those – 859 – are owned by just 11 companies.
Plastiques Gagnon expands with new plant in Lévis
Quebec company Plastiques Gagnon, founded in 1958, inaugurated its new plant in the Innoparc de Lévis last week. This achievement follows a $10-million investment that will help ensure its growth.
Greystone's $900M deal is latest in CRE-backed CLO issuance craze
Greystone has closed an over US$900M collateralized loan obligation (CLO) vehicle secured by 28 apartment properties in 16 states. It is the latest in a wave of CLO issuances as investors flock to the vehicle amid market volatility.
Douglas Elliman gets takeover bid amid fallout around former star agents
Douglas Elliman Inc., the real estate brokerage battling fallout from lawsuits involving a pair of former star agents, received a merger offer from Anywhere Real Estate that would value the business at about double its current share price.
Atlanta’s office sector slows down
Atlanta’s office sector ended the first quarter with a mixed bag for fundamentals. However, the market surpassed some of its Sun Belt peers, according to the latest CommercialEdge data. Meanwhile, conversions to multifamily are becoming increasingly popular.
Dublin office demand second-highest in Europe
Dublin’s office occupier demand over the past 12 months is the second-highest in Europe compared with the previous five-year average, behind only Czech capital Prague, according to a new report from Savills.
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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