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Prime redevelopment site for sale in downtown Kitchener

3 weeks ago

Prime redevelopment site for sale in downtown Kitchener

AirBoss of America Corp. is selling a prime 14.5-acre industrial site in downtown Kitchener, Ont. that offers significant redevelopment potential through high-density intensification.

Experts say HBC spaces could be too large to rent

The leases of Hudson’s Bay’s eight-floor flagship store in downtown Toronto and the beleaguered retailer’s more than 80 locations across Canada are up for grabs — but experts say finding other companies to take over the spaces will be challenging.

ERES sells $560M in assets, plans to wind up operations

CAPREIT (CAR-UN-T) and its majority-owned subsidiary European Residential REIT (ERE-UN-T) are selling of a portfolio of 1,446 apartments in the Netherlands for $522M, another $39M property, and intend to sell ERES’ remaining properties and wind up the trust.

Canada hits U.S. auto sector with reciprocal 25% tariffs

Canada has announced it will put 25 per cent retaliatory tariffs on U.S.-made vehicles in response to the Trump administration’s import taxes on foreign autos. The Canadian taxes mirror the structure of the previously announced U.S. auto tariffs.

Landowner compensation for constructive expropriation

When zoning laws make land unusable, is compensation owed? Discover how the Supreme Court of Canada’s decision in St. John’s (City) v Lynch clarifies constructive expropriation and what it means for property owners.

Sponsored by: Miller Thomson LLP

CMHC-insured multi-unit lending surges 75%

CMHC-insured loans for multi-unit rental housing have surged in recent years, driven by high interest rates and policies aimed at boosting rental supply. Their volume jumped nearly 75 per cent in the first nine months of 2024 compared to 2021.

Trinity acquires 170,000-sq.-ft. shopping centre in Toronto

Trinity Retail Fund II LP has announced the acquisition of Sheridan Plaza. Located at the intersection of Jane and Wilson in Toronto, the unenclosed shopping centre is anchored by Walmart and Food Basics.

GTA home sales drop 23% amid trade concerns: TRREB

Home sales in the Greater Toronto Area fell 23.1 per cent in March while more supply hit the market, helping bring down prices compared with a year ago. The Toronto Regional Real Estate Board says 5,011 homes were sold last month.

Nearly 3,100 new homes approved by Vancouver City Council

A total of 3,097 homes across nine separate projects were approved by Vancouver City Council in recent weeks, with a net gain of 2,939 homes — including several projects without any displacement of existing residents.

Coquitlam approves condo tower and midrise rental

Eight single-family homes on Westley Avenue, Gardena Drive and Kemsley Avenue about a half-kilometre from Burquitlam SkyTrain station are set to be replaced by a 35-storey condo tower and a six-storey rental building totalling 455 units.

Denciti plans 35-acre business park on Kelowna golf course

Vancouver-based Denciti Development has unveiled plans for a massive redevelopment of the 18-hole Kelowna Springs golf course. The proposal includes a nine-hole golf course, a 35-acre business park and a year-round 12-court pickleball complex.

Sunterra Quality Food Markets files for bankruptcy protection

Alberta-based Sunterra Quality Food Markets is facing bankruptcy, with over 200 creditors owed $18.9 million, and hopes to restructure. The company has five market locations in Calgary, two market locations in Edmonton and one location in Red Deer.

Dollarama raises dividend on Q4 profit, sales increases

Dollarama Inc. (DOL-T) raised its quarterly dividend by 15 per cent as it reported its fourth-quarter profit and sales rose compared with a year ago. The retailer says it will now pay a quarterly dividend of 10.58 cents per share.

$470M dam workers 'mini town' could be headed to landfill

A massive, 1,700-person work camp paid for by B.C. taxpayers could be headed to the local landfill by the end of the year. Opened in 2016, the camp includes a movie theatre, gymnasium, fitness centre, cafeteria and 21 three-story dorms.

Real estate podcasts

Liberal vs. Conservative housing policies, Canadian Real Estate Investor
Rob Kumer, KingSett: Why now is the time to invest in CRE, CRE Podcast
Julian Schonfeldt, CAPREIT: In defence of professional landlords, Angry Mortgage

U.S. foreign investment down, but not out

Historically, foreign investors have considered the U.S. a safe haven for CRE investment, but foreign investment took a dive in 2024, dropping more than 49 per cent year-over-year from nearly $36 billion in 2023 to $26.5 billion.

Is M&A activity back in commercial real estate?

After roughly four years of hibernation, CRE mergers and acquisitions are once again awakening. Among others, Blackstone completed its US$4 billion acquisition of Retail Opportunity Investments Corp., an owner of more than 90 West Coast grocery-anchored assets.

Lenders forcing landlords to swallow higher insurance coverage

Commercial real estate distress has been on the rise as property owners struggle to stay current with their loans. But the rising cost of insurance is adding a new threat for small landlords: having insurance coverage forced on them.

U.S. tech, retail stocks lead rout after tariff shock

The global stock market carnage that followed U.S. President Donald Trump’s sweeping new tariffs rippled through early trading in the United States, slamming a wide swath of key industries including retail and technology firms.

Industry Events