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3 high-powered CRE execs join VIDA as it begins $300M equity raise
3 top CRE execs join VIDA as it begins $300M equity raise
In an effort to further its mission to purchase more affordable housing units, VIDA has added some respected real estate veterans to its roster - Donald Clow of H&R REIT, Paul Finkbeiner of FAMC and Adam Jagelewski of TwinRiver Capital.
Hines, Trez JV sells $1.15B U.S. communities portfolio
Vancouver-based Trez Capital is part of a joint venture involving global real estate developer and investor Hines, which has sold a massive portfolio of 11 master-planned communities under development in Texas to Starwood Capital Group for $1.15 billion.
Why are Canada’s telecoms selling core infrastructure?
Canada’s largest three telecoms long maintained it was crucial to own their own infrastructure, even as their global peers sold off their cellphone towers for fortunes. Now, the carriers are sizing-up those assets for sale. What changed?
McKesson injects $150M into distribution centre
Pharmaceutical giant McKesson Canada is investing $150 million in a distribution centre, already under construction, which will open in spring 2026 in an energy-efficient neighbourhood in Montreal East. At 400,000 square feet, the pharmaceutical distributor will double its space.
Padlock funds to merge, form new fund with $375M portfolio
Padlock Euro Storage Fund I and Padlock Partners UK Fund IV will consolidate assets to form Padlock Euro Storage Fund. The merged fund's portfolio will be comprised of 25 U.K. properties, appraised at approximately C$375M.
Stantec acquires Irish engineering consultancy Ryan Hanley
Irish engineering and environmental consultancy firm Ryan Hanley has been acquired by Edmonton-based Stantec (STN-T). The company will be integrated into Stantec, allowing its interdisciplinary teams to reach new markets, while drawing from Stantec’s global footprint and resources.
 | NORR Navigating the housing crisisThe escalating housing crisis demands radical thinking that challenges traditional paradigms. Learn how progressive funding models, developer incentives and policy changes are working to provide viable housing solutions. Sponsored by: NORR |
Smartrend project rolls on despite uncertain climate
Sod was turned at a new manufacturing plant this week in Winnipeg, bucking a widespread trend of “wait and see” among the private sector. The 140,000-square-foot facility for Smartrend Manufacturing Group is expected to be finished by October 2026.
‘Buy Canadian’ movement could add $10B to economy: BMO
“Buy Canadian” isn’t just about patriotism — the movement borne of U.S. President Trump’s tariffs could have a powerful effect on the local economy, according to a BMO analysis. The consumer-led initiative could add roughly $10 billion to the economy.
Grocery store near Calgary will sprawl almost 100,000 sq. ft.
A huge grocery store is set to open next year outside of Calgary, spanning just under 100,000 square feet. As part of a partnership between Taza Development and Loblaw, a Real Canadian Superstore will be built in Tsuut’ina Nation.
St. Lawrence North Market holds first farmers' market
The multi-use, five-storey building on the northwest corner of Front Street East and Jarvis Street, across from the main market, has been a long time coming. The $128-million building opened Saturday for its first farmers’ market.
Interest in vertical farms grows with Buy Canadian demand
While U.S. tariffs threaten much of the Canadian economy, business is booming for an Ottawa-based startup that builds indoor farming units for made-in-Canada produce – also known as vertical farms.
Polygon’s Ridgewood defies slow housing market
Lines formed at dawn for the first release of Polygon Homes’ Ridgewood community in Coquitlam, B.C., a testament to its strong appeal on value and that buyers are returning despite economic uncertainty says company president Neil Chrystal.
Translink plans 9 towers, 3,400 homes for Coquitlam
TransLink has massive transit-oriented development plans for its surface park-and-ride lot and bus exchange adjacent to Coquitlam Central Station. The plan includes eight residential towers with 3,400 units and one mixed-use tower with a hotel and office space.
N.S. seeks to build 600 homes on Dartmouth's Shannon Park
The Nova Scotia government is wading into the redevelopment of Shannon Park in Dartmouth, confirming to CBC News it is purchasing land for affordable housing at the former military site that has been largely vacant since 2017.
Saskatoon may delay arena project amid tariff uncertainty
Saskatoon wants to slow down development of its billion dollar downtown arena project. A report recommends delaying the approval of an agreement with the private partner selected to operate the new downtown arena, the central piece of its revitalization plan.
What Trump’s tariffs could mean for CRE
The scope and scale of the tariffs announced last week came as a surprise to many. With the far-reaching measures unveiled by President Donald Trump, the U.S. will have the highest effective tariff rate in more than a century
Canadians are getting rid of their Florida homes at an inopportune time
In the past two months, some Florida realtors say they’ve been inundated with Canadian sellers who are hoping to offload their properties as quickly as possible. The timing is hardly ideal with a glut of properties on the market.
Banks are purging bad CRE debt from the good old days
Two years after the failures of Silicon Valley Bank and Signature Bank touched off waves of panic over the concentration of CRE loans held by regional banks, financial institutions are making a dent in their balance of bad debt.
Jeep maker Stellantis offers to help suppliers pay tariff costs
Jeep owner Stellantis is willing to help its suppliers pay tariff costs to withstand the initial shock of U.S. President Donald Trump’s trade war. The automaker has outlined a program in which suppliers would apply for help from the company.
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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