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Elite buys two Alberta apartment buildings from Boardwalk REIT

3 days ago

Elite buys two Alberta apartment buildings from Boardwalk

Elite Real Estate Group has acquired two Edmonton apartment buildings from Boardwalk REIT (BEI-UN-T) in a $37-million, off-market deal. Tower Hill and The Palisades are two concrete highrise rental buildings with a combined 176 units.

Cost the No. 1 factor in student housing choices: Studenthaus

A new survey of 6,039 domestic and international students from 20 universities in 16 cities across Canada should give developers and other housing providers valuable insights into what their potential tenants are looking for.

Medway to undertake $400M project in Quebec City

A 28-storey building will be built on Laurier Boulevard starting in 2027, a $400M project that will house medical facilities and housing. The Medway Group recently obtained its building permit from the City of Quebec for the property.

Major redevelopments set to be considered in Vancouver

With the civic election slated for October, the forthcoming months leading into the summer break and campaign period are expected to be exceptionally busy for Vancouver City Council, as a wave of development proposals advances to public hearings.

Les Ailes de la Mode to take over two former HBC locations

Recent court filings in Quebec say Les Ailes de la Mode will take over ex-HBC stores in the Montreal and Quebec City areas and is targeting openings in the first half of this year.

Bfly invests $12 million to open two amusement centres

Quebec-based company Bfly is investing over $12 million in the opening of two amusement centres in Quebec, one of which will open next June in Quebec City and will serve as a commercial showcase to support its international expansion.

The new baseline: The forces shaping CRE in 2026

Entering 2026, commercial real estate across Canada and the United States is no longer defined by the rapid repricing that characterized the past several years. Instead, the market is shifting into a more deliberate recalibration.

Sponsored by: Trez Capital

Ssense lenders attempt to block founder buyout

A BMO-led group of lenders to Montreal fashion retailer Ssense has asked Quebec’s Superior Court to dismiss the founders’ bid to buyout the company, arguing that liquidation is a safer path to recover the millions in debt owed to lenders.

Against opposition, 48-storey Cabbagetown dev. approved

A Toronto city council committee has approved a plan to transform a heritage church into a 48-storey development — a proposal that one supporter says sets a new standard for how faith institutions redevelop underused land amid the housing crisis.

Moncton approves plan for new high-density neighbourhood

It may take 10 to 15 years to build, but Moncton city council has approved a master plan that promises to make room for about 9,000 people in a new neighbourhood called Station Yards.

Saskatoon navigates shift from condos to apartment builds

While several high-profile condo projects remain stalled or uncertain, apartment buildings are rising in Saskatoon, including the twin towers that comprise Saskatchewan’s largest residential project in City Park just north of downtown.

Storey count more than doubles in Forest Hill Village plan

An application from Equinox Properties to redevelop a site on Spadina Road in Toronto’s Forest Hill Village now calls for a 14-storey mixed-use condominium. This is a sharp increase from the six-storey plan that previously received approval in principle.

8-storey, 153-room hotel proposed in downtown Brampton

Brampton is reviewing a proposal to build an eight-storey hotel with 153 rooms downtown. An application was submitted by Gagnon Walker Domes Ltd. on behalf of 1986096 Ontario Inc. for official plan and zoning bylaw amendments to permit the development.

Exempt ski towns from foreign buyer ban: BCREA

Real estate associations in British Columbia are pressing the federal government to exempt several major ski resort communities from Canada’s foreign buyer restrictions, citing ongoing economic challenges in tourism-dependent areas.

Developers embrace the big advantages to building small

The CEO of Strand Development, Mike Mackay, has built concrete buildings and has more in the pipeline, but he favours six-storey wood-frame projects. The kind of housing that his friends, relatives and other Vancouver residents seem to prefer living in.

A look at Canadian data centres and water consumption

Artificial intelligence (AI) data centres are rapidly transforming the North American landscape, appearing swiftly and unexpectedly across Canada. The central issue centres on water usage, as some AI data centres can consume millions of litres of potable water daily.

Starlight celebrates topping out 60-storey Manchester tower

Starlight Investments has announced the topping out of Trinity Heights, a 60-storey build-to-rent tower set to become a defining feature of Manchester's skyline. The project will deliver 532 rental suites to the U.K. city's growing rental market.

Heitman gathers $2.6 billion for property dislocation bets

Real estate investment firm Heitman raised about US$2.6 billion to take advantage of opportunities arising from the dislocation in property markets, closing its biggest-ever closed-end fund, Heitman Value Partners Fund VI.

DFW overtakes DC in North American tech hub index

Dallas-Fort Worth-Arlington, Tex. has steadily attracted people and companies (see the recent spate of financial services and stock exchanges activity otherwise known as “Y’all Street”) while also steadily building out the infrastructure to support them.

LaSalle: Why 2026 feels like ‘Groundhog Day’ for CRE investing

CRE investment going into 2026 feels like the start of a new cycle, with distinct causes for both optimism and concern. If these sentiments sound similar to those held at the start of 2025, it’s because they are.

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