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Toronto / GTA

Parkit sells $96.5M industrial portfolio; acquires 10% stake in PROREIT

Don Wilcox Commercial Transactions Winnipeg May. 13 2025

Parkit Enterprises (PKT-T) is acquiring an almost 10 per cent investment in PROREIT (PRV-UN-T) as part of its compensation for the sale of six Winnipeg industrial buildings to the industrial real estate owner and operator.

 

Evaluating apartment building sales in Canada’s 3 largest markets

Steve McLean Residential Apartments Greater Montreal May. 9 2025

Slow pre-construction condominium sales have plagued Canada’s multiresidential market, but rental housing has become an increasingly popular alternative leading to increased transaction volume in apartment buildings. That is being borne out in Canada's three largest cities, Toronto, Montreal and Vancouver.

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