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BGO buys remaining stake in Toronto's Pivot, adds Victoria rental

4 days ago

BGO buys remaining stake in Pivot, adds Victoria rental

BGO has purchased RioCan REIT’s 50 per cent stake in the Pivot apartment building in North York to become its sole owner and also acquired The James, an apartment building in Victoria, B.C.

The rise of industrial condos in the GTA

GUEST SUBMISSION: A decade ago, an industrial condo sale in the GTA was a rarity – just 17 changed hands across the region in 2016, worth a combined $28.5 million. Last year, 374 sold for a combined $937 million.

Bloor Street's big changes: New stores, flagships and more

Toronto’s Bloor Street luxury corridor has changed dramatically over the past several years as international brands invested heavily in new flagships, expanded stores and elaborate façades between Yonge Street and Avenue Road. Another round of activity is now underway.

Morguard launches $145M fund to finance retrofits

Morguard Corp. (MRC-T) has launched a $145-million fund to finance energy-efficiency and decarbonization upgrades at approximately 30 multisuite residential and commercial properties across Canada, backed by a $100-million loan from the Canada Infrastructure Bank.

Canadian CRE investment hits four-year high

Canadian commercial real estate investment climbed to $16.2 billion in the second quarter of 2026, reaching its highest quarterly level since early 2022 as deal activity and major acquisitions boosted volumes, according to CBRE.

B.C. ends Major Projects Inventory, raising concerns

Industry leaders say the discontinuation of B.C.’s Major Projects Inventory, a database which tracks large construction and development projects, will make it more difficult for businesses to plan and forecast, while raising concerns about government transparency.

Stellantis says Roshel sale only option for Brampton plant

Stellantis Canada has informed employees that market and trade pressures have halted its plans to build new vehicles at its Brampton Assembly Plant, leaving a potential sale to defence contractor Roshel as the only option currently on the table.

U.S. investment signals Canadian self-storage’s rise

American institutional investors are making increasingly significant bets on Canadian self-storage, a shift that Montreal Mini-Storage co-founder and CEO Simon Berman says could reshape one of the country’s most fragmented commercial real estate sectors.

OCH acquires 503 homes from Minto for $159.2M

Ottawa Community Housing (OCH) has aquired 503 rental units from Minto, marking the largest acquisition of properties in the history of the organization. This brings 73 townhouse blocks and two apartment buildings into the OCH portfolio.

Seven-year-old, 11-storey B.C. apartment to be destroyed

A problem-plagued highrise in Langford, B.C., is set to be destroyed just seven years after opening. The 11-storey Ridgeview Place tower has sat empty since its latest evacuation in April 2023, when significant structural deficiencies had been identified.

Hazelton Hotel Canada’s only AAA 5 Diamond Hotel in 2026

A Toronto hotel was the only property in Canada to receive a prestigious distinction this year. Yorkville’s Hazelton Hotel earned the AAA Five Diamond designation, which was awarded to just two hotels in North America in 2026.

Real estate podcasts

British Columbia's CRE mid-year report card, VCREP
Real estate's most important trends, Canadian RE Investor
Corina Sajewski, VP, Fengate: Getting projects built in 2026, RE careers podcast

Niagara Falls getting Canada’s tallest Ferris wheel

The Niagara Parks Commission is abandoning a plan to build a controversial Ferris wheel close to the world-famous falls after a local company, HOCO Entertainment and Resorts, stepped up with a proposal to build a new $40-million structure.

Starlight loses Arizona apartments to foreclosure

Starlight U.S. Residential (Multi-Family) Investment LP (SURF-U-X) confirmed that foreclosure proceedings on its Ventura Apartments property in Arizona are complete. Ownership was transferred to a third party via public auction following a loan maturity default.

AI ‘slowing down anyway’ as builders can’t keep up: Flatt

Amidst calls that AI labs must slow the pace of the technology, Brookfield Chief Executive Officer Bruce Flatt said the artificial-intelligence race is already slowing because developers can’t build enough infrastructure to keep pace with what AI companies are demanding.

Blackstone looks to cash out some RE fund investors

Blackstone Inc. is attempting to facilitate a secondary sale for one of its major real estate funds, worth roughly $11 billion, after a period of high interest rates weighed on returns and led investors to seek redemptions.

Industry Events