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BST Canada acquires three Toronto apartment buildings for $144M

8 hours ago

BST Canada acquires 3 Toronto apt. buildings for $144M

BST Canada has acquired three Toronto purpose-built rental apartment buildings comprising almost 500 units for $143.8 million from LASH Group of Companies. The company launched a multifamily acquistion platform with two institutional investors earlier this year.

Western Canada sees mixed financing climate for CRE

The lending environment for commercial real estate in Western Canada is bifurcating, with some property types seeing more capital and others experiencing a reset or recession, experts told Western Investor.

Commonplace looks to disrupt with high-end prefab homes

The panelized homes of Vancouver-based Commonplace are designed to be rapidly assembled and sustainable, while also being a luxurious, quality offering that defies any stereotypes which suggest prefabrication creates cheap, flimsy housing.

Ontario’s housing growth needs infrastructure funding fix

GUEST SUBMISSION: Ontario’s housing debate rightly focuses on supply. Zoning, approvals, construction costs, interest rates and development charges all matter. But a less visible constraint matters just as much: how we pay for the infrastructure that makes new communities possible.

BTB REIT sells two Quebec office properties for $20M

BTB REIT (BTB-UN-T) has announced the sale of two office properties in Trois-Rivières, Que., totalling over 149,000 square feet. BTB said the properties were identified as potential dispositions as they are no longer aligned with the REIT's investment objectives. 

The payoff in converting old office buildings to residential

In 2021, Halifax’s 200,000-sq.-ft. Centennial Building was sold to Sidewalk, a Dartmouth developer that wanted to convert it into rental apartments. The first phase opened last year; the rest of the 173-unit project was completed this spring.

Protecting capital in Vancouver’s new TI landscape

TI allowances in Metro Vancouver have risen 124.9% since 2019. For Class A landlords, the question is no longer how much to commit, it's whether that capital is being deployed in a way that shortens downtime and closes tenants faster.

Sponsored by: Reotech Construction

Plaza Retail REIT special committee reviewing proposals

Plaza Retail REIT’s (PLZ-UN-T) special committee, formed to review Axia Real Assets LP’s $1.23B unsolicited, non-binding acquisition proposal, has received inbound interest across a range of potential transactions from other parties following the announcement of the Axia Proposal.

Sunterra in sales process after $35M cheque kiting ruling

Several businesses operating under the Sunterra banner are in the midst of a court-supervised sales and investment process, after a judge ruled that the company engaged in “cheque kiting” and is liable to American lender Compeer Financial for $35 million.

Scarborough council approves 10 developments

The third in UrbanToronto’s series covering Toronto City Council’s extra-large July planning docket turns east to Scarborough, where approvals range from major mixed-use communities and purpose-built rental housing to new long-term-care and community facilities.

Ottawa promises $2.7B for Toronto rental homes

The City of Toronto will see $2.7 billion in funding from the federal government to build 18 housing projects over the next three years, as the city’s construction market continues to suffer from a condo crash.

Altus sells Development Advisory Business to Newmark

Commercial real estate intelligence provider Altus Group has signed a definitive agreement to sell its Development Advisory business to an affiliate of New York-based Newmark Group, Inc. Financial terms of the sale were not disclosed.

$4.32B contract awarded for Ontario Line’s Pape Tunnel

Pape North Connect, a joint venture comprised of Webuild and FCC Canada Ltd., has been awarded a $4.32 billion contract for the Ontario Line Pape Tunnel and Underground Stations component of the megaproject.

U.S. office leasing posts strongest first half since 2019

U.S. office performance is on a heater to start 2026, bolstered by strong leasing activity, improved asking rent growth and an uptick in office investment volume. Underlying office fundamentals continue to improve.

Developer asks neighbours to buy into Minneapolis mall

A Chicago-based social enterprise company is purchasing the Hawthorn Crossings strip mall in north Minneapolis, promising it will build local wealth and support community development in one of the Twin Cities’ lowest-income and most diverse neighborhoods.

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