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CAPREIT continues portfolio upgrades with $296.4M in transactions
CAPREIT upgrades portfolio with $296.4M in transactions
It has been a busy Q3 for Canadian Apartment Properties REIT (CAR-UN-T). The trust has transacted on $214 million in acquisitions and $82.4 million in divestments as it continues upgrading and modernizing its apartment portfolio in Canada.
Kejja acquires Montreal's twin-tower Port de Mer for $98.5M
Kejja Group has spent $98.5 million to buy Port de Mer, a two-tower, 386-unit multifamily property in Longueuil on Montreal’s South Shore that was previously owned by Hazelview Properties.
Mehan advances major Scarborough development plan
Mehan Group and its affiliated companies have assembled a portfolio of Ontario properties valued at more than $200 million, and is preparing to launch its biggest development at 2655 Lawrence Ave. E. in the Toronto suburb of Scarborough.
Parking spots could be the next back-to-the-office battle
Canada’s parking industry is comprised of myriad contracts and subcontracts, covering office and residential towers, with no accurate centralized data tracking rates or occupancy. But those who work in the sector will all tell you demand is heating up.
Lender asks court to appoint receiver for B.C. office project
A Vancouver lender has petitioned the B.C. Supreme Court to appoint a receiver for a medical office project saying the borrower, a subsidiary of Keltic Canada Development Co. Ltd., defaulted on two mortgages totalling over $60 million.
Conestoga College buys Guelph property from Skyline
Conestoga College has picked up some major real estate on the edge of downtown Guelph. The college bought the property at 70 Fountain St. and 75 Farquhar St., from Skyline Apartment REIT. Financial details were not provided.
Apartment building sales plunge in Metro Vancouver
The rental apartment investment market receded in Metro Vancouver in the first half of 2025, with far lower transaction and dollar volumes, particularly in the suburbs, says a new report.
Toronto rent strikers reach agreement with landlord
About 100 households in East York have reached an agreement with landlord Starlight Investments, seemingly ending a lengthy public battle that saw a large group of working-class tenants withhold rent from Canada’s largest private landlord for two years.
OSFI plans changes to encourage business lending by banks
Canada’s banking regulator is working to change the way it treats some business loans. Commercial lending accounted for about 60 per cent of banks’ loan portfolios in 1982. It comprises about 25 per cent of current loan books.
New retail centre to serve growing community near Calgary
Anthem Properties and Harbour Equity have announced a partnership to build an open-air retail centre in Belmont, southwest Calgary. Construction commenced in August 2025 and is scheduled for completion in summer 2027.
Wave of self-storage supply anticipated in Western Canada
Notable deals and a sizable development pipeline indicate a robust self-storage market in Western Canada, where migration, density and business users are driving demand. Nearly four million square feet of new supply is expected in B.C. and Alberta by 2028.
Trouble in condoland isn't all bad news, says bank regulator
Canada’s top banking regulator says he is not concerned about the impact of a weakened urban condominium market on the country’s top lenders and that the trends might help ease Canada’s affordability crisis for young homebuyers.
Stop-work orders made as event venues pop up on B.C. farms
B.C.’s farmland commission has issued stop-work orders against five properties as it takes action against “purpose-built event centres” on farmland across Metro Vancouver and the Fraser Valley, with plans to investigate another 15 sites.
Western Fair casino's $50M overhaul nears completion
Match Eatery and Public House opened for business this week, the bar and restaurant at Cascade Casino at Western Fair in London, Ont., marking a critical period in the casino’s $50-million renovation and reopening.
$50M soundstage to be built near St. John's
Latitude 47, a company founded by Andrew Barnsley and fellow Son of a Critch producer Brandon Davis, announced plans to build a $50 million, 75,000-square-foot film and television soundstage just outside St. John’s.
Real estate podcasts
Mychal Ferreira, BMO: Fall market rate prediction, Vancouver Life RE
Michael Rudin, Rudin: Family legacy to future ready real estate, TEN
Max Steinman, Rentals.ca: What's happening in rental market, Canadian RE Investor
Manhattan property owners seek over $500 million for lots
The owners of adjacent lots on Manhattan’s Park Avenue are seeking a buyer for what could be a prime development opportunity in Midtown. The site, 405-415 Park Ave., is being marketed for sale for development or recapitalization.
Surprisingly strong August adds wind to NYC office developers' sails
The August doldrums passed the New York City office market by, with a historically busy end of summer keeping the city on pace for its busiest year of leasing since 2019.
Florida's Marco Island Resort owner eyes sale for nearly $1 billion
Barings, the US$456B asset management arm of insurer MassMutual, is exploring the sale of the JW Marriott Marco Island, a luxury resort on Florida’s Gulf Coast. It's a sign the hotel transactions market is perking up.
Amgen investing $600M in innovation centre at Thousand Oaks HQ
Biotech company Amgen has unveiled a plan to make a US$600M investment in building a science and innovation centre at its Thousand Oaks, Calif., headquarters. Specifics about the project's size weren't shared.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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RealREIT
Sep 10 2025
Metro Toronto Convention Centre
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Montréal du Futur
Sep 24 2025
to Sep 29 2025
World Trade Centre of Montreal
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