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By Burnac kicks off construction at luxury Toronto condo tower

1 week ago

By Burnac kicks off construction at luxury Toronto condo

Construction has begun for The Bedford, By Burnac's high-end 13-storey condominium at 287 Davenport Rd. in Toronto's Yorkville-Annex neighbourhood. The family-owned developer is known for a series of such developments in midtown neighbourhoods.

Armoyan's Montreal office-to-res project a 'worthy' redev.

It may not be a big breadwinner, but the most prominent office-to-residential conversion in downtown Montreal was worth the investment, says George Armoyan Jr., developer of the 211-unit Le Samuel.

Federal gov't deal on First Nation property title raises alarm

The federal government has reached three agreements with the Musqueam First Nation acknowledging Aboriginal title within a territory that encompasses the western half of the densely populated Lower Mainland, which incorporates the nation’s stewardship over land and resources.

Oben Group evolves into multi-platform real estate firm

Over the past decade, Oben Group has grown from a purpose-built rental-focused operator into a vertically integrated real estate company with in-house construction and property management. Oben Flats has matured into a broader real estate organization with multiple operating verticals.

Toronto countersues St. Lawrence Market contractors

After Toronto was hit with an $83-million lawsuit from two companies which worked on the St. Lawrence Market North Building, the city is countersueing. The contractors were awarded a $92-million contract for the project in 2019.

Geothermal partnerships are reshaping development

A decade ago, geothermal was a bold choice. Early adopters like Camrost Felcorp, Shiplake Properties, and Windmill Developments took the risk — integrating geothermal heating and cooling infrastructure into new-build projects when the industry was still watching from the sidelines.

Eddie Bauer store leases marketed in Canada

RCS Real Estate Advisors has been retained to market a portfolio that includes 150 locations in 40 U.S. states and 24 locations across six Canadian provinces operated by Eddie Bauer as part of the retailer’s ongoing Chapter 11 bankruptcy proceedings. 

Alberta investment intentions outpace rest of the West

Statistics Canada data points to renewed capital investment in Alberta following three years of slower growth. Capital expenditures in Alberta are set to rise six per cent to $80.6 billion in 2026, the strongest increase since 2022.

Massive Calgary theatre site hits milestone

Calgary’s art scene is getting one step closer to a major upgrade as crews begin construction on the 1,000-seat Osten-Victor Playhouse, part of the 170,000 sq. ft. Werklund Centre Transformation that will add two new downtown theatres.

B.C. sidelines housing projects, tells cities to keep up pace

Two Saanich councillors have a pointed question for the B.C. government: If the province can “repace” and sideline its housing plans, why is it still holding municipalities to targets designed for a market that no longer exists?

Hackathon winner to support Stelumar's modular housing

The winner of a competition hosted by Stelumar Advanced Manufacturing Inc. could provide a scalable, sustainable technology the Toronto-based modular homebuilder needs for its upcoming factory in Ontario. Stelumar hosted seven companies which had developed insulation for wood-framed volumetric construction. 

Surrey 2050 plans reveals population to outpace Vancouver

The City of Surrey has released a draft plan to support projections it will have one million residents by 2050, making it B.C.’s most-populated city. The plan describes Surrey's goals for infrastructure, housing, jobs, transportation, schools and more.

OLT approves warehouse development plan on marsh

The Ontario Land Tribunal (OLT) signed off last week on a compromise proposal reached between the developer and Hamilton’s council after years of wrangling over the fate of the Garner Marsh and a proposed warehouse development.

Communities react to route for high-speed train line

The federal government has backed plans to build a train service capable of travelling 300 km/h in a 1,000-kilometre corridor linking Toronto and Quebec City, that could lead to the most expropriations of any project in Canadian history.

Churchill to collaborate with massive Belgian port operator

The operator of the Port of Churchill has signed an agreement with the Port of Antwerp-Bruges, one of the world’s largest cargo-shipping facilities, to collaborate on design, business development and trade as the Manitoba site plans a multi-billion dollar expansion.

Q4 2025 financial results

First National Financial, (FN-PR-A-T), PR Newswire
InterRent REIT (IIP-UN-T), PR Newswire
Plaza Retail REIT (PLZ.UN-T), PR Newswire

Private market titans warn of pain as credit cracks widen

Leaders of Wall Street’s biggest private markets firms had a surprising message: investors have reason to be concerned. From Blue Owl Capital Inc. to Blackstone Inc., private credit funds across the industry are facing a wave of withdrawals.

BAM announces $1B commercial paper program

Brookfield Asset Management Ltd. (BAM) has established a commercial paper program on a private placement basis. Under the program, Brookfield may issue unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $1 billion.

New $2.2B Bills stadium continues open-air tradition

The new home of the NFL Buffalo Bills, a $2.2-billion, 60,000-seat stadium across the street from the team’s current home, is entering the final stages of construction and will be ready for the 2026 season.

Iranian drone strikes damage Amazon data centres

Three Amazon cloud data centres in the United Arab Emirates and Bahrain were damaged in Iranian drone strikes — the first-ever disruption of this kind as Big Tech firms grow their digital infrastructure presence in the Middle East. 

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