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Allied agrees to sale of Toronto House-19 Duncan complex

2 days ago

Allied agrees to sale of Toronto House/19 Duncan complex

Allied Properties REIT (AP-UN-T) has agreed to sell its Toronto House complex as it continues efforts to strengthen its balance sheet. The office-focused REIT made the announcement in its Q3 financial results which were released Wednesday evening.

Edenshaw starts 30-storey rental tower in Mississauga

Edenshaw Developments has started construction on a 30-storey apartment building that is virtually on the doorstep of the Port Credit GO Station and its head office, a project joining the boom in purpose-built rentals.

Hyatt plans 10 Canadian hotel openings in 2027

Hyatt Hotels Corporation says it expects to open 10 hotels in Canada in 2027, marking the company’s largest annual expansion in the country as its portfolio continues to grow across multiple hotel brands and markets.

At least two corporate law firms hit by data breaches

At least two of Canada’s leading corporate law firms, McCarthy Tétrault LLP and Davies Ward Phillips & Vineberg LLP, are dealing with data breaches that have compromised thousands of files in total, including client information.

B.C. investors turn to retail plazas amid tight supply: report

The newly-released Re/Max Canada Fall 2026 Commercial Real Estate Report found that retail vacancy had fallen below three per cent in downtown Vancouver and less than one per cent in some suburban neighbourhoods.

Critics renew concern over Quebec data centre project

A U.S.-backed developer planning a 96-megawatt data centre project in Sherbrooke, Que., abruptly cancelled a public open house this week — prompting more criticism from skeptical residents demanding transparency.

Peakhill Capital launches Everest, a $750 million CMHC-insured multifamily construction lending program

Peakhill Capital announces Everest, a new capital pool dedicated to CMHC-insured multifamily construction lending across Canada. Everest is backed by a $750M initial institutional commitment and provides loans from $4M to $200M for purpose-built rental projects.

Sponsored by: Peakhill Capital

Sienna completes $170.7M Ottawa acquisition

Sienna Senior Living Inc. (SIA-T) announced today that it has completed its previously disclosed $170.7 million acquisition of Stonemont On the Park, a 305-suite retirement residence in Ottawa.

Dormant site of cancelled Edmonton highrise listed at $4M

The land for a now-cancelled highrise apartment building in Edmonton has been put up for sale after years spent in development limbo. The lot was listed at $4 million this week by commercial real estate company JLL.

Leasing of purpose-built rental in Metro Vancouver 'healthy'

The pace of rental leasing in the region stands in sharp contrast to the glut of completed, but empty and unsold, strata condos, say experts, who note that many builders have been shifting to purpose-built rentals.

Clifton Blake launches 'The Pacific' PBR in Toronto

Leasing is well under way for Clifton Blake's latest purpose-built residential rental property, The Pacific, located in Toronto's Junction neighbourhood. The development, situated on Dundas Street West, is an eight-storey, 120-unit boutique residence. 

Real estate podcasts

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Aecon’s Q3 profit jumps to $52.9M, up from $40M last year

Aecon Group Inc. reported a profit attributable to shareholders of $52.9 million during its third quarter, up from $40 million during the same period last year. On a diluted per-share basis, the profit amounted to 74 cents.

Canada to invest up to $1.6B in AI company Cohere

The Canadian government is taking an equity stake in Cohere, joining a funding round targeting ‌$7 billion for the Toronto-based AI lab. Cohere will invest at least $1.7 billion in new computing infrastructure in Canada ‌by 2030.

Biggest U.S. homebuilder misses estimates

D.R. Horton reported earnings that missed analyst estimates and said it expects to keep offering more discounts than usual to entice sluggish buyers. The company also expects to close fewer home sales in the coming fiscal year.

4,500-acre data centre district approved In Pennsylvania

Data centre developers are facing pushback across Pennsylvania, but one local government in Luzerne County is singing a different tune. The Salem Township Board of Supervisors voted Tuesday to nearly triple its data centre overlay district to almost 5,000 acres.

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