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Groupe HD to build $200M Montreal multires tower at former YMCA

1 week ago

Groupe HD to build $200M Montreal tower at former YMCA

Groupe HD plans to redevelop the site of a former YMCA in downtown Montreal into a 30-storey apartment tower with over 400 units and ground-level retail, a project the Montreal-based developer said represents approximately $200 million in investment.

Precon prices are largely same or higher since HST cut

The majority of developers in the Toronto area haven’t changed prices since the expanded HST rebate announcement, according to data provided to the Star. Of over 1,000 preconstruction floor plans analyzed, 70 per cent have not changed prices.

Toronto office rebound opens doors in off-core markets

The Greater Toronto office market showed clear signs of life in early 2026, with availability and vacancy retreating from their post‑pandemic peaks and capital starting to return to the sector.

Alta buys Air Transat Tower at Montreal's Place du Parc

Alta Canada has acquired the Air Transat Tower office and retail complex in the Montreal-are borough of Saint-Laurent. The over-800,000-sq.-ft. acquisition includes the 26-storey tower, extensive retail along Parc Avenue and 1,100 underground parking stalls.

New hospital drives office real estate in Vancouver area

A new health-care precinct is taking shape in False Creek Flats, an emerging urban area of Vancouver that is evolving into a health and innovation district anchored by a new hospital and top-tier medical office space.

Inside law firm DWF’s 24,000-square-foot Vancouver office

Set along Vancouver’s waterfront next to Canada Place, global legal services firm DWF’s local office makes the most of its location — using views of Coal Harbour and downtown as a defining feature of the space.

AgTech-turned-crypto company aims to build data centre

AgTech-turned-crypto company Avax One signalled another change in direction on Monday after announcing plans to develop a 10MW data centre. The data centre is slated to be built within an 80-kilometre radius of Calgary. 

Pinnacle ups tower heights, swaps office for hotel

When Vancouver-based Pinnacle International received approval for Phase I of the Pinnacle Lougheed project in Burnaby in September 2024, the 73-storey tower and 80-storey tower were already set to be among the tallest towers in British Columbia.

Telus plans 25-storey PBR on Vancouver-Burnaby border

Telus is seeking to redevelop a utility building site at 3696 Kingsway into a 25-storey tower with secured purpose-built market rental housing, about 10,000 sq. ft. of retail/restaurant uses and a small replacement telecommunications utility building.

Former B.C. premier is developing missing middle housing

Former B.C. premier Mike Harcourt had always been a developer at heart, so it’s not too surprising he’s a shareholder in a boutique family-run development company that builds gentle density housing.

Green light for the Le Phare project in Rimouski

Rimouski elected officials have approved a zoning bylaw change which will allow the construction of the Le Phare project from developer Groupe DTM, a 17-storey tower in downtown Rimouski.

Trudel seeks to build 35-storey building in Quebec City

Without making any formal commitment, Quebec City said it welcomed "with openness" the request from real estate developer Trudel to increase the height of a building in the Fleur de Lys complex from 20 to 30 or even 35 storeys.

Teranet summit examines Ontario's for-sale housing trends

Ontario’s housing market has undergone some significant changes in recent years. The April 21 Teranet Property Ecosystem Summit at Toronto’s Design Exchange brought industry representatives together to update these conditions and today's economy.

'Green' real estate continues to be in demand, despite cost

With rising energy prices and regulatory shifts, green building approaches in commercial and multifamily residential real estate have become a necessity. Yet challenges remain for developers and investors, according to industry experts.

Mass timber moves from experimental to mainstream

There’s evidence that mass timber is shifting from its demonstration phase to its delivery era, according to a leading design company behind several mass timber projects in Canada. 

Morguard Corp. increases ownership in Morguard REIT

Morguard Corporation (MRC-T) has announced that it acquired 1,344,552 trust units of Morguard Real Estate Investment Trust (MRT-UN-T), through its participation in the REIT's distribution reinvestment plan. The units acquired represent approximately 2.01 per cent of the outstanding units.

Metro Supply Chain acquires 1.5M-sq.-ft. of warehousing assets

Metro Supply Chain Group has agreed, through one of its U.S. subsidiaries, to acquire select warehousing assets in the Southern U.S. from BR Williams. The transaction adds approximately 1.5 million square feet to its U.S. footprint.

CBRE posts biggest quarterly profit gain in almost four years

CBRE, the world's largest commercial real estate services firm, raised its annual profit outlook after reporting its biggest quarterly gain in almost four years, fuelled partly by its data centre land development business.

Extell files plans for 86-storey Manhattan supertall

Extell Development’s plan for a controversial tower in one of Manhattan's most development-averse neighbourhoods is coming into focus. The Gary Barnett-led firm aims to build a 1.2M-sq.-ft. supertall at 80 W. 67th St. that will yield 430 apartments.

Return-to-office momentum marches on

All of the U.S. office markets that Placer.ai tracks showed an increase in office foot traffic in March compared with a year ago, with the busiest markets close to the pace of foot traffic last seen in 2019, the year before the pandemic.

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