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Rockwell, Canderel JV launches Edmonton's Strathearn

1 week ago

Rockwell, Canderel JV launches Edmonton's Strathearn

Construction has begun on the first phase of a major Edmonton mixed-use development in Strathearn, kicking off what could eventually become a community of 1,900 new housing units. Rockwell Investments and Canderel are leading a partnership of four developers.

Amazon continues to grow network of smaller, local DCs

Amazon (AMZN-Q) is continuing to expand its network of last-mile delivery hubs in smaller Canadian cities and towns, with the announcement this morning of new facilities in Lethbridge, Alta., and the Ontario city of Owen Sound.

La Caisse invests $240M in Cologix's Montreal data centre

La Caisse and Cologix have concluded an agreement for a $240 million senior financing for Cologix's Montréal MTL8 colocation data centre. Construction of the building envelope is completed, and the AI-ready data centre is in service.

Global trade, interest rates and housing: The road ahead

Adam Jacobs
Senior National Director, Research, Colliers Canada

First Capital REIT sells Yonge and Eglinton site for $42M

According to First Capital's 2025 annual report a 100% ownership interest in 34-70 Montgomery Ave., near Yonge and Eglinton in Toronto, sold in Q4 for $42 million. The site was acquired by Toronto-based Graywood Developments.

Macklem flags financial risk of non-bank lenders

Bank of Canada governor Tiff Macklem is warning about financial risks associated with non-bank players in debt markets — hedge funds buying sovereign debt and growing private credit in lending -- because it is not as closely monitored as traditional banks.

Colliers’ new Integrated Asset Management offering will elevate clients’ service experience

Following its 2025 acquisition of Triovest, Colliers in Canada created Integrated Asset Management, managing the full real estate lifecycle – from acquisition and development to leasing, property management and disposition – to maximize cash flow and returns.

Sponsored by: Colliers Canada

Experts question need for huge new T.O. convention centre

In 2023, the Auditor General of Ontario found that the MTCC, which has 442,000 square feet of exhibit space, did not have enough contiguous space to host the largest conventions and trade shows that could come to Toronto.

Buyers market for Calgary apartments due to oversupply

An oversupply of apartment-style properties is creating a buyer’s market for those homes, while Calgary’s detached and semi-detached markets remain tight, according to Calgary Real Estate Board sales figures for February.

Lots of Metro Vancouver housing OK'ed despite red tape

Metro Vancouver cities have enabled a tremendous amount of housing construction since 2017. Thirty Metro Vancouver housing experts last week agreed it’s not true that strict building regulations have been getting in the way of providing significant housing supply.

Kelowna makes changes to its density bonusing program

Kelowna's density bonus system introduced in 2022 previously allowed developers to add height to projects above what is allowed in exchange for contributions to either the Housing Opportunities Reserve Fund or the Public Amenities and Streetscape Reserve Fund.

St. Thomas mayor to feds: Help us build homes, density

Driven by the much-anticipated opening of an electric vehicle battery plant, the mayor of St. Thomas, Ont. says there is land available for 2,000 to 3,000 much-needed homes on vacant downtown lots on “brownfield” lands.

Six Flags sells La Ronde to EPR Properties

La Ronde, the Montreal amusement park has been sold to EPR Properties, a Kansas City company, and will now be managed as Village Vacances Valcartier. La Ronde is one of seven parks that Six Flags is selling to EPR Properties.

Musqueam deal challenges overlapping Indigenous claims

The Musqueam First Nation’s agreement with Ottawa to advance the nation’s rights and title over the western half of Greater Vancouver will force Canada to grapple with overlapping Indigenous claims, civic governance issues, and the principles of co-operative federalism.

Feds earmark $5.5M for new B.C. mass timber factory

Castlegar-based Kalesnikoff Mass Timber Inc., a large B.C.-based mass timber company, is receiving $5.5 million in federal funding to expand production capacity. It is the government’s latest support for prefabrication to boost housing supply.

As in Alberta, U.S. data centres may need their own power

In Alberta, the UCP government has been championing the “bring your own generation” model for plans to attract $100B in investments for AI data centres. It's an approach reiterated in the U.S. president's state of the union address.  

Toyota confirms it is not moving U.S. plant to Canada

Social media posts last month claiming Toyota had decided to move an auto manufacturing plant from Huntsville, Ala., to Ontario are false, according to Toyota. The claim originated from online accounts that appear to generate their content using AI.

Amazon Pays $427M for Northern Virginia Campus

Amazon Data Services, a subsidiary of Amazon Web Services, has acquired a 122-acre campus in Northern Virginia’s Loudoun County from George Washington University for $427 million, or about $3.5 million per acre. The Ashburn, Va., site is located in the top U.S. data centre market.

Private credit is learning all about liquidity

As private credit boomed, bankers questioned how these young firms would cope with failing borrowers when a bust came. But a different problem is emerging for this popular $1.8 trillion asset class – liquidity is draining away.

Unusual hotel dynamics create 'attractive investment window'

The investment thesis for U.S. hotels has shifted — and not because operational fundamentals are improving. Hotel revenue growth is stagnant or declining amid disappointing international travel numbers and increasing expenses as hotel owners also face a wave of maturing debt.

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