Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

REIT growth stagnates at $76B; privatizations drag on market cap

1 hour ago

Canadian REIT growth stagnates at $76 billion

The Canadian aggregate real estate investment trust market cap remained unchanged at $76 billion since last year’s RealREIT conference, RBC's David Holden revealed at this year’s Sept. 16 event at the Metro Toronto Convention Centre.

Sienna expands in Ontario with $170.7M Ottawa acquisition

Sienna Senior Living (SIA-T) has made it fifth acquisition in Ontario this year, announcing this morning it has acquired a 305-suire retirement residence in Ottawa for $170 million.

JWest breaks ground on $400M-plus mixed-use community

A groundbreaking was held on Monday for an ambitious community project in the heart of Vancouver which will see two rental housing towers built as well as a Jewish community centre and dedicated high school on a 3.3-acre site.

CIBC Square marks completion of landmark Toronto vision

La Caisse and Hines today celebrated the completion of 141 Bay St. and the full opening of the sky park at CIBC SQUARE, marking the culmination of over a decade of investment, development and partnership behind this significant mixed-use destination.

Post-summit, Canada's major projects face hurdles: experts

Canada’s inaugural investment summit created a buzz that the country is open for business, but experts say the real test will be whether that momentum can translate into major projects that overcome labour shortages, community concerns, environmental hurdles and lengthy approvals.

CanFirst lists 14-acre TELUS-leased industrial site

A newly-constructed “best-in-class” industrial property in Mississauga has hit the market. Owned by CanFirst Capital Management, the “best-in-class” industrial property is located at 6525 Mississauga Rd. and was completed in 2024.

Is your property actually ready for winter?

The questions every property manager should be able to answer before the first snowfall. A signed snow removal contract can create a sense that winter is handled. But the contract is only part of the plan.

Sponsored by: Strathmore

Ares and PSP establish $2.4B U.S. logistics real estate JV

Global alternative investment manager Ares Management Corporation and PSP Investments have established a new joint venture to invest up to US$2.4 billion in logistics real estate opportunities in the U.S.

What’s selling in Toronto’s condo market: developers

Two Toronto condo developers, Sierra Building Group and Gupta Group, selling into a very difficult market, say buyers are still showing up, but not for the same product or at the same pace that defined the city’s last condo boom.

Large condo tower proposed for downtown Edmonton

A new 20-storey condo tower could be coming to a vacant parcel of land near downtown Edmonton, providing sweeping views of the North Saskatchewan River valley. Leston Holdings says it has acquired the property located at 12515 Jasper Ave.

Cabot announces golf course for Cumberland County, N.S.

A new 18-hole riverfront golf course in Cumberland County, N.S. is aiming to open in 2027. Cabot Wilds will be the third Cabot golf course in N.S.; Cabot Links and Cabot Cliffs are both located in in Cape Breton.

Why Bell chose Regina for its massive data centre

Analysts believe there could be multiple factors that led Montreal-based BCE Inc. to select the southern outskirts of Regina’s city boundary as the home for its behemoth $50-billion data centre plans.

Nestlé's Toronto factory undergoes $50M renovation

Nestlé Canada has completed a $50 million expansion and modernization project at its confectionary factory in downtown Toronto. The company said the project unlocks additional capacity at the site to support growth across key brands.

Four grocery stores opening in Toronto neighbourhood

Four new grocery stores are opening soon in Toronto's North York City Centre: H Mart, No Frills, T&T Supermarket and Food Basics are moving into the dense core of the Willowdale neighbourhood this fall.

First U.S. rate hike since 2023 lands atop 5% treasury yield

Federal Open Market Committee members voted unanimously Wednesday to raise the U.S. Federal Reserve's benchmark rate, an expected but significant shift in the central bank’s fight to tame inflation. The decision is the first rate increase since July 2023.

Amazon eyes next industrial push for same-day deliveries

Amazon is planning a renewed industrial push in a multibillion-dollar effort to boost its same-day fulfillment ability. The initiative would expand Amazon's same-day fulfillment centre network to more than 1,000 locations by 2031, up from around 85 facilities today.

Industry Events