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Firm, SunPark see stable future in manufactured housing communities

3 days ago

Firm sees stablility in manufactured housing communities

Firm Capital Property Trust continues to add to its manufactured housing community portfolio after closing a deal to acquire a 50-per cent interest in 10 Alberta and Saskatchewan properties with a combined 1,649 residential lots for $218 million.

Bombardier looks to bring manufacturing plant to Canada

Bombardier Inc. is scouting for sites in Canada to build a new manufacturing plant for its defence business as the jet maker pushes to expand its military capabilities amid robust demand for its products and maintenance services.

Feds commit $1.9B to new Via Rail fleet, build plant

The federal government says it plans to spend $1.6 billion to replace 45 of Via Rail’s aging locomotives and another $357 million to build a new assembly plant and maintenance facility in Montreal.

Purdys explores moving its long-time Vancouver factory

For more than four decades, Purdys Chocolatier has used a large industrial building on Kingsway in Vancouver’s Renfrew-Collingwood neighbourhood as its sole chocolate factory. It has become somewhat of a local institution and landmark.

Study proposes massive shift to Ottawa boundary limit

Facing population growth forecasts, the City of Ottawa commissioned a study by Hemson Consulting that recommends opening up an area of rural land almost the size of Barrhaven to development, a crucial step in the city's growth management process.

Protecting capital in Vancouver’s new TI landscape

TI allowances in Metro Vancouver have risen 124.9% since 2019. For Class A landlords, the question is no longer how much to commit, it's whether that capital is being deployed in a way that shortens downtime and closes tenants faster.

Sponsored by: Reotech Construction

Redesign of Toronto Eaton Centre’s high-traffic washrooms

A heavily used public washroom near the Queen Street entrance of CF Toronto Eaton Centre has been transformed into a brighter, higher-capacity space designed to extend the quality of the shopping experience in one of the property’s most practical amenities.

Toronto-area developers pivot toward rentals

The number of condominiums under construction continues to slide in Canada’s largest market, the greater Toronto region, but the construction of new purpose-built rental apartments is soaring, having surpassed condo construction for the first time in decades.

30-storey rental tower proposed in downtown Barrie

A 30-storey rental tower has been proposed at 73-79 Toronto St. in downtown Barrie, joining a growing collection of tall-building plans for the densifying area. The project is set within the Queen’s Park District and Barrie’s Urban Growth Centre.

Vancouver approves rental tower by SkyTrain station

Vancouver Council has approved a major mixed-use rental housing tower immediately next to SkyTrain’s Commercial-Broadway Station, but the project may need to undergo substantial design changes to preserve the possibility of a future significant expansion of the busy SkyTrain hub.

25-storey student tower approved in Vancouver

Vancouver council set aside its planners’ advice and approved, in principle, the Goh Ballet’s plan for a 25-storey student housing tower. It approved the rezoning application subject to the student-housing units being owned or leased by a public, post-secondary institution.

First Cambria Hotel to be built at Thunder Bay airport

Thunder Bay International Airport is getting a hotel, marking the first Cambria Hotel to be built in Canada. The four-storey, 107-room building with a full-service restaurant and bar, fitness facilities and conference facilities is led by Rideout Bay Developments.

Alberta-based retailer hit by Canadians changing habits

Canadians eased off booze and cannabis this spring, hitting an Edmonton-based retailer with falling sales and a nearly $8-million loss. Revenue at SNDL Inc. fell by about four per cent to $235.8 million, according to second-quarter results.

CBRE posts 16% revenue jump on data centre business

CBRE outperformed industry expectations during the second quarter as its core earnings per share rose 30 per cent on a 16 per cent revenue increase thanks to a strong performance by the company’s infrastructure and data centre services businesses.

U.S. war machine is growing, sparking real estate boom

The U.S. defence sector is undergoing its fastest expansion in decades, driven by a shift in how the military approaches readiness that has triggered a surge in multibillion‑dollar contracts and a ballooning need for commercial space.

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