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GWLRA enters industrial strata development with GTA build

18 hours ago

GWLRA enters industrial strata development with GTA build

GWL Realty Advisors is entering the industrial strata market with a 120,486-square-foot, 14-unit speculative development called Leslie Link just north of Toronto in the town of Richmond Hill.

New leasing in Toronto signals demand for AAA office

A prime roster of tenants, such as Microsoft and the Business Development Bank of Canada, are moving into the new and fully-leased Bay Street office towers at CIBC Square, now considered the treasure of Toronto’s Financial District.

GO Residential announces $439.6M in NYC acquisitions

GO Residential REIT (GO-U-T) has agreed to acquire two properties in New York City: a 100 per cent interest in 7 Dey in Manhattan and an 81 per cent managing interest in 409 Eastern Parkway in Brooklyn.

QScale turns to the Americans for investment

American financial giants are preparing to invest in QScale, after the rising star in Quebec's data centre sector failed to attract local investors. QScale has a vast complex in Lévis and is planning a multi-billion dollar project in Ontario.

Bell, HIVE plan to expand W. Canada data centre networks

Canada’s AI computing capacity will continue to grow with the announcements that Bell Canada and HIVE Digital Technologies Ltd. are expediting their data centre footprints in the western provinces.

High Street Financial opens Toronto office, expands national commercial mortgage platform

High Street Financial's Toronto expansion marks the first phase of its national growth strategy, bringing a commercial mortgage, origination and servicing platform, grounded in discipline, transparency, and predictable repayment structures, to Canada's largest commercial real estate financing market. 

Sponsored by: High Street Financial Services Inc.

Judge says HBC landlords should get back $2.4M in costs

An Ontario court has taken an “unprecedented” step, deciding Hudson’s Bay landlords should be reimbursed for $2.4 million in costs they incurred while fighting the defunct retailer’s failed push to sell leases to B.C. billionaire Ruby Liu. 

Tenblock pauses Toronto highrise project after Sanofi MZO

The province of Ontario has intervened to place a height restriction on buildings near a North York Sanofi pharmaceutical plant, disrupting plans for a neighbouring rental housing development from developer Tenblock

Homebuilders are pivoting to multiplexes, smaller projects

Toronto’s real estate market is facing continued fallout from the condo crash, pushing developers to rapidly pivot to fewer-unit projects and rentals — and as a result, it’s shifting consumer demand in the near term. 

Booming Calgary surpasses Toronto on housing starts

The housing market in Calgary is booming and just hit its fourth straight record for housing starts. Calgary set a new record in 2025 and, for the first time, surpassed Toronto in housing starts, according to a new CMHC report.

B.C.'s construction and RE sectors lose thousands of jobs

B.C.’s efforts to supercharge housing development may be slamming headfirst into reality as housing starts drop and thousands of jobs are lost in the construction and real estate sectors.

Partly-built highrise for sale on Van.'s Broadway corridor

An unfinished luxury condo development along Vancouver’s Broadway corridor is expected to be sold. According to court documents, the Duet project at 2511 Spruce St. was put on the market after developer Minglian Holdings was granted creditor protection last fall.

Vancouver council defers proposal for 924 rental homes

Vancouver city council chose not to give the green light to an ambitious three-tower rental housing proposal for a section of East Hastings Street because of concerns related to the project's scale and lack of amenities for the neighbourhood.

Bridgemarq grows agent network despite cooling market

Bridgemarq (BRE-T) expanded its national agent network in 2025, even as the housing market cooled in Canada’s biggest cities. The Toronto-based company behind Royal LePage and other brands said its network had 21,409 agents at the end of December.

Canadian mortgage billionaire buys stake in The Economist

Canadian mortgage billionaire Stephen Smith has agreed to buy a minority stake in The Economist Group, marking the first ownership shake-up in the storied British current affairs magazine in a decade.

HGI to buy nearly all of AH Realty's multifamily for $562M

AH Realty Trust, the REIT formerly known as Armada Hoffler, is selling 11 multifamily properties to Harbor Group International as it significantly narrows its business model. HGI will pay US$562M for the 11 properties.

Iran's data centre strikes preview peril ahead for big tech

Iran’s drone strikes on three of Amazon’s Middle East data centres were the first military attacks on U.S. tech giants’ digital infrastructure — but they likely won’t be the last. Data centres are becoming priority wartime targets.

Once red-hot, Dubai real estate bonds rack up steep losses

Investors who rushed to lend money to real estate developers in the United Arab Emirates are nursing losses as the Iran war hammers their bonds and threatens to stall a borrowing binge.

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