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Canadian REITs: Why deep NAV discounts are triggering buyouts

4 days ago

Why deep NAV discounts are triggering REIT buyouts

Unitholders of InterRent REIT made a premium of 35 per cent while Minto Apartment REIT unitholders received a premium of 32 per cent after they were taken private this summer.

Adviser ISS recommends voting against H&R REIT takeover

Proxy adviser Institutional Shareholders Services (ISS) is recommending unitholders vote against a friendly takeover offer for H&R REIT (HR-UN-T). It's the latest setback for a planned $3.4-billion acquisition led by GO Residential REIT.

1M-square-foot funeral complex proposed in Greenbelt

A proposal to rezone environmentally protected land to build a one-million-square-foot funeral complex north of Toronto has drawn the ire of local residents concerned about the size and a potential threat to their drinking water.

BoC raises interest rate to 2.5% in first hike since 2023

The Bank of Canada raised its key interest rate by 25 basis points to 2.5 per cent on Wednesday, blaming higher, more persistent inflation for its first rate hike since 2023.

$15B Alberta data centre prompts mixed reactions

Tourmaline Oil Corporation plans to build Malachite One in west-central Alberta next to its active Banshee Gas Plant, which would supply power. The proposal is raising questions from area residents, who crowded into a recent series of information sessions.

EverWind proposes binding deal with N.S. on data centres

The company that wants to build $8 billion worth of data centres in Point Tupper, N.S., says it’s offered to sign an agreement with the province to hold it to its promises. 

Colliers disrupts real estate corporate finance landscape with launch of Colliers Securities Group in Canada

Colliers has launched its Colliers Securities group in Canada, expanding its established Securities capability within its U.S. business. Jeff Jacobson, CEO, Colliers Securities, provides insights into the group’s foray into the Canadian market.

Sponsored by: Colliers Canada

Millennium adds hotel to Kitsilano rental tower proposal

Vancouver-based Millennium Development has submitted a new rezoning application for their project in Vancouver's Kitsilano neighbourhood. The company initially proposed a 20-storey rental tower in 2024 and are now proposing a 26-storey rental tower with a hotel.

Major facelift coming for long-standing Jasper lodge

Pursuit Attractions and Hospitality is transforming Jasper, Alta.'s Lobstick Lodge into Lobstick, with the mountain hotel gaining refreshed guestrooms, revamped gathering spaces and a “lively new take on après inspired by Jasper’s alpine culture of the 1960s and 70s.”

Developer DCH nears completion of Alberta retail centre

The Westlock, Alta., development consists of two 13,000-square-foot buildings that can accommodate up to 20 business bays. A number of businesses have already signed on including KFC, Pet Valu, Purely Natural Water, Westlock Barber, Tobaccoland and MR MIKES.

Grocery store sought for downtown Saskatoon

A real estate firm is actively trying to make the longstanding dream of a grocery store in downtown Saskatoon come true. It could be the first step in one of the largest developments in Saskatchewan history.

Stelco owner says he could sell plant next year

The head of Stelco's American parent company says he's willing to sell the Hamilton-based steel plant as a dispute with the federal government looks like it's headed to the courts.

Aging boomers fuel $28B investor rush into senior housing

Senior housing deals in the U.S. are on pace for a record year. Sales of senior living and care facilities reached roughly US$28B this year through September, up 111 per cent from the first nine months of 2025.

Dubai's Shangri-La Hotel set for $1.3B office conversion

Abbas Sajwani, the son of a billionaire Emirati property tycoon, is launching his second office tower in one of Dubai’s prime real estate locations in a fresh test of demand in the conflict-hit region.

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