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ProCura’s WSP Place, adjacent lots in Edmonton under receivership

22 hours ago

ProCura’s WSP Place, adjacent lots under receivership

Edmonton-based ProCura Real Estate Services is facing a series of insolvencies, with three properties it owns all being placed under receivership last month, according to two separate filings in the Court of King’s Bench of Alberta.

Sanofi opens new $925M manufacturing facility in Toronto

Sanofi Canada has inaugurated its new $925M facility to produce flu vaccines in Toronto, the Charles Best Building. Named after the co-discoverer of insulin and an early medical director at Sanofi Toronto campus, it spans over 194,000 square feet.

Indigenous CRE investments support reconciliation

Indigenous organizations are expanding their commercial real estate holdings across the West, including the $310-million Wehwehneh Bahgahkinahgohn redevelopment project led by Manitoba’s Southern Chiefs’ Organization to transform the former Hudson’s Bay Co. building in downtown Winnipeg.

Slate's massive Hamilton waterfront site pitched at summit

The Steelport waterfront development that has drawn the ire of AI data centre opponents is one of the major projects Ontario is pitching at Prime Minister Mark Carney’s investment summit this week.

Clean-energy firm proposes $2B manufacturing project 

Canadian Sustainable Energies has identified Chatham-Kent, Ont., as the site for a proposed 10-gigawatt integrated manufacturing campus that would produce solar modules and battery energy storage systems, representing nearly $2B in investment and creating over 1,000 direct jobs.

CBRE Canada takes property marketing to the next level

Emerald Creative is CBRE’s new full-scale, award-winning in-house creative marketing agency dedicated to premier leasing assignments. The agency helps Canadian landlords and developers differentiate significant commercial properties, lease faster and attract desired tenants to enhance neighbourhoods and communities.

Sponsored by: CBRE

Listowel Gardens a rare rental community for rural Ont.

Listowel Gardens, northwest of Kitchener, Ont., delivers an incomparable combination of multigenerational living and sustainability in rural Ontario, said its developer, BluView Developments Inc. The community consists of two apartment buildings, a club house and commercial area.

Walmart Canada builds Supercentre pipeline

Walmart Canada is building a sizeable pipeline of new Supercentres as its $6.5-billion investment program moves into its next phase, with confirmed projects extending through 2028 and further store announcements expected, targeting malls and growing communities.

Two new Costco locations are set to open in Alberta

Costco shoppers in Alberta will soon have two new locations to check out, with both stores set to open this fall. According to Costco’s website, the new locations are located in northeast Edmonton and Lloydminster.

Halifax Wanderers pitch $100M permanent stadium

The Halifax Wanderers are looking to spend $100 million on a new stadium at the club's home field in central Halifax as well as a community sports hub in Dartmouth that would double as the team’s training facility.

Builders getting the carpet pulled out from under them

As Canada fights a trade war with the U.S., one of the targets of opportunity for counter-tariff retaliation can be found under the feet of most Canadians living in apartment buildings, and many visiting hotels or working in offices: carpet.

Five towers, commercial space proposed for Ajax

Star Night Import & Export and First Route Properties have filed back-to-back proposals in Ajax’s employment lands. Together, the developers plan to construct five mixed-use towers up to 30 storeys along Blowers Crescent.

Annual pace of housing starts dips in August: CMHC

CMHC says the seasonally adjusted annual rate of housing starts came in at 229,046 units for August, down from 229,360 in July. Modest gains in Quebec and Alberta only partially offset the decline in other provinces, most notably, Ontario.

What’s inside the bond market’s ‘toxic stew’

The market for U.S. Treasury bonds is among the largest in the world, with up to US$1.2T traded daily. It’s a powerful mirror of the U.S. economy, reflecting risks near and far: inflation, wars, budget deficits, demographic cliffs. 

Chipotle adding hundreds of new locations worldwide

A longstanding staple in the American fast-casual landscape is expanding with hundreds of new outposts this year, including its first foray into South Korea. Chipotle will expand its footprint by between 350 and 370 locations over 2026.

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