What happened, and who moved.
Grosvenor Property Canada (GPC) has signed its second major industrial transaction on Annacis Island this year: Doka Canada Ltd. is set to enter a 10-year lease at 830 Carlisle Street, commencing this month. The 15-acre property, previously occupied by Russel Metals, will support Doka's continued expansion in…
Calgary-based Boardwalk REIT (TSX: BEI.UN) and Montreal-based Desjardins Global Asset Management (DGAM) have formed a new joint venture focused on acquiring and owning high-quality multi-family assets across Western Canada. “The intent of both parties is to build a long-term partnership that is expected to grow…
Nova Scotia-based Crombie REIT (TSX: CRR.UN) has completed an acquisition of a Safeway in Surrey, British Columbia, according to their Q2 2026 financial report published last week. The Safeway is located at 12825 16 Avenue, at the northeast corner of the intersection of 16 Avenue and 128 Street in South Surrey. The…
In a continued effort to sell non-core assets in order to deleverage itself, Toronto-based Allied Properties REIT (TSX: AP.UN) completed $197 million in sales in Q2 2026, according to its latest financial report. That $197 million in sales consists of the $74 million sale of the high-rise office building located at…
H&R Real Estate Investment Trust is being acquired in a $6.7-billion transaction that will merge its residential portfolio into GO Residential Real Estate Investment Trust, the companies announced Tuesday. H&R unitholders will receive $4.28 per unit in cash plus 0.5688 GO REIT units per H&R unit, valued at $12.01…
Ontario new-home sales ticked up 130% year-over-year in Q2 of 2026, according to data the Building Industry and Land Development Association (BILD) and the Ontario Home Builders' Association (OHBA) shared Tuesday. The driving force behind the bump, BILD and OHBA say, is the announcement of the provincial-federal…
Real estate insolvencies have been a dime a dozen over the past few years, but 736 Bathurst Street is proof that, sometimes, they come out of the other side. A new development application from MOD Developments and Montez Corporation proposes a 40-storey purpose-built rental tower for the site at the southwest…
After spending over a year under receivership, a large office complex in North York has officially been sold, and the complex is now set to undergo a transformation. The office complex is located at 95 and 105 Moatfield Drive in the Don Mills neighbourhood, on the western side of the Don River near the intersection…
The federal government and the City of Toronto are putting more than $2.7 billion behind 18 rental housing projects across the city over the next three years, Prime Minister Mark Carney and Mayor Olivia Chow announced Wednesday. The portfolio is expected to produce more than 5,600 rental homes in total, spanning…
The problem of developers carrying too much completed unsold inventory is not only being seen in the condo market. A townhouse project in Toronto was recently placed under creditor protection, according to filings in Ontario Superior Court. At 1648 Victoria Park Avenue in North York, a few blocks away from the…
Vancouver City Council voted Monday to approve Holborn Group's rezoning application for the Hudson's Bay parkade block redevelopment — clearing the way for what would be Western Canada's tallest tower. Holborn called it "an exciting moment, and an even more exciting beginning" when announcing the news . STOREYS…
Low-rise new home sales in the Greater Toronto Area outperformed their historic average for a third consecutive month in June, even as benchmark prices kept sliding, according to the latest figures from the Building Industry and Land Development Association (BILD). There were 1,175 total new home sales in June — up…
The market downturn is forcing developers big and small to adapt and revise their projects, and the latest example is Vancouver-based OpenForm Properties and their project set for the Edmonds neighbourhood of Burnaby. OpenForm is the residential real estate division of OpenRoad Auto Group , which operated what was…
The Manderley by Toronto-based Nova Ridge Development Partners Inc. has been placed under receivership, according to filings in Ontario Superior Court, but what makes the case abnormal — although it is becoming more common — is that construction on the project has been substantially completed. Located at 1478-1496…
Ontario real estate brokerages are getting a new piece of homework, courtesy of their regulator. Starting October 1, 2026, every brokerage in the province will have to attest to and submit an annual financial filing to the Real Estate Council of Ontario (RECO) — a requirement meant to give RECO a clearer, more…
After a spring that never quite got going, the Canadian housing market found a gear in May. Home sales across Canadian MLS® Systems rose 5.5% from April, according to the Canadian Real Estate Association (CREA) — the first month in 2026 to post any meaningful upward momentum in headline demand. Where that momentum…
At Tuesday's Toronto City Council meeting, councillors approved the Zoning By-law Amendment application for Block 1 of 50 Wilson Heights Boulevard — one portion of a larger City-led Housing Now initiative to deliver 1,484 new residential units, including 520 affordable rentals, to Wilson Avenue and Allen Road. Led…
Canadian home prices did something unremarkable in June: nothing. The National Composite MLS Home Price Index was unchanged from May, according to the Canadian Real Estate Association's July 15 release . That flat reading ended a monthly decline that had run since January 2025. The pause arrived after buyers had…
There's a version of new home construction that most buyers know well: a patchwork of builders, a streetscape that never quite coheres, a construction zone that lingers years after move-in. Mattamy Homes has spent decades building something different. And in Calgary and Airdrie, that difference is on full display…
On July 15, the Bank of Canada held its overnight rate at 2.25%, pointing to early signs of a broadening economic recovery. Policymakers say the economy is starting to turn a corner after a rough stretch shaped by tariffs, elevated uncertainty, and slower population growth — the labour market has stayed soft…
It’s been around a decade since plans were put in motion for Grand Park Village: a multi-block, mixed-use community proposed for 2 and 10 Audley Street and 29, 31, 39, 59, and 71 Portland Street. The series of addresses are a five-minute walk from Mimico GO, which has drawn plenty of development focus in recent…
Montreal-based Cromwell Management appears to be on a development proposal streak after filing its third major application with the City of Toronto since the spring. The latest plans are for a 45-storey mixed-use building at 525 Eglinton Avenue East, where it would be a five-minute walk from the recently-opened…
New development proposals continue to pop up along the Fraser Highway corridor, as the Surrey-Langley SkyTrain currently under construction is expected to bring forth waves of new development. On Monday, Surrey City Council considered a new rezoning application submitted by 1098261 BC Ltd. for a land assembly…
Beedie has officially started construction on South Campbell Heights Business Park, a 60-acre industrial development at 19084 20th Avenue in Surrey, BC. And it's a significant one — once complete, the park will deliver more than 1 million sq. ft of industrial space, positioning itself as the gateway to South…
Last week, Toronto-based real estate fund Axia Real Assets LP revealed that it has submitted a non-binding offer to take over New Brunswick-based Plaza Retail REIT (TSX: PLZ.UN) in a deal that would value the REIT at $1.23 billion, including $670 million of debt. Axia Real Assets is offering a purchase price of…
Years after unveiling redevelopment plans, and nearly 10 years after the site was first sold, UK-based developer Grosvenor has significantly revised the plan for Mayfair West, the master-planned community set for what was formerly known as the Oakridge Transit Centre in Vancouver. Mayfair West is set for a 14-acre…
SiteSummit 2026 — presented by SiteNews and EllisDon — leaned into its "Summer School" theme, packing its Toronto program with sessions on everything from AI adoption to modular construction. Among them, three sessions dug into housing from very different angles: a market update, a materials-focused deep dive on…
The Labatt Village project by Toronto-based developer TAS is changing hands following a relatively quick receivership proceeding, according to filings in Ontario Superior Court. At 7 Labatt Avenue and 77 River Street in Toronto, a 1.34-acre property located between Dundas Street East and Queen Street East near the…
Real estate insolvencies have, unfortunately, become relatively commonplace over the past few years, but few have involved Canada’s biggest banks, making a recent case a rare occurrence. The project is a 27-storey mixed-use condo project called the Burlington Waterfront, which was being developed by Toronto-based…
By any measure, Alberta is outperforming the rest of the country when it comes to getting shovels in the ground and homes built. The numbers tell the story. Alberta recorded a surge in housing starts in 2025, rising sharply year over year, while Ontario moved in the opposite direction, with starts falling and…
ELM Developments and Fiera Real Estate acquired the assembly at 270 Sheppard Avenue West on January 29. They broke ground on June 17. In a market where rental projects routinely spend years in rezoning, moving from purchase to shovels in under five months is the point — and at 270 Sheppard, they planned it that…
Ontario was sitting on roughly $10.5 billion in development charge (DC) reserves by the end of 2024, according to a recent report from Desjardins that argues municipalities have become overly accustomed to the fees as a source of revenue. More controversial still, DCs remain one of the most serious obstacles to new…
Vancouver-based developers OpenForm Properties and Alabaster Homes are partnering on a two-tower project in the Metrotown neighbourhood of Burnaby, according to a rezoning application set to be considered by Council this week. The subject site of the proposal is 6470 and 6508 Silver Avenue, which is located…
GTA new home sales aren't out of the woods yet — but the low-rise market is making a strong case for optimism. For the second consecutive month, single-family home sales in the Greater Toronto Area surpassed the 10-year average, buoyed by the enhanced HST rebate program introduced in April 2026. According to new…
At Bathurst and St. Clair, Canderel has officially started construction on Forêt Forest Hill — its three-tower, master-planned community in midtown Toronto. The development has secured construction financing from a consortium of five major Canadian banks led by CIBC, with National Bank, TD, Desjardins, and…