Axia Real Assets Bids $1.23B For Plaza Retail REIT

Jul 13, 2026

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…

Retail REITs Debt & Financing Canada Toronto Ontario

Read the full report at Storeys

Published by Storeys. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.

Canadian Home Prices Stopped Falling In June (And Buyers Were Already Moving)

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…

Canada

Posted today·Published Jul 16, 2026Read

Storeys

In Canada's West, This Developer Is Building More Than Houses

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…

HomebuildersCanadaCalgary

Posted today·Published Jul 15, 2026Read

Storeys

Bank Of Canada Holds Interest Rate At 2.25% In July

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…

Canada

Posted today·Published Jul 15, 2026Read

Storeys

Mixed-Use 31-Storey Tower Proposed Near Future 152nd Street Station In Surrey

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…

Canada

Posted today·Published Jul 14, 2026Read

Storeys

Cromwell After More Toronto Rental With 45-Storey Leaside Station Proposal

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…

CanadaMontreal

Posted today·Published Jul 14, 2026Read

Storeys

Minto Shifts To Purpose-Built Rental For Five-Tower Mimico Proposal

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…

CanadaPortland

Posted today·Published Jul 14, 2026Read

Commercial ObserverJewish High School Championed by Jeff Sutton Secures $30M in Construction Financing9 reads

MatthewsAustin, TX Multifamily Market Report Q1 20266 reads

RedfinGen Z Is Creating A New Path To Prosperity5 reads

JLLAre structural issues distorting Melbourne’s vacancy?4 reads

Cushman & WakefieldSan Antonio Multifamily MarketBeat Q1 20264 reads

Did you know?

Test your commercial real estate knowledge with a quick question.