Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

Forum acquires first properties with new PBSA fund

1 week ago

Forum acquires first properties with new PBSA fund

Forum Student Living Fund I, along with sponsor Forum Asset Management, closed its inaugural capital raise after securing $46.7 million in total gross equity proceeds in about two months.

Sunray plans to transform North York office complex

After a year under receivership, a large office complex in North York has been sold to Sunray Group, and the 413,000-sq. ft.-complex is now set to undergo a transformation. The complex has been named the Toronto Fortune Centre.

Creditor claims $122M loan default on Port Moody project

Undeveloped phases of Edgar Development’s Portwood Project in Port Moody could be placed into receivership after lenders filed suit claiming the developers have defaulted on more than $122 million in debt.

Average rent in Canada down 4% compared to last July

The average asking rent in Canada declined 4 per cent year-over-year in July to $2,037, marking the 22nd consecutive month of annual rent decreases. However, the pace of decline continued to ease.

Minto, Crestpoint complete $2.3B take-private transaction

The Minto Group and Crestpoint Real Estate Investments Ltd. have completed the previously announced arrangement agreement to acquire Minto Apartment REIT (MI-UN-T) in a transaction representing an enterprise value of approximately $2.3 billion.

Toronto advances nearly 20K homes across 14 projects

The fourth in UrbanToronto’s series covering Toronto City Council’s extra-large July planning docket turns to the remaining citywide decisions, including nearly 20,000 homes, led by the master-planned Downsview West District and The Bend communities.

B.C. in talks with Ottawa over cutting development fees

B.C.'s housing partnership with Ottawa calls for cuts in fees charged to developers that would normally help fund roads, transit, water systems and parks, while municipalities have long complained they don't have the money to pay for those items.

Wildfires raze Okanagan properties as destruction mounts

Wildfire destruction in B.C.’s Interior continues to mount, with authorities outside Clinton confirming structures had been lost on about 120 properties, while more tales of devastation emerged from near Okanagan Lake, where 230 homes were razed over the weekend.

Hotel being built on former site of a beloved Jasper inn

Two years after the Mount Robson Inn was destroyed in the 2024 Jasper wildfire, plans for a new hotel on the site have been revealed. The Robson is expected to open in 2027.

Mission's Aqua condos' boat club an 'unprecedented' asset

A boat club for residents of Mission Group’s Aqua Waterfront Village in Kelowna, B.C. is a one-of-a-kind selling point in Canada, CEO Jonathan Friesen said, and an idea he believes will be envied by other developers.

Did Canada just join the AI boom?

For all the backlash data centres have garnered in Canada over the last year, the reality is relatively little construction activity has happened on the ground, at least compared to the U.S. But a shift may be under way.

Real estate podcasts

A radical case against zoning, CRE Podcast
What a developer is building now and planning for next, CRE Investor
Why suburbs will stay in high demand for decades, Missing Middle Podcast

Brookfield accelerates launch of giant real estate fund

Investment giant Brookfield Asset Management is preparing to launch its next massive real estate opportunity fund next year. That is faster than originally planned, a signal of how the market has strengthened. 

Longtime Newmark CEO Barry Gosin to step down

Barry Gosin will step down as CEO of Newmark at the end of the year, ending a 48-year run at the helm of the brokerage and commercial real estate services firm. 

Industry Events