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Sunray Group buys podium at 80 Queen St. E. for Toronto hotel
Sunray Group buys podium at 80 Queen St. E. for hotel
Sunray Group has acquired the 108,000-square-foot podium of a downtown Toronto mixed-use development that was originally intended for office space and will convert it into a 164-key AC by Marriott Hotel.
2nd tower paused on Frank Gehry’s 'legacy' Toronto condos
The death of famed architect Frank Gehry won’t impact the completion of his last Canadian project, condos on Toronto’s King St. W. However, market conditions have caused developers to press pause on the second tower, for now.
SAF Group mimics Apollo playbook with new lending vehicle
Calgary-based SAF Group is charging into a corner of private credit long dominated by Apollo Global Management Inc. and Brookfield Corp., launching an insurance-backed investment vehicle to fuel lending to borrowers starved of flexible financing.
Entire housing supply chain needs reimagining: BDC exec
Industrialized home construction is the best way for Canada to achieve the federal government’s goal of building 500,000 homes per year over the next decade, according to participants at a recent MaRS Discovery District event.
Developer buys Granville Towers for $12.2M, eyes redev.
A 48-unit apartment building at 8770 Granville St. has sold for $12.2 million, purchased by a real estate developer as an income-producing multifamily investment property with future redevelopment potential.
1,000+ new homes approved for Trafalgar Road in Oakville
Council has given the green light to a development plan that will bring more than 1,000 residential units to north Oakville. Plans for towers of 27 and 30 storeys from New Horizon Development Group and Wyatt Development Group were approved.
63-storey pencil tower proposed on Adelaide East
Premium Properties have submitted plans to the City of Toronto seeking to replace a mid-century, six-storey office building at 59–65 Adelaide St. E. with a 63-storey primarily residential tower.
Vancouver to pursue new stadium and entertainment district
The Vancouver Whitecaps have officially signed an agreement with the City of Vancouver for an “exclusive negotiation period” to pursue a new stadium and “entertainment district” on the site of Hastings Park racecourse.
Vancouver hotel with Filipino Cultural Centre moves ahead
Vancouver City Council has endorsed exploring a new Filipino community and cultural centre integrated into a future mixed-use hotel development. City staff will now work with developer PortLiving and the Filipino Legacy Society to expedite upcoming applications.
Pinnacle advances interim hotel conversion for One Yonge
Pinnacle International announced in November that they were pausing demolition plans for the former Toronto Star Building which currently dominates the property, so that it could be turned into a hotel for an unspecified number of years.
N.B. court rules FN can’t seek Aboriginal title over private land
New Brunswick’s Court of Appeal has ruled that an Indigenous group cannot seek a declaration of Aboriginal title over private property, saying the harm to private property rights would undermine Canada’s efforts at reconciliation with First Nations.
New Empire CEO says delivering on investments is a priority
Empire planned to invest about $850M during fiscal 2026, with about half of the money going into renovations and opening new stores. New CEO Pierre St-Laurent said the company still sees opportunities in full-service stores.
Lululemon founder calls for board changes amid CEO search
The founder of Lululemon Athletica Inc. is calling for an overhaul of the company’s board of directors, as the purveyor of athleisure searches for a new chief executive officer – accusing the leadership of “complacency” as the brand lost its cachet.
Former employee claims $1.2M from Vancouver developer
A former employee is claiming a $1.2-million debt from Westbank Projects Corp., alleging the Vancouver-based developer offered the sum to retain her but “constructively dismissed” her around the time it came due.
RECO lost its way — now the industry has a chance to reset
OPINION: Change only feels threatening when we’ve ignored the warning signs, and as practitioners, we must be honest with ourselves: we have not always shown up the way a self-regulated profession requires.
$3.15B loan for Blackstone on NYC asset co-owned by La Caisse
In a fitting ending note to a year in which commercial real estate financing sprang back to life, Blackstone has secured a mammoth new loan for its largest asset in New York City.
Sonder's collapse: Setback or a strategic misstep for Marriott?
Montreal-founded Sonder’s financial challenges were visible in years of public filings, yet Marriott inked a 20-year agreement in 2024. With Sonder’s collapse unfolding, the decision is drawing renewed scrutiny.
Would Netflix buying Warner Bros. kill movies in theatres?
Though Netflix agreed to buy Warner Bros. Discovery's TV and film studios and streaming division for US$72B, the deal is still subject to regulatory approvals. Meanwhile, Paramount Skydance has launched a hostile takeover bid worth US$108.4B.
Norway’s sovereign wealth fund retools its RE strategy
Norges Bank Investment Management, overseer of the world’s largest sovereign wealth fund, said it plans to broaden its property holdings beyond traditional office, industrial and retail buildings. The fund will now target residential properties, data centres and life sciences facilities.
Industry Events
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Québec Apartment Investment Conference
Feb 04 2026
Palais des congrès de Montréal
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BUILDEX Vancouver
Feb 11 2026
to Feb 12 2026
Vancouver Convention Centre West
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Real Capital
Feb 24 2026
Metro Toronto Convention Centre North
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Vancouver Real Estate Forum
Mar 31 2026
to Apr 01 2026
Vancouver Convention Centre West
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Montréal Real Estate Forum
Apr 14 2026
to Apr 15 2026
Palais des congrès de Montréal
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