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

Student housing is still falling short of demand in Canada

1 day ago

Student housing still falling short of demand in Canada

While Canada remains a major global hub for higher education despite student visa caps negatively impacting international enrolment, it doesn’t have enough purpose-built student accommodation (PBSA) to meet demand.

Vancouver’s Broadway plan has 166 projects in pipeline

The Broadway plan approved by city council in 2022 continues to attract interest from developers with 166 active projects in the development pipeline, according to the most recent public data posted to the city’s website.

Wave of purpose-built rental units gives tenants an edge

Purpose-built rentals are buildings where units are designed to be leased and managed by a single landlord. Until very recently, most Canadian purpose-built rental housing was built pre-1990. Now, they are the fastest-growing segment of the housing market.

Montreal's new mayor, new hopes for developers

With a new municipal administration in place in Montreal since last fall, real estate developers say they are already sensing a change at city hall: more openness, better dialogue. Time will tell if this will translate into concrete results.

Vancouver condo prices expected to fall further

There is more price downside to come for Vancouver’s condo market, economists with TD are predicting. TD Economics is forecasting a roughly 15-per-cent peak-to-trough decline from the 2023 high by mid-2027.

Why Ugo Bizzarri thinks we need even more rental housing

The Financial Post chats with long-time Hazelview Investments developer Ugo Bizzarri about how he got his start, his nearly 30 years experience in Canada’s real estate world, and what he considers the key issues in the housing market today.

35-storey rentals planned by Mississauga hospital

An infill proposal has been submitted for 2233 and 2235 Hurontario St. in Mississauga’s Downtown Hospital Growth Centre. The pair of 35-storey purpose-built rental towers are designed by BDP Quadrangle for Starlight Investments.

After 97 years, St. Catharines auto plant gets $80M boost

Rhythm Automotive's parent company is investing close to $80 million in improvements in the plant including two massive, 300-tonne forge presses being built in Italy to develop a high-capacity aluminum forging line.

IKO breaks ground on Brantford manufacturing facility

IKO, a worldwide leader in the roofing, waterproofing and insulation industries, officially broke ground on Friday, on its new extruded polystyrene insulation manufacturing facility in Brantford, Ont. The new 67,000-square-foot facility represents more than $45 million in investment.

First flights taking off from Montreal's revamped airport

An inauguration ceremony at the airport's newly built terminal in Longueuil, Que., will mark the start of regular commercial operations, highlighted by the arrival of a Porter aircraft receiving a water salute from airport firefighters — a tradition in the industry. 

Moving Waldo acquires competitors MoveMate, Gvota

MovingWaldo, a Montreal-based online platform for comparing moving quotes and booking verified movers, has acquired competitors MoveMate.ca and Gvota.ca to become Canada’s leading digital moving platform. The acquisitions will allow MovingWaldo to service more people in major cities.

Future of Toys “R” Us stores unclear

Toys “R” Us Canada could soon see its brands, store leases and operating assets divided among separate buyers as the retailer moves toward court approval of transactions that leave the future of its remaining stores unclear.

Saskatchewan wants in on data centres — is it worth it?

AI data centres can cost more than $1 billion and consume excessive power. While developers say Canada must keep pace with demand, critics warn the facilities may create fewer jobs than promised while straining local water and power infrastructure.

14 states, many localities consider bans on data centres

Opposition to data centre development has intensified across the U.S. A fast-growing number of states and local governments have passed or are debating moratoriums on new data centres, threatening to further impede an industry already struggling to meet surging demand.

Sigma Healthcare withdraws from $10B Boots sale process

Sigma Healthcare Ltd. announced its withdrawal from the Boots sale process, after being among the parties exploring a potential acquisition of the British pharmacy chain in a deal that could be worth as much as US$10 billion.

Industry Events