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UDCS secures $320M financing to expand GTA data centres
UDCS secures $320M financing to expand GTA data centres
Urbacon Data Centre Solutions (UDCS) has completed a $320-million financing to accelerate the development of its DC4, DC5 and DC6 data centres at the Barker Business Park Digital Campus in Richmond Hill, just north of Toronto.
CAPREIT sells Van.'s International Plaza to Nch’ḵay̓: $54.2M
CAPREIT (CAR-UN-T) has sold its land lease interest in the International Plaza apartment complex in North Vancouver to Nch’ḵay̓ Development Corp., for $54.2 million.
GTA multifamily sales to remain strong through 2025: CBRE
Multifamily transaction volume in the Greater Toronto Area (GTA) was $2.4 billion in 2024 and brokers are forecasting a strong finish to 2025, that could see investment activity match or surpass that figure.
 | The People Space Smith becomes CEO at RealServus: Promotions at DesjardinsDon WilcoxManaging Editor, RENX |
Investors stuck paying fees at funds that halted redemptions
As Canada’s real estate development crisis deepens, a growing number of retail investors are trapped in struggling funds that lend to construction projects or invest in commercial assets – unable to sell, but required to keep paying annual management fees.
9 condo projects cancelled this year in Toronto
A report from the Canada Mortgage and Housing Corporation (CMHC) this week highlights a continuing slump in condo construction in Toronto. Meanwhile, real estate consulting firm Urbanation has tracked nine cancelled projects in the city so far this year.
Downtown offices drop most in value as Montreal RE rises
Properties across the island of Montreal are seeing an overall increase in their assessments for property tax of 12.2 per cent, with the notable exception of office buildings, according to the new three-year valuation roll unveiled on Wednesday.
Land value up 30% at former Northvolt site
The Northvolt debacle hasn't stopped the land that was to house its $7B mega-factory from increasing in value. The site, which could end up in the hands of the Quebec government, is valued at at least $315M.
Ottawa’s Housing Accelerator Fund scores big in Alberta
Recently recognized as top-performing communities by Canada Mortgage and Housing Corp., Calgary and Edmonton epitomize the success of the Housing Accelerator Fund, a federal incentive program launched in the spring of 2023 to bolster the supply of housing.
UBC to build replacement rental building
The City of Kelowna and the University of British Columbia have announced a partnership to build a below-market housing apartment building, after more than 80 tenants were displaced from their homes due to structural damage near the campus last year.
Toronto tower proposal is 4 times as tall as last plan
A long-dead proposal from Kindred Works to redevelop a heritage church property in Toronto has resurfaced, only much larger than what was originally planned. It would see a tower rise to 48 storeys on Sherbourne Street, reshaping the local skyline.
38-storey infill residential proposed in St. James Town
Greatwise Developments has submitted plans for a 38-storey mixed-use tower at 77 Howard St. in Toronto’s St. James Town neighbourhood. Designed by Arcadis, the infill building would rise beside a new public park.
Zoning changes before council for Guelph redevelopment
First Capital is moving forward with development plans that could lead to a major overhaul of a Guelph retail plaza in the next 10 years. The proposal is for four mixed-use buildings comprising 715 dwelling units.
Lee Valley Tools unveiling new flagship store in Pickering
Lee Valley Tools, the Canadian, family-owned retailer, will unveil its 19th location Saturday in Pickering. The flagship store is located just off Highway 401 at 1755 Pickering Pkwy. and marks the brand’s return to the eastern GTA.
Real estate podcasts
Abi Thava, mortgage agent: Let's talk mortgages, Building Success
Julian Schonfeldt, CAPREIT: Unlocking Housing Supply in Mississauga, CRE Podcast
Canada’s housing market has cracked wide open, Vancouver Life RE
OTPP and Sagard acquire industrial facility in Houston
Sagard Real Estate and Ontario Teachers' Pension Plan (OTPP) have completed the acquisition of a 163,402 square-foot industrial facility in Houston, Tex. The transaction marks OTPP's first industrial acquisition in the U.S. and the launch of a partnership with Sagard.
Brookfield CEO Bruce Flatt bullish on New York real estate rebound
There are no major office buildings under construction in New York City and few in London, a rare event that Brookfield Asset Management CEO Bruce Flatt takes as a sign it’s a good time to be investing in real estate.
Starwood REIT to secure $1B debt package
Starwood Real Estate Income Trust will receive a debt package of more than US$1 billion for an 8.2 million-square-foot industrial portfolio encompassing 55 assets across five states, according to both Fitch and KBRA credit rating reports.
NAIOP joins RE groups changing names in attempt to broaden reach
What's in a name? That question is prompting some rebranding for commercial real estate trade groups. One of the industry's most prominent trade groups said it's changing its name to appeal to a broader constituency.
U.K. beats U.S. for cross-border investment: Offices lead way
The U.K. office sector is helping to drive a rebound in European real estate flows amid a cautious transaction market, Colliers said in its first-half Global Capital Flows report. The U.K. was the top global destination for cross-border capital.
Industry Events
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Montréal du Futur
Sep 24 2025
to Sep 29 2025
World Trade Centre of Montreal
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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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Saskatchewan Real Estate Forum
Oct 16 2025
TCU Place, Saskatoon
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Toronto Real Estate Forum
Dec 03 2025
to Dec 04 2025
Metro Toronto Convention Centre, Toronto
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