RENX A rare waterfront industrial development property has come on the market in Mission, B.C., offering 87 acres including one kilometre of Fraser River frontage. It offers some intriguing upside, should the buyer opt to up-zone the site to mixed-use.   ​Read More

RENX Americold Realty Trust (COLD-N) is ready to construct a new, 190,000 square foot cold-storage distribution centre at Port Saint John in New Brunswick to serve both Canadian and international clients.   ​Read More

RENX UPDATED: Vancouver-based real estate developer Wesbild has thrown in the towel and sold a prime North Vancouver industrial property after eight years of attempting to get approval for redevelopment and intensification of the site.   ​Read More

STOREYS From Etobicoke to Scarborough, unassuming parcels of land across the Greater Toronto Area are constantly being eyed up and targeted for housing development by the region's (and country's) array of industrious builders and developers. And as the City sees a steady stream of building applications, STOREYS is right there waiting to sift through architectural plans and planning rationales for the best and biggest (and coolest!) coming up across the region. Each month brings something different, from affordable housing to multi-tower luxury condos, but here are 10 stand-out submissions that were on our radar in the month of January. Union…

STOREYS Rental housing in Vancouver is becoming increasingly difficult to deliver, with development projects barely pencilling out for those developers who have the necessary capital, and a lot of other sites sitting on hold. Renters can only pay so much, and as rents go up and rates go down, the shift to condominiums will increasingly make more sense, says Daryl Simpson, President of Townline. As part of an industry panel discussion Simpson told the Urban Development Institute (UDI) at their annual luncheon recently that a lot of projects in Vancouver’s 500-block Broadway Plan won’t be realized. “I think right now…

STOREYS Despite what many headlines suggest about entering today’s Canadian condo market, now may be the perfect time to think bigger. It's no secret that the current new-home market has been slow, especially in urban centres like Toronto and Vancouver. If you have read my column before, you know that sales are down, and developers have pulled back on new construction. However, this shift in activity presents a unique opportunity — particularly in the realm of larger two- and three-bedroom condos. If you need some convincing, here are six reasons now may be the time to buy a bigger condo:…

STOREYS The Toronto Regional Real Estate Board (TRREB) released its Market Outlook and Year in Review report on Wednesday morning, and it paints a picture of a buyer-friendly 2025. According to the real estate board, a “well-supplied” market in the year ahead is expected to quell home prices in the Greater Toronto Area, keeping the annual growth rate below that of inflation. In its outlook, TRREB forecasts that the average selling price “for all home types combined” will reach $1,147,000 this year, which would mark a “moderate” rise of 2.6% over 2024. “Price growth will be more evident in the…

STOREYS After acquiring controlling stakes in the two properties from Vancouver-based developer Westbank last spring, Toronto-based Allied Properties REIT (TSX: AP.UN) has since acquired the remaining interest in both Deloitte Summit in Vancouver and Toronto House in Toronto, giving the REIT full control of both properties. Deloitte Summit is a 24-storey office tower located at 400 W Georgia Street (also known as 410 W Georgia Street) in the heart of downtown Vancouver, directly across the street from the central branch of the Vancouver Public Library. The property was fully owned by Westbank. Toronto House is a 57-storey mixed-use tower located…

STOREYS If 2025 is beginning to feel like a large and daunting question mark, you're not alone. From geopolitical conflict to economic uncertainty, there's plenty to keep a fretful eye on, especially as it relates to Canada's housing markets and real estate industry. In hopes of quelling (at least some of) this uncertainty, we're addressing some of the most pressing questions related to real estate right now by looking at what we do know to better understand how things might go as 2025 unfolds. 1. What will Trump’s presidency mean for Canadian housing? Let's get this out of the way,…

STOREYS [Editor's Note: This article was updated on February 5 to note that the proposal no longer includes a shared podium as described in the City report.] Just under two years after making the high-profile acquisition, Vancouver-based real estate developer Keltic Development has unveiled its redevelopment plans for the REVS Bowling site in Burnaby. The 4.3-acre site is located at 5502 Lougheed Highway, steps away from the Millennium Line SkyTrain's Holdom Station in the Brentwood neighbourhood and directly east of Boffo Development's Bassano master-planned community. The site has been home to REVS Bowling (formerly known as Brentwood Lanes) since the…