REITs & Institutions

Allied Properties REIT Sells Dominion Square, 5 Other Toronto Assets For $123M

​Allied Properties REIT (TSX: AP.UN) has set a disposition target of approximately $500 million, and is about halfway to that target through two quarters.

Sold

Private 93-Acre Turnagain Island On BC's Sunshine Coast Sells For $13M

​The sale of Turnagain Island is the highest-value residential property transaction ever recorded on the Sunshine Coast, according Sotheby's International Realty Canada.

Development Projects

Sunray Group Buys North York Office Complex To Transform Into "Toronto Fortune Centre"

​Slate Office REIT owned 95 and 105 Moatfield Drive in North York, then sold the complex in 2022 to Visionary Holdings Inc., which ended up in receivership in 2024.

Development Projects

Toronto Townhouse Project With 65 Unsold Units Placed Under Creditor Protection

​At 1682 Victoria Park Avenue in North York, Solotex Group was planning a 147-unit townhouse project called Vic Towns. 65 units remain unsold.

Real Estate News

Burquitlam Rising: What Developers Saw (And See) In The Burgeoning Neighbourhood

​Evan Allegretto of Intracorp and Mike Mackay of Strand, both of which have multiple towers under construction in the area, discuss what drew them to Burquitlam.

Development Projects

OpenForm Redesigns Burnaby OpenRoad Honda Redevelopment, Shifts To Rental

​OpenForm Properties previously received approval for a 40-storey tower at 7211 Greenford Avenue in Burnaby, but has reduced the height.

Development Projects

Recently-Completed Manderley Condo In Toronto Placed Under Receivership

​Located at 1478-1496 Kingston Road in Birch Cliff, The Manderley by Nova Ridge Development Partners Inc. has 194 units, 70 of which are unsold.

REITs & Institutions

Axia Real Assets Bids $1.23B For Plaza Retail REIT

​Plaza Retail REIT says the bid from Axia Real Assets was unsolicited, and is now being considered by a special committee.

Development Projects

Grosvenor Ups Vancouver Mayfair West Master Plan To 2,600 Units

​A rezoning application for the Oakridge Transit Centre at 929 W 41st Avenue was approved in 2020, but is no longer viable, says Grosvenor.

Office

Trophy Office Assets Standing Out In More Ways Than One: Report

​The bifurcation between trophy assets and the rest of the pack is not just seen in leasing activity, but also sales activity.