Canadian Commercial Real Estate News Coverage

The Bayrock Terrace project planned for 3000 Henry Street in Port Moody, British Columbia.

Multifamily

Port Moody Bayrock Terrace Project Under Receivership Finds Buyer

The Bayrock Terrace project was being planned for 3000 Henry Street in Port Moody by Aultrust Financing before it was placed under receivership by KingSett Capital in July.

The Auberry project planned for 463 W 59th Avenue in Vancouver.

Multifamily

Foreclosed Auberry Project In Vancouver By iFortune Homes Sold For $16.5M

iFortune Homes was planning a project called Auberry at 463 W 59th Avenue in Vancouver before foreclosure proceedings were initiated in April 2024.

A rendering of the Elm41 project planned for 2465 W 41st Avenue in Vancouver.

Multifamily

Landa Global Buys Foreclosed Vancouver Elm41 Project By iFortune For $14M

iFortune Homes was planning a project called Elm41 at 2465 W 41st Avennue in Vancouver before foreclosure proceedings were initiated in August 2023.

The Vista Heights office complex at 1925 & 1933 18th Avenue NE in Calgary.

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Listed Commercial

Vista Heights Office Complex In Calgary Under Receivership Listed By CBRE

The Vista Heights office complex sits at 1925 & 1933 18th Avenue NE in Calgary and was placed under receivership in August 2024.

Living Realty And Keller Williams Announce History-Making Partnership

The affiliation between Living Realty, Inc. and Keller Williams Realty, Inc. marks the largest independent company to join a franchise in industry history.

The First Canadian Centre at 350 7 Ave SW in Calgary.

Office

Armco Buys First Canadian Centre In Calgary For $46.5M, Planning Second Tower

The First Canadian Centre sits at 350 7 Ave SW in Calgary and was acquired by G2S2 Capital Inc. through Armco Capital Inc.

Lonsdale Square at 126 E 21st Street in North Vancouver.

Multifamily

Minto REIT Buys 50% Stake In Lonsdale Square, Entering Metro Vancouver Market

Lonsdale Square is 113-unit rental building located at 126 E 21st Street in North Vancouver that Minto Apartments developed with Darwin Construction.

100 Forester Street in the District of North Vancouver.

Commercial

The Top 10 Metro Vancouver Development Land Deals In 2024

This was a very challenging year for many, but some deals were still able to come together in part due to distressed sales.

4026 Quadra Street in Victoria, British Columbia.

Multifamily

Starlight Buys Victoria Property Under Receivership For $23.5M After Bidding War

The 87-unit rental building at 4026 Quadra Street in Victoria was previously owned by Asfar Holdings Ltd. when it was placed under receivership in March.

Strada at 555 College Street in Toronto.

Multifamily

RioCan & Allied Sell 8-Storey Strada In Toronto To CAPREIT For $48M

The 8-storey Strada at 555 College Street in Toronto was developed in 2021 by RioCan and Allied Properties REIT.

Retail

Tokyo Smoke Exits Creditor Protection, Most Locations Unaffected By Restructuring

“The majority of Tokyo Smoke's retail locations were unaffected by the restructuring, and there will be no disruption or change to the Company's online business.”

The commercial podium of Highline Metrotown at 6511 Sussex Avenue in Burnaby.

Industry

Thind Sells Hotel Component At 48-Storey Highline Metrotown For $47.2M

The hotel will be known as Hyatt Place Metrotown and be housed in the 10-storey building podium of Thind's Highline tower in Burnaby.

oval brown wooden conference table and chairs inside conference room

Policy

Regulatory Change That Could Speed Up Office Conversions Proposed After Ford Government Voted Bill Down

Bill 102, The Commercial to Residential Conversion Act, 2024, was tabled by Liberal MPP Karen McCrimmon in May in response to high office building vacancies in Ontario.

Office

City Of Burnaby Pays $65M For Metrotown Place Office Towers Under Receivership

The Metrotown Place office towers at 4330 Kingsway and 5945 Kathleen Avenue in Burnaby were owned by Slate Asset Management when it was placed under receivership.

Commercial

​The Bayrock Terrace project was being planned for 3000 Henry Street in Port Moody by Aultrust Financing before it was placed under receivership by KingSett Capital in July.

​iFortune Homes was planning a project called Auberry at 463 W 59th Avenue in Vancouver before foreclosure proceedings were initiated in April 2024.

iFortune Homes was planning a project called Elm41 at 2465 W 41st Avennue in Vancouver before foreclosure proceedings were initiated in August 2023.

​The Vista Heights office complex sits at 1925 & 1933 18th Avenue NE in Calgary and was placed under receivership in August 2024.

The affiliation between Living Realty, Inc. and Keller Williams Realty, Inc. marks the largest independent company to join a franchise in industry history.

​The First Canadian Centre sits at 350 7 Ave SW in Calgary and was acquired by G2S2 Capital Inc. through Armco Capital Inc.

​Lonsdale Square is 113-unit rental building located at 126 E 21st Street in North Vancouver that Minto Apartments developed with Darwin Construction.

This was a very challenging year for many, but some deals were still able to come together in part due to distressed sales.

​The 87-unit rental building at 4026 Quadra Street in Victoria was previously owned by Asfar Holdings Ltd. when it was placed under receivership in March.

The 8-storey Strada at 555 College Street in Toronto was developed in 2021 by RioCan and Allied Properties REIT.

“The majority of Tokyo Smoke's retail locations were unaffected by the restructuring, and there will be no disruption or change to the Company's online business.”

The hotel will be known as Hyatt Place Metrotown and be housed in the 10-storey building podium of Thind's Highline tower in Burnaby.

Bill 102, The Commercial to Residential Conversion Act, 2024, was tabled by Liberal MPP Karen McCrimmon in May in response to high office building vacancies in Ontario.

​The Metrotown Place office towers at 4330 Kingsway and 5945 Kathleen Avenue in Burnaby were owned by Slate Asset Management when it was placed under receivership.

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The Bayrock Terrace project was being planned for 3000 Henry Street in Port Moody by Aultrust Financing before it was placed under receivership by KingSett Capital in July.

iFortune Homes was planning a project called Auberry at 463 W 59th Avenue in Vancouver before foreclosure proceedings were initiated in April 2024.

The Vista Heights office complex sits at 1925 & 1933 18th Avenue NE in Calgary and was placed under receivership in August 2024.

The First Canadian Centre sits at 350 7 Ave SW in Calgary and was acquired by G2S2 Capital Inc. through Armco Capital Inc.

Lonsdale Square is 113-unit rental building located at 126 E 21st Street in North Vancouver that Minto Apartments developed with Darwin Construction.

The 87-unit rental building at 4026 Quadra Street in Victoria was previously owned by Asfar Holdings Ltd. when it was placed under receivership in March.

The Metrotown Place office towers at 4330 Kingsway and 5945 Kathleen Avenue in Burnaby were owned by Slate Asset Management when it was placed under receivership.