Multifamily
Development Projects
Bazis Buys Two-Tower Project From First Capital For $32M, Planning Third Tower
First Capital REIT (TSX: FCR.UN) has sold 895 Lawrence Avenue East in North York, where it was planning two towers. Bazis is now planning three towers for the site.
Apr 08, 2025
Multifamily
Boardwalk REIT Acquires Elbow 5 Eight Property In Calgary For $93M
The Elbow 5 Eight rental building is located at 730 58 Avenue SW in Calgary and was developed by Cove Properties.
Multifamily
Concert Properties Completes Seniors Housing Divestiture, Securing $334M
Over the past year, Concert has sold its four Tapestry seniors housing properties in BC and Ontario to Tridel, Fengate Asset Management, and Chartwell Retirement Residences.
Multifamily
Forum To Reposition Ottawa Student Housing Tower Under REIIF After $183M Purchase
Forum Asset Management is set to reposition ALMA @ ByWard Market Ottawa at 256 Rideau Street under its REIIF in Q3 2025.
This $5.2M Lake Simcoe Retreat Is The Ultimate Four-Season Escape
Situated just an hour from Toronto on a quiet private road in Innisfil, this spectacular custom-built home offers more than a retreat: it delivers an immersive escape.
REITs & Institutions
OTPP Sells Amica Seniors Housing Portfolio To US's Welltower REIT For $4.6B
The Ontario Teachers' Pension Plan is selling a portfolio of 47 properties owned under Amica Senior Lifestyles to Ohio-based Welltower REIT.
Commercial
Vancouver Hollywood Theatre & Residences Sold For $47.5M To Dayhu
The Hollywood Theatre and Hollywood Residences sit at 3123 and 3137 W Broadway in the Kitsilano neighbourhood of Vancouver.
Multifamily
Starlight & BGO Buy Pickering Rental For $127M In Largest Q4 Multi-Family Deal
Starlight Investments and BGO announced the acquisition of Fourteen75 in November, but did not disclose the purchase price.
Multifamily
CAPREIT Buys MacLaren In Edmonton, 43Twenty In Vancouver For $97.6M
The MacLaren is located at 10141 124 Street in Edmonton while 43Twenty is located at 4320 Slocan Street in Vancouver.
Commercial
Westbank Sells Remaining Stake In Deloitte Summit & Toronto House For $60.5M
Allied Properties REIT acquired stakes in Deloitte Summit and Toronto House from Westbank in March 2024, then acquired the remaining interest in December.
Multifamily
Brampton Development Site Planned For 3 Towers Sold Under Receivership
With over $10M in debt linked to the property by late 2023, the site was placed under receivership on February 8, 2024.
Multifamily
Landa Global To Buy Vancouver Modus Project Under Receivership For $10.6M
The Modus project planned for 7576 Granville Street in Vancouver was being built by Centred Developments before it was placed under receivership in May 2024.
Industry
Difficulties In China Force Aoyuan To Sell Projects In Vancouver, Toronto
The sales China Aoyuan Group has made are pertaining to The Grove and One Central in Metro Vancouver, and 120 Peter Street and M2M Condos in Greater Toronto.
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.
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