Finance

Toronto Could Face Higher Property Taxes As Feds Cut Refugee Support
Taxes

Toronto Could Face Higher Property Taxes As Feds Cut Refugee Support

The City's Canada-Ontario Housing Benefit allocation is being slashed by 60%, while funding through the Interim Housing Assistance Program will cover only 26% of this year's projected spend on sheltering asylum seekers.

Retail

RioCan Bids $141M To Buy Out Hudson's Bay JV From Georgian Mall, Oakville Place

RioCan contributed 50% stakes in the Georgian Mall and Oakville Place to the joint venture it formed with Hudson's Bay in 2015 and is now taking full ownership.

Finance

Where Every Big Bank Stands On Wednesday's Interest Rate Announcement

We could be looking at a quarter-point interest rate cut this week, but a strong inflation reading on Tuesday could change the name of the game.

Multifamily

CAPREIT Sells International Plaza In North Van To Squamish Nation For $54.2M

The International Plaza Apartments in North Vancouver sit on reserve land and the transaction brings the property back under Squamish Nation ownership.

Opinion

Op-Ed: The Bank Of Canada's Subtle Housing Warning

The message for Canadians is that rate policy will respond to economic fundamentals through a lens that explicitly considers housing inflation risks, writes Toronto-based real estate agent Cameron Levitt.

Listed Commercial

Brookfield Looks To Sell Retail Component Of Shangri-La Vancouver

Brookfield acquired the Shangri-La Vancouver from Westbank and Peterson earlier this year and is now moving to sell the retail component at 1121 Alberni Street.

Finance

Newly Launched Financing Model Makes It Easier To Access Your Home Equity

The Home Equity Partners Inc. has debuted a HESA model in Canada, giving GTA homeowners the opportunity to access flexible financing by tapping into their home’s value. The best part? It doesn't involve taking on debilitating debt.

Office

KingSett Capital Buys Pender Place Office Towers In Vancouver From CF & IMCO

​Cadillac Fairview and the Investment Management Corporation of Ontario put 700-750 W Pender Street on the market earlier this year.

Development Projects

OPTrust Buys Out Westbank From Sen̓áḵw Project By Squamish Nation

OPTrust previously held a stake in the first two phases of the landmark Sen̓áḵw project and has now acquired Westbank's stake in the project, increasing its stake to 50%.

Retail

RioCan Eyeing Buyout Of Hudson's Bay From Georgian Mall, Oakville Place

RioCan owns 50% of the Georgian Mall and Oakville Place, while the RioCan-Hudson's Bay joint venture owns the remaining 50%.

REITs & Institutions

Dream Residential REIT Acquired By US-Based Morgan Properties In $354M Deal

Dream Residential REIT (TSX: DRR.UN) announced it was undergoing a review earlier this year, which is now ending with an all-cash sale to Morgan Properties.