Finance

Boardwalk REIT, Desjardins Form $292M Western Canada Multi-Family JV
REITs & Institutions

Boardwalk REIT, Desjardins Form $292M Western Canada Multi-Family JV

​The joint venture is a 50/50 partnership between Boardwalk REIT (TSX: BEI.UN) and Desjardins Global Asset Management (DGAM) with an initial portfolio of 4 assets.

REITs & Institutions

Crombie REIT Buys Safeway At South Surrey's Ocean Park Shopping Centre For $12.7M

The property has been classified under the REIT’s “income-producing” strategy — as opposed to the “redevelopment” strategy — though Crombie REIT is in the process of redeveloping multiple Safeways across Metro Vancouver.

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.

REITs & Institutions

H&R REIT To Be Acquired In $6.7-Billion Deal With GO Residential

​The buyer group includes GO REIT, Blackstone Real Estate, Crestpoint Real Estate Investments, PSP Investments, and CRAL.

Economy

Bank Of Canada Holds Interest Rate At 2.25% In July

​Policymakers say the economy is starting to turn a corner after a rough stretch shaped by tariffs, elevated uncertainty, and slower population growth.

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.

Taxes

Toronto Slashing DCs By Up To 60% As Ontario Municipalities Sit On Billions In Reserves

A report says Ontario municipalities are accumulating DCs faster than they are spending them, putting a damper on housing construction and leaving governments to rethink how growth is funded.

Economy

Bank Of Canada Holds Interest Rate At 2.25%

Middle East conflict, elevated oil prices, and persistent trade uncertainty cloud the near-term outlook.

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.

Mortgages

TD Introduces Agentic AI To Mortgage And HELOC Application Reviews

​TD Bank says this is a first step towards "an end-to-end transformation of its Real Estate Secured Lending (RESL) operations."

Mortgages

How The Strait Of Hormuz Closure Is Impacting Your Mortgage Rate

In a world that runs largely on fossil fuels, almost everything stands to be impacted by an oil shortage of this size. One seemingly unlikely victim? Mortgage rates.

Real Estate News

RioCan To Sell 50% Stake In 592-Unit 'FourFifty The Well' Rental Tower

​RioCan REIT continues to sell its RioCan Living rental portfolio; sales have also been secured for Bellevue Phase One and Two in Montreal.

Economy

Bank Of Canada Holds Rate At 2.25% As Housing Activity Stays Muted

Trade uncertainty, a soft labour market, and affordability pressures are cited as headwinds for the housing sector.