Real Estate News
Industry
Lenders Concerned About Owner Of Richmond Versante Hotel As Sales Process Stalls
Owned and operated by Michael Ching and Sunwins, the Versante Hotel at 8499 Bridgeport Road in Richmond became the subject of a foreclosure in January 2024.
Mar 14, 2025
Homes
37 & 38 Storeys Proposed For Lawrence Avenue East
The development would include 740 residential units ,as well as retail and medical offices.
Real Estate News
How Long Does It Take New Market-Rate Housing To Become Affordable?
Key factors in answering that question include the "filtering" effect of housing as well as construction timelines.
Development Projects
Gairloch And Fairway Propose 38 & 43 Storeys For Yonge-St. Clair
The chic new infill development would replace 12-single family homes with 706 housing units.
This Custom-Built Uxbridge Estate Exudes Modern Luxury
Tucked away on one of Uxbridge’s most coveted roads, a custom-built estate is serving a rare fusion of architectural excellence and resort-style luxury.
Industry
HCRA Denies Licence To Toronto Homebuilder With Links To Albion
A former director of Albion Building Consultant Inc. has been denied a building licence after applying under a numbered company, 9618759 Canada Inc.
Development Projects
Brivia Group To Pay $55M To Cut Social Housing From 60-Storey CURV In Vancouver
The CURV tower by Brivia Group is set to be one of the tallest towers in Vancouver and the tallest passive housing building in the world.
Industry
Inside Hudson's Bay's "Fully Intertwined" Relationship With RioCan
The Hudson's Bay Company filed for CCAA creditor protection last week and that creditor protection extends to its joint venture with RioCan REIT (TSX: REI.UN) as well.
Other (Canada)
Canada's Population Is Aging, Where Is Everyone Going To Live?
The Government of Canada projects that seniors will account for nearly one quarter of the overall population by 2040.
Policy
Toronto Looks To Defer DCs For “Stalled” Condo Projects With Affordable Units
It’s estimated that up to 3,000 condominium units can be moved through the development review pipeline with the proposed development charges deferral.
Office
Rize Alliance Moving On From The Grid Office Project In Vancouver
Local developer Rize Alliance acquired the Tim Hortons at 306 Terminal Avenue in Vancouver in 2007 and was planning a 10-storey office building.
Renting
Average Canadian Rent Reaches Lowest Point In Over 18 Months
“Apartment completions are currently running at record highs, while at the same time, population growth has slowed and the economy faces heightened risks due to a potential trade war with the US.”
Retail
All 96 Hudson's Bay Stores In Canada, The Landlords, And The Mortgages
The Hudson's Bay Company has said it intends to sell some of its stores and leases as part of its restructuring.
Retail
Hudson's Bay Facing $1.1B Debt, Granted Creditor Protection To Restructure
Canada's oldest retailer, the Hudson's Bay Company, filed for and was granted CCAA creditor protection on March 7.
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