Industry
Real Estate News
Ashcroft Homes Denied After Attempting To Discharge Ottawa Receivership
The Ottawa-based developer secured new financing to clear $6.5M in debt and climb out of receivership in mid-September, but was ultimately denied in late-November.
Dec 06, 2024
Industry
Inside The Ongoing Battle Between Peterson & Create Properties Over Burnaby Lake Village
An ongoing dispute between Peterson Group and Create Properties resulted in the Burnaby Lake Village project being placed under creditor protection in November.
Appointment Notices
BC Real Estate And Development Industry Hires And Promotions: November 2024
Troika Management Corp welcomed two new executives, while Bosa Properties hired two people for their development team and promoted two people on their accounting team.
Appointment Notices
Ontario Real Estate And Development Industry Hires And Promotions: November 2024
Notable appointments include Simon Holmes being appointed as Chief Investment Officer for BGO Canada and Brynn Nheiley starting as Executive Director at Sustainable Buildings Canada.
Tudor-Style North Saanich Estate In BC Hits Market For $2.4M
The beautiful home sits at 1345 Readings Drive in North Saanich, located on Vancouver Island in British Columbia.
Industry
Peterson & Create Properties At Odds, Facing $207M Debt On Burnaby Lake Village
The 14-building Burnaby Lake Village project by Peterson Group and Create Properties has been placed under CCAA creditor protection by RBC.
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.
Industry
Another Ashcroft Homes Property In Receivership Over $80M Debt
A receivership application was filed following construction setbacks and litigations with the City of Ottawa that added overwhelming costs to the Orleans subdivision project.
Industry
Northstar Development To Buy QRD Met Project Under Receivership For $11.6M
Quarry Rock Developments was planning a mixed-use project called The Met at 2245 McAllister Avenue in Port Coquitlam.
Industry
Ana Bailão On Affordable Housing Strategies For Toronto
Amid the housing crisis, access to affordable housing in Toronto continues to be a central issue for many Torontonians as governments, non-profits, and the private sector work to realize effective housing solutions. But there is still much to be done.
Real Estate News
On National Housing Day, A Look Back At The Initiatives That Defined The Past Year
Defined as “a day dedicated to raising awareness about housing and homelessness,” National Housing Day 2024 is a good time to reflect on the fact that importance is being put on restoring housing affordability and stability for Canadians — an indisputably tall order.
Industry
What BC Developers Really Think About Another NDP Term
One of BC’s top developers made waves in the last days of the provincial election campaign by urging everyone to vote BC Conservative in order to end an NDP regime headed by Premier David Eby that he called a blight on the economy and more.
Industry
Duck Island, Home Of Richmond Night Market, Subject Of $90M Foreclosure
Duck Island, located along the Fraser River and leased to the Richmond Night Market, was set for redevelopment by Jingon International Development Group.
Industry
“A Paradigm Shift”: In A Unique Real Estate Market, This Firm Is Ahead Of The Curve
Elysium Investments deviates from the hyper-competitive, “dog-eat-dog” nature of new development in favour of a strategy called “collective serendipity,” where sellers are treated like joint-venture partners.
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