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1 week ago | 
renxhomes.ca | Tyler Choi |John Dujay
Built Prefab buys Lake Country Modular to expand catalogue of homes After focusing on higher-end housing, acquisition expands catalogue to lower-priced models and into multifamily sector Business editor The two-storey Shannon model designed by Lake Country. (Courtesy Built Prefab)Kelowna, B.C.-based modular housing company Built Prefab has acquired another local firm, Lake Country Modular Homes, to increase its catalogue of prebuilt offerings and expand into multifamily housing.
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1 month ago | 
sustainablebiz.ca | Tyler Choi |John Dujay
Rooftop and indoor farming company Lufa Farms is expanding sales to Ottawa, a move aimed at offering residents of the nation's capital its sustainably grown produce and groceries. Ottawans can order or pick-up vegetables such as tomatoes, cucumbers, peppers and herbs grown in its five rooftop greenhouses and one indoor farm in Quebec. Also included are grocery products from Quebec, Ontario and the rest of Canada. Ottawa is Lufa’s first market outside its home province of Quebec.
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1 month ago | 
renx.ca | Steve McLean |Emma Caplan-Fisher |John Dujay |Mario Toneguzzi
As president and CEO of Choice Properties REIT, Rael Diamond oversees a portfolio of over 700 retail, industrial and mixed-use residential properties in Canada. Those assets combine to exceed 60 million square feet of gross leasable area, are worth approximately $17 billion, and also include a significant development and intensification pipeline. CHOICE is Canada's largest real estate investment trust by total portfolio GLA, number of properties and market capitalization.
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1 month ago | 
renx.ca | Mario Toneguzzi |Steve McLean |John Dujay |Danny Kucharsky
A class-A office tower in downtown Calgary which has basically sat vacant since 2019 is getting new life with the renovation of its two lower floors and new leases bringing tenants to 10 of its 37 storeys. 801 Seventh, formerly known as the Nexen building, recently went through a large-scale revitalization to transform it into a state-of-the-art, contemporary office destination.
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1 month ago | 
renx.ca | Steve McLean |Mario Toneguzzi |John Dujay |Danny Kucharsky
96-room downtown hotel to be converted to Canada's first Marriott The Luxury Collection property Commercial Transactions Toronto / GTA Sunray Group has acquired downtown Toronto’s Bisha Hotel from Lifetime Developments and INK Entertainment Group for an undisclosed price and will convert it into the first Canadian location for Marriott’s The Luxury Collection brand.
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1 month ago | 
renx.ca | Don Wilcox |John Dujay |Steve McLean
Caroline Vermette and Alexandre Roy have assumed senior executive positions with PSP Investments. (Courtesy PSP Investments)The Public Sector Pension Investment Board (PSP Investments) has appointed Caroline Vermette as senior vice-president and chief financial officer. PSP also said Alexandre Roy has been named senior vice-president and chief risk officer. Vermette joins PSP from National Bank of Canada, where she most recently served as senior vice-president, internal audit.
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1 month ago | 
renx.ca | Volodya Gusak |Danny Kucharsky |Steve McLean |John Dujay
Years ago, as a young immigrant in Canada, I lived in a rent-controlled apartment. It was cheap, sure – but cramped, with no dishwasher, no in-suite laundry, and noisy neighbours who partied like it was their full-time job. Yet my wife and I stayed longer than we wanted, tethered by the low rent. We thought it was a smart financial choice, but I’ve since wondered: what opportunities did we miss for the sake of those savings?
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2 months ago | 
renx.ca | Don Wilcox |John Dujay |Danny Kucharsky |Emma Caplan-Fisher
Commercial Executives National Extendicare (EXE-T) has appointed Donald Clow and Heather-Anne Irwin to its board of directors to fill out the existing term. Both directors' terms will expire at the next annual general meeting, when Clow and Irwin will then stand for election. The seniors' housing company also announced the retirement of Al Mawani from the board after seven years of service.
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2 months ago | 
renx.ca | Evan Duggan |Don Wilcox |Tyler Choi |John Dujay
McCarthy Properties, a homegrown Burnaby developer, is working on plans to build one of the Lower Mainland’s tallest towers in Metrotown, a neighbourhood the company sees as the city’s downtown core and the geographic heart of the region. McCarthy has developed and owned commercial buildings in and around Burnaby for decades after its founder John Jambor immigrated to Burnaby (via Quebec) from Slovakia between the first and second world wars.
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2 months ago | 
renxhomes.ca | Barbara Lawlor |John Dujay |Tyler Choi
The short answer to the question of whether there is a solution to our housing affordability situation is: Yes. The longer and more complicated answer is also yes: IF all three levels of government work together to help solve this crisis. Although the public and the media tend to blame this situation on homebuilders, this accusation is misplaced. Builders want to build more homes more quickly, but their hands are often tied by intricate networks of red tape.
