Real Estate News Exchange

The Real Estate News Exchange (RENX) is a digital platform that offers news, insights, and analysis related to the Canadian real estate sector.

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Land values, development and distress in an uncertain economy

2 days ago | renx.ca | Steve McLean |Danny Kucharsky |Evan Duggan |Tyler Choi

CBRE's Casey Gallagher speaks during the land values presentation at the Land & Development conference in Toronto June 5. Other panel members were CoStar’s Carl Gomez; Avison Young’s Amy Erixon; Integral Strategic Real Estate’s Andrew Tong; and First National Financial LP’s Jeremy Wedgbury.
AIMCo appoints Sandra Lau to board of directors

3 days ago | renx.ca | Naama Blonder |Tyler Choi |Steve McLean

AIMCo appoints Sandra Lau to board of directors Sandra Lau has been appointed to the AIMCo board of directors. (Courtesy AIMCo)Alberta Investment Management Corporation (AIMCo) has appointed Sandra Lau to its board of directors for a three-year term. The board is being rebuilt after a management purge by the Alberta government last year.
Rasmussen moves to MedSpace Canada as president

4 days ago | renx.ca | Don Wilcox |Steve McLean

Rasmussen moves to MedSpace Canada as president Scott Rasmussen has been named president of MedSpace Canada. (Courtesy Colliers)Scott Rasmussen, who has spent virtually all of his 17-year career in various aspects of the life and health sciences real estate sector, has been named president of Toronto-based MedSpace Canada.
Groupe HD, Fondaction plan $425M project on 5-acre Montreal site

6 days ago | renx.ca | Steve McLean |Sarah Segal

A conceptual image of the property at 5600 Sherbrooke St. E. (Courtesy Groupe HD)Groupe HD and Fondaction have finalized a joint venture for the acquisition and development of a near-five-acre property in Montreal's Mercier–Hochelaga-Maisonneuve borough where they plan to deliver 1,200 homes through a multi-phased project. The site comprises over 210,000 square feet and is located at 5600 Sherbrooke St. E. Much of the property, which is also bordered by Chauveau Street, is currently vacant land.
The top amenities residents seek in rental housing

6 days ago | renx.ca | Sarah Segal |Steve McLean

Earlier this year, simplydbs embarked on a journey to discover what residents want in their rental homes. From suite layouts to lounges, we asked about 238 preferences. We also asked if, and how much, they were willing to pay for each preference. We got 1,500 responses from renters and owners across Canada resulting in 740,000 data points. We want to underline that this was a national study and the results speak to the overall trends.
More than retail: How culture-driven placemaking is picking up steam in CRE

1 week ago | renx.ca | Coralie Olson |Steve McLean |Evan Duggan

Northcrest Developments' YZD property at the former Downsview airport in Toronto. (Courtesy Northcrest)For a long time in commercial real estate, retail tenant strategies were seen as the primary foundation to placemaking, following the thinking if you build it, it will come.
Clifton Blake-Metropolitan Commercial Realty merge, become CB Metro

1 week ago | renx.ca | Steve McLean |Evan Duggan

KC Daya, the chief executive officer of Clifton Bake. (Courtesy Clifton Bake)Clifton Blake is a fully integrated real estate builder, operator, lender and asset manager with a global investor base spanning institutions, family offices, wealth managers and high-net-worth individuals. CB Metro brings to Clifton Blake an active broker network of more than 250 professionals and a track record of nearly 2,000 deals.
What’s stopping family housing development? Part II: It’s culture, not just cost

1 week ago | renx.ca | Naama Blonder |Steve McLean |Don Wilcox |Urban Designer

In Canada and much of North America, it’s culture that keeps families out of apartments. If we want to solve our housing crisis, we need to tackle this head-on. A Canadian ideal that no longer fitsFor generations, the single-family house has been the aspirational home for many Canadian families. It symbolizes independence, privacy and a piece of land to call your own. But this ideal is becoming harder to attain.
Les Miller to retire as CEO at Crown Realty Partners

1 week ago | renx.ca | Evan Duggan |Steve McLean

Crown Realty Partners managing partner and CEO Les Miller. (Courtesy Crown)Crown Realty Partners has announced that CEO and managing partner Les Miller plans to retire effective June 30, with several of the company’s senior executives stepping into expanded roles as he departs. "It has been an honour to lead Crown Realty Partners. I am incredibly proud of what we have accomplished together, and I have complete confidence in Emily, Jamie, and Scott to lead Crown to even greater heights.
The case for developing three-bedroom apartments

2 weeks ago | renx.ca | Derek Lobo |Steve McLean |Mario Toneguzzi |Don Wilcox

As Canada continues to face a worsening housing affordability crisis, developers, policymakers and industry leaders are searching for meaningful solutions that address both supply shortages and affordability challenges. One promising yet often overlooked strategy is the development of more three-bedroom, purpose-built rental (PBR) apartments. These larger units are not just for families anymore.