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WEBSep 17, 2011 — Real Estate News Exchange (RENX) c/o Squall Inc. P.O. Box 1484, Stn. B Ottawa, Ontario, K1P 5P6 [email protected] Canada: 1-855-569-6300
Rester completes ELAD Canada purchase for up to $528M
WEBJun 2, 2021 — Rester Management has completed its acquisition of ELAD Canada for a price that could reach $528 million, including future payments and earnouts which are part of the sale agreement.. A Wednesday morning release issued by ELAD said $342 million has been paid by Rester to the previous owner of ELAD, Israeli-based ELAD Group.
Development financing continues despite COVID-19: Canada ICI
WEBMay 27, 2020 — Canada ICI Capital Corporation was established by Dale Klein in 1993 as a boutique mortgage origination firm and has since been involved with funding transactions worth more than $20 billion.. However, it wasn’t until very recently that it had to broker a major loan in the midst of an economic shutdown fuelled by government actions aimed at curtailing the spread of the COVID-19 virus.
5 major Canadian housing REITs launch ForAffordable.ca
WEBNov 15, 2022 — CAPREIT president and CEO Mark Kenney. (Courtesy CAPREIT) In the face of a federal government plan to re-examine the tax treatment of real estate investment trusts (REITs), and economic conditions which make it increasingly challenging to build affordable housing in major urban markets, five of Canada’s largest residential owners/operators have launched ForAffordable.ca.
Ontario's property tax system is getting increasingly complex
WEBMar 15, 2024 — The property tax assessment cycle in Ontario has doubled in length; 2024 marks the eighth year of what was originally a four-year cycle. Much has been made of the impact of the reassessment delay on the increased complexity of the property tax assessment appeal system.
Small 2022 gain for MSCI/REALPAC Canadian Property Index
WEBFeb 10, 2023 — REALPAC chief executive officer Michael Brooks. (Courtesy REALPAC) The roller-coaster ride continues for the MSCI/Real Property Association of Canada (REALPAC) Canadian Property Index. After plunging due to COVID-19 in 2020 and making a solid recovery in 2021, the 2022 results showed only a small overall return.
Huge Downsview Airport redevelopment gets a name: YZD
WEBAug 20, 2024 — Toronto’s largest redevelopment property has a new name: Northcrest Developments has selected YZD as the branding for the series of communities it is developing on the 370-acre former Downsview Airport lands. YZD is the call sign by which the former Toronto airport was known in aviation circles, and was selected to pay homage to the site’s history.
Ahmed Group sees opportunity in Mississauga, plans Dundas towers
WEBJul 21, 2022 — Ahmed Group of Companies, a family-owned real estate investment firm, has launched its latest proposal for a purpose-built rental development in Mississauga as the company continues to expand its reach in the multiresidential market. President and CEO Moe Ahmed told
L Catterton joins Carbonleo’s $1.7B Montreal Royalmount project
WEBJun 12, 2018 — International private equity investor L Catterton Real Estate is buying into Royalmount, a $1.7-billion mixed-use business and entertainment district by Carbonleo on the Island of Montreal. L Catterton Real Estate (LCRE) is the real estate investment and development arm of L Catterton, the
CAPREIT acquires $281M Montreal-area apartment portfolio
WEBMar 8, 2022 — Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has paid $281 million to acquire six luxury modern, recently constructed apartment buildings in Greater Montréal.. CAPREIT has also recently acquired two properties in Victoria and Kelowna for $36.7 million.The Quebec portfolio comprises 516 residential suites including 44 bachelor, 236 one-bedroom, 211 two-bedroom and 25 ...