True North Real Estate Development and the Southern Chiefs’ Organization plan to work together on their respective efforts to redevelop large structures in downtown Winnipeg, multiple sources have told CBC News.
The real-estate arm of the company that owns the Winnipeg Jets and the organization representing 34 Anishinaabe and Dakota First Nations in southern Manitoba plan to sign a memorandum of understanding on Tuesday about co-ordinating their downtown Winnipeg revitalization efforts, the sources say.
True North is conducting due diligence on a proposed $550-million redevelopment of Portage Place mall that would turn it into a downtown campus with a health-care tower, residential housing and community centres.
The SCO is in the midst of transforming the former Bay building into Wehwehneh Bahgahkinahgohn — “It is visible” in Anishinaabemowin — a mixed-use project that also includes health-care and residential components. The SCO initially pegged the cost of the project at $130 million.
The two parties have been hinting at working together since spring, when True North went public with its plans to purchase Portage Place, the land below the mall and the rights to build towers above it.
“I think that could be a great space for downtown and create more vibrancy, and I think that the community downtown needs more investment, and I think it’s going to be a good thing,” SCO Grand Chief Jerry Daniels said during an interview in April.
At the time, Daniels did not say the two entities would work together. That relationship has since evolved, True North Real Estate president Jim Ludlow said in November, after his company asked for six more months to conduct its due diligence on the mall purchase.
“I think both projects are catalysts for the other. We’ve spent more time since May analyzing and looking at Portage Place, and I think that the more we look at it, the more we see that these projects both have to proceed essentially in lockstep,” Ludlow said in an interview.
“I think they’re equally important and I think both organizations, as we have evolved together in our thinking, would be encouraging the other and then encouraging our respective public partners for joint success.”
Sources say officials from True North, the SCO, the provincial government and the City of Winnipeg will attend a signing ceremony slated for Portage Place on Tuesday.
Two sources said David Thomson, a partner in True North through his real-estate firm Osmington Inc., will be in Winnipeg on Tuesday as well.
True North and SCO did not respond to requests for comment Sunday.
On Monday, True North announced it “will be joined by key partners” on Tuesday and will “provide an update on central pillars of the Portage Place redevelopment, new partnerships, and next steps to ensure a purposeful and synergized plan to materially improve the health of Winnipeg’s downtown.”
True North Real Estate’s proposed redevelopment of Portage Place calls for the removal of the atrium at the centre of what’s now a mall. (Architecture 49/True North Real Estate Development)
Winnipeg’s mayor and Manitoba’s premier say they are excited to learn the details.
“The concept of everyone working together and co-ordinating is essential for us to be successful downtown,” Mayor Scott Gillingham said at city hall on Monday.
“To see that True North and Southern Chiefs’ Organization are on the verge of announcing how they’re going to work together in a good way is certainly something I’m happy to see,” said Premier Wab Kinew, also speaking at city hall.
The SCO’s plans for Wehwehneh include 300 affordable housing units for elders and university students, a Hudson’s Bay Company museum and two restaurants, including a reopened Paddlewheel, which may be moved from its former perch on the sixth floor to the second floor.
There are also plans for an art gallery, office space for Indigenous entrepreneurs, a health centre, a child-care facility, a seniors centre, a new seat of government for the SCO and a memorial for residential school victims and survivors.
True North’s plan for Portage Place calls for a medical tower to rise above what’s now the east side of the mall, with a residential tower to be built above the west.
The plan also calls for the glass-enclosed atrium at Edmonton Street to be dismantled, while the middle of the mall would be converted into community centres, offices for community organizations and a small amount of space for retail and food services.
MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.
Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.
Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.
She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.
The two brokers were suspended in May 2023 after La Presse published an article about their practices.
One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.
This report by The Canadian Press was first published Sept. 11, 2024.
MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 9.3 per cent in August compared with the same month last year, with levels slightly higher than the historical average for this time of year.
The association says home sales in the region totalled 2,991 for the month, up from 2,737 in August 2023.
The median price for all housing types was up year-over-year, led by a six per cent increase for the price of a plex at $763,000 last month.
The median price for a single-family home rose 5.2 per cent to $590,000 and the median price for a condominium rose 4.4 per cent to $407,100.
QPAREB market analysis director Charles Brant says the strength of the Montreal resale market contrasts with declines in many other Canadian cities struggling with higher levels of household debt, lower savings and diminishing purchasing power.
Active listings for August jumped 18 per cent compared with a year earlier to 17,200, while new listings rose 1.7 per cent to 4,840.
This report by The Canadian Press was first published Sept. 6, 2024.
In the quest to find cities where renters can enjoy the best of all worlds, a recent study analyzed 24 metrics across three key categories—Housing & Economy, Quality of Life, and Community. The study ranked the 100 largest cities in Canada to determine which ones offer the most to their renters.
Here are the top 10 cities that emerged as the best for renters in 2024:
St. John’s, NL
St. John’s, Newfoundland and Labrador, stand out as the top city for renters in Canada for 2024. Known for its vibrant cultural scene, stunning natural beauty, and welcoming community, St. John’s offers an exceptional quality of life. The city boasts affordable housing, a robust economy, and low unemployment rates, making it an attractive option for those seeking a balanced and enriching living experience. Its rich history, picturesque harbour, and dynamic arts scene further enhance its appeal, ensuring that renters can enjoy both comfort and excitement in this charming coastal city.
Sherbrooke, QC
Sherbrooke, Quebec, emerges as a leading city for renters in Canada for 2024, offering a blend of affordability and quality of life. Nestled in the heart of the Eastern Townships, Sherbrooke is known for its picturesque landscapes, vibrant cultural scene, and strong community spirit. The city provides affordable rental options, low living costs, and a thriving local economy, making it an ideal destination for those seeking both comfort and economic stability. With its rich history, numerous parks, and dynamic arts and education sectors, Sherbrooke presents an inviting environment for renters looking for a well-rounded lifestyle.
Québec City, QC
Québec City, the capital of Quebec, stands out as a premier destination for renters in Canada for 2024. Known for its rich history, stunning architecture, and vibrant cultural heritage, this city offers an exceptional quality of life. Renters benefit from affordable housing, excellent public services, and a robust economy. The city’s charming streets, historic sites, and diverse culinary scene provide a unique living experience. With top-notch education institutions, numerous parks, and a strong sense of community, Québec City is an ideal choice for those seeking a dynamic and fulfilling lifestyle.
Trois-Rivières, QC
Trois-Rivières, nestled between Montreal and Quebec City, emerges as a top choice for renters in Canada. This historic city, known for its picturesque riverside views and rich cultural scene, offers an appealing blend of affordability and quality of life. Renters in Trois-Rivières enjoy reasonable housing costs, a low unemployment rate, and a vibrant community atmosphere. The city’s well-preserved historic sites, bustling arts community, and excellent educational institutions make it an attractive destination for those seeking a balanced and enriching lifestyle.
Saguenay, QC
Saguenay, located in the stunning Saguenay–Lac-Saint-Jean region of Quebec, is a prime destination for renters seeking affordable living amidst breathtaking natural beauty. Known for its picturesque fjords and vibrant cultural scene, Saguenay offers residents a high quality of life with lower housing costs compared to major urban centers. The city boasts a strong sense of community, excellent recreational opportunities, and a growing economy. For those looking to combine affordability with a rich cultural and natural environment, Saguenay stands out as an ideal choice.
Granby, QC
Granby, nestled in the heart of Quebec’s Eastern Townships, offers renters a delightful blend of small-town charm and ample opportunities. Known for its beautiful parks, vibrant cultural scene, and family-friendly environment, Granby provides an exceptional quality of life. The city’s affordable housing market and strong sense of community make it an attractive option for those seeking a peaceful yet dynamic place to live. With its renowned zoo, bustling downtown, and numerous outdoor activities, Granby is a hidden gem that caters to a diverse range of lifestyles.
Fredericton, NB
Fredericton, the capital city of New Brunswick, offers renters a harmonious blend of historical charm and modern amenities. Known for its vibrant arts scene, beautiful riverfront, and welcoming community, Fredericton provides an excellent quality of life. The city boasts affordable housing options, scenic parks, and a strong educational presence with institutions like the University of New Brunswick. Its rich cultural heritage, coupled with a thriving local economy, makes Fredericton an attractive destination for those seeking a balanced and fulfilling lifestyle.
Saint John, NB
Saint John, New Brunswick’s largest city, is a coastal gem known for its stunning waterfront and rich heritage. Nestled on the Bay of Fundy, it offers renters an affordable cost of living with a unique blend of historic architecture and modern conveniences. The city’s vibrant uptown area is bustling with shops, restaurants, and cultural attractions, while its scenic parks and outdoor spaces provide ample opportunities for recreation. Saint John’s strong sense of community and economic growth make it an inviting place for those looking to enjoy both urban and natural beauty.
Saint-Hyacinthe, QC
Saint-Hyacinthe, located in the Montérégie region of Quebec, is a vibrant city known for its strong agricultural roots and innovative spirit. Often referred to as the “Agricultural Technopolis,” it is home to numerous research centers and educational institutions. Renters in Saint-Hyacinthe benefit from a high quality of life with access to excellent local amenities, including parks, cultural events, and a thriving local food scene. The city’s affordable housing and close-knit community atmosphere make it an attractive option for those seeking a balanced and enriching lifestyle.
Lévis, QC
Lévis, located on the southern shore of the St. Lawrence River across from Quebec City, offers a unique blend of historical charm and modern conveniences. Known for its picturesque views and well-preserved heritage sites, Lévis is a city where history meets contemporary living. Residents enjoy a high quality of life with excellent public services, green spaces, and cultural activities. The city’s affordable housing options and strong sense of community make it a desirable place for renters looking for both tranquility and easy access to urban amenities.
This category looked at factors such as average rent, housing costs, rental availability, and unemployment rates. Québec stood out with 10 cities ranking at the top, demonstrating strong economic stability and affordable housing options, which are critical for renters looking for cost-effective living conditions.
Québec again led the pack in this category, with five cities in the top 10. Ontario followed closely with three cities. British Columbia excelled in walkability, with four cities achieving the highest walk scores, while Caledon topped the list for its extensive green spaces. These factors contribute significantly to the overall quality of life, making these cities attractive for renters.
Victoria, BC, emerged as the leader in this category due to its rich array of restaurants, museums, and educational institutions, offering a vibrant community life. St. John’s, NL, and Vancouver, BC, also ranked highly. Québec City, QC, and Lévis, QC, scored the highest in life satisfaction, reflecting a strong sense of community and well-being. Additionally, Saskatoon, SK, and Oshawa, ON, were noted for having residents with lower stress levels.
For a comprehensive view of the rankings and detailed interactive visuals, you can visit the full study by Point2Homes.
While no city can provide a perfect living experience for every renter, the cities highlighted in this study come remarkably close by excelling in key areas such as housing affordability, quality of life, and community engagement. These findings offer valuable insights for renters seeking the best places to live in Canada in 2024.
