REMI

Industry News

Altus Group

Insights from Altus Group’s Q3 Vancouver market update

After a strong second quarter, investment activity in Vancouver eased for most sectors in Q3-2024, but the long-term outlook remains positive.
solo renters

Solo renters now outnumber solo homeowners

According to research from Point2Homes, solo renters make up over half of Canada’s one-person households, a trend led by Canadians aged 65 and up.
Leeds UK property

Starlight Investments continues UK expansion

Starlight Investments has acquired a 300-suite community currently under construction in Leeds, adding to it's growing UK portfolio.
Sean Fraser steps down from Cabinet

Sean Fraser is leaving cabinet

Housing Minister Sean Fraser joins a growing list of federal cabinet ministers who will be stepping down in 2025 ahead of the October federal election.
Arbo

Arbo at Downsview advances with key approvals

A future transit-oriented community called Arbo at Downsview is on the move with the recent approval of a draft plan of subdivision.
average rents

Average rents declined slightly in November

Average rents for vacant rental units in Canada declined in November 2024, marking a 15-month low, in a sign that affordability is improving.
CAPREIT

CAPREIT announces four acquisitions

CAPREIT recently acquired three new rental properties in Montreal and Toronto, with a fourth acquisition currently underway.
construction

Alberta forms construction codes working group

Alberta created a new working group to improve the province's construction codes to safely accelerate housing development.
cooling

Vancouver passes motion for multi-residential cooling solutions

Vancouver City Council passed a motion calling for the provincial government to address critical gaps in access to cooling.
Brownie Awards

Industry celebrates 25 years of the Brownie Awards

More than 300 attendees came together to recognize excellence in the remediation and revitalization of contaminated sites.
U.S. home builders decry new tariff threat

U.S. home builders decry new tariff threat

A 25 per cent tariff on Canadian imports would further erode housing affordability in the United States, warn advocates for that country’s residential development industry.
BGO, Starlight

BGO, Starlight acquire Pickering rental property

BGO and Starlight Investments have jointly acquired a newly developed multifamily residential property located in Pickering, Ontario.
Toronto Coach Terminal

A new vision for the old Toronto Coach Terminal site

The properties will be transformed into a mixed-income, mixed-use development.
red tape

Ontario announces measures to reduce red tape

New legislation proposed by the government aims to reduce red tape over several departments, including the Landlord and Tenant Board (LTB).
vancouver

Vancouver on track to meet housing targets in B.C.

Vancouver's development pipeline is expected to deliver a supply of new housing units that meets the provincial housing targets in the full five-year period.
The Library Parcel

Odenak breaks ground in Ottawa

Dream and partner Multifaith Housing Initiative held a ground-breaking event on November 15 to mark the start of construction on Odenak.
renter survey

Several national trends evident in renter survey

A new survey from Rentals.ca highlights several national trends reflecting an "evolving" rental landscape in Canada.