Apartment
Canadian Apartment Magazine
First Nations tapped as social housing suppliers
A proposed amendment to Vancouver's charter will convey the same development fee exemptions to First Nations' social housing projects that government and not-for-profit developers receive.
CondoBusiness
WELL evolves into residential communities
Minto Communities is the first developer in Canada to pilot the WELL for residential program, which sets out to create healthier homes.
CondoBusiness
Smart home technology draws fragmented feedback
A majority of surveyed residential owners and renters express openness to AI applications within their homes, but nearly a quarter of respondents are characterized as "wary and skeptical" about sharing data.
REMI Network
Myral Condominiums begins ascent in Longueuil
A tower on Montreal's South Shore will be the tallest residential project in the area.
Canadian Property Management
B.C. budget promises cost relief measures
B.C.'s 2024 budget introduces a 12-month electricity rebate, estimated at 4.6 per cent of annual consumption costs, and a six-year pause on property transfer tax for new purpose-built rental housing, beginning in 2025.
Canadian Apartment Magazine
Nova Scotia pledges modest housing spending
Nova Scotia announces it will build new public housing units with a 2024-25 funding commitment that equates to less than 1 per cent of the provincial capital plan.
CondoBusiness
Construction cost escalators still in play
Construction costs are generally highest in Vancouver across all multifamily categories, including low-, mid- and high-rise concrete buildings and low-rise wood-frame apartments up to six storeys.
Canadian Property Management
Investment shopping list considered for 2024
As more vendors and purchasers are expected to come to the market this year, Avison Young's sentiment data shows retail, multifamily and industrial assets are sought, while office is tapped for divestment.
Canadian Property Management
Investment returns show slipping values in 2023
Canadian investment returns for 2023 show retail improvement, industrial deceleration and continuing office value decline, as capital loss balances out income growth for a flat total return.
Canadian Property Management
Vancouver boasts all round lowest vacancy rates
Vancouver enjoys North America’s strongest demand across all asset types, ending 2023 with the lowest vacancy rates for industrial, office, multifamily and retail properties among 63 major urban markets.
Canadian Property Management
RioCan REIT marks 30 years as public company
RioCan founder and chairman, Edward Sonshine, and other members of the senior leadership team ushered in the TSX trading day, January 19th, in celebration of the REIT's 30th anniversary.
Canadian Property Management
Office conversion eases Ottawa’s Class B woes
More than 300,000 square feet of Class B office space has been withdrawn from Ottawa's downtown inventory as two separate commercial landlords pursue plans to replace it with rental housing.
Canadian Apartment Magazine
AB security deposits resume earning interest
Under the triggering formula in Alberta regulations, residential rental security deposits will resume earning interest in 2024 for the first time in 16 years.
Canadian Apartment Magazine
Interest rates subdue multifamily developers
Fallout from higher interest rates may continue to subdue multifamily development, but lenders express more confidence in prospects for new purpose-built rental and high-rise condominium projects next year.
Canadian Apartment Magazine
Saskatchewan backs secondary rental suites
A new incentive program will offer Saskatchewan homeowners up to $35,000 toward the costs of building a separate rental suite at their primary residence.
Canadian Apartment Magazine
Toronto looks to Calgary’s conversion recipe
Toronto Council’s planning and housing committee has adopted a motion urging a closer look at the office-to-residential conversion incentives that Calgary offers.
Canadian Apartment Magazine
GTA multifamily deals sag to single digits in Q3
Summer saw a dearth of multifamily transactions, as Colliers Canada reports just eight deals in the Greater Toronto Area during the third quarter of 2023.
