Apartment
Canadian Apartment Magazine
Conversion momentum draws on combo of drivers
Replicating Calgary’s nascent office-to-residential conversion momentum in other markets will likely depend on the same combination of weak office values, strong housing demand and generous incentives.
Canadian Apartment Magazine
Office receivership sale touts conversion potential
Sales agents for Compass Place, a distressed 10-storey office tower in downtown Edmonton, are promoting its potential for conversion to multifamily rental.
Canadian Apartment Magazine
Canadian rents undercut U.S. tech hub averages
Canada’s leading tech hubs boast lower rental housing costs and narrower average rent-to-earnings ratios than most of their rivals in the United States.
Canadian Apartment Magazine
Ontario announces 2024 rent increase guideline
Allowable rent increases will max out at 2.5 per cent for most of Ontario’s sitting residential tenants in 2024, trailing the current 5.9 per cent average inflation rate.
Canadian Apartment Magazine
Office conversion prospects judged challenging
Viable conversion candidates must begin with a basic structural prerequisite, but construction costs, location, surrounding amenities and assumptions about future office values all influence the business case.
Canadian Apartment Magazine
Alberta’s new portfolios silent on housing
Housing is not referenced in the titles of any of the portfolios that Alberta’s 24 newly named cabinet ministers will lead.
Canadian Apartment Magazine
Newfoundland woos private housing developers
The provincial housing corporation is offering capital funding of up to $95,000 per unit through a loan forgiveness model, and seeks commitments to keep rents affordable for 15 to 20 years.
Canadian Apartment Magazine
New approval criteria coming for NB renovations
New Brunswick’s Residential Tenancy Tribunal will soon assume responsibility for authorizing renovations that require tenants to vacate their dwellings.
Canadian Property Management
Inaugural BOMA BEST Smart certifications awarded
The first certifications have been conveyed through the new BOMA BEST Smart assessment and benchmarking program for digital optimization of building performance.
Canadian Apartment Magazine
B.C. moves to mandate cooling in new housing
A proposed amendment to the B.C. building code would require cooling capability to maintain the temperature at no higher than 26⁰ Celsius in at least one room of every new residential dwelling unit.
Canadian Apartment Magazine
Toronto to offer multifamily retrofit financing
Multifamily landlords in Toronto could qualify for grants of up to $1.5 million through a newly launched energy retrofit initiative for buildings of 3+ storeys constructed before 1990.
Canadian Apartment Magazine
Multifamily asset values hold steady
Multifamily asset values appear to be holding steady, but transaction volume plummeted in the first quarter of 2023.
REMI Network
French tax administrator collects property info
Residential property owners in France have until June 30 to register with the national tax administrator, after which they’ll be a liable for a fine of €150 (CAD $220.50) per unreported dwelling unit.
Canadian Apartment Magazine
Toronto buildings to demonstrate decarbonization
Private multifamily buildings make up the largest share of projects set to demonstrate decarbonization technologies and procedures through Toronto’s deep retrofit challenge.
CondoBusiness
Ontario awaits patchy debut of discount power
Most condominium corporations and rental housing landlords will need to make capital investments in energy storage to realize the benefits of Ontario's ultra-low overnight electricity rate.
Canadian Apartment Magazine
Manitoba MLA advocates new lease-breaking option
A recent private member's bill proposes an expanded definition of the types of violence tenants might face that would necessitate the need to relocate.
Canadian Apartment Magazine
Cooling deemed key amenity for Ontario renters
Conceptually, the proposed rules establish air conditioning as a protected option that tenants cannot be prevented from obtaining rather than an essential that landlords would be compelled to supply.
