Condominium
CondoBusiness
Storage facilities surge linked to cozy condos
Cozy condo units are linked to the rising profile of storage facilities among commercial real estate’s alternative asset classes.
CondoBusiness
Ontario proposes sunset for timeshare contracts
The Ontario government is considering a 10-year exit horizon for timeshare contracts as part of its update to the Consumer Protection Act.
CondoBusiness
Montreal condo developer joins Order of Canada
Samuel Gewurz, president of Proment Corporation and a pioneering builder on Montreal’s Ȋle des Soeurs, has been named to the Order of Canada.
CondoBusiness
Condo project financing confronts new math
More cautious criteria for condo project financing could upend some development pro formas and potentially constrain housing starts in the coming months.
CondoBusiness
Winning strategies for sustainable construction
Sustainability remains high on the construction industry’s agenda. Fortunately, there are proven ways to embed sustainability in any project
Canadian Apartment Magazine
Housing supply-demand imbalance set to persist
Recent CMHC analysis concludes that approximately 3.5 million additional dwelling units are needed to meet demand and pull prices back into closer alignment with purchasers’ and tenants’ incomes.
Canadian Apartment Magazine
Offshore single-family rental REITs sidelined
A two-year prohibition on foreign investors acquiring single residential dwellings, duplexes or triplexes is set to begin January 1, 2023.
CondoBusiness
Rules for first home savings accounts unveiled
As proposed, Canada’s first home savings accounts (FHSAs) would share features with both registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs),
CondoBusiness
Private homes preferred for cannabis use
More than 90 per cent of survey respondents confirm that they typically use non-medical cannabis in their own homes, while 46 per cent use it in other people’s homes.
CondoBusiness
Alberta electricity rebate excludes multifamily
Rental apartment and condominium dwellers with sub-metered suites aren't eligible for the rebate, which has now been extended for an extra three months to total $300 for the year.
Canadian Property Management
Almadev brings dual meaning to Elad rebrand
Elad Canada is now known as Almadev, a name chosen to signify the company's development and asset management pursuits.
CondoBusiness
Special assessments foreseen as CPI rises
Coming out of an extended period of low inflation, many condo boards will confront reserve fund shortfalls as the consumer price index now pushes up toward 7 per cent.
Canadian Apartment Magazine
NS incents EV chargers in multifamily buildings
Nova Scotia has allocated $1 million over two years to help subsidize electric vehicle charging stations in multifamily apartment and condominium buildings.
REMI Network
Quebec association urges condo insurance reform
Since 2018, the AQRC says that co-owners have been paying for necessary restorations, instead of insurers, due to a poor legislative change.
CondoBusiness
B.C. condo owners see jump in assessed value
Surging values for single-family homes are far outstripping condo gains, but average assessed values for strata residential properties rose anywhere from 7 to 29 per cent across 19 jurisdictions in the lower mainland.
REMI Network
Christopher Alexander named president of RE/MAX Canada
His career trajectory at the global real estate franchisor began in 2014 when he joined RE/MAX INTEGRA as a franchise sales consultant.
REMI Network
CAT to handle disputes over nuisances in 2022
Changes to the Condo Act, coming into force on January 1, 2022, will expand the CAT's jurisdiction to manage certain disputes related to nuisances.
