Development
Canadian Property Management
Halifax office vacancy rate dips modestly
The Atlantic Canada real estate advisory firm, Turner Drake & Partners, reports a region-wide office vacancy rate of 15.25 per cent, representing a drop of more than 170 basis points since June 2017.
Canadian Property Management
Downtown Montreal office market making gains
Rents are rising, the availability rate remains steady even as new office space comes onto the market and construction crews are busy on in-progress commercial, multi-residential and public infrastructure projects.
Canadian Property Management
Developers decry pullback on property tax grant
Rules for the program are set to change, making the timing less than ideal for development proponents still awaiting a decision based on the original criteria in place when they submitted their applications.
Canadian Property Management
Climate risk serves up shocks and stressors
Measures to avoid or minimize flood damage and prepare for long-term power outages now rank among the most cost-effective design decisions and capital investments that building owners/managers can make.
CondoBusiness
Build large condo units and families will come?
A real estate analyst takes aim at a 'fallacy' reflected in Toronto's downtown planning framework, which calls for large condo units.
REMI Network
Developer doubles down on West St. Clair West
With shovels in the ground on its sold-out SCOOP project, the developer has unveiled plans for another mid-rise condo in the neighbourhood.
CondoBusiness
GTA-based condo building demos cogeneration
One GTA-based condo building won’t face the dilemma of when to switch over its HVAC system from heating to cooling this spring thanks to cogeneration.
CondoBusiness
Quebec and Newfoundland proffer homebuyer funds
Provincial budgets, released in both provinces on March 27, outline different approaches to financial assistance that's projected to benefit about 430 recipients in Newfoundland and 47,000 in Quebec.
CondoBusiness
Rich amenities make up for shrinking suites
The economic realities of development today have meant that suite sizes have had to shrink, and developers are creating amenity-laden buildings to compensate.
Canadian Apartment Magazine
Manitoba nixes tax break for new rental housing
Developers of purpose-built rental housing in Manitoba are losing a tax credit that has been available for the past five years.
CondoBusiness
Will ‘ultra-high-rises’ cost more to maintain?
The new crop of 'ultra-high-rise' condos rising in Toronto will be more complicated and consequently more costly to maintain, one engineer is warning.
CondoBusiness
B.C. residential development land takes tax hit
The British Columbia government expects to collect about $520 million in new annual revenue through additional residential property taxes and property transfer taxes.
REMI Network
The Well to anchor thermal energy system expansion
The Well will anchor the expansion of Enwave’s deep lake water cooling and hot water distribution networks with the installation of a below-grade thermal energy storage facility.
CondoBusiness
GTA condo supply and affordability in decline
Land for high-rise condominium development was a major component of $23.5 billion in investment property sales in the Greater Toronto Area last year.
CondoBusiness
Vertical density channels Mississauga growth
Nearly five decades of lower-density development will take some time to fill in to more compact neighbourhoods and pedestrian-oriented commercial streets, but the vitality of the city's condominium market demonstrates that single-family residential is no longer the default built form.
Canadian Apartment Magazine
Feds open to private sector housing partners
As envisioned, the federal and provincial/territorial governments will jointly fund the 10-year, $40-billion package of policies and programs so many details are still missing or yet to be refined through future negotiations.
CondoBusiness
Ontario takes steps to streamline development approvals
Electronic permitting could be coming to Ontario as the province sets about implementing a 14-point action plan aimed at streamlining development approvals.