purpose-built
Canadian Apartment Magazine
Purpose-built affordable housing planned for Kensington Market
Toronto’s Kensington Market neighbourhood will be home to the city’s first purpose-built affordable homes for homeless people in more than 10 years.
CondoBusiness
Soaring home prices in GTA cause rent increases
The average cost to rent a condo in the Greater Toronto Area (GTA) has increased 6.8 per cent year-over-year to $2.53 per square foot, according
CondoBusiness
GTA purpose-built construction hits 25-year high
According to Urbanation Inc.’s third quarter condo and purpose-built rental market report, the number of GTA condo units rented through the MLS system reached a
Canadian Apartment Magazine
Multi-family housing demand on the rise: CBRE
According to a recent report from the CBRE, demand for multi-family housing is stronger than ever in Canada and, as such, developers are shifting their focus to purpose-built rental housing. The CBRE says multi-family starts rose 52.2 per cent over the five-year average in 2014 as a result of low vacancy rates and a lack of affordable home ownership opportunities.
Canadian Apartment Magazine
Rental housing proposed for iconic Toronto site
Vancouver-based architect Gregory Henriquez recently unveiled his vision for Toronto’s iconic Honest Ed’s site at Bloor St. and Bathurst St., which includes plans for 1,000 purpose-built rental housing units. In partnership with developer Westbank Corp., Henriquez revealed the conceptual Bloor & Bathurst community proposal for 55 buildings with residential, retail and restaurant space at a community meeting on March 3.
REMI Network
B.C. mental health facility accepts $1-mil in funds
The new Joseph & Rosalie Segal Family Health Centre at the Vancouver General Hospital (VGH) is one step closer to reality thanks to a recent donation of $1-million from Bell Let’s Talk. Once complete, the $82-million, eight-storey development will be the largest purpose-built mental health facility in British Columbia.