In a recent operational update, Killam Apartment REIT reported net earnings of $46.6 million, marking an exceptional third quarter for the Halifax-based group.

New condo sales in the GTA increased 22 per cent from Q3-2020 to Q3-2021, from 6,386 units to a total of 7,773 units.

Municipal rental rates continue to rise in major markets across Canada according to the latest Rent Report from Bullpen Research & Consulting and TorontoRentals.com. 

Urbanation’s latest survey of purpose-built rental buildings reports that the average Toronto vacancy rate has dropped from 5.1 per cent in Q2 to 3 per cent in Q3-2021.