Residential
CondoBusiness
Brokerage to end dual listing on TSX and NASDAQ
The Real Brokerage Inc. cites “minimal trading volume” in return for duplicate administrative expenses in the decision to voluntarily delist from the TSX.
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
Mass retrofit model set for low-rise trial
The Canadian government is seeking candidates to demonstrate aggregated deep energy retrofits across at least 100 units of low-rise social, community-based non-profit or cooperative housing.
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
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.
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.
Construction Business
Vancouver’s tallest residential tower launches
Brivia Group has officially launched the Curv tower in Vancouver. It is set to be the world's tallest passive house building.
REMI Network
Construction activity at record high in Toronto
Crane activity is at a record high across 14 major cities in North America and Toronto is leading the pack.
REMI Network
Three-in-five Canadians are worried about spring flooding, a new survey finds
Three-in-five Canadians are worried about the potential consequences that flooding and severe rain events may cause during the spring season.
Canadian Apartment Magazine
Industry reps join Ontario housing advisory team
New appointees have been tasked with advising the Ontario government on its strategies to stimulate construction of 1.5 million new units of housing by 2031.
Canadian Apartment Magazine
Student and seniors housing prospects in favour
A survey of top executives in the student and seniors housing sectors finds most are planning to expand their portfolios in 2023 through acquisitions and new development.
Canadian Apartment Magazine
Residential energy use re-emerges in CDM plans
Program reviewers with Ontario's Independent Electricity System Operator (IESO) are recommending broader inclusion of the multifamily and singe-family housing sectors in provincial conservation initiatives.
REMI Network
Dr. Steve Gupta appointed to Order of Ontario
Dr. Gupta immigrated to Ontario from India in 1971 with just $108 in his pocket and is now recognized as a leader in the hospitality and condominium industries.
REMI Network
October sales decline in Montreal CMA highest in condos
Residential sales in the Montreal CMA significantly declined in October compared to the same period in 2021.
REMI Network
Residential builders call for immigration reform
Ontario's residential builders want the federal government to seriously reform the immigration system to usher in skilled trades workers who have been trained abroad.
CondoBusiness
Land-use designations stir debate in Mississauga
Landowners in Mississauga wanting to redevelop their properties for residential mixed-use purposes hope to reverse an employment designation on Dundas Street.
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.