Residential
Canadian Apartment Magazine
No electricity rate reprieve with this lockdown
There has been no rate relief with the latest stay-at-home imperative, but the Ontario Energy Board has extended the annual prohibition on electricity shut-offs during the cold months to cover much of May.
CondoBusiness
Iconic sites convey spinoff real estate value
Niagara Falls, and Jasper are the two Canadian entrants on a largely European and American list of locales associated with celebrated global attractions.
Canadian Apartment Magazine
Upfront costs hinder access to energy savings
More than 110 industry associations, building service/product providers and public advocacy and community development groups are voicing support for no-cost incentives targeted specifically to low-income households.
Canadian Apartment Magazine
Quebec residential rent increase margins tighten
Residential landlords in Quebec face tighter rent increase margins for 2021, particularly if their buildings are centrally heated with gas or oil.
CondoBusiness
Vacant dwellings yield revenue gains for B.C.
Resident British Columbians own about 30 per cent of the properties subject to the speculation and vacancy tax, but account for just 6.6 per cent of collected revenue.
Canadian Apartment Magazine
More low-income renters qualify for Sask benefit
Low-income renters in Saskatchewan’s private housing market are newly eligible for the same subsidy introduced in April 2020 for tenants in not-for-profit accommodations.
Canadian Property Management
Rezoning sought for midtown Toronto landmark
Development partners Oxford Properties Group and CT REIT envision three million square feet of mixed-use development on the Canada Square site at Yonge and Eglinton.
REMI Network
Designer-focused condo takes shape in T.O.
A 22-storey mixed-use condo will rise in Toronto's Annex neighbourhood as the first newly developed building in the history of the Designers Walk community.
Canadian Apartment Magazine
Superintendents’ rare pay status challenged
Added demands of COVID-19 haven’t necessarily come with a commensurate boost in earnings for a workforce among the minority of Ontario employees exempt from a mandated minimum wage.
REMI Network
BILD awards celebrate industry excellence
The Building Industry and Land Development Association handed out awards during a virtual event last week celebrating 40 years of industry leadership.
REMI Network
Brightwater community launches in Port Credit, Ont.
A 72-acre site that sat vacant for nearly 30 years in Port Credit, Ont. is closer to its new life as the Brightwater master-planned community.
CondoBusiness
Accommodation costs unnerve younger households
Financial uncertainty related to COVID-19 appears to be weighing more heavily on younger households than other homeowners and renters.
Canadian Apartment Magazine
Ontario nudges up electricity price threshold
As of June 1, residential, small business and farm customers will pay at a rate of 12.8 cents per kilowatt-hour (kWh) in place of 10.1 cents/kWh.
Canadian Property Management
Solid pre-pandemic fundamentals buttress market
Thus far, in most markets, there’s been no spurt of office sublets or rent discounts that conventionally signify an economic downturn, but there has been a flurry of conjecture about the forces COVID-19 may have unleashed.
CondoBusiness
Utility bills deferred for distressed Albertans
The Alberta government has proffered up to $223 million, or about two-thirds of projected late payments, to stabilize utilities' cash flow and enable the deferrals.
Canadian Apartment Magazine
European landlords pursue longer term leases
Short-term rental housing providers in major European cities are now pursuing local tenants and advertising more mid- and long-term availabilities as a hedge against slumping international travel.
Canadian Apartment Magazine
Quebec landlords to be queried on financial stress
Quebec's largest rental housing association has released a flurry of messages to frame issues around rent payment for the public, the Quebec government and landlords themselves.
