Development
Apartment performance down slightly in Q2
Yardi's Q2 2024 Multifamily Report provides a detailed overview of Canada's apartment performance, revealing a slight cooling in the market despite high demand.
Toronto considers office replacement pullback
Proposed new policy directions could open the way for a broader range of redevelopment projects in specified downtown Toronto districts and at the midtown Yonge & Eglinton node.
Rise of the Robson Street corridor
GWLRA has purchased two adjacent sites on Vancouver's famed Robson Street with zoning for 400 rental units and 40,000 square feet of retail.
Housing labour and innovation
For Canada to meet its target of building 5.1 million homes in the next twelve years, a concerted focus on labour and innovation is required.
Promise of safe haven woos foreign investors
Foreign investors contemplating Canada’s multifamily market may see more theoretical than actual opportunity, given the current scarcity of available product.
Making a case for micro-unit apartments
As housing affordability and climate concerns continue to reach crisis levels, micro units are emerging as a promising, low-cost solution thanks to innovative design concepts improving interior efficiencies.
Potential property tax relief looks uneven
A potential incentive for new purpose-built rental housing in Ontario comes with adverse implications for existing multifamily properties, thanks to the mathematics of property tax allocation.
Building more affordable homes faster
Key action steps in the 2024 Ontario Budget include investing $1 billion in the new Municipal Housing Infrastructure Program and supporting transit-oriented development.
COVID-19’s impact on housing affordability
CMHC's Mathieu Laberge shares his perspective on housing affordability in Canada since COVID and what can be done to weather these challenging times.
The push for more purpose-built rental housing
Strong rental demand continued to outpace supply in 2023 resulting in less available purpose-built rental apartments and lower affordability, according to new report from CMHC.
Clamping down on renovictions
Hamilton will soon be the first city in Ontario to introduce a renoviction bylaw forcing landlords to obtain a licence prior to issuing an N-13
Interest rates subdue multifamily developers
Fallout from higher interest rates may continue to subdue multifamily development, but lenders express more confidence in prospects for new purpose-built rental and high-rise condominium projects next year.
The road to more rental housing
Canada's fall economic update includes steps to crack down on short-term rentals and billions in financing toward rental housing construction.
Conversion momentum draws on combo of drivers
Replicating Calgary’s nascent office-to-residential conversion momentum in other markets will likely depend on the same combination of weak office values, strong housing demand and generous incentives.
The legacy of Sen̓áḵw
Currently underway in Vancouver, Sen̓áḵw is a powerful testament to Indigenous land ownership and an economic legacy that’s expected to generate upwards of $10 billion in revenue for the Squamish Nation.
Pinemount, Elysium partner on Emery Village site
Pinemount Developments and Elysium Investments have partnered on a 1.78-acre development site located in Emery Village, Toronto, at 3406-3434 Weston Rd.
Canada’s Enhanced GST Rental Rebate program
The Canadian government announced it is removing the Goods and Services Tax (GST) on future purpose-built rental projects via the "Enhanced GST Rental Rebate" program.