Financial Management

apartment market

Rental supply shortages fuel demand

According to CMHC's 2017 Rental Market Survey, the average vacancy rate for purpose-built rental apartment units across Canada decreased from 3.7 per cent in October 2016 to 3.0 per cent in October 2017.
toronto_apartment_buildings

Q3 2017 apartment market highlights

Overall, the Canadian real estate industry continues to be performing well with the apartment sector holding strong, according to the 2018 Emerging Trends in Real Estate report, published by PwC Canada and the Urban Land Institute
divergent property tax regimes

Cities exhibit divergent property tax regimes

This annual look at the apportionment of the tax burden gives a more complete picture of the pressures on the commercial and multi-residential sectors than simply referencing property tax rates.
Two_St_Thomas

Behind the scenes at Two St. Thomas

Rising in Toronto’s opulent Yorkville neighbourhood is Two St. Thomas, a joint venture between Bentall Kennedy and KingSett Capital. The $130-million 26-storey tower made of glass, stone, wood and copper is the picture of modern sophistication, as imagined by Hariri Pontarini Architects.
toronto_apartment_buildings

Apartment Market Highlights: Q2 2017

Above average transaction volumes, persistent demand, and foreign capital have been driving Canada's commercial investment property market in 2017, according to a recent report issued by Morguard Corporation.
affordable rental housing

Deconstructing Ontario’s Fair Housing Plan

In an effort to help increase the province’s supply of affordable housing and protect renters from what many are calling exorbitant rent hikes, the Ontario Government has announced a comprehensive package of measures in its just-released Fair Housing Plan.
rental market

Canada’s red hot rental market

2016 was a monstrous year for Canadian real estate, and it’s hard to imagine what the implications of another recording-breaking year will have on the red-hot rental market.
maintenance fees

How climate change could affect maintenance fees

Maintenance fees are based on historic norms, stable benchmarks and logical predictions. What happens when those predictions no longer fit the weather?
rent control in Ontario condo sales

Push for revised rent control in Ontario

The controversial topic of rent control in Ontario is back in the news after two Toronto City councillors voiced concerns about what they are calling “unethical” rent hikes across the GTA
for rent

Top rental trends of 2016

With over 395,000 live listings currently in its real estate channel—of which, over 83,000 listings are apartments and condos for rent—Kijiji’s rental listing data provides a great window into Canadian rental trends.
real estate education

New Canadian context for real estate education

The newly released textbook packages universal principles and domestic context into one 500+-page compendium devised to impart a grounding in real estate fundamentals, transactions and the multidisciplinary oversight of income properties.
new home sales

GTA apartment transactions down from 2015

According to the latest market report from JLL’s Multi-Residential Advisory Group, GTA apartment transactions have decreased by 36 per cent compared to the same period last year.
housing market

Furor over MPAC multi-res cap rates predicted

Assessment notices for nearly 16,000 Ontario multi-residential properties will be mailed out next week, delivering valuations determined for the first time with the newly adopted direct capitalization methodology.
apartment market

Canada’s apartment market today

Canada’s apartment market continues to capture the attention of investors craving stability in what has become an uncertain economic backdrop. Notably, Calgary apartment market conditions have
apartment market

Q2 2016 apartment market summary

National vacancy levels remain healthy as we move into Q3, supporting strong income stability for owners and investors active in the Canadian apartment market.
apartment construction

Multi-unit starts expected to slow in 2016

According to CMHC's Q2 Housing Market Outlook , multi-unit starts are expected to slow for the remainder of the year, then stabilize in 2017.
affordable rental housing

Ontario opens way to inclusionary zoning

New inclusionary zoning legislation in Ontario could soon give municipalities the power to require that builders include affordable housing units in all new residential developments. If passed, the Promoting Affordable Housing Act, 2016, will be the first of its kind in Canada and could take effect in early 2017, if not sooner.