Industry News

evicting tenants

Manitoba launches new eviction fact sheet for landlords

The Manitoba government announced plans to launch an eviction fact sheet for landlords to clarify the process for evicting tenants who are breaking the law, Justice Minister Cliff Cullen announced.
surrey

Alberta residents to benefit from Housing for Health initiative

At a press conference in Edmonton, government representatives announced that the Public Health Agency of Canada (PHAC) is investing $4.4 million to support the University of Alberta's Housing for Health project.
Melanie Dusseault-945x560

Broccolini breaks ground on Victoria sur le Parc

The project is set to be the tallest residential tower in Montreal.
Montreal

Apartment sector leads Montreal investment activity in 2018

The Montreal apartment sector posted an increase of $388 million in 2018 and continues to lead the commercial real estate industry as the city's most attractive investment opportunity.
333 University Ave, Kingston On

New apartment development planned for Kingston, Ontario

A new apartment development is coming to Kingston, ON, featuring three new rental buildings comprised of 788 units and over 600,000 square feet of total area.
QPAREB945x514

QPAREB names president of the board of directors

The Quebec Professional Association of Real Estate Brokers (QPAREB) appoints its 2019-20 board of directors.
joint venture partnership

Greenwin Inc. and Choice Properties complete acquisition of Toronto land parcel

Greenwin Inc. and Choice Properties REIT have completed the acquisition of 26 Grenville St. and 27 Grosvenor St. in downtown Toronto, paving the way for an expansive revitalization of the 0.9-acre property.
EllisDon

Slow approval processes continue to hamper new development

Current approval processes are hampering the development of safe and affordable housing in Ontario, according to a new research paper published by the OBOA.
vacancy rates

Average rents decline slightly in March

Overall, average rents in Canada declined slightly in March after three straight months of increasing rental rates, according to the April national rent report produced by Rentals.ca and Bullpen Research & Consulting.
Ottawa-Gatineau

Ottawa-Gatineau tapped for value-add potential

The partners will invest in in-suite and common area upgrades with the aim of generating more revenue from the units, which are located in the downtown cores on both sides of the Ottawa River.
MPAC board

Municipalities could lose clout on MPAC board

A new government means a new round of scrutiny for Ontario's property assessment agency.
CondoRBC

Report: Condos a harder sell for Canadian renters

It's becoming harder for renting Canadians to make a move to condos. This is according to an RBC housing report that indicates the high price of single-family housing is driving demand for condos and creating intense affordability pressures.
calgary_skyline_winter

Calgary condo market sees modest uptick as more renters look to buy

According to the latest Royal LePage House Price Survey, low rental vacancy rates and rising rental costs in Calgary are contributing to a modest increase in condominium ownership.
student housing

ASH REIT expands Ontario student housing portfolio

ASH REIT announced it has purchased a portfolio of four high-quality purpose-built student accommodation ("PBSA") properties located in Waterloo, Hamilton and Oshawa.
rent supplements

Quebec, Nova Scotia add more rent supplements

Quebec promises to catch up on the delivery of previously announced affordable housing units, while Nova Scotia invests in major repairs in existing social housing buildings.
Mark Kenney

Mark Kenney appointed CAPREIT CEO

CAPREIT has announced that Mark Kenney, former COO, has been appointed Chief Executive Officer and a member of its board of trustees, effective March 27, 2019.
new rental supply

Feds promise more funds for new rental supply

The 2019 budget promises the second top-up in as many years to the low-cost loan fund supporting construction of rental housing.