Industry News

1235 Marlborough - exterior of building. (CNW Group/The Minto Group)

Minto announces new Oakville rental property

Minto Capital Management Inc. announced plans for a new purpose-built rental building located at 1235 Marlborough in Oakville.

Cominar finalizes $1.14 billion sale of property portfolio

Cominar has confirmed the closing of its $1.14 billion sale of its non-core market property portfolio to Slate Acquisitions Inc. Sylvain Cossette, president and CEO
LED incentives

LED incentives still relevant in U.S. market

Halogen and incandescent bulbs still garner strong sales for residential purposes, while LEDs are gaining market share through displacement of compact fluorescent lamps.
housing supply

Canadian housing starts trend stable in March

According to CMHC, March 2018 delivered stable housing starts with 226,842 units compared to 225,804 units in February.
foam cups

Starlight acquires four Vancouver multi-res properties

Starlight Investments announced that it has acquired four landmark concrete Vancouver apartment buildings comprised of 456 units.
looming multifamily exodus

U.S. birth data hints looming multifamily exodus

U.S. housing analysts are drawing links between the rising age of first-time mothers and the country's vibrant multifamily apartment market in recent years.
rent supplements

Homeless prioritized for Quebec rent supplements

Recipients contribute a share of private sector housing costs equal to 25 per cent of their income, while the subsidy covers the remainder.
Greener buildings

End of era results released for BOMA BEST v2

Slightly more than 52 per cent of participating buildings achieved a score of a least 70 per cent for a silver or higher certification.
net-zero energy

Energy Star certification launches for Canadian commercial buildings

ENERGY STAR certification is now available in Canada for commercial and institutional buildings for the first time.

Concert acquires Toronto mixed-use development site

Concert announced it has strengthened its Toronto presence by acquiring an approved residential mixed-use development site near the intersection of Sherbourne and Bloor Streets.

Winnipeg’s True North Square reaches milestone

Winnipeg's True North Square development has reached another construction milestone with the topping-off of the 25-storey, mixed-use tower at 225 Carlton.
electric vehicle

Vancouver adopts 100 per cent EV-ready policy

Vancouver is now one of the first cities in North America to adopt a 100 per cent EV-ready policy for all new multi-unit residential buildings.
Bob Dhillon

University of Lethbridge honours Mainstreet CEO

The University of Lethbridge announced it has renamed its Faculty of Management to the Dhillon School of Business in recognition of Navjeet (Bob) Dhillon, President and CEO of Mainstreet Equity Corp.

Skyline named a Best Managed Company

For the fourth year in row, Skyline Group of Companies has be named one of Canada's Best Managed Companies, while also achieving its first-ever "Gold Standard" status.
small tax perk for businesses

Small tax perk for businesses extended to 2025

Claimants gain five more years of accelerated deductions on the capital cost of qualifying renewable energy systems and energy conserving equipment.
RioCan Living

RioCan launches “RioCan Living” residential brand

RioCan’s new residential brand, RioCan Living, formally launched today with eight projects currently in development. The new brand intends to deliver "best-in-class" purpose-built rental units and condos along Canada’s most prominent transit corridors.
rental housing loan fund

Federal budget boosts rental housing loan fund

The 2018 federal budget commits $1.25 billion over three years to the Rental Construction Financing Initiative, providing low-cost 10-year loans for municipalities, not-for-profit and private sector developers.