Industry News

land use planning appeals

Ontario to revise land use planning appeals system

In an effort to ensure Ontarians have access to faster and fairer hearings, the province plans to overhaul its land use planning appeals system.
RioCan and Concert

RioCan and Concert team up on Toronto development

RioCan and Concert are pleased to announce the signing of a firm agreement on May 17, 2017, with RioCan selling a 50 per cent interest in
vancouver-approves-empty-homes-tax

More family-sized rentals needed to ease housing crisis

A new report by the Canadian Centre for Economic Analysis suggests the housing crisis could be alleviated if more housing options were available for families of varying needs and sizes.
Apartment Building

Ontario’s investment in affordable rental housing

At a press conference at Casa-Emery Village in Toronto, the provincial and federal government announced plans to invest $58.8 million in new affordable rental housing in Toronto.
zero carbon

Green projects join CaGBC’s Zero Carbon Building Pilot Program

CaGBC has picked a diverse set of 16 green building projects across Canada to participate in a two-year pilot of its Zero Carbon Building Standard.
Built Environment Technology Association

Built Environment Technology Association launches

The Built Environment Technology Association (BETA) has been established to help the real estate industry better utilize developing technologies.
housing starts

National housing starts trend higher in April

Housing starts are trending upward at 213,768 units in April 2017, compared to 210,702 units in March, according to Canada Mortgage and Housing Corporation.
apartment transaction

Minto Capital acquires Radisson place in Calgary

Minto Capital Management Inc. announced the acquisition of Radisson Place in Calgary, a 12-storey multi-residential apartment building.
GTA condo sales

GTA condo lease transactions up 3.5 per cent in Q1

Greater Toronto Area realtors reported 6,680 condominium apartment lease transactions during the first quarter of 2017, up 3.5 per cent year-over-year.
recycling

Making bins more convenient boosts recycling rates

Researchers at The University of British Columbia released a study showing that making bins convenient drastically boosts recycling and composting rates.
CVA-related tax increases

CVA-related tax increases still levied unevenly

Last year, 4,955 of Toronto's commercial properties were still under a property tax cap, which 7,107 other commercial properties funded via clawbacks.
riocan_killam2

RioCan and Killam form joint venture in Ottawa

RioCan Real Estate Investment Trust and Killam Apartment Real Estate Investment Trust announced the formation of a joint venture to develop a rental residential community at Gloucester City Centre in Ottawa.
optional property tax class

Optional property tax class set to be mandatory

Though expressed somewhat vaguely, the Ontario government's newly announced housing plan forewarns that all municipalities will be required to adopt the new multi-residential property class and align it with the tax rate applied to residential properties.
Fair Housing Plan

Ontario’s Fair Housing Plan aims to stabilize market

In an effort to make housing more affordable, Ontario is introducing a Fair Housing Plan to bring stability to the province’s real estate market.
Hamilton

Starlight purchases new Hamilton luxury rental

Starlight Investments announced it has completed the forward purchase of a Hamilton luxury rental property located at 140 Main Street West.
Apartment for rent

FRPO survey predicts negative impacts of rent control

The Federation of Rental-housing Providers of Ontario (FRPO) released the results of a survey it conducted on the impacts of rent control using a focus group representing the province's largest rental housing providers.
property housing house market investment price value

Multifamily cap rates drop as home prices soar

Multifamily cap rates in Vancouver, Toronto and Ottawa are generally lower than the national average, with Vancouver once again at the low end of the scale.