Industry News
More housing options coming to B.C. communities
Provincial legislation to fix outdated zoning rules and create more small-scale multi-unit homes has now been adopted by almost 90 per cent of B.C. communities.
Interest rate cut emits positive signal for CRE
Practical impacts on the cost of debt aren’t expected to flow through to the market for a few more months, but economists suggest the apparent momentum of falling rates should provide a psychological lift for investors.
Alberta sets housing construction record in June
Alberta’s housing boom of 54 per cent is on track to set records as one of the busiest years ever.
CAPREIT announces sale of MHC portfolio
CAPREIT has entered into an agreement to sell its Canadian MHC portfolio to TPG Real Estate for a gross purchase price of $740 million.
Report sheds light on prevalence of water leaks in EU buildings
European water management solutions provider, Smartvatten, has released a report showing the full extent of water leaks in both commercial and residential buildings.
New MEI study blames excessive regulation for high housing costs
A new study by the Montreal Economic Institute points to regulatory burden as the main reason Montreal’s housing prices have soared.
Most liveable places in Canada identified
Affordability and safety factor highly into Canada's most habitable neighbourhoods, according to preferences identified in RE/MAX’s new 2024 Liveability Report.
Mississauga launches housing task force
The new task force held its first meeting on July 10th to discuss ways the City will continue efforts to streamline housing approval processes.
Purpose-built rental property tax status in flux
Toronto is among Ontario municipalities contemplating a recently authorized optional property tax subclass to convey discounted tax rates for newly constructed purpose-built rental housing.
Vancouver champions more equitable bylaws
Vancouver approved a list of recommendations outlined in a comprehensive equity review of its bylaws.
Security equipment rebate rolled out in Manitoba
Funds for the one-time rebate will be dispersed on a first-come, first-served basis to eligible applicants who submit proof of purchase, installation and Manitoba residency.
Alignvest acquires Montreal student housing asset
Alignvest Student Housing has completed the acquisition of a purpose-built student accommodation property located in Montreal, Quebec.
Landlords tapped to act on lead water pipes
A Toronto Councillor is calling for more due diligence and disclosure around legacy lead water pipes through proposed new obligations for owners of small multifamily buildings built prior to 1950.
BC Hydro amps up energy efficiency spending
BC Hydro is pledging to invest $700 million in energy efficiency over the next three years, including new programs and incentives for commercial and multifamily properties.
BC Hydro amps up energy efficiency spending
BC Hydro is pledging to invest $700 million in energy efficiency over the next three years, including new programs and incentives for commercial and multifamily properties.
BC launches Landlord Use Web Portal
B.C. landlords will soon be required to use the new web portal to generate 'Notices to End Tenancy' for personal occupancy or caretaker use.
Edmonton reopens solar rebate program
The Change Homes for Climate Solar Rebate Program reopened on July 2.