Industry News

apartment transaction

Northview Apartment REIT acquires 1,250 units

Northview Apartment REIT announced it has agreed to acquire a 1,250-unit portfolio from independent third-party vendors and affiliates of Starlight Group Property Holdings Inc. for an aggregate purchase price of $196.8 million
44-unit boutique rental

44-unit boutique rental property coming to Victoria

A new housing project in Victoria, B.C., which was previously proposed as a condominium building, will now be a 44-unit boutique rental property.
Surrey and Burnaby

Surrey named B.C.’s top city for real estate investment

A new report released by REIN suggests that Surrey, the second largest and fastest growing city in B.C., has the diversity and strength required to lead the province in real estate investment potential.
rsz_coquitlam_development_site

High-rise development site sells in Coquitlam, B.C.

Colliers announced that it has sold a high density, mixed-use development site, located steps from the Burquitlam SkyTrain Station in West Coquitlam, B.C.
Hamilton

New affordable housing facility coming to Hamilton

An affordable housing facility for individuals living with mental health issues and physical disabilities, broke ground today in the city of Hamilton.
high-tech community

Google spinoff to build high-tech community in T.O.

Sidewalk Labs is teaming up with Waterfront Toronto to transform 800 acres of Toronto's eastern waterfront into a global, high-tech neighbourhood
Canadian GRESB participants

Canadian GRESB participants close gap to leaders

Eighteen Canadian real estate organizations undertook the rigorous reporting exercise, which plots portfolio-wide ESG (environmental, social, governance) intent, practices and outcomes, and collectively achieved an average score of 70 out of a possible 100 points.
landscape

IREE certification for retrofits coming to Canada

CaGBC, GBCI and the Advanced Energy Centre are working together to bring the Investor Confidence Project and its IREE certification to Canada.
parliament hill Ottawa

Protesters pre-empt Canadian Housing Strategy

Hundreds of protesters gathered on Parliament Hill today at an event organized by the Front d'action populaire en réaménagement urbain (FRAPRU) and supported by the Ontario Coalition Against Poverty (OCAP).
canada_us

Starlight partnership commences U.S. acquisition program

Starlight Investments and its new institutional partners, the Public Sector Pension Investment Board and the Alberta Investment Management Corporation (AIMCO), announced that they have commenced their acquisition program
apartment licensing program

New FRPO report looks at Vacancy Decontrol

The Federation of Rental Housing Providers of Ontario (FRPO) released its second research report authored by Shaun Hildebrand of Urbanation, entitled Ontario Rental Market: Renovation Investment and Role of Vacancy Decontrol
Greener buildings

Canada’s top sustainability leaders honoured at Clean50 Summit 7.0

“Canada’s Clean50” list was announced earlier this month, celebrating the accomplishments of 50 sustainability leaders including, Dan Rames, Director of Energy Management at CAPREIT.
for rent

Study highlights Ontario rental supply shortfall

A new study by Urbanation warns of massive Ontario rental supply shortfall, which will continue to diminish unless at least 6,250 additional new rental units are
19 Duncan

Allied and Westbank announce plans for 19 Duncan

Allied Properties REIT and Westbank announced plans to proceed with the development of 19 Duncan Street, a mixed-use development in Toronto.
residential tenancy laws

B.C. Privacy Commissioner launches investigation

Acting Information and Privacy Commissioner Drew McArthur is investigating whether landlords in British Columbia are asking prospective tenants for too much personal information.
Kryton International

TRU selects developer Kelson Group for The Reach

Thompson Rivers University (TRU) Community Trust has selected Kelson Group for the Trust's 90-acre master-planned development called The Reach.
Solar Uniquartier

Phase 1 of Quebec’s biggest mixed-use development breaks ground

Devimco Immobilier recently broke ground on Phase 1 of Solar Uniquartier, a development that is being touted as Quebec’s biggest mixed-use real estate project.