Industry News

handshake

Killam Apartment REIT appoints new CFO

Philip Fraser, President and CEO of Killam Apartment REIT announced an important change to Killam's executive team, naming Dale Noseworthy its new CFO.
apartment transaction

CAPREIT acquires Montreal luxury apartment

CAPREIT announced that it has waived conditions and will acquire a Montreal luxury apartment, comprised of 256-suites and located in the affluent Côte-Saint-Luc neighbourhood.
energy and water reporting

Ontario enacts energy and water reporting reg

Ontario has now enacted its energy and water reporting and benchmarking regulation to help large buildings cut down on greenhouse gas emissions.
market conditions in Western Canada

Mainstreet Q1 results hint at Alberta market recovery

Calgary-based Mainstreet Equity Corp. released favourable Q1 results yesterday, indicating a market recovery in Western Canada may be on the horizon.
OPAL retirement residences

Element receives excavation permit for OPAL project

The City of Vancouver has issued an Excavation Permit to Element Lifestyle Retirement for OPAL, the developer’s retirement residence set for Cambie Village.
101 St. Clair

New luxury rental opening soon at 101 St. Clair

Toronto real estate developer Camrost-Felcorp announced it will be welcoming residents into 101 St. Clair as early as this summer. The 229-suite luxury rental building is part of an award-winning master-planned community called Imperial Village, located at Avenue Road & St. Clair.
apartment fundamentals

Apartment fundamentals retain investor favour

Top strategists for institutional investors hailed the residential sector's ballast qualities, particularly in a year when office values declined and the Calgary and Edmonton markets suffered a loss on investment.
president and CEO

FRPO appoints new president and CEO

The Federation of Rental Housing Providers of Ontario (FRPO) is pleased to announce the appointment of Jim Murphy to the position of president and CEO.
GTA condominium

GTA supply shortage limits 2016 multi-res sales

Avison Young released its fourth-quarter 2016 Real Estate Investment Review of the Greater Toronto Area, reporting that 2016 multi-res sales declined by 39 per cent.
real estate employers

Real estate employers keep a lid on salaries

Skill shortages are more select in other Canadian business sectors, while real estate employers report they are pressed to fill some of the industry's key job functions, including: commercial property manager; condominium manager; building operator; and commercial leasing agent.
apartment transaction

Killam announces two multi-res acquisitions

Killam Apartment REIT announced the closing of two multi-residential acquisitions, in London and Calgary, for a total of $26.2 million.
King Portland Centre

King Portland Centre to include rental property

Allied Properties REIT and RioCan REIT announced that King Portland Centre, which is currently under construction in Toronto, will include a rental property along with office and retail components.
Montreal skyline

StanBrooke rental tower breaks ground in Montreal

Brivia Group and Gansu Tianqing Real Estate Group have announced that they have begun construction on StanBrooke, a 19-storey high-end rental tower in downtown Montreal.
lebreton-flats

Plans unveiled for Ottawa’s LeBreton Flats

Claridge Homes announced plans to expand its LeBreton Flats development in Ottawa, painting the picture of a high-density, "complete" neighbourhood with shops, cafés, affordable rental housing and beautiful park space along the aqueduct that currently runs through the area.
toronto_apartment_buildings

Multifamily expected to perform strongly in 2017

Timbercreek Asset Management released its 2017 Market Outlook, which identifies key trends the firm sees playing out for global real estate securities in the year ahead.
Golden Mile Shopping Centre

Mixed-use plans for Golden Mile Shopping Centre

Plans for the Golden Mile Shopping Centre in Toronto will transform the site into a transit-oriented mixed use community.
creekside-wharf

UK’s first build-to-rent development underway

London, England, will soon be welcoming its first modular build-to-rent apartment complex, located 500 metres from Greenwich town centre. Developed by rental specialist Essential Living and designed by Assael Architecture, the project, known as Creekside Wharf, received planning approval in July 2015 for the delivery of 249 new rental apartments.