Industry News

federal budget

Residential builders unveil key asks ahead of federal budget

Ontario’s residential builders are hoping that the upcoming federal budget includes specific measures to address housing supply and affordability.
lease transfer law quebec

Quebec adopts new lease transfer bill

The new law in Quebec will allow landlords to reject a lease transfer for any reason, putting more power back in the hands of landlords.
Ontario instructs LDCs on EV charging grid connections

Ontario instructs LDCs on EV grid connections

New standardized protocol for connecting electric vehicle charging facilities to the power grid will introduce an optional free preliminary consultation for commercial/multifamily landlords and condo corporations.
BC Builds

BC launches BC Builds to amp up housing construction

The Province of BC has launched BC Builds, a new initiative to lower construction costs, speed up timelines, and deliver more affordable homes to middle-income people.
Nova Scotia pledges modest housing spending

Nova Scotia pledges modest housing spending

Nova Scotia announces it will build new public housing units with a 2024-25 funding commitment that equates to less than 1 per cent of the provincial capital plan.
Construction cost escalators still in play

Construction cost escalators still in play

Construction costs are generally highest in Vancouver across all multifamily categories, including low-, mid- and high-rise concrete buildings and low-rise wood-frame apartments up to six storeys.
flipping property tax

CRA introduces new rule to deter property flipping

Canada has introduced a new rule for the 2023 taxation year that will impact property owners engaging in property flipping for capital gain.

Toronto Community Housing appoints new president and CEO

Effective April 2, 2024, Sean Baird will take over as Toronto Community Housing Corporation (TCHC)’s new President and CEO.
LTB hearings

Restoring in-person hearings at the LTB

Since the LTB moved its hearings online, things have gotten worse for one of Ontario's busiest tribunals, and now city councillors are moving to bring back in-person hearings.
Federal government

Federal government extends foreign buyer ban

Foreign commercial enterprises and people who are not Canadian citizens or permanent residents will continue to be prohibited from purchasing residential property in Canada.

OREA report calls for more bold action

In a new report, OREA builds on the HATF’s 55 recommendations to boost housing supply in 2024 and assesses the government's efforts to date.

NIMBYism influencing housing supply, study finds

Researchers found that local politicians tend to cater to the wants of homeowners who are more likely to be long-time residents and voters.

Leon’s furniture announces plans for mixed-use development

Leon's is one step closer to developing a master-planned residential community on 40 acres of land it owns at Highways 401 and 400.
rent growth

A record year for rent growth in Canada

Rent growth in Canada reached a record high in 2023 according to the latest multifamily report from Yardi.
Inlet District

Wesgroup moves forward on Inlet District

The 14.8-acre site in Port Moody is located in the area formerly known as Coronation Park.
international students

Canada announces cap on international students

To contend with ongoing housing shortages, the federal government is limiting the number of international students by 35 per cent.
RioCan REIT marks 30 years as public company

RioCan REIT marks 30 years as public company

RioCan founder and chairman, Edward Sonshine, and other members of the senior leadership team ushered in the TSX trading day, January 19th, in celebration of the REIT's 30th anniversary.