Industry News

Mirvish Village

Feds invest $200 million in new rental housing at Mirvish Village

The federal government announced it is committing $200 million toward the construction of six new apartment buildings at Mirvish Village in Toronto.
home prices

Home prices to hit “new heights” in 2020

Home prices in Canada are expected to rise as more buyers return to the market in 2020 after waiting to see the impact of the mortgage stress test.
remi_copa_FINAL

REMI Network wins 2 Canadian Online Publishing Awards

REMI Network editors captured awards at the 11th annual Canadian Online Publishing Awards (COPA) last night at the gala, held in Toronto.
condo soundscape

Code changes fine-tune Ontario condo soundscape

As of January 1, developers will no longer have to meet a challenging standard for the comprehensibility of voice communications systems, and they can take an alternative approach to calculating sound transmission between dwelling units.
bed bugs

Canada’s top cities for bed bugs in 2019

Larger cities and travel centres saw significant bed bug sightings in 2019, according to Orkin Canada’s third annual list of top bed bug cities.
average rents in Canada

Average rents in Canada expected to rise 3 per cent

Analysts are predicting that average rents in Canada will continue to increase in 2020 despite an increase in purpose-built rental construction and recent legislative changes.
Vaughn Metropolitan Centre

New residential lands pegged for Vaughan Metropolitan Centre area

SmartCentres and Penguin have teamed up on a 15.48 acre site next to the Vaughn Metropolitan Centre.
Chicago

Morguard expands presence in Chicago, Illinois

Morguard North American Residential REIT announced it has completed the acquisition of the luxury residential complex, the Marquee at Block 37, located in Chicago, Illinois.
affordable housing

Canada and Ontario sign first Canada Housing Benefit

The governments of Canada and Ontario announced a joint investment of $1.4 billion in the first Canada Housing Benefit, a new fund aimed at providing direct affordability support to Ontarians in housing need.
Starlight GTA portfolio

Starlight announces $1.7 billion GTA portfolio acquisition

Starlight Investments announced it has acquired Continuum REIT's 44-building, multi-residential GTA portfolio for a purchase price of $1.735 billion.
Starlight GTA portfolio

Starlight announces $1.7 billion GTA portfolio acquisition

Starlight Investments announced it has completed the acquisition of a 44-building concrete, multi-residential, high-rise GTA portfolio for a purchase price of $1.735 billion.
Edmonton

Killam expands presence in Edmonton and Moncton

Killam Apartment REIT recently acquired two new properties in Edmonton and Moncton for a combined total of $41 million, continuing its ongoing expansion into new markets.
housing market

Five policies that could affect the housing market

Immigration figures into the Real Estate Investment Network’s list of five policies that are likely to affect the future housing market.
co-working

CAPREIT acquires substantial Halifax portfolio

CAPREIT announced plans to move ahead on the acquisition of a substantial Halifax apartment portfolio comprised of eight properties containing fourteen apartment buildings and 1,503 rental suites.
lender confidence

Multifamily asset class wins lender confidence

Lenders to the Canadian commercial real estate industry aren't losing much sleep over their allocations to the multifamily asset class, as just 2.2 per cent of recent survey respondents report concerns about its prospects.
multi-suite rental sales

Tricon Capital Group acquires Nashville portfolio

Tricon Capital Group announced that it has acquired a portfolio of 708 rental homes in Nashville, TN, through its single-family rental joint venture, TAH-JV1 (“JV”).
Galleria Mall

Art installation lights up Galleria on the Park site

A public art installation lights up the Galleria on the Park construction site as phase two gets underway.