Industry News

recreational properties

More Canadians seeking properties for investment or recreation

A new survey of RE/MAX brokers and agents has found that investment and recreational properties are on the rise across Canada, with 74 per cent of regions surveyed experiencing an uptick.
proptech innovation

Cheryl Gray recognized for proptech innovation

CRE Women of Influence are nominated by industry peers and evaluated based on professional achievement, contributions to the broader real estate industry and their actions as role models and mentors for other women.
construction worker at building site with copy space

Brightside announces plans to redevelop five properties

Brightside Community Homes Foundation, one of Vancouver’s oldest and largest affordable housing societies, announced plans to redevelop five of its current buildings in an effort to respond to Vancouver’s housing crisis.
rent increase guideline

Average monthly rents continue to trend upward

The average monthly rents in Canada increased another 1.9 per cent in June , according to the latest National Rent Report produced by Rentals.ca and Bullpen Research & Consulting.
Apartments

Rental prices leveling out in major European cities

After continuous, and sometimes steep, increases in rent in major European cities over the past few years, prices seem to have plateaued and are leveling out this quarter, according to a new report from HousingAnywhere.
housing starts

Multi-unit construction boosts housing starts in June

The trend in housing starts was up in June 2019 compared to May primarily due to multi-unit apartment construction.
energy retrofits

Government invests in deep energy retrofits

The government announced it is investing $5.75 million towards deep energy retrofits in four multi-residential buildings in the cities of Toronto and Hamilton.
Global Property Index

Canada inconspicuous in Global Property Index

The 2018 total return on Canadian real estate assets was in the back half of the pack among 25 national markets, but Canada is part of a smaller group of 12 that can boast an improvement over 2017 results.
Molson

Condos, rentals coming to Montreal’s Molson site

A Quebec consortium has finalized the purchase of Montreal's Molson brewery site, clearing the way for a redevelopment that will introduce “diverse housing alternatives that meet the needs of the neighborhood and future residents.”
handshake945x514

Avison Young scoops Edmonton-based multifamily veterans

Avison Young has announced the strategic hiring of industry veterans Amit Grover and Jandip Deol to head up their new Edmonton multifamily office.
Best Renovation

CRRA awards Boardwalk “Best Renovation” of 2019

Calgary's Residential Rental Association (CRRA) has recognized Boardwalk for the second year in a row for "Best Renovation" of a rental property.
rent increase guideline

Ontario 2020 rent increase guideline set at 2.2%

The Ontario government released its rent increase guideline for 2020, setting it at 2.2 per cent – the highest it’s been since 2013.
expanded Ontario cabinet

Ministers shift around expanded Ontario cabinet

The 28-member reconfigured roster brings some fresh faces to portfolios of key interest to the commercial real estate industry, but also leaves one of the most prominent players in place.
Toronto

Average monthly rent in Canada up 4% in May

Following two months of decline, the average monthly rental rate in Canada increased four per cent in May, according to the June national rent report produced by Rentals.ca and Bullpen Research & Consulting.
calgary_skyline_winter

Calgary adopts new land sale policy

Calgary City Council announced it has adopted a new land sale policy in an effort to promote the development of more affordable housing.
JulieSaucier945x514

QPAREB appoints president and CEO

Julie Saucier began her new position on June 3, 2019.
yonge-sheppard-centre_945x514

RioCan to acquire KingSett’s stake in Yonge Sheppard Centre

The transaction is expected to close by the end of August 2019.