Industry News

Toronto Community Housing

Toronto Community Housing announces restructuring plans

Toronto Community Housing Corporation (TCHC) announced plans to restructure in an effort to deliver better, faster service to its 110,000 tenants.
rental rates

Rental rates in Canada 8% higher than last year

New data from Rentals.ca and Bullpen Research & Consulting reveals that although rental rates have declined across Canada for the second month in a row, overall they are up 8 per cent from 2018.
SmartCentres and Greenwin partnerhsip

SmartCentres and Greenwin join forces on new Barrie development

SmartCentres REIT and Greenwin Inc. announced that they have entered into a 50/50 joint venture to develop a 7.8 acre lakefront property located in Barrie, Ontario.
Calgary apartment sector

Apartment sector leads lagging Alberta investment activity

Altus Group’s latest report on investment shows that both Calgary and Edmonton’s commercial real estate sectors were down significantly in Q2, excluding the apartment sector.
multifamily market

Canada’s multifamily market is most robust it has ever been: CBRE

Canada’s multifamily market is the most robust it has ever been, with low vacancies from coast to coast and rental rates at or near 10-year highs in most cities, according to CBRE.
Boardwalk and Riocan

Boardwalk and RioCan announce plans for new mixed-use development

Boardwalk and RioCan have announced plans for another mixed-use development, this one to be located in Mississauga, Ontario.
multi-suite rental sales

Multi-suite rental sales sustained record pace in Q2

The strong pace of Canadian commercial investment property sales and record-high levels in the multi-suite rental sector defined the second quarter of 2019, according to a new report issued by Morguard Corporation.
TheGalleria

First phase of Galleria on the Park revealed

Located at the corner of Dufferin and Dupont in Toronto's west end the project began in 2015.
Accessibility

Feds invest in Toronto affordable housing repairs

The federal government has announced a $116 million financial commitment to help support of the Toronto Community Housing Corporation's 2019 Capital Repair Plan.
Montreal property owners

Complacency could cost Montreal property owners

Proposed changes to Quebec's Act Respecting Municipal Taxation will tighten the timeline for disputing the property values ascribed to smaller apartment and commercial buildings assessed at less than $3 million.
lending institution

Canada invests in new lending institution to spur affordable housing

Through the Government of Canada’s Affordable Housing Innovation Fund, $20 million is being invested in a new lending institution called HPC Housing Investment Corporation (HI-C).
The international, Calgary

Calgary’s International Hotel converts to rental

Minto Apartments announced it is converting Calgary's International Hotel into premium long- and short-term rental apartments, to be known as The International.
shoreline protection rehabilitation

Toronto invests in shoreline protection infrastructure

With the support of the Government of Canada, Toronto's shoreline protection infrastructure will undergo extensive rehabilitation.
rental rates

RentSeeker.ca continues to disrupt the digital rental marketplace

As Canada’s population becomes increasingly digital friendly, transitioning towards a digital rental marketplace is inevitable. Find out how Rentseeker.ca is leading the transition.
portfolio share

Investors pad multifamily’s portfolio share

Multifamily assets have enjoyed the most growth in real estate portfolio share of any property type thus far in the 21st century, jumping from 11 per cent to 17 per cent of investment allocation.
affordability

Affordability worse for renting Canadians: Report

New data from Rentals.ca shows that affordability for low-income Canadian renters is worse than what was reported in mid-July by the CCPA.
Horizon North

Apartment construction bolsters July housing starts

The trend in housing starts was 208,970 units in July 2019, compared to 205,765 units in June 2019, according to Canada Mortgage and Housing Corporation (CMHC).