Industry News

Institutional investors

Institutional investors see residential gains

This was the third consecutive year the REALPAC/IPD Canada Property Index showed improved returns on residential investment, and the second year running that residential was the top-performing property sector.
UK housing data standard

UK housing data standard promises efficiencies

A newly released data standard is the first step in an envisioned common platform for the United Kingdom's housing providers to manage and integrate information.
Red For Rent Real Estate Sign in Front of Beautiful House.

Ontario introduces new standard lease

Ontario is introducing a new standard lease that will be mandatory for private residential leases signed on or after April 30, 2018, including tenancies in
Ottawa

New affordable housing coming to Ottawa

The federal, provincial and municipal governments announced that they are investing over $74 million to create more than 675 affordable housing units throughout the city of Ottawa.
potential for rent growth

Cap rates reflect potential for rent growth

An already low national multifamily cap rated nudged down a little further in the fourth quarter of 2017.
condo supply and affordability

GTA condo supply and affordability in decline

Land for high-rise condominium development was a major component of $23.5 billion in investment property sales in the Greater Toronto Area last year.
evacuation priorities

Evacuation priorities drive B.C. code proposal

Proposed amendment would eliminate the requirement for signage instructing building occupants not to use the elevator in the case of a fire.
demand for vacation rentals

Demand for vacation rentals grew in 2017

Accommodations in Whistler, B.C. and Blue Mountain, Ontario, were the top draws among approximately 11,000 advertised Canadian destinations.
income and housing security

Income and housing security top senior concerns

Canada's largest seniors' advocacy organization is prioritizing housing needs for different stages of aging among five key issues it plans to champion this year.
investment

GTA condo rents surge nine per cent in Q4

According to Urbanation Inc., the number of condo units leased in Q4-2017 fell 11 per cent year-over-year as listings dropped by 16 per cent.
building upkeep and repair

Quebec tweaks building upkeep and repair rules

Neither Quebec's largest rental housing association nor public sector union is happy with recent changes to construction industry regulations governing voluntary work.
apartment transaction

Starlight U.S. acquires Atlanta property

Starlight U.S. Multi-Family announced it has acquired a 50 per cent interest in a 250-unit, garden style property known as Coventry Pointe, in Atlanta, Georgia.
CF Chinook Centre

Multi-million revamp for CF Chinook Centre

Cadillac Fairview is transforming the entire food court at CF Chinook Centre with a $17 million investment, along with other upgrades.
Toronto Community Housing

Toronto Community Housing announces 2018 revitalization plans

Responding to feedback from both tenants and the City of Toronto, the Toronto Community Housing Corporation (TCHC) has announced a range of tenant service enhancements and capital renewal plans for 2018.
office development

LaSalle launches Canadian open-ended real estate fund

LaSalle Investment Management announced that it has launched its first open-ended real estate fund, which will target commitments from Canadian and global institutional investors seeking access to the Canadian real estate market.
toronto_condos

Non-resident ownership of condo apartments remains low

According to a new report from CMHC, the share of condominium apartments owned by non-residents remains low in the 17 Canadian Census Metropolitan Areas (CMAs) surveyed.
rental housing

Saskatchewan amends rental legislation

Saskatchewan has introduced amendments to rental legislation to address recent concerns about cannabis, misuse of the eviction process, and the disposal of abandoned goods.