Industry News

waste diversion

Multi-res superintendent finds success with waste diversion program

Education and easy access are two key factors that helped an Ottawa-based condo find success with its waste diversion program.
rental

Vancouver quadruples purpose-built rental target

Purpose-built rental housing will quadruple – up to 20,000 additional homes over the next ten years.
hydro service cut

Quebec landlords resist swift hydro service cut

Hydro-Québec proposes a website-based registry in place of formally notifying property owners seven days in advance of terminating tenants' contracts.
Victoria multifamily market

Victoria multifamily market spurs construction

A vacancy rate below 1 per cent, steadily rising rents, compressing cap rates for existing properties and ample access to low-cost financing underpin Victoria's purpose-built rental housing boom.
rental housing

Rental housing complex breaks ground in Saskatoon

Construction has started on a new 26-unit affordable rental housing project in Saskatoon, Saskatchewan.
asbestos

Canada enforces new regs for handling workplace asbestos

Canada enforced changes to occupational health and safety regulations on workplace asbestos today and declared updates to national building codes.
affordable housing

Calgary to sell seven sites for affordable housing

The City of Calgary will be selling seven city-owned sites to non-profit affordable housing providers.
foreign home ownership

CMHC report addresses MURB ownership structure

A new CMHC report reveals that most of Canada's purpose-built rental apartments are owned by individual investors or private corporations.
Casalova

Casalova acquires My Property Managers

Canadian online real estate marketplace, Casalova, announced that it has acquired My Property Managers (MyPM) and its $35 million in assets under management.
Amsterdam skyline in historical area at night, Amsterdam, Netherlands. Ariel view of Amsterdam, Netherlands.

CAPREIT adds 19 properties to Netherlands portfolio

CAPREIT has expanded its Netherlands portfolio to include 19 new properties totaling 849 residential suites, in eight cities and towns.
rsz_london_ontario

New apartment complex planned for London

A new apartment complex is coming to the vibrant, growing market of London, Ontario, where apartment vacancy fell to 2.1 per cent last fall, the lowest it's been since 2003.
rsz_london_ontario

New apartment complex planned for London, ON

A new apartment complex is coming to the vibrant, growing market of London, Ontario, where apartment vacancy fell to 2.1 per cent last fall, the lowest it's been since 2003.
apartment transaction

Starlight sells Texas property; acquires Denver apartment

Starlight U.S. Multi-Family (No. 5) Core Fund announced that it has sold a 126-unit community in Houston, Texas, and plans to use the proceeds, along with the proceeds from the disposition of Belle Haven Apartments, to acquire Carrick Bend in Denver.
Barrie rental housing market

Trends favour Barrie rental housing market

The city's overall rental vacancy rate is projected to climb as new purpose-built supply comes onto the market, but then stabilize at a still landlord-friendly 2 per cent for 2018.
multifamily properties

Investor demand outstrips multifamily supply

Five major Canadian markets exhibit differing dynamics, but demand for multifamily properties is consistent.
short-term rentals

Regs proposed for short-term rentals in Toronto

City of Toronto staff are proposing that short-term rentals be restricted to the home-sharing variety versus the commercial kind.
anti-harassment legislation

Anti-harassment legislation fails NY tenants

New York State Attorney General Eric Schneiderman is attempting to amend 1990s-era anti-harassment legislation that has never been successfully employed to convict a rental housing landlord.