Industry News

2019 gold

Stories to watch in 2019

The REMI Network's editorial team takes a look at last year's top stories and how they will continue to impact the commercial real estate industry in 2019.
the Annex Ottawa

Alignvest purchases Ottawa student residence

Alignvest Student Housing Inc. announced it has entered into a contract to purchase a new student housing property in Ottawa, known as "The Annex".
joint venture

Starlight and Homestead acquire two rental properties

Starlight Investments and Homestead Land Holdings announced they have jointly purchased two multi-residential apartment complexes for $241 million.
apartment transaction

Firm Capital Property Trust acquires Dartmouth rental building

Firm Capital Property Trust announced it has acquired a multi-residential building consisting of 69 units located in Dartmouth, Nova Scotia.
B.C. Rental Housing

B.C. Rental Housing Task Force submits final recommendations

In December, the B.C. Rental Housing Task Force submitted its final report and recommendations for "making B.C.'s rental housing system fairer."
apartment for rent

Average rent in Canada to rise 6 to 11 per cent

A new report released by Rentals.ca predicts that the average rent in Canada will increase 6 per cent in 2019. Municipally, it foresees increases by as much as 11 per cent in Toronto and 7 per cent in Vancouver.
community centre Bristol Library Tadoussac

New homeless residence and service building coming to Quebec

Construction on the Maison de Lauberivière will begin in March in the St-Roch neighbourhood of Québec. The government-funded building will feature 131 rooms for emergency and support services for homeless or vulnerable individuals.
unit sub-metering providers

Unit sub-metering providers dodge OEB oversight

In practice, the Ontario Energy Board has never exercised its authority to set electricity rates for sub-metered residential units because it has been finalizing a methodology for carrying out the new responsibility, which came into force in the spring of 2018.
rental housing

Ontario aims to make rental development easier

At a recent event, Ontario Premier Doug Ford stated that the government is committed to making it more appealing for developers to build rental housing.
MAESTRIA

$700-mil mixed-use development set for Montreal

Devimco Immobilier and partners have joined to develop MAESTRIA, the largest mixed-use real estate project in Montreal’s Quartier des spectacles.
industry excellence

FRPO announces 2018 MAC Award winners

The Federation of Rental Providers of Ontario (FRPO) announced the 2018 MAC Award winners at its sold-out gala in Toronto last night. Here is the list of winners...
RioCan

RioCan Living set to lease-up eCentral in Toronto

RioCan Living announced it is preparing to lease-up its first rental development, eCentral, in midtown Toronto. The 466-unit, purpose-built rental located at Yonge and Eglinton accounts for a fifth of its 2,300 rental units currently under construction.
light industrial property

Minto Apartment REIT expands portfolio in Calgary and Ottawa

Minto Apartment REIT announced it has purchased two multi-res buildings in Calgary for $63.8 million. In addition, it is moving forward on the redevelopment of a commercial property into a mixed-use multi-res and retail property in Ottawa.
developer housing starts

Canada issues update on national housing investments

The government of Canada has issued a detailed breakdown of its national housing investments, reporting that more than $5.7 billion has been spent on affordable housing since 2016.
retirement

Low-income seniors housing opens in Saskatchewan

The Government of Canada and the Province of Saskatchewan, along with the City of Humboldt and Stewart Properties, announced the completion of a new low income seniors housing community in Humboldt.
rental market

Ford announces rent control pull-back

As part of its newly announced “Housing Supply Action Plan,” the Ontario Government is proposing a strategy to increase the province’s rental housing supply through new measures affecting rent control.
energy efficiency

Affordable modular housing coming to rural Alberta

Individuals and families in rural Alberta will soon have access to modular housing via a new government-funded shipping container project developed through the Alberta Rural Development Network.