Industry News

Langley mass timber Legacy

Langley’s first mass timber development set to rise

Langley, British Columbia is set to become the home of the Fraser Valley’s first ever residential mass timber development - Legacy on Park Avenue.
multi-unit

Rental rates rise in Canada for third straight month

Average rents for all property types in Canada have risen for third consecutive month as rental demand increases with the arrival of the prime spring leasing season.
apartment transaction

Starlight, Blackstone acquire eight Toronto rental properties

Starlight Investments, an affiliate of Blackstone Property Partners, announced they have jointly purchased eight Toronto-area apartment buildings containing 1,067 units.
new development

Zahlco announces plans for new Brantford rental development

Zahlco Developments announced it has purchased two Brantford properties for the development of a nine-storey, 205-unit rental apartment with retail and adjacent townhomes.
multifamily deals Greybrook

US multifamily deals top office again in 2018

Canadian investors acquired USD $9.8 billion worth of multifamily properties in the United States last year, but that's a fairly small portion of the sector's USD $167.5 billion transaction volume.
GWL new rental

New rental tower breaks ground in Vancouver’s West End

GWL Realty Advisors formally broke ground on a 21-storey market rental tower at 1500 Robson Street in Vancouver's West End. When complete, the tower will add 128 purpose-built rental units to the neighbourhood lacking in vacant apartments.
for rent

Rent across Canada continues to rise: Report

The median monthly rent across Canada increased nearly 6 per cent in January over December to $1,747, according to the February national rent report created by Rentals.ca and Bullpen Research & Consulting.
flooding  modern interior loft in the evening. 3d concept design.

Mayor Tory announces new apartment tower safety measures

Mayor John Tory announced plans to implement new apartment tower safety measures after hundreds of families were displaced due to electrical failures at two high-rise buildings in Toronto.
Montreal

Feds invest $41.7 million in Montreal rental project

The federal government announced it is contributing $41.7 million toward the construction of a new Montreal rental project called Apero Phase 3, a 10-storey building in LaSalle.
quebec945x514

New association of real estate brokers launched in Quebec

The Quebec Professional Association of Real Estate Brokers (QPAREB) brings together more than 12,500 real estate brokers and agencies.
multifamily assets

Multifamily assets post value increase in 2018

Residential was the only sector that could boast capital growth in every market where institutional investors represented in the Canada Property Index hold properties.
downtown Toronto

Tricon expands multifamily development program

Tricon Capital Group announced it has expanded its Toronto multifamily development program, Tricon Lifestyle Rentals, with the addition of its seventh new project.
joint venture partnership

CreateTO appoints Brian Johnston as CEO

CreateTO has appointed real estate industry executive Brian Johnston as the real estate agency’s Chief Executive Officer (CEO).
regulatory load

OSC filers surveyed on their regulatory load

Issuers, registrants, investors and affiliated stakeholders are invited to submit written comments to the Ontario Securities Commission's Burden Reduction Task Force.
Montreal

Canada invests in Montreal affordable housing

The federal government announced funding commitments for three affordable housing projects in the Montreal area, valued at $27.6 million.
downtown Toronto

Survey says: Rent in Toronto highest in Canada

A new report from Rentals.ca reveals that rent in Toronto is the highest in Canada for one- and two-bedroom apartments, while Ontario is still the most expensive province.
Waterloo development

Ontario proposes changes to Greater Golden Horseshoe growth plan

The Ontario government has proposed changes to the Growth Plan intended to help increase housing supply, attract investment and protect jobs in the Greater Golden Horseshoe.