Industry News

REMI Network

REMI Network earns three 2018 COPA nominations

After winning gold in 2017, the REMI Network is again a Canadian Online Publishing Award finalist for Best Trade Media Website.
Hurricane Florence

Hurricane Florence could swamp asset values

REITs hold more than 5,500 properties in the area flagged for storm surge and other severe weather fallout.
rental housing industry

Record-setting U.S. rent growth continues

U.S. multifamily rents in August maintained the year's torrid pace, according to the Yardi Matrix Multifamily National Report for August 2018.
1235 Marlborough - exterior of building. (CNW Group/The Minto Group)

Minto’s new Oakville rental property now LEED registered

Minto Capital announced that its new purpose-built rental tower, 1235 Marlborough in Oakville, Ontario, is now LEED registered.
National Housing Strategy

Quebec social housing advocacy group launches 28-day march

A social housing advocacy group in Quebec has launched a 28-day march in an effort to raise awareness about social housing issues in the lead-up to the provincial election.
Canadian REITs

Canadian REITs mark 25 years on the TSX

Since the first two listings in 1993, investors can now look to 44 REITs with a collective market capitalization of $62 billion.
tony_irwin_remi

FRPO appoints new president and CEO

FRPO announced it has appointed Tony Irwin as its new president and CEO, replacing Daryl Chong who has been the interim president since February 2018.
stop collecting carbon tax

Ontario utilities to stop collecting carbon tax

The Ontario Energy Board must provide direction before the levy can be removed from natural gas bills.
hoarding as a medical condition

WHO classifies hoarding as a medical condition

If more sufferers seek help, landlords could be among the beneficiaries of better awareness and kinder perceptions of hoarding.
CoHere

Unique affordable rental housing project opens in Vancouver

A unique affordable rental housing project has officially opened in Vancouver’s Commercial Drive and Grandview-Woodlands neighbourhood.
Apartment Building

U.S. multifamily sector remains strong in 2018

Strong market fundamentals, an abundance of capital, and an influx of investors continue to propel the U.S. multifamily investment market, according to a new report.
Firefighters

High-rise fire displaces hundreds in downtown Toronto

A six-alarm high-rise fire was successfully extinguished after a blaze broke out in the downtown apartment, resulting in hundreds of displaced tenants.
student housing

Alignvest Student Housing completes acquisition

Alignvest Student Housing announced it has completed the purchase of its first purpose-built student accommodation located at 181 Lester Street in Waterloo.
affordable housing

Trudeau urged to make good on housing commitment

At a press conference in Ottawa, advocates released an open letter to Prime Minister Trudeau urging him to make good on his housing commitment by enshrining "the right to housing" in upcoming National Housing Strategy legislation.
Greener buildings

Starlight Investments to install energy storage systems

Peak Power Inc. announced it has signed an agreement to install up to 2350kW / 4700kWh of energy storage systems to target Ontario peak demand charges with Starlight Investments.
investors chase multifamily properties

Investors chase multifamily properties

Midyear results from CBRE and Colliers International reveal that almost every other property type, except premier office, is trading at higher cap rates in major Canadian markets.
CCA-national-awards

Canada and Quebec invest in low-rental housing upgrades

The governments of Canada and Quebec announced the completion of $1,398,000 in modernization work at La Maison du lac, a building that is part of