Current approval processes are hampering the development of safe and affordable housing in Ontario, according to a new research paper published by the OBOA.
Overall, average rents in Canada declined slightly in March after three straight months of increasing rental rates, according to the April national rent report produced by Rentals.ca and Bullpen Research & Consulting.
The partners will invest in in-suite and common area upgrades with the aim of generating more revenue from the units, which are located in the downtown cores on both sides of the Ottawa River.
A new government means a new round of scrutiny for Ontario's property assessment agency.
It's becoming harder for renting Canadians to make a move to condos. This is according to an RBC housing report that indicates the high price of single-family housing is driving demand for condos and creating intense affordability pressures.
According to the latest Royal LePage House Price Survey, low rental vacancy rates and rising rental costs in Calgary are contributing to a modest increase in condominium ownership.
ASH REIT announced it has purchased a portfolio of four high-quality purpose-built student accommodation ("PBSA") properties located in Waterloo, Hamilton and Oshawa.
Quebec promises to catch up on the delivery of previously announced affordable housing units, while Nova Scotia invests in major repairs in existing social housing buildings.
CAPREIT has announced that Mark Kenney, former COO, has been appointed Chief Executive Officer and a member of its board of trustees, effective March 27, 2019.
The 2019 budget promises the second top-up in as many years to the low-cost loan fund supporting construction of rental housing.
The 2019 federal budget allocates $950 million to underwrite retrofits and energy-efficient new development in the municipal, not-for-profit, private homeownership and affordable housing sectors.
Langley, British Columbia is set to become the home of the Fraser Valley’s first ever residential mass timber development - Legacy on Park Avenue.
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.
Starlight Investments, an affiliate of Blackstone Property Partners, announced they have jointly purchased eight Toronto-area apartment buildings containing 1,067 units.
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.
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 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.