Industry News
Christina Iacoucci promoted to BGO Canada helm
Christina Iacoucci has been promoted to head of Canadian business at BentallGreenOak (BGO) and will also continue to serve as BGO’s chief investment officer in Canada.
IREM backs women aspiring to career advancement
The IREM Foundation, the charitable arm of the Institute of Real Estate Management, is offering a 2024 scholarship to support women working towards professional certification.
Office conversion eases Ottawa’s Class B woes
More than 300,000 square feet of Class B office space has been withdrawn from Ottawa's downtown inventory as two separate commercial landlords pursue plans to replace it with rental housing.
New Rental Market Industry Index coming soon
Rentals.ca has partnered with Statistics Canada to create the Rental Market Industry Index, a new data-based resource for landlords, renters and policymakers.
Nova Scotia funding 31 clean energy projects
Nova Scotia is funding 31 clean energy projects with the goal of cutting GHG emissions across the province.
Surrey streamlines development timelines
Surrey has approved exemptions for apartment buildings up to six stories and commercial/office buildings up to three stories from requiring Advisory Design Panel (ADP) review.
CAPREIT ends 2023 with series of transactions
CAPREIT ended off 2023 with a series of transactions that included the purchase of two newly constructed rental apartments in British Columbia.
New study ranks Canada’s safest cities
A recent study conducted by the money experts at Money.ca reveals the top ten safest cities to live in Canada using data from Canadian Crime Index.
Affordable Housing and Groceries Act receives Royal Assent
Bill C-56, otherwise known as the Affordable Housing and Groceries Act, received Royal Assent on December 15, 2023.
Housing affordability now “top priority” for Ontarians
New polling from the Ontario Real Estate Association (OREA) confirms that the majority of Ontarians are concerned about housing affordability and the high cost of living.
AB security deposits resume earning interest
Under the triggering formula in Alberta regulations, residential rental security deposits will resume earning interest in 2024 for the first time in 16 years.
Canada rekindling war-time housing plan
Canada is creating a catalogue of pre-approved home designs that builders can use to create more density and help solve the housing crisis.
Rent growth moderates for third consecutive month
The annual rate of rent growth in Canada moderated for the third consecutive month, with the average rent in November reaching $2,174.
First phase of Mayfair West project revealed
Grosvenor has submitted a development permit application to redevelop the first phase of Mayfair West.
Report forecasts busier housing market in 2024
The average residential sale price in most regions is expected to increase between two and 7.5 per cent in 2024.
Rentsync announces merger with software creator, Building Stack
Toronto-based marketing solutions provider, Rentsync, has merged with Montreal-based software creator, Building Stack.
FRPO announces 2023 MAC Awards winners
FPRO hosted the 2023 MAC Awards on November 30th at the Metro Toronto Convention Centre, where it announced this year's esteemed winners.