Industry News

Christina Iacoucci promoted to BGO Canada helm

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

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

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More than 300,000 square feet of Class B office space has been withdrawn from Ottawa's downtown inventory as two separate commercial landlords pursue plans to replace it with rental housing.
rent growth

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 pledges modest housing spending

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.
RCMP

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

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.
safest cities

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.
Bill C-56

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. 
OREA

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 to resume earning interest

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

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.
rental market data CMHC

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.
Oakridge Mayfair

First phase of Mayfair West project revealed

Grosvenor has submitted a development permit application to redevelop the first phase of Mayfair West.
housing market

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

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.