CondoBusiness - Industry News
REMI

Industry News

Multi-res cost-effective for EV charger access

Multi-res cost-effective for EV charger access

Multi-residential buildings are seen as a cost-effective option to expand EV charger access and reduce required investment in pricier public infrastructure.
Cloverdale Mall

Condos kick-start Cloverdale Mall redevelopment

A condo development will kick-start QuadReal’s Cloverdale Mall reboot. Mattamy Homes plans to build on a standalone 2.3-acre site at 2 and 10 The East Mall Crescent.
The Legacy Collection

Vandyk Properties introduces The Legacy Collection

Vandyk Properties introduced The Legacy Collection, a new group of housing development projects across the Greater Toronto Area.
Rising interest rates alter slant on CRE values

Rising interest rates alter slant on CRE values

Rising interest rates have Canadian commercial real estate players adjusting their expectations about cap rates and internal rates of return.
H Mart

H Mart will anchor M2M community in North York

Aoyuan International’s upcoming M2M mixed-use community of nearly nine acres in North York will welcome Asian supermarket H-Mart as its anchor tenant.
renters

Offshore single-family rental REITs sidelined

A two-year prohibition on foreign investors acquiring single residential dwellings, duplexes or triplexes is set to begin January 1, 2023.
carbon

Standard will assess carbon across whole building life cycle

ASHRAE and the International Code Council are developing a standard to assess carbon emissions across the entire building life cycle. 
Deep Retrofit Challenge

Toronto opens applications for Deep Retrofit Challenge

The City of Toronto's Deep Retrofit Challenge, which aims to accelerate the reduction of greenhouse gas emissions from large commercial buildings, is now open for applications.
virtual meetings

Ontario extends deadline for virtual meetings by one year

The Ontario government has extended the deadline for condo corporations to call and hold virtual meetings and permit electronic voting without a bylaw.
BILD

Cameron Stephens Equity Capital partners on two condo projects

The condos will ultimately bring more than 1,000 new housing units to North York and the city's downtown east side.
home sales

Six in ten non-homeowner millennials intend to buy a home

A large swath of millennials believe they will own a home someday, despite previous buyer despair during the pandemic from those aged 26 to 41.
Retrofit Accelerator

Victoria new buildings to be zero carbon by 2025

Victoria will require all new construction to be zero carbon by 2025, part of its accelerated climate action plan.
inflation

Inflation causing Canadians to falter on housing payments

The rising cost of living is causing more than 1.3 million Canadians to fall behind on housing payments.
fire code

Bylaw for high-rise radio communication proposed in Kamloops

A new report presented to City Council last week states an increase in high-rise structures is hampering radio communication among emergency responders.
housing accelerator fund

Ontario introduces Strong Mayors, Building Homes Act

Ontario announced new legislative changes that, if passed, would give the mayors of Toronto and Ottawa more power to advance provincial priorities related to housing.
Rules for first home savings accounts unveiled

Rules for first home savings accounts unveiled

As proposed, Canada’s first home savings accounts (FHSAs) would share features with both registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs),
Canopy

Canada’s first Canopy by Hilton to open this November

Easton’s Group of Hotels recently completed the structural framework for what will be the Canadian debut of Canopy by Hilton. The 184-room hotel is slated