Industry News
One Varsity will rise in downtown Kelowna
One Varsity will be among the first newly developed mixed-use buildings across from the University of British Columbia Okanagan campus.
Sask electricity rate set for 8% jump by April
SaskPower will introduce a 4 per cent electricity rate increase on September 1, 2022 and another on April 1, 2023.
Data on transitional general licences released
The CMRAO recently published data on the status of transitional general licences as this year's condo manager licence renewal cycle came to an end.
Condo rents reach new highs in the GTA
Condo rents across the Greater Toronto Area have ballooned since last summer. The average cost of renting a small bachelor unit is now $1,829 per month.
Vancouver approves historic land-use strategy
After almost three years of extensive public engagement, Vancouver City Council approved the first city-wide land-use strategy to make way for a more affordable and sustainable city.
Ontario brokerages join Luxury Portfolio International
Two residential brokerages recently joined the Luxury Portfolio International (LPI) network, along with ten other members around the globe.
U of Waterloo team to investigate missing middle housing
University of Waterloo researchers hope to explore local barriers explaining the “missing middle” and identify feasible and efficient potential solutions for the affordable housing crisis.
Urban mobility perks for Le Moden in Montreal
Bertone Development Corporation's $50-million project, which just celebrated its ground-breaking ceremony, consists of a four-storey and a 10-storey condo with ground-floor commercial space.
New clean building tax credit for B.C. owners
A new tax credit will make energy retrofits for multi-unit residential and commercial buildings more affordable, saving owners 5 per cent.
More interest rate hikes to follow in 2022, economists predict
Economists forecast a 15 per cent to 20 per cent drop in housing prices by the end of the year, with most believing new housing supply won’t bring prices down more than higher rate increases.
Alberta electricity rebate excludes multifamily
Rental apartment and condominium dwellers with sub-metered suites aren't eligible for the rebate, which has now been extended for an extra three months to total $300 for the year.
Almadev brings dual meaning to Elad rebrand
Elad Canada is now known as Almadev, a name chosen to signify the company's development and asset management pursuits.
Halifax approves 1000-plus homes across two sites
Development agreements for two sites designated as special planning areas under the Housing in the Halifax Regional Municipality Act have been approved.
Grosvenor acquires Oakridge Transit Centre
Grosvenor has acquired the Oakridge Transit Centre (OTC), one of the largest undeveloped sites in Vancouver.
HCRA amends New Home Construction Licensing Act
Ontario’s Home Construction Regulatory Authority has made changes to the condominium information sheet and license application forms for building and selling new homes.
625 Sheppard begins ascent in Bayview Village neighbourhood
Canderel broke ground at 625 Sheppard, a 10-storey mid-rise at Bayview and Sheppard.
Alba Condos breaks ground in Mississauga
Edenshaw Developments is planning its first residential geothermal heating and cooling system with its Alba Condos project.


















