Industry News

Institutional investors compare 10-year Canada bond rate to real estate returns

Canadian Property Management

Bond rate signals to institutional investors

A 100 basis point slide in the 10-year Canada bond rate over the course of the COVID-19 pandemic contributes to real estate’s continuing allure for institutional investors.
Ottawa rental properties

Canadian Apartment Magazine

CAPREIT acquires two Ottawa rental properties

CAPREIT announced it has waived conditions on the acquisition of two Ottawa rental properties for a total purchase price of $95.5 million.
CERS applications to be accepted as of November 23

Canadian Property Management

CERS applications to be accepted as of Nov. 23

Legislation to enable the Canada Emergency Rent Subsidy (CERS) received parliamentary approval late last week and an online application portal was expected to be operational for Nov. 23.
affordable housing

Canadian Apartment Magazine

CMHC, VCIB join forces to create affordable housing

CMHC and Vancity Community Investment Bank (VCIB) announced a ground-breaking collaboration to create affordable housing solutions across Canada.
Proposed Net-Zero Emissions Accountability Act tabled

Canadian Property Management

TCFD appears embedded in accountability Act

Newly tabled federal legislation would commit the Canadian government to set five-year targets and report progress in reaching the stated goal of net-zero emissions by 2050.
Coroner's inquest to examine circumstances of 2009 scaffolding collapse

Facility Cleaning & Maintenance

Inquest to examine 2009 scaffolding collapse

An inquest into the circumstances of the four construction workers' deaths is mandatory under Ontario's Coroners Act. A construction site supervisor has already been convicted.
investment Vancouver

REMI Network

Housing markets sinking despite rising prices, report finds

Housing markets are falling deeper into a slump despite increasing property prices, suggests a new report by The Real Estate Investment Network.
GRESB separates from GBCI and seeks B-Corp status

Canadian Property Management

GRESB swaps GBCI umbrella for B-Corp status

The global benchmark for ESG performance of commercial real estate portfolios and infrastructure investments has reacquired its independence and established a non-profit foundation to oversee standards development.
BC tallest rental development

Canadian Apartment Magazine

Starlight acquires tallest rental development in Western Canada

Skyline has completed the acquisition of Western Canada's tallest rental development, a high-rise, mixed-use, multi-residential building comprised of 398 rental units.
museum

REMI Network

Seismic rebuild planned for Museum of Anthropology

The Museum of Anthropology at UBC has begun preparations for a rebuild of its iconic Great Hall that will upgrade the resiliency of the space and protect its collection in the event of a major earthquake.
freeze on rent

Canadian Apartment Magazine

B.C.’s freeze on rent extended to July 2021

The Province of B.C. announced it has extended the freeze on rent increases until July 10, 2021, an announcement that comes as concerning news to the region's rental housing sector.
October 2020 rental data

Canadian Apartment Magazine

Average rent down 8.1% in Canada: October 2020

New rental data for October 2020 shows that average rents are down in most large metros, particularly for smaller luxury units located in busy neighbourhhoods.
Vernon property Skyline

Canadian Apartment Magazine

Highstreet, Skyline Living celebrate opening of new Vernon property

Highstreet Ventures and Skyline Living recently celebrated the grand opening of their new Vernon property, Creekview Heights Apartments.
long-term care

REMI Network

Ontario invests extra $761-mil into long-term care

The investment comes from the province's new funding model that helps accelerate the construction of urgently needed long-term care projects.
New tax credit could apply on eligible common area upgrades

CondoBusiness

New tax credit may apply on common area upgrades

The one-time tax credit applies on eligible capital improvements made in 2021 to safeguard seniors and enable mobility and independence within their current principal residence.
commercial evictions

Canadian Property Management

Ontario wires commercial evictions on/off switch

A proposed amendment to the Commercial Tenancies Act, included in Ontario's budget bill, would allow the Minister to impose future COVID-19-related prohibitions on commercial evictions via regulation.
Elaina's Sustainability Fund

REMI Network

Grant applications open for Elaina’s Sustainability Fund

Elaina's Sustainability Fund, by the Institute of Real Estate Management Foundation, is now accepting applications for funding to support green real estate management initiatives.