Industry News

Vestcor acquires minority interest in Crown Realty Partners

REMI Network

Vestcor forges further bond with Crown Realty

Vestcor Inc., the New Brunswick public sector pension plan administrator, has acquired a minority interest in Crown Realty Partners.
smart buildings

REMI Network

BOMA Canada pilots smart buildings certification

This certification sets a global standard for how smart buildings are measured, while also providing users with a roadmap to drive further asset enhancement and investment.
Manitoba education property tax rebate comes with a two-year freeze on allowable rent increases

Canadian Apartment Magazine

Manitoba tax rebate comes with rent freeze

About $248 million from the education levy will be returned to property taxpayers this year through 25 per cent rebates to residential/farm ratepayers and 10 per cent rebates to commercial/industrial ratepayers.
GTA vacancy rate

Canadian Apartment Magazine

GTA vacancy rate continues to climb

The GTA vacancy rate reached an all-time high in Q1-2021 according to a new survey by Urbanation looking at newer purpose-built rental apartments.
Ontario has not offered an electricity rate reprieve during the latest lockdown

Canadian Apartment Magazine

No electricity rate reprieve with this lockdown

There has been no rate relief with the latest stay-at-home imperative, but the Ontario Energy Board has extended the annual prohibition on electricity shut-offs during the cold months to cover much of May.
Nexus REIT bumping up industrial weighting

Canadian Property Management

Nexus REIT bumping up industrial weighting

Nexus REIT has entered agreements to acquire five single-tenant industrial buildings, which would add 609,000 square feet of gross leasable area to its portfolio.
Adeayomi Adeyemi named an IREM DISI leader

Canadian Apartment Magazine

Winnipeg multifamily manager named DISI leader

Adeayomi Adeyemi, a community manager with Hazelview Properties, has been named one of 10 leaders for 2021 through the Institute of Real Estate Management’s diversity and inclusion succession initiative.
Elaina’s Sustainability Fund

REMI Network

Global projects win grants through Elaina’s Sustainability Fund

Elaina’s Sustainability Fund has selected five organizations and individuals to receive the first round of grant funding.
waste management

Canadian Apartment Magazine

New merger provides one-stop shop for waste management  

Metro Compactor Service and Wilkinson Chutes Canada have merged to create a one-stop shop for residential waste management services. 
sellers' market

REMI Network

Extreme sellers’ market expected to let up in 2021

Although potential homebuyers may face less competition as the year goes on, a housing supply crisis looms in the background as prices go up and the population grows.
The Moderne

REMI Network

The Moderne to be one of Hamilton’s tallest condos

This is the latest phase in converting the century-old Royal Connaught Hotel in Hamilton, Ont., into residences.
homeownership

REMI Network

Canadians see dismal future for homeownership

Beyond the hot housing market, 36 per cent of the under-40 crowd are abandoning their dreams of ever owning a home.
Scotiabank

Canadian Apartment Magazine

Scotiabank announces $10 billion commitment toward new affordable housing

Scotiabank announced it will be aligning with CMHC to mobilize $10 billion over the next ten years to support the creation of new affordable housing.
office

REMI Network

1 in 3 workers may quit if called back to office full time

About 33 per cent of professionals currently working from home due to the pandemic would look for a new job if called back to the office full time.
SaskPower offers rate relief for community ice rink operators

Canadian Facility Management & Design

Ice rink operators offered SaskPower discount

It’s actually too late for Saskatchewan’s ice rink operators to apply for the funding outlined in the 2021-22 provincial budget earlier this week, but they could still qualify for electricity rate relief this spring and summer.
home prices

REMI Network

GTA home prices rise by up to 48% since COVID

Many people are relocating out of Toronto to the suburbs, driving home prices up. Here's where the highest appreciation is occurring.
Saskatchewan to tax EV owners for road upkeep

Canadian Facility Management & Design

Saskatchewan to tax EV owners for road upkeep

The 2021-22 Saskatchewan budget also commits more than $937 million to upgrade the provincial electricity system and nearly $175 million to underwrite an electricity rebate for SaskPower customers.