Industry News
Construction Business
Manulife Place set for a $45M redevelopment
The Manulife Place office tower in downtown Edmonton is set for a $45 million redevelopment by Epic Investment Services.
Canadian Apartment Magazine
Fitzrovia completes Sloane at Dufferin and Highway 401
Leasing is underway at Fitzrovia's new residential development, Sloane, a three-tower rental community at Dufferin and the 401 in Toronto.
REMI Network
Cambridge Memorial Hospital unveils its largest expansion
A new patient care tower is the largest redevelopment in the history of the Ontario-based hospital.
Canadian Apartment Magazine
Asking rents in Canada declined 3.2% in 2024
Hitting a 17-month low of $2,109, the average asking rents for all residential property types in Canada dropped 3.2 per cent in 2024.
Canadian Property Management
Office leasing makes national gains in 2024
Office leasing activity ticked up by 2.6 million square feet across 10 major Canadian markets in 2024, marking the first year of national positive net absorption since 2019.
Canadian Property Management
Net-zero targets could face integrity test
Companies could now run afoul of Canada's Competition Act if they publicize plans to reduce greenhouse gas emissions without properly mapping out how they will achieve those targets.
Construction Business
GWLRA plans False Creek mixed-use development
GWL Realty Advisors (GWLRA) is proposing a mixed-use development including office space and retail amenities in False Creek Vancouver.
REMI Network
UHN plans cancer care expansion at new property
University Health Network purchased a new 15-storey property in Toronto to expand programs in cancer care, research and education.
Canadian Apartment Magazine
The Bakerfield II opens in Newmarket
The Rose Corporation has officially opened The Bakerfield II, marking the end of the fourth phase of its 834-unit master-planned residential community.
Canadian Apartment Magazine
2024 saw historic rental supply growth
Canada's supply of purpose-built rental apartments grew by 4.1 per cent in 2024, the highest increase in over thirty years, according to the latest data from CMHC.
CondoBusiness
Ontario introduces crane inspection schedule
All tower crane components must now be inspected and verified to be operationally sound at 10-year intervals from either its manufacture date or its previous inspection.
Canadian Apartment Magazine
More Christmas tree fires likely to occur in January
A recent Christmas tree fire in a Toronto apartment has put the spotlight on holiday-related fire hazards and the need to educate tenants about fire safety.
Canadian Facility Management & Design
Vrancor Group to redevelop Niagara Falls hotel
Ontario-based Vrancor Group has acquired the 232-room Radisson Hotel & Suites in Niagara Falls with plans to undertake a comprehensive renovation and relaunch.
REMI Network
Insights from Altus Group’s Q3 Vancouver market update
After a strong second quarter, investment activity in Vancouver eased for most sectors in Q3-2024, but the long-term outlook remains positive.
Canadian Property Management
Feds launch Indigenous loan guarantee program
The newly launched federal Indigenous loan guarantee program is meant to counter historical obstacles that prevent reserve lands from being used as collateral to obtain private capital.
REMI Network
Housing sizes shift across Ontario
There’s a shift toward smaller condos and larger single-detached houses across the province, according to new data from the Municipal Property Assessment Corporation.
Canadian Apartment Magazine
Solo renters now outnumber solo homeowners
According to research from Point2Homes, solo renters make up over half of Canada’s one-person households, a trend led by Canadians aged 65 and up.