Industry News
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.