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Budget 2021

Canadian Apartment Magazine

Breaking down Budget 2021’s affordable housing funds

The federal government released it’s much-awaited Budget 2021, which includes funds to address Canada’s need for more affordable housing.
accessibility

Canadian Facility Management & Design

Feds amplify funding for accessibility upgrades

A $100-million injection to Canada’s Enabling Accessibility Fund will boost availability of grants for retrofit, renovation and construction projects to support universal navigability of the built environment.
Budget confirms 16-week CERS extension

Canadian Property Management

Budget confirms 16-week CERS extension

The Canada Emergency Rent Subsidy (CERS) will now be available until at least September 25, but at gradually declining levels after July 3.
correctional facilities

REMI Network

Budget includes millions for correctional facilities

Federal correctional facilities are getting a $154.6-million cash infusion beginning this year and carrying though to 2022, as many face rising cases of COVID-19 among inmates and staff.
Traffic evolving on the skilled trades career path

Construction Business

Federal budget 2021 supports skilled trades training

Canada’s federal budget 2021 lays out some important groundwork for a strong economic recovery including investments to train workers.
GO Residential REIT

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.
condominium rents

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.
Arkfield

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.
RHF

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.
mortgage

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.