Industry News
REMI Network
Auditor General flags several condo sector oversights
Ontario's Auditor General Bonnie Lysyk revealed major concerns in her first audit of the condo sector and its two authorities.
Canadian Apartment Magazine
Avenue Living surpasses $2 billion in assets
Avenue Living announced it has surpassed $2 billion in assets under management during the COVID-19 pandemic, growing by 30 per cent since December 2019.
Canadian Facility Management & Design
Safety body advised to redeploy resources
Ontario’s Electrical Safety Authority (ESA) has been advised to place greater priority on the scrutiny of complex installations and adopt technologies to better support efficient, cost-effective service delivery.
REMI Network
REMI Network extends COPA nomination streak
Fittingly for 2020, both nominations for the Canadian Online Publishing Awards are tied to reporting how the property and facilities management sectors responded to the challenges of COVID-19.
Canadian Facility Management & Design
StorageVault completes $220-million deal
Six vendor groups were involved in the deal for 13 store locations and a vacant land parcel.
Canadian Apartment Magazine
First virtual MAC Awards honours best of 2020
The first virtual MAC Awards honouring achievements in Ontario's rental housing sector was held Thursday, December 3, 2020.
REMI Network
Townhouse demand up during pandemic: report
The supply of townhouse land remains scarce. As a key component of the “missing middle,” this land is often prohibitively expensive in urban areas.
Canadian Apartment Magazine
Ontario’s new standard lease form
The Province of Ontario has updated its standard lease form to take into account RTA changes that were introduced last July by Bill 184.
Canadian Apartment Magazine
CAPREIT acquires newly completed Halifax rental property
CAPREIT announced it has purchased a newly constructed Halifax rental property, located in the suburb of Bedford, for $11.9 million.
REMI Network
Mixed-use restoration set for 150-year-old church
A Toronto developer is converting an historic church in Ingersoll, Ontario, into a mixed-use hub of office, event and retail space.
REMI Network
NRC’s new advanced materials research facility opens in Mississauga
The National Research Council's new advanced materials research facility, now open in Mississauga, will serve as a national clean energy hub.
REMI Network
GTA rents continue to decline
GTA rents continue to decline, with condo rentals in downtown Toronto seeing the most significant drop in rates at 16 per cent.
Canadian Apartment Magazine
Low-income households foiled on energy savings
Prince Edward Island and Nova Scotia are the top spenders to alleviate energy cost pressures on low-income households among Canadian provinces.
REMI Network
New standard for accessible homes announced
The a new, national standard for affordable, adaptable and accessible homes will form the foundation of a new Rick Hansen Foundation Accessibility Certification module.
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.
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.
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.



