Industry News
REMI Network
Quebec condo sales rebound in July
Home sales, including condos, increased within the whole Montreal Census Metropolitan Area in July as prices also rose considerably.
Canadian Apartment Magazine
Newmarket welcomes new purpose-built rental development
The federal government announced it is financing $79 million to help construct 216 residential units located at 195 Deerfield Road in Newmarket.
Construction Business
Calgary’s $2.5 billion Alpine Park breaks ground
Construction has begun on Alpine Park, a $2.5-billion community in Calgary. The project is a 646-acre, next-generation greenfield development.
REMI Network
Galleria on the Park breaks ground
A socially-distanced ground-breaking ceremony took place for Galleria on the Park—the mixed-use community that will rise on a 20-acre site in Toronto.
Canadian Property Management
Hotel recovery relies on impulsive staycationers
Following what’s characterized as the most difficult quarter yet recorded for Canadian hotel owners and operators, industry analysts are tracking the arduous climb back from the early April trough.
Canadian Property Management
Investment deal resumption foreseen for Q3
Static cap rates reflect limited transactions in the second quarter of 2020, but commercial real estate analysts express confidence that asset values are holding under COVID-19-related pressures.
Canadian Apartment Magazine
Face masks now mandatory in Toronto multi-res common areas
Toronto City Council has voted in favour of a temporary bylaw requiring face masks or coverings in common areas of apartments and condominiums.
Canadian Apartment Magazine
Average rent in GTA down for 7th straight month
Average rent in the GTA has declined for the seventh straight month in June to $2,129, according to recent data from TorontoRentals.com and Bullpen Research & Consulting.
REMI Network
Markham Centre Campus to begin ascent
Markham Centre Campus (MCC)—an outpost for York University—will be the first public university in York Region when it rises in 2023.
Canadian Apartment Magazine
Survey finds significant number of adult Canadians moving back home
A new survey by Finder.com found that a significant number of adult Canadians are moving back home with parents due to the financial pressures of COVID-19.
REMI Network
Mass timber office tower T3 Bayside begins to rise
Starting its ascent in the Bayside Toronto community last week, T3 Bayside will bring 251,000 square feet of mass timber office space to the eastern waterfront.
REMI Network
CBRE Caledon invests in 12 Vantage data centres
CBRE Caledon acquired a stake in a $3.5-billion portfolio of 12 purpose-built high-quality data centres based in North America.
Construction Business
New B.C. online tool to extend COVID-19 layoffs
The B.C. government has unveiled a new online tool for employers and workers who need to extend temporary layoffs due to COVID-19.
Canadian Apartment Magazine
Vancouver approves controversial Birch Street rental tower
The City of Vancouver has approved plans for the controversial Birch Street rental tower, a 28-storey development located at the corner of West Broadway.
Canadian Apartment Magazine
Bill 184 is now a law in Ontario
Ontario has moved ahead with the controversial Bill 184 despite opposition from tenant advocates claiming it will lead to mass evictions.
Facility Cleaning & Maintenance
ASHRAE releases HVAC guide for reopening schools
A new 41-page guide from ASHRAE provides guidance on the operation of HVAC systems as schools prepare to reopen in the fall.
Canadian Apartment Magazine
Q2 transactions down significantly: JLL Real Estate
After a record-breaking 2019 and Q1-2020, the GTA multifamily investment market has felt the effects of COVID-19 with just 23 Q2 transactions in total.



