Industry News
Canadian Property Management
Toronto office vacancy rate hits record low
Thriving tech and e-commerce sectors drive commercial real estate records in the first quarter of 2019.
Canadian Apartment Magazine
Calgary condo market sees modest uptick as more renters look to buy
According to the latest Royal LePage House Price Survey, low rental vacancy rates and rising rental costs in Calgary are contributing to a modest increase in condominium ownership.
REMI Network
Plastic themed art drops in midtown Toronto
Natural Plasticity will occupy space at 55 St. Clair West for Earth Month 2019 to challenge the conversation around disposable culture.
Canadian Apartment Magazine
ASH REIT expands Ontario student housing portfolio
ASH REIT announced it has purchased a portfolio of four high-quality purpose-built student accommodation ("PBSA") properties located in Waterloo, Hamilton and Oshawa.
REMI Network
CaGBC launches initiative to encourage data transparency
According to CaGBC public energy disclosure is in its "infancy" in Canada.
REMI Network
Ford to BoE as Canada deals to reclaim Carney
"Some analysts are calling it a bold move for the central bank rebuild," Basel Sifi, a UK-based financial news correspondent, told the REMI Network earlier today.
Canadian Property Management
Sponsor loss cramps Toronto race2reduce
After inspiring replica competitions in cities across Canada, the second run of the Toronto race2reduce has hit a roadblock.
Canadian Property Management
CF Fairview Mall to get $80-million makeover
Cadillac Fairview (CF) and TD Greystone Asset Management (TD Greystone) are also in discussions with the City about rezoning the CF Fairview Mall site to accommodate additional, mixed-use density.
Canadian Property Management
Clinton Keay to join Crombie REIT
Crombie Real Estate Investment Trust (Crombie REIT) announced that Clinton Keay is joining the company as the chief financial officer and secretary.
REMI Network
Feds introduce funding for new training benefit
Canada's federal budget 2019 allocates funding to provide a benefit for workers updating skills training.
Canadian Apartment Magazine
Mark Kenney appointed CAPREIT CEO
CAPREIT has announced that Mark Kenney, former COO, has been appointed Chief Executive Officer and a member of its board of trustees, effective March 27, 2019.
CondoBusiness
Support announced for Canada’s first-time home buyers
The Government of Canada has revealed plans to provide additional support for Canadian home buyers.
Canadian Property Management
Blackstone eyes Bentall Centre for the long term
Vancouver's iconic Bentall Centre is set to have prominent new ownership.
Canadian Apartment Magazine
Feds promise more funds for new rental supply
The 2019 budget promises the second top-up in as many years to the low-cost loan fund supporting construction of rental housing.
Canadian Property Management
CBRE announces sale of the Toronto Plaza Hotel
The hotel had not operated as a traditional hotel since February 2016 with the City of Toronto leasing the rooms to help shelter the homeless.
Canadian Property Management
Edward Sonshine to retire from RioCan
RioCan chief executive officer, Edward Sonshine, announces plans to retire on March 31, 2021 – subject to a potential one-year extension.
Canadian Property Management
Fiera Capital acquires Integrated Asset Management for $74M
Fiera Capital Corporation has announced its acquisition of Integrated Asset Management for $74 million.
