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Canadian Apartment Magazine

InterRent acquires two Burlington properties

InterRent REIT announced that it has entered into an unconditional agreement to acquire two properties, totaling 123 suites, within the city of Burlington, Ontario.

REMI Network

Edgefront REIT to buy two industrial properties

Edgefront Real Estate Investment Trust (the REIT) will be purchasing two industrial properties, one in British Columbia and the other in Saskatchewan.

REMI Network

BOMA BEST 3.0 questionnaire in development

Following the recent news of a more improved BOMA BEST brand coming to market, comes the announcement of a new questionnaire called BOMA BEST 3.0.

Canadian Apartment Magazine

CAPREIT named an Aon “Best Employer”

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) announced that it has been selected as a Platinum Level Aon Best Employer in Canada.

Canadian Property Management

Bentall Centre for sale in Vancouver

Ivanhoe Cambridge has put the iconic Bentall Centre in Vancouver on the market. The sale of the four distinctive office towers could become one of the largest transactions in the city’s history and is expected to attract worldwide interest.

Canadian Apartment Magazine

Apartment vacancy drops in Vancouver

According to a Canada Mortgage and Housing Corporation November report, Vancouver’s already-low apartment vacancy rate has fallen to 0.8 per cent, down from 1.0 per cent last year

Canadian Property Management

David Podmore wins a 2016 Rix Award

The Vancouver Board of Trade has named Concert’s chairman and chief executive officer, David Podmore, as the recipient of its 2016 Rix Award for Community and Corporate Citizenship.
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Canadian Apartment Magazine

Killam announces highest quarterly earnings

Killam Properties Inc. reported funds from operations (FF0) per share of $0.24, up from $0.23 in Q3-2014 in what is now its highest quarter in history.

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Expected growth for Canadian holiday retail sales

Holiday retail sales in Canada are projected to grow four per cent over last year, with Millennials driving spending and British Columbia leading the sales.

Canadian Apartment Magazine

Northern Property REIT now called Northview

Northern Property Real Estate Investment Trust and True North Apartment Real Estate Investment Trust announce transactions; officially change name to Northview Apartment Real Estate Investment Trust.

REMI Network

Suburban Montreal drives office market interest

Montreal’s downtown office market slowed in 2015' Q3, but the suburban market showed more activity, with a vacancy drop from 1.2 per cent to 9.4 per cent.
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Canada celebrates 2,466 LEED projects

The Canada Green Building Council has reported “strong growth” for LEED certified buildings in 2015.

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Park Lawn forms joint venture with Mattamy

Park Lawn Company Limited announced that it has entered into a binding agreement with Mattamy Development Corporation for the development of the company's property at 57 Linelle Street, in Toronto.

Canadian Apartment Magazine

LREIT announces sale of Winnipeg complex

LREIT announced that it has completed the sale of Colony Square in downtown Winnipeg for $70.25 million. The three tower complex consists of 428 apartment suites, approximately 83,300 square feet of commercial space and a 270-stall underground.
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REMI Network

Artis REIT to acquire Minneapolis office tower

Artis Real Estate Investment Trust (Artis) will be purchasing Canadian Pacific Plaza, a 26-storey office tower in downtown Minneapolis, Minnesota, for $68.6 million (U.S.).

REMI Network

GWL Realty Advisors buys Brampton mall

GWL Realty Advisors Inc. has acquired Credit Ridge Commons in northwest Brampton, Ontario, on behalf of an investor client.

REMI Network

IREM introduces affordable green certification

Due to hundreds of office, retail and multifamily properties unable to achieve LEED certification, IREM has launched an affordable alternative.