Industry News
REMI Network
Tricon acquires portfolio of U.S. rental homes
Tricon American Homes announced that it has agreed to extend the closing date of its acquisition of a portfolio of 1,386 single-family rental homes.
REMI Network
Canada’s first 2030 District launches in Toronto
In response to climate change, a public-private, building sector-related coalition has launched Canada’s first 2030 District to help reduce energy, water and transportation carbon emissions
Canadian Apartment Magazine
Strategic Group expands in Atlantic Canada
Calgary-based Strategic Group continues to expand its Atlantic residential rental portfolio. In early 2015, the privately-held real estate company announced that it had acquired the debt of the Atlantic Living Group of Companies.
Canadian Property Management
Quebec commits funds for sprinkler retrofits
The 2015-16 Quebec budget earmarks $70.6 million over the next five years to underwrite sprinkler retrofits in more than 1,300 privately owned seniors’ residences. This
Construction Business
B.C. launches 10-year transportation plan
The British Columbia government has announced a new 10-year transportation plan, called “B.C. on the Move.” The $2.5 billion plan outlines critical investments and improvements
Construction Business
Alberta to invest $6.5 billion in infrastructure
Alberta’s recently released Budget 2015 includes a new five-year Capital Plan that will meet the province’s needs for new infrastructure. This includes roads, schools, hospitals and
REMI Network
Canada’s largest RNG facility opens in Quebec
Progressive Waste Solutions has opened Canada’s largest renewable natural gas (RNG) facility in Terrebonne, Quebec. Located near Montreal, the $44-million RNG facility is designed to
CondoBusiness
Tarion announces home builder awards finalists
Tridel and Concert Properties are among the high-rise finalists selected for the 2015 Tarion Awards of Excellence, recognizing superior customer service. Organized by Tarion Warranty
Canadian Apartment Magazine
Vancouver to review Residential Tenancy Act
Gregor Robertson, Mayor of Vancouver, has asked the City’s Renters Advisory Committee to review the province’s Residential Tenancy Act in order evaluate what improvements would be favourable for renters. The recently established committee was developed to give renters, who comprise over half of Vancouver households, a voice at City Hall.
CondoBusiness
Over a third of millennials prefer city life: survey
A recent survey from TD Canada Trust (TD) found that millennials are more likely to choose an urban lifestyle while older generations tend to gravitate to small towns or rural settings. Across the board, each age group believed that suburbs were the ideal neighbourhood in which to raise a family, although Gen Y individuals indicated an interest in staying in the city if family-sized condo options were available and attainable.
REMI Network
Strategic Group acquires B.C.’s Duncan Centre
Strategic Group has acquired a 27.9-acre retail-focused property on Vancouver Island, 50 kilometres north of Victoria, British Columbia. The Duncan area purchase includes Duncan Centre,
CondoBusiness
Affordable condominium project opens in T.O.
A new condominium development, designed to offer affordable home ownership opportunities for Toronto residents, has officially opened at 35 Saranac Blvd. in Toronto, Ont. The 341-unit project, known as Cranbrooke Village, was financed through the City of Toronto’s Home Ownership Assistance Program (HOAP) in collaboration with Options for Homes and sister organization Home Ownership Alternatives.
REMI Network
Mario Barrafato is new CFO of CREIT
Mario Barrafato has been appointed chief financial officer (CFO) of Canadian Real Estate Investment Trust (CREIT) effective March 30, 2015. “We are very pleased to
REMI Network
Plaza Retail REIT announces nine projects
Plaza Retail REIT is investing about $18.2 million in nine retail projects across Canada including four ground-up developments, three redevelopments of former KEYreit properties and
CondoBusiness
GTA high-rise sales up over last year: BILD
For the first time since 2012, low-rise sales have outpaced high-rise sales in the GTA for the first two months of the year, according to the Building Industry and Land Development Association (BILD). Up nine per cent from last year, new high-rise sales reached 1,333 units in February while low-rise sales totaled 1,465 units, a 17 per cent year-over-year increase.
REMI Network
Communities win grants for urban forestry
Twenty-two communities across Canada have recently won $300,000 in grants to grow and create urban green spaces. With funding from the 2015 TD Green Streets
Canadian Apartment Magazine
Multi-family housing demand on the rise: CBRE
According to a recent report from the CBRE, demand for multi-family housing is stronger than ever in Canada and, as such, developers are shifting their focus to purpose-built rental housing. The CBRE says multi-family starts rose 52.2 per cent over the five-year average in 2014 as a result of low vacancy rates and a lack of affordable home ownership opportunities.




