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REMI Network

Two Canadian rec centres win ASHRAE awards

Nine projects across North America, including a Quebec-based complex and a recreation facility in British Columbia, have won an ASHRAE Technology Award. The awards recognize

CondoBusiness

Mattamy to purchase Toronto condo builder

New home builder Mattamy Homes (Mattamy) has agreed to purchase Monarch Corporation (Monarch), the Canadian division of US homebuilder Taylor Morrison Home Corporation. Monarch is involved in the development of condominiums in Toronto, Ont. Currently, the purchase price for Monarch is set at approximately $330-million.

Canadian Apartment Magazine

Purpose-built rental vacancies up in 2014: CMHC

According to the Canada Mortgage and Housing Corporation (CMHC), Canada’s purpose-built rental apartment vacancy rate increased, year-over-year, in October 2014. The CMHC’s Rental Market Survey, released Dec. 16, indicated that the average Canadian rental vacancy rate rose to 2.8 per cent. Inventories and average rents also rose over the course of the year.

REMI Network

Retailers still selling toxic holiday decor: study

‘Tis the season to be environmentally-friendly? The Ecology Center, a non-profit organization based in Michigan, U.S., has raised this question after finding that popular retailers

REMI Network

QUEST’s Community Energy Builder winners

The 2014 annual Community Energy Builder Awards were recently presented to three Canadian winners to honour leadership and innovation in advancing smart energy communities across

REMI Network

Excellence in Corporate Responsibility winners

To celebrate outstanding work in ethical and sustainable business practices, the 2014 Excellence in Corporate Responsibility Awards (ECR Awards) were recently handed out at Toronto’s

REMI Network

Vince Brown is new president, CEO of Triovest

Vince Brown has been named the new president and chief executive officer of Triovest Realty Advisors. Over the past 15 years, Brown has worked for
REMI

CondoBusiness

Home sales up from November last year: CREA

According to the latest data from the Canadian Real Estate Association (CREA), Canadian home sales increased, year-over-year, by 2.7 per cent in November. Similarly, the average national sale price rose 5.7 per cent when compared with data from November 2013.

CondoBusiness

Alberta builders support new condo legislation

The Government of Alberta is moving ahead with plans to modernize condominium legislation throughout the province, a change the Canadian Home Builders’ Association – Alberta (CHBA – Alberta) welcomes with enthusiasm. The new legislation, known as Bill 9, coincides with the New Home Buyer Protection Act, introduced earlier this year, to provide 10-year warranty protection to single or multifamily home buyers.

CondoBusiness

Calgary’s condo sector breaks area records: CREB

Year-to-date sales growth in Calgary’s condominium market is breaking records, according to data collected by the Calgary Real Estate Board (CREB). Throughout the region, all housing types experienced a growth in year-to-date sales. However, condominium apartment and townhouse sales are currently standing at record levels, with a combined increase exceeding 19 per cent.

REMI Network

Allied joins Westbank to redevelop T.O. property

Allied Properties, along with Westbank, is set to acquire and redevelop an early 20th century building in downtown Toronto for $47 million. Built for light

REMI Network

Melcor acquires Edmonton’s White Oaks Square

Melcor REIT has fully acquired White Oaks Square shopping centre in Edmonton. The mixed-use office and retail destination situated in more than five buildings across

REMI Network

PIRET closes on western Canadian portfolio

Pure Industrial Real Estate Trust (PIRET) has finalized the purchase of a western Canadian portfolio, including one Ontario-based property for $55 million. Located in Edmonton,

CondoBusiness

Outlook strong for Canadian condos: RE/MAX

According to the latest Housing Market Outlook Report from RE/MAX, the Canadian condominium market is expected to remain strong and healthy in 2015. Throughout 2014, “condominiums continued to grow their share of the market in many regions,” the report stated. As such, a lack of affordable single-family homes in areas such as Toronto and Vancouver, made condos an attractive option for first-time homeowners and young families.

Canadian Apartment Magazine

Gov’t funds sought for co-op housing members

The Co-operative Housing Federation of Canada (CHF Canada) is seeking funding from the federal government to provide rental assistance to low-income households in federally-funded housing co-ops. Through a campaign called “You Hold the Key – Fix the Co-op Housing Crunch,” CHF Canada is requesting that the Canadian government invest in a long-term strategy to address the needs of co-op members who are seniors, new Canadians, aboriginal people or persons with mental and physical disabilities.

Construction Business

Two engineering firms announce pending merger

The MCW Group of Companies and Hemisphere Engineering Inc. have announced that they are in late-stage negotiations to form a new engineering entity in Alberta.

Canadian Apartment Magazine

Killam grows Canadian multifamily portfolio

Canadian residential landlord Killam Properties Inc. (Killam) has fully acquired or acquired interest in three multifamily rental properties in Ontario and one in Alberta. The $97.1-million in acquisitions, which were originally announced on Nov. 10, include apartment communities in London, Ottawa, Mississauga and Calgary.