Industry News
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
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.





