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Canadian Apartment Magazine

Starlight acquires Houston multi-family property

The Ontario-governed Starlight U.S. Multi-Family Core Fund (Starlight) has announced its acquisition of a 114-unit multi-family property, known as The Reserve at Jones Road, in Houston, Texas. The garden style, Class “A” apartment, located at 11925 Jones Road, was completed in 2013 and, as of November 10, was 94.7 per cent occupied.

Canadian Apartment Magazine

Purpose-built rental housing opens in Lévis

A new, 72-unit rental housing development in Lévis, Q.C., has officially opened, offering low to moderate-income families and individuals housing options adapted to their needs. The $10.8 million project, known as Monseigneur-Bourget, is comprised of four buildings.

Canadian Apartment Magazine

Affordable housing for seniors opens in Dauphin

Seniors in Dauphin, M.B. will now have the option to rent an affordable apartment in the new Mountain View Villa development, which officially opened on November 14. The building, located on a three-acre site on Whitmore Avenue East in Dauphin, consists of 29 two-bedroom and 11 one-bedroom apartment homes.

Canadian Apartment Magazine

IAH Agreement extended in Nunavut

Nunavut’s Investment in Affordable Housing will be extended until 2019, to ensure access to affordable and adequate housing options for all Nunavummiuts. The extension is made possible through equal investments from the Governments of Canada and Nunavut. This investment is in addition to $100 million from the Economic Action Plan 2013 (EAP), provided by the federal government as a result of Nunavut’s distinctive need for new affordable housing.

CondoBusiness

Despite declines, housing starts meet demand

According to Robert Kavcic, Senior Economist at the Bank of Montreal, home building activity across Canada is in line with demographic demand and population trends. Although new home construction slipped in October, starts have averaged a 191,000 unit annualized pace for the first nine months of the 2014.

CondoBusiness

Demand for Calgary condos fuels launch success

According to market analysts, condo demand is outpacing supply in the Calgary area. This is good news for Anthem Properties Group (Anthem), a Western Canadian developer who just launched the third phase of Waterfront, a condominium development located at 216 Riverfront Ave SW in Calgary, A.B. The grand opening, which took place last week, allowed the developer to sell 252 of 288 units, the highest number to sell during a grand opening since the recession.

CondoBusiness

New green condo planned for Laval

Urbania 2, a new condominium development in Laval, Q.C., will focus on environmental sustainability and green building. Initially, the development will feature 212 condo units and 16 floors. However, once completed, it could include up to six buildings and 1,150 units.

REMI Network

Location and quality key for Toronto West areas

Tenants searching for higher-quality office buildings are driving development in Toronto West neighbourhoods, such as Meadowvale. With more than 260 square feet currently under construction,

REMI Network

Real estate market concerns senior execs: report

Senior executives in various commercial asset classes face ongoing concerns regarding the future success of Canada’s real estate market, according to recently released Q4 results

REMI Network

Metro Vancouver’s growing industrial hub

A custom-built facility for R. Wales Canada, a manufacturer of processing equipment for the resource sector, is coming to Campbell Heights North—a fast-growing industrial hub in southeast Surrey,

REMI Network

Rael Diamond, new president and COO of CREIT

Rael Diamond has been named new president and chief operating officer of Canadian Real Estate Investment Trust (CREIT). Shortly after joining CREIT in 2012, Diamond

REMI Network

Allied purchases new spot on King Street West

With the impending purchase of 485 King Street West in Toronto for $8 million, Allied Properties will be able to improve its nearby intensification project

Canadian Apartment Magazine

Pure Multi sells Texas property for $10.5 million

Pure Multi-Family REIT announced that it has entered into an agreement to sell Windscape Apartment Homes, located in Grand Prairie, Texas—a submarket of Dallas-Fort Worth,
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Canadian Apartment Magazine

CAPREIT named one of Canada’s top employers

For the second year in a row, CAPREIT has been selected as one of Canada's Top-Fifty Best Employers by AON Hewitt.

Canadian Facility Management & Design

Student-designed YMCA hub unveiled

The concourse area of Toronto Central Grosvenor St. YMCA Centre in downtown Toronto recently underwent a sustainable makeover, and has since been officially unveiled.

REMI Network

A new green roof for Toronto’s Sherway Gardens

Toronto is getting greener by the day, thanks in part to the installation of a new green roof on the Sherway Gardens Shopping Centre expansion

REMI Network

Triovest Realty appoints new retail VPs

Tom D. Falls and John G. Crombie have both been appointed as senior vice-presidents of the retail division at Triovest Realty Advisors. Falls stepped into