REMI Network - Industry News
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Industry News

renter feedback survey

Canadian Apartment Magazine

Alberta is in a “homebuilding boom”

The province of Alberta is setting new records for housing construction in Canada, according to year-end data from CMHC.
More deals but less industrial uptake in 2024

Canadian Property Management

More deals but less industrial uptake in 2024

Nearly 35.5 million square feet of new industrial supply came onto the market across 15 Canadian regions in 2024, as the year saw negative absorption and a climbing national vacancy rate.
Manulife

Construction Business

Manulife Place set for a $45M redevelopment

The Manulife Place office tower in downtown Edmonton is set for a $45 million redevelopment by Epic Investment Services.

Canadian Apartment Magazine

Fitzrovia completes Sloane at Dufferin and Highway 401

Leasing is underway at Fitzrovia's new residential development, Sloane, a three-tower rental community at Dufferin and the 401 in Toronto.
Cambridge Memorial Hospital

REMI Network

Cambridge Memorial Hospital unveils its largest expansion

A new patient care tower is the largest redevelopment in the history of the Ontario-based hospital.
August rents

Canadian Apartment Magazine

Asking rents in Canada declined 3.2% in 2024

Hitting a 17-month low of $2,109, the average asking rents for all residential property types in Canada dropped 3.2 per cent in 2024.
Office leasing makes national gains in 2024

Canadian Property Management

Office leasing makes national gains in 2024

Office leasing activity ticked up by 2.6 million square feet across 10 major Canadian markets in 2024, marking the first year of national positive net absorption since 2019.
Net-zero targets could face integrity test

Canadian Property Management

Net-zero targets could face integrity test

Companies could now run afoul of Canada's Competition Act if they publicize plans to reduce greenhouse gas emissions without properly mapping out how they will achieve those targets.
GWLRA

Construction Business

GWLRA plans False Creek mixed-use development

GWL Realty Advisors (GWLRA) is proposing a mixed-use development including office space and retail amenities in False Creek Vancouver.
cancer care

REMI Network

UHN plans cancer care expansion at new property

University Health Network purchased a new 15-storey property in Toronto to expand programs in cancer care, research and education.
Rose Corporation new rental development

Canadian Apartment Magazine

The Bakerfield II opens in Newmarket

The Rose Corporation has officially opened The Bakerfield II, marking the end of the fourth phase of its 834-unit master-planned residential community. 
renter feedback survey

Canadian Apartment Magazine

2024 saw historic rental supply growth

Canada's supply of purpose-built rental apartments grew by 4.1 per cent in 2024, the highest increase in over thirty years, according to the latest data from CMHC.
rental housing gap

CondoBusiness

Ontario introduces crane inspection schedule

All tower crane components must now be inspected and verified to be operationally sound at 10-year intervals from either its manufacture date or its previous inspection.
Christmas tree fires

Canadian Apartment Magazine

More Christmas tree fires likely to occur in January

A recent Christmas tree fire in a Toronto apartment has put the spotlight on holiday-related fire hazards and the need to educate tenants about fire safety.
Vrancor Group to redevelop Niagara Falls hotel

Canadian Facility Management & Design

Vrancor Group to redevelop Niagara Falls hotel

Ontario-based Vrancor Group has acquired the 232-room Radisson Hotel & Suites in Niagara Falls with plans to undertake a comprehensive renovation and relaunch.
Altus Group

REMI Network

Insights from Altus Group’s Q3 Vancouver market update

After a strong second quarter, investment activity in Vancouver eased for most sectors in Q3-2024, but the long-term outlook remains positive.
Feds launch Indigenous loan guarantee program

Canadian Property Management

Feds launch Indigenous loan guarantee program

The newly launched federal Indigenous loan guarantee program is meant to counter historical obstacles that prevent reserve lands from being used as collateral to obtain private capital.