REMI Network - Industry News
REMI

Industry News

condo owners

REMI Network

Condo owners saw home values decline in 2023

Condo owners who bought their units at the end of 2022 saw their homes values decline across 26 markets last year.
keynote

Canadian Apartment Magazine

Toronto Community Housing appoints new president and CEO

Effective April 2, 2024, Sean Baird will take over as Toronto Community Housing Corporation (TCHC)’s new President and CEO.
Alberta

Canadian Property Management

Toronto strip plazas considered for tax discount

Nearly 30 per cent of Toronto strip plazas are in line for a property tax break if City Council approves the proposed new measure in its upcoming 2024 budget deliberations.
LTB hearings

REMI Network

Restoring in-person hearings at the LTB

Since the LTB moved its hearings online, things have gotten worse for one of Ontario's busiest tribunals, and now city councillors are moving to bring back in-person hearings.
Conestoga

Canadian Property Management

Investment shopping list considered for 2024

As more vendors and purchasers are expected to come to the market this year, Avison Young's sentiment data shows retail, multifamily and industrial assets are sought, while office is tapped for divestment.
Toronto Western Hospital

REMI Network

15-storey patient tower coming to Toronto Western Hospital

The Ontario government is spending nearly $800 million on a new patient care tower at Toronto Western Hospital.
Black Canadians

REMI Network

Despite progress, workplace still not equal for Black Canadians

Many say they feel valued and respected in the workplace but have to work much harder to be recognized.
housing market

REMI Network

Federal government extends foreign buyer ban

Foreign commercial enterprises and people who are not Canadian citizens or permanent residents will continue to be prohibited from purchasing residential property in Canada.
housing

Canadian Apartment Magazine

OREA report calls for more bold action

In a new report, OREA builds on the HATF’s 55 recommendations to boost housing supply in 2024 and assesses the government's efforts to date.
condo sales

REMI Network

New condo sales fall to 15-year low in GTA

New condo sales in the Greater Toronto Area are at their lowest since 2008 at 12,716 units, according to new data from Urbanation.
Province push ahead on mass timber construction

Construction Business

Provinces push ahead on mass timber construction

British Columbia, Ontario and Quebec have jointly developed proposed code changes that would allow for taller mass timber buildings and more types of occupancy.
housing

REMI Network

NIMBYism influencing housing supply, study finds

Researchers found that local politicians tend to cater to the wants of homeowners who are more likely to be long-time residents and voters.

Canadian Apartment Magazine

Leon’s furniture announces plans for mixed-use development

Leon's is one step closer to developing a master-planned residential community on 40 acres of land it owns at Highways 401 and 400.
Indigenous input draws energy promoter's praise

Construction Business

Indigenous input draws energy promoter’s praise

In an address to U.S. counterparts, a leading promoter of Canada's energy industry underscores that Indigenous input makes for better infrastructure projects.
rent growth

Canadian Apartment Magazine

A record year for rent growth in Canada

Rent growth in Canada reached a record high in 2023 according to the latest multifamily report from Yardi.
international students

REMI Network

Canada announces cap on international students

To contend with ongoing housing shortages, the federal government is limiting the number of international students by 35 per cent.
arthur

Design Quarterly

Arthur Erickson Place achieves zero carbon

Arthur Erickson Place in downtown Vancouver has achieved the Zero Carbon Building – Performance (ZCB) Standard certification.