Industry News
Canadian Apartment Magazine
Study compares cost of renting vs. owning a home
New study by Point2 comparing the cost of renting vs. owning a home finds that Canadian homeowners spend 24% more than renters on monthly shelter.
Canadian Property Management
Dream Office REIT sells Class B Toronto building
Dream Office REIT has announced the $135-million sale of 720 Bay Street, an 11-storey Class B building in the Queen’s Park vicinity of Toronto.
CondoBusiness
Discount overnight power rate coming to Ontario
The new optional time-of-use rate scheme for residential and small business customers will be based on four price periods and introduce a far greater discrepancy between lowest and highest-cost electricity.
REMI Network
UNB Saint John plans innovation hub for healthcare research
New Brunswick is building a new healthcare and social innovation centre at the UNB Saint John campus.
Canadian Apartment Magazine
Concert renames CREC Commercial Fund to reflect asset diversification
Concert's CREC Commercial Fund LP has been renamed Concert Income Properties LP to reflect the inclusion of multifamily residential rental properties into its current mix of industrial and office.
Canadian Apartment Magazine
Student and seniors housing prospects in favour
A survey of top executives in the student and seniors housing sectors finds most are planning to expand their portfolios in 2023 through acquisitions and new development.
REMI Network
Quebec universities unite on biodiversity pledge
Eleven Quebec universities have become founding members of an international movement that includes 117 universities worldwide.
Canadian Apartment Magazine
B.C. announces major investment in RTB
The B.C. government announced it is increasing the Residential Tenancy Branch’s (RTB) operating budget and staffing by 40 per cent to contend with back-log of residential tenancy disputes.
CondoBusiness
Montreal condo developer joins Order of Canada
Samuel Gewurz, president of Proment Corporation and a pioneering builder on Montreal’s Ȋle des Soeurs, has been named to the Order of Canada.
REMI Network
Canada’s ban on foreign property buyers takes effect Jan 1
Canada's Prohibition on the Purchase of Residential Property by Non-Canadians Act will take effect on January 1, 2023, and remain in place for two years.
Canadian Apartment Magazine
Equiton closes 2022 with Toronto multi-res acquisition
Equiton Residential Income Fund Trust announced it ended a busy year with the acquisition of a Toronto multi-residential property for $50 million.
Canadian Apartment Magazine
Residential energy use re-emerges in CDM plans
Program reviewers with Ontario's Independent Electricity System Operator (IESO) are recommending broader inclusion of the multifamily and singe-family housing sectors in provincial conservation initiatives.
Canadian Apartment Magazine
NexLiving acquires Saint John portfolio for $34.3 million
NexLiving Communities Inc. announced it has acquired two properties in Saint John, New Brunswick, for $34.3 million.
Canadian Property Management
Few dramatic reversals foreseen in CRE trends
REALPAC’s 2022 Prospective Survey was conducted in late October, posing questions to chart the commercial real estate industry’s anticipated course over the next five years.
Canadian Apartment Magazine
Tory’s 2023 Housing Action Plan approved by City Council
Toronto City Council has approved John Tory's 2023 Housing Action Plan, which includes steps intended to improve housing affordability.
Canadian Property Management
Class B awaits dynamic electricity pricing
Newly announced plans to test and compare approaches for dynamic electricity pricing should be seen as very early notification for Ontario's small and mid-sized commercial customers.
Canadian Apartment Magazine
Nova Scotia adds more funds to address housing supply
Nova Scotia is investing an additional $19.5 million toward the preservation, modernization, and addition of new housing supply.



















