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renting vs. owing

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.
NYX Capital sells self-storage portfolio

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.
Discount overnight power rate coming to Ontario

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.
New Brunswick rent cap

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.
Lawrence Heights

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.
embodied carbon

REMI Network

Quebec universities unite on biodiversity pledge

Eleven Quebec universities have become founding members of an international movement that includes 117 universities worldwide.
RTB landlord tenant disputes

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.
Montreal condo developer joins Order of Canada

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.
housing accelerator fund

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.
resale

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. 
Residential energy use re-emerges in Ontario's CDM plans

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.
NexLiving

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.
Few dramatic reversals foresee in CRE trends

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.
Ontario's Class B awaits dynamic electricity pricing

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.
housing

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.