REMI Network - Industry News
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Industry News

rental market

Canadian Apartment Magazine

National average rent eclipses September 2019 peak   

The national average rent reached $1,959 in August, topping the September 2019 peak by a few dollars according to the latest National Rent Report.
Cloverdale Mall

REMI Network

Condos kick-start Cloverdale Mall redevelopment

A condo development will kick-start QuadReal’s Cloverdale Mall reboot. Mattamy Homes plans to build on a standalone 2.3-acre site at 2 and 10 The East Mall Crescent.
Wrongs to legacy tenant inflate renovation tab

Canadian Apartment Magazine

Wrongs to legacy tenant inflate renovation tab

Flouting requirements to re-house a legacy tenant has added more than $40,000 to a Windsor landlord’s apartment renovation tab.

REMI Network

BOMA Canada honours CRE industry stars of 2022

On September 15, 2022, BOMA Canada proudly celebrated the best of the CRE industry in person for the first time since 2019 at the National Awards Gala in Charlottetown, PEI.
Conestoga Mall to pad Primaris REIT portfolio

Canadian Property Management

REIT acquires four Alberta business parks

The $309-million deal is the largest yet for Skyline Industrial REIT, securing it 16 buildings and nearly 130 acres of land in Calgary and Edmonton.
Ottawa apartment

Canadian Apartment Magazine

Centurion announces pending Ottawa apartment acquisition

Centurion Asset Management Inc. announced the pending acquisition of an Ottawa apartment complex in the city’s Overbrook neighbourhood.
Pier 4

Canadian Apartment Magazine

Starlight Investments acquires 10 Ontario assets

Starlight Investments announced it has completed the acquisition of 10 Ontario assets located in Ottawa, Kingston, London and Welland.
Rising interest rates alter slant on CRE values

Canadian Property Management

Rising interest rates alter slant on CRE values

Rising interest rates have Canadian commercial real estate players adjusting their expectations about cap rates and internal rates of return.
H Mart

REMI Network

H Mart will anchor M2M community in North York

Aoyuan International’s upcoming M2M mixed-use community of nearly nine acres in North York will welcome Asian supermarket H-Mart as its anchor tenant.
rent prices

Canadian Apartment Magazine

Vancouver rental housing crisis deemed municipal election priority

LandlordBC, BC Housing, and Chard Development are hosting an educational event for mayoral candidates to discuss the Vancouver rental housing crisis ahead of the October election.
renters

Canadian Apartment Magazine

Offshore single-family rental REITs sidelined

A two-year prohibition on foreign investors acquiring single residential dwellings, duplexes or triplexes is set to begin January 1, 2023.
accessibility

REMI Network

Canada offering $64 million for accessibility upgrades

Organizations have until November 1, 2022, to apply for a new round of funding that focuses on infrastructure improvements that boost disability inclusion and accessibility.
Squamish nation

Construction Business

Squamish Nation housing project breaks ground

The federal government is providing a $1.4-billion loan to the Squamish First Nation to build 3,000 homes on traditional lands in Vancouver.
Atlantic Canada markets reflect national trends

Canadian Property Management

Atlantic Canada markets reflect national trends

Atlantic Canada markets were in sync with nationwide trends during the first half of 2022 with a tightening supply of warehouse space and loosening office vacancies.
Adera

Canadian Apartment Magazine

Adera launches two mass timber projects in Vancouver

Adera Development Corporation announced it is bringing two mass timber residential developments to the Vancouver market, with construction set to begin this fall.
Victoria

REMI Network

New on-campus housing opens at UVic

An eight-storey student-housing building with 385 beds has opened at the University of Victoria, offering more living arrangements in a city with one of the lowest rental vacancy rates in the province. 
carbon

REMI Network

Standard will assess carbon across whole building life cycle

ASHRAE and the International Code Council are developing a standard to assess carbon emissions across the entire building life cycle.