REMI Network - Industry News
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Industry News

rental scams

Canadian Apartment Magazine

Rental scams rise as vacancies tighten

Rental platform liv.rent reported a 47 per cent increase in rental activity for June 2022, coinciding with a significant spike in reports of rental scams.
water leaks

REMI Network

New guidance for municipal water standards released 

Cities are often at the heart of flood and rainstorm events when it comes to responding to the aftermath.
residential rents

Canadian Apartment Magazine

Canada’s residential rents continue to rise

Average residential rents in Canada are closing in on their pre-pandemic peak, with the median rent reportedly hovering at $1,800 per month for all property types.
housing accelerator fund

Canadian Apartment Magazine

Ontario introduces Strong Mayors, Building Homes Act

Ontario announced new legislative changes that, if passed, would give the mayors of Toronto and Ottawa more power to advance provincial priorities related to housing.
Hospital

REMI Network

Global healthcare FM market positioned to swell

A fast-growing geriatric population is one key factor driving the global healthcare facility management industry.
Calgary

Canadian Property Management

Calgary posts modest dip in Q2 office vacancies

Calgary's office market saw nearly 440,000 square feet of positive absorption during the first half of 2022 and a 90 basis point decline in the vacancy rate during the second quarter.
First Capital REIT resolves dispute with activist unit-holders

Canadian Property Management

Matching public-private funds go to EV chargers

Commercial parking providers are increasingly seeing the equipment as a strategic lure for the growing numbers of EV owners who are looking for charging facilities.
Rules for first home savings accounts unveiled

CondoBusiness

Rules for first home savings accounts unveiled

As proposed, Canada’s first home savings accounts (FHSAs) would share features with both registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs),
varsity

Construction Business

One Varsity will rise in downtown Kelowna

One Varsity will be among the first newly developed mixed-use buildings across from the University of British Columbia Okanagan campus.
More reservations emerging about CRE conditions

Canadian Property Management

More reservations emerging about CRE conditions

Investors and asset managers typically expressed more reservations about Canadian commercial real estate this spring than when they were surveyed on their sentiments last fall.
pictou

REMI Network

New cultural hub coming to Pictou, N.S.

The deCoste Centre for Arts and Creativity and the Pictou Library in Nova Scotia will be combined for better access to cultural and community programming.
real estate

Canadian Apartment Magazine

Alberta expands Temporary Rent Assistance

The Province announced it is expanding its Temporary Rent Assistance Benefit to include 80 communities outside Alberta's seven major cities.
CLV Group poised to expand multifamily portfolio

Canadian Apartment Magazine

GTA multifamily sales volume stable in Q2

Transactions ebbed in Q2, but overall multifamily sales volume is only slightly behind last year’s pace due to a 16.5 per cent year-over-year increase in the average price per suite.
Sask electricity rate set to jump 8% by April

Canadian Property Management

Sask electricity rate set for 8% jump by April

SaskPower will introduce a 4 per cent electricity rate increase on September 1, 2022 and another on April 1, 2023.
BOMI launches CRE designations for suppliers

Canadian Facility Management & Design

BOMI launches CRE designations for suppliers

Holders of the new PPA or FPA credentials can signal that they have successfully completed eight courses that give them a basic grounding in their clients’ daily routines and business responsibilities.
August rents

REMI Network

Condo rents reach new highs in the GTA

Condo rents across the Greater Toronto Area have ballooned since last summer. The average cost of renting a small bachelor unit is now $1,829 per month.
Cap rates open up in Q2

Canadian Property Management

Cap rates open up in Q2

Cap rates opened up and investment activity slowed across every Canadian property sector during the second quarter of 2022.