REMI

Altus Group

Canada a hyper version of multifamily trends

Canadian Apartment Magazine

Canada a hyper version of multifamily trends

Multifamily properties continue to be an investment favourite worldwide, with Canada perhaps demonstrating the hyper version of what’s happening in markets elsewhere.
Interest rate cut emits positive signal for CRE

Canadian Property Management

Interest rate cut emits positive signal for CRE

Practical impacts on the cost of debt aren’t expected to flow through to the market for a few more months, but economists suggest the apparent momentum of falling rates should provide a psychological lift for investors.
buyer

REMI Network

New home sales in March continue record low trend

New condominium apartment sales were down 38 per cent from March 2023 and 73 per cent below the 10-year average.
Commercial ratepayers carry heftier tax share

Canadian Property Management

Commercial ratepayers carry heftier tax share

Commercial ratepayers took on a larger share of the property tax burden in eight of 11 large Canadian cities this year, with 2023 commercial tax rates more than tripling residential tax rates in six of those cities.
GTA

REMI Network

GTA new condo sales for July at lowest in 23 years 

The benchmark price for new condominium apartments was $1,084,768, which was down 9 per cent over the last 12 months.
Office building values still trending downward

Canadian Property Management

Office building values still trending downward

Appraisers generally expect office building values to keep slipping over the course of 2023 as a range of factors undermine cash flow, push up cap rates and make investors skittish.
new home

REMI Network

GTA new home market picks up pace

The new home market in the Greater Toronto Area is gradually improving as March sales increased slighting higher than in February.
new home

REMI Network

GTA new home market quiet in January

Condominium apartments accounted for 381 units sold—the lowest level for January in 14 years.
Discount coming on Alberta's education mill rate

Canadian Property Management

Commercial ratepayers confront widening tax gap

Commercial property tax rates climbed and commercial-to-residential tax ratios widened this year in the majority of large Canadian cities Altus Group surveys for its annual benchmark report.
clean

Canadian Property Management

CRE measures up as Canadian economic driver

A new report estimates commercial real estate made a $148.4 billion total contribution to Canada’s GDP last year, when factoring its direct, indirect and induced impacts.
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.
Food-anchored retail tops CREinvestment menu

Canadian Property Management

Food-anchored retail tops CRE investment menu

Food-anchored retail plazas remain a staple on the commercial real estate menu, again emerging as the preferred asset type in Altus Group’s survey of Canadian investment trends in Q2.
buyer

REMI Network

GTA new home market quiet in May

Total May new home sales of 2,549 units were down 40 per cent from May 2021 and 26 per cent below the 10-year average.
Toronto strip plazas considered for tax discount

Canadian Property Management

COVID impacts linger for commercial ratepayers

Assessed values in Ottawa and Toronto will be at least seven years out of date and Winnipeg’s will be nearly five years behind before new assessment cycles begin in those cities.
condo sales

REMI Network

GTA condo sales above 10-year average

Condos, including units in low, medium and high-rise buildings, stacked townhouses and loft units, accounted for 2,396 new home sales in May.
Light industrial set for a heavy property tax hit

Canadian Property Management

Light industrial set for heavy property tax hit

Economic fallout from COVID-19 is shifting more of the tax burden to this flourishing group of assets via the mill rate, while also driving up the tax rate, for a double-whammy of consequences in jurisdictions that update valuations annually.
risk worksafebc

Canadian Apartment Magazine

The rising cost of multi-residential construction

Multi-residential construction costs are rising in Canada due to the pandemic’s impact on everything from labour and material costs to shifting supply and demand dynamics.