Altus Group

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.
New office supply poses backfill challenges

Canadian Property Management

New office supply poses backfill challenges

An influx of new office supply was always expected to shake up the status quo in the downtown Toronto market given that approximately two-thirds of the 8+ million square feet of space currently under construction is already preleased.
secondary units

REMI Network

Townhouse demand up during pandemic: report

The supply of townhouse land remains scarce. As a key component of the “missing middle,” this land is often prohibitively expensive in urban areas.
property tax ratios lopsided against commercial ratepayers

Canadian Property Management

Property tax ratios epitomize commercial burden

The commercial property tax rate is at least double the residential rate in eight of the 11 surveyed cities, with commercial ratepayers in Montreal, Toronto and Quebec City shouldering the most disproportionate shares.
Q3 investment trends

Canadian Apartment Magazine

What Altus Group’s Q3 investment trends survey tells us

Altus Group's Q3 investment trends survey for the four benchmark asset classes show that the Overall Capitalization Rate (OCR) was little changed at 5.14 per cent.
Canadian developers navigate uncertainty

Canadian Property Management

Canadian developers navigate uncertainty

The bulk of findings in the newly released Altus Group Global Property Development Trends Report are tied to opinions collected in early 2020 before COVID-19’s full hit landed in the world’s commercial real estate markets.
converting hotel

Canadian Apartment Magazine

Converting hotels into multifamily apartments

Given the uncertainty of the travel and tourism sector, could converting hotels into affordable apartments serve as an effective solution to the housing crisis?
investors seeking new deals despite COVID-19

Canadian Property Management

Investors express interest in seeking new deals

Pension funds and life insurance companies appeared most anxious to get back into the game, with more than 50 per cent of reporting they were pursuing acquisitions.
Retail landlords respond to COVID-19-related issues

Canadian Property Management

Retail landlords absorb and counter economic hit

Results of a wide-ranging survey show many major Canadian commercial real estate players braced for the erosion of consumer confidence, tenant solvency and their own investment returns.
condo sales

REMI Network

New housing slowdowns ahead in the GTA

Holdups in new housing projects across the Greater Toronto Area will have extensive impacts on supply in an already tight market, a new report reveals.
Class A apartments

Canadian Apartment Magazine

On the road to recovery

New data from Altus Group, Morguard, and Rentals.ca show a slump in sales and declining rental rates as we ease our way down the road to recovery.
Montreal's investment deal volume expected to slide in Q2 and the second half of 2020

REMI Network

Q4 overflow spurs Montreal investment deal volume

Sales value topped $2 billion for the fourth consecutive quarter, albeit at a lower total than was achieved in the second to fourth quarters of 2019.
condo sales

Canadian Property Management

Q1 stats reflect first quintile GTA investment

Arguably, Q1 stats more accurately reflect the first quintile of 2020 activity since COVID-19 skittishness placed a pause on the market in early March.
Temporary Rental Assistance

Canadian Apartment Magazine

Canada’s rental market in a post-COVID-19 world

Uncertainty rules Canada’s rental market as the novel coronavirus continues to spread, forcing business closures and stay-at-home orders to persist beyond initial forecasts.
economic recession

Canadian Apartment Magazine

Rental market outlook: March 2020

A look at what's influencing Canada's rental market in March 2020 and how the COVID-19 pandemic will impact property managers in the near and long term.