Apartment
Canadian Apartment Magazine
GRESB to revise indicators for multifamily sector
Multifamily real estate entities reporting to GRESB, the global assessment and benchmark for the ESG performance of portfolios, can expect new criteria next year.
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.
Canadian Apartment Magazine
Short-term rental registry stuck in manual
Toronto relies heavily on manual review processes for oversight of approximately 8,400 registrants currently approved to offer short-term rental accommodations in their principal residences.
Canadian Apartment Magazine
Purpose-built rental property tax status in flux
Toronto is among Ontario municipalities contemplating a recently authorized optional property tax subclass to convey discounted tax rates for newly constructed purpose-built rental housing.
Canadian Apartment Magazine
Security equipment rebate rolled out in Manitoba
Funds for the one-time rebate will be dispersed on a first-come, first-served basis to eligible applicants who submit proof of purchase, installation and Manitoba residency.
Canadian Apartment Magazine
Landlords tapped to act on lead water pipes
A Toronto Councillor is calling for more due diligence and disclosure around legacy lead water pipes through proposed new obligations for owners of small multifamily buildings built prior to 1950.
Canadian Apartment Magazine
Déjà vu for Ontario’s residential rent increases
The Ontario government will hold the allowable rate for residential rent increases at 2.5 per cent for a third consecutive year in 2025, again falling below the average inflation rate.
CondoBusiness
Visitor parking scarcity draws criticism
A Toronto Councillor urges clearer rules for visitor parking provisions that account for the differing availability of public parking options in various areas of the city.
Canadian Apartment Magazine
Promise of safe haven woos foreign investors
Foreign investors contemplating Canada’s multifamily market may see more theoretical than actual opportunity, given the current scarcity of available product.
Canadian Apartment Magazine
More lucrative support for NS accessory units
Nova Scotia homeowners now have more lucrative support to create secondary or backyard residential suites and an expanded list of prospective tenants.
Canadian Apartment Magazine
Manitoba restores tax credit, hints new incentive
The 2024 Manitoba budget restores the rental housing construction tax credit and hints at a "time-limited" incentive for commercial-to-residential conversions.
Canadian Apartment Magazine
Potential property tax relief looks uneven
A potential incentive for new purpose-built rental housing in Ontario comes with adverse implications for existing multifamily properties, thanks to the mathematics of property tax allocation.
Canadian Apartment Magazine
New Brunswick confirms funds for private renters
The newly released 2024 New Brunswick budget confirms funds to assist tenants in the private rental housing market, including for the launch of a promised direct-to-tenant rental benefit.
Canadian Apartment Magazine
Toronto eyes enforcement clout for EV spaces
Toronto’s commercial and multifamily landlords could be getting some enforcement clout beyond the honour system to discourage misuse of electric vehicle charging spaces in their parking garages.
Canadian Apartment Magazine
First Nations tapped as social housing suppliers
A proposed amendment to Vancouver's charter will convey the same development fee exemptions to First Nations' social housing projects that government and not-for-profit developers receive.
CondoBusiness
WELL evolves into residential communities
Minto Communities is the first developer in Canada to pilot the WELL for residential program, which sets out to create healthier homes.
CondoBusiness
Smart home technology draws fragmented feedback
A majority of surveyed residential owners and renters express openness to AI applications within their homes, but nearly a quarter of respondents are characterized as "wary and skeptical" about sharing data.
