Apartment

divergent property tax regimes

Canadian Property Management

Cities exhibit divergent property tax regimes

This annual look at the apportionment of the tax burden gives a more complete picture of the pressures on the commercial and multi-residential sectors than simply referencing property tax rates.
apartment

Canadian Apartment Magazine

HVAC switch over snared by hot spell

Tensions boiled over last week at Toronto apartment buildings without air conditioning as temperatures soared into heat wave territory in late September.
First National

Canadian Apartment Magazine

Q&A: Knowing Your Apartment Funding Options

These are opportune times for apartment builders, and ones that require a nuanced understanding of the markets and respective lending options.
hydro service cut

Canadian Apartment Magazine

Quebec landlords resist swift hydro service cut

Hydro-Québec proposes a website-based registry in place of formally notifying property owners seven days in advance of terminating tenants' contracts.
Victoria multifamily market

Canadian Apartment Magazine

Victoria multifamily market spurs construction

A vacancy rate below 1 per cent, steadily rising rents, compressing cap rates for existing properties and ample access to low-cost financing underpin Victoria's purpose-built rental housing boom.
live-in superintendents

Canadian Apartment Magazine

Ontario leaves live-in superintendents exposed

For now, market demand and the goodwill of employers are still the prime determinants of superintendents' working conditions.
Barrie rental housing market

Canadian Apartment Magazine

Trends favour Barrie rental housing market

The city's overall rental vacancy rate is projected to climb as new purpose-built supply comes onto the market, but then stabilize at a still landlord-friendly 2 per cent for 2018.
multifamily properties

Canadian Apartment Magazine

Investor demand outstrips multifamily supply

Five major Canadian markets exhibit differing dynamics, but demand for multifamily properties is consistent.
anti-harassment legislation

Canadian Apartment Magazine

Anti-harassment legislation fails NY tenants

New York State Attorney General Eric Schneiderman is attempting to amend 1990s-era anti-harassment legislation that has never been successfully employed to convict a rental housing landlord.
balcony fire

CondoBusiness

TFS sounds alarm over rise in balcony fires

Toronto Fire Service (TFS) is sounding the alarm over a recent rise in the number of balcony fires caused by carelessly discarded cigarettes.
rsz_maple_ridge_bc

Canadian Apartment Magazine

CAPREIT acquires B.C. townhouse complex

CAPREIT announced it has completed the acquisition of Brookside Gardens, a 44-unit townhouse complex in Maple Ridge, BC, in the northeastern section of Metro Vancouver.
development

CondoBusiness

Big data backs medium-density development

The development of courtyard apartments, multiplexes and town homes could be among the building blocks of better housing affordability in Ontario.
GTA new homes market

CondoBusiness

GTA condo lease transactions up 3.5 per cent in Q1

Greater Toronto Area realtors reported 6,680 condominium apartment lease transactions during the first quarter of 2017, up 3.5 per cent year-over-year.
optional property tax class

Canadian Apartment Magazine

Optional property tax class set to be mandatory

Though expressed somewhat vaguely, the Ontario government's newly announced housing plan forewarns that all municipalities will be required to adopt the new multi-residential property class and align it with the tax rate applied to residential properties.
property housing house market investment price value

Canadian Apartment Magazine

Multifamily cap rates drop as home prices soar

Multifamily cap rates in Vancouver, Toronto and Ottawa are generally lower than the national average, with Vancouver once again at the low end of the scale.
relaxed marijuana rules

Canadian Apartment Magazine

Quebec landlords fear relaxed marijuana rules

Quebec's largest rental housing association predicts rules that seem reasonable for occupants of single-family detached homes will be more problematic in multi-residential buildings.
retrofit loan fund

Canadian Apartment Magazine

Toronto seeks borrowers for retrofit loan fund

Multi-residential landlords can borrow project capital and repay it over a period of up to 20 years through a special charge added to their property tax bills.