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Canadian Apartment Magazine

Starlight purchases Texas apartment complex

Travesia Apartments (Travesia), a 396-unit apartment complex in Austin, Texas, has been acquired by the Ontario-governed Starlight U.S. Multi-Family Core Fund (Starlight). Located at 3701 Quick Hill Rd., the 18-building development was purchased for $50.6-million U.S.

REMI Network

Marine Gardens redevelopment gets approval

Concord Pacific received approval from Vancouver City Council for its multi-building Marine Gardens redevelopment near Marine Drive Station’s growing hub. In the seven-storey mid-size building,

CondoBusiness

A guide to condo parking garage maintenance

Data suggests that a condominium corporation should expect to spend between $100 and $500 per parking stall per year in order to keep its parking

Canadian Apartment Magazine

Tenant-landlord dispute resolution services grow

As of March 1, residents of southern Alberta will have access to the Residential Tenancy Dispute Resolution Service (RTDRS), a quasi-judicial tribunal created in 2006 to help landlords and tenants resolve disputes quickly and affordably.

Canadian Apartment Magazine

Online platform protects landlord, tenant rights

Launched in late October 2014, a new online platform seeks to ease the process of renting an apartment by protecting the rights of tenants and landlords and making rental information more accessible. Originally available exclusively in Waterloo, Ont., the map-based site, known as Apartmint, has recently expanded its services to Toronto and Windsor, Ont.

Canadian Apartment Magazine

Pesticide blamed in Fort McMurray tragedy

After pesticide claims baby’s life and hospitalizes four kids, their Fort McMurray property manager reacts to worst nightmare

Canadian Apartment Magazine

Vancouver project to offer condos, rental units

Sequel 138, a 97-unit affordable housing development located at 138 Hastings St. in Vancouver, B.C., has entered construction. The project offers low to moderate-income families and individuals access to affordable condominiums and rental apartments.

Canadian Apartment Magazine

Starlight purchases Belle Haven Apartments

The previously announced acquisition of North Carolina’s Belle Haven Apartments by the Ontario-governed Starlight U.S. Multi-Family Core Fund (Starlight) has closed. Belle Haven Apartments, a group of seven three-storey, 176-unit garden style apartment complex, was purchased by Starlight for approximately $26.4-million U.S.

Canadian Apartment Magazine

Windsor has cheapest bachelor rents: Rentseeker

According to a recent infographic from Rentseeker, the cheapest major city in Canada in which to rent a bachelor apartment is Windsor, Ont. ($518). The infographic, which is based on data from the Canada Mortgage and Housing Corporation (CMHC), illustrates the average pricing and vacancy rates of rental apartments in cities across Canada.

Canadian Apartment Magazine

Ivanhoé Cambridge apartment breaks ground

Ivanhoé Cambridge has partnered with multi-family company Greystar Real Estate Partners to develop a new mixed-use project in San Francisco, Calif. The development, which entered construction in late January, will include 87 apartment homes and 5,000 square feet of retail space. It is located at 2198 Market St.

Canadian Apartment Magazine

CAPREIT acquires Alberta apartment property

The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has acquired Grandin Tower, a 126-unit apartment property in Edmonton, Alta. At the same time, the company also sold four Toronto apartment buildings located on Wilson Ave.

Canadian Apartment Magazine

Calgary approves multi-family recycling bylaw

As of Feb. 1, 2016, Calgary multi-family building residents will have access to more robust on-site recycling services under the region’s new council-approved Waste & Recycling Bylaw. Apartments, condominiums, townhouses and other multi-family complexes will be required to accept paper and cardboard, food cans, glass jars, plastic containers and bags. The City of Calgary will not collect multi-family recycling, but builder owners and managers will be tasked with determining which private company best serves the needs of their building.

Canadian Apartment Magazine

Multi-family sector leads Ont. housing starts

According to the Canada Mortgage and Housing Corporation (CMHC), an increase in Ontario housing starts in the multi-family sector over the last several months can be attributed to low vacancy rates, growing prices in the detached housing market and increasing urban intensification.

Canadian Apartment Magazine

Allied REIT completes Duncan St. acquisition

Allied Properties REIT (Allied) has completed the acquisition of a 50 per cent interest in a property located at 19 Duncan St. in Toronto, Ont., which the company plans to develop into a mixed-use building including retail, rental apartments and five floors of office space.

Canadian Apartment Magazine

Vancouver hotel to convert to student housing

A 17-storey luxury hotel in downtown Vancouver, known as the Viva Suites Hotel, has been acquired by CIBT Education Group’s (CIBT) wholly owned subsidiary, Global Education City Holdings Inc. (GEC), with the intent to convert it into a 230-bed student housing development for foreign students. The total value of the project, including purchase price and renovations, is approximately $37-million.

Canadian Apartment Magazine

How to identify predatory tenants

Steps to help landlords identify predatory tenants before they slip through the front door, creating a costly stream of havoc in their wake.

Canadian Apartment Magazine

Ottawa apartment helps persons with disabilities

A 74-unit affordable rental housing development has officially opened in Ottawa, Ont. The complex, located at 140 Den Haag Dr., offers housing for low-income individuals and families as well as persons with disabilities.