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New tax twist for affordable rental housing

Canadian Apartment Magazine

New tax twist for affordable rental housing

A promised new optional property tax subclass would allow Ontario municipalities to reduce the tax rate on qualifying affordable rental units by up to 35 per cent.
organics

REMI Network

Saskatoon approves multi-unit organics program

Saskatoon City Council approved the implementation of a city-wide organics collection program for multi-unit residential properties.
Illegal drug activity could ensnare landlords

Canadian Apartment Magazine

Illegal drug activity could ensnare landlords

Proposed Ontario legislation targets landlords who knowingly permit or possess proceeds from the production or trafficking of controlled substances within premises they control.
Elevator safety enforcers to impose new fines

Canadian Apartment Magazine

Manitoba to forward new safety measures

The Manitoba government is promising to hold residential landlords accountable for safety and maintenance, and to make it easier to evict tenants who conduct drug deals or carry weapons in a residential building.
New Brunswick rent cap

Canadian Apartment Magazine

NB taps private market for affordable housing

The New Brunswick government is particularly focusing on private market accommodations in its more generous allocation for affordable housing programs over the coming fiscal year.
Loan conditions onerous for condo projects

CondoBusiness

Loan conditions onerous for condo projects

Loan conditions are expected to be onerous for residential condominium developments again in 2025, following a year when many lenders pulled back on construction financing.
Multifamily consistently delivers for investors

Canadian Apartment Magazine

Multifamily consistently delivers for investors

Multifamily assets were consistent performers again last year for institutional investors represented in the MSCI/REALPAC Canada Property Index.
Mississauga

REMI Network

Mississauga task force proposes new housing actions

A new report recommends 30 bold actions the city can take to relieve the housing crisis.
Korean rental housing attracts CPP Investments

Canadian Apartment Magazine

Korean rental housing attracts CPP Investments

Canada Pension Plan Investment Board (CPP Investments) has entered the Korean rental housing market through a 95 per cent stake in a new venture targeting co-living.
Canadian investors team on U.K. multifamily deal

Canadian Apartment Magazine

Canadian investors team on U.K. multifamily deal

QuadReal Property Group and Realstar have bolstered their multifamily holdings in the United Kingdom through the joint acquisition of a 603-unit complex in Birmingham’s central core.
U.S. clean energy spending flows to multifamily

Canadian Apartment Magazine

U.S. clean energy spending flows to multifamily

U.S. multifamily investor calls government subsidies for energy and environmental upgrades a "return enhancer" in Class B rental housing stock.
Gentle density roughs out space for infill

Canadian Apartment Magazine

Gentle density roughs out space for infill

Governments across Canada have introduced various measures to encourage accessory dwelling units and more infill housing supply on existing residential properties.
Committee of adjustment workload could shrink

Canadian Apartment Magazine

Committee of adjustment workload could shrink

Proposed new rules could sideline the committee of adjustment when Ontario property owners add one or two additional residential units on lots zoned for single-family homes in urban areas.
GRESB to revise indicators for multifamily sector

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.
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.
Short-term rental registry stuck in manual

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.
Purpose-built rental property tax status in flux

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.