Apartment
Canadian Property Management
Investment shopping list considered for 2024
As more vendors and purchasers are expected to come to the market this year, Avison Young's sentiment data shows retail, multifamily and industrial assets are sought, while office is tapped for divestment.
Canadian Property Management
Investment returns show slipping values in 2023
Canadian investment returns for 2023 show retail improvement, industrial deceleration and continuing office value decline, as capital loss balances out income growth for a flat total return.
Canadian Property Management
Vancouver boasts all round lowest vacancy rates
Vancouver enjoys North America’s strongest demand across all asset types, ending 2023 with the lowest vacancy rates for industrial, office, multifamily and retail properties among 63 major urban markets.
Canadian Property Management
RioCan REIT marks 30 years as public company
RioCan founder and chairman, Edward Sonshine, and other members of the senior leadership team ushered in the TSX trading day, January 19th, in celebration of the REIT's 30th anniversary.
Canadian Property Management
Office conversion eases Ottawa’s Class B woes
More than 300,000 square feet of Class B office space has been withdrawn from Ottawa's downtown inventory as two separate commercial landlords pursue plans to replace it with rental housing.
Canadian Apartment Magazine
AB security deposits resume earning interest
Under the triggering formula in Alberta regulations, residential rental security deposits will resume earning interest in 2024 for the first time in 16 years.
Canadian Apartment Magazine
Interest rates subdue multifamily developers
Fallout from higher interest rates may continue to subdue multifamily development, but lenders express more confidence in prospects for new purpose-built rental and high-rise condominium projects next year.
Canadian Apartment Magazine
Saskatchewan backs secondary rental suites
A new incentive program will offer Saskatchewan homeowners up to $35,000 toward the costs of building a separate rental suite at their primary residence.
Canadian Apartment Magazine
Toronto looks to Calgary’s conversion recipe
Toronto Council’s planning and housing committee has adopted a motion urging a closer look at the office-to-residential conversion incentives that Calgary offers.
Canadian Apartment Magazine
GTA multifamily deals sag to single digits in Q3
Summer saw a dearth of multifamily transactions, as Colliers Canada reports just eight deals in the Greater Toronto Area during the third quarter of 2023.
Canadian Apartment Magazine
Conversion momentum draws on combo of drivers
Replicating Calgary’s nascent office-to-residential conversion momentum in other markets will likely depend on the same combination of weak office values, strong housing demand and generous incentives.
Canadian Apartment Magazine
Office receivership sale touts conversion potential
Sales agents for Compass Place, a distressed 10-storey office tower in downtown Edmonton, are promoting its potential for conversion to multifamily rental.
Canadian Apartment Magazine
Canadian rents undercut U.S. tech hub averages
Canada’s leading tech hubs boast lower rental housing costs and narrower average rent-to-earnings ratios than most of their rivals in the United States.
Canadian Apartment Magazine
Ontario announces 2024 rent increase guideline
Allowable rent increases will max out at 2.5 per cent for most of Ontario’s sitting residential tenants in 2024, trailing the current 5.9 per cent average inflation rate.
Canadian Apartment Magazine
Office conversion prospects judged challenging
Viable conversion candidates must begin with a basic structural prerequisite, but construction costs, location, surrounding amenities and assumptions about future office values all influence the business case.
Canadian Apartment Magazine
Alberta’s new portfolios silent on housing
Housing is not referenced in the titles of any of the portfolios that Alberta’s 24 newly named cabinet ministers will lead.
Canadian Apartment Magazine
Newfoundland woos private housing developers
The provincial housing corporation is offering capital funding of up to $95,000 per unit through a loan forgiveness model, and seeks commitments to keep rents affordable for 15 to 20 years.
