Apartment
CondoBusiness
Probing election promises for housing supply
With Ontario’s Progressive Conservatives (PCs) entering another four-year term, the development community is keeping close tabs on election promises made around housing supply and affordability.
Canadian Apartment Magazine
Quebec leaves uncontested rent period in place
Quebec backs away from an amendment that would have shortened the current five-year period for uncontested rents in newly constructed rental housing.
CondoBusiness
Special assessments foreseen as CPI rises
Coming out of an extended period of low inflation, many condo boards will confront reserve fund shortfalls as the consumer price index now pushes up toward 7 per cent.
Canadian Apartment Magazine
Toronto rent bank strategy up for review
City staff recommends a permanent transition from interest-free loans to a grants-based model, while continuing to collect some of the outstanding loans previously disbursed through the program.
Canadian Apartment Magazine
Comparative energy scores reset apartment hunt
New study findings from the American Council for an Energy-Efficient Economy show a 21 per cent increase in traffic to the most energy-efficient units when scores appear on all rental listings.
Canadian Apartment Magazine
Multifamily cap rate movement unremarkable in Q1
Vancouver is the rare exception where market analysts project multifamily cap rates will rise this spring, but that's in the context of continuing exceptionally low rates.
Canadian Apartment Magazine
Security deposit reimbursement set to go digital
A proposed amendment to Alberta's Residential Tenancies Act would open options to return tenants' security deposits and related documentation through electronic channels.
Canadian Apartment Magazine
Ukrainian evacuees arrive to housing scarcity
Newcomers will be confronting Canada’s affordable housing shortage, while also dealing with potential trauma, language barriers and the general culture shock of unfamiliar surroundings.
Canadian Apartment Magazine
Boardwalk REIT acquires two apartment properties
Boardwalk REIT announced it has acquired two properties located in Canmore, AB, and Brampton, ON, for a combined price of $117.5 million.
Canadian Apartment Magazine
New Brunswick uncorks delayed property tax cuts
For residential landlords, the first installment of property tax relief will come with a one-year cap to hold rent increases to no more than 3.8 per cent, retroactive to January 1, 2022.
Canadian Apartment Magazine
NS incents EV chargers in multifamily buildings
Nova Scotia has allocated $1 million over two years to help subsidize electric vehicle charging stations in multifamily apartment and condominium buildings.
Canadian Apartment Magazine
Blame tactics scapegoat multifamily investors
Policy makers could could further undermine rental housing supply and affordability prospects if market interventions divert institutional capital elsewhere.
Canadian Apartment Magazine
Affordable housing gets nod in Alberta budget
Vast share of funding will be drawn from the federal government’s National Housing Strategy, but Alberta has pledged to augment those dollars with proceeds from the sale of surplus or under-used real estate assets.
Canadian Apartment Magazine
Multifamily rent slippage deemed temporary blip
Multifamily assets posted the largest year-over-year decline in net operating income among the four major sectors in the Canada Annual Property Index, while delivering a 7 per cent total return on investment for 2021.
Canadian Property Management
Soaring industrial gains buoy investment returns
A 7.9 per cent total return across 2,367 directly held real estate assets in the Canada Property Index represents a 12 per cent improvement over 2020.
Canadian Property Management
Garbage chute decommissioning stalls in Toronto
A new report to Toronto City Council reveals that just 24 permits to allow the sealing of garbage chutes have been issued to multi-residential landlords over the past 12 years.
Canadian Apartment Magazine
Updated income thresholds peg stressed renters
Ontario applies CMHC data to estimate earnings needed in order to spend no more than 30 per cent of income on housing, and to define financially stressed renters.
