Condominium
Canadian Apartment Magazine
Housing supply-demand imbalance set to persist
Recent CMHC analysis concludes that approximately 3.5 million additional dwelling units are needed to meet demand and pull prices back into closer alignment with purchasers’ and tenants’ incomes.
Canadian Apartment Magazine
Offshore single-family rental REITs sidelined
A two-year prohibition on foreign investors acquiring single residential dwellings, duplexes or triplexes is set to begin January 1, 2023.
CondoBusiness
Rules for first home savings accounts unveiled
As proposed, Canada’s first home savings accounts (FHSAs) would share features with both registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs),
CondoBusiness
Private homes preferred for cannabis use
More than 90 per cent of survey respondents confirm that they typically use non-medical cannabis in their own homes, while 46 per cent use it in other people’s homes.
CondoBusiness
Alberta electricity rebate excludes multifamily
Rental apartment and condominium dwellers with sub-metered suites aren't eligible for the rebate, which has now been extended for an extra three months to total $300 for the year.
Canadian Property Management
Almadev brings dual meaning to Elad rebrand
Elad Canada is now known as Almadev, a name chosen to signify the company's development and asset management pursuits.
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
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.
REMI Network
Quebec association urges condo insurance reform
Since 2018, the AQRC says that co-owners have been paying for necessary restorations, instead of insurers, due to a poor legislative change.
CondoBusiness
B.C. condo owners see jump in assessed value
Surging values for single-family homes are far outstripping condo gains, but average assessed values for strata residential properties rose anywhere from 7 to 29 per cent across 19 jurisdictions in the lower mainland.
REMI Network
Christopher Alexander named president of RE/MAX Canada
His career trajectory at the global real estate franchisor began in 2014 when he joined RE/MAX INTEGRA as a franchise sales consultant.
REMI Network
CAT to handle disputes over nuisances in 2022
Changes to the Condo Act, coming into force on January 1, 2022, will expand the CAT's jurisdiction to manage certain disputes related to nuisances.
REMI Network
Condo manager faces fraud charges
A new case emphasizes how seriously the Condominium Management Regulatory Authority of Ontario deals with complaints against its licensees and the action that follows.
CondoBusiness
Cases spotlight the CAT’s wait-and-see approach
The CAT appears to have adopted a wait-and-see approach, not only with respect to motions to dismiss, but also with respect to the disclosure of records to a unit owner whom the condominium might perceive as problematic.
CondoBusiness
5 ways technology is uplifting condo communities
Technology is revolutionizing the way condo buildings operate and positively impacting the lives of residents and managers.
Canadian Apartment Magazine
BOMA BEST criteria introduce multifamily tweaks
Landlords and condominium corporations participating in the BOMA BEST environmental performance benchmarking and certification program will have to comply with an expanded list of best practices.
Canadian Apartment Magazine
Sask ends exemptions for smoke and CO alarms
Saskatchewan landlords and homeowners will have to install smoke and carbon monoxide (CO) alarms in older residential buildings that were previously exempt. Enforcement begins July 1, 2022.
