purpose-built rental housing

Purpose-built rental pro formas under pressure

Canadian Apartment Magazine

Purpose-built rental pro formas under pressure

Developers are facing escalating material costs, supply chain disruptions and labour shortages in step with climbing vacancies and falling rental rates that were not contemplated 18 months ago.
GTA recovery

Canadian Apartment Magazine

GTA rental market recovery underway

A new report from Urbanation confirms that GTA rental market recovery began in earnest during the second quarter of 2021.
average rent

Canadian Apartment Magazine

Toronto vacancy rate reaches 50-year high

The latest Urbanation survey of purpose-built rental apartments in Toronto show the vacancy rate rose to a 50-year high of 5.7 per cent in Q4-2020. 
West Don Lands proposed rental towers

Canadian Apartment Magazine

Plans submitted for West Don Lands rental towers

Toronto's developing West Don Lands community could see a pair of high-rise rental towers in the not-so-distant future. Plans include office, retail and 198 affordable housing units.
Property Management Institute of Canada

Canadian Apartment Magazine

SmartCentres and Greenwin enter second joint venture

SmartCentres and Greenwin announced that they have jointly acquired 1.15 acres in Toronto’s Yonge and Davisville neighbourhood for the development of a mixed-use rental property.
rental housing

Canadian Apartment Magazine

Rebuilding the rental housing industry

Apartment professionals ponder the uncertainties of the rental housing industry, including the critical steps needed to cultivate new supply.
Victoria multifamily market

Canadian Apartment Magazine

Victoria multifamily market spurs construction

A vacancy rate below 1 per cent, steadily rising rents, compressing cap rates for existing properties and ample access to low-cost financing underpin Victoria's purpose-built rental housing boom.
affordable rental homes

Canadian Apartment Magazine

Ottawa adds new purpose-built rental housing

Purpose-built rental housing is gaining popularity with Ottawa developers due to low vacancy rates, high rents, condominium market dynamics and renewed confidence that local economic stability will translate into continued steady demand.
rental housing industry

Canadian Apartment Magazine

Multi-family housing demand on the rise: CBRE

According to a recent report from the CBRE, demand for multi-family housing is stronger than ever in Canada and, as such, developers are shifting their focus to purpose-built rental housing. The CBRE says multi-family starts rose 52.2 per cent over the five-year average in 2014 as a result of low vacancy rates and a lack of affordable home ownership opportunities.

Canadian Apartment Magazine

New apartment construction surges in Canada

Balliol Park, located on Davisville Road between Yonge Street and Mt Pleasant, is just one of Toronto’s new purpose-built apartment projects currently under construction.
Mirvish Village

Canadian Apartment Magazine

Rental housing proposed for iconic Toronto site

Vancouver-based architect Gregory Henriquez recently unveiled his vision for Toronto’s iconic Honest Ed’s site at Bloor St. and Bathurst St., which includes plans for 1,000 purpose-built rental housing units. In partnership with developer Westbank Corp., Henriquez revealed the conceptual Bloor & Bathurst community proposal for 55 buildings with residential, retail and restaurant space at a community meeting on March 3.

Canadian Apartment Magazine

Vancouver apartment demand persists: report

According to the Goodman report: 2014 Greater Vancouver Rental Apartment Review, the Greater Vancouver area experienced a record-breaking $778-million in apartment transactions in 2014, up 33 per cent from the previous year. The average price per suite also increased, year-over-year, to $237,000.
rental housing industry

Canadian Apartment Magazine

Purpose-built rental vacancies up in 2014: CMHC

According to the Canada Mortgage and Housing Corporation (CMHC), Canada’s purpose-built rental apartment vacancy rate increased, year-over-year, in October 2014. The CMHC’s Rental Market Survey, released Dec. 16, indicated that the average Canadian rental vacancy rate rose to 2.8 per cent. Inventories and average rents also rose over the course of the year.