It's becoming harder for renting Canadians to make a move to condos. This is according to an RBC housing report that indicates the high price of single-family housing is driving demand for condos and creating intense affordability pressures.
Canadian Facility Management & Design
Recent research from the National Research Council of Canada and RBC found that green buildings have a positive impact on productivity for employees.
Canadian Property Management
Over the past four years, about 69 million square feet of Toronto’s office stock participated in an ambitious challenge to lower energy usage in buildings.
Excluding the Toronto and Vancouver markets, Canadian housing affordability remained relatively stable in Q2, according to an RBC Economics Research report.
According to a recent Housing Trends and Affordability report from RBC Economics, housing affordability in Canada increased in the third quarter of 2014, despite an upward trend in house prices. Factors affecting affordability included declines in fixed mortgage rates, rising incomes and reduced utility costs, say economists.