Industry News

Fresh Start Program

Enercare launches new Fresh Start Program

Enercare Inc. announced the launch of the Enercare Fresh Start Program, a signature new corporate social responsibility program designed to help families transitioning between shelters and homes.
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Winnipeg

Manitoba sets 2017 rent guideline at 1.5 per cent

Manitoba Justice has advised that the 2017 rent guideline has been set at 1.5 per cent and will take effect Jan. 1, 2017.
apartment transaction

Milestone acquires Atlanta, Georgia property

Milestone Apartments Real Estate Investment Trust announced that it has entered into an agreement to purchase Park 9, a 275-unit, Class A multifamily apartment community a suburb of Atlanta, Georgia.
liveable cities

Canada ranks high on ten most liveable cities list

Three of the ten most liveable cities in the world are located in Canada, according to a new report by The Economist Intelligence Unit.
student housing

New Canadian student housing company forms

CHC Student Housing Corp. announced it is joining forces with Dundee Acquisition to create one of Canada’s largest student housing owner-operators. The combined entity will manage 4,700 beds in 20 properties across 13 markets.
luncheon

FRPO’s 4th annual women’s luncheon

FRPO’s 4th Annual ‘Women in Rental Housing Luncheon' took place on Thursday August 25th at the Old Mill Inn in Toronto.
student residence

Student residence recognized for interior design

Toronto’s new Parkside Student Residence has won an Award of Excellence from the Association of Registered Interior Designers of Ontario (ARIDO).
business

Pure Multi-Family internalizes asset management

Pure Multi-Family REIT announced plans to internalize asset management, effective September 1, 2016. In the meantime, the Managing GP will continue to provide services to Pure Multi-Family under the Asset Management Agreement until August 31, 2016.
Quebec City

Upscale rental breaks ground in Quebec

Québec-based GCS Développement immobilier and Fonds immobilier de solidarité FTQ broke ground on Arrondissement 74, an upscale rental building located in a quiet neighbourhood of Québec City, known as Charlesburg.
millennials

U.S. report underscores influence of millennials

A new report from Avison Young takes a closer look at millennials and their influence on all aspects of the U.S. economy. Entitled, "Millennials and Re-Urbanization of the City – Closer to the Core" the report emphasises the generation's effect on commercial real estate, amenities and location.
Ottawa

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.
Midland retirment residence

Chartwell acquires Midland retirement residence

Chartwell Retirement Residences announced that it has entered into an agreement to acquire the 121-suite Tiffin House Retirement Residence in Midland, Ont.
office market

CAPREIT sells Montreal rental property

Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") announced it has completed the sale of a building CAPREIT announced it has completed the sale of a building in Montreal containing 145 mid-tier suites. Located at 1150 and 1160 Sherbrooke Street East, the property sold for $24.8 million.
toronto_apartment_buildings

Low supply curbs Toronto apartment deals

Multifamily is the only commercial property sector that has not yet surpassed the $1 billion threshold for sales volume thus far in 2016.
ultra-high speed internet

Ontario revs up ultra-high speed internet access

Homes and businesses in more than 300 communities across southwestern Ontario will soon have access to ultra-high speed internet.
LEED

CaGBC offers free LEED certification in Fort Mac

Canada Green Building Council is offering free LEED registration and certification for commercial, institutional and residential projects in Fort McMurray.
the Walter

“The Walter” in Kitchener breaks ground

The McGillivray Group, in partnership with Zehr Group and Vanguard Developments, announced the ground breaking of a new residential development in mid-town Kitchener, to be known as "the Walter."