Canada

Young couple moving in new house

CondoBusiness

Non-permanent residents shape housing market

According to a new CIBC World Markets report, non-permanent residents (NPRs) of Canada are reshaping the country’s housing market. The report, which notes that NPRs have now reached record levels, at 770,000 people, says this demographic is a major force capable of influencing macro-economic variables like housing activity.
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CondoBusiness

Housing affordability declines in Q4 2014: RBC

The latest Housing Trends and Affordability Report from RBC Economics found that the Canadian home ownership dream became slightly less affordable in the fourth quarter of 2014. Between November and December of last year, resale activity fell 5.6 per cent, the sharpest month-over-month decline recorded in four and a half years.
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Canadian Apartment Magazine

Newfoundland invests in affordable housing

A $68-million Investment in Affordable Housing (IAH) agreement has been reached with the federal government and the Government of Newfoundland and Labrador. The funding, delivered through an extension to the existing IAH agreement, will be distributed through the Newfoundland and Labrador Housing Corporation (NLHC) over the course of five years.
Saskatoon

Canadian Facility Management & Design

Feds provide funds for Saskatchewan projects

The Government of Canada is providing $436.7-million, through the Provincial Territorial Infrastructure Component (PTIC) of the New Building Canada Fund (NBCF), to the province of Saskatchewan for new projects. Of that sum, $196.5-million will be dedicated to provincial projects and the remaining $240.2-million will go to other eligible PTIC applicants.
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Canadian Facility Management & Design

Unprecedented donation funds health care centre

The largest private Canadian health care donation ever made will help to fund the construction of the Ted Rogers Centre for Heart Research in Toronto, O.N. The $130-million donation, supplied by the Rogers family, will assist the development of the facility, which will specialize in individualized genomic medicine, tissue engineering and advanced cardiac care. An additional $139-million in funding will be supplied by SickKids, the University Health Network (UHN) and the University of Toronto (U of T).
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Canadian Apartment Magazine

CAPREIT and I-RES enter acquisition agreement

The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has entered into a mutually beneficial agreement with Irish Residential Properties REIT plc (I-RES) in which both companies will have the opportunity to acquire properties from one another. For up to one year, CAPREIT will have access to €150 million to acquire high quality Irish properties and, once funding has been sourced, I-RES will be able to acquire CAPREIT properties.