rental market

home sales

Canadian Apartment Magazine

Rental market demand propels sector growth

A new report from Urbanation suggests rental market demand is hot given both condo rentals and purpose-built construction starts saw record numbers in 2015.
light industrial property

REMI Network

Canada’s most expensive rental markets

Preliminary data from the CMHC’s Fall Rental Market Survey show that average monthly rents are still rising in Calgary and Edmonton despite fewer Canadians moving there.
economic downturn has rental repercussions

Canadian Apartment Magazine

Economic downturn has rental repercussions

With low oil prices and slow housing starts predicted to take their toll on the economy, what effects will they have on Alberta's rental market? Amit Grover of Colliers, Edmonton, shares his insights.
rental housing industry

Canadian Apartment Magazine

T.O. initiative to pave way for affordable housing

A new initiative designed to encourage the development of affordable housing was recently unveiled by Toronto Mayor John Tory. Known as the City of Toronto’s Open Door Initiative, the approach includes a four-piece plan to unlock opportunities on private, public and non-profit land, accelerate the planning-approval process, reduce construction costs through expanded City financial incentives, and challenge the government and developers to increase their affordable housing development efforts.
Loving senior couple on sofa

Canadian Apartment Magazine

Affordable seniors housing planned for Alberta

A 62-unit affordable seniors housing facility in Innisfail, Alta. will be demolished to make way for a new and improved building, slated for completion in 2018. The $17.6-million development, known as Autumn Glen Lodge, will contain 60 affordable units, 30 of which will be reserved for seniors.
rental housing industry

Canadian Apartment Magazine

Vancouver to review Residential Tenancy Act

Gregor Robertson, Mayor of Vancouver, has asked the City’s Renters Advisory Committee to review the province’s Residential Tenancy Act in order evaluate what improvements would be favourable for renters. The recently established committee was developed to give renters, who comprise over half of Vancouver households, a voice at City Hall.
Ottawa

Canadian Apartment Magazine

Ottawa is Canada’s hottest rental market: Colliers

According to the 2014 Multi-Family Real Estate Report from Colliers International, the total number of sales transactions in Ottawa’s multi-family sector grew 61.54 per cent last year, making it one of the most attractive rental markets in Canada. At the same time, the total dollar value of multi-family asset transactions rose 33 per cent, year-over-year.
MirvishVillageMarket

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.
Conflict

Canadian Apartment Magazine

Tenant-landlord dispute resolution services grow

As of March 1, residents of southern Alberta will have access to the Residential Tenancy Dispute Resolution Service (RTDRS), a quasi-judicial tribunal created in 2006 to help landlords and tenants resolve disputes quickly and affordably.
rental housing industry

Canadian Apartment Magazine

Online platform protects landlord, tenant rights

Launched in late October 2014, a new online platform seeks to ease the process of renting an apartment by protecting the rights of tenants and landlords and making rental information more accessible. Originally available exclusively in Waterloo, Ont., the map-based site, known as Apartmint, has recently expanded its services to Toronto and Windsor, Ont.
student housing

Canadian Apartment Magazine

Non-profit group develops student housing site

The Unité de travail pour l'implantation de logement étudiant (UTILE), a non-profit organization focused on student housing in Quebec, has launched a new trilingual website for students seeking housing information in Montréal. The site, Likehome.info, was developed after survey results from over 11,000 students revealed a need to improve the City’s ability to offer proper living conditions to students. Information is available in French, English and Mandarin.
Edmonton

Canadian Apartment Magazine

CAPREIT acquires Alberta apartment property

The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has acquired Grandin Tower, a 126-unit apartment property in Edmonton, Alta. At the same time, the company also sold four Toronto apartment buildings located on Wilson Ave.
Construction Cranes

Canadian Apartment Magazine

Multi-family sector leads Ont. housing starts

According to the Canada Mortgage and Housing Corporation (CMHC), an increase in Ontario housing starts in the multi-family sector over the last several months can be attributed to low vacancy rates, growing prices in the detached housing market and increasing urban intensification.
Toronto Condos

REMI Network

T.O. condo rentals on the rise: Urbanation

According to the latest rental market survey from Urbanation Inc. (Urbanation), Toronto’s condo rental market broke records in 2014. Condominium apartments rented through the MLS system exceeded the previous year’s record, growing 15 per cent year-over-year, to 22,765 units.