Sign Up | Archives November 10, 2015
B.C. offers flexibility for redevelopment
A proposed amendment to British Columbia’s Strata Property Act could make it easier for apartment developers to scoop up prime real estate in B.C.’s hottest neighbourhoods.
Apartment vacancy drops in Vancouver
According to a Canada Mortgage and Housing Corporation November report, Vancouver’s already-low apartment vacancy rate has fallen to 0.8 per cent, down from 1.0 per cent last year and 1.7 per cent two years ago.
Park Lawn forms joint venture with Mattamy
Park Lawn Company Limited announced that it has entered into a binding agreement with Mattamy Development Corporation for the development of the company’s property at 57 Linelle Street, in Toronto.
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Northern Property REIT now called Northview
Northern Property REIT announced it has completed transactions involving the acquisition of all of the assets of True North Apartment REIT and certain multi-family real estate assets from affiliates of Starlight Investments Ltd., as well as from joint ventures between affiliates of Public Sector Pension Investment Board and affiliates of Starlight.
LREIT announces sale of Winnipeg complex
Lanesborough Real Estate Investment Trust announced that it has completed the sale of Colony Square in downtown Winnipeg for $70.25 million, subject to customary closing adjustments.
Shoddy insulation adds to U.K. heating costs
Energy efficiency proponents in the United Kingdom calculate that dilapidated, poorly insulated dwellings add extra and unnecessary annual energy costs for a majority of the country’s householders.
CAPREIT named an Aon "Best Employer"
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) announced that it has been selected as a Platinum Level Aon Best Employer in Canada.
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IREM introduces affordable green certification
Due to the high volume of office, retail and multifamily properties unable to achieve LEED certification because of cost, IREM has launched what is calls an “affordable, attainable alternative.”