Sign Up | Archives May 24, 2016
Ontario opens way to inclusionary zoning
New inclusionary zoning legislation in Ontario could soon give municipalities the power to require that builders include affordable housing units in all new residential developments. If passed, the Promoting Affordable Housing Act, 2016, will be the first of its kind in Canada and could take effect in early 2017.
Toronto could see new landlord licensing system
A new landlord licensing system may hit the Toronto apartment industry as early as Jan. 2017. Similar to the city’s DineSafe restaurant licensing system, it would entail annual inspections of building common areas and require landlords to develop detailed plans for maintenance, cleaning and pest control.
Northview assists Fort McMurray residents
Northview Apartment Real Estate Investment Trust announced today that it will not charge rent for the months of May or June 2016 for its 645 Fort McMurray residents that have been displaced by the devastating wildfires.
Higher Rents, Better Returns
Many apartment owners wonder about strategies that they can use to justify higher rents in their buildings. They are often looking for a way to increase investor returns and bottom line performance. First National's Daniel Bragagnolo offers strategies for increasing rents to fuel growth.
LREIT completes sale of two properties
Lanesborough Real Estate Investment Trust (LREIT) announced that it has completed the sale of the following two properties, with an effective date of May 1, 2016: Willowdale Gardens in Brandon, Man. and Beck Court in Yellowknife, NWT.
Rule tweak proposed for gas furnace retrofits
Pending updates to Canada’s energy efficiency regulations will tighten minimum energy performance standards for 20 categories of commercial and household equipment and appliances, but will relax an existing requirement that has proved problematic for gas furnace retrofits in multi-residential buildings.
H&S Building Supplies Ltd. is one of Ontario's premier maintenance supply wholesalers. We specialize in the multi-unit residential space; providing quality products, competitive prices, on-time delivery, and product knowledge second to none. We exist to service & supply the property management industry.
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New fund for Quebec community housing repairs
The Chantier de l’économie sociale Trust and its partners, the Fonds immobilier de solidarité FTQ, SSQ Financial Group and the J.W. McConnell Family Foundation announced they are creating a $32.5-million patient capital investment fund called the Fonds d’aide à la rénovation de l’habitation communautaire (FondsARHC) to help support community housing renovations.
Killam announces record growth in Q1 2016
Killam Apartment REIT reported record Q1-2016 results, including diluted funds from operations per unit of $0.18, up from $0.15 in Q1-2015.

Micro CHP system unveiled in rooftop ceremony
Representatives from DBS, Skyline and Toyota Tsusho welcomed the oversees supplier of the new micro CHP system commissioned at 385 Vine Street in St. Catharines, Ontario, at a ribbon-cutting ceremony on May 12th, 2016.
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