Sign Up | Archives February 16, 2016
Canada's institutional investors eye apartments
Purpose-built rental housing gained noticeable favour with Canada’s institutional investors last year. Recently released 2015 results of the REALpac/IPD Canada Property Index reveal a 67 per cent increase in net investment in the sector compared to 2014, and an even more significant 234 per cent jump in expenditure on new development.
Ontario invests in social housing retrofits
Ontario is putting its new Climate Change Strategy into action by investing $92 million from the Green Investment Fund into social housing retrofits to take advantage of economic opportunities from clean technologies, improve energy efficiency and reduce greenhouse gas emissions.
U.S. apartment rents and value still climbing
The average price for apartment properties in the United States climbed to 34 per cent above the 2007 pre-financial-collapse peak last year, while the average price per unit hit USD $131,233, or more than 40 per cent higher than the 2007 peak price.
New construction financing
New rental construction is a hot topic these days with the media hyping apartment builds as the “big thing” in Canada. While there are some people realizing great returns from new rental construction, the headlines don’t necessarily tell the whole story.
Wyse to install sub-metering at The Quad at York
Wyse has announced a partnership with FCS Development Corporation to deliver turnkey sub-metering solutions to The Quad at York – a new, pre-eminent and purpose-built student housing community on the York University Keele Campus in Toronto.
$67-million Morguard acquisition in Ottawa
Morguard North American Residential REIT announced that it has purchased 160 Chapel Street, a rental apartment building in Ottawa, ON, for $67 million, exclusive of closing costs.
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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Targeted tax back on Toronto CRE industry radar
The city of Toronto’s renewed contemplation of its special revenue-generating powers has real estate industry advocates proactively calling for a role in any future discussions.
New Welcome House for Vancouver refugees
Currently under construction, the new Welcome House in Vancouver is scheduled to be complete by end of April with a grand opening set for June 18, 2016. The 58,000 square foot facility is dedicated to supporting immigrants and refugees in Vancouver.

Effectively managing rental vacancy
Every property manager’s goal is to maximize revenue and minimize vacancy loss—a goal no one understands better than Andrew Lowe, Director, Residential Real Estate Management at Oxford Properties Group.
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