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November 17, 2020
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Average rent down 8.1% in Canada: October 2020
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New rental data for October 2020 shows that average rents are down in most large metros, particularly for smaller luxury units located in busy downtown neighbourhoods. In Toronto, rents have declined 17 percent for a one-bedroom home and 14 percent for a two-bedroom home; in Montreal, however, rents are up 15 percent for a one-bedroom and 9 percent for a two-bedroom.

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Headline News
»B.C.’s freeze on rent extended to July 2021
 
»A closer look at infill development
 
»Starlight acquires tallest rental development in Western Canada
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How has COVID-19 changed the apartment market?
The Canadian Apartment Investment Conference is an annual event that attracts the who’s who of the multi-unit residential property industry. This year, because of COVID-19, all breakout sessions were held virtually and featured a number of expert speakers»READ MORE
»SmartCentres gets approval to transform Cambridge property into residential units
 
»Ontario invests extra $761-mil into long-term care
 
»Highstreet, Skyline Living celebrate opening of new Vernon property
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Mi Property Portal is an All-in-One property management software for Canadian landlords, investors and property managers. It is built in accordance with Canadian regulations. An easy-to-use, modern and affordable software where property management processes flow naturally. » TRY IT FOR FREE.  

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Future-proofing cleaning for the new normal
COVID-19 is a health tragedy that is likely to become even more tragic than the 1.2 million global deaths so far. However, businesses must find ways to safely re-engage during the pandemic with a focus on future-proofing cleaning, or else economic disaster will exacerbate the pain of illness and loss of life. »READ MORE
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IN CASE YOU MISSED IT:
Class A apartments hit hardest by pandemic

As COVID-19 continues to put pressure on the commercial real estate sector, some asset types are fairing better than others. In terms of multi-residential properties, Class A apartments in large downtown centres are feeling the strain more than their Class B and C counterparts.» READ MORE

 
 
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