View Online | Sign Up | Archives February 27, 2018
Victoria’s vibrant rental market lures investors
According to a new report from Colliers International, Greater Victoria’s purpose-built rental market experienced strong, positive market conditions throughout 2017. The market witnessed heightened investor appetite from a range of local, regional and national buyers, as well as low vacancy, increasing rents and tightening cap rates, underpinned by strong market fundamentals and population growth.
B.C. residential development land takes tax hit
The British Columbia government expects to collect about $520 million in new annual revenue through additional residential property taxes and property transfer taxes.
Hong Kong developer announces largest mixed-use project in Canada
Aoyuan Property Group, a pioneer of mixed-use community developments in China and a proponent of healthy living, is redeveloping the 8.6 acre Newtonbrook Plaza site at Yonge and Finch in Toronto.
How to Invest for Success in a Hot Rental Market
“The rise of permanent renters” has ignited a hot market for apartment buildings. However, investor demand far exceeds supply. There are several things borrowers need to know in order to qualify for financing and prosper in this complex, competitive real estate sector.
SmartCentres, Penguin, Revera form partnership
SmartCentres Real Estate Investment Trust, the Penguin Group of Properties, and Revera Inc. recently announced that they are entering into a joint venture to develop new retirement living residences throughout Canada.
Mixed-use developments may stifle diversity
Mixed-use developments in Toronto are transit-friendly, amenity-rich places to live, work and play, but the very factors that make them desirable are also creating neighbourhoods that are unaffordable for many people.
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 condo apartment sales red hot in 2017: Altus Group
Altus Group recently released data on new condominium apartment sales in key Canadian markets, including the Greater Toronto Area (GTA), Greater Golden Horseshoe (GGH), Edmonton, Calgary and Vancouver, for 2017.
QuadReal names senior VP residential
Vancouver-based QuadReal Property Group has announced the appointment of Dean Holmes as senior vice president of residential operations.
loop_maintenance_banner.gif Commissioning & recommissioning buildings
Property owners and managers are placing increased focus on the energy efficiency performance of their buildings. This is often driven by a desire to reduce energy costs, or a focus on reducing energy consumption and associated emissions to achieve organizational sustainability and social responsibility goals.
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Cap rates reflect potential for rent growth
An already low national multifamily cap rated nudged down a little further in the fourth quarter of 2017, largely attributable to an improving economy and demand for product in Calgary.
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