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May 18, 2021
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Rents are rising in most major areas
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Although average monthly rents continued to decline on a national basis, rents are rising regionally according to the latest rent report from Rentals.ca. Monthly data for April shows that average rents are rising in British Columbia, Ontario, Alberta and Quebec, suggesting the market might have turned a corner with increased tenant demand. 

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Headline News
»Mayfair Properties acquires iconic Vancouver rental tower
 
»Quebec to put damper on fossil fuel heating
 
»Tricon expands U.S. single-family rental platform 
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Getting creative with rent collection
Using technology and innovative thinking to support Canada's landlords. These are stressful times for landlords. While the job may call for collecting rent, a tough economy and pandemic measures have made it harder for most to make good on this responsibility. »READ MORE
»Vancouver affordable housing pilot project underway
 
»New rent report looks at GTA neighbourhoods
 
»Village Commons in Calgary completes construction
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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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More hotel deal activity projected beyond Q2
Canadian hotel occupancy nudged slightly above 27 per cent in the first quarter of 2021. Colliers Hotels pegs the average daily rate at $113.42 per occupied room, with the national average revenue per occupied room (RevPAR) down nearly 55 per cent from Q1 2020. »READ MORE
IN CASE YOU MISSED IT:
New Zibi community raises bar on sustainability

Rising out of its industrial past, Zibi is a community unlike any other in Canada. Framed by Portage Bridge and Waterfront Quarter to the east and Chaudière Crossing and Albert Island to the west, the new waterfront city straddling Ottawa and Gatineau features a connected system of walking trails, extensive cycling paths, retail space, and multiple transit options. Progress has been underway on the 34-acre development since 2013, bringing to life an ambitious masterplan of standalone buildings, public squares and retail plazas that will soon serve more than 5,000 residents and countless visitors to the nation’s capital region.  » READ MORE

 
 
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