Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced that it has completed the previously-announced purchase of a portfolio of eight properties containing fourteen apartment buildings totaling 1,503 rental suites well-located throughout the downtown core and surrounding metro area …
MONTREAL ANNOUNCES R...
At least one-third of the units must have affordable rents, meaning they must be at least five per cent cheaper than the median rent for comparable units in that borough.
Owners of low-rise apartment buildings in Montreal will be eligible for …
INVESTORS SEE VALUE ...
Investors are increasingly targeting parking lots for potential multifamily redevelopment, especially in urban areas, according to industry sources.
“Given the multifamily market has been so strong for the past decade, we’re at a point that really justifies development,” says Rob Goldstein, …
DATA SECURITY HAS BE...
There’s an ever-growing volume of commercial real estate industry business being conducted online. Terrabytes of documents and data get swapped and more sensitive information than ever is archived in cloud storage. Such information provides juicy targets for hackers and identity thieves, making …
Q4-2019 GTA LAND INS...
Key Findings from Q4-2019 Apartment Land Market
1. 36 transactions in the Greater Toronto Area were reviewed for this report. The properties sold for $111 per-buildable-sf on average, a decrease both quarterly and annually.
2. In Q4-2019, high-density lands sold on a …
From the pages of our November issue...
Quote Worthy
Over the last few years, the government has trended toward facilitating new rental housing, with most incentives geared toward building new affordable rental housing. ~ Jason Birnboim, President, Beaux Properties
