WEEK OF MARCH 20 2023 NEWSREEL WITH JEFFREY MCNEIL
The financial chaos in the US is having an effect in Canada and potentially to the apartment industry. We take a look at the why and how.
read moreCANADA’S LARGEST APARTMENT LANDLORD REPORTS RECORD RENT TURNOVER IN Q4
Canada’s largest apartment landlord is reporting record rent turnovers in its latest quarter. In a press release on Wednesday, Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) reported a record 24.3 per cent average rent increase on turnover in the fourth quarter. This beat the company’s previous rent turnover peak of 14.2 per cent in 2019. Rent turnover refers to the price that companies are increasing rent by for the next tenant, after the previous individual moves out....
read moreRESIDENTIAL REAL ESTATE INVESTORS AND INVESTMENT PROPERTIES IN 2020
Overview For the first time, the Canadian Housing Statistics Program (CHSP) is publishing data on investors. This article presents a profile of these owners and the residential properties they owned in the provinces of Nova Scotia, New Brunswick, Ontario, Manitoba and British Columbia in 2020. Key findings The proportion of investors among owners varied from 20.2% in Ontario to 31.5% in Nova Scotia. Among houses and condominium apartments, just under one in five properties was used as an...
read moreCMHC RENTAL MARKET REPORT
Our annual Rental Market Report provides in-depth analysis and market trends for major centres across Canada. The report uses data from the fall Rental Market Survey and Condominium Apartment Survey results. You’ll get: Analysis of primary and secondary rental markets Information covering new and existing structures A review of rent and vacancy trends relative to supply and demand and their economic and demographic drivers A new analysis for 2022 of average rent growth for 2-bedroom units that...
read morePOPULATION GROWTH KEEPS CALGARY HOUSING MARKET ON THE BOIL
Population will be the main driver of housing markets for the foreseeable future, according to Scotiabank, with Alberta leading the way. “Population dynamics are likely to continue playing an important role,” Scotiabank economist Farah Omran reported in an analysis of the latest national housing market statistics this week. “We are currently experiencing the most rapid pace of population growth in 50 years. The federal government continues to set higher immigration targets with...
read moreMORGUARD FORECASTS CONTINUED STRENGTH IN MULTI-SUITE RESIDENTIAL RENTALS
A new 2023 commercial real estate forecast report released by Ontario-based Morguard suggests interest in the multi-suite residential rental sector will remain elevated nationally in 2023 given healthy demand fundamentals and constrained supply. Morguard’s 2023 Canadian Economic Outlook and Market Fundamentals Report offered analysis of Canada’s commercial real estate market in 2022 and forecasted trends for 2023. The report revealed Canada’s recent housing market cooldown is expected to...
read moreWEEK OF JANUARY 9 2023 NEWSREEL WITH KERRY CHANDLER
This week, two headlines that appear to contradict which would be laughable if not for their significance to the state of our industry. Have a look as we explain.
read moreTHE BATTLE OF HOUSING COSTS: CITIES WHERE RENTERS & OWNERS HAVE IT BETTER
Living in major Ontario cities comes with the most expensive shelter costs. But, as housing expenses put pressure on most Canadian household budgets, some Québec cities offer more reasonable monthly costs — sometimes even three times cheaper. Canadian homeowners spend 24% (or almost $300) more than renters on monthly shelter costs. Major Ontario cities boast the most expensive housing costs: Homeowners in 9 cities (including Toronto, Brampton and Markham) pay more than $2,000 a month....
read more2023 SASKATOON REAL ESTATE FORECAST: INVENTORY A BIG CONCERN FOR RENTERS, BUILDERS AND BUYERS
It is difficult for the average person to find a home in Saskatoon. Whether you are looking for a rental, seeking an existing home or trying to buy a new one, the same problem exists; and according to local industry leaders, the first half of 2023 is unlikely to bring much relief. Nicole Burgess, CEO of the Saskatoon and Region Home Builders’ Association (SRHBA), has seen the issues from two sides of the market. First, sales of new homes screeched to a halt in the third quarter of the year...
read moreKEVIN RUSSELL ON THE CHALLENGES N.S. LANDLORDS FACED IN 2022
To cap off 2022, Huddle sat down with some of the key figures in Atlantic Canada’s business community – folks representing everyone from tourism operators to energy producers to the startup world. We asked each to reflect on the challenges, successes, and surprises that most impacted their industries and the lives of Atlantic Canadians this year. In the latest of several conversations we will bring you before the new year, Huddle reporter Derek Montague chatted with Kevin Russell, the...
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