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How Cities Rip-Off Renters

Posted in Association News, Housing, Legislation, Tax Law

How Cities Rip-Off Renters

It’s election year for mayors and city councillors across Ontario. Which means you’ll hear municipal candidates campaign for “lower rent”, “affordable housing” and “protecting tenants”. This is what you won’t hear: City councillors actually cause higher rents for tenants.  City councils impose the highest, most regressive tax rates in Canada on the lowest income residents. City councillors charge tenants two to three times more in property tax than homeowners. Usually they get away with it. ...

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The 7 most innovative skyscrapers of the future

Posted in Development, Industry Trends

The 7 most innovative skyscrapers of the future

Earlier this week architecture magazine eVolo announced the winners of its 2014 skyscraper competition, which honors innovative design from the world’s most forward-thinking futurists. More than 500 proposals from 43 countries were submitted for the ninth annual competition. When the dust settled, three winners were named alongside 20 honorable mentions. For a snapshot of the standouts, here are the trio of winning entries followed by our four favorite runners-up. 1st Place – Vernacular...

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THE RIGHT PRICE FOR MAINTENANCE

Posted in Development, Flooring, Housing, Interior Building, Maintenance, Professional Services, Suite Renovations, Technology

THE RIGHT PRICE FOR MAINTENANCE

Is your portfolio consistently over budget? Many multifamily companies have poor property level purchasing habits that have become an accepted way to do business. Busted budgets, rogue spending, decentralized purchasing programs and a general lack of control at the corporate level are just a few of the issues that plague companies that don’t have a technology-based managed procurement plan in place. Typical Purchasing Environment Typically, MRO, paint, floor covering and office supply...

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Why We Need More Gen Ys in Property Management

Posted in Communications, Employment, Industry Trends, Marketing

Why We Need More Gen Ys in Property Management

Millennials, or Gen Ys, have been on the minds of apartment industry leaders in recent years. The generation is expected to have a significant impact on the future of rental housing, both as employees and renters. Interestingly, a recent study by PwC reveals that many Millennial employees don’t believe that excessive work demands are worth the sacrifices to their personal life. This likely is a polar opposite belief for many more seasoned apartment industry leaders who grew up believing that...

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$289,772 PER UNIT: NORTH VANCOUVER RENTAL TOWER SELLS FOR RECORD PRICE

Posted in Broker Sales, Housing

$289,772 PER UNIT: NORTH VANCOUVER RENTAL TOWER SELLS FOR RECORD PRICE

Talk about solid investments: two concrete apartment buildings have been sold in North Vancouver. A 15-storey, 88-suite high-rise in the Lower Lonsdale neighbourhood marks the first high-rise, purpose-built apartment building sold in 23 years in North Vancouver (151 East Keith Road, shown in the picture). An 18-suite low-rise, in Vancouver’s tony Kerrisdale area, has also been purchased by a developer as part of a land assembly. Both transactions were reported in the most recent edition of The...

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Apartment Fires on the Rise

Posted in Bylaws / Regulations, Communications, Fire Safety, Health & Safety, Insurance

Apartment Fires on the Rise

Following last December’s fire that left one dead , the massive fire that leveled a three story apartment building in New Westminster, BC (video coverage below) and last week’s fire that destroyed Hamilton’s oldest apartment buildings on Bold Street, seem to have resurfaced major media attention regarding fire safety in the rental housing industry. Although many of these fire’s we’re not tenant related, these recent events should give property owners and tenants a reason to pause and consider...

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Emerging Real Estate Trends 2014

Posted in Communications, Development, Finance, Housing, Industry Trends, Newsworthy, Professional Services

Emerging Real Estate Trends 2014

PWC and the Urban Land Institute recently launched a publication titled Emerging Trends in Real Estate 2014®. We have highlighted some the top trends and industry reports for the real estate market with an onus on data pertaining to the multi-residential sector. Top Trends for 2014 Cap Rates on the Rise Survey respondents agree that capitalization rates will stabilize or rise in 2014 depending on specific assets. To some extent, this will be a function of higher borrowing rates. “We have seen...

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The Millennials are coming!

Posted in Communications, Housing, Industry Trends, Marketing, Newsworthy

The Millennials are coming!

Attracting a Millennial Tenant Base to Your Property Fast-moving,tech-savvy and discerning in style, members of the Millennial generation—or those born between 1980 and 2001—take plenty of time to assess their needs and wants before deciding on a living space. Whether they are coming from university lecture halls or settling into a burgeoning career, many 20- and 30-somethings crave a comfortable brand of communal living that accommodates their social lifestyle. That sociability is one reason...

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Canadian Real Estate Firm Skyline Celebrates 15th Anniversary

Posted in Media Releases, Milestones, Newsworthy

Canadian Real Estate Firm Skyline Celebrates 15th Anniversary

Founders reflect on Skyline’s humble beginnings, exponential growth and recent milestones After closing out a year of milestones and achievements, Guelph-based Skyline Group of Companies has one more accomplishment to celebrate. The real estate acquisitions, management and investment company officially turned 15 on January 27. With three solid real estate investment trust (REIT) products collectively managing over $1.3 billion in assets, and a team of over 400-strong, Skyline and its founding...

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