Four reasons home prices keep soaring in Vancouver and Toronto
There are four key reasons housing prices have soared in Vancouver and Toronto over the last two decades, according to a report released by RBC on Friday. And foreign investment is not one of them. The report estimated that since 1999, home prices in Toronto have increased 162 per cent in Vancouver and 140 per cent in Toronto. There have been many theories as to why this has happened, but according to RBC, there isn’t one singular factor to blame. Here’s a breakdown quantifying the main...
read moreCREATING A TENANT RETENTION PLAN
READY. SET. GO. While it is true that success in real estate is a result of ‘location, location, location’ ‘rent, rent, rent’ is equally as important. The ability to maintain rentable building space for financially sound tenants is the key to maintaining cash flow and helping owners achieve ownership goals. Retaining tenants is of paramount importance. Building owners expect their in-house management team to provide and maintain the programs and services that will keep...
read moreCanadian 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...
read more5 Tactical Steps to the Lease
Every sale has steps to it. I believe that defining and creating a pipeline around those steps can help simplify your sales process and make you and your entire team more successful. In fact, when I was selling technology in the auto industry, it was vital not to cut corners or bypass any step…because each one played a role in the end result. So what are the steps to the sale / lease for your property(ies)? Step 1: The Interview Let’s skip prospecting for the moment and start with the...
read moreCities with the largest rent hikes and Canada’s lowest vacancy rates
Prairies On Fire As Toronto Lags Some of Canada’s major metro areas have seen soaring rental prices over the past decade, but which cities those are could surprise you. Canada’s largest and most expensive rental markets saw some of the weakest rental rate growth over the past decade, while the biggest jumps took place on the booming prairies and even in Atlantic Canada, says BuzzBuzzHome in an analysis of data from the Canada Mortgage and Housing Corp. Regina saw the largest rental price hikes...
read moreLessons for Ontario from Boca Raton
It’s up to government to unlock the door to affordable housing I was fortunate to attend the recent National Multi-Housing Council’s (NMHC) annual Apartment Strategies Conference in Boca Raton, Florida. Fortunate, not just to get break from Toronto’s minus-20 temperatures, but to also get a glimpse of the future for housing in Ontario. One of the highlights was a presentation by NMHC President Doug Bibby, where he highlighted a barrage of major trends for rental housing in the U.S....
read moreManitoba Housing Crunch creates affordability issues
Across Canada, housing prices slowed down in 2013, but in Manitoba, there are no signs of the housing crunch abating. Last month, the average house price in Winnipeg surpassed $300,000 for the first time ever, according to new data from the Canadian Real Estate Association. Good news if you are looking to sell, but tougher if you are just getting into the housing market. However, it is not just home buyers who should be concerned about this news. Because the housing system is interconnected,...
read moreApartment building boom in Edmonton area will add 5,000 rental units
By BILL MAH, Edmonton Journal Apartment buildings are sprouting up across Edmonton at a rate not seen in recent memory. There are 46 apartment developments under construction in the region, according to commercial real estate firm CBRE. Those projects will add about 5,000 new rental units to the market. “An average year prior to the building boom would have been 1,000,” said Bradyn Arth, an associate with CBRE’s national apartment group Edmonton office. The last time Edmonton saw similar...
read moreFRPO IS PLEASED TO INTRODUCE YOUR NEW PRESIDENT AND CEO
SCOTT ANDISON has been named President & CEO of the Federation of Rental-housing Providers of Ontario (FRPO) as of January 20, 2014. Previously, Scott was with Cushman & Wakefield (Canada) where he was the national practice leader for commercial property tax. He brings extensive government relations, board management, and association leadership experience gained through progressive positions throughout his career. He has held senior director and CEO positions with provincial and...
read moreA POPULARITY CONTEST
12 Super Social Tips | By Erica Rascón, YARDI Social media is an integral part of today’s consumer relations and marketing. As such, it pays to be on top of your social media game. A few tips will make your outreach efforts easier and more effective. 1. Create a user-friendly handle. Keep your username short and free from fancy characters. Users shouldn’t have to flip through multiple screens on their QWERTY keyboards just to @, # or follow you. Those seconds (and characters) are precious!...
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