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Multi-Family

Nine sites set as feds offer $500M loans for Vancouver rental developers

Nine sites set as feds offer $500M loans for Vancouver rental developers

Federal Housing Minister Sean Fraser was reluctant to share locations of all nine sites backed by the low-cost loans
Rent hit a new high in July as students prepped for school, buyers sidelined: report

Rent hit a new high in July as students prepped for school, buyers sidelined: report

TORONTO — Canadian renters have long lamented the increasing prices they see landlords request of tenants, but in July, those totals hit a level unseen in the country's history. Data from Rentals.
Canadians remain among the top foreign buyers of U.S. property

Canadians remain among the top foreign buyers of U.S. property

Homebuyers from Canada spent US$6.6 billion on vacation, rental and permanent residence properties south of the border between April 2022 and March 2023
Builder of troubled Langford rental tower files for bankruptcy

Builder of troubled Langford rental tower files for bankruptcy

Evacuated twice due to safety concerns, 150 creditors are owed more than $51 million, filing says
Vancouver SRO owner rejects rent control, favours more housing supply

Vancouver SRO owner rejects rent control, favours more housing supply

Greg Spafford: "What Vancouver needs overall is just more housing — any type, any level."
B.C. launches $500 million rental building buy fund

B.C. launches $500 million rental building buy fund

Katie Maslechko, CEO, will stick handle controversial B.C. government program that aims to help non-profits buy and preserve older rental apartment buildings
Edmonton on a real estate roll as Exhibition Land sales start

Edmonton on a real estate roll as Exhibition Land sales start

City has seen $800 million in commercial real estate transactions through the first quarter as nearly 200 properties sold
Changing strata law to 55-plus not a blanket ban on young

Changing strata law to 55-plus not a blanket ban on young

Some B.C. strata corporations have changed or plan to change to a 55-plus age regulation to get around a new provincial law that stops a ban on condo rentals
New Saanich policy to require developers to help displaced tenants

New Saanich policy to require developers to help displaced tenants

For all rezoning applications that result in permanent displacement of five or more tenant households, the applicant would have to offer relocation help and the right to a new suite at a discounted rate
More than 100 DTES homeless will move to ‘ultra-trendy’ South Granville

More than 100 DTES homeless will move to ‘ultra-trendy’ South Granville

Residential tower is ‘Just steps from the ultra-trendy South Granville shopping district, with a mix of high end fashion boutiques, home furnishing stores, cafés and restaurants’