Browsing Tag

rent

Rental vacancy rates last year hit lowest since 2002 after third year of decline

Ian Bickis - The Canadian Press Jan 16, 2020

Canadians hunting for an apartment are feeling the squeeze as rental availability dropped for the third straight year to reach a 17-year low, the Canada Mortgage and Housing Corp said Wednesday.The tightening market is pushing…

Real Estate

The Inclusive City; the Sustainable City; and the Missing Urban Developer

Cem Kayatekin Dec 17, 2019

In June of this year, New Yorkers bore witness to a rather unfamiliar historic moment. In the persistent urban struggle between real estate lobbies and tenant protection organizations, surprisingly it was the latter who found their hands…

Real Estate

Empty homes tax increase to be phased in over three years in Vancouver

The Canadian Press Dec 2, 2019

VANCOUVER — The City of Vancouver will be raising its empty homes tax by 25 per cent for each of the next three years in an effort to tackle a crisis in the lack of long-term rental housing.Mayor Kennedy Stewart says he has directed…

Real Estate

Average Monthly Rents Up 5.5 Per Cent in Canada: Report

Building Nov 29, 2019

According to the November National Rent Report from Rentals.ca and Bullpen Research & Consulting, the average monthly rent for Canadian properties in October was $1,940 per month, a decrease of 0.7 per cent monthly, but an increase of…

Real Estate

Growing population, declining mortgage rates speed up B.C. housing recovery

Dirk Meissner – THE CANADIAN PRESS Nov 25, 2019

VICTORIA – Housing sales in British Columbia are climbing faster than anticipated after a downturn, but a rebound won't be as inflamed as the sellers' market two years ago, says a report released Monday by Central 1 Credit Union.…

Real Estate

Number of Short Term Rentals Down in Vancouver After One Year of Regulations

The Canadian Press Nov 11, 2019

VANCOUVER — The City of Vancouver says its efforts to regulate short-term rental units and bring more long-term rental options back into the pricey housing market are working.The number of long-term rental business licenses have…

Real Estate

Premium rents, prices and investment potential within 400-km radius from campus, study shows

Building Oct 3, 2019

The Real Estate Investment Network (REIN) is releasing the inaugural REIN’s University Effect: A Report for Rental Housing Providers, describing for the first time how university campuses influence real estate rents, prices, values, and…

Real Estate

Rental rates in Canada up 8 Per Cent This Year for All Property Types

Building Sep 20, 2019

Although August is one of the busiest months for moving in Canada, the average rental rates declined for the second month in a row after two straight months of increases, according to the September National Rent Report produced by…

Building

Sales of Multi-Suite Residential Rental Properties Sustained Record Pace in Second Quarter of 2019

Building Sep 11, 2019

According to the latest Canadian Economic Outlook and Market Fundamentals Report by Morguard Corporation, the pace of commercial investment property sales picked up at the end of the second quarter and the multi-suite residential rental…

Real Estate

Rent Affordability for Low-Income Canadians Worse Than Mid-July: Rentals.ca Report

Building Aug 21, 2019

The August National Rent Report, produced by Rentals.ca and Bullpen Research & Consulting, shows affordability for low-income Canadians looking for a place to rent is worse than reported in mid-July by the Canadian Centre For Policy…

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