Canada’s multifamily housing market robust: report

Vacancy rates below 10-year average, rents on the rise: CBRE

Canada’s multifamily housing market robust: reportCanada’s multifamily housing market is the most robust it has ever been, , according to CBRE’s new Canadian Multifamily Mid-Year Update. Apartment buildings are practically full from coast to coast and rental rates are at or near 10-year highs in almost every market, according to CBRE. The commercial real estate firm’s report said the national…

Keeping a keen eye on the housing market

Andie Daggett of Urban Analytics provides a precise snapshot of Calgary's rental market vacancies and rates, and offers a market forecast

Keeping a keen eye on the housing marketAndie Daggett is manager of rental market data (Alberta) for Urban Analytics. What is Urban Analytics and what do you do? Daggett: Urban Analytics is a real estate based market research and advisory firm. We track all of the new multi-family home and purpose-built rental projects in Vancouver, Calgary and Edmonton. Half of our business…

Preserving diverse housing options in Calgary

Maya Kambeitz of Norfolk Housing Association talks about providing social housing without stigma

Preserving diverse housing options in CalgaryMaya Kambeitz is executive director of Norfolk Housing Association. What is Norfolk Housing Association (NHA) and what does it do? Kambeitz: Norfolk Housing is essentially a social enterprise dedicated to creating inclusive and affordable communities for people of all socio-economic backgrounds. We own and operate multi-residential housing that uses a unique mixed-income model to deliver…

Brad Wall embraces the Avenue Living vision

Former Saskatchewan premier talks about why he has signed with the rental housing provider on as a special adviser

Brad Wall embraces the Avenue Living visionFormer Saskatchewan premier Brad Wall recently joined Calgary-based Avenue Living Asset Management as a special business adviser, as well as a trustee to the Avenue Living Real Estate Core Trust. The company has more than $1.3 billion in assets with more than 8,500 residential units across Western Canada. Calgary's Business has a two-part question-and-answer with…

Strong quarter reported by Calgary-based Mainstreet Equity

Add-value, mid-market consolidator of apartments in Western Canada

Strong quarter reported by Calgary-based Mainstreet EquityCalgary-based Mainstreet Equity Corp. announced Tuesday that it had a fourth consecutive quarter of year-over-year double-digit growth in revenues, net operating income and funds from operations. Those results extend a sharp upswing in its operational performance over the past 12 months. Mainstreet, an add-value, mid-market consolidator of apartments in Western Canada, said its second quarter…

Apartment rental online platform launched in Alberta

The goal is to make apartment renting stress-free, transparent and safe for everyone

Apartment rental online platform launched in AlbertaRentWell Ltd. has launched an apartment rental website across Alberta. The company said its online platform will help landlord and tenants living in Calgary, Edmonton and Red Deer in Alberta, seeking to list their apartment rental or find rental property. “RentWell.Ca combines the latest in technology innovation with experience in the rental housing market,” said…

Calgary and Edmonton rental housing prices to plateau

The new mortgage stress test, higher interest rates and home prices have dramatically increased the number of renters

Calgary and Edmonton rental housing prices to plateauAverage rents across Canada will increase six per cent in 2019 and by as much as 11 per cent in Toronto, nine per cent in Ottawa and seven per cent in Vancouver, according to the National Rent Report, released on Monday by Rentals.ca. The good news for Alberta renters is that increases are only forecast…

Mainstreet Equity records best fiscal year since recession

A return to double-digit growth across all of its key real estate metrics

Mainstreet Equity records best fiscal year since recessionMainstreet Equity Corp. says the apartment rental company managed to not only survive but thrive in 2018, producing its best annual results since the recession began in 2014. For Fiscal 2018, which ended Sept. 30, this included a return to double-digit growth across all of its key real estate metrics. Net operating income grew 12…

Bridging the gap between renters and landlords

Mark Hawkins talks about how Rentfaster.ca evolved from a small local website to a national brand by stressing customer service

Bridging the gap between renters and landlordsMark Hawkins is president and owner of Rentfaster.ca. What is RentFaster? When did it start and how does it work? Hawkins: Technically, Rentfaster.ca is an Internet listing service (ILS), but really it’s a website that’s designed to help landlords and renters connect. Rentfaster.ca started in 2003 and has evolved over the years to really help…

Calgary, Edmonton rental vacancy rates decline, rents rise

A resurgence of migration, particularly from interprovincial sources, has increased the demand for rental units: CMHC

Calgary, Edmonton rental vacancy rates decline, rents riseThe rental vacancy rates in the Calgary and Edmonton regions have fallen in the past year, according to the latest Rental Market Survey released on Wednesday by Canada Mortgage and Housing Corp. In Calgary, the federal agency said the apartment vacancy rate significantly decreased for the second consecutive year to 3.9 per cent in 2018…