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5 days ago | 
renx.ca | Steve McLean |Sarah Segal
A conceptual image of the property at 5600 Sherbrooke St. E. (Courtesy Groupe HD)Groupe HD and Fondaction have finalized a joint venture for the acquisition and development of a near-five-acre property in Montreal's Mercier–Hochelaga-Maisonneuve borough where they plan to deliver 1,200 homes through a multi-phased project. The site comprises over 210,000 square feet and is located at 5600 Sherbrooke St. E. Much of the property, which is also bordered by Chauveau Street, is currently vacant land.
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5 days ago | 
renx.ca | Sarah Segal |Steve McLean
Earlier this year, simplydbs embarked on a journey to discover what residents want in their rental homes. From suite layouts to lounges, we asked about 238 preferences. We also asked if, and how much, they were willing to pay for each preference. We got 1,500 responses from renters and owners across Canada resulting in 740,000 data points. We want to underline that this was a national study and the results speak to the overall trends.
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1 month ago | 
renx.ca | Sarah Segal |Don Wilcox |Steve McLean
Effective communication with tenants is a crucial aspect of a property manager's role. Their work becomes much more impactful when they know which communication channels to use for which specific purpose. Throughout the year, we ask residents a series of questions about how they prefer to receive communication from their housing providers.
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1 month ago | 
renx.ca | Sarah Segal |Don Wilcox |John Dujay |Steve McLean
Edmonton’s Core Real Estate Group is being acquired by Toronto-based property management giant FirstService Residential (FSV-T), adding approximately 15,000 residential units into its portfolio, the companies announced Thursday. Financial details of the transaction have not been released. Core Real Estate Group has been based in Edmonton since 2011.
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Feb 27, 2025 | 
renx.ca | Sarah Segal |Tyler Choi |Steve McLean
A question we pose in the Canadian Multi-Residential Study (CMRS) survey is whether residents would choose a smaller unit (200 to 400 square feet) with enhanced amenities and social spaces and pay 10 per cent less rent, or would they rather have a larger unit (1,000 square feet and more) in a building with fewer bells and whistles and pay 10 per cent more rent. In the 2024 study, 62 per cent chose space over amenities. We were curious about two things: what amenities and what space?
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Dec 4, 2024 | 
renx.ca | Steve McLean |Don Wilcox |Chad Griffiths |Sarah Segal
Managers of the new Harlo Diversified Canadian Real Estate Trust fund plan to incorporate a range of strategies into the open-ended vehicle, with an eye to raising up to $100 million in equity in their initial call for investors. The fund targets a five per cent annual yield and 12 to 15 per cent annualized returns. The strategy encompasses acquiring value-add income-producing assets and development through Harlo Capital; and private mortgages through Harlo Financial.
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Dec 4, 2024 | 
renx.ca | Steve McLean |Tyler Choi |Chad Griffiths |Sarah Segal
Slate Asset Management has partnered with JLL to enhance a technology platform the Toronto-based alternative investment company has been using for over a decade and is now marketing to other real estate professionals. JLL Asset Beacon is a software-as-a-service (SaaS) platform that integrates data across asset management functions to create a real-time, end-to-end view of performance — whether it’s a single asset, a fund or an entire portfolio.
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Dec 3, 2024 | 
renx.ca | Sarah Segal |Steve McLean |Adam Jacobs |Benjy Katchen
Mobile applications, or apps, have transformed the way we interact with the world. From social media to shopping, entertainment to business, apps have become part of daily life. It is also changing the rental experience. The creation and adoption of mobile apps accelerated during the pandemic and has continued at a brisk pace.
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Sep 11, 2024 | 
renx.ca | Danny Kucharsky |Tyler Choi |Don Wilcox |Sarah Segal
Nofada Immobilier has made the biggest acquisition in its 10-year history, purchasing the 214-unit Tours Chapdelaine in Quebec City from Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) for $35 million. The company specializes in acquiring value-add multifamily residential in the Greater Montreal and Quebec City areas, president Julien Simard told RENX. Nofada now has about 500 units that it either owns in full or in private partnerships.
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Sep 11, 2024 | 
renx.ca | Don Wilcox |Steve McLean |Danny Kucharsky |Sarah Segal
Great Canadian Entertainment has a definitive agreement to sell a second British Columbia casino, the Elements Casino Victoria, to the Indigenous-owned Petroglyph Development Group Ltd. (PDG) in what the two companies refer to as “another historic transaction for both parties”. The announcement builds on an agreement announced in June for Great Canadian to sell its other Vancouver Island asset, Casino Nanaimo, to PDG. PDG is a wholly owned corporation of the Snuneymuxw First Nation.
