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1 month ago | 
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.
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Sep 11, 2024 | 
renx.ca | Sarah Segal |Danny Kucharsky |Don Wilcox |Steve McLean
Right now, in Toronto, there are upwards of 120,000 purpose-built rental suites in the development pipeline. This is according to a June 2024 Toronto City Planning report. If all of these suites are built, they will add much-needed supply to address the city’s housing shortage. With all of these suites in various stages of development, how do developers decide exactly what to build?
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Aug 28, 2024 | 
renx.ca | Daniel Waldman |Steve McLean |Evan Duggan |Sarah Segal
Commercial Legal British Columbia In real estate transactions, the phrases "ready, willing and able to close" and "time is of the essence" are familiar to buyers and sellers alike. The rules and consequences have become more clear over the years when either the vendor or the purchaser fails to close. But what happens when neither side honours the deal, or both parties fail to close on the appointed date?
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Aug 27, 2024 | 
renx.ca | Steve McLean |Neil Sharma |Evan Duggan |Sarah Segal
Units at the award-winning Maple House apartment complex in Toronto’s Canary Landing community are nearly 80 per cent leased and the project is on track to achieve full occupancy within the next few months. The 770-unit development on the eastern edge of downtown Toronto is comprised of two 16-storey buildings and one 26-storey tower emerging from a masonry podium.
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Aug 27, 2024 | 
renx.ca | Steve McLean |Evan Duggan |Don Wilcox |Sarah Segal
Conwest, the Vancouver firm behind innovative industrial developments such as Riverworks and Ironworks, is entering the highrise residential sector with a proposal to build a 24-storey condo tower at the busy intersection of King Edward Ave. and Knight St. The proposal, which Conwest submitted for rezoning in March, is to build a 79.5-metre tower that would include 233 condos, street-level commercial space totalling 4,300 square feet, and a 37-space childcare facility.
