purpose built rental
Development Projects
Telus Living & Ledcor Proposing 25-Storey Rental Tower In East Vancouver
The proposal by Telus Living and Ledcor Group is set for 354-380 East 10th Avenue in the Mount Pleasant neighbourhood of Vancouver.
Feb 06, 2025
Development Projects
GWLRA Pivots False Creek Flats Office Project To Twin 28-Storey Rentals
The proposal by GWL Realty Advisors is set for 1220 Station Street in Vancouver, where they were previously planning an office project called False Creek Station.
Industry
STOREYS' Trend Of The Year: The Pivot To Purpose-Built Rentals
Over the last twelve months, many industry professionals have shifted their focus from the embattled condo market to creating more purpose-built rentals.
Construction
Purpose-Built Rental Starts “Nearly Quadrupled” In A Decade (And More Are On The Way)
Rental construction is having a “renaissance” in Canada, and we’re seeing that realized in starts, completions, and the uptake of multi-unit insurance products from CMHC.
Renovated Victorian With Sweeping Rooftop Terrace Hits Cabbagetown Market
Nestled on one of Cabbagetown’s most picturesque stretches, a classically restored Victorian has hit the market, serving old Toronto elegance with a distinctly modern twist.
Construction
Inside The Financing Challenges Developers Are Facing With Rental Projects
According to a survey conducted by the CMHC this year, 85% of rental developers said they're having difficulties financing their projects.
Development Projects
GWLRA Planning Twin Rental Towers On Robson After $121M Land Assembly
The two towers are set for 1525-1555 Robson Street in Vancouver, two parcel GWL Realty Advisors acquired in separate deals across several years.
Renting
Toronto Considering DC Deferrals, Property Tax Cuts For Purpose-Built Rentals
Toronto City Council is due to consider a new Purpose-Built Rental Homes Incentive on November 13.
Development Projects
Gracorp And Fiera Real Estate In Legal Battle Over JV Project In Vancouver
The joint venture between Gracorp Properties and Fiera Real Estate is a 16-storey rental tower planned for 1045 Burnaby Street in the West End of Vancouver.
Industry
6,800 New Condo Units Changed To Rental, Cancelled, In Receivership Since 2022 Across GTHA
In the third quarter alone, three active condo projects totalling 1,111 units were converted to purpose-built rental, while eight projects totalling 2,231 units were put on hold, cancelled, or placed into receivership.
Industry
Planned 34-Storey Willingdon Rose Project In Burnaby Subject Of Foreclosure
The Willingdon Rose project, set for 6622 and 6688 Willingdon Avenue in Burnaby, received third reading approval in December 2022, but is now under foreclosure.
Renting
Toronto Rental Starts Slashed In Half As “High Cost Of Financing” Cuts Into Profitability
The plunge in purpose-built rental starts can additionally be attributed to “consecutive months of declining asking rents,” according to Canada Mortgage and Housing Corporation.
Development Projects
Pinnacle 3-Tower Carrigan Court Project In Burnaby Receives Final Approval
The project at 3846 Carrigan Court is being developed by Pinnacle International, the developer of the nearby Pinnacle Lougheed project.
Development Projects
Bosa Properties Planning 5-Tower Bristol Project In Surrey After $170M Acquisition
The Bristol project is set for 13301 104 Avenue in Surrey, near the Parkway and University District projects also by Bosa Properties.
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