rental
Renting
“A Steepening Decline”: Average Canadian Rent Sinks To 17-Month Low
Average asking rent was $2,109 in December, putting it 3.2% below the year-ago level. Nonetheless, the average has climbed 16.8% over the past five years.
Jan 10, 2025
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.
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.
Muskoka
Muskoka's Short-Term Rentals Will Now Require A Licence To Operate
If you have a rental cottage in Muskoka, you’ll soon need a licence to legally operate it.
Privacy And Beauty Abound At This Remote Roberts Island Paradise
Accessible only by boat — a mere 10-minute ride from Skeleton Lake Marina — this property promises total privacy and an uninterrupted connection to the outdoors.
Renting
“A Rare Occurrence”: Average Canadian Rent Falls For First Time Since 2021
The national average was pulled down by steep annual rent declines observed in Toronto (-9%) and Vancouver (-8%) as renters flocked to more affordable markets.
Renting
Average 2-Bed Rent Could Hit $5,600/Month In Toronto By 2032
The outlook for Toronto rent growth represents an astounding 72% increase compared to 2023 and projects a 26% rent increase to $4,100 by 2027.
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
Greystar Proposes Rental Towers After Buying Science World McDonald's For $80M
For 1527 Main Street in Vancouver, Greystar is proposing a 22-storey and 18-storey rental tower with a total of 371 units.
Renting
How The Government Of Canada Is Approaching The Renters' Bill Of Rights
The Government of Canada committed to establishing a Renters' Bill of Rights as part of Budget 2024.
Industry
PC Urban Founder Brent Sawchyn On Getting Creative In A Conservative Industry
Development is a conservative profession by nature, but out of necessity, it’s also getting more creative in its delivery, says long-time developer Brent Sawchyn, founder of Vancouver’s PC Urban, a merchant development company that builds purpose built rental and industrial strata buildings in Western Canada and soon, Toronto.
Renting
Size Matters: Renters Prioritizing Space And Price Over Location
A study from simplydbs found that 74% of renters valued price over location, amid a high cost of living.
Renting
“Historically Irregular”: Canadian Rent Growth Slows To Almost 3-Year Low
The sluggish summer is attributed to “a combination of more supply being built, as well as a rollback in demand from population-related changes in government policies.”
Multifamily
The Lauren, Developed By Westbank And Peterson, Sold To Starlight
The Lauren is a 22-storey rental tower located at 1051 Broughton Street in the West End of Vancouver that was completed by Westbank and Peterson in 2014.
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