News | Multifamily

September 11, 2025 | 2:29 P.M.
Developer pitches residential towers to replace Vancouver filming location
A developer has proposed building what would be the largest condominium project under Vancouver’s high-density housing plan to help alleviate the region's housing shortage.
September 10, 2025 | 8:19 P.M.
Hotel owner Kejja moves into apartment sector with purchase of Montreal-area complex
Montreal-based Kejja Group, which owns several hotels and campgrounds, has expanded into the rental apartment sector with a major multifamily acquisition.
September 9, 2025 | 11:46 P.M.
Southern California landlords are saying goodbye to grass
Southern California landlords, facing looming deadlines to cut water use, are swapping grass for poppies, succulents and other drought-resistant plants at office campuses and apartment complexes across the region. And they're getting paid to do it.
September 9, 2025 | 5:51 P.M.
Construction to begin next year on Montreal's Bridge-Bonaventure project
Construction is slated to begin next summer on the first 376 of up to 13,500 residential units expected to be built in the 5 million-square-foot industrial area south of downtown Montreal known as Bridge-Bonaventure.
September 9, 2025 | 2:19 P.M.
More rental apartments continue to be built in Montreal than in Toronto
Montreal and Toronto have been building more purpose-built rental, or PBR, apartment units in recent years, according to data from the Canada Mortgage and Housing Corporation, or CMHC. These housing units are designed and built specifically for the rental market rather than to be listed for sale or converted to rental properties later. As of July, the country's two largest cities were adding a record number of units under construction.
September 5, 2025 | 4:12 P.M.
Canada's biggest apartment owner buys five properties, sells two as part of portfolio overhaul
Canadian Apartment Properties Real Estate Investment Trust is adding five multifamily properties to its portfolio as the country's largest apartment owner works to upgrade its portfolio to include newer, premium real estate.
September 4, 2025 | 9:12 P.M.
Edmonton offers to help fund student housing projects to ease shortage
The city of Edmonton has launched a $15 million fund aimed at increasing the supply of student housing in its downtown core by offering developers funding of up to $30,000 per unit created.
September 4, 2025 | 5:35 P.M.
Boardwalk REIT making big multifamily buy in Quebec
Calgary-based Boardwalk Real Estate Investment Trust said it will spend $249 million to purchase three towers at the Central Parc apartment complex in Laval as it works to expand its presence in the greater Montreal area.
September 4, 2025 | 3:30 P.M.
Pension fund buys out Westbank’s stake in one of Vancouver’s biggest housing projects
Real estate developer Westbank has sold its stake in a 6,100-unit residential project under construction in Vancouver that's billed as one of the largest First Nations economic development projects in Canadian history.
September 3, 2025 | 9:12 P.M.
CoStar World News for Sept. 4
September 3, 2025 | 3:05 P.M.
Toronto's Slate Asset Management appoints C-level officer based in largest US property market
Slate Asset Management has hired former Goldman Sachs executive Neil Kaufman as chief administrative officer. He will be based in its New York City office.
September 3, 2025 | 11:35 AM
New mass-timber tower doubles student housing at Burnaby campus as government funds more units
The British Columbia Institute of Technology opened a 12-floor student housing, the latest development to use mass timber construction as the provincial government funds more projects to ease a student housing shortage.
September 2, 2025 | 11:45 AM
British Columbia's new local residential targets would add nearly 39,000 units
British Columbia said new minimum residential construction targets would add almost 39,000 units across 10 cities in the next five years, to address the growing housing shortage.
August 27, 2025 | 8:54 P.M.
CoStar World News for Aug. 28
August 27, 2025 | 1:46 P.M.
Thousands of new apartment units have been added in Western Canada, with thousands more on the way
Apartment developers across Western Canada have certainly responded to the call to increase housing affordability. An unprecedented wave of construction activity is addressing a long-standing supply shortage, resulting in a significant transformation in the rental housing landscape that is both promising and cautionary.
August 27, 2025 | 1:45 P.M.
Calgary's apartment market has quickly become a battleground in the competition for renters
Calgary is one of the most under-pressured multifamily markets in Canada, with new projects continuing to break ground at a record pace.
August 25, 2025 | 9:28 P.M.
Hydro-Québec considering Miséricorde site for new substation
Hydro-Québec may finally be nearing success in its six-year quest to find land in downtown Montreal to build a new electrical substation.
August 21, 2025 | 11:15 P.M.
Vancouver dance academy plans housing tower
A prominent ballet academy has filed plans to redevelop its property in Vancouver’s Mount Pleasant neighbourhood to expand the school and add a 25-storey student housing tower.
August 21, 2025 | 3:20 P.M.
US apartment giant to buy Canada's Dream Residential REIT
Morgan Properties, an apartment giant based outside Philadelphia, agreed to buy Toronto-based Dream Residential REIT to add the Canadian firm's holdings in the U.S. Midwest and fast-growing Sun Belt.
August 21, 2025 | 11:03 AM
Global real estate investment lifts slightly year-on-year
There was $380 billion invested in global real estate in the first half of 2025, a small rise on $376 billion in the same period last year, reports property services provider Savills.

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