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Ontario

CAPREIT bulks up liquidity with $740M portfolio sale to TPG: CEO

Don Wilcox Residential Transactions National Jul. 15 2024

UPDATED WITH QUOTES: CEO Mark Kenney says CAPREIT's (CAR-UN-T) move to sell 75 Canadian manufactured homes communities to TPG Real Estate for $740 million is another step toward becoming a pure-play apartment investor and manager.

905 supplants 416 as market of choice in GTA's slow condo sector

Neil Sharma Residential Condominiums Toronto / GTA Jul. 10 2024

The 905 has supplanted Toronto proper as the region’s hub of condominium development, largely owing to the latter’s exorbitant land costs and surging tax regimes. Stubbornly elevated interest rates aren’t helping the 416, either.

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 P.O. Box 1484, Stn. B
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