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NexLiving to acquire 991 Devcore apts. in stock, debt transaction

Don Wilcox Residential Transactions Atlantic Canada Jan. 22 2024

Halifax-based NexLiving Communities has entered an agreement with Gatineau, Que.'s Devcore to acquire a $224 million portfolio of 16 multifamily properties comprising 991 apartments. The all-stock transaction also involves assumption of mortgage debt by NexLiving.

A reassessment of Ontario's property tax system

Robert Brazzell Commercial Taxes Ontario Jan. 12 2024

Ontario’s property tax assessment appeals landscape has shifted from an informal administrative process to a litigious quasi-judicial battleground. Legislative amendments, operational changes at the Assessment Review Board, activist municipalities and recent board and court decisions have propelled this transformation.

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