FRPO: Rent controls could be ‘very damaging’

FRPO: Rent controls could be ‘very damaging’

The head of the Federation of Rental-housing Providers of Ontario (FRPO) says one key plank in the province’s Fair Housing Plan could be “very damaging” to the GTA’s rental housing sector. Rent controls could stall the construction of new purpose-built rental apartments, said FRPO president/chief executive officer Jim Murphy.

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Starlight adds second new downtown Hamilton high-rise

Toronto-based Starlight Investments has added another luxury multi-residential property to its rapidly expanding portfolio in the Greater Toronto and Hamilton Area (GTHA). Starlight announced this week the completion of the forward sale of the newly constructed 29-storey Regency Suites in Hamilton.

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Windmill’s Arch Lofts nearing completion

Arch Lofts, a Toronto church-to-condominium conversion, is hosting a preview this weekend in advance of first occupancy in July. “Arch Lofts is an intimate-scale project of only 39 units in an established residential neighbourhood that’s well-connected by transit and paths,” said Windmill Development Group partner Alex Speigel.

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Algoma selloff continues; Corporate Park property sold

The selloff of properties owned by the Algoma Central Corporation (TSX: ALC) continued this week with the sale of its Corporate Park holdings in St. Catharines, Ont. Algoma says net proceeds from its share of the properties is $26.4 million.

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Ontario unveils energy and water reporting program

Ontario will be the first province to introduce an energy and water reporting and benchmarking regulation for large privately owned buildings next year, and the Canada Green Building Council held an April 6 workshop in Toronto to help owners prepare.

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Empowering entrepreneurs in Saskatchewan

Seeing a business plan grow from a dream to a reality is not for the weak of heart. Financing and strategy necessitate accessing the best advice to develop a sound concept.

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Six months ago: Deerfoot City is taking shape in Calgary

The evolution of Calgary’s Deerfoot Mall into Destination Deerfoot City took another step forward this month with the opening of a new 103,000-square-foot Canadian Tire. Vancouver-based Shape Properties purchased the property from Ivanhoé Cambridge for a reported $78 million in 2011 and is undertaking a two phase redevelopment that will almost double the leasable area. 

Property Biz Canada

One year ago: Fengate creates Oakville office, industrial node

Betting heavily on the continued growth of the Oakville market and the Greater Toronto Area in general, Fengate Capital Management recently unveiled real estate deals that combined with prior acquisitions, give it 47 acres of contiguous lands with over 1.1 kilometres of unobstructed highway exposure.

Property Biz Canada

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