Overall investment in Canada was down by 35 per cent in 2023 versus 2022, according to data from Altus Group, the most significant percentage drop since the first year of the pandemic.
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.
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