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REIT [1] Traded as (TSX) Profile Major tenants/properties Allied Properties REIT AP.UN: Office Artis AX.UN: Diversified: Artis REIT Residential Tower: Boardwalk REIT
Calgary had the highest market rental rates in Canada. In order to rent a two-bedroom apartment a household would need to have an income of $53,000. Approximately 42,000 households were spending over 50% of the annual income on housing, putting them at risk of homelessness. Over 3,200 people in Calgary were homeless in 2022. [11]
Rent regulation in Canada is a set of laws and policies which control the amount by which rental prices for real property can increase year to year. Each province and territory can pass legislation, where the purpose is to limit rent prices increasing beyond what is affordable for most home dwellers.
In September 2017, it was announced that First Capital was considering selling $500 million worth of properties in Ottawa and Toronto in which it has a partial interest. [1] As December 31, 2023, 45% of the FCR portfolio is in the Greater Toronto and Greater Ottawa areas. [10] Shops at King Liberty, a First Capital Property in Liberty Village ...
Canada Lands was reactivated in August 1995 by the Government of Canada as a "federal nonagent commercial Crown corporation" for the disposition of physical government properties deemed superfluous. [ 4 ] : 69 It is mandated by the government to act as its agent for the disposal of such assets, [ 4 ] : 67 and the government is the company's ...
Despite the land use district being available, land owners in Calgary's developed area have challenges in getting a secondary suites approved. As there is little inner-city land designated for secondary suites, any such approval requires a rezoning of the property, and this requires approval from a Council that is divided on the issue. [11]