How Vanier Multi-Family Properties Performed in 2021
Roch St-Georges 2 years ago

The Ottawa real estate market is quite hot and buyers are competing in this low inventory market.

With Ottawa real estate prices hitting all time highs in 2021 it was a great year for real estate investors to refinance their multi-family properties to acquire more assets. A total of 168 multi-family properties sold in the City of Ottawa last year. The Ottawa Real Estate Board also listed and sold a total of 446 multi-family properties that were located outside of Ottawa. Small towns outside of...
Vacancy Rates Fall, Many Condos are Rentals in Ontario
Roch St-Georges 6 years ago

The Canadian Mortgage and Housing Corporation say that the demand for rentals outpaced supply. Across the country, the number has gone up to 23,000 in the last 12 month which is a 1.2% increase.

The demand was fuelled by migration to Canada, improving employment for young adults allowing them to move out of the family home as well as an aging population looking for low maintenance living.

Many condo units are being used as rental units. Between 22-38% of all condos in the province of Ontario...
Landlords Want to Prohibit Tenants from Growing Marijuana
Roch St-Georges 6 years ago

An increase number of landlords want to prohibit their tenants from growing marijuana plants in multi-family, condominiums and other rental units. Under the proposed Cannabis Act which was introduced in the House of Commons only last week people over the age of 18 would be able to grow up to 4 plants at home provided they are not taller than 100 centimetres.

The Canadian Federation of Apartments Associations believes people should only be able to grow marijuana in single-family homes that they...
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