Industry E-News Update
November 22, 2011
CAPREIT has Another Record Quarter in Q3 2011
CAPREIT has recently announced the results of Q3 in 2011. CAPREIT has reported strong operating and financial results for the three and nine months ending September 30. The operating revenues for the third quarter were up 9.1 per cent on high average monthly rents, increased occupancies and contributions from acquisitions. Click here for more information on CAPREIT's record quarter.
Apartment Industry Vital in Uncertain Economic Conditions
The Sign of the Industry report from ROCK Advisors highlights many industry insights and is set to be discussed during the Real Estate Forum a the end of this month. ROCK CEO Derek Lobo maintains that confidence is growing in the industry and rental apartment stock remains stable and consistent. To find out more about the Sign of the Industry report, click here.
October Construction Led by Ottawa Apartment Sector
CMHC recently released the latest housing starts for the Ottawa Census Metropolitan Area, totaling 602 units in October. Residential construction was dominated by activity within the city core, with the start of 197 new apartment units. Click here to learn more about Ottawa's apartment sector.
Government of Canada Deliver Investments for Affordable Housing
The Government of Canada recently delivered investments for Affordable Housing. The $481 million investment falls under a new affordable housing agreement that will create over 5,000 jobs and continue to reduce the number of households in need. To learn more about the Government's affordable housing initiative, click here.
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