Industry E-News Update
August 24, 2011

CAPREIT Second Quarter Results

CAPREIT recently released its second quarter results, which saw operating revenues increased by 4.1 per cent on higher average monthly rents. Occupancy levels from 2010 to 2011 also increased from 98 per cent to 98.4 per cent. Click here to learn more about CAPREIT's second quarter.

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July Housing Starts

The CMHC reported an increase in July housing starts in the Vancouver Census Metropolitan Area, totaling 1,538 homes. The primary focus of new residential starts is on multi-residential construction, primarily apartment condominiums. The seasonally adjusted annual rate of housing starts across Canada increased from 196,000 units in June, to 205,100 units in July. To find out more about the Vancouver housing starts, click here.

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Record Year Set for Investment Market

The GTA investment market is poised for a record breaking 2011, maintaining a strong rebound from numbers sustained two years ago. Escalating values have both buyers and sellers ready to capitalize, and REIT’s have already acquired $1.4 billion in assets in the first of 2011. Click here to find out more about GTA investment market.

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Advertise with Canadian Apartment Magazine - Online and Print

For our Media Kit, additional information and key contacts, please click here.