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Concert Properties is the largest developer of rental housing in Western Canada, [3] with properties in the Greater Toronto Area, Metropolitan Vancouver and Victoria, British Columbia, including 7,600 homes, 500,000 square feet of commercial space, 18 police facilities in Ontario, and three Tapestry retirement communities.
In 2014, GEC established the GEC Pearson campus-housing complex in the southwest region of Vancouver. [10] In the same year, GEC initiated the Global Education Centre project in Richmond. [ 11 ] The development includes a 313-room hotel for international students and a nine-storey building with classrooms for private educators.
In 2020, in Toronto, 21% of all housing, and 56% of condos were investor owned. In Vancouver, nearly 48% of condos, and 33% of all housing was owned by investors. [81] Across Canada, 1 in 5 homes were investment properties. Investors were found to be increasingly crowding out prospective first-time buyers in a 2024 analysis. [82]
Kerrisdale is a neighbourhood in the city of Vancouver, British Columbia, Canada. Kerrisdale is a neighbourhood located in Vancouver's west side. It features a mix of newer houses and older bungalows as well as various low and mid-rise rental and condo apartment buildings in its northern section.
He was a property developer in Vancouver, British Columbia, Canada, who, in the 1990s and 2000s, played a significant and controversial part in the city's real-estate boom. He has been described as "a leading contributor to Vancouver's 'City of Glass' reputation" during a period in which the city's skyline has been transformed, along with its ...
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]
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