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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.
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
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.
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]
The company rapidly expanded, opening at least one property every year. In 1976, a new tier of hotels was added to the company profile with Sandman Hotel Vancouver. In 2007, the Sandman Signature brand was added as a higher end brand. The Northland-owned chain currently has 47 properties across Canada and 4 in the United Kingdom.
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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