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Vancouver rentals: 80% of condos offer 1 parking spot

80 per cent of condos in Vancouver offer one parking spot, new data shows.

Vancouver is known as being one of the most expensive cities in Canada when it comes to rentals, and with that growing focus comes increasing attention to the amenities on offer. 

The city is ranked as the top city in the nation for rental parking, according to a new real estate trends report by Kijiji. 

Vancouver has the most rental condos with two or more parking spots available, at 12 per cent. It is followed by Calgary and Edmonton, making Western Canada the leader for this amenity. 

Exactly 80 per cent of condos in Vancouver offer one parking spot. The highest rate of rentals with one spot available is Calgary at 83 per cent. 

As the city places more emphasis on the construction of purpose-built rentals, there is a growing focus on the amenities offered to

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Charlottetown buildings to be converted to condos following freeze on rent increases

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Charles MacDonald says he was not surprised.

The Charlottetown man received a notice on the door of his apartment unit on Waterview Heights Lane on June 26. The note stated his building, where he has lived for six years, would be divided into condominiums.

The building’s former owners, CAPREIT Apartments Inc., sold four apartment buildings, with 60 rental units in all, to a new owner, known as 102997 P.E.I. Inc. for $9.4 million in May.

The property is located on the picturesque edge of Ellen’s Creek off North River Road.

“I know they’re dealing with zero rent increases,” MacDonald said. “Why would you buy the buildings when you know you’re not going to get a rent increase on them?”

The notice, sent to all tenants in the buildings, also hinted that a 2023 freeze on rent increases, passed in the P.E.I. legislature

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Burnaby rejects plan to allow more condos for rental housing

Burnaby councillors were frustrated with a ‘confusing’ proposal to increase the amount of condos developers can build in exchange for building rental housing.

Burnaby councillors roundly rejected a slew of staff recommendations that would have allowed developers to build even more condos in return for building required non-market rental housing.

The recommendations were part of a review of Burnaby’s rental use zoning policy, which requires developers of multifamily buildings to include 20 per cent non-market rental units.

“It seems to me that we’re just gifting (developers) more free density for them to build more condos,” said Coun. Pietro Calendino at a development committee meeting this week. “And that was not the intent of the referral to staff to come back with a review.”

Coun. Alison Gu agreed and called the recommended calculations for how much housing could be built “confusing.” She described it as a jumble of coloured Lego blocks

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TRU eyes $120M megaproject, potential additional condos for high-profile corner - Kamloops News

Thompson Rivers University is planning a $120-million megaproject for the corner of McGill Road and Summit Drive — and that price tag could climb significantly higher if condos are built on top.

University officials are optimistic Victoria might act fast to approve the project, which would house TRU’s STEM programming as well as its Bob Gaglardi School of Business and Economics (SoBE).

The potential development is one of a number of big-ticket items on TRU’s capital wish list, which also includes new student housing and an Indigenous education centre, among other projects.

The list is going before the university’s board of governors on Friday.

According to Matt Milovick, TRU’s vice-president of administration and finance, the university decided to combine STEM and SoBE — initially planned to be separate facilities

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Corktown condos starting in the $300s turn attention to Hamilton

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With its leafy parks and stately Victorian homes, Hamilton’s Corktown neighbourhood is the furthest thing from the Steel City’s industrial lakefront.

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