News

The Gap Between Renters and Home Ownership Affordability

Apartment Buildings

It shouldn’t be a surprise to anyone that homeowner affordability continues to decline. The National Association of Realtors has acknowledged this. So has the Joint Center for Housing Studies of Harvard University. Now, CBRE has thrown its own figures into the mix. In a report, “Fewer Renter Households Can Afford Homeownership,” the authors said that...

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People & Companies News for Week Ending September 26, 2025

Canada + Apartment Buildings

Wendy Waters has left her position as GWL Realty’s head of research. Waters said in a LinkedIn post that she is exploring new positions. She was with GWLRA for 19 years. Sagard Real Estate has promoted Mark Bigarel to president. Bigarel previously served as chief operating officer and head of investments for the company, a...

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Construction Starts on MF Project in Downtown Kirkland

Seattle & Northwest + Apartment Buildings

Cordillera Homes has started construction on Central Peak Residences, a boutique collection of 26 condominiums at the former US Bank site in downtown Kirkland. Located steps from Lake Washington, Central Peak Residences will offer a curated collection of single-level homes featuring spacious layouts ranging from 1,150 to 2,415 square feet. The four-story building will also...

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Baltimore Launches 15-Year, $6B Housing Redevelopment Program

Washington DC + Apartment Buildings

Baltimore is launching a new 15-year, $6.2 billion housing redevelopment program aimed at revitalizing tens of thousands of vacant or “at-risk” properties across the city. The program represents the largest community investment in Baltimore’s history.  The initiative is supported by $1.2 billion in public investment commitments and will leverage an additional $5 billion in private-sector...

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Seniors Housing Market Enters Growth Stage

Canada + Apartment Buildings

Canada’s seniors housing sector has moved beyond its post-pandemic recovery phase and entered a period of sustained growth, according to Cushman & Wakefield’s latest Seniors Housing Operator Performance report. Across 17 surveyed markets, occupancy rose by 3.5 percentage points over the past year, reaching 91.5% in Q2 2025, nearly matching pre-pandemic levels of 92%. Positive...

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Vesta’s Aspen Village Project in Calgary Becomes More of a Reality

Canada + Apartment Buildings

The large-scale Aspen Village mixed-use development in the Springbank Hill area of southwest Calgary is moving closer to becoming a reality. Developer Vesta Properties has begun preselling condominium units within the project’s first phase. Vesta has set up a sales centre on site. A.J. van der Linden, Vesta’s Alberta sales director, told Connect that the...

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Adams Adds City-Owned Sites in Brooklyn, Manhattan to Redevelopment Initiative

New York & Tri-State + Apartment Buildings

Continuing an initiative to make surplus city-owned land available for residential development, New York City Mayor Eric Adams on Thursday announced two new sites. The city will begin public engagement and issue requests for proposals to create more than 900 new apartments at 390 Kent Ave. in Brooklyn’s Williamsburg neighborhood and approximately 800 new units...

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Shuttered iPro’s Co-Founder Denies Taking Company Funds for Personal Use

Canada + Apartment Buildings

An iPro Realty co-founder says he did not withdraw funds from client and broker trust accounts for personal use. Rui Alves told The Toronto Star that his family did not benefit from the withdrawal of $10.5 million from the brokerage’s trust accounts. Alves made his first public comments after the Real Estate Council of Ontario...

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