Federation Of Canadian Municipalities

Rental Units Dept: Last month, the Federation of Canadian Municipalities said that while one third of Canadians are renters, less than 10 per cent of new developments built in the last 15 years were rental units, according to The Star. Critics have said the government has ignored those who can t afford to buy, Vancouver-based Concert Properties www.concertproperties.com and other developers such as Medallion Properties www.medallioncorp.com , Park Properties www.parkproperty.ca and Minto www.rentminto.com aren t ignoring what they see as a burgeoning rental market in Toronto and around the country and toronto s condo construction boom might lead many to believe there is little happening in the way of new rental building in the GTA, but there are several new construction projects underway in the downtown core that suggest some developers see a solid future in creating new rental accommodation. Industry observers say several factors, including an uncertain regulatory environment in Ontario, lack of tax incentives and rising land prices mean fewer developers are building rental accommodation. There are some, whoever, see reasons to forge ahead with plans to create a solid portfolio of rental stock. (www.immigrantscanada.com). As reported in the news.