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Canadian Apartment Properties Real Estate Investment Trust T.CAR.UN

Alternate Symbol(s):  CDPYF

Canadian Apartment Properties Real Estate Investment Trust is a Canada-based provider of rental housing. The Company owns and manages interests in multiunit residential rental properties, including apartments, townhomes and manufactured home communities (MHC), principally located in and near urban centers across Canada. The Company owns approximately 64,200 residential apartment suites, town homes and manufactured home community sites located across Canada and the Netherlands, with approximately $16.7 billion of investment properties in Canada and Europe. The Company’s objectives are to maintain a focus on maximizing occupancy and responsibly growing occupied average monthly rent (Occupied AMR) in accordance with local conditions in each of its markets; grow FFO per unit, sustainable distributions and NAV per unit by actively managing its properties; invest capital within the property portfolio and adopt edge technologies and solutions; and maintain financial management.


TSX:CAR.UN - Post by User

Post by AlwaysLong683on Jul 19, 2022 3:28pm
164 Views
Post# 34835297

Tight Rental Market in Toronto

Tight Rental Market in Toronto
From BNN Bloomberg's Daily Chase Newsletter::

RECORD-TIGHT RENTAL MARKET
 
Amazing to see the divergence in housing. Just yesterday, real estate broker John Pasalis was telling Jacqueline about the preponderance of delistings by would-be sellers in the country’s largest housing market. Meanwhile, the rental market is on fire. New data today from Urbanation show the inventory of rental units in Toronto sank to a record-low in the second quarter, at just 0.3 months of supply. Meanwhile, condo rents rose 5.9 per cent sequentially to an all-time high of $3.57 per square foot.

 
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