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    Multifamily & PropTech News

    We track funding rounds, acquisitions, product launches, partnerships, policy and market data across multifamily, rental housing and proptech in the US and Canada. This page is updated several times a day, newest stories first, and every story links to its original source.

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    Thursday, November 12, 2026

    Market DataCanada

    Urbanation: GTHA purpose-built rental vacancy reaches 13.3% as completions hit a record

    Vacancy across purpose-built rentals in the Greater Toronto and Hamilton Area, including buildings still in lease-up, rose to 13.3% in the third quarter from 12.1% a year earlier, according to Urbanation data reported by Better Dwelling. A record 2,704 units were completed in the quarter while occupied units grew by 1,911, though stabilized vacancy fell to 3.0% from 5.4%. Rents net of incentives were 1.5% lower than a year earlier, and 60% of projects offered incentives, down from 67% in the second quarter.

    Better Dwelling ·

    Sunday, November 8, 2026

    OtherCanada

    Court appoints receiver over Westbank-linked downtown Vancouver rental project

    A judge appointed MNP as receiver on Nov. 4 over a proposed purpose-built rental development in downtown Vancouver held by 700 Bidwell Holdings, on the application of lender BMO, Insolvency Insider Canada reported. BMO says it is owed more than $36 million plus interest and alleges interest has gone unpaid since at least September 2025, and Westbank Holdings gave an unlimited guarantee on the debt. The receiver's power to sell is deferred to Feb. 13, 2027, giving the borrowers time to refinance or sell while they keep operating the site's two existing rental buildings.

    Insolvency Insider Canada ·

    Friday, November 6, 2026

    Policy & LegalCanada

    Canada's 2026 budget exempts purpose-built rental financing from interest deduction limits

    The federal budget tabled Nov. 5 by Finance Minister François-Philippe Champagne includes an exception to the EIFEL interest-deductibility limits for purpose-built rental housing, according to an analysis by law firm McCarthy Tétrault. The exception covers interest and financing costs incurred before 2036 on money borrowed to acquire, build or convert property into purpose-built rentals in Canada. It is broader than the earlier proposal, extending to borrowing used by another entity in the same related or affiliated group or by a partnership in which the group holds at least a 40% interest.

    McCarthy Tétrault ·

    Thursday, November 5, 2026

    Market DataCanada

    Canadian asking rents fall for a 25th straight month as Toronto and Vancouver turn higher

    The average asking rent in Canada was $2,036 in October, down 3.2% year over year and the 25th consecutive month of annual declines, according to the Rentals.ca and Urbanation report covered by The Canadian Press. The decline was the smallest since February, and rents were up 0.1% from September. Purpose-built apartment rents averaged $2,040, down 2.1%, while condominium rents fell 5.5% to $2,048. Toronto and Vancouver posted their first increases in nearly three years, while rents kept falling in Calgary, Edmonton and much of Ontario.

    BNN Bloomberg (The Canadian Press) ·