Who we are
the housing Canada needs, and the homes Canadians want
We are Canadian rental housing providers for affordable housing. We are made up of Canada’s five largest publicly traded residential REITs: Canadian Apartment Properties REIT (CAPREIT), Boardwalk REIT, Killam Apartment REIT, InterRent REIT and Minto Apartment REIT.
We deeply understand that housing is about people. We know that safe, affordable, quality homes are the safe harbour of Canadian family life in all of its diversity. They are the vital threads that connect and enlivens the fabric of livable cities, towns and villages.
We understand that behind every housing statistic is a family starting out together in life, a graduate moving to the city to start a career, a single parent working hard to make ends meet, or a family newly arrived in Canada to make a better life.
Supporting families and communities is at the heart of everything we do. This is why:
Over half of our 120,000+ rental units meet the federal government’s own criteria for affordable housing.
Over the last ten years, rents across our portfolios have grown an average of 2 per cent per year.
We re-invest in our buildings and communities through energy retrofits, as well as repairs and safety upgrades — more than $5,000 per unit last year alone.
We support the City of Toronto’s Renoviction Policy and don’t do renovictions.
We take our residents’ needs and safety seriously. Our ongoing large scale surveys get their feedback on our services and inform how we invest in our buildings and communities.
We invest in our communities’ health and wellbeing. From building and managing non-profit housing, growing community gardens and tree planting, and supporting organizations with donations of money and time.
We recognize the role we play in reducing carbon emissions and we are investing hundreds of millions of dollars in energy efficiency, retrofits, and utility upgrades.
120,000+
Rental homes across Canada
52.7%
Affordable homes
2%
Annual rent increase
Canada’s housing shortfall requires an all-hands-on-deck approach
Canada finds itself in the worst crisis of housing affordability and supply in a generation. We simply haven’t been building enough homes. That is making housing less affordable for more and more Canadians. Demand for housing is growing through population growth, immigration, delayed family formation, seniors living independently longer, and overall smaller household sizes.
Rising to this historic challenge will require an all-hands-on-deck approach with governments, civil society and the private sector working together collaboratively, each doing their part.
As some of the largest owners and managers of affordable market rentals in Canada, we have insight and ideas that will help make a difference. We want to partner with government and civil society to make policy changes, and invest the capital necessary to deliver the housing that Canada needs and the homes Canadians want.