We are Canadian rental housing providers for affordable housing.
We are made up of the five largest publicly traded residential REITs focused on the Canadian market: Canadian Apartment Properties REIT (CAPREIT), Boardwalk REIT, Killam Apartment REIT, InterRent REIT and Minto Apartment REIT.
We believe that every Canadian deserves a home they can afford. We have a long history of providing professionally managed, high-quality, affordable housing of all kinds to meet the needs of all Canadians.
Over half of our homes have rents set at less than 30% of renters’ median household income – the standard set by the Canada Mortgage and Housing Corporation (CMHC) for affordability.
We are Canadian leaders for investing in the energy efficiency and decarbonization of our properties.
We invest in our properties. Our team of professional managers make sure that our roofs, windows, heating, cooling, plumbing systems, balconies, and parking garages are maintained to a high standard.
Supporting affordability
In addition to our affordable rents, our members offer a range of programs to help residents stay in their homes and to assist government and community efforts to maintain affordability. These include:
Supporting residents experiencing unexpected financial hardship.
Working with social housing agencies to provide apartments that support rent-geared-to-income programs.
Working with mental health housing agencies to provide apartments to residents in need of housing and other supportive services.
Helping reduce barriers to housing for newcomers to Canada by working with immigration organizations.
Progress to date
We have answered the all-hands-on-deck call from the government to address the Canadian housing affordability crisis.
We have advocated for housing policies that enhance affordability for Canadians by incentivizing home building and putting more money in the hands of renters and housing non-profits. Many of our ideas have been implemented, including:
Removal of the GST/HST on new purpose-built rentals and the reintroduction of the 10 per cent accelerated capital cost allowance
Easing of some anti-growth zoning laws
Enriching the Canada Housing Benefit to help modest and low-income families pay for their homes
Creation of the Federal Rental Protection Fund to allow cooperatives and non-profits to buy existing rental properties and keep them affordable
Get updates on affordable housing initiatives and more.
