Developments will relieve pressure on overheated rental market in Waterloo: Prica - constructconnect.com - Daily Commercial News

  • 📰 DCN_Canada
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 74%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Waterloo, Ont.-based developer and property manager Prica Global Enterprises is gearing up for the completion of two rental developments in Waterloo that will relieve significant pressure on the overheated rental market in that city.

The Canada Mortgage and Housing Corporation reported the Waterloo rental market to be at record low vacancy rates in early 2023.

The 20-month construction timeframe stems from a unique three-phased construction. The lower levels of the building were completed and furnished first, then moving upwards towards completing higher storeys of the development until roof capping and completion, indicates a release.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines