Latest news with #Yardi
Cision Canada
4 hours ago
- Business
- Cision Canada
Vacancy reaches five-year high in Canada's rental market
Slower immigration and economic uncertainty weigh on demand as rent growth moderates TORONTO, July 23, 2025 /CNW/ -- Yardi® Canada has released its latest Canadian National Multifamily Report for Q3 2025, analyzing market activity during Q2 2025. Drawing on anonymized data from over 511,000 units across 5,800 properties, the report highlights a key shift in the market: rising vacancy rates and slowing rent growth. The national vacancy rate climbed to 4.1%, the highest level recorded since 2020. Major Census Metropolitan Areas (CMAs) including Calgary (7.4%), Toronto (4.2%) and Edmonton (4.6%) saw the steepest increases. Slower population growth, a pullback in immigration and rising supply are all contributing factors. Although rental demand has weakened, in-place rents — which reflect all current leases including renewals — continued to rise modestly, increasing by just $14 nationally to $1,720 in Q2 2025. Year-over-year rent growth slowed to 4.8%, down from 6.3% the previous quarter. New this quarter Yardi has introduced a new metric — Average Resident Length of Stay — which measures the average number of months tenants remain in a unit before vacating. Tenants stay longest in supply-constrained CMAs such as Toronto (47 months) and Hamilton (45 months). Lease-over-lease rent growth, which measures rent changes for newly signed leases, declined to 2.8%, its lowest point since Yardi began tracking the metric in 2020. "Vacancy is rising, and the market is entering a new chapter," said Peter Altobelli, vice president and general manager of Yardi Canada. "With shifting demographics, economic uncertainty and growing supply, housing providers must rethink how they forecast, invest and operate. The path forward demands sharper insight, faster adaptation and a renewed focus on long-term resilience." The national turnover rate remained low at 23.4%, despite modest increases in some regions. In response to rising vacancy, some landlords are offering rent concessions such as free rent periods and move-in incentives. To view the full Q3 2025 report and explore regional insights, visit:
Yahoo
10-07-2025
- Business
- Yahoo
Yardi Announces First-Ever REfresh Live Event for Breeze Clients
REfresh Live is an in-person user conference for Breeze and Breeze Premier clients in North America SANTA BARBARA, Calif., July 10, 2025 /PRNewswire/ -- Yardi® is thrilled to announce REfresh Live, the inaugural in-person user conference exclusively for Yardi Breeze® and Yardi Breeze Premier® clients in the U.S. and Canada. Set to take place September 2-4, 2025, at the Hard Rock Hotel in San Diego, CA, this landmark event marks a new chapter in client engagement, education and community building. To celebrate reaching one million units on Breeze and Breeze Premier, Yardi is waiving registration costs for REfresh Live this year. "We have a lot to celebrate this year, and we couldn't be more excited to celebrate in person with our clients at REfresh Live," shared Akshai Rao, president at Yardi. "Last year Journey performed at The Rady Shell for Yardi clients, and we have another world-class band lined up this year, so it's not to be missed." Following the record-breaking success of REfresh Virtual, which drew over 4,400 attendees, REfresh Live brings the energy and innovation of the virtual experience into a dynamic, face-to-face setting. Attendees can expect: Two full days of classes on property management, accounting, marketing and more Live Q&A sessions with Yardi product specialists Networking opportunities with peers and industry leaders Exclusive Yardi party and concert at The Rady Shell at Jacobs Park Keynotes from Yardi leadership, offering company, product and industry insights "The Breeze platform is all about helping small to mid-sized real estate companies manage smarter and more efficiently and REfresh Live is the perfect opportunity to show how far the platform — and our clients — have come," said Chris Ulep, vice president at Yardi. "We're excited to share new features, answer questions face-to-face and provide actionable takeaways that attendees can put to work immediately." Registration closes on August 20. For more information and to register, visit: About Yardi Yardi® develops industry-leading software for all types and sizes of real estate companies around the world. With more than 10,000 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit Photo - - View original content to download multimedia: SOURCE Yardi Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Cision Canada
10-07-2025
- Business
- Cision Canada
Yardi Announces First-Ever REfresh Live Event for Breeze Clients
REfresh Live is an in-person user conference for Breeze and Breeze Premier clients in North America SANTA BARBARA, Calif., July 10, 2025 /CNW/ -- Yardi ® is thrilled to announce REfresh Live, the inaugural in-person user conference exclusively for Yardi Breeze® and Yardi Breeze Premier® clients in the U.S. and Canada. Set to take place September 2-4, 2025, at the Hard Rock Hotel in San Diego, CA, this landmark event marks a new chapter in client engagement, education and community building. To celebrate reaching one million units on Breeze and Breeze Premier, Yardi is waiving registration costs for REfresh Live this year. "We have a lot to celebrate this year, and we couldn't be more excited to celebrate in person with our clients at REfresh Live," shared Akshai Rao, president at Yardi. "Last year Journey performed at The Rady Shell for Yardi clients, and we have another world-class band lined up this year, so it's not to be missed." Following the record-breaking success of REfresh Virtual, which drew over 4,400 attendees, REfresh Live brings the energy and innovation of the virtual experience into a dynamic, face-to-face setting. Attendees can expect: Two full days of classes on property management, accounting, marketing and more Live Q&A sessions with Yardi product specialists Networking opportunities with peers and industry leaders Exclusive Yardi party and concert at The Rady Shell at Jacobs Park Keynotes from Yardi leadership, offering company, product and industry insights "The Breeze platform is all about helping small to mid-sized real estate companies manage smarter and more efficiently and REfresh Live is the perfect opportunity to show how far the platform — and our clients — have come," said Chris Ulep, vice president at Yardi. "We're excited to share new features, answer questions face-to-face and provide actionable takeaways that attendees can put to work immediately." Yardi® develops industry-leading software for all types and sizes of real estate companies around the world. With more than 10,000 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit
Yahoo
09-07-2025
- Business
- Yahoo
The colleges with the strongest preleasing for student housing
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Preleasing for the 2025-2026 school year is trending above last year, rising 1.5% from May 2024 up to 79.9% in May 2025, according to Yardi Matrix's latest Student Housing Report. While national figures may be revised later as more data becomes available, the May 2025 preleasing rate is even with the May 2024 rate as initially reported. Out of the 200 universities in Yardi's data set, student properties at 30 of them were over 90% preleased as of May, and 17 were over 95% preleased. Seventeen schools were less than 60% preleased, most of them are located in smaller student housing markets. The University of Cincinnati in Cincinnati had the strongest year-over-year growth in preleasing, up 22.5% from last year. The average advertised rate per bed for the schools in Yardi's data set was $918 in May — unchanged from the previous month, and just below the $919 record high set in March, according to the report. Annual rent growth has declined in recent months, down to 2.1% in May, the lowest rate recorded since July 2021. University Off-campus student housing beds Beds preleased (as of May) Rent per bed (as of May) 14,583 98.6% $772 12,900 96.8% $965 9,398 96.3% $1,006 7,132 94.0% $893 9,076 93.7% $1,347 16,522 90.1% $991 13,044 89.2% $946 23,999 88.0% $1,272 10,343 87.8% $1,059 17,150 87.8% $1,049 SOURCE: Yardi Matrix Average rent growth for fall 2025 stands at 3.4%, down from 5.8% for the fall 2024 leasing season and 7.0% for fall 2023. Sixty-two universities reported higher rent growth than last year, while 133 reported a slowdown over the same period. Fifty-nine markets reported negative rent growth over the past year, according to the report. While average enrollment growth rose to 1.8% at U.S. colleges and universities in fall 2024, several headwinds may threaten future student housing growth, according to Yardi. High school graduate numbers are expected to have peaked this year, policy changes have affected higher education funding and increased visa scrutiny may affect international student enrollment at U.S. universities. 'A decline in international students could hinder enrollment growth and reduce demand for off-campus housing, where these students often represent a significant share,' the report reads. 'While many affected schools are smaller private institutions, large public universities … enroll thousands of international students and may also feel the impact.' Thirty-six dedicated student housing properties have sold so far this year, keeping on pace with 2024's investment rate, according to the report. The average sales price per bed was $88,467, down from $105,252 last year at this time. The report's authors noted that there have been no major portfolio trades, which often push pricing higher. Recommended Reading Market volatility requires proactive financial strategies Sign in to access your portfolio
Korea Herald
08-07-2025
- Business
- Korea Herald
IGB Property Management Selects Yardi to Drive Digital Transformation
Malaysian property manager to implement end-to-end, cloud real estate platform to streamline operations and enhance tenant services KUALA LUMPUR, Malaysia, July 8, 2025 /PRNewswire/ -- IGB Property Management (IGBPM), one of Malaysia's leading real estate management companies, has selected Yardi® as its technology partner to modernise operations across its commercial portfolio. By adopting Yardi's end-to-end cloud-based platform, IGBPM will replace outdated legacy systems with an integrated solution that brings leasing, accounting, forecasting and facilities management into a single connected ecosystem. The new platform will eliminate double data entry, improve real-time reporting, and enhance visibility across the business—enabling IGBPM to deliver faster, more accurate services. "Yardi's innovative and scalable technology allows us to improve our workflows, respond to tenants more effectively, and make better, data-driven decisions," said Irene Sin, Chief Executive Officer at IGBPM. "This transformation will not only elevate how we operate internally but enhance the service experience for our tenants and stakeholders, fostering stronger relationships and long-term growth." "As one of Malaysia's most respected real estate management firms, IGBPM's decision to digitise with Yardi underscores their commitment to operational excellence," said Bernie Devine, Senior Director for Yardi. "We are proud to support their digital transformation journey." See how Yardi can help streamline your property management with a cloud-based platform. About IGB Property Management IGB Property Management, with its extensive property management experience in Malaysia, prioritizes tenant satisfaction. They focus on tenant needs and emphasize asset enhancement initiatives to ensure a high-quality environment for all occupants. IGBPM offers functional solutions that meet evolving tenant requirements while delivering high-quality management services, adding significant value for tenants, stakeholders, and investors. For more information, visit About Yardi Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energised for Tomorrow, visit
