NexLiving Communities (NXLV-X) financials results are beginning to show the impacts of last year’s transformational Devcore deal by which the firm essentially doubled its apartment portfolio, with its Q1 2025 filings this week reporting record revenues.
Slow pre-construction condominium sales have plagued Canada’s multiresidential market, but rental housing has become an increasingly popular alternative leading to increased transaction volume in apartment buildings. That is being borne out in Canada's three largest cities, Toronto, Montreal and Vancouver.
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