Management

IFMA

Generative AI poised to realign CRE status quo

Emerging generative AI applications could realign the status quo within commercial real estate’s property administration, brokerage and investment management services.
Commercial ratepayers carry heftier tax share

Commercial ratepayers carry heftier tax share

Commercial ratepayers took on a larger share of the property tax burden in eight of 11 large Canadian cities this year, with 2023 commercial tax rates more than tripling residential tax rates in six of those cities.
Social destabilization unsettles city fabric

Social destabilization unsettles city fabric

Data, collaborative networks and a suite of tested best practices can be valuable resources for property managers pressed to respond to the unsettling social destabilization occurring in many Canadian cities.
Distressed asset sales remain a steady fraction

Distressed asset sales remain a steady fraction

Distressed asset sales were a nominal and relatively consistent fraction of the Canadian commercial investment property market in the first half of 2023.
Promises aplenty ahead of Manitoba election

Promises aplenty ahead of Manitoba election

Manitobans are hearing promises aplenty as political parties offer up tax cuts, rate freezes and incentive programs ahead of the provincial election, set for October 3.
Net zero spoilers embedded in behaviour traits

Net zero spoilers embedded in behaviour traits

Professor Robert Gifford, a behavioural psychologist affiliated with University of Victoria’s School of Environmental Studies, tallies dozens of traits that could be undermining climate progress.
BOMA Canada launches net-zero learning pursuit

BOMA Canada launches net-zero learning pursuit

The first step in BOMA Canada's efforts to achieve net-zero operations, develop replicable guidance from the experience and promote best practices for carbon offsets begins with BOMEX 2023.
Receptive climate for risk management brewing

Receptive climate for risk management brewing

New guidance for CRE investors and owners/managers highlights climate-related risks, recommended safeguard measures and key questions for gauging the preparedness of assets.
Ontario keeps clinging to 2016 market values

Ontario keeps clinging to 2016 market values

The recent regulation to postpone Ontario's property reassessment for another year stretches the assessment cycle to double its originally intended time span.
Toronto strives to find more cash

Toronto strives to find more cash

Commercial properties are central to Toronto’s efforts to find more cash as the city government considers how to address massive budget shortfalls projected for 2024 and into the future.
Solar rooftop photovoltaics spark safety advice

Rooftop solar photovoltaics spark safety advice

Rooftop solar PV installations pack a potentially lethal electrical charge, necessitating vigilant monitoring and maintenance of the many system components.
Tech finds highly competitive options in Canada

Tech finds highly competitive options in Canada

Eight Canadian cities rank among the top 50 North American markets for fostering tech employment, with Toronto, Vancouver, Montreal, Ottawa, Waterloo Region and Calgary all placed in the top half of the list.
Global energy appetite eats up efficiency gains

Global energy appetite eats up efficiency gains

The global buildings sector made some headway in curbing its energy appetite and output of greenhouse gas emissions last year, but is still off-pace to achieve the International Energy Agency's targets.
Climate change adaptation efforts unfolding

Climate change adaptation efforts unfolding

Canada’s newly finalized climate change adaptation strategy sets out objectives and attaches mid- to near-term targets to bolster resilience in five key action areas.
Human capital elusive for real estate employers

Human capital elusive for real estate employers

Employers are pressed to fill new kinds of positions and to bolster tech savviness throughout their organizations, while facing labour shortages and a highly competitive market for certain skills.
Office conversion prospects judged challenging

Office conversion prospects judged challenging

Viable conversion candidates must begin with a basic structural prerequisite, but construction costs, location, surrounding amenities and assumptions about future office values all influence the business case.
ESG metrics inform range of CRE stakeholders

Range of CRE stakeholders demand ESG metrics

Canada’s leading commercial real estate players are increasingly turning to ESG metrics to track responsiveness to a range of emerging risks and business imperatives.