Development

Ontario budget dismantles historic property tax disparity

Historic property tax disparity dismantled

As announced in the provincial budget, the Ontario government plans to equalize the business education tax (BET) rate at 0.88 per cent for 2021, equating to a $450-million tax cut province-wide.
Most U.S. markets fall short of Vancouver and Toronto in Q3 2020

Toronto and Vancouver outdo most U.S. markets

Canada has a numerically slight presence with disproportionate weight in Lee & Associates’ newly released third quarter commercial real estate results.
Regulatory adjustments framed as red tape reduction in Ontario

Ontario unveils more regulatory adjustments

A recycled title adorns the Ontario government's latest initiative to be framed as red tape reduction. Bill 213, the Better for People, Smarter for Business Act, 2020, is an omnibus effort to amend more than two dozen statutes.
Canadian developers navigate uncertainty

Canadian developers navigate uncertainty

The bulk of findings in the newly released Altus Group Global Property Development Trends Report are tied to opinions collected in early 2020 before COVID-19’s full hit landed in the world’s commercial real estate markets.
multifamily assets

Preference for multifamily assets signalled

Under COVID-19-induced pressure, investors, lenders and public markets are signalling a preference for multifamily assets. The asset class was the top attractor of investment dollars in Canada’s commercial real estate market during the first half of 2020.
COVID-19 brings fresh commercial office watchwords to the forefront

Commercial office watchwords attuned to COVID

Market analysts typify a second quarter uptick in downtown sublet activity as a spurt, not a glut. However, they project the trend is likely to continue.
Public transit wariness

Public transit wariness makes the core edgy

Commuters’ willingness to jump on the bus, light-rail car or subway is expected to be a driving factor in repopulating office space in some major North American markets, including Toronto, Montreal and Vancouver.
Data centres gain traffic during COVID-19 related business shutdowns

Data centres gain traffic missing from highways

At least 84 Canadian commercial buildings have been abuzz during protracted COVID-19-related business shutdowns. They house the data centres that have literally underpinned the continued functioning of the economy.
proposed code changes

Sights and sounds of proposed code changes

A package of proposed changes to Canada's National Building Code aims to improve navigability and safety in large buildings for people with mobility, vision and/or hearing constraints.
More rigorous energy performance standards for windows and doors proposed

Windows and doors in the net-zero frame

A wider selection of high-performance windows and doors is expected to hit the market as Canada's National Energy Code continues to push the envelope toward net-zero-energy-ready development.
value-add assets

Turnaround tales of value-add assets

Prominent Canadian asset managers recently recounted their experiences in repositioning underperforming properties, offering insight on turnaround logistics and the role value-add assets play in investment strategies.
development momentum

LRT development momentum on track in Toronto

The recently completed $102-million deal for Toronto Don Valley Hotel & Suites heralds the development momentum attached to the Eglinton Crosstown light rail transit line, now under construction across a 19-kilometre east-west stretch of the city.
big three retail landlords

Big three retail landlords thrive on experience

Yorkdale Shopping Centre again takes the title of Canada's most productive mall in the Retail Council of Canada's annual analysis of shopping centres with more than 250,000 square feet of gross leasable area.
accessibility momentum

Accessibility tracks sustainability trajectory

Market pressure and industry competitiveness could propel accessible commercial real estate in the coming decade, much the way those complementary forces have already bolstered energy efficiency and low-carbon footprints.
portal

Plugging into the “smart city”

How can commercial property owners and managers “plug in” to the smart city revolution?
Yonge Sheppard Centre

Long-awaited revival of Yonge Sheppard Centre

A scurry of people is criss-crossing paths in the newly renovated Yonge Sheppard Centre in North Toronto.
Massey Hall

Massey Hall burnished for new generations

Panellists expressed a sense of pride and responsibility about making an imprint on a building that is both a civic landmark and embedded in Canada's cultural psyche.