Beginning in 2023, municipalities will have flexibility to pull more revenue from their non-residential tax base, potentially cancelling out a phased 15 per cent reduction in the provincial property tax rate that was introduced this year.

Investors are expressing confidence in sustained industrial rent growth, as new supply is not expected to catch up with rampant demand any time soon.

Multifamily assets posted the largest year-over-year decline in net operating income among the four major sectors in the Canada Annual Property Index, while delivering a 7 per cent total return on investment for 2021.

Colliers Canada's Q4 2021 snapshot of 12 metropolitan areas finds industrial vacancy rates below 1 per cent in five markets, and between 1 and 5.4 per cent in the seven others.

Recognizing the dangers of combustible dust accumulations will help to ensure the prevention of explosions.

Market analysts anticipate more capital flowing into the sector as vacancies tighten and rental rates rise, and they warn that available space is nearing depletion in Vancouver, Toronto and Montreal if leasing continues at the recent pace.

Cold storage facilities are flagged to deliver robust returns to investors due to the evolution of food retailing, demand for vaccines and other pharmaceuticals, and the thriving outlook for the warehouse/distribution and logistics sector in general.

Economic fallout from COVID-19 is shifting more of the tax burden to this flourishing group of assets via the mill rate, while also driving up the tax rate, for a double-whammy of consequences in jurisdictions that update valuations annually.

Leveraging appropriate service technology and integrated service tools can ensure buildings are safe and properly maintained. 

Reflecting on a year in which the pandemic unsettled market fundamentals to the east and to the west, Calgary-based analysts focus more on tangential circumstances than the COVID-19 outbreak itself.

A ten-year run of capital growth abruptly reversed, resulting in a 7.8 per cent loss of value across the 2,356 assets that the 44 portfolios represented in the Canada Annual Property Index hold.

Newly released 2020 investment results find industrial and multifamily assets on the positive side of the national average total return for 2,356 directly held standing assets, which registered -4.1 per cent.

Industrial availability tightened from the third quarter in eight of the 11 surveyed markets, ending the year at well below 2 per cent in Vancouver and Montreal and below 1 per cent in Toronto.

Canada has a numerically slight presence with disproportionate weight in Lee & Associates’ newly released third quarter commercial real estate results.

There is plenty of uncertainty and little consensus on the economic outlook for Canada and the United States. It is becoming clear that it will not be a V-shaped recovery, and it is more likely to be uneven and prolonged.

Thus far, in most markets, there’s been no spurt of office sublets or rent discounts that conventionally signify an economic downturn, but there has been a flurry of conjecture about the forces COVID-19 may have unleashed.

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.