Industry News

Environmental Stewardship Award

ISSA Canada names Environmental Stewardship Award winners

The 2020 winners are Yorkdale Shopping Centre, Manulife Investment Management, and Rogers Place.
esports

Plans for $500M esports and entertainment complex in Toronto

OverActive Media and design firm Populous are building the first new sports or entertainment venue in Toronto since BMO Field in 2007. Plans also include a hotel complex.
Transit-oriented development

Study finds human cost of transit-oriented development

Transit-oriented development can be a blessing and a curse for communities, suggests a new UBC study.
Q4 cap rate trends

Q4 cap rate trends vary by sector

Cap rates trended upwards for downtown office, hotels and most retail categories during the fourth quarter of 2020, while compressing further for industrial and low-rise multifamily properties.
Canary House

Canary House condo planned for 1850s heritage site

A mix of residential and commercial space will take shape in a 19th-century heritage building designed by former Toronto mayor Joseph Sheard.
Allied offers $600 million in debentures, in line with its green financing framework

Green financing framework steers Allied issuance

Proceeds from this and future green offerings will be applied to financing or refinancing four categories of assets to be known as eligible green projects.
Manulife

Manulife earns GBAC STAR real estate accreditation

Manulife Investment Management is the first Canadian real estate landlord to achieve GBAC STAR accreditation, for 7 of its Montreal properties.
Canadian hoteliers get needed COVID-19 relief

Canadian hoteliers get needed COVID-19 relief

Relief helps to offset a year when RevPAR plummeted by 60 per cent relative to 2019 and the 12-monrh average hotel occupancy rate barely nudged above 33 per cent.
Brookfield Infrastructure sells Enwave district energy holdings in two separate transactions

Brookfield sells Enwave district energy

Brookfield Infrastructure is selling 100 per cent of Enwave, its North American district energy enterprise that includes the deep lake water cooling network in Toronto.
HASCAP low-interest loan rollout now underway

HASCAP low-interest loan rollout now underway

Loans of $25,000 to $1 million will be available through the Highly Affected Sectors Credit Availability Program (HASCAP), fully guaranteed by the Business Development Bank of Canada.
greater victoria

BOMA BC launches Greater Victoria 2030 District

The Building Owners and Managers Association BC (BOMA BC) has officially launched the Greater Victoria 2030 District, the second in Canada.
Oxford bolsters European logistics holdings

Oxford to bolster European logistics holdings

The deal will bring M7 Real Estate’s portfolio of €4 billion (CAD $6.16 billion) in assets under management across 14 countries to Oxford Properties' platform.
Greater Halifax office inventory sees positive absorption downtown

Halifax records positive absorption downtown

As of December 2020, Turner, Drake and Partners Ltd. pegs the vacancy rate at 14 per cent across 12.2 million square feet of office space in eight submarkets.
Investment confidence wavers in Canadian commercial real estate in Q4 2020

Investment confidence awaits vaccine boost

A surging second wave of COVID-19 tempered investment confidence in commercial real estate during the fourth quarter of 2020.
Commercial landlords pledge free space to accommodate COVID-19 vaccination clinics

Landlords would welcome vaccination clinics

Prominent commercial landlords are offering free space to accommodate COVID-19 vaccination clinics and related support services in malls, conference centres, office buildings and other well-located sites throughout Canada.
security guard licensing exams now available online in Ontario

Licensing exams go online for security guards

The new option aligns with the Ontario government’s objective to provide digital alternatives for paper-based administrative processes.
Developers acquire Mississauga YMCA site

Mississauga YMCA site tagged for redevelopment

New owners of the 4.5-acre Mississauga YMCA site are promising future redevelopment that will make a statement in the city’s skyline.