Industry News

GTA development land sales strong from April to August

No lockdown on GTA development land sales

Demand for housing and warehouse/distribution facilities drove transactions, keeping April-to-August sales volume largely on par with the same period in 2019.
Throne Speech pledges to build back better from COVID-19

Throne Speech pledges to build back better

Infrastructure investment and climate risk mitigation are key to the Canadian government’s goal to create one million jobs and rebound from the economic slump of COVID-19.
Fitwel

Fitwel Viral Response module launches

Fitwel's Viral Response module requires that companies follow a set of baseline strategies—actions that are necessary to mitigate the spread of infectious respiratory diseases such as COVID-19.
Ontario extends eviction prohibition for commercial tenants in rent arrears due to COVID-19

Ontario adds two-month reprieve for rent arrears

Provincial intervention in the commercial sector is limited to tenants who meet the prerequisites for Canada Emergency Commercial Rent Assistance, but whose landlords have not applied for the relief.
Oxford moves into the cold storage sector

Oxford warms to cold storage sector

The CAD $475 million investment aligns the Canadian pension fund with the largest global player in cold storage logistics as momentum builds for digital commerce in grocery retailing.
fossil fuel

Biogen pledges to go fossil fuel-free by 2040

Biogen is embarking on a 20-year journey to eliminate fossil fuel emissions across its global operations and promote health equity.
centre for real estate studies opens at Concordia University

Concordia U bolsters real estate studies

Students pursuing a degree through the John Molson School of Business can earn a minor in real estate, aligned with the new academic centre to support teaching and research.
fulfilment centre

Amazon Canada opening fulfilment centre in Hamilton

Amazon Canada has announced plans to create a fulfilment centre and delivery station in Hamilton, located near the airport in Mount Hope.
Brightwater

Brightwater community launches in Port Credit, Ont.

A 72-acre site that sat vacant for nearly 30 years in Port Credit, Ont. is closer to its new life as the Brightwater master-planned community.
Accessibility Standards Canada to conduct public consultation until Sept 25

Accessibility Standards Canada seeks public input

The agency is mandated under the Accessible Canada Act to develop accessibility standards for all federally regulated organizations and to more widely promote accessibility and inclusiveness through research and public engagement.
flooding

High-rise builders flagged in new flooding insight

Little has been invested in underground infrastructure to increase capacity when it comes to Toronto's aging sewage and stormwater pipes.
NRCan offers funds to implement ISO 50001 energy management standard in commercial and institutional buildings

NRCan to fund commercial uptake of ISO 50001

Natural Resources Canada is offering subsidies to implement the ISO 50001 energy management systems standard in commercial and institutional buildings.
2020 GRESB response demonstrates ESG momentum

GRESB response demonstrates ESG momentum

Participation in the global benchmarking exercise increased 18 per cent from 2019 and represents more than USD $5.3 trillion worth of assets under management.
Indoor air quality assurance and vigilance key to building reopenings

Indoor air quality assurance bolsters reopenings

BOMA Toronto's new HVAC Advisory Council will monitor and respond to emerging knowledge about how SARS-CoV-2 — the virus that causes COVID-19 — spreads.
COVID-19's regional economic impacts vary with the strengths and vulnerabilities of key sectors

Regional economic impacts of COVID-19 parsed

The strengths and vulnerabilities of key sectors either muted or accentuated COVID-19’s regional economic impacts, and the pace of recovery is also projected to vary across Canada.
Flood preparedness

Flood preparedness in Canada graded C

Canada’s provinces and territories received a grade of C on flood preparedness, following a two-year national study completed in 2019.
slumping confidence registered in office sector dynamics

Slumping confidence in office sector dynamics

Confidence in industrial markets has also slipped since 2020 began, but still hovers on the up side of neutral on both sides of the Canada-U.S. border.