Industry News
BCI bids for global firm’s infrastructure assets
Luxembourg-based BBGI Global Infrastructure's holdings include the Golden Ears Bridge in B.C.'s Fraser Valley, and Women's College Hospital in Toronto.
New financing option for Indigenous investment
Caisse de dépôt et placement du Québec and the Mohawk Council of Kahnawà:ke are partnering to finance Indigenous involvement in renewable energy infrastructure projects in Quebec.
Capacity for renewable power generation grows
Canada-wide capacity for renewable power generation from wind, solar or energy storage inputs has grown by nearly 7,600 megawatts, or 46 per cent, since 2019.
Retaliatory tariffs loom for buildings sector
Canada’s first round of proposed retaliatory tariffs on U.S. imports includes a range of building materials and furnishings, and equipment and products used in operations, maintenance and housekeeping.
Tax reprieve for investment property vendors
Reversion to a 50 per cent capital gains inclusion rate will deliver higher returns than vendors might have expected on investment property sales since June 25, 2024.
Commercial HVAC on demand response radar
Commercial HVAC controls are expected to return a sizable reduction in Ontario’s peak electricity loads for a relatively small injection of incentive funding.
Nova Scotia awaits gust of wind power generation
Nova Scotia has procured 625 megawatts of wind power generation and signed up 11 large-scale electricity customers for the pending clean energy supply.
BOMA BEST Sustainable update takes effect Feb. 1
BOMA BEST Sustainable version 4.1 will introduce minor modifications to the assessment and benchmarking program for existing buildings as of Feb. 1, 2025.
MPAC assistance needed to enable parking levy
Toronto would need the Municipal Property Assessment Corporation's assistance to accurately implement a new commercial parking tax, and the agency hasn't yet committed to participate.
Tariff threats cloud investment outlook
Tariff threats bring a new source of hesitation to what had been an expected pickup in commercial real estate investment activity in 2025.
Primaris to trade three enclosed shopping centres
Primaris Real Estate Investment Trust is set to pump up its holdings with major acquisitions in Ontario and Alberta, with its first disposition of an enclosed mall to follow soon after.
Memorial University rebuked for slipshod FM
A scathing report from the Auditor General of Newfoundland and Labrador examines facilities management oversight and the backlog of deferred maintenance at Memorial University.
More deals but less industrial uptake in 2024
Nearly 35.5 million square feet of new industrial supply came onto the market across 15 Canadian regions in 2024, as the year saw negative absorption and a climbing national vacancy rate.
Manulife Place set for a $45M redevelopment
The Manulife Place office tower in downtown Edmonton is set for a $45 million redevelopment by Epic Investment Services.
Easy reference for refrigerant status launched
A new interactive map gives online searchers easy reference to the regulatory status of mildly flammable refrigerants across Canadian jurisdictions.
Office leasing makes national gains in 2024
Office leasing activity ticked up by 2.6 million square feet across 10 major Canadian markets in 2024, marking the first year of national positive net absorption since 2019.
Net-zero targets could face integrity test
Companies could now run afoul of Canada's Competition Act if they publicize plans to reduce greenhouse gas emissions without properly mapping out how they will achieve those targets.