Industry News

Institutional investors compare 10-year Canada bond rate to real estate returns

Bond rate signals to institutional investors

A 100 basis point slide in the 10-year Canada bond rate over the course of the COVID-19 pandemic contributes to real estate’s continuing allure for institutional investors.
CERS applications to be accepted as of November 23

CERS applications to be accepted as of Nov. 23

Legislation to enable the Canada Emergency Rent Subsidy (CERS) received parliamentary approval late last week and an online application portal was expected to be operational for Nov. 23.
Proposed Net-Zero Emissions Accountability Act tabled

TCFD appears embedded in accountability Act

Newly tabled federal legislation would commit the Canadian government to set five-year targets and report progress in reaching the stated goal of net-zero emissions by 2050.
commercial evictions

Ontario wires commercial evictions on/off switch

A proposed amendment to the Commercial Tenancies Act, included in Ontario's budget bill, would allow the Minister to impose future COVID-19-related prohibitions on commercial evictions via regulation.
Elaina's Sustainability Fund

Grant applications open for Elaina’s Sustainability Fund

Elaina's Sustainability Fund, by the Institute of Real Estate Management Foundation, is now accepting applications for funding to support green real estate management initiatives.
Ontario budget promises to shift some locked-in hydro costs to general provincial expenditures

Ontario to shift some locked-in hydro costs

The roughly $433-million annual allocation for the relief measure will cover a small portion of the total global adjustment, which surpassed $1 billion in every month from January to September this year.
Surplus provincial land fast-tracked for long-term care home projects

Long-term care home projects put on fast track

The Ontario government has released a bid package offering three land parcels tied to requirements for successful proponents to develop and operate a total of 896 new long-term care beds.
energy efficiency

Report suggests new building codes aren’t tough enough on energy efficiency

An Efficiency Canada report suggests a lack of mandatory air leak testing in buildings hinders attempts at net-zero energy efficiency.
real estate confidence barometer

Real estate confidence barometer resets from Q2

Newly released third quarter results from the REALPAC/FPL Canadian Real Estate Sentiment Survey reveal senior executives looking forward more hopefully and reflecting on last year's better times.
small businesses eligible for up to $5,000 to cover COVID-19-related expenditures

New grants for COVID-19-related expenditures

Small business operators could receive up to $5,000 to be used for physical modifications to comply with public health requirements, PPE or upgrading digital/e-commerce capabilities.
McGill

New grad program at McGill to shape ‘retail leaders of the future’

The COVID-19 pandemic and the rise of e-commerce is driving rapid technological innovations in the retail sector. A new program at McGill aims to equip students with tools to handle this rapidly evolving industry.
Ontario promises property tax and utility cost relief in step with public health controls

Ontario to defray costs of public health controls

Further details are promised soon on a $300-million fund to help defray property tax and utility costs for businesses forced to curtail or shut down operations due to COVID-19 concerns.
direct subsidies to help tenants and business owners cover fixed property expenses

New subsidy tagged for fixed property expenses

Qualifying commercial tenants and businesses operating in owned premises will be eligible for direct subsidies of up to 65 per cent of their fixed property expenses through the new Canada Emergency Rent Subsidy.
Industrial space availability rates below 3 per cent in Toronto, Montreal and Vancouver

Slim prospects for industrial space seekers

Toronto records North America's lowest industrial availability rate, while Montreal and Vancouver also boast rates below 3 per cent coming out of the third quarter of 2020.
Office vacancies increase in all major Canadian markets during the third quarter of 2020

Office vacancies on par with recessionary events

Canada-wide, CBRE pegs the total office vacancy rate at 12 per cent across the nine major markets it surveys, ranging from a low of 5.4 per cent in Vancouver to nearly 26 per cent in Calgary.
Edge computing centres are vulnerable to encroaching outdoor conditions

Edge computing centres put a cloud in a cabinet

Seen as the next big thing in data services, small hubs located near end-users are also more vulnerable to the encroaching outdoor environment than are vast temperature-controlled data centres.
Galleria on the Park

Flatiron condo unveiled for Galleria on the Park

The 31-storey flatiron mixed-use condo will rise at Dupont and Dufferin streets at the foot of Galleria on the Park.