Industry News

toronto central ymca

Toronto Central YMCA receives prestigious award

The Toronto Central YMCA has received the Prix du XXe siècle, an award that recognizes outstanding contribution to Canadian architecture.
housing starts

Rents for industrial space continue to rise as demand outpaces supply

Insatiable demand for industrial space in Canada continues to outpace supply and drive rents higher, according to a new report from Avison Young.
Green certified office space

Green certified office space no rarity in Canada

On a square footage basis, more than 50 per cent of the commercial inventory in Vancouver and Toronto now boasts LEED or BOMA BEST status.
Diamond Schmitt

Diamond Schmitt opens $44.9 million facility at college in Ottawa

Diamond Schmitt has opened a new state-of-the-art facility for “learning, innovation and entrepreneurship” at Algonquin College in Ottawa.
commercial buildings stuck at GHG status quo

Commercial buildings stuck at GHG status quo

Canadian commercial buildings registered the same 40-megatonne output of carbon dioxide equivalent in 2016 as in 2005.
affordable housing

Over 200 affordable rental suites set to be built in Downtown Toronto

Over 200 “affordable” rental suites are set to be built in Downtown Toronto as part of a 700 unit strong development in the city's Yonge and College area.
evolv1

Evolv1 becomes first structure to be awarded Zero Carbon Building certification

Evolv1, a multi-tenant office building under construction, has become the first structure to be awarded the Zero Carbon Building - Design certification.
Downtown Ottawa

Downtown Ottawa drawing tenant interest

Downtown class B buildings and the "fringe core" ByWard Market, Centretown and Glebe neighbourhoods are identified as a good fit for start-up enterprises looking for less than 1,000 square feet and/or co-working space.
markham

Markham Stouffville Hospital receives prestigious environmental award

Markham Stouffville Hospital has been revealed as the 2018 recipient of the Energy and Environmental Stewardship Award. The Canadian College of Health Leaders made the
GTA Q1 investment activity

Robust demand drives GTA Q1 investment activity

Cominar REIT stands out among the vendors, as it offloaded two office, two retail and one industrial property for earnings of nearly $717 million.
office building

Office leasing activity in GTA slightly muted in Q1 2018

Leasing activity in the Greater Toronto Area (GTA) office market was slightly muted in the first quarter of 2018, a new report has revealed.
TD

TD set to open $25 million office space in New Brunswick

Cadillac Fairview has announced plans to open a $25 million TD corporate office in the former Sears space at CF Champlain in Dieppe, New Brunswick.
Winnipeg

Winnipeg real estate investment sees $58 million decline

Investment in Winnipeg real estate saw a 12 per cent decline last year, with overall sales volumes of just $426 million - well below the five year average.
office market

BOMA Canada launches Net Zero Challenge

The new BOMA Canada initiative recognizes buildings that have achieved outstanding or drastically improved energy performance.
Sheraton

Strong investment in Canadian hotel industry set to continue

Strong investment in the Canadian hotel sector is set to continue this year according to CBRE Canada’s 2018 Hotels Outlook Report
hotel

Genesis Hospitality acquires two Edmonton hotels

The two hotels, part of Platinum Investments’ Edmonton Focused-Service Portfolio, have been sold to Genesis Hospitality Inc.
Cominar

Cominar finalizes $1.14 billion sale of property portfolio

Cominar has confirmed the closing of its $1.14 billion sale of its non-core market property portfolio to Slate Acquisitions Inc. Sylvain Cossette, president and CEO