Industry News

carbon pricing revenue

Retrofit fund draws on carbon pricing revenue

Grants of up to $250,000 are available to small business operators in New Brunswick, Ontario, Manitoba and Saskatchewan for energy-saving and emission-reducing building retrofit projects.
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Vancouver ties Toronto for North America’s lowest office vacancy rate

Followed by San Francisco at 3.6 per cent, the three tightest downtown markets in North America are tech hubs.
CBRE government

CBRE selected to manage B.C. government portfolio

CBRE has been selected to provide facilities and project management for the Province of British Columbia’s 17-million-square-foot real estate portfolio.
Global Property Index

Canada inconspicuous in Global Property Index

The 2018 total return on Canadian real estate assets was in the back half of the pack among 25 national markets, but Canada is part of a smaller group of 12 that can boast an improvement over 2017 results.
BentallGreenOak

BentallGreenOak officially emerges

Bentall Kennedy's merger with GreenOak Real Estate is now in place, extending the newly formed entity's worldwide reach and bringing approximately USD $46 billion worth of assets under management.
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Oxford unveils plans for Union Park

The $3.5 billion project is set to be the largest mixed-use development in Toronto's history.
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Dream secures first large tenant at Zibi development

The eight-storey office building is expected to be completed in late 2020.
expanded Ontario cabinet

Ministers shift around expanded Ontario cabinet

The 28-member reconfigured roster brings some fresh faces to portfolios of key interest to the commercial real estate industry, but also leaves one of the most prominent players in place.
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Wawanesa to move North American HQ to True North Square

Wawanesa Insurance, Canada’s largest mutual insurer founded in Manitoba in 1896, announces a partnership with True North Real Estate Development (TNRED) to build its North
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REMI Show and ISSA Show Canada Industry Award winners announced

The awards recognize achievements, contributions, leadership and community service within the Canadian real estate and property management industry.
property tax shifts

Property tax shifts continue to plague Calgary

Nearly 12,000 non-residential ratepayers will get some relief from the property tax shifts Calgary's sliding downtown office values triggered this year
AIBC honorary member

2019 BOMA BC Award winners announced

Top property management firms, individuals and suppliers in the commercial real estate industry were honoured at BOMA BC’s 2019 Awards Gala.
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SickKids receives $100M donation for redevelopment

The largest single gift to The Hospital for Sick Children (SickKids) will help fund the redevelopment of the institution's campus in Toronto.
Mortgage

MPC lobbies Ottawa for less restrictive mortgage rules

Representatives from Mortgage Professionals Canada (MPC) united in Ottawa this May to lobby for changes to Canada’s federal mortgage eligibility and financing laws which “unnecessarily impact
breakthrough energy fund

Buildings in mix for breakthrough energy fund

Clean energy developers may secure up to $3 million or 50 per cent of project costs for the advancement of manufacturing, electricity, transportation or buildings related innovations with the potential to reduce global greenhouse gas (GHG) emissions.
Shibley Righton PBW High Voltage

Crombie announces $193.3M deal with Oak Street

The transaction includes approximately 720,698 square feet of primarily free-standing grocery-anchored properties.
Union Gospel women

UGM Women and Families Centre breaks ground

Union Gospel Mission (UGM) has broken ground on its $35.5 million new 'Women and Families Centre," the largest expansion in 78 years.