Industry News

office market turnaround

Office market turnaround delayed at least to Q4

A fourth wave of COVID-19 stalled hopes for an office market turnaround in the third quarter of 2021, while demand for industrial space continued unabated.
Ontario regulation sets deadline for energy-use data availability via the Green Button program

Deadline set for energy-use data availability

A newly filed regulation instructs Ontario's electricity and gas distributors to be ready for the province-wide rollout of the Green Button program by November 2023.
Buildings urged to brandish orange for Truth & Reconciliation Week

Buildings urged to brandish orange Sept. 30

Orange is the designated colour to show support and build awareness within commercial and institutional buildings as Canada prepares to mark its first official National Day for Truth and Reconciliation.
Ontario to give license on commercial mortgages

Ontario to give license on commercial mortgages

Sophisticated borrowers and lenders will be able to negotiate commercial mortgages through unlicensed channels if proposed regulatory amendments are enacted in Ontario.
real estate deals on record pace in Q2 2020

Real estate deals hit record volume in Q2

Nearly $14 billion worth of commercial real estate transactions closed in the second quarter of 2021, making it Canada’s most active quarter ever for non-M&A investment volume.
vaccination mandatory

Majority of businesses plan mandatory vaccination

Majority of Canadian businesses are making or plan to make COVID-19 vaccination mandatory for their employees.
Fitwel Viral Response

BentallGreenOak sets record with Fitwel Viral Response

The achievement represents the largest portfolio of commercial real estate properties in Canada to earn the certification.
ESG benchmarking tallies continued global uptake

ESG benchmarking tallies growing global uptake

The 2021 GRESB real estate results, slated to be released later this fall, will draw from a database of 1,520 entities collectively reporting on 117,000 assets valued at USD $5.7 trillion.
facilities management market

Facilities management market predicted to surge

Market growth of US$660.29B over the next 4 years is expected to be spurred by rising demand for smart facilities & increasing emphasis on outsourcing building management services.
StorageVault hits $140 million in property acquisitions thus far in 2021

StorageVault targeting property acquisitions

Two newly closed transactions with a relatively modest $8.7-million price tag have pushed StorageVault Canada past the $140-million milestone for deal value thus far this year.
warehouse

Green goals for adaptive reuse of vacant Hamilton warehouse

An industrial warehouse in Hamilton’s East Bayfront neighbourhood is transforming into a sustainable waste management facility that will produce about $2 million worth of organic fertilizer daily.
Passive House design withstood meltdown conditions during recent Ice Box Challenge in Glasgow, Scotland

Meltdown conditions no sweat for passive cooling

Glasgow, the host city for the upcoming 2021 UN Climate Change Conference, provided the venue to test and compare the thermal performance of Passive House design against the Scottish building standard.
Oxford Properties to acquire U.S.-based portfolio of infill light industrial buildings

U.S. infill light industrial fits Oxford’s aims

The USD $2.2-billion (CAD $2.7 billion) deal involves 149 warehouse/distribution buildings located in 12 major metropolitan markets throughout the United States.
climate change fallout projected to be bleak

Climate change fallout projected to be bleak

Canadian regions will experience climate change fallout differently, but a global consortium of scientists is warning residents everywhere that severe conditions and extreme events are going to be more frequent and intense.
bike sharing

Bike sharing trends hint at commuter uptake post COVID

A new report suggests an increase in people using Toronto's Bike Share service for leisure during the pandemic could mean they will choose this mode of transportation for their daily office commute post COVID.
real estate investment universe expands in 2020

Real estate investment universe expands in 2020

MSCI estimates the global professionally managed real estate investment market grew by 9 per cent to reach USD $10.5 trillion in 2020, up from USD $9.6 trillion in 2019.
logistics

LaSalle purchases GTA logistics portfolio

LaSalle Investment Management has acquired three industrial buildings in the Greater Toronto Area through its core real estate fund in Canada. This purchase reduces the fund's overall exposure to the office market.