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.
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.
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.
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, by the Institute of Real Estate Management Foundation, is now accepting applications for funding to support green real estate management initiatives.
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.
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.
An Efficiency Canada report suggests a lack of mandatory air leak testing in buildings hinders attempts at net-zero energy efficiency.
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 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.
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.
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.
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.
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.
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.
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.
The 31-storey flatiron mixed-use condo will rise at Dupont and Dufferin streets at the foot of Galleria on the Park.