Industry News

Hudson Pacific

Hudson Pacific wins NAIOP Developer of the Year

NAIOP has selected Hudson Pacific Properties as the 2021 Developer of the Year – the association’s highest honour.
CREED Council to champion equity, diversity and inclusion in commercial real estate

CREED Council to champion equity and diversity

A new volunteer council, gleaning insight and experience from all commercial real estate disciplines, is exhorting the industry to better reflect the society in which it operates.
Canadian proptech ventures to be groomed for growth

Canadian proptech ventures groomed for growth

The U.S. National Association of Realtors is searching the Canadian market for promising technologies for the commercial and residential real estate sectors.
looser office densities deemed easier economic stretch in Toronto

Looser office densities deemed viable in Toronto

Toronto is positioned among select global cities with a combination of space and cost factors that could better appeal to employers seeking to expand space-per-person ratios in their office footprint.
BOMA Canada to launch Circular Economy Guide for Real Estate

CRE sussed for circular economy applications

BOMA members and other interested parties are asked to complete a short online survey ahead of the upcoming launch of the new Circular Economy Guide for Commercial Real Estate.
New government positions support Accessible Canada Act mandate

New roles will support Accessible Canada Act

Applications are invited for Governor-in-Council appointments within the Canadian Human Rights Commission and the Ministry of Employment and Social Development.
BOMA BC

BOMA BC lauds commercial real estate industry

Companies and individuals in the commercial real estate industry were lauded for their superior service at the BOMA BC Awards of Excellence.
TRCA

Biophilic design of new TRCA HQ puts wood first

Encased in glass, four water walls will symbolize TRCA’s role of safeguarding the GTA’s watersheds while also being an integral part of the building’s HVAC system.
Commercial buildings receive ENERGY STAR awards

Commercial buildings named ENERGY STAR winners

Suburban office and corporate headquarters capture the limelight in the newly announced 2021 ENERGY STAR Canada awards for existing commercial and institutional buildings.
Deal makers offered digital option to submitting FOI requests to the Ministry of Environment

Deal makers might avoid needless FOI requests

A proposed digital channel for submitting property-related information requests to Ontario's Ministry of the Environment would offer an alternative to the current paper-based submission of Freedom of Information requests.
plastic

Canada officially lists plastic products under CEPA

Canada recently listed plastic manufactured items on Schedule 1 under the Canadian Environmental Protection Act (CEPA), taking a first regulatory step in addressing plastic pollution.
water damage restoration standard

IICRC publishes revised water damage restoration standard

IICRC has published a newly-revised, ANSI-approved ANSI/IICRC S500 Standard for Professional Water Damage Restoration.
CPP Investments is among global top 10 real estate investors for 2021

CPP among global top 10 real estate investors

CPP Investments is one of five pension plan managers on the list, along with three global insurance/asset management firms and two sovereign wealth funds.
Ottawa channels COVID-19 resilience funds to public washrooms, active transportation and building upgrades

COVID-19 resilience funds disbursed to Ottawa

$11.2 million will be allocated throughout Ottawa’s 23 city wards and put toward outdoor recreational facilities, pedestrian safety measures, and HVAC and digital connectivity upgrades in community centres and other municipal buildings.
Dream Office

Dream Office portfolio largest to achieve WELL Health-Safety Rating

Office spaces across Toronto, Mississauga and Calgary have implemented a wide range of COVID-19 solutions to ensure a healthy and safe return to work.
Hotel deal activity projected to pick up in Q2

More hotel deal activity projected beyond Q2

Of the 21 transactions totalling approximately $197 million in value during the first quarter of 2021, seven properties were sold for redevelopment or conversion to other uses and three were distressed sales.
Modest spending outlay promised for Canadian government's own portfolio

Modest spending outlay for federal portfolio

The Canadian government expects to spend nearly $93 million to offset energy-related greenhouse gas emissions in its own portfolio, but $77.9 million of that is slated for unspecified “future years”.