Canadian Property Management - Industry News
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Waterfront Toronto opens Corktown Common

Waterfront Toronto and its government partners have officially opened Corktown Common, a multi-use urban green space located in the city’s West Don Lands.

Toronto’s total lease space up in Q2

Approximately 5.8 million square feet of industrial, commercial and office space was leased through TorontoMLs in the second quarter of 2014.

Canadian office demand rising: Report

More office space was absorbed in the second quarter of 2014 than in any period in the previous two years, CBRE reports.

Ontario capping rent at 1.6 per cent

The Ontario government is capping residential rent increases at 1.6 per cent for the one-year period between Jan. 1 and Dec. 31, 2015.

Ivanhoé completes Frontenac renovation

Renovations are now complete at the Fairmont Le Château Frontenac, one of Canada’s most historic properties.

Canada’s ‘Silicon Valleys’ migrating to downtown

Canada’s high-tech hubs are moving closer to their downtown cores in Ottawa and Vancouver, mirroring a similar trend in the United States.

Expanding office markets impact Canadian cities

Canada’s commercial construction boom has filtered down to the existing office market, Jones Lang LaSalle (JLL) reports. In particular, 13 million square feet of new

NAIOP Vancouver announces 2014 award winners

The NAIOP Vancouver and Business in Vancouver Commercial Real Estate Awards of Excellence recognize quality and performance, innovation and creativity, teamwork and collaboration, as well as community and environmental awareness.

Sony headquarters moving to Vancouver

Sony Pictures Imageworks' headquarters will be moving from California to Vancouver in spring 2015.

Foreign retailers flocking to Yorkdale Mall

Toronto's Yorkdale Shopping Centre welcomed more than a third of all new foreign retailers entering the Canadian market last year.

Oxford Properties to double industrial portfolio

Oxford Properties has plans to increase its industrial portfolio to 20 million square feet over the next three years, doubling its holdings by 2018.

Toronto industrial market jumped in May

The Toronto Real Estate Board says 639,878 square feet of industrial, commercial, retail and office space was leased in May, marking a notable rise.

Toronto’s Fairmont Royal York up for sale

The Globe and Mail reports that Quebec's pension plan has put the Fairmont Royal York in Toronto and the Fairmont Hotel Vancouver up for sale.

New design unveiled for Gehry-Mirvish towers

The new design of Toronto's proposed Gehry-Mirvish towers feature two residential skyscrapers that rise 92-stories and 82-stories respectively.

Forecast good for property management industry

A new IBISWorld market research report predicts steady growth for Canada’s property management industry.

Montreal office vacancy rates on the rise

Knight Frank Devencore reports that Montreal office vacancy rates in Class A and B downtown office buildings have hit 6.8 per cent, up from 6 per cent.

Brookfield acquires hotel investment company

Brookfield Asset Management has acquired Thayer Lodging Group, a privately held New York investment company specializing in hotel real estate.