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BC Hydro amps up energy efficiency spending

BC Hydro amps up energy efficiency spending

BC Hydro is pledging to invest $700 million in energy efficiency over the next three years, including new programs and incentives for commercial and multifamily properties.
OMERS to garner $1.35 billion from LifeLabs sale

OMERS to garner $1.35 billion from LifeLabs sale

OMERS has agreed to sell the LifeLabs network of laboratories and collection centres for providing and relaying diagnostic information to U.S.-based Quest Diagnostics for CAD $1.35 billion.
Ontario seeks input on accessibility standards

Ontario seeks input on accessibility standards

Provincially appointed committee examines the objectives and details of guidance and requirements under the Accessibility for Ontarians with Disabilities Act and the Ontario Building Code.
Queen's Park

Déjà vu for Ontario’s residential rent increases

The Ontario government will hold the allowable rate for residential rent increases at 2.5 per cent for a third consecutive year in 2025, again falling below the average inflation rate.
Commercial loans exempt from pending controls

Commercial loans exempt from pending controls

New regulations clarify that most commercial loans are exempt from the Canadian government's more stringent definition of criminal interest, which will come into force in 2025.
Fengate ups digital infrastructure investment

Fengate ups digital infrastructure investment

Fengate Asset Management has increased its equity stake in Canadian digital infrastructure with a newly inked $1.8 billion investment in eStruxture Data Centers.
Canada set to switch off fluorescent lighting

Canada set to switch off fluorescent lighting

Fluorescent lighting will disappear from the Canadian marketplace by the end of this decade, under rules set out in updated federal regulations governing mercury-containing products.
Ample revenue sources on municipal wish list

Ample revenue sources on municipal wish list

The Federation of Canadian Municipalities is proposing a new fiscal framework that's less reliant of property tax and better tailored to the complex demands local governments face.
Grocery store lease clauses under scrutiny

Grocery store lease clauses under scrutiny

Canada’s Competition Bureau is investigating whether dominant grocery retailers are using exclusivity clauses and restrictive covenants to improperly curtail rival businesses.
New sustainability report deciphers CRE concerns

New sustainability report deciphers CRE concerns

REALPAC's newly updated 2024 sustainability report discusses a range of issues that are increasingly being raised in investment decisions and regulatory compliance.
Bell Media directed to divest select advertising signage

Bell Media to divest select advertising signage

Canada's Competition Bureau has directed Bell Media to divest 669 outdoor advertising assets in Quebec and the Greater Toronto Area as a condition of its acquisition of Outedge Media.
hotel

Office-to-hotel conversion project begins in Calgary 

Construction has started on the first hospitality project through the Downtown Calgary Development Incentive Program.
CRE insiders feeling more optimistic in the U.S.

CRE insiders feeling more optimistic in the U.S.

NAIOP’s newly released sentiment index reveals modest expectations for improved conditions over the coming 12 months, contrasting with last fall’s negative outlook.
Hotel sales value value and room prices up in Q1

Hotel sales value and room prices up in Q1

Canadian hotel sales totalled $750 million in the first quarter of 2024, up 130 per cent from the comparable period last year. The average price per room also increased by 12 per cent.
Toronto and Vancouver nurture mortgage tech

Toronto and Vancouver nurture mortgage tech

Mortgage tech is the top draw for tech sector venture capital in Toronto and Vancouver, contrasting with the investment emphasis in major U.S. markets.
accessibility

IESO seeks Indigenous energy project proponents

The application window is now open for Indigenous communities and organizations undertaking energy planning, infrastructure development and ongoing energy management projects.
NAIOP imposes order on CRE's evolving vocabulary

NAIOP imposes order on CRE’s evolving vocabulary

An updated glossary of commercial real estate’s common business terms presents an expanded list reflective of an evolving vocabulary across a multidisciplinary workforce.