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




















