Canadian Property Management - Industry News
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Industry News

FAM REIT announces Toronto office acquisition

FAM Real Estate Investment Trust (REIT) has announced an agreement to acquire a 170,000-square-foot urban office building in Toronto.
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New industry standard for HVAC systems

The National Air Duct Cleaners Association (NADCA) has unveiled the international standard of excellence – the 2013 ACR, the NADCA standard for assessment, cleaning and restoration of HVAC systems.

High personal debt levels hurting economy

A sizable majority of executive chartered accountants (CA) surveyed believe the high level of personal debt among Canadians is hurting the economy, according to the latest Canadian Institute of Chartered Accountants (CICA) Business Monitor.

Nova Scotia Power achieves LEED platinum

Nova Scotia Power’s office building, located on the Halifax waterfront, has become the first building in Atlantic Canada to achieve LEED platinum certification.
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Hotel investment transactions continue to soar

The market for hotel investment in Canada experienced a stellar year in 2012, and the next 12 months are shaping up to be even busier, according to the 2013 Canadian Hotel Investment Report released this week by Colliers International Hotels.
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Battery Hotel to become student residences

Memorial University has purchased Battery Hotel & Conference Centre in St. John's, Nfld. It plans to renovate it and turn it into graduate student residences, as well as university offices and public engagement space.
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Concert receives Georgie award for B.C. efforts

The Canadian Home Builders' Association of British Columbia (CHBA BC) awarded Concert Real Estate Corp. with its coveted Platinum Georgie Award last month. Since inception, only four other organizations have been honoured with ...
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Regina real estate market remains tight

Avison Young released its 2012 Year-in-Review/2013 Regina Market Forecast last week, predicting positive trends for the Regina commercial real estate market. Strong performance across all asset classes, additional Class A office space and industrial land, lack of investment product, and healthy retail sales characterize ...
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WorldGBC showcases green building benefits

A new comprehensive report released from the World Green Building Council (WorldGBC) confirms that a large number of compelling benefits come from the greening of buildings. The report examines whether or not it is possible to attach a financial value to the cost and benefits of green buildings.
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Toronto growth driving construction optimism

A building boom in Toronto is fuelling optimism for a strong 2013 in construction, says an annual survey conducted by the Ontario Construction Secretariat.
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Military facilities reap benefits from using LEED

The U.S. Department of Defense recently released the findings of an independent report on energy efficiency and sustainability standards used by the Pentagon for military construction. The report strongly affirmed the value of LEED certified high-performing buildings to America’s military and U.S. taxpayers.
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Canadian real estate still performing strongly

Canadian commercial real estate delivered another strong performance in 2012, as measured by the REALpac/IPD Canada annual property index. The annual total return of 14.1 per cent continued Canada's strong performance. Real estate outperformed public equities (7.5 per cent), bonds (three per cent) and inflation ...
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Waterloo Corporate Campus underway

Triovest Realty Advisors and Intermarket Developments has announced construction of the Waterloo Corporate Campus is about to begin. The project is a mixed-use development that includes loft-like office space, medical offices, restaurants, corporate office buildings, a co-location data centre facility and retail space.
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Avison Young releases GTA office report

Toronto, Canada’s largest city and commercial real estate market, remains one of the healthiest in North America, according to a recent market report by Avison Young. With an office stock of approximately 170 million square feet, the vacancy rate across all building classes in the Greater Toronto Area (GTA) finished ...
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Allied Properties acquires Calgary office buildings

Allied Properties REIT has entered an agreement to purchase the Vintage I and II office properties in Calgary. With these properties, Allied's Calgary portfolio will increase to 15 properties, with a total of approximately ...
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Stratford, Toronto among intelligent cities

The Intelligent Community Forum (ICF) recently announced its top seven intelligent communities of the year, with two Canadian cities making the list. The ICF gave the nod to two Ontario cities, Toronto and Stratford, due to their “information and communications technology,” which is the driving force of their economic growth.
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Brookfield releases 2012 full-year results

Brookfield Canada Office Properties has released its 2012 fourth quarter and full-year results. Brookfield announced the net income for the year was $527.5 million ($5.66 per unit), compared to $355.4 million ($3.81 per unit) in 2011. Net income for the fourth quarter was $165.6 million, compared to $216.9 million during the ...