Industry News
First zero carbon office tower opens in Vancouver
The Stack in Vancouver, a landmark project by Oxford Properties, is the first high-rise commercial tower in North America built to zero carbon standards.
Ontario’s targeted incentives fund LEDs and VFDs
Commercial, multi-residential and institutional electricity customers in Ottawa and select areas of Toronto are eligible for targeted incentives through Ontario’s BizEnergySaver program.
Board renewal brings six openings at CMHC
Board renewal at Canada Mortgage and Housing Corporation (CMHC) is opening up positions for a new chairperson and five directors.
Operational tech ripe for more ransomware attacks
Real estate was relatively unscathed in the growing number of ransomware attacks perpetrated in Canada last year, experiencing about 3 per cent of the incidents occurring across 19 industry sectors.
Canada boasts resilient bases for CRE value
Abundant water resources and a low-carbon electricity grid are two key attributes earning Toronto, Montreal, Ottawa and Winnipeg favourable ranking as resilient bases for commercial real estate.
Office receivership sale touts conversion potential
Sales agents for Compass Place, a distressed 10-storey office tower in downtown Edmonton, are promoting its potential for conversion to multifamily rental.
Delinquent loans mount on U.S. office assets
DBRS Morningstar’s recently released status report on commercial mortgage-backed securities counts July as the fourth consecutive month with rising delinquency rates.
Hotel investment volume enjoys COVID recovery
Canadian hotel sales value, occupancy rates and revenue per available room (RevPAR) for the first half of 2023 surpassed pre-pandemic performance in the comparable period of 2019.
Retail rents posting gains in open-air venues
Calgary, Montreal and Halifax particularly enjoyed an upturn in retail rents during the first half of 2023, but declining rates were next to non-existent across Canada's major urban markets.
Guide advises on climate change impacts in the workplace
New guidance is available to help workplaces prepare for the potential challenges and impacts climate change can have on employees.
Canada shares in real estate’s global value dip
The global value of professionally managed real estate fell by 4.1 per cent last year relative to 2021, representing a USD $600 billion year-over-year drop.
Multi-tower project bound for Pickering
Plans for Pickering City Centre entail 6,000 new residences across more than 10 mixed-use towers and revitalizing a 1970s-era shopping mall.
InnVest Hotels executes two summertime deals
The sale of the Ottawa Marriott Hotel follows InnVest's recent acquisition of the historic St. Andrews-by-the-Sea resort in New Brunswick.
CRE industry reveals data-driven demands
Canada’s top commercial real estate players have identified the growing importance of visualizing indoor building activities in real time as the use of space becomes less predictable and tenant needs evolve.
Office attendance rates flout corporate decrees
More than 55 per cent of respondents to CoreNet Global’s July 2023 survey report that corporate personnel are not fully complying with directives to return to the office.
NYX Capital sells self-storage portfolio
The vendor garners $310 million through the sell-off of 7,500 existing rentable storage units and properties where a further 3,000 units are set for development.
CRE loan books undergo U.S. Fed stress test
Through a recent stress testing exercise, the U.S. Federal Reserve determined that potential losses on commercial real estate loans pose the second highest risk for lenders after credit cards.




















