Industry News
Canadian hotel sector shaking off COVID-19
Average RevPAR surpassed 2019 levels last year, while increased international travel and a low Canadian dollar are projected to push up occupancy in 2023 and 2024.
Phase one underway at 12-acre Union City
A 12-acre master planned community is headed for the growing Unionville neighbourhood of Markham, along Enterprise Boulevard.
Storage facilities surge linked to cozy condos
Cozy condo units are linked to the rising profile of storage facilities among commercial real estate’s alternative asset classes.
Manitoba reaffirms energy equipment tax credits
The 2023-24 Manitoba budget announces ongoing extension of tax credits for geothermal, solar thermal and biomass system equipment, which had been scheduled to expire this summer.
Discount coming on Alberta’s education mill rate
The Alberta budget confirms a $2.5 billion education property tax levy for 2023, which is consistent with last year's requisition but to be spread across an expanded assessment base.
Vancouver approves 10.7% property tax hike
Homeowners now face an average property tax increase of 10.7 per cent after Vancouver City Council approved an operating budget of $1.97 billion for 2023.
Alberta to tackle land titles registry backlogs
Alberta will automate and digitize the provincial land titles registry in an effort to reduce the transaction backlogs that have been plaguing the paper-based system.
BOMA BC offers energy retrofit financing
BOMA BC has announced a new collaboration to provide an innovative financing option for decarbonization.
New Brunswick revises disaster relief formula
New Brunswick properties will be flagged on the provincial land registry and denied further disaster relief once they’ve received $200,000 in assistance for any one type of natural incident.
Canada is third in world for LEED buildings
Canada ranks third in the world for LEED certified buildings on USGBC's annual list.
15-acre community planned in North York
A vast and vacant parking lot on Sheppard East in North York will become a brand new community replete with a variety of uses.
DEI pilot targets CRE procurement channels
Seven prominent industry associations have formed the Commercial Real Estate Diverse Supplier (CREDS) Consortium to build connections with more minority- and women-owned businesses.
New funds tagged for deep retrofit enablers
The Canadian government is launching its promised Deep Retrofit Accelerator Initiative for commercial, institutional and multifamily buildings, along with the Greener Neighbourhoods Pilot Program for single-family homes.
First skyscraper in Greece begins ascent
The residential tower will rise within one of the largest urban regeneration projects in the world.
Input sought on downtown Ottawa revitalization
Residents, business operators and all those generally interested in the vibrancy of Canada’s capital are invited to share their opinions with the Downtown Ottawa Revitalization Task Force.
B.C. boosts assessment appeal filing fees
Assessment appeal filing fees are jumping from $30 to $300 for British Columbia's commercial and industrial property owners, but remaining static for other property classes.
ASHRAE hones decarbonization guidance
The first in a planned series of technical guidance publications focuses on building performance standards, offering advice for policymakers and building owners.




















