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Modest investment returns posted for 2022

Modest investment returns posted for 2022

Newly released 2022 annual results of the MSCI/REALPAC Canada Property Index peg the total return on standing real estate assets at 1.3 per cent.
Capacity building sought for code ambitions

Capacity building sought for code ambitions

Businesses and stakeholder organizations are eligible for the capacity building stream of the Canadian government’s newly announced Codes Acceleration Fund.
Cost-sharing builds scale to reclaim edible food

Cost-sharing builds scale to reclaim edible food

Calgary pilot program will invite businesses and organizations to cooperatively share the costs of food recovery and organics recycling in commercial and institutional properties.
ASHRAE 90.1 takes on expanded name and mandate

ASHRAE 90.1 takes on expanded name and mandate

The newly released 2022 version of the widely referenced energy standard prescribes on-site renewable generation for most new buildings and introduces a selection of required measures, termed energy credits.
Co-operators

Co-operators earns Zero Carbon Certification for corporate HQ

The all-electric design of the 226,000-square-foot facility will eliminate direct carbon emissions from any onsite source.

Protracted construction prompts aid for TO BIAs

Toronto introduces grants of up to $50,000 for business improvement areas where multi-year transit expansion projects are occurring.
One-window guide for EV charger grants opens

One-window guide for EV charger grants opens

The new online reference hub has been designed to steer businesses, not-for-profit groups and municipalities to applicable funding options.
Calgary enjoys rising industrial market in 2022

Calgary enjoys rising industrial market in 2022

In a field of all round upbeat results, Calgary stands out as Canada’s rising industrial market of 2022, posting 11.6 million square feet of positive absorption.
Yonge and St. Clair

Nokia Canada opens downtown Toronto office

Nokia Canada's newly opened office in Toronto's Harbourfront community is expected to bring more workers to the downtown core
Office market setback a national trend for Q4

Office market setback a national trend for Q4

The fourth quarter of 2022 saw the office vacancy rate climb to 17.1 per cent across 10 major Canadian markets, accompanied with 2.1 million square feet of negative absorption.
NYX Capital sells self-storage portfolio

Dream Office REIT sells Class B Toronto building

Dream Office REIT has announced the $135-million sale of 720 Bay Street, an 11-storey Class B building in the Queen’s Park vicinity of Toronto.
Few dramatic reversals foresee in CRE trends

Few dramatic reversals foreseen in CRE trends

REALPAC’s 2022 Prospective Survey was conducted in late October, posing questions to chart the commercial real estate industry’s anticipated course over the next five years.
Ontario's Class B awaits dynamic electricity pricing

Class B awaits dynamic electricity pricing

Newly announced plans to test and compare approaches for dynamic electricity pricing should be seen as very early notification for Ontario's small and mid-sized commercial customers.
Canada's premium office rents pose global value

Canada’s premium office rents pose global value

Vancouver, Toronto and Montreal are categorized as “value” markets, but share that status with nearly 60 per cent of the 134 global markets ranked in JLL's annual survey.
occupancy

Global study unveils workplace occupancy trends

A new benchmarking report delves into how spaces are being used during defined business hours in North America and Europe.
capital

Major Abbotsford business park starts construction

Construction of a large industrial park project on Mt. Lehman Road in Abbotsford has begun. Completion is expected in 2024.
Ontario seeks input on accessibility standards

New coalition forged to promote accessibility

Commercial real estate owners/managers, homebuilders and organizations that provide services and advocacy for people with disabilities have joined forces in the Accelerating Accessibility Coalition.