Canadian Property Management - Industry News
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Code development approach prioritizes harmony

Code development approach prioritizes harmony

A new collaborative framework is aimed at achieving faster and frictionless Canada-wide adoption of the most current standards for new construction, fire safety, plumbing and energy efficiency.
First CIB retrofit project meets IREE condition

First CIB retrofit project meets IREE condition

Dream has secured investor ready energy efficiency (IREE) certification for 366 Bay Street, Toronto, in keeping with requirements of the Canada Infrastructure Bank building retrofits initiative.
Lucrative tax credits pledged for heat pumps

Lucrative tax credits pledged for heat pumps

Canada’s fall economic statement pledges $6.7 billion over five years to support uptake of a range of clean technologies, including solar heating, air-source and ground-source heat pumps and energy storage.
BC Hydro

Utilities join efforts on building grid capacity

The electricity transition hub is envisioned as a repository of resources and shared knowledge related to the integration of renewable power sources, energy storage and smart technologies.
the stack VRCA

The Stack achieves Zero Carbon Certification

The Stack in downtown Vancouver has achieved the Canada Green Building Council’s (CAGBC) Zero Carbon Building certification.
emerging trends

ULI releases Emerging Trends in Real Estate 2023

The new report explores shifts in the property sector since the pandemic, and new and emerging trends that will impact investing in 2023.
Discount coming on Alberta's education mill rate

Commercial ratepayers confront widening tax gap

Commercial property tax rates climbed and commercial-to-residential tax ratios widened this year in the majority of large Canadian cities Altus Group surveys for its annual benchmark report.
Ottawa

Nokia Canada to create sustainable R&D hub

Nokia Canada is transforming its 26-acre campus at the Kanata North Business Park in Ottawa into a sustainable research and development hub.
Flooding

Hurricane Fiona costs $660 million

Hurricane Fiona is estimated to be the costliest extreme weather event ever recorded in Atlantic Canada.
NS to offset revenue loss from Fiona shutdowns

NS to offset revenue loss from Fiona shutdowns

Small business operators in Nova Scotia can qualify for a one-time grant of $2,500 if they were closed for at least five customary business days between Sept. 23 and Oct. 7.
well-being

Canadians scrutinize reality of workplace culture claims

The workplace culture that companies claim to promote is far from the reality for many Canadian employees who see significant gaps.
More setbacks for downtown Class B office in Q3

More setbacks for downtown Class B office in Q3

The average national vacancy rate for downtown Class B office space hit an all-time high in Q3 2022, while the Class A vacancy rate dipped downward in seven of 10 markets CBRE Canada surveys.
Canada gains weight in global property index

Canada gains weight in global property index

Canada contributed to an 8.5 per cent or USD $900 billion expansion of the professionally managed real estate market last year across 37 countries MSCI analyzed.
Legacy Space

CIBC opens a Legacy Space at global HQ

CIBC opened a Legacy Space at its global headquarters, CIBC SQUARE, ahead of the National Day for Truth and Reconciliation on Friday.
Cloverdale Mall

Condos kick-start Cloverdale Mall redevelopment

A condo development will kick-start QuadReal’s Cloverdale Mall reboot. Mattamy Homes plans to build on a standalone 2.3-acre site at 2 and 10 The East Mall Crescent.

BOMA Canada honours CRE industry stars of 2022

On September 15, 2022, BOMA Canada proudly celebrated the best of the CRE industry in person for the first time since 2019 at the National Awards Gala in Charlottetown, PEI.
Conestoga Mall to pad Primaris REIT portfolio

REIT acquires four Alberta business parks

The $309-million deal is the largest yet for Skyline Industrial REIT, securing it 16 buildings and nearly 130 acres of land in Calgary and Edmonton.