Canadian Property Management - Industry News
REMI

Industry News

Sask electricity rate set to jump 8% by April

Sask electricity rate set for 8% jump by April

SaskPower will introduce a 4 per cent electricity rate increase on September 1, 2022 and another on April 1, 2023.
Cap rates open up in Q2

Cap rates open up in Q2

Cap rates opened up and investment activity slowed across every Canadian property sector during the second quarter of 2022.
Lawrence Heights

Industrial assets deliver outsized Q1 returns

Canada stands out in newly released global investment performance data for outsized returns on industrial assets during the first quarter of 2022.
Truro

A co-working facility first in Truro, Nova Scotia

The first co-working space to open in Truro, Nova Scotia is a partnership between IWG and Queens Realty Limited. 
buildings policy

Vancouver approves historic land-use strategy

After almost three years of extensive public engagement, Vancouver City Council approved the first city-wide land-use strategy to make way for a more affordable and sustainable city.
tax credit

New clean building tax credit for B.C. owners

A new tax credit will make energy retrofits for multi-unit residential and commercial buildings more affordable, saving owners 5 per cent.
Canada excelling at fostering tech talent

Canada excelling at fostering tech talent

Eight Canadian urban centres rank in CBRE’s newly released analysis of the top 50 North American markets for fostering tech talent and related economic growth.
homes prices

More interest rate hikes to follow in 2022, economists predict

Economists forecast a 15 per cent to 20 per cent drop in housing prices by the end of the year, with most believing new housing supply won’t bring prices down more than higher rate increases.
telus sky

Telus Sky tower officially opens in Calgary

Telus Sky, the 60-storey skyscraper in Calgary, has officially opened. The tower features 750,000 square feet of office and retail space.
low-rise

Mall sale a divestiture milestone for vendor

Northern Ontario's second largest regional shopping centre, Station Mall,, was Algoma Central Corporation's last commercial real estate holding in Sault Ste, Marie.
Canada transparently draws investor confidence

Canada transparently draws investor confidence

Canada retains its fifth place ranking and its status as a highly transparent real estate market in JLL’s newly released 2022 Global Real Estate Transparency Index.
Venture capital offered for smart water techr

Venture capital offered for smart water tech

Canadian start-ups are invited to take up the global water challenge, a competition to gain access to up to €3 million (CAD $4 million) in venture capital for smart water technologies.
Calgary

Anthem acquires 95-acre industrial site in Calgary

The former site of a welded steel pipe manufacturing facility will be turned into a multi-phase business park with facility options for small- to medium-format occupiers, along with ancillary retail components.
environmentally friendly offices

Employees expect environmentally friendly offices

Six in 10 workers surveyed feel their office is "shamefully eco-unfriendly"
CDPQ to back decarbonization fund for U.S. CRE

Retrofit aggregator tapped for GTHA region

Efficiency Capital, an offshoot of The Atmospheric Fund, will serve as a retrofit aggregator for Canada Infrastructure Bank’s $2-billion Commercial Building Retrofit Initiative.
Slate Asset Management acquires Presima

Slate Asset Management acquires Presima

The deal adds $1.1 billion in assets to Slate’s investment management holdings and heightens its presence in the public markets, where Presima has carved out global REIT and ESG yield strategies.
Hines revs Canadian investment vehicle

Hines revs Canadian investment vehicle

Hines is targeting Toronto, Montreal, Vancouver and Calgary for up to CAD $2 billion in high-profile real estate acquisition and development opportunities.