Industry News
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 opened up and investment activity slowed across every Canadian property sector during the second quarter of 2022.
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.
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.
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.
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
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.
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 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.
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 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 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.
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.
Employees expect environmentally friendly offices
Six in 10 workers surveyed feel their office is "shamefully eco-unfriendly"
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
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 is targeting Toronto, Montreal, Vancouver and Calgary for up to CAD $2 billion in high-profile real estate acquisition and development opportunities.




















