Industry News
Ottawa office complex jumpstarts value-add fund
Crown Realty Partners has acquired a four-building office complex and campus with potential for infill residential development, situated along Ottawa’s Queensway corridor.
Ontario not sticking with plate renewal fees
The Ontario government will eliminate its license plate sticker system for passenger and light-duty vehicles, motorcycles and mopeds, and forego the associated revenue.
Broccolini acquires several land parcels near GTA
Montreal-based developer Broccolini has kicked off 2022 with the acquisition of several development parcels located just outside the GTA.
Influential partners promote RETScreen Expert
BOMA Canada and the Canadian Coalition for Green Health Care sponsor training on version 8.1 of NRCan's energy management software platform.
Watchdog projects Ontario electricity subsidies
The Financial Accountability Office of Ontario pegs the cost of nine provincial programs at more than $118 billion over a 20-year period, with the largest share ascribed to the Ontario Electricity Rebate.
Québec will need eight times more public EV chargers by 2030
The International Council on Clean Transportation released a new study in February, finding that Quebec will need to significantly increase the amount of electric vehicle chargers to meet its 2030 zero-emissions vehicle target.
Urban planners seek return to ‘old normal’ in downtowns
A new study from the University of Waterloo surveyed planners and found they are not preparing for any fundamental changes to past practices, even in the face of changing reality due to the pandemic.
Property tax shift pending from new subclass
About 29,000 Toronto businesses will qualify for a 15 per cent reduction in the property tax rate, necessitating a 0.99 per cent increase for the remainder of commercial ratepayers.
Solar installations spared NS tariff threat
Premier Tim Houston promises to block Nova Scotia Power's proposed system access charge that would add about 8.7 cents per kilowatt-hour to the cost of electricity that net-metered customers generate.
Soaring industrial gains buoy investment returns
A 7.9 per cent total return across 2,367 directly held real estate assets in the Canada Property Index represents a 12 per cent improvement over 2020.
Developers plan $1.2-billion seaside community for Royal Beach
Seacliff Properties is pursuing its first joint venture with Reliance Properties to develop Royal Beach in Colwood, one of Greater Victoria’s fastest growing cities.
Q4 2021 sees investors broaden search for yields
Low yields on industrial and multifamily properties had more investors turning to office, retail and alternative asset classes in the fourth quarter of 2021.
Trio of transactions refines REIT’s portfolio
Skyline Commercial REIT pockets $297 million and hands over 24 industrial buildings in three separate deals, occurring over just two business days.
Next gen of energy sector tenants incubating
A successor generation of energy sector tenants could soon be incubating within Calgary’s beleaguered downtown office market.
EA Sports office complex in Burnaby begins ascent
Two new office buildings for EA Sports in Burnaby, B.C. will accommodate more than 500 employees.
Windsor utility to rebate EV charger installations
Multifamily landlords, businesses, academic institutions and community organizations in Windsor and surrounding Essex county could qualify for rebates of up to 50 per cent of costs for electric vehicle chargers.
Eaton Centre’s galleria roof to get $60-mil makeover
New materials and technologies will replace the existing glass yet retain the classic design aesthetic the roof is famous for.



















