Industry News
Morguard to divest hotel portfolio
Morguard announced plans to sell a portfolio of 14 hotels located across Ontario and Nova Scotia.
Office conversion eases Ottawa’s Class B woes
More than 300,000 square feet of Class B office space has been withdrawn from Ottawa's downtown inventory as two separate commercial landlords pursue plans to replace it with rental housing.
Yukon introduces new climate change goals
The government recently added 42 new actions to its climate change plan to reduce greenhouse gas emissions and become more adaptive.
Distinctive Alberta place names prioritized
New directions for naming Alberta government facilities prioritize provincial culture, history and distinctive natural features, but generally discourage tributes to living individuals.
CRE gets peripheral standing on Manitoba council
Commercial real estate is relegated to peripheral standing on the newly struck 36-member Premier’s Business and Jobs Council, tasked with developing an economic strategy for Manitoba.
Mix of challenges thwart convention business
Ontario's Auditor General points to challenges with travel logistics, facility space and inadequate surrounding amenities at provincially operated convention centres in Toronto and Ottawa.
Geary Factory Lofts to become corporate condo hub
The Geary Factory Lofts will feature raw floor plans of 800 to 15,000 square feet.
Climate disclosure requirements up for study
The fall economic statement announces that the Canadian government will be looking at options for mandating climate disclosure in the private sector.
CRA to be disabused on investment tax credits
Recent court rulings give Canada Revenue Agency leeway to apply an unintended interpretation to the interest-free and low-interest loans that federal, provincial/territorial and municipal governments offer.
Waste biomass generation tapped for tax credits
Systems using waste biomass to produce electricity, heat or combined heat and power will now qualify for the federal tax credits already extended to other designated clean technologies.
Primaris REIT to acquire Halifax retail properties
The $370-million deal will add the Halifax Shopping Centre and its associated open-air Annex to Primaris REIT's portfolio.
IESO on standby to address municipal councils
Ontario’s Independent Electricity System Operator is now on standby to address municipal councils deliberating proposals for new or expanded generating facilities.
Ontario to wrest realty functions from agencies
The Ontario government is moving to wrest realty functions from 10 provincial agencies, including the administrator of the health care system, the manager of Algonquin park, major museums and convention centres.
Regional mall fundamentals receive high marks
New analysis projects "significant opportunity for growth" drawing on the surging Canadian population, urban densification trends and minimal new competition for incumbent regional malls.
Canada ranks high in global remote work index
Canada outpaces the United States in a newly released survey detailing the top countries for remote work.
CIBC’s Global HQ achieves WELL Certification first
CIBC's new global headquarters became the largest workplace to achieve WELL Certification at the Platinum level across all sectors in Canada.
New option proposed for Ontario’s ICI program
Large electricity customers in Ontario could have a new option for reducing the peak demand factors that determine their share of the bucket of electricity system costs known as the global adjustment.