Canadian Property Management - Industry News
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Industry News

accessibility

Feds amplify funding for accessibility upgrades

A $100-million injection to Canada’s Enabling Accessibility Fund will boost availability of grants for retrofit, renovation and construction projects to support universal navigability of the built environment.
Budget confirms 16-week CERS extension

Budget confirms 16-week CERS extension

The Canada Emergency Rent Subsidy (CERS) will now be available until at least September 25, but at gradually declining levels after July 3.
GO Residential REIT

Vestcor forges further bond with Crown Realty

Vestcor Inc., the New Brunswick public sector pension plan administrator, has acquired a minority interest in Crown Realty Partners.
smart buildings

BOMA Canada pilots smart buildings certification

This certification sets a global standard for how smart buildings are measured, while also providing users with a roadmap to drive further asset enhancement and investment.
Manitoba education property tax rebate comes with a two-year freeze on allowable rent increases

Manitoba tax rebate comes with rent freeze

About $248 million from the education levy will be returned to property taxpayers this year through 25 per cent rebates to residential/farm ratepayers and 10 per cent rebates to commercial/industrial ratepayers.
Arkfield

Nexus REIT bumping up industrial weighting

Nexus REIT has entered agreements to acquire five single-tenant industrial buildings, which would add 609,000 square feet of gross leasable area to its portfolio.
RHF

Global projects win grants through Elaina’s Sustainability Fund

Elaina’s Sustainability Fund has selected five organizations and individuals to receive the first round of grant funding.
office

1 in 3 workers may quit if called back to office full time

About 33 per cent of professionals currently working from home due to the pandemic would look for a new job if called back to the office full time.
SaskPower offers rate relief for community ice rink operators

Ice rink operators offered SaskPower discount

It’s actually too late for Saskatchewan’s ice rink operators to apply for the funding outlined in the 2021-22 provincial budget earlier this week, but they could still qualify for electricity rate relief this spring and summer.
Mitchell

Property Management Institute of Canada partners with MediaEdge Communications

The industry partnership will develop a series of certificates leading to a Canadian Building Operator designation.
greenwashing

New CPP entity stretches meaning of sustainable

Canada Pension Plan Investment Board (CPP Investments) has rolled its holdings in energy, resources, power and renewables into a newly dubbed sustainable energy group with approximately $18 billion in assets.
office sublet activity slackens somewhat in Q1

Pace of office sublet activity slackens in Q1

Industrial space got even tighter in Canada’s largest commercial real estate markets during the first quarter of 2021, while office sublet activity continued, but at a slower pace than in Q4 2020.
airborne transmission

ASHRAE provides updated airborne transmission guidance

The ASHRAE Epidemic Task Force has released clarified guidance for evaluating and mitigating the spread of SARS-CoV-2.
BentalGreenOak launches BGO Strategic Capital Partners

Deal begets BGO Strategic Capital Partners

BentallGreenOak has acquired Metropolitan Real Estate Equity Management from the Carlyle Group.
Quebec employers encouraged to take on interns

Quebec employers encouraged to take on trainees

Quebec employers will be eligible for an enhanced refundable tax credit if they employ and/or invest in training interns during the next 13 months.
office tower Hines

Hines office tower design responds to COVID

Hines is partnering with Reliance Properties to build the first new Vancouver office tower designed in response to COVID-19.
Quebec aligns small business corporate tax rate with Ontario's

Quebec cuts small business corporate tax rate

The 2021 budget also introduces a temporary doubling of the C3i tax credit for expenditures on computer hardware, management software or manufacturing and processing equipment.