Industry News
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
The Canada Emergency Rent Subsidy (CERS) will now be available until at least September 25, but at gradually declining levels after July 3.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
Deal begets BGO Strategic Capital Partners
BentallGreenOak has acquired Metropolitan Real Estate Equity Management from the Carlyle Group.
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.
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 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.



















