Industry News
Ontario looks to stabilize and revive tourism
A $350-million tonic will be poured out in the form of direct aid for small operators, support programs for larger attractions, and inducements for consumers.
Ontario doubles tax credit in tertiary markets
Canadian-controlled private corporations are eligible for refundable tax credits of up to $90,000 for building investments in southwest, eastern and northern Ontario.
Telus Sky home to fastest elevators in the West
Three of the residential elevators at the Telus Sky building are the fastest in Western Canada, moving at 1,600 feet per minute (fpm).
Manitoba to redefine trespass violations
Construction sites are not specifically identified for limited occupiers' liability provisos, but an associated proposed amendment defines unauthorized entry onto a construction site as a criminal act.
Tenants gaining clout in downtown Montreal
The office availability rate inched above 12 per cent in downtown Montreal during Q4 2020, closing out a year when tenants gave up more than 1.3 million square feet of space through sublets or non-renewals.
ULI Toronto extends noms for WLI Championship Team
Industry members are asked to nominate a female-identified leader in the Greater Toronto and Greater Golden Horseshoe region.
Five building tips to help migrating birds this spring
Many feathered friends won't be making it to their northern breeding areas this spring due to fatal collisions with reflective and transparent glass.
CERS rate structure holds steady until June 5
The federal government reserved the option to adjust the funding levels after March 13 when it introduced the subsidy for fixed property expenses last November.
Nova Scotia offers targeted property tax rebate
A newly announced $7-million provincial fund is expected to partially compensate up to 3,300 small restaurateurs, barkeepers and personal service business operators for paid 2020-21 property taxes.
Life sciences growth potential flagged
Real estate analysts point to burgeoning momentum in Canada’s strong research institutions, increasing calls for domestic production capacity and the STEM job creation engine.
Alberta’s education mill rate nudges up 0.1 bps
Alberta’s education mill rate has nudged up 0.1 basis point, adding $0.01 per $1,000 of assessed value to the provincial portion of property tax bills.
Corporate Real Estate Week set for mid March
CoreNet Global has planned a slate of virtual seminars, presentations and networking events tied to five different daily themes, and will also be releasing new studies and relevant data throughout the week.
Building Benchmark BC releases first annual report
The first Building Benchmark BC annual report has been released, offering insights from energy and emissions data on hundreds of properties.
ISSA Canada names Environmental Stewardship Award winners
The 2020 winners are Yorkdale Shopping Centre, Manulife Investment Management, and Rogers Place.
Plans for $500M esports and entertainment complex in Toronto
OverActive Media and design firm Populous are building the first new sports or entertainment venue in Toronto since BMO Field in 2007. Plans also include a hotel complex.
Study finds human cost of transit-oriented development
Transit-oriented development can be a blessing and a curse for communities, suggests a new UBC study.
Q4 cap rate trends vary by sector
Cap rates trended upwards for downtown office, hotels and most retail categories during the fourth quarter of 2020, while compressing further for industrial and low-rise multifamily properties.



















