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Ontario pledges funds to stabilize and revise tourism and hospitality sector

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.
tax credit

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 elevators

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

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.
Office availability rate surpasses 12% in downtown Montreal

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.
WLI Championship Team

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. 
migrating birds

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 confirmed to June 5

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 property tax rebate to select small commercial ratepayers

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

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 budget

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.
CoreNet Global has declared Corporate Real Estate Week for March 15-19

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.
energy retrofits

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.
Environmental Stewardship Award

ISSA Canada names Environmental Stewardship Award winners

The 2020 winners are Yorkdale Shopping Centre, Manulife Investment Management, and Rogers Place.
esports

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.
Transit-oriented development

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.
Hotel sales value value and room prices up in Q1

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.