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Industry News

Office conversion eases Ottawa's Class B woes

Repositioning specialist tackles Ottawa market

Marlin Spring and Colonnade BridgePort have partnered in the acquisition of a 12-storey office building at a prominent intersection of Ottawa’s central business district.
Kirkland Centre

Kirkland Centre set for transit-oriented remake

RioCan REIT and Broccolini Real Estate Group have joined forces to redevelop an open-air retail centre in suburban Montreal.
office

Companies urged to clarify post-COVID workplace plans

Businesses that ignore current data related to the employee experience risk dismantling years of trust in the post-pandemic workplace. 
redevelopment proposed for midtown Toronto landmark

Rezoning sought for midtown Toronto landmark

Development partners Oxford Properties Group and CT REIT envision three million square feet of mixed-use development on the Canada Square site at Yonge and Eglinton.

Canada’s first multi-level industrial project breaks ground

Oxford Properties has broken ground on Canada’s first large-scale multi-level industrial project, located in the Riverbend Business Park.

Mixed-use tower to build on Toronto’s heritage

Dream Office REIT and Humbold Properties have unveiled plans for a 79-storey mixed-use tower straddling Toronto’s financial and entertainment districts.

StorageVault completes $220-million deal

Six vendor groups were involved in the deal for 13 store locations and a vacant land parcel.

Mixed-use restoration set for 150-year-old church

A Toronto developer is converting an historic church in Ingersoll, Ontario, into a mixed-use hub of office, event and retail space.

Bond rate signals to institutional investors

A 100 basis point slide in the 10-year Canada bond rate over the course of the COVID-19 pandemic contributes to real estate’s continuing allure for institutional investors.

CERS applications to be accepted as of Nov. 23

Legislation to enable the Canada Emergency Rent Subsidy (CERS) received parliamentary approval late last week and an online application portal was expected to be operational for Nov. 23.

TCFD appears embedded in accountability Act

Newly tabled federal legislation would commit the Canadian government to set five-year targets and report progress in reaching the stated goal of net-zero emissions by 2050.

Ontario wires commercial evictions on/off switch

A proposed amendment to the Commercial Tenancies Act, included in Ontario's budget bill, would allow the Minister to impose future COVID-19-related prohibitions on commercial evictions via regulation.

Grant applications open for Elaina’s Sustainability Fund

Elaina's Sustainability Fund, by the Institute of Real Estate Management Foundation, is now accepting applications for funding to support green real estate management initiatives.

Ontario to shift some locked-in hydro costs

The roughly $433-million annual allocation for the relief measure will cover a small portion of the total global adjustment, which surpassed $1 billion in every month from January to September this year.

Long-term care home projects put on fast track

The Ontario government has released a bid package offering three land parcels tied to requirements for successful proponents to develop and operate a total of 896 new long-term care beds.

Report suggests new building codes aren’t tough enough on energy efficiency

An Efficiency Canada report suggests a lack of mandatory air leak testing in buildings hinders attempts at net-zero energy efficiency.

Real estate confidence barometer resets from Q2

Newly released third quarter results from the REALPAC/FPL Canadian Real Estate Sentiment Survey reveal senior executives looking forward more hopefully and reflecting on last year's better times.