Industry News
Accessibility Standards Canada seeks public input
The agency is mandated under the Accessible Canada Act to develop accessibility standards for all federally regulated organizations and to more widely promote accessibility and inclusiveness through research and public engagement.
High-rise builders flagged in new flooding insight
Little has been invested in underground infrastructure to increase capacity when it comes to Toronto's aging sewage and stormwater pipes.
NRCan to fund commercial uptake of ISO 50001
Natural Resources Canada is offering subsidies to implement the ISO 50001 energy management systems standard in commercial and institutional buildings.
GRESB response demonstrates ESG momentum
Participation in the global benchmarking exercise increased 18 per cent from 2019 and represents more than USD $5.3 trillion worth of assets under management.
Indoor air quality assurance bolsters reopenings
BOMA Toronto's new HVAC Advisory Council will monitor and respond to emerging knowledge about how SARS-CoV-2 — the virus that causes COVID-19 — spreads.
Regional economic impacts of COVID-19 parsed
The strengths and vulnerabilities of key sectors either muted or accentuated COVID-19’s regional economic impacts, and the pace of recovery is also projected to vary across Canada.
Flood preparedness in Canada graded C
Canada’s provinces and territories received a grade of C on flood preparedness, following a two-year national study completed in 2019.
Slumping confidence in office sector dynamics
Confidence in industrial markets has also slipped since 2020 began, but still hovers on the up side of neutral on both sides of the Canada-U.S. border.
Challenger rising among Halifax office nodes
The downtown office vacancy rate surpassed 20 per cent, while Dartmouth Crossing enjoyed a 768 basis point drop in vacancy, pushing the rate below 12 per cent.
Saskatchewan enshrines remote witnessing option
Emergency regulations were initially intended to enable land title registry, delegation of power of attorney and filing of wills in accordance with required public health protocols.
Unallocated CECRA funds behind August extension
As of July 30, it’s reported that 63,000 qualifying businesses or not-for-profit organizations had been collectively approved for about $613 million in commercial rent relief.
Calgary’s $2.5 billion Alpine Park breaks ground
Construction has begun on Alpine Park, a $2.5-billion community in Calgary. The project is a 646-acre, next-generation greenfield development.
Galleria on the Park breaks ground
A socially-distanced ground-breaking ceremony took place for Galleria on the Park—the mixed-use community that will rise on a 20-acre site in Toronto.
Hotel recovery relies on impulsive staycationers
Following what’s characterized as the most difficult quarter yet recorded for Canadian hotel owners and operators, industry analysts are tracking the arduous climb back from the early April trough.
Investment deal resumption foreseen for Q3
Static cap rates reflect limited transactions in the second quarter of 2020, but commercial real estate analysts express confidence that asset values are holding under COVID-19-related pressures.
Mass timber office tower T3 Bayside begins to rise
Starting its ascent in the Bayside Toronto community last week, T3 Bayside will bring 251,000 square feet of mass timber office space to the eastern waterfront.
CBRE Caledon invests in 12 Vantage data centres
CBRE Caledon acquired a stake in a $3.5-billion portfolio of 12 purpose-built high-quality data centres based in North America.



