Industry News
Climate projections show Ottawa will get warmer, wetter
Ottawa will continue to get warmer and wetter year-round, with a greater chance of extreme weather, according to recent climate projections.
Saskatchewan invests $80M in construction, renewal of long-term care facilities
The government of Saskatchewan is investing more than $80 million into its long-term care facilities, including $7.2 million for maintenance projects.
Colliers: CRE rent collection on downward trend
Colliers Canada reveals that 16 per cent of commercial tenants paid no rent in May 2020 as rent collection continues to decrease.
Most Canadians support digital contact tracing
A new report from Ryerson University found the majority of Canadians support using a mandatory contact tracing app to go to work or take public transit.
Ontario to amend Commercial Tenancies Act
Following similar actions in B.C. and Alberta, the Ontario government will temporarily halt evictions of tenants eligible for Canada Emergency Commercial Rent Assistance (CECRA).
Alberta pledges to halt commercial evictions
The announcement accompanies a promise to disperse grants of up to $5,000 to help businesses and non-profit organizations with the costs of relaunching after COVID-19-triggered shutdowns, but few details are yet available.
Enabling Accessibility Fund opens for proposals
A new flat-rate costing formula will replace the previous requirement to submit construction quotes and other budget information. Instead, applicants can match their proposals to standardized specifications.
Scotia Plaza marks zero carbon building milestone
Scotia Plaza's 40 King St. West building in Toronto has become the largest certified zero carbon building in Canada at more than 1.5 million square feet.
Commercial landlords decry blame shifting
REALPAC characterizes the landlord-tenant dynamic as a chain of economic stress, with many commercial landlords likewise suffering a drop in revenue and financially beholden to their lenders.
Proposed 87-storey Toronto tower would be Canada’s tallest
Dutch developers have appointed Herzog & de Meuron and Quadrangle to design a mixed-use Toronto tower that would reach 87 storeys high.
Equinix stretches its Canadian digital reach
The $1.04 billion deal will see Equinix acquire 13 data centres and more than 600 Bell customers from BCE Inc.
B.C. invokes terms for CECRA-eligible landlords
The move is in step with one of three recommendations the Canadian Federation of Independent Business is promoting to support businesses dealing with COVID-19-triggered financial stress.
PEI enters third phase of reopening plan
PEI's third phase of reopening includes pools, gyms, arenas, restaurants with dine-in service, and some personal services providers.
Manitoba’s gyms, community centres among businesses reopening
As of June 1, restaurants, seniors centres, and other Manitoba businesses are reopening under phase two of the province's plan.
Ontario nudges up electricity price threshold
As of June 1, residential, small business and farm customers will pay at a rate of 12.8 cents per kilowatt-hour (kWh) in place of 10.1 cents/kWh.
BOMA BC celebrates excellence with virtual awards
BOMA BC celebrated top companies in the commercial real estate industry with its first virtual awards event:an online Zoom “Awards Happy Hour."
Property tax relief for Toronto’s live music venues
Property tax relief is available for Toronto’s live music venues though the newly expanded Creative Co-Location Facilities Property Tax Subclasses.



