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Industry News

Commercial rent assistance pledged

The envisioned loan program for commercial property owners would enable them to provide small business tenants with rent discounts or forgiveness for the months of April, May and June.

Opinions on remote work become more favourable

A majority of surveyed corporate real estate executives are planning for a phased return of their workforces once public officials within their jurisdictions lift COVID-19 related stay-at-home orders.

Flood response to rely more on independent action

COVID-19 health protocol is sure to complicate flood response and cleanup in commercial and multi-residential buildings in the coming months, particularly if evacuation is required.

Traffic intensifies on migratory songbird flight path

Advocates for bird-friendly lighting practices and building design recommend some adjustments to the special lighting displays now popping up on the urban landscape.

Steering the journey back to business as usual

As property managers look to both industry associations and professional service providers for support to navigate COVID-19 upheaval, REMI Network is bringing the three groups together for webinar-based sharing of insight.

Deferrals should address GST/HST remittances

Tax specialists are reminding commercial landlords that rent deferrals could have flow-through implications for required GST/HST remittances to the Canada Revenue Agency.

Significant turbulence upends Q1 outcomes

Office landlords could be focused on issues around rent deferrals and mechanisms for payment support well into Q2, while social distancing imperatives have accentuated somewhat diametrical trajectories for industrial and retail properties.

Convenience retail channel steps up to crisis

A vast network of small and mid-sized businesses support the continued functioning of daily life in Canada.

Coronavirus will accelerate CRE trends

The coronavirus outbreak will accelerate trends that had been forming in commercial real estate (CRE) and cause dramatic changes in the industry.

Individual actions drive digital Earth Day 2020

This year’s 50th anniversary event is already in progress, in homes and online, as organizers launched 22 days of daily challenges for promoting climate change resilience on April 1.

Canadian hotel industry draws troubleshooters

Real estate, legal and financial services providers have come together to offer support and work their networks on the hotel sector's behalf during the COVID-19 crisis.

Security agency pledges hourly wage increase

Security personnel on the Commissionaires Canada payroll in Ontario can expect an hourly wage increase of $2 effective April 6, reflecting their current status as essential provincial workers and the front line pressures they are facing.

Global COVID-19 response group launches

The Royal Institution of Chartered Surveyors (RICS), the International Facility Management Association (IFMA) and Leesman are joining forces to build a global pan-industry response group

Schedules for property tax payments in flux

Late penalties for Toronto property tax, water and solid waste utility bills have been suspended until mid-May, while ratepayers get an additional 60 days to make tax payments. Mississauga has added 90 days to its tax payment deadlines.

Multifamily and retail stability on priority list

Some of Canada’s most prominent commercial real estate players are tackling the challenge of COVID-19, asset class by asset class.

Community mall operator unveils CRU relief plan

Small tenants in 12 of North American Development Group’s community shopping centres may be eligible to defer rent obligations for up to two months.

Hotels brace for steeply sliding RevPAR in Q2

Already, it’s projected that the COVID-19 hit on hotels will be more severe than the combined losses following the 2001 terrorist attacks in the U.S. and 2008 economic crisis.