Industry News
Strong office rent growth foreseen for Toronto
That follows double-digit increases last year when Toronto was dubbed one of the "stand out performers" among major global cities, along with Boston and San Francisco.
Gender-diverse boards produce more innovation
New research found that companies with more women on their boards produced a greater number of innovative patents.
Toronto development nabs Google headquarters
The newly inked deal with developer, Carttera, will see the digital technology giant consolidate its current offices in the Greater Toronto Area into 400,000 square feet in the city's St. Lawrence neighbourhood next year.
New metric to peg portfolio warming potential
A new package of analytical tools identify and track asset exposure to climate risk, aligned with the steady adoption of the Task Force on Climate-related Financial Disclosures by global financial institutions.
Cadillac Fairview reveals proposed tower design
Cadillac Fairview has submitted a development permit application for its proposed office tower, The Crystal at Waterfront Square in Vancouver.
Ontario workplace inspectors launch safety blitz
Ontario workplace inspectors are now visiting construction sites across the province, targeting personal protective equipment.
Landa plans mixed-use community in Richmond, B.C.
Landa Global Properties has bought a 3.5 acre property in Richmond, B.C, with plans for housing, retail and a hotel.
Deal-making functions migrate to proptech
Survey respondents foresee technology-enabled multifamily co-living will be the most significant disruptor to the status quo, while trends like office co-working, retail brandbox and industrial flex space cause upheaval in the other property sectors.
B.C. pilot project benchmarks carbon emissions
Four British Columbia Lower Mainland cities have launched a pilot project designed to help building owners and managers to benchmark carbon emissions.
Housing to launch Square One District build-out
The first pieces of an envisioned 130-acre new mixed-use community adjoining Mississauga's Square One Shopping Centre should be underway later this year.
Edmonton’s Manulife Place to be redeveloped
Manulife Investment Management is undertaking a $30 million redevelopment of Manulife Place in the heart of Edmonton's downtown core.
Remote working a growing perk in Canadian offices
Less than half of companies in Canada provide work-from-anywhere options for their employees, according to a new survey .
2020 prospects judged upbeat, but uneven
Canada's major office and industrial markets present a more uneven picture to brokers and analysts in this country than their contemporaries in the United States see when contemplating 2020 prospects south of the border.
New BOMI entity promises seamless transition
BOMI Education Canada is the newly launched delivery agent for training and designations for commercial property professionals, assuming the role the Building Owners and Managers Institute of Canada previously fulfilled.
Steady office and industrial momentum foreseen
Analysts foresee relatively static office vacancy and rental rates over the coming year, while industrial market dynamics are expected to be similarly consistent and optimistic.
Gateway Casino to merge with Leisure in $1.5B deal
Vancouver’s Gateway Casinos & Entertainment Limited has agreed to merge with Leisure Acquisition Corp. The deal is valued at C$1.5B.
Mark Gifford named CEO of REFBC
Mark Gifford has been named the Real Estate Foundation of BC (REFBC)’s new chief executive officer, taking over for longtime CEO Jack Wong.



