Industry News
Construction on LAC’s preservation facility begins
Library and Archives Canada (LAC) has begun construction on its new 12,900 square-metre preservation facility in Gatineau.
Royal Ontario Museum opens new terrace and plaza
The Helga and Mike Schmidt Performance Terrace and the Reed Family Plaza mark the final phase of the ROM’s Welcome Project.
Hotels abandoning miniature toiletries
Switching to bulk-size amenities is the hotelier's effort to reduce plastic pollution worldwide.
Complacency could cost Montreal property owners
Proposed changes to Quebec's Act Respecting Municipal Taxation will tighten the timeline for disputing the property values ascribed to smaller apartment and commercial buildings assessed at less than $3 million.
1 Hotel announces Canadian debut
1 Hotel Toronto is set to open summer 2020.
Tech hub, O Mile-Ex sold to Spear Street Capital
Canada's biggest artificial intelligence hub – O Mile-Ex – has just been sold to Spear Street Capital, a San Francisco based real estate fund that develops buildings for companies active in tech.
Bloor-Yorkville most expensive retail corridor in Canada
Toronto’s Bloor-Yorkville retail corridor is the most expensive in Canada and the fifth priciest in North America according to JLL's City Retail 2018 report.
Brookfield’s green preferred units “on trend”
Brookfield Property Partners is targeting USD $250 million to invest in green certified buildings and upgrades through the issuance of 10 million perpetual green preferred units.
NRCan provides funding for TRCA’s new building
The funding is contributed as part of Natural Resources Canada’s Green Construction Through Wood (GCWood) program, which aims to encourage greater use of wood in construction projects.
NB confers on industrial property assessment
A standing committee of New Brunswick's legislative assembly is exploring whether equipment and machinery used in manufacturing and industrial processes should be factored into the assessed value of the property.
Crown Realty buys first property in Ottawa
Crown Realty Partners (Crown) has acquired 1525, 1545 and 1565 Carling Avenue, its first property in the nation's capital.
Anthem acquires 220 Bay Street in Victoria
Anthem Properties Group Ltd. and its partners have acquired a retail and office building on a 2.6 acre site in Victoria, B.C.
Allied and Westbank announce plans for 720 Beatty Street
Westbank will manage the property on completion.
Holloway announces sale of hotels in Nova Scotia
Holloway Lodging Corporation owns 28 hotels with 3,121 rooms.
Carbon pricing reappears on Ontario gas bills
Carbon pricing has been reinstated on Ontario's natural gas bills 10 months after utilities were instructed to remove the levy that the provincial government has been seeking to quash.
Halifax office vacancy dips for second year in a row
This drop came despite an uptick in the vacancy rate in the downtown Central Business District (CBD), which saw a modest increase.
Deal values stay in line with retail appraisals
Transaction data from 2018 direct sales does not validate grumbling about the dissonance between REIT pricing and the appraised values of retail properties.



