Canadian Property Management - Industry News
REMI

Industry News

tariffs

U.S. tariffs will reduce growth in every province, analysis finds

New research examines the pain of U.S. tariffs and emphasizes the need for more east-west/west-east trade.
Parking tax to jump 5% in Greater Vancouver

Parking tax to jump 5% in Greater Vancouver

British Columbia's new released 2025 budget includes increases to the TransLink parking tax and the provincial vacant unit tax.
Deadline for B.C.'s retrofit tax credit extended

Deadline for B.C.’s retrofit tax credit extended

Commercial and multifamily landlords in British Columbia will have an extra year to complete upgrades that qualify for the provincial clean buildings tax credit.
Wastewater energy transfer flush with potential

Wastewater energy transfer flush with potential

A major wastewater energy transfer project is set to come on line at Toronto Western Hospital later this year, supplying heating and cooling through thermal energy exchange technology.
Alberta

Education property tax up 6.4% in Alberta

Commercial ratepayers in Alberta are in line for a 6.4 per cent increase in their education property tax burden for 2025-26.
Princess Auto

Princess Auto to build new warehouse in Alberta

The design-build industrial warehouse will be located at Stoney North Logistics Centre.
CAO

Daniels opens accessibility standards to the industry

The standards set new benchmarks beyond the Ontario Building Code requirements for accessibility in housing.
BCI bids for global firm's infrastructure assets

BCI bids for global firm’s infrastructure assets

Luxembourg-based BBGI Global Infrastructure's holdings include the Golden Ears Bridge in B.C.'s Fraser Valley, and Women's College Hospital in Toronto.
New financing option for Indigenous investment

New financing option for Indigenous investment

Caisse de dépôt et placement du Québec and the Mohawk Council of Kahnawà:ke are partnering to finance Indigenous involvement in renewable energy infrastructure projects in Quebec.
Capacity for renewable power generation grows

Capacity for renewable power generation grows

Canada-wide capacity for renewable power generation from wind, solar or energy storage inputs has grown by nearly 7,600 megawatts, or 46 per cent, since 2019.
tariffs

Retaliatory tariffs loom for buildings sector

Canada’s first round of proposed retaliatory tariffs on U.S. imports includes a range of building materials and furnishings, and equipment and products used in operations, maintenance and housekeeping.
Tax reprieve for investment property vendors

Tax reprieve for investment property vendors

Reversion to a 50 per cent capital gains inclusion rate will deliver higher returns than vendors might have expected on investment property sales since June 25, 2024.
Commercial HVAC on demand response radar

Commercial HVAC on demand response radar

Commercial HVAC controls are expected to return a sizable reduction in Ontario’s peak electricity loads for a relatively small injection of incentive funding.
Nova Scotia awaits gust of wind power generation

Nova Scotia awaits gust of wind power generation

Nova Scotia has procured 625 megawatts of wind power generation and signed up 11 large-scale electricity customers for the pending clean energy supply.
BOMA BEST Sustainable update takes effect Feb. 1

BOMA BEST Sustainable update takes effect Feb. 1

BOMA BEST Sustainable version 4.1 will introduce minor modifications to the assessment and benchmarking program for existing buildings as of Feb. 1, 2025.
MPAC assistance needed to enable parking levy

MPAC assistance needed to enable parking levy

Toronto would need the Municipal Property Assessment Corporation's assistance to accurately implement a new commercial parking tax, and the agency hasn't yet committed to participate.
Tariff threats cloud investment outlook

Tariff threats cloud investment outlook

Tariff threats bring a new source of hesitation to what had been an expected pickup in commercial real estate investment activity in 2025.