Canadian Property Management - Industry News
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Industry News

Allied to buy three ‘strategic’ Toronto assets

Allied Properties Real Estate Investment Trust (Allied) has agreed to purchase three Toronto assets for $101 million.

Employees demand hygienic, smart workspaces

Employees are demanding more intelligent and hygienic workplaces, and are more open to connecting devices related to hygiene, states a new report from Tork.

Ontario revs up ultra-high speed internet access

Homes and businesses in more than 300 communities across southwestern Ontario will soon have access to ultra-high speed internet.

CaGBC offers free LEED certification in Fort Mac

Canada Green Building Council is offering free LEED registration and certification for commercial, institutional and residential projects in Fort McMurray.

Calgary and Toronto office markets see-saw

Positive absorption in Toronto roughly matched the 1.3 million square feet of space vacated in Calgary's office market during the first half of 2016.

Scotiabank to move into Brookfield Place Calgary

Brookfield Canada Office Properties plans to lease 140,000 square feet of space at Brookfield Place Calgary to Scotiabank, beginning late 2017.
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Q2 shows growth for LEED v4 registration

LEED v4 registration was up during Q2, with four new projects registering under the latest version of the rating system,

RioCan to buy CPPIB’s interest in four properties

RioCan is acquiring interest in four properties across the country that Canada Pension Plan Investment Board currently co-owns.

Germany tops energy efficiency scorecard

No country is a candidate for the Dean's list, but Germany tops the rankings of 23 countries that account for three quarters of world energy consumption with a score of 73.5 out of 100. The average score is 51, although eliminating Saudi Arabia's exceptionally low performance would push it up to 53.

Toronto market readies for new office space

Toronto's downtown office vacancy rate sits at 6.3 per cent midway through 2016, while the 8.4 per cent availability rates reflects tenants preparing future moves to the more than 3.5 million square feet of new office space now under construction.

Omni King Edward to restore iconic ballroom

The Crystal Ballroom in Toronto’s historic Omni King Edward Hotel will undergo a $6.5 million restoration beginning August 2016.

Ontario unveils electric vehicle charging sites

Two fast food purveyors are the most prominent on the list of 24 public and private sector partners chosen to accommodate 485 new electric vehicle charging stations.

Environmental performance indicators surveyed

A companion metric to the Global Real Estate Transparency Index, the Sustainability Transparency Index uses a different scoring system tied to the availability of voluntary or compulsory methods of demonstrating a building's energy and environmental performance.

Anthem and Crestpoint form CRE partnership

Anthem Properties Group and Crestpoint Real Estate Investments have teamed up to co-own a portfolio of 11 shopping centres located in B.C. and Alberta.

Vancouver at epicentre of record low cap rates

Vancouver and Toronto markets capture a large share of Q2 investment action, while multifamily, office and industrial are favoured property types.

ReDev Properties renews major leases in Regina

ReDev Properties has renewed seven key leases in Regina, ensuring long-term retail commitment for one of the city's top commercial properties, Quance Plaza.

Vacancies rise, rents fall in downtown Calgary

Analysts expect landlords to hold a harder line on rents once they take back a greater portion of the nearly 3.8 million square feet of sublease space now available in the downtown office market.