Canadian Property Management - Industry News
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Industry News

Primaris to trade three enclosed shopping centres

Primaris to trade three enclosed shopping centres

Primaris Real Estate Investment Trust is set to pump up its holdings with major acquisitions in Ontario and Alberta, with its first disposition of an enclosed mall to follow soon after.
Memorial University rebuked for slipshod FM

Memorial University rebuked for slipshod FM

A scathing report from the Auditor General of Newfoundland and Labrador examines facilities management oversight and the backlog of deferred maintenance at Memorial University.
More deals but less industrial uptake in 2024

More deals but less industrial uptake in 2024

Nearly 35.5 million square feet of new industrial supply came onto the market across 15 Canadian regions in 2024, as the year saw negative absorption and a climbing national vacancy rate.
Manulife

Manulife Place set for a $45M redevelopment

The Manulife Place office tower in downtown Edmonton is set for a $45 million redevelopment by Epic Investment Services.
Easy reference of refrigerant status launched

Easy reference for refrigerant status launched

A new interactive map gives online searchers easy reference to the regulatory status of mildly flammable refrigerants across Canadian jurisdictions.
Office leasing makes national gains in 2024

Office leasing makes national gains in 2024

Office leasing activity ticked up by 2.6 million square feet across 10 major Canadian markets in 2024, marking the first year of national positive net absorption since 2019.
Net-zero targets could face integrity test

Net-zero targets could face integrity test

Companies could now run afoul of Canada's Competition Act if they publicize plans to reduce greenhouse gas emissions without properly mapping out how they will achieve those targets.
building

Federal funding to boost building codes in P.E.I.

The investment will help adopt stronger building codes in all types of buildings and deliver more affordable energy.
Vrancor Group to redevelop Niagara Falls hotel

Vrancor Group to redevelop Niagara Falls hotel

Ontario-based Vrancor Group has acquired the 232-room Radisson Hotel & Suites in Niagara Falls with plans to undertake a comprehensive renovation and relaunch.
Feds launch Indigenous loan guarantee program

Feds launch Indigenous loan guarantee program

The newly launched federal Indigenous loan guarantee program is meant to counter historical obstacles that prevent reserve lands from being used as collateral to obtain private capital.
Indigenous Gaming Partners complete first deal

Indigenous Gaming Partners completes first deal

Indigenous Gaming Partners, a newly formed partnership of five Nova Scotia-based First Nations and Sonco Gaming Inc., has acquired PURE Canadian Gaming and its portfolio of four Alberta casinos.
data centres

Alberta devises strategy for building AI data centres

The province of Alberta hopes to become the most attractive place in North America for building AI data centres.
New look proposed for Ontario security guards

New look proposed for Ontario security guards

Ontario's Solicitor General is considering new stipulations for private security uniforms and vehicles to create greater visual distinction from police forces.
Ontario looks to unravel conservation easements

Ontario looks to unravel conservation easements

A proposed amendment to the Ontario Heritage Act could make it easier to extract developable parcels from properties that have a conservation easement registered on the title.
More Ontario agencies to drop realty functions

More Ontario agencies to drop realty functions

The Ontario government is continuing to centralize realty functions within the Ministry of Infrastructure, with 12 additional provincial agencies now tapped to hand over their autonomy.
Energy savings trail Canada's 2030 targets

Energy savings trail Canada’s 2030 targets

The Canadian government has fallen behind on its objective to facilitate 600 petajoules of annual energy savings as it advances toward a 2030 interim target for reducing greenhouse gas emissions.
Alberta

Property reassessment still on hold in Ontario

Ontario’s fall economic statement confirms that property reassessment is still on hold, but a small tweak is in the works to alleviate the tax burden on some student housing projects.