Canadian Property Management - Industry News
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Industry News

Leased GTA commercial space dips: TREB

The Toronto Real Estate Board reports a large decrease in leased industrial, commercial, retail and office space for August 2015 compared to August 2014.

2015 GRESB results plot improved green status

Results for 2015, released Sept. 2, provide an overview of 707 real estate organizations encompassing 61,000 properties worldwide, collectively valued at U.S. $2.3 trillion.

T.O. office market ripens beyond downtown core

Toronto's office market is growing beyond the downtown core as creative-class needs increase and financial industries expand.

Manitoba pledges to remove accessibility barriers

Manitoba has announced plans to lead the way on removing accessibility barriers in services and programs by the end of 2017.

Traffic spike at Van. port boosts industrial sector

High industrial occupancy and demand at Port Metro Vancouver has propelled Canada’s largest seaport to be a leading port in North America.

WSP Global to acquire MMM Group

WSP Global Inc. has announced it will acquire MMM Group, a private engineering services firm specializing in large-scale, complex P3 projects.

Stern Partners closes on Comark retail portfolio

Vancouver-based Stern Partners Inc. has completed the acquisition of Comark Inc., a Canadian specialty fashion retailer.

Calgary cap rates take divergent trajectory

With a few notable exceptions, cap rates remained stable or declined for most property types and classes in Canada's major real estate markets during the first half of 2015.

BOMA Québec to host 25th annual BOMEX

The host city exemplifies the theme — History Forms. Technology Transforms — of this year's 25th annual BOMEX, bringing together Canada's 11 local chapters of the Building Owners and Managers Association.

Evton Capital Partners sells Yonge St. portfolio

Evton Capital Partners has sold three class-B office buildings on Yonge Street in downtown Toronto to a pension plan backed buyer.

Centre Village Mall undergoes record upgrade

Centre Village Mall in Alberta, is planning the largest redevelopment in its 45 year history with a capital investment totaling more than $26 million.

Ont gas utility offers summer bonus incentives

As summer ebbs, commercial natural gas customers in eastern, northern and south western Ontario can still take advantage of seasonal bonus incentives on air curtain equipment

Henday Industrial Park signs first major tenant

Alberta-based Henday Industrial Park has signed on Brock White Canada Company (Brock White) as its first major tenant.

Record hotel transactions reported in Canada

Hotel transactions in Canada reached more than $915 million during the first half of 2015 and exceeded the 2007 record.

Standard facilitates smart grid communication

The term "facility" broadly encompasses residential, multi-residential, industrial, commercial and institutional buildings, while the standard focuses on the common characteristics of energy loads interacting with the smart grid.

GTA commercial sales and leases down in July

In the GTA, the total number of commercial space leased and sold declined on a year-over-year basis in July.

Westbank joins Allied for T.O. redevelopment

Westbank is partnering with Allied Properties in the redevelopment of 489-539 King Street West in Toronto