Management

ESG metrics inform range of CRE stakeholders

Range of CRE stakeholders demand ESG metrics

Canada’s leading commercial real estate players are increasingly turning to ESG metrics to track responsiveness to a range of emerging risks and business imperatives.
Canada to pursue energy efficiency improvements

Canada to pursue energy efficiency improvements

Canada has joined 44 other national governments, worldwide, in endorsing the International Energy Agency's push for a 4 per cent annual reduction in energy intensity by 2030
Trophy office towers widening gap from the pack

Trophy office towers widening gap from the pack

Trophy office towers could be anchored atop the market for the long term as the past decade’s wave of new building subsides and little further development is anticipated.
Office building values still trending downward

Office building values still trending downward

Appraisers generally expect office building values to keep slipping over the course of 2023 as a range of factors undermine cash flow, push up cap rates and make investors skittish.
Multifamily asset values hold steady

Multifamily asset values hold steady

Multifamily asset values appear to be holding steady, but transaction volume plummeted in the first quarter of 2023.
Ontario offers bonus incentives on retrofits

Ontario offers bonus incentives for retrofits

Bonus incentives for energy efficiency upgrades will be available to select commercial and multifamily landlords and condominium corporations in Ontario during the second and third quarters of 2023.
Ontario awaits patchy debut of discount power

Ontario awaits patchy debut of discount power

Most condominium corporations and rental housing landlords will need to make capital investments in energy storage to realize the benefits of Ontario's ultra-low overnight electricity rate.
Sustainable finance products clear path to 2050

Sustainable finance products forge way to 2050

Sustainable finance products, are expected to increasingly come into play as building owners/managers pursue decarbonization and look to bolster the climate resiliency of their properties.
Cooling deemed key amenity for Ontario renters

Cooling deemed key amenity for Ontario renters

Conceptually, the proposed rules establish air conditioning as a protected option that tenants cannot be prevented from obtaining rather than an essential that landlords would be compelled to supply.
REITs unexpectedly tapped for new tax measure

REITs unexpectedly tapped for new tax measure

Advocates for the Canadian commercial real estate industry are asking the federal finance department to clarify why real estate investment trusts have been included in a pending new tax measure.
Inadvertent blocks on commercial deals lifted

Inadvertent blocks on commercial deals lifted

Regulatory amendments to Canada’s Prohibition on the Purchase of Residential Property by Non-Canadians Act address inadvertent impacts on commercial transactions and property development.
Canadian buildings scrutinized in OECD review

Canadian buildings scrutinized in OECD review

As part of a biennial review and benchmarking of Canada’s economic performance, a new OECD report looks at progress toward the interim 2030 target and 2050 goal for net-zero carbon emissions.
Department store drain continues

Department store drain continues

Nordstrom Canada’s sudden swoosh into the department store drain will leave empty anchor space in some of the country’s top-performing and most prestigious regional malls.
Dim future for fluorescents and metal halides

Dim future for fluorescents and metal halides

Fluorescents and metal halides will be further marginalized in the lighting market with pending amendments to Canada’s regulations governing products containing mercury.
Accessible public bathrooms show bad form

Accessible public bathrooms show bad form

Low-cost investments and practical adjustments to the configuration of fixtures could improve safety, convenience and assurance for people with disabilities.
New oversight regime set for Ontario elevators

New oversight regime set for Ontario elevators

A new oversight regime for Ontario’s elevators and escalators will come into force on March 1, bringing shorter timelines for rectifying an extensive list of designated high-risk deficiencies.
CRE's professional profile hinges on retention

CRE’s professional profile hinges on retention

An uptick in women and people of colour in the junior and mid-level ranks of commercial real estate belies the leakage of underrepresented groups higher on the career ladder.