Properties

Ontario retailers probe alcohol sales viability

Ontario retailers ponder alcohol sales viability

Leases and logistics will be major factors in whether Ontario retailers can act on pending flexibility to sell beer, wine, cider and ready-to-drink alcohol-infused beverages in grocery and convenience stores.
Alberta to tighten grip on public sector facilities managers

Alberta to tighten grip on public sector FMs

The Alberta government is moving to tighten its grip on public entities that are defined as “creatures of the province,” yet have conventionally had leeway to seek and accept direct federal investment.
Defaulted real estate loans on the upswing

Defaulted real estate loans on the upswing

Many creditors and debtors are now grappling with the fallout from a largely unexpected change in market conditions over the course of their loan agreements.
Taxing debate awaits Toronto commercial parking

Taxing debate awaits Toronto commercial parking

Debate about a proposed surcharge on commercial parking spaces in Toronto has been deferred until City Council begins to consider 2025 budget measures.
Exposure to U.S. office loans grows unsettling

Exposure to U.S. office loans grows unsettling

Regional and mid-sized banks in the United States are considered most vulnerable to losses on commercial real estate loans, particularly those tied to that country’s shaky office sector.
State of good repair lags in Toronto

State of good repair lags in City of Toronto

Toronto is backsliding on the upkeep of municipal facilities, with a state of good repair backlog that’s projected to surpass $1 billion this year and then continue accumulating to nearly $1.47 billion by 2033.
Investment returns show slipping values in 2023

Investment returns show slipping values in 2023

Canadian investment returns for 2023 show retail improvement, industrial deceleration and continuing office value decline, as capital loss balances out income growth for a flat total return.
Vancouver boasts all-asset lowest vacancy rates

Vancouver boasts all round lowest vacancy rates

Vancouver enjoys North America’s strongest demand across all asset types, ending 2023 with the lowest vacancy rates for industrial, office, multifamily and retail properties among 63 major urban markets.
Lenders set to curtail office exposure in 2024

Lenders set to curtail office exposure in 2024

Lenders generally expect to curtail office exposure while increasing overall allocations to Canadian real estate in 2024, findings from CBRE Canada's annual survey reveal.
Commercial ratepayers carry heftier tax share

Commercial ratepayers carry heftier tax share

Commercial ratepayers took on a larger share of the property tax burden in eight of 11 large Canadian cities this year, with 2023 commercial tax rates more than tripling residential tax rates in six of those cities.
Tech finds highly competitive options in Canada

Tech finds highly competitive options in Canada

Eight Canadian cities rank among the top 50 North American markets for fostering tech employment, with Toronto, Vancouver, Montreal, Ottawa, Waterloo Region and Calgary all placed in the top half of the list.
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 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.
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.
Waste biomass generation tapped for tax credit

CRE awaits spinoffs of new provincial spending

Quebec and Ontario have announced investment incentives that could have implications for land deals and/or technologies and products that commercial real estate uses.