There is plenty of uncertainty and little consensus on the economic outlook for Canada and the United States. It is becoming clear that it will not be a V-shaped recovery, and it is more likely to be uneven and prolonged.
Results of a wide-ranging survey show many major Canadian commercial real estate players braced for the erosion of consumer confidence, tenant solvency and their own investment returns.
Commuters’ willingness to jump on the bus, light-rail car or subway is expected to be a driving factor in repopulating office space in some major North American markets, including Toronto, Montreal and Vancouver.
Thus far, in most markets, there’s been no spurt of office sublets or rent discounts that conventionally signify an economic downturn, but there has been a flurry of conjecture about the forces COVID-19 may have unleashed.
The CECRA program is voluntary. Not all eligible landlords will necessarily take advantage of this program for various reasons.
Landlords and tenants are continuing to move lease transactions forward in anticipation of a return to business as usual in the near future.
The energy demand load has shifted in sync with much of Ontario’s workforce from commercial to home offices, prompting calls for suspension of time-of-use pricing during the current COVID-19 related upheaval
Venture 50 accolades are awarded based on three equally weighted criteria for one-year gains in share price, trading volume and market capitalization.
A 6.65 per cent average total return on the Canada Property Index's 2,723 directly held standing assets, scattered across eight major markets, cloaks significant variances between property sectors and from market to market.
Prominent Canadian asset managers recently recounted their experiences in repositioning underperforming properties, offering insight on turnaround logistics and the role value-add assets play in investment strategies.
Yorkdale Shopping Centre again takes the title of Canada's most productive mall in the Retail Council of Canada's annual analysis of shopping centres with more than 250,000 square feet of gross leasable area.
A scurry of people is criss-crossing paths in the newly renovated Yonge Sheppard Centre in North Toronto.
Newly adopted amendments to Alberta's Municipal Government Act extend provisions that were initially devised to support the rejuvenation of derelict brownfields to all non-residential properties.
A surging industrial sector helped to counterbalance slipping retail values and push up 2018 investment returns on Canadian commercial real estate.
The launch of a new four-year cycle in 2017 spurred a wave of assessment appeals as property owners reacted to often dramatic increases in value over the previous assessment.
Corporate tenants are increasingly demanding child care in their buildings to help female employees go back to work after maternity leave.
Flood season is arriving to regions across Canada, posing a significant risk to infrastructure, potential loss of life and pest-related health risks.