Retail

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.
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.
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.
B.C. ponders commercial space for cannabis use

B.C. ponders commercial space for cannabis use

Newly released findings from British Columbia’s public consultation on cannabis lounges unsurprisingly confirm that recreational cannabis users are most likely to find the concept appealing.
Food-anchored retail tops CREinvestment menu

Food-anchored retail tops CRE investment menu

Food-anchored retail plazas remain a staple on the commercial real estate menu, again emerging as the preferred asset type in Altus Group’s survey of Canadian investment trends in Q2.
Property tax relief looks iffy in New Brunswick

Property tax relief looks iffy in New Brunswick

Beginning in 2023, municipalities will have flexibility to pull more revenue from their non-residential tax base, potentially cancelling out a phased 15 per cent reduction in the provincial property tax rate that was introduced this year.
Commercial leases attract political attention

Commercial leases attract political attention

Both the NDP and Green parties float concepts for standardized lease agreements and rent control guidelines in their recently released platforms for the June 2 Ontario election..
multifamily rent slippage deemed temporary blip

Multifamily rent slippage deemed temporary blip

Multifamily assets posted the largest year-over-year decline in net operating income among the four major sectors in the Canada Annual Property Index, while delivering a 7 per cent total return on investment for 2021.
Stricken asset classes shaking off COVID

Stricken asset classes now shaking off COVID

Office and retail were diagnosed as stricken asset classes early in the pandemic, but after 20 months on the disabled list, conventional venues for labour and shopping are rallying to fight for market share.
Post-CERS property expense relief announced

Post-CERS property expense relief announced

A new iteration of property expense relief will be more bountiful for many recipients than recent payouts of the Canada Emergency Rent Subsidiary, but fewer commercial tenants or owner-occupiers will qualify.
CERS uptake falls short of potential

CERS uptake falls short of potential

Removing landlords from the application process hasn’t necessarily made the Canada Emergency Rent Subsidy (CERS) more accessible for commercial tenants experiencing pandemic-related financial stress.
building technology

How to optimize building technology management

Leveraging appropriate service technology and integrated service tools can ensure buildings are safe and properly maintained. 
COVID-19 clips 2020 investment performance

COVID-19 clips 2020 investment performance

A ten-year run of capital growth abruptly reversed, resulting in a 7.8 per cent loss of value across the 2,356 assets that the 44 portfolios represented in the Canada Annual Property Index hold.
Multifamily assets outperform the 2020 national average total return for the Canada Property Index

Multifamily assets surpass 2020 index average

Newly released 2020 investment results find industrial and multifamily assets on the positive side of the national average total return for 2,356 directly held standing assets, which registered -4.1 per cent.
Grocery-anchored retail stands out positively among other retail investment properties

Grocery-anchored retail deemed a best buy

Beyond stores selling essential goods, bricks-and-mortar retail is reeling from COVID-19-triggered public health controls and watching its already gaining competition grow even faster than projected.
CERS draft legislation outlines new commercial rent relief program

CERS draft legislation awaits adoption

CERS will deliver direct rent support to qualifying tenants without the need to work though their landlords. As a direct subsidy, unlike CECRA, no loan agreement is required.