Risk Management

GBAC STAR grant

New GBAC STAR grants program now available for facilities

The grant offers qualifying facilities a chance to help offset the costs of the GBAC STAR accreditation program and a free 6-month trial of a cleaning task management software.
summer peak demand unexpected in electricity system models

COVID-19 confounds electricity system models

After scrambling to recalibrate their models in the early days of COVID-19-related shutdowns, analysts with Ontario's Independent Electricity System Operator faced more uncharted territory when the hot weather arrived.
Quebec landlords and tenants ensnared in pandemic-related litigation

Pandemic-related litigation brewing in Quebec

Commercial real estate specialists are noting a recent Quebec superior court decision with interest, suggesting it could become a beacon for other tenants seeking rent relief.
transparency metrics for real estate investors

COVID-19 expected to drive transparency metrics

Canada once again places in the top tier of “highly transparent” nations in the newly released 2020 edition of the JLL/LaSalle Global Real Estate Transparency Index.
Public transit wariness

Public transit wariness makes the core edgy

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.

GBAC STAR accreditation to steer reopenings

The new GBAC STAR accreditation program is taking the complication and uncertainty out of reopening large Canadian commercial facilities.
Solid pre-pandemic fundamentals underpin Canadian real estate market

Solid pre-pandemic fundamentals buttress market

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.
COVID-19's black swan prompts rollout of business continuity and recovery plans

Black swan triggers business continuity plans

Commercial real estate operators are seeking advice across a wide spectrum of expertise as they deploy their crisis management, business continuity and recovery plans.
surety association

Smart buildings harnessed for pandemic response

While climate change may have slipped somewhat from people’s consciousness and priorities right now, it’s noteworthy that the pandemic and climate crises are both problems of exponential growth against a limited capacity to cope.
redemption gates

Property funds possess stabilizing mechanisms

REALPAC’s recent survey of 15 Canadian open-end real estate funds offers insight into when and why fund administrators would suspend the ability for investors to redeem their holdings.
criminal trespass

Alberta cracks down on criminal trespass

Along with measures to discourage spurious lawsuits, the legislation has implications for commercial real estate operators and any organization with potential scofflaws among its employees or membership.
environmental approvals

Friendlier CHP environmental approvals welcome

It's still unclear how the process of securing environmental approvals for combined heat and power systems will be streamlined, but the Ontario government's recent pledge has been greeted enthusiastically in the buildings sector.
Climate risk profilers

Climate risk profilers wrangle fragmented data

A widening scope of resources can be tapped to build increasingly sophisticated risk profiles, but sustainability practitioners note that data is often fragmented and difficult to obtain.
climate change procrastinators

Climate change procrastinators urged to act

The mounting consequences of being stuck fast in the wrong place for an extended wrong time begin with soaring insurance premiums and end with stranded assets.
Ontario Fire Code

Ontario Fire Code to add steeper fine bracket

More stringent fines and an extended period for prosecutions are slated to come into force 30 days after the Ontario legislature adopts the Budget Measures Act.
prominent global real estate players

ESG guides prominent global real estate players

ESG provides a framework to set priorities, steer action and monitor progress toward more resilient assets, with 93 per cent of respondents reporting that criteria linked to sustainability, supporting local communities and shunning corruption influence their investment decisions.
clothing donation bins

Clothing donation bins may pose liability risk

Commercial property owners who host clothing donation bins could run afoul of their province's Occupiers Liability Act or Occupational Health and Safety Act should an incident occur.