The commercial property tax rate is at least double the residential rate in eight of the 11 surveyed cities, with commercial ratepayers in Montreal, Toronto and Quebec City shouldering the most disproportionate shares.
Procore Technologies has announced Real-Time Construction Labor Productivity and Time and Material Tickets for specialty contractors
A promised $2 billion investment in large-scale building retrofits will be central to the Canadian government’s job creation ambitions. Energy efficiency champions have plenty of ideas of how and where the funds could be best leveraged.
The bulk of findings in the newly released Altus Group Global Property Development Trends Report are tied to opinions collected in early 2020 before COVID-19’s full hit landed in the world’s commercial real estate markets.
The World Trade Organization agreed with Canada that the U.S. conflated wholesale and retail electricity rates to arrive at its supposition that B.C. and Quebec hydro utilities overpaid for biomass power.
Market analysts typify a second quarter uptick in downtown sublet activity as a spurt, not a glut. However, they project the trend is likely to continue.
FPInnovations is receiving $1.3 million from the federal government to develop a biodegradable, sustainable filter for single-use face masks.
Hilti North America has unveiled a wearable exoskeleton that will help the construction industry tackle health, safety and labour shortage challenges.
The timing might have been opportune for uptake of the measure — provided it was adopted into provincial and territorial building codes — because it would have applied broadly in what is currently Canada’s most buoyant commercial real estate sector.
As a result of the severe economic shock caused by COVID-19, global construction output is expected to contract by 1.4 per cent in 2020.
Landlords and tenants are continuing to move lease transactions forward in anticipation of a return to business as usual in the near future.
A wider selection of high-performance windows and doors is expected to hit the market as Canada's National Energy Code continues to push the envelope toward net-zero-energy-ready development.
Technically, three real estate entities are ranked in the 2020 Clean200 list of publicly traded companies, but just two of them have conventional commercial real estate portfolios.
The defining features of open-end real estate funds are well matched to investors with long-term needs for stable, predictable returns, as seen in the largely institutional mix reported in the survey.
By 2030, global spending in construction is expected to touch $17.5 trillion, with China, the US, and India accounting for 57 per cent of all global growth.
Market pressure and industry competitiveness could propel accessible commercial real estate in the coming decade, much the way those complementary forces have already bolstered energy efficiency and low-carbon footprints.
Designed by Zaha Hadid Architect, the Beijing Daxing International Airport in China is now open. It is the world’s largest single-built terminal.