Market Watch

Proposal for mandatory airtightness testing withdrawn from pending 2020 version of National Energy Code

Canada wavers on airtightness testing

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.
global construction

Global construction output to shrink in 2020

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.
ergonomic lighting

COVID-19 ripples through to commercial leasing

Landlords and tenants are continuing to move lease transactions forward in anticipation of a return to business as usual in the near future.
More rigorous energy performance standards for windows and doors proposed

Windows and doors in the net-zero frame

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.
real estate companies are a small fraction of low-carbon earners in this year's Clean200

Low-carbon earners scarce in listed real estate

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.
open-end real estate funds

Open-end real estate funds open up

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.
global spending

Global construction to hit $18 trillion by 2030

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.
accessibility momentum

Accessibility tracks sustainability trajectory

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.
Beijing

Zaha Hadid’s massive airport opens in Beijing

Designed by Zaha Hadid Architect, the Beijing Daxing International Airport in China is now open. It is the world’s largest single-built terminal.
MAESTRIA

Quebec’s largest mixed-use residential project breaks ground

Devimco Immobilier, the Fonds immobilier de solidarité FTQ and Fiera Real Estate have broken ground on Maestria, the largest mixed-used residential project ever built in Montréal.
tallest residential

New York has the world’s tallest residential building

Located on West 57th Street, Central Park Tower in New York has topped out at 1,550 feet, making it the tallest residential building in the world.
Gen Z friendly cities

Gen Z friendly cities foster a rising cohort

The study assesses and scores 110 prominent international cities on 22 indicators deemed to support and/or influence the age cohort born between 1997 and 2012.
energy management

Canadian cities fertile for tech job growth

The rankings reflect CBRE's assessment of each market's competitive appeal based on 13 variously weighted indicators that collectively present a picture of employment trends and other factors helping to attract and sustain a tech labour force.
CUI platforms

Procore doubles number of subcontractor users

Procore Technologies, Inc., a leading provider of construction management software, has nearly doubled the number of subcontractors on the Procore platform.
MIPS hard hat brain

World’s first brain protection hard hat launch

Swedish safety helmet firm MIPS has partnered with Guardio to create the world’s first hard hat that offers a brain protection system.
rethinking real estate

Stigma fuels case for rethinking real estate

Much of the current negative sentiment relates to the emergence of informal rooming houses in predominantly single-family residential areas near suburban post-secondary campuses.
Ontario electricity prices hold steady despite dropping demand

B.C. affirms uneven split of hydro system costs

It's estimated that equitable apportionment could push residential rates 2.2 per cent higher than the proposed 1.8 per cent increase for fiscal year 2020, while commercial rates would drop and industrial rates remain the same.