Market Watch
Property tax ratios epitomize commercial burden
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 announces new productivity and info tools
Procore Technologies has announced Real-Time Construction Labor Productivity and Time and Material Tickets for specialty contractors
Feds to invest $2 billion in energy retrofits
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.
Canadian developers navigate uncertainty
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.
WTO okay with provinces buying biomass power
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.
Commercial office watchwords attuned to COVID
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 to develop biodegradable face masks
FPInnovations is receiving $1.3 million from the federal government to develop a biodegradable, sustainable filter for single-use face masks.
Hilti unveils wearable exoskeleton
Hilti North America has unveiled a wearable exoskeleton that will help the construction industry tackle health, safety and labour shortage challenges.
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 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.
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.
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.
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 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 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 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.
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.