Resident British Columbians own about 30 per cent of the properties subject to the speculation and vacancy tax, but account for just 6.6 per cent of collected revenue.

Industrial availability tightened from the third quarter in eight of the 11 surveyed markets, ending the year at well below 2 per cent in Vancouver and Montreal and below 1 per cent in Toronto.

As the average rent in Canada hit a record low of 9.1 % from a year ago, analysts share a hopeful outlook for Canada's rental market in 2021 and beyond.

Multifamily and industrial properties are routinely lumped together as favoured investment assets, but asset managers face divergent degrees of difficulty when they seek to mine value from energy performance.

Facility owners and managers must rethink the demands of existing operations and systems to deal with rapidly fluctuating capacity.

More than 50 per cent of participating Canadian portfolios were grouped in the top two brackets of results, with 11 earning 5-star status and six attaining a 4-star rating.

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 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.

Impacts of the hard insurance market are trickling into condominium corporations across Canada, challenging boards and managers in their wake.

As announced in the provincial budget, the Ontario government plans to equalize the business education tax (BET) rate at 0.88 per cent for 2021, equating to a $450-million tax cut province-wide.

While building codes and standards help regulate efficiency in new buildings, existing buildings have been operating with little oversight and, in fact, no insight at all into how energy and water was being used in our cities.

Although multi-residential housing is fairing better than other asset types, Class A apartments are feeling the strain of the pandemic. What will the road to recovery look like?

BOMA Canada hosted its annual—and first ever virtual—National Awards Gala on October 29, 2020, marking another year for the CRE industry.

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.

Colleges and universities are questioning how much space will be needed in the future campus, how it will be operated, and how to make our built environment more healthy, sustainable and resilient.

The six-month extension comes with an improved rate since the discount on pre-tax electricity consumption and transmission/distribution costs will increase to 33.2 per cent on November 1.

Many reserve fund projects have not been able to proceed this year. Even now as construction has “opened up,” contractors have backlogs that will allow them to complete only some of the previously planned projects.