Industry News

Quebec landlords face tighter residential rent increase margins for 2021

Canadian Apartment Magazine

Quebec residential rent increase margins tighten

Residential landlords in Quebec face tighter rent increase margins for 2021, particularly if their buildings are centrally heated with gas or oil.
Commercial landlords pledge free space to accommodate COVID-19 vaccination clinics

Canadian Facility Management & Design

Landlords would welcome vaccination clinics

Prominent commercial landlords are offering free space to accommodate COVID-19 vaccination clinics and related support services in malls, conference centres, office buildings and other well-located sites throughout Canada.
security guard licensing exams now available online in Ontario

Canadian Facility Management & Design

Licensing exams go online for security guards

The new option aligns with the Ontario government’s objective to provide digital alternatives for paper-based administrative processes.
home price

REMI Network

National home price up 9.7 per cent in Q4

Markham, Vaughan, Burlington, Pickering, Oakville. The average home price in all these Ontario-based cities increased by at least $100,000 last quarter, compared to 2019.
Toronto vacancy rate

Canadian Apartment Magazine

Toronto vacancy rate reaches 50-year high

The latest Urbanation survey of purpose-built rental apartments in Toronto show the vacancy rate rose to a 50-year high of 5.7 per cent in Q4-2020. 
Developers acquire Mississauga YMCA site

CondoBusiness

Mississauga YMCA site tagged for redevelopment

New owners of the 4.5-acre Mississauga YMCA site are promising future redevelopment that will make a statement in the city’s skyline.
commercial evictions still on hold in Ontario

Canadian Property Management

Ontario extends ban on commercial evictions

Commercial evictions are still on hold in Ontario for qualifying tenants experiencing pandemic-related financial stress. A new regulation, enabled through 2020 budget legislation, extends the protections.
residential evictions

Canadian Apartment Magazine

Ontario issues temporary pause on residential evictions

The Ontario government has issued an emergency order to temporarily pause the enforcement of residential evictions for the second time since March 2020.
HFC phase-down

REMI Network

Scientists find new way to predict global warming

The threshold for dangerous global warming will likely be crossed between 2027 and 2042 – a much narrower window than the Intergovernmental Panel on Climate Change’s estimate of between now and 2052.
capital school

Construction Business

One of B.C.’s largest capital school projects opens

The $106.5 million New Westminster Secondary school, one of the largest school capital projects in B.C.’s history, has opened its doors.
Vancouver portfolio

Canadian Apartment Magazine

InterRent and Crestpoint acquire large Vancouver portfolio

InterRent REIT and Crestpoint Real Estate Investments announced that they have entered into agreements to acquire a large Vancouver portfolio for a purchase price of $292.5 million.
sfu

Construction Business

SFU will launch LC3 Innovation Centre in Vancouver

SFU has been selected to establish a Low Carbon Cities Canada (LC3) Innovation Centre in Vancouver with a $22-million federal investment.
Nexus REIT to acquire eight industrial buildings

Canadian Property Management

Nexus REIT to acquire eight industrial buildings

Upon completion of the two new deals, 67 per cent of Nexus REIT’s net rental income will be derived from its industrial holdings — a jump from 61 per cent currently.
Canadian asset managers among world's 150 largest for real estate investment

Canadian Property Management

Canadian asset managers among global 150 largest

Brookfield Asset Management sits far atop the field in IPE Real Assets’ 2020 rankings of the world’s 150 largest real estate investment managers.
luxury home

REMI Network

Luxury home sales over $3-mil set new record in GTA

Luxury home sales more than $3 million set a new record in the GTA, with the number condo and freehold properties sold in 2020 topping peak 2017 levels.
Repositioning specialist enters Ottawa office market via joint acquisition

Canadian Property Management

Repositioning specialist tackles Ottawa market

Marlin Spring and Colonnade BridgePort have partnered in the acquisition of a 12-storey office building at a prominent intersection of Ottawa’s central business district.
Kirkland Centre

Canadian Property Management

Kirkland Centre set for transit-oriented remake

RioCan REIT and Broccolini Real Estate Group have joined forces to redevelop an open-air retail centre in suburban Montreal.