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Canadian Property Management

Vague or cumbersome details flagged in OCECRA

Commercial leasing specialists suggest landlords may prefer to stick with rent deferral agreements they have already negotiated.

REMI Network

Toronto developer launches kids’ art contest for charity

Toronto developer Devron has launched an art contest, asking children across Ontario to draw or paint positive messages related to the COVID-19 crisis.

Canadian Apartment Magazine

Avenue Living reports positive April rent revenue

Despite the drastic economic downturn due to COVID-19, Calgary-based Avenue Living reports that the large majority of its tenants paid their April rent.

REMI Network

Quebec residential market forecast updated

The Quebec Professional Association of Real Estate Brokers (QPAREB) unveiled its residential market forecasts for 2020 into next year.

Canadian Apartment Magazine

Ford announces plan to increase protection of vulnerable residents

The Ontario government is rolling out a new COVID-19 Action Plan for Vulnerable People to better protect vulnerable residents during the COVID-19 crisis.

REMI Network

Vancity offers small businesses interest free loans

Vancity has launched the Unity Pivot Business Loan for small businesses who need to adapt due to COVID-19. Loans of up to $150,000 are available.

Canadian Property Management

Regulators plumb mortgage loan liquidity

COVID-19-related pressure for rent deferrals begets landlords' needs for loan concessions and heightened uncertainty for lenders.

Canadian Property Management

CECRA tied to mortgaged commercial properties

Commercial landlords must agree to reduce rents by 75 per cent and halt evictions for April, May and June. In turn, CMHC will channel the forgivable joint federal-provincial loan directly to their lenders.

Canadian Apartment Magazine

New report shows alarming rate of infection in senior care facilities

The Ontario Health Coalition released a 70-page report tracking 3,783 positive cases of COVID-19 within senior care facilities across the province.

REMI Network

GTA home sales to plunge through spring

Greater Toronto Area homes sales have dropped and are expected to further plunge before the end of June, according to early statistics from TRREB.

Canadian Apartment Magazine

Boardwalk REIT issues operational update

Boardwalk REIT provided an update addressing ongoing pandemic measures and April rental revenue, noting that as of April 13th, it had received 92 per cent of rental payments,

REMI Network

District-wide energy upgrade for Alberta schools

A district-wide energy upgrade across 21 schools in central Alberta will significantly reduce greenhouse gas emissions in the facilities.

REMI Network

Almost half of closed B.C. businesses may not reopen

Almost half of B.C. businesses may not or will not re-open once the restrictions are eased on workplace operations, according to a new business survey.

Canadian Facility Management & Design

Some hotels transitioning to COVID-19 frontlines

With many governments, health and social agencies procuring space for COVID-19 related treatment or quarantine quarters, hotel operators are advised to contractually account for risk before signing any agreements.

Canadian Apartment Magazine

Airbnb shifts towards longer-term rental strategy

With the pandemic putting an abrupt halt to travel and tourism, short-term vacation rentals have seen a sharp decline in bookings. As a result, changes are afoot at Airbnb with a longer-term strategy now underway.

REMI Network

Mega plans for McMaster Innovation Park

Plans for a 2.5 million-square-foot expansion at McMaster Innovation Park include a life sciences 'megahub.'

Construction Business

Municipalities, businesses get new B.C. COVID relief

The B.C. government is providing enhanced relief for businesses along with new measures to support local governments as a result of COVID-19.