A new iteration of property expense relief will be more bountiful for many recipients than recent payouts of the Canada Emergency Rent Subsidiary, but fewer commercial tenants or owner-occupiers will qualify.

Pandemic paperwork is becoming more voluminous for commercial landlords as a growing list of influential tenants ask for proof that building personnel have two valid COVID-19 vaccinations.

Many commercial real estate operators are making the simple business case for buildings that are functional for all potential users. It’s a quest that can begin with simple investigations, simple low-cost measures and simple mindfulness.

Nova Scotia’s new provincial government is signalling looming surcharges for residential property purchasers and owners who pay their income tax in other jurisdictions.

The CREED Council’s 22-member board of directors is influentially placed in senior management roles in property management, development, leasing, finance/investment and various professional services.

Developers are facing escalating material costs, supply chain disruptions and labour shortages in step with climbing vacancies and falling rental rates that were not contemplated 18 months ago.

Market analysts anticipate more capital flowing into the sector as vacancies tighten and rental rates rise, and they warn that available space is nearing depletion in Vancouver, Toronto and Montreal if leasing continues at the recent pace.

The 2021 versions of REALPAC's normalization methodologies for calculating energy- and water-use intensity address issues arising from the COVID-19 pandemic and lower occupant densities in office buildings.

Removing landlords from the application process hasn’t necessarily made the Canada Emergency Rent Subsidy (CERS) more accessible for commercial tenants experiencing pandemic-related financial stress.

Retrofit proponents unable to contribute at least $6.25 million in equity capital will have to look to third-party interveners in order to tap into the Canada Infrastructure Bank’s $2-billion fund for commercial buildings.

Cold storage facilities are flagged to deliver robust returns to investors due to the evolution of food retailing, demand for vaccines and other pharmaceuticals, and the thriving outlook for the warehouse/distribution and logistics sector in general.

Electricity demand projections through the vaccination rollout period should take two contradictory factors into account, energy management specialists affirm.

After a year of operational upheaval and more modifications to electricity pricing policies, BOMA Toronto’s annual workshop to address the complexities of the global adjustment had a lot of ground to cover.

Economic fallout from COVID-19 is shifting more of the tax burden to this flourishing group of assets via the mill rate, while also driving up the tax rate, for a double-whammy of consequences in jurisdictions that update valuations annually.

Reflecting on a year in which the pandemic unsettled market fundamentals to the east and to the west, Calgary-based analysts focus more on tangential circumstances than the COVID-19 outbreak itself.

An influx of new office supply was always expected to shake up the status quo in the downtown Toronto market given that approximately two-thirds of the 8+ million square feet of space currently under construction is already preleased.

The flat license rate will penalize mid-rise and high-rise owners with extra costs if an elevator passes the periodic inspection and does not require a follow-up. It will be a bargain if just one follow-up inspection is required.