Industrial

Choice Properties

REMI Network

Choice Properties selling $426M portfolio

The transaction is scheduled to close on September 30, 2019.
PROREIT

Canadian Property Management

PROREIT completes $49.3-mill acquisition

The purchase includes six properties - five light industrial buildings in Halifax and one boutique office tower in Ottawa.
industrial property assessment

Canadian Property Management

NB confers on industrial property assessment

A standing committee of New Brunswick's legislative assembly is exploring whether equipment and machinery used in manufacturing and industrial processes should be factored into the assessed value of the property.
halifax-945x514

Canadian Property Management

Halifax office vacancy dips for second year in a row

This drop came despite an uptick in the vacancy rate in the downtown Central Business District (CBD), which saw a modest increase.
energy exposure

Canadian Property Management

Energy exposure fuels Calgary office woes

Energy firms drove Calgary office leasing deals in the first quarter of 2019, but in a way that had few landlords celebrating. The largest transactions involved companies relocating and downsizing into smaller spaces.
Global Property Index

Canadian Property Management

Canada inconspicuous in Global Property Index

The 2018 total return on Canadian real estate assets was in the back half of the pack among 25 national markets, but Canada is part of a smaller group of 12 that can boast an improvement over 2017 results.
property tax shifts

Canadian Property Management

Property tax shifts continue to plague Calgary

Nearly 12,000 non-residential ratepayers will get some relief from the property tax shifts Calgary's sliding downtown office values triggered this year
hydro system costs

Canadian Property Management

B.C. affirms uneven split of hydro system costs

It's estimated that equitable apportionment could push residential rates 2.2 per cent higher than the proposed 1.8 per cent increase for fiscal year 2020, while commercial rates would drop and industrial rates remain the same.
Industrial properties

Canadian Facility Management & Design

Ontario cues agenda for industrial properties

The action is included in a list of initiatives associated with Bill 66, the proposed Restoring Ontario's Competitiveness Act, even though none of the bill's dozens of legislative amendments pertain to the Assessment Act.
2018 investment returns

Canadian Property Management

Some drag in buoyant 2018 investment returns

A surging industrial sector helped to counterbalance slipping retail values and push up 2018 investment returns on Canadian commercial real estate.
market drivers

Canadian Apartment Magazine

Developers weigh in on market drivers

Collectively, the 400+ C-suite and senior executives see more opportunity than threat in technological advancements, social change and a less economically stratified society.
Halifax office vacancy rate

Canadian Property Management

Halifax office vacancy rate dips modestly

The Atlantic Canada real estate advisory firm, Turner Drake & Partners, reports a region-wide office vacancy rate of 15.25 per cent, representing a drop of more than 170 basis points since June 2017.
GTA Q1 investment activity

Canadian Property Management

Robust demand drives GTA Q1 investment activity

Cominar REIT stands out among the vendors, as it offloaded two office, two retail and one industrial property for earnings of nearly $717 million.
industrial properties

REMI Network

Nexus REIT acquires industrial properties in Western Canada

Nexus Real Estate Investment Trust is purchasing three industrial properties in Western Canada for $64 million
energy efficiency

REMI Network

New industrial rebates for energy savings in Alberta

Alberta has added several industrial-specific rebates to its Energy Efficiency Alberta’s Business Non-Profit and Institutional Energy Savings Program.
investment GTA new home market condo sales

REMI Network

Retail leads GTA investment transactions in Q4

The retail and industrial sectors were Q4 frontrunners in Avision Young's GTA Commercial Investment Review Q4 2017.
Winnipeg office and industrial markets

Canadian Property Management

Winnipeg office and industrial markets chug on

Vacancy rates in both sectors are below the national average, while rents neither outshine nor dramatically trail those commanded in other major Canadian centres.