Michael Brooks
Canadian Property Management
GRESB swaps GBCI umbrella for B-Corp status
The global benchmark for ESG performance of commercial real estate portfolios and infrastructure investments has reacquired its independence and established a non-profit foundation to oversee standards development.
Canadian Property Management
Property tax ratios epitomize commercial burden
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.
Canadian Property Management
New subsidy tagged for fixed property expenses
Qualifying commercial tenants and businesses operating in owned premises will be eligible for direct subsidies of up to 65 per cent of their fixed property expenses through the new Canada Emergency Rent Subsidy.
Canadian Property Management
Ontario capital markets set for rule revamp
Proposals address a range of issues that are likely to be of interest to listed real estate entities and their investors, as well as start-up ventures and other publicly traded service providers to the industry.
Canadian Property Management
Ontario to amend Commercial Tenancies Act
Following similar actions in B.C. and Alberta, the Ontario government will temporarily halt evictions of tenants eligible for Canada Emergency Commercial Rent Assistance (CECRA).
Canadian Property Management
Multifamily and retail stability on priority list
Some of Canada’s most prominent commercial real estate players are tackling the challenge of COVID-19, asset class by asset class.
Canadian Property Management
Peter Menkes named to Order of Ontario
The distinction is conferred to individuals who have made exceptional and lasting contributions to the fabric of Ontario and the well-being of Ontarians, and is the Province's highest honour.
Canadian Apartment Magazine
Low yields not deterring multifamily investment
Multifamily assets delivered the lowest income return of the property sectors to institutional investors in the Canada Property Index last year, but produced strong total returns on a foundation of 7.3 per cent capital growth.
Canadian Property Management
Industrial-retail seesaw in play for investors
A 6.65 per cent average total return on the Canada Property Index's 2,723 directly held standing assets, scattered across eight major markets, cloaks significant variances between property sectors and from market to market.
Canadian Property Management
Oxford Properties a USGBC leadership honouree
The awards are bestowed to individuals and organizations that have advanced sustainable principles and practices in design, management, operations and community building, while serving as role models and resources for their peers.
Canadian Property Management
Climate change procrastinators urged to act
The mounting consequences of being stuck fast in the wrong place for an extended wrong time begin with soaring insurance premiums and end with stranded assets.
Canadian Property Management
GRESB gets lift from ESG tailwind
Major Canadian players figure among both GRESB investor members with full access to the data and the larger complement of management members that report and are benchmarked through the real estate assessment.
Canadian Property Management
Brookfield’s green preferred units “on trend”
Brookfield Property Partners is targeting USD $250 million to invest in green certified buildings and upgrades through the issuance of 10 million perpetual green preferred units.
Canadian Property Management
ESG guides prominent global real estate players
ESG provides a framework to set priorities, steer action and monitor progress toward more resilient assets, with 93 per cent of respondents reporting that criteria linked to sustainability, supporting local communities and shunning corruption influence their investment decisions.
Canadian Property Management
Mixed uses to ease into suburban office parks
The new policy would give developers a basis to challenge any local government's veto of non-employment land uses in suburban office parks.
Canadian Property Management
Real estate primed for low-carbon vanguard
Canada's Expert Panel on Sustainable Finance suggests there is more untapped opportunity than coordinated action in a market grappling with emerging imperatives for climate-related financial disclosure and integrating ESG measures.
Canadian Property Management
Few favours for commercial ratepayers in 2018
Tax ratios for 11 of Canada's largest cities demonstrate that commercial ratepayers consistently carry a disproportionate share of the municipal property tax burden.