Michael Brooks, chief executive officer of REALPAC, has been named to the board of directors of the World Green Building Council and will also serve as treasurer for 2021-22.

A ten-year run of capital growth abruptly reversed, resulting in a 7.8 per cent loss of value across the 2,356 assets that the 44 portfolios represented in the Canada Annual Property Index hold.

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.

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.

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.

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.

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.

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).

Some of Canada’s most prominent commercial real estate players are tackling the challenge of COVID-19, asset class by asset class.

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.

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.

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.

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.

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.

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.

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.

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.