Office

Ontario extends eviction prohibition for commercial tenants in rent arrears due to COVID-19

Canadian Property Management

Ontario adds two-month reprieve for rent arrears

Provincial intervention in the commercial sector is limited to tenants who meet the prerequisites for Canada Emergency Commercial Rent Assistance, but whose landlords have not applied for the relief.
September CECRA coverage

Canadian Property Management

Stop-gap September CECRA coverage offered

Canada Emergency Commercial Rent Assistance will be offered for a sixth month. The announcement comes eight days after the portal for new applications for the relief program appeared to be closed.
CECRA now closed to new applications for commercial rent relief

Canadian Property Management

CECRA now closed to new applicants

With the August 31 deadline for first-time applications for Canada Emergency Commercial Rent Assistance (CECRA) now passed, the three-month program that evolved into five months of relief is closed to new recipients.
workplace

Canadian Facility Management & Design

A case study in workplace reinvention

After many conversations and much planning, the agency has recently started allowing employees to come back into the workplace.
COVID-19 brings fresh commercial office watchwords to the forefront

Canadian Property Management

Commercial office watchwords attuned to COVID

Market analysts typify a second quarter uptick in downtown sublet activity as a spurt, not a glut. However, they project the trend is likely to continue.
slumping confidence registered in office sector dynamics

Canadian Property Management

Slumping confidence in office sector dynamics

Confidence in industrial markets has also slipped since 2020 began, but still hovers on the up side of neutral on both sides of the Canada-U.S. border.
Quebec landlords and tenants ensnared in pandemic-related litigation

Canadian Property Management

Pandemic-related litigation brewing in Quebec

Commercial real estate specialists are noting a recent Quebec superior court decision with interest, suggesting it could become a beacon for other tenants seeking rent relief.
Halifax office and industrial markets

Canadian Property Management

Challenger rising among Halifax office nodes

The downtown office vacancy rate surpassed 20 per cent, while Dartmouth Crossing enjoyed a 768 basis point drop in vacancy, pushing the rate below 12 per cent.
Unallocated CECRA funds necessitate program extension

Canadian Property Management

Unallocated CECRA funds behind August extension

As of July 30, it’s reported that 63,000 qualifying businesses or not-for-profit organizations had been collectively approved for about $613 million in commercial rent relief.
investment deal resumption foreseen for Q3

Canadian Property Management

Investment deal resumption foreseen for Q3

Static cap rates reflect limited transactions in the second quarter of 2020, but commercial real estate analysts express confidence that asset values are holding under COVID-19-related pressures.
investors seeking new deals despite COVID-19

Canadian Property Management

Investors express interest in seeking new deals

Pension funds and life insurance companies appeared most anxious to get back into the game, with more than 50 per cent of reporting they were pursuing acquisitions.
Canadian properties earn 2020 TOBY International acclaim

Canadian Property Management

TOBY International acclaim for Toronto properties

Canadian owners and managers can once again claim title to The Outstanding Building of the Year (TOBY) in an international forum.
CECRA allocations

Canadian Property Management

Feds suggest CECRA sets Canada apart from peers

About $221 million in Canada Emergency Commercial Rent Assistance had been disbursed as of July 3, Finance Minister Bill Morneau reported in the 2020 Economic and Fiscal Snapshot he released today.
wellness ready

REMI Network

Quadrangle and Human Space launch Wellness Ready

Quadrangle and Human Space have launched Wellness Ready, a program to support businesses as they create healthy environments for returning occupants and customers.
Most downtown office markets still seeing few impacts from COVID-19

REMI Network

Q2 leaves most downtown office markets unscathed

Second quarter vacancy rates and rent trends provide a first look at Canadian commercial real estate markets during widespread COVID-19-triggered business shutdowns.
Public transit wariness

Canadian Facility Management & Design

Public transit wariness makes the core edgy

Commuters’ willingness to jump on the bus, light-rail car or subway is expected to be a driving factor in repopulating office space in some major North American markets, including Toronto, Montreal and Vancouver.
Ontario to amend Commercial Tenancies Act to temporarily halt evictions of tenants qualifying for CECRA

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).