Office
Canadian Property Management
CERS draft legislation awaits adoption
CERS will deliver direct rent support to qualifying tenants without the need to work though their landlords. As a direct subsidy, unlike CECRA, no loan agreement is required.
Canadian Property Management
Ontario wires commercial evictions on/off switch
A proposed amendment to the Commercial Tenancies Act, included in Ontario's budget bill, would allow the Minister to impose future COVID-19-related prohibitions on commercial evictions via regulation.
REMI Network
BOMA Canada awards industry’s best for 2020
BOMA Canada hosted its annual—and first ever virtual—National Awards Gala on October 29, 2020, marking another year for the CRE industry.
Canadian Property Management
Toronto and Vancouver outdo most U.S. markets
Canada has a numerically slight presence with disproportionate weight in Lee & Associates’ newly released third quarter commercial real estate results.
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
Office vacancies on par with recessionary events
Canada-wide, CBRE pegs the total office vacancy rate at 12 per cent across the nine major markets it surveys, ranging from a low of 5.4 per cent in Vancouver to nearly 26 per cent in Calgary.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
