Office
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.
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.
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.
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.
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.
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
Alberta pledges to halt commercial evictions
The announcement accompanies a promise to disperse grants of up to $5,000 to help businesses and non-profit organizations with the costs of relaunching after COVID-19-triggered shutdowns, but few details are yet available.
Canadian Property Management
Commercial landlords decry blame shifting
REALPAC characterizes the landlord-tenant dynamic as a chain of economic stress, with many commercial landlords likewise suffering a drop in revenue and financially beholden to their lenders.
Canadian Property Management
Slate Office REIT advances new CEO from within
Steve Hodgson has been named chief executive officer after serving as chief operating officer and holding a range of key responsibilities since joining the company in 2014.
REMI Network
B.C. invokes terms for CECRA-eligible landlords
The move is in step with one of three recommendations the Canadian Federation of Independent Business is promoting to support businesses dealing with COVID-19-triggered financial stress.
Canadian Property Management
Alberta polls commercial landlords and tenants
The Alberta government is surveying commercial landlords and business tenants about their COVID-19-related financial stresses.
REMI Network
Q4 overflow spurs Montreal investment deal volume
Sales value topped $2 billion for the fourth consecutive quarter, albeit at a lower total than was achieved in the second to fourth quarters of 2019.
Canadian Property Management
CECRA applicants urged to prepare documentation
Potential participants can begin to prepare ahead of registration opening next week, following instructions that have been posted on Canada Mortgage and Housing Corporation’s website.
Canadian Property Management
Solid pre-pandemic fundamentals buttress market
Thus far, in most markets, there’s been no spurt of office sublets or rent discounts that conventionally signify an economic downturn, but there has been a flurry of conjecture about the forces COVID-19 may have unleashed.
Canadian Property Management
Details of CECRA program rollout still emerging
The CECRA program is voluntary. Not all eligible landlords will necessarily take advantage of this program for various reasons.
Canadian Facility Management & Design
COVID-19 lets loose work-from-home preference
Fewer than 18 per cent of survey respondents report they have been more productive in home workspaces during the COVID-19 lockdown, but a majority conclude they are at least 80 per cent as productive as in a formal office setting.
Canadian Facility Management & Design
Opinions on remote work become more favourable
A majority of surveyed corporate real estate executives are planning for a phased return of their workforces once public officials within their jurisdictions lift COVID-19 related stay-at-home orders.
