Office

eastern Ontario

Canadian Property Management

GTA’s Q1 2021 investment sales surpass Q1 2020

Industrial assets and development land accounted for more than 50 per cent of investment sales value in Q1 2021 with trade activity in both sectors far outpacing deal-making in the pre-pandemic months of 2020.
Budget confirms 16-week CERS extension

Canadian Property Management

Budget confirms 16-week CERS extension

The Canada Emergency Rent Subsidy (CERS) will now be available until at least September 25, but at gradually declining levels after July 3.
office

REMI Network

1 in 3 workers may quit if called back to office full time

About 33 per cent of professionals currently working from home due to the pandemic would look for a new job if called back to the office full time.
office sublet activity slackens somewhat in Q1

Canadian Property Management

Pace of office sublet activity slackens in Q1

Industrial space got even tighter in Canada’s largest commercial real estate markets during the first quarter of 2021, while office sublet activity continued, but at a slower pace than in Q4 2020.
downtown plan

Canadian Property Management

Fossil fuel fortunes burn Calgary

Reflecting on a year in which the pandemic unsettled market fundamentals to the east and to the west, Calgary-based analysts focus more on tangential circumstances than the COVID-19 outbreak itself.
New office supply poses backfill challenges

Canadian Property Management

New office supply poses backfill challenges

An influx of new office supply was always expected to shake up the status quo in the downtown Toronto market given that approximately two-thirds of the 8+ million square feet of space currently under construction is already preleased.
Office availability rate surpasses 12% in downtown Montreal

Canadian Property Management

Tenants gaining clout in downtown Montreal

The office availability rate inched above 12 per cent in downtown Montreal during Q4 2020, closing out a year when tenants gave up more than 1.3 million square feet of space through sublets or non-renewals.
CERS rate structure confirmed to June 5

Canadian Property Management

CERS rate structure holds steady until June 5

The federal government reserved the option to adjust the funding levels after March 13 when it introduced the subsidy for fixed property expenses last November.
COVID-19 clips 2020 investment performance

Canadian Property Management

COVID-19 clips 2020 investment performance

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.
Greater Halifax office inventory sees positive absorption downtown

Canadian Property Management

Halifax records positive absorption downtown

As of December 2020, Turner, Drake and Partners Ltd. pegs the vacancy rate at 14 per cent across 12.2 million square feet of office space in eight submarkets.
Ontario insolvencies drop in 2020

Canadian Property Management

Ontario extends ban on commercial evictions

Commercial evictions are still on hold in Ontario for qualifying tenants experiencing pandemic-related financial stress. A new regulation, enabled through 2020 budget legislation, extends the protections.
Repositioning specialist enters Ottawa office market via joint acquisition

Canadian Property Management

Repositioning specialist tackles Ottawa market

Marlin Spring and Colonnade BridgePort have partnered in the acquisition of a 12-storey office building at a prominent intersection of Ottawa’s central business district.
Kirkland Centre

Canadian Property Management

Kirkland Centre set for transit-oriented remake

RioCan REIT and Broccolini Real Estate Group have joined forces to redevelop an open-air retail centre in suburban Montreal.
Office vacancy rates rose in all major Canadian markets in Q4 2020

Canadian Property Management

Office vacancy rates climb with Q4 sublets

Industrial availability tightened from the third quarter in eight of the 11 surveyed markets, ending the year at well below 2 per cent in Vancouver and Montreal and below 1 per cent in Toronto.
redevelopment proposed for midtown Toronto landmark

Canadian Property Management

Rezoning sought for midtown Toronto landmark

Development partners Oxford Properties Group and CT REIT envision three million square feet of mixed-use development on the Canada Square site at Yonge and Eglinton.
Institutional investors compare 10-year Canada bond rate to real estate returns

Canadian Property Management

Bond rate signals to institutional investors

A 100 basis point slide in the 10-year Canada bond rate over the course of the COVID-19 pandemic contributes to real estate’s continuing allure for institutional investors.
CERS applications to be accepted as of November 23

Canadian Property Management

CERS applications to be accepted as of Nov. 23

Legislation to enable the Canada Emergency Rent Subsidy (CERS) received parliamentary approval late last week and an online application portal was expected to be operational for Nov. 23.