Real Estate

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.
Toronto Council to consider updates to investment decision process

REMI Network

Toronto to refine investment decision process

Proposed policy changes would embed United Nations sustainable development goals in ESG criteria and adjust parameters for allocations to real assets.
office-using sectors show relative resilience in COVID-19 job loss scenarios

Canadian Property Management

Office-using sectors show relative resilience

There is plenty of uncertainty and little consensus on the economic outlook for Canada and the United States. It is becoming clear that it will not be a V-shaped recovery, and it is more likely to be uneven and prolonged.
Retail landlords respond to COVID-19-related issues

Canadian Property Management

Retail landlords absorb and counter economic hit

Results of a wide-ranging survey show many major Canadian commercial real estate players braced for the erosion of consumer confidence, tenant solvency and their own investment returns.
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).
Alberta pledges to halt commercial evictions while tenants recover from losses COVID-19 has inflicted

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.
Commercial landlords decry the blame shifting of eviction prohibitions

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.
Equinix stretches its Canadian digital reach with acquisition of 13 data centres

Canadian Facility Management & Design

Equinix stretches its Canadian digital reach

The $1.04 billion deal will see Equinix acquire 13 data centres and more than 600 Bell customers from BCE Inc.
Slate Office REIT names new CEO

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.
MCAC conference

Facility Cleaning & Maintenance

VIDEO: The impact of COVID-19 on real estate operations and building cleaning

Missed our May 20 webinar on the wide-ranging impact of COVID-19 and its influence on cleaning protocols? It’s not too late to learn from our
Montreal's investment deal volume expected to slide in Q2 and the second half of 2020

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.
COVID-19 cleaning

Facility Cleaning & Maintenance

The new normal of building cleaning

How COVID-19 has impacted real estate operations and building cleaning, and what can be learned from our experience so far.
CECRA applicants can follow CMHC instructions to prepare documentation ahead of registration

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.
Solid pre-pandemic fundamentals underpin Canadian real estate market

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.
real estate arms of major Canadian pension funds scrutinized for COVID-19 responsibility to workers

Facility Cleaning & Maintenance

Pension fund watchdog tuned to real estate arms

Board trustees for some of Canada’s most prominent commercial real estate portfolios are underscoring the obligations owed to on-site building services personnel during the COVID-19 crisis.
Data centres gain traffic during COVID-19 related business shutdowns

Canadian Property Management

Data centres gain traffic missing from highways

At least 84 Canadian commercial buildings have been abuzz during protracted COVID-19-related business shutdowns. They house the data centres that have literally underpinned the continued functioning of the economy.
Canadians now fill half of BOMA International executive officer positions

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.