Retail
Canadian Facility Management & Design
RBC upgrading HVAC systems in bank branches
RBC plans to invest $35 million over three years to begin upgrading HVAC systems across its network of more than 1,200 retail bank branches in Canada.
Canadian Property Management
Swing space allowance enables booze sales haste
Temporary leeway to shelve alcohol in various, non-contiguous areas of Ontario grocery stores is part of the two-week advance in the rollout of the province's new liquor retailing regime.
Canadian Property Management
Grocery store lease clauses under scrutiny
Canada’s Competition Bureau is investigating whether dominant grocery retailers are using exclusivity clauses and restrictive covenants to improperly curtail rival businesses.
Canadian Property Management
Ontario retailers ponder alcohol sales viability
Leases and logistics will be major factors in whether Ontario retailers can act on pending flexibility to sell beer, wine, cider and ready-to-drink alcohol-infused beverages in grocery and convenience stores.
REMI Network
Construction begins on Etobicoke Civic Centre
Plans are moving forward on what will become Toronto’s first near-zero emissions community.
Canadian Property Management
Constraints on cannabis retailers could loosen
A proposed tweak to the rules governing store configurations could make Ontario’s enclosed shopping malls more welcoming for cannabis retailers.
Canadian Property Management
All grocery retail segments gaining in Canada
Canada outpaced the U.S. in adding per capita grocery retail space last year, with new stores mostly in the discount segment of major players' multi-brand portfolios
Canadian Property Management
Taxing debate awaits Toronto commercial parking
Debate about a proposed surcharge on commercial parking spaces in Toronto has been deferred until City Council begins to consider 2025 budget measures.
Canadian Property Management
Urban trekkers not in the mood to spend
Colliers Canada’s overview of foot traffic trends reveals that discount retailers, quick service restaurants and free attractions typically recorded the largest uptick in visitor volume in 2023.
Construction Business
CRE construction activity tops 5-year U.S average
Combined spending on office, industrial and retail construction projects dropped below 2022 levels in the U.S. last year, but still surpassed the five-year average for the period since 2019.
Canadian Property Management
Toronto strip plazas considered for tax discount
Nearly 30 per cent of Toronto strip plazas are in line for a property tax break if City Council approves the proposed new measure in its upcoming 2024 budget deliberations.
Canadian Property Management
Investment shopping list considered for 2024
As more vendors and purchasers are expected to come to the market this year, Avison Young's sentiment data shows retail, multifamily and industrial assets are sought, while office is tapped for divestment.
Canadian Property Management
Investment returns show slipping values in 2023
Canadian investment returns for 2023 show retail improvement, industrial deceleration and continuing office value decline, as capital loss balances out income growth for a flat total return.
Canadian Property Management
Vancouver boasts all round lowest vacancy rates
Vancouver enjoys North America’s strongest demand across all asset types, ending 2023 with the lowest vacancy rates for industrial, office, multifamily and retail properties among 63 major urban markets.
Canadian Property Management
RioCan REIT marks 30 years as public company
RioCan founder and chairman, Edward Sonshine, and other members of the senior leadership team ushered in the TSX trading day, January 19th, in celebration of the REIT's 30th anniversary.
Canadian Property Management
Year-end retail rents show little slippage
Retail rents rose or remained steady across most formats during the second half of 2023 with slippage confined to a few street-based, downtown shopping districts in large Canadian cities.
REMI Network
Morguard to divest hotel portfolio
Morguard announced plans to sell a portfolio of 14 hotels located across Ontario and Nova Scotia.
