Retail

Grocery-anchored retail stands out positively among other retail investment properties

Canadian Property Management

Grocery-anchored retail deemed a best buy

Beyond stores selling essential goods, bricks-and-mortar retail is reeling from COVID-19-triggered public health controls and watching its already gaining competition grow even faster than projected.
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.
CERS draft legislation outlines new commercial rent relief program

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.
commercial evictions

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.
Cambridge

REMI Network

SmartCentres gets approval to transform Cambridge property into residential units

SmartCentres is now officially building a residential community in Cambridge, Ontario on its 73-acre property that was previously zoned for strictly retail use.
Most U.S. markets fall short of Vancouver and Toronto in Q3 2020

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.
McGill

REMI Network

New grad program at McGill to shape ‘retail leaders of the future’

The COVID-19 pandemic and the rise of e-commerce is driving rapid technological innovations in the retail sector. A new program at McGill aims to equip students with tools to handle this rapidly evolving industry.
direct subsidies to help tenants and business owners cover fixed property expenses

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.
Ontario extends eviction prohibition for commercial tenants in rent arrears due to COVID-19

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.
fulfilment centre

REMI Network

Amazon Canada opening fulfilment centre in Hamilton

Amazon Canada has announced plans to create a fulfilment centre and delivery station in Hamilton, located near the airport in Mount Hope.
September CECRA coverage

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.
Brightwater

REMI Network

Brightwater community launches in Port Credit, Ont.

A 72-acre site that sat vacant for nearly 30 years in Port Credit, Ont. is closer to its new life as the Brightwater master-planned community.
CECRA now closed to new applications for commercial rent relief

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.
Unallocated CECRA funds necessitate program extension

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.
Galleria on the Park

REMI Network

Galleria on the Park breaks ground

A socially-distanced ground-breaking ceremony took place for Galleria on the Park—the mixed-use community that will rise on a 20-acre site in Toronto.
Canadian properties earn 2020 TOBY International acclaim

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.