Retail

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.
Nova Scotia offers property tax rebate to select small commercial ratepayers

Canadian Property Management

Nova Scotia offers targeted property tax rebate

A newly announced $7-million provincial fund is expected to partially compensate up to 3,300 small restaurateurs, barkeepers and personal service business operators for paid 2020-21 property taxes.
commercial evictions still on hold in Ontario

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.
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.
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.
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.