Retail

Canadian CRE players share 2021 portfolio data

Canadian Property Management

Canadian CRE players report 2021 portfolio data

Nearly 200 respondents who collectively own and/or manage more than 2.2 billion square feet of space reported to the 26th annual Who's Who in Canadian Real Estate survey.
CERS uptake falls short of potential

Canadian Property Management

CERS uptake falls short of potential

Removing landlords from the application process hasn’t necessarily made the Canada Emergency Rent Subsidy (CERS) more accessible for commercial tenants experiencing pandemic-related financial stress.
Manulife Centre primed for retail relaunch

Canadian Property Management

Manulife Centre primed for retail relaunch

One of Canada’s pioneering mixed-used developments is ready to unveil its new look after an extensive revitalization project, and in step with phase two of Ontario's post-lockdown reopening plan.
McGill

REMI Network

McGill to train next-gen leaders in ethical A.I. use

A new cohort of students at McGill University will soon be poised to tackle crucial questions about the application and potential misuse of Artificial Intelligence, which continues to change the retail landscape.
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.
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.
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.
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.