Retail
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
