Retail
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.
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.
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.
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.
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.
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.
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 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.
Canadian Property Management
Feds suggest CECRA sets Canada apart from peers
About $221 million in Canada Emergency Commercial Rent Assistance had been disbursed as of July 3, Finance Minister Bill Morneau reported in the 2020 Economic and Fiscal Snapshot he released today.
REMI Network
Quadrangle and Human Space launch Wellness Ready
Quadrangle and Human Space have launched Wellness Ready, a program to support businesses as they create healthy environments for returning occupants and customers.
Canadian Property Management
Retail landlords absorb and counter economic hit
Results of a wide-ranging survey show many major Canadian commercial real estate players braced for the erosion of consumer confidence, tenant solvency and their own investment returns.
Canadian Facility Management & Design
Public transit wariness makes the core edgy
Commuters’ willingness to jump on the bus, light-rail car or subway is expected to be a driving factor in repopulating office space in some major North American markets, including Toronto, Montreal and Vancouver.
Canadian Property Management
Ontario to amend Commercial Tenancies Act
Following similar actions in B.C. and Alberta, the Ontario government will temporarily halt evictions of tenants eligible for Canada Emergency Commercial Rent Assistance (CECRA).
Canadian Property Management
Alberta pledges to halt commercial evictions
The announcement accompanies a promise to disperse grants of up to $5,000 to help businesses and non-profit organizations with the costs of relaunching after COVID-19-triggered shutdowns, but few details are yet available.
Canadian Property Management
Commercial landlords decry blame shifting
REALPAC characterizes the landlord-tenant dynamic as a chain of economic stress, with many commercial landlords likewise suffering a drop in revenue and financially beholden to their lenders.
REMI Network
B.C. invokes terms for CECRA-eligible landlords
The move is in step with one of three recommendations the Canadian Federation of Independent Business is promoting to support businesses dealing with COVID-19-triggered financial stress.
REMI Network
Mississauga Gateway Centre welcomes two new buildings
Construction is complete on two new buildings at Mississauga Gateway Centre, a class-A office and retail complex.
