Development
Lenders exhibit decarbonization disconnect
Canadian lenders may be reassessing the urgency of decarbonization, but they still express enthusiasm for the sustainable assets and impact investments that appear to be losing cachet in the United States.
Toronto parking review could allay tax exposure
Recommended changes to Toronto's parking regulations could present an opening for some landlords to reduce their exposure to a potential commercial parking levy.
CRE retains ESG adherents as U.S. politics turn
Resilience and energy/water efficiency are projected to remain highly relevant for commercial real estate in the United States, while some other concepts linked to ESG are tapped to lose momentum.
Ontario re-evaluates steps for land use change
Proposed new provincial legislation would strip municipalities of their ability to request a record of site condition (RSC) in specified circumstances where the risk of site contamination is deemed to be low.
Clinically fit space on the leasing agenda
A small but noteworthy cohort of tenants will be leasing specialized space as the Ontario government moves toward granting licences for new independently operated surgical and diagnostic clinics.
Vacant residential land stirs surtax rumblings
The Canadian government is exploring options for a surtax on vacant residential land through a newly launched public consultation, which is open for submissions until December 31, 2024.
Elections loom in three Canadian provinces
Housing, tax and energy costs are prominent on the agenda as British Columbia, New Brunswick and Saskatchewan all prepare for provincial elections in October.
Equity partnerships generate net-zero progress
A newly released primer from the First Nations Major Projects Coalition highlights clean energy opportunities and some illustrative generation, storage and transmission projects.
Data centres draw investment interest
Surging need for connectivity to enable burgeoning technologies like AI and the smart electricity grid has positioned data centres to be favoured investment assets into the future.
New green buildings strategy mostly a rehash
The Canadian government’s newly released green buildings strategy contains little that is actually new for commercial real estate or public sector facilities.
Toronto considers office replacement pullback
Proposed new policy directions could open the way for a broader range of redevelopment projects in specified downtown Toronto districts and at the midtown Yonge & Eglinton node.
Salvaged steel fit to fortify decarbonization
The cost case for salvaged steel looks promising even with an embryonic supply chain and a raft of logistical complexities to recover and then reuse structural members in new construction projects.
Defaulted real estate loans on the upswing
Many creditors and debtors are now grappling with the fallout from a largely unexpected change in market conditions over the course of their loan agreements.
OEB in doghouse for cost recovery ruling
The Ontario government plans to establish its authority to designate critical gas transmission projects and reaffirm the existing cost recovery model for connecting natural gas service to new residential development.
Clean energy projects serve mix of purposes
Clean energy projects present a burgeoning means for Indigenous peoples to assert stewardship of natural resources, nurture sustainable economic growth and curb reliance on fossil fuels.
Outdoor lighting principles hail the dark side
Guiding principles for responsible nighttime lighting define how light should be applied, but, first, prospective installers are advised to consider whether lighting is even necessary.
Social destabilization unsettles city fabric
Data, collaborative networks and a suite of tested best practices can be valuable resources for property managers pressed to respond to the unsettling social destabilization occurring in many Canadian cities.