Real Estate
Canadian Property Management
Ontario Teachers’ name new real estate leader
Pierre Cherki will take leadership of global real estate investment for Ontario Teachers’ Pension Plan when its new in-house asset management group launches early next year.
Canadian Property Management
Ontario to wrest realty functions from agencies
The Ontario government is moving to wrest realty functions from 10 provincial agencies, including the administrator of the health care system, the manager of Algonquin park, major museums and convention centres.
Canadian Property Management
Generative AI poised to realign CRE status quo
Emerging generative AI applications could realign the status quo within commercial real estate’s property administration, brokerage and investment management services.
Canadian Property Management
Canada praised as GRESB benchmark leader
National averages aren’t revealed in the recently released 2023 global results, but Canada's high ranking among 75 participating countries was confirmed during an online discussion of trends underpinning the numbers.
Canadian Property Management
Operational tech ripe for more ransomware attacks
Real estate was relatively unscathed in the growing number of ransomware attacks perpetrated in Canada last year, experiencing about 3 per cent of the incidents occurring across 19 industry sectors.
Canadian Property Management
Canada boasts resilient bases for CRE value
Abundant water resources and a low-carbon electricity grid are two key attributes earning Toronto, Montreal, Ottawa and Winnipeg favourable ranking as resilient bases for commercial real estate.
REMI Network
Delinquent loans mount on U.S. office assets
DBRS Morningstar’s recently released status report on commercial mortgage-backed securities counts July as the fourth consecutive month with rising delinquency rates.
Canadian Property Management
Retail rents posting gains in open-air venues
Calgary, Montreal and Halifax particularly enjoyed an upturn in retail rents during the first half of 2023, but declining rates were next to non-existent across Canada's major urban markets.
Canadian Property Management
Canada shares in real estate’s global value dip
The global value of professionally managed real estate fell by 4.1 per cent last year relative to 2021, representing a USD $600 billion year-over-year drop.
CondoBusiness
Quebec home inspectors get standardized rules
Quebec is introducing standardized certification and skills upgrading requirements for home inspectors who conduct assessments related to sales transactions.
CondoBusiness
Brokerage to end dual listing on TSX and NASDAQ
The Real Brokerage Inc. cites “minimal trading volume” in return for duplicate administrative expenses in the decision to voluntarily delist from the TSX.
Canadian Property Management
Oxford expands C-Suite and executive committee
Oxford Properties has named two new C-suite appointees, including its first-ever Chief Investment Officer, and five new executive committee members.
Canadian Apartment Magazine
Canadian rents undercut U.S. tech hub averages
Canada’s leading tech hubs boast lower rental housing costs and narrower average rent-to-earnings ratios than most of their rivals in the United States.
Canadian Property Management
Prominent sponsors join CRE’s global DEI survey
An expanded list of industry associations has signed on for the 2023 global survey of diversity, equity and inclusion (DEI) in commercial real estate, more than doubling the slate of sponsors from two years ago.
Canadian Property Management
NYX Capital sells self-storage portfolio
The vendor garners $310 million through the sell-off of 7,500 existing rentable storage units and properties where a further 3,000 units are set for development.
REMI Network
CRE loan books undergo U.S. Fed stress test
Through a recent stress testing exercise, the U.S. Federal Reserve determined that potential losses on commercial real estate loans pose the second highest risk for lenders after credit cards.
Canadian Property Management
IREM 90th anniversary to be feted in Toronto
Toronto will be the host city for the Institute of Real Estate Management's 2023 Global Summit, which coincides with the organization's 90th anniversary this year.
