Real Estate
Canadian Property Management
National office vacancy rate continues to climb
The national office vacancy rate surpassed 18 per cent in the second quarter of 2023, the highest level recorded since 1994. However, the pace of negative absorption was slower than last winter and fall.
Canadian Property Management
Human capital elusive for real estate employers
Employers are pressed to fill new kinds of positions and to bolster tech savviness throughout their organizations, while facing labour shortages and a highly competitive market for certain skills.
Canadian Property Management
Range of CRE stakeholders demand ESG metrics
Canada’s leading commercial real estate players are increasingly turning to ESG metrics to track responsiveness to a range of emerging risks and business imperatives.
Canadian Property Management
Ontario Teachers to realign real estate oversight
The Ontario Teachers’ Pension Plan will bring its global real estate investment team in-house, while Cadillac Fairview Corporation manages its Canadian portfolio with a new president and CEO at the helm.
Canadian Property Management
Trophy office towers widening gap from the pack
Trophy office towers could be anchored atop the market for the long term as the past decade’s wave of new building subsides and little further development is anticipated.
Canadian Property Management
Newmark appoints first Canadian president
Norm Taylor has joined Newmark Group to lead the real estate advisory firm’s operations in Canada.
Canadian Property Management
Office building values still trending downward
Appraisers generally expect office building values to keep slipping over the course of 2023 as a range of factors undermine cash flow, push up cap rates and make investors skittish.
Canadian Apartment Magazine
Multifamily asset values hold steady
Multifamily asset values appear to be holding steady, but transaction volume plummeted in the first quarter of 2023.
REMI Network
Data centre hubs grow in scale and number
More than half of hyperscale sites worldwide are located in the United States, but Canada is among nine other countries where JLL analysts identify a development surge underway.
Canadian Property Management
Christine Bergeron to lead Concert Properties
Christine Bergeron, current president and chief executive officer of Vancity Group, will step into those roles with Concert Properties beginning in September.
Canadian Facility Management & Design
Liquor store sell-off nears end in Saskatchewan
Significantly more revenue has been raised through the auction of the retail permits associated with the stores than from the sale of the properties themselves.
Canadian Property Management
Andrew Blair joins Colonnade BridgePort
Andrew Blair has joined Ottawa-based ColonnadeBridgePort as managing partner of its investment fund and management business.
REMI Network
Brady Welch to act as Slate REIT’s interim CEO
Brady Welch, co-founder of Slate Asset Management, is stepping in as interim chief executive officer of Slate Office REIT.
Canadian Property Management
Canada-U.S. industrial markets diverge in Q1
Toronto and Vancouver posted the tightest industrial markets among major urban centres in Canada and the United States in the first quarter of 2023.
Canadian Facility Management & Design
Stéphan Déry takes helm at Canada Lands Company
Stéphan Déry brings extensive experience in managing public real property to his new role as president and chief executive officer of Canada Lands Company.
Canadian Property Management
REITs unexpectedly tapped for new tax measure
Advocates for the Canadian commercial real estate industry are asking the federal finance department to clarify why real estate investment trusts have been included in a pending new tax measure.
Canadian Property Management
Rising office vacancy pairs with rent growth
CBRE Canada reports an all-time high national office vacancy rate and another quarter-over-quarter increase in average Class A net rents for Q1 2023.
