Retail
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.
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.
