News
Commercial Real Estate in 2021
The story of Canada’s commercial real estate in 2021 will depend on how many COVID-19 plot twists have caused permanent changes in leasing and transaction patterns. Industrial and retail real estate trends that had already emerged in 2019 were greatly accelerated by...
National office and industrial market update – Q3 2020
While employment numbers have improved and restrictions were lifted over the third quarter, the second wave of the pandemic may now impede Canada’s road to recovery. Statistics Canada reported a decreasing unemployment rate in August at 10.2%, down slightly from 10.9%...
Tenants are finding ways to normalize their businesses during the pandemic
Canada’s largest commercial landlords are seeing some improvements in rent collection as tenants find ways to normalize their businesses during the pandemic. Allied Properties Real Estate Investment Trust, which operates 200 offices and other properties in Canada’s...
Leasing of Toronto Office Space
With the coronavirus outbreak showing no signs of slowing down, the Greater Toronto Area office market is now exhibiting conditions similar to its state during the 2008/2009 financial meltdown, according to Colliers Canada. “Six months into the COVID-19 pandemic,...
Did the pandemic crush commercial real estate?
What was Toronto’s commercial real estate market like in the before times? It was tight, meaning a large chunk of properties were leased, which drove rents up. At the end of 2019, we had a commercial vacancy rate of 2.9 per cent. That’s ridiculously low, both...
Prime Minister announces additional support for small businesses
April 16, 2020 Ottawa, Ontario Small businesses are the backbone of our economy, and are vital for our families and communities across the country. They are facing economic hardship and uncertainty during the COVID-19 pandemic. That is why the Government of Canada is...
TRREB Strongly Recommends Realtors Stop Conducting Open Houses
Toronto Regional Real Estate Board TRREB is strongly recommending that Members stop conducting in-person open houses during the Ontario State of Emergency, and continue to offer best practices due to the uncertainty we're faced with in dealing with COVID-19. TRREB is...
Do we still have to pay rent on Commercial Properties? Due to the Corona-19 virus
Retailers closing the locations and certain major retailers stating they will pay employees during this time. Next up is figuring out those monthly rent payments. The consequences of still having to pay rent on a location that is not in business could deal a...
Hold Over on a Real Estate Listing
Holdover pertains to both a Commercial and Residential Properties You did not share how, or if, you intend to continue with the sale of your property, so, I’ll explain how the holdover clause may impact you after the current listing agreement expires. For...
Cannabis Retail Regulation Updates Applying for a Commercial Retail Store Authorization
Applying for a Commercial Retail Real Estate Property The AGCO will begin accepting applications for Retail Store Authorizations (RSA) on March 2, 2020. To apply for an RSA, you must have already applied for a Retail Operator Licence (ROL) but you do not have to wait...