As the tech industry in Canada continues to grow and expand, it is having a large impact on the commercial real estate market. It’s seeing its largest growth in Vancouver, Toronto, Kitchener-Cambridge-Waterloo, and Montreal. The booming tech industry has led to an even greater demand for office space as vacancy rates continue to decline. Office […]
As we reach the end of 2016, we look towards the next year. What does 2017 have in store for commercial real estate? While we cannot predict the future, there are few trends that we would like to note as the next year is right around the corner. Demand […]
In a recent announcement, the Environment Minister of Canada stated that the federal government’s buildings will run on green power by 2025. The Government’s Plan to Go Green In terms of cost, the Environment Minister says that renewable electricity has become very competitive with fossil fuels and she believes it will be on par by […]
Recently, KPMG released a report that Toronto has approximately a million non-resident parking spots. Is this space being put to the best use? A recent article by the Torontoist argued that there should be a commercial parking levy to discourage the continued development. There are other cities that have introduced […]
Vancouver recently introduced a new rule that will likely affect foreign buyers – a 15% new tax on purchases of $2 million for residential real estate. However, this tax also has a large impact on commercial real estate as well. New Tax includes Multi-Residential Properties While some people may think this will only affect residential, […]
