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February 21, 2017
New B.C. liquor laws complicate retail leases
Retailers in British Columbia could soon be adding another dimension to their in-store offerings. As of late January, new amendments to the provincial Liquor Control and Licensing Regulation allow all types of businesses to apply for a liquor license — potentially giving physical store locations an extra perk to counter online competition, but also increasing landlords’ risks under the Occupiers Liability Act.
Report identifies top human resource challenges
The real estate industry figured prominently into a national human resource study that helps organizations better understand human capital.
Upper Canada mall plans for $60 million redevelopment
Oxford Properties Group plans to redevelop and expand the former Target location at Upper Canada Mall in Newmarket, Ontario.
 
Financing High-Rise Energy Retrofits
The financing provided through Toronto's High-rise Retrofit Improvement Support program is intended to help building owners make energy and water-saving retrofits and upgrades to their properties. This innovative financing program offers owners of buildings that are five or more storeys access to low-interest, fixed-rate loans with payment terms of five to 20 years to fund building improvements.
Former Guelph hotel to become multi-use innovation centre
Plans to transform a former 19th century hotel in downtown Guelph, Ontario, into a multi-use tech hub and innovation centre is expected to drive new talent to one of the province’s fastest growing cities.
Regular upgrades to building systems reduce costs
The requirement for Depreciation Reports in B.C. has provided an excellent resource for strata owners to develop long term financial plans to ensure the funds are available when they are needed, but there are still potential special levies and increases that cannot be avoided as building systems age.

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Nova Scotia accessibility legislation gets more scrutiny
The Nova Scotia government is seeking more input on its proposed accessibility legislation after negative feedback on the version tabled in the provincial legislature last fall.
Infrastructure viewed as ascendant asset class
Toronto figures into a North American fact-finding mission on infrastructure development, delivery and risk management.
KPMG looks to tenants in locating Vaughan office
When KPMG selected its new location, proximity to clients factored prominently, and the movement of its clients led the growing professional services firm to set up shop in Vaughan.

Investors see slip in 2016 real estate returns
Canadian real estate delivered uncharacteristic, although not entirely unexpected, low investment returns in 2016. Annual results of the REALPAC/IPD Canada Quarterly Property Index reveal a year of below-average performance for index participants’ directly held standing assets.
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