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May 2, 2017
Cities poised to terminate vacant unit rebate
Stakeholder consultation on the future of property tax rebates for vacant commercial and industrial space has been a rote exercise in Toronto given that City Council had already voted to eliminate the program two months prior to a recent public meeting to discuss the issue. Elsewhere, municipal officials in Ottawa have proceeded in a more conventional sequence, but real estate industry advocates are preparing for the same result.
Retail leader buckles down on EV range anxiety
Cadillac Fairview is ramping up its newest low carbon initiative – a national electric vehicle charging program that will add 45 networked chargers at 15 shopping centres across Canada, with some regions welcoming universal fast chargers for the first time.
Q1 sees milder decline in downtown Calgary
Nearly 142,000 square feet of downtown office space was returned to the market in the first three months of 2017, but this is well off last year's pace when 2.3 million square feet emptied out over the course of 12 months.
 
Three Ways Engineers Can Improve Building Projects
At the start of a building project, property managers may question the need for both engineers and contractors. Sometimes, as a means to save money, handling a contractor to do all the work seems like a viable option. Depending on the project, if property managers choose this route, they may miss out on a level of engineering expertise that is, in fact, profitable in the long term.
More WELL certification firsts for TD Centre
Toronto-Dominion Centre’s 222 Bay St. tower is the first existing building in North America to achieve a Gold-level certification under the WELL Building Standard.
Morguard's Geoff Nagle has optimistic outlook
The B.C. real estate market is very busy, with a number of exciting projects. The most notable is the mixed-use neighbourhood known as Uptown in Saanich, the largest single project to date for Morguard Investments.

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Green buildings contribute to productivity: new research
Recent research done in collaboration between the National Research Council of Canada and Royal Bank of Canada (RBC) found that green buildings have a positive impact on the productivity of the employees working within them.
Record-low Toronto office vacancy kicks off next development cycle
Available office space in the Greater Toronto Area declined during the first quarter of 2017, with record low vacancy setting the ground for a new development cycle.
CVA-related tax increases still levied unevenly
More than 9,200 commercial, industrial and multi-residential properties in Toronto are still officially overtaxed nearly 20 years after interim measures were introduced to ease tax shifts related to Ontario’s 1998 adoption of current value assessment.

Net-positive energy office building to rise in Waterloo, Ont.
In Waterloo, Ontario, workers are installing wells for a geo-exchange system that will heat and cool a new office development aiming to be one of the most energy efficient in Canada. What will be a LEED Platinum, net-positive office building that produces more energy than it consumes every year, is also known as Evolv1.
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