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Canadian cities fertile for tech job growth

Toronto’s rocketing tech sector is reverberating in commercial and residential real estate markets. The city spawned more than 80,000 new tech-related jobs between 2013 and 2018 and is positioned third among 50 North American centres analyzed in CBRE’s recently released tech talent scorecard, trailing only entrenched hubs in the San Francisco Bay Area and Seattle.


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Headline News
»Halifax office vacancy dips for second year in a row
»Crown Realty buys first property in Ottawa
»Allied and Westbank announce plans for 720 Beatty Street
Pushing the Boundaries of Structural Glass
When it comes to building materials, there is truly no substitute for glass. Timeless and elegant, structural glass provides beauty and translucence to indoor spaces in a way no other material can. »READ MORE
»NB confers on industrial property assessment
»City council endorses waterfront development in Port Credit
»JLL appoints new CEO of Canadian Markets
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Deal values stay in line with retail appraisals

There’s little cause for concern that appraisers are overvaluing retail properties, a senior real estate analyst contends. Will Robson, executive director and head of real estate research with MSCI, points to 2018 transaction data showing that purchase prices more often exceeded the most recent valuation, and cautions that retail REIT performance does not provide a fully comparable picture of directly held assets. »READ MORE

Ontario aims to relax scrutiny of accessibility

Proposed new instructions for land use planning in Ontario would downgrade the required scrutiny of accessibility. Where municipal Official Plans have been expected to give directions for “identifying, preventing and removing land use barriers” that could keep people with disabilities and seniors from fully participating in society, the modified policy would call for the less specific step of “addressing land use barriers”.

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