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Fossil fuel fortunes burn Calgary

Fossil fuel fortunes continue to hold predominant sway in the Calgary office market. Reflecting on a year in which a global pandemic unsettled fundamentals to the east and to the west, Calgary-based analysts focus more on tangential circumstances than the COVID-19 outbreak itself. During last week’s online commercial real estate review and forecast, executives with CBRE Calgary’s investment and advisory services fingered an economy tied to oil and gas for sinking the hesitant recovery that had appeared underway as 2020 began.


Headline News
»Ontario doubles tax credit in tertiary markets
»Quebec cuts small business corporate tax rate
»BOMA Canada introduces new industry awards
Energizing assets with NRCan’s ENERGY STAR® for buildings

There is no shortcut for sustainability. No cookie-cutter playbook for energy efficiency. Yet while the route towards greener and cleaner building operations may be different for every asset, programs like Natural Resources Canada’s (NRCan) ENERGY STAR® Certification for Commercial and Institutional Buildings put stakeholders on the right path. » READ MORE 

Stimuler les actifs grâce à la certification ENERGY STAR® pour les bâtiments de RNCan  

Il n’y a pas de raccourci vers le développement durable, ni de solution passe-partout pour atteindre l’efficacité énergétique. Bien que la route vers l’exploitation plus écologique et plus propre des bâtiments puisse être différente pour chaque actif, les programmes comme la certification ENERGY STAR® pour les bâtiments commerciaux et institutionnels® de Ressources naturelles Canada (RNCan) mettent les intervenants sur la bonne voie. » READ MORE

A streamlined approach to garbage room maintenance  

Property management teams have been stretched thin throughout the pandemic. Between keeping staff and residents safe, meeting heightened demands, and managing building projects, it can be difficult to keep critical maintenance activities from falling off the radar. » READ MORE

»Strong housing market to power through 2021
»Average rent in Canada down 6% since February 2020
»New home for world’s largest Inuit art collection
Digging into the coming geothermal boom

As geothermal collides with carbon-free mandates and new third-party utility models, it’s expected to make strides, bringing along developers that will try to stay competitive.. » READ MORE

New office supply poses backfill challenges

An influx of new office supply was always expected to shake up the status quo in Toronto’s downtown commercial real estate market given that approximately two-thirds of the 8+ million square feet of space currently under construction is already preleased. However, prospects for backfilling were perhaps viewed with less trepidation entering 2020 when the downtown Class A vacancy rate floated around 2 percent. » READ MORE

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