National Newswatch

Brookfield Asset Management reports Q1 loss, says ready to invest

May 14 2020 — Ian Bickis, The Canadian Press — TORONTO — Brookfield Asset Management Inc. sees investment opportunities growing in the coming months as the economy bounces back somewhat less than many expect. A slower recovery will mean more companies need capital and investment from firms like Brookfield that have been preparing for an economic shift, Brookfield chief executive Bruce Flatt told a conference call […]

Real estate trusts report May commercial rent payments in line with April

May 11 2020 — Ian Bickis, The Canadian Press — TORONTO — The amount of commercial rent payments for May look to be similar to April, several real estate investment trusts said while reporting quarterly earnings, in spite of concerns the picture would worsen amid extended business closures. REITs such as SmartCentres, Crombie, First Capital Corp. and CT say levels were similar, despite the additional full month of COVID-19-related restrictions, though […]

Small businesses seek rapid rent relief measures as Trudeau promises more support

Apr 16 2020 — Ian Bickis, The Canadian Press — TORONTO — Small businesses are hoping for promised rent relief from both landlords and government as the COVID-19-related shutdown drags on and their bills pile up.   The urgency comes as some landlords have already started issuing eviction notices for businesses that didn't pay April rent, while those who were able to pay are stressed about the months to come. […]

Small businesses seek rapid rent relief measures as Trudeau promises more support

Apr 16 2020 — Ian Bickis, The Canadian Press — TORONTO — Small businesses are hoping for promised rent relief from both landlords and government as the COVID-19-related shutdown drags on and their bills pile up.   The urgency comes as some landlords have already started issuing eviction notices for businesses that didn't pay April rent, while those who were able to pay are stressed about the months to come. […]

Commercial landlords offering rent deferrals as economy hit by pandemic

Apr 6 2020 — Ian Bickis, The Canadian Press — TORONTO — Major commercial landlords in Canada are offering rent deferrals to tenants as the COVID-19 pandemic has forced many businesses to close their stores. RioCan, Choice Properties, and CT real estate investments trusts all said Monday that they were working with tenants who need support because of the financial challenges brought on by the outbreak.   Loblaw landlord Choice Properties REIT […]

Major residential landlords signal flexibility for tenants in need

Mar 30 2020 — Ian Bickis, The Canadian Press — TORONTO — Some of Canada's biggest residential landlords say they're committed to working with tenants who have lost their job because of the novel coronavirus pandemic. The signals come as efforts to contain the outbreak have led to huge business disruptions and surging unemployment that have made many Canadians worried about how they will pay next month's rent. […]

Realtors push back on non-essential sales, adopt safety measures amid outbreak

Mar 26 2020 — Ian Bickis, The Canadian Press — TORONTO — The coronavirus outbreak is pushing some realtors to turn away all but the most desperate clients, while others are adopting extraordinary measures in an effort to help maintain social distancing and stem the spread of the pandemic. Darren Slavens, a broker and vice-president at Toronto-based Slavens and Associates, says he has seen many agents decline to put out […]

Construction labour groups raise concerns over job site safety amid outbreak

Mar 24 2020 — Ian Bickis, The Canadian Press — TORONTO — Construction labour groups are raising concerns about working conditions during the COVID-19 pandemic as companies and governments respond with a range of strategies. The Ontario Construction Consortium, a group that advocates for construction workers, on Tuesday called on the Ontario government to suspend work on construction sites for two weeks to protect workers. "It makes no […]