Industry E-News Update for August 17, 2011
Canadian Real Estate Executives Remain Positive Outlook
The Third Quarter 2011 REALpac/FPL Canadian Real Estate Sentiment Survey was recently released by FPL Advisory Group and the Real Property Association of Canada (REALpac). The survey measures real estate executives’ confidence in the Canadian commercial real estate industry. The 2011 survey showcased the perceptions of 49 leading Canadian executives on three areas, overall real estate conditions, real estate asset values and availability of capital. Click here to find out more.
Market Factors Reinforce CFC Phase-out
The phase-out of chlorofluorocarbons (CFCs) should be fait accompli in Ontario on January 1, 2012 when a total ban on refrigeration equipment containing designated Class 1 ozone-depleting substances goes into effect. This includes an extensive list of CFCs, halon, hydrobromofluorocarbon, carbon tetrachloride and methyl chloroform, but, in practice, CFC-11 (also known as R-11) is the targeted refrigerant most widely in use in the waning days of its legitimacy. To learn more about the CFC phase-out, click here.
Canadian Hotel Investment Trends
CBRE Hotels Canada has suggested a positive outlook for the Canadian hotel market over the next 12 months. There has been a 2.8 per cent increase in national room demand on a year-to-date basis for June 2011 as well as a 1.3 per cent increase in national room supply. Click here to find out more.
TD Waterhouse Tower Goes Green
The Cadillac Fairview Corporation owned TD Waterhouse Tower has recently obtained a LEED Gold certification in the Existing Buildings: Operations & Maintenance category. The building has been striving to become more environmentally conscious and has been officially recognized for their efforts by the Canada Green Building Council (CGBC). To learn more about this LEED accomplishment, click here.
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