News & Analysis as of

Canada Commercial Real Estate Market

Bennett Jones LLP

(Real) Estate Earnouts: The Risks and Rewards of Density Bonuses

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Valuing a commercial asset is a tricky business.Often, in the eyes of a purchaser, an asset's value is tied in part to the likelihood of future events—a significant customer order, a change in purchasing patterns, a...more

Blake, Cassels & Graydon LLP

Prêts hypothécaires accordés par le vendeur : cinq considérations clés

Dans le marché fort dynamique de l’immobilier commercial actuel, il est essentiel de faire preuve de créativité pour faire avancer certaines opérations. L’une des stratégies de plus en plus utilisées est le recours à des...more

Bennett Jones LLP

B.C. Court of Appeal Decides Strata Corporations Lack Standing to Bring REDMA Claims Against Developers

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Whether a strata corporation has the standing to bring representative Real Estate Development Marketing Act, SBC 2004, c 41 (REDMA) claims on behalf of owners has been a long-standing issue in strata property law. The B.C....more

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Top Five Things to Know About Proptech in Canada

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We are in the midst of a digital transformation of all aspects of the real estate industry, including development, marketing, transactions, financing and management. The convergence of property and technology, known as...more

Blake, Cassels & Graydon LLP

Navigating Vendor Take-Back Mortgages: Five Key Considerations

Creative dealmaking is essential to keep transactions moving in today’s dynamic commercial real estate market. One increasingly popular strategy is the use of vendor take-back mortgages or VTBs. A VTB is a financing...more

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The Double Default Rule in Real Estate Transactions

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"We're ready, willing and able to close. Are you?" These are familiar words to those who buy and sell real estate. They embody the notion that, on the time appointed for the closing of the transaction, a party is ready to...more

Blake, Cassels & Graydon LLP

Taxe sur les reventes précipitées en Colombie-Britannique : Ce que les propriétaires immobiliers devraient savoir

Lors de la plus récente session parlementaire (et la dernière avant les prochaines élections provinciales), le gouvernement de la Colombie-Britannique a démontré qu’il était toujours résolu à mettre en œuvre son plan intitulé...more

Blake, Cassels & Graydon LLP

B.C.’s Home “Flipping Tax”: What Property Owners Need to Know

The recently concluded legislative session (and the last before the upcoming provincial election) saw continued efforts from the B.C. government to deliver on its “Homes for People” plan, which lays out various government...more

Bennett Jones LLP

Restricted Zoning: The BCCA Confirms Powers to Enact Rental-Only Bylaws Under the Local Government Act

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Last year, in V.I.T. Estates Ltd. v New Westminster (City), 2023 BCCA 183, the British Columbia Court of Appeal (BCCA) dismissed a challenge to a municipal bylaw that restricted zoning to residential rentals. The court found...more

Bennett Jones LLP

But It’s "Just" An Option! Option Risks And The Tale Of Horn v. Xylem

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We all take real property purchase agreements seriously. We read only the title and we know that a transaction is likely to occur, perhaps a significant one. We can also reasonably expect that there will be a property, a...more

Blake, Cassels & Graydon LLP

Exécution en nature : un redressement pas si « extraordinaire » dans un contexte de différend immobilier

Introduction - Dans deux affaires récentes, la Cour supérieure de justice de l’Ontario (la « Cour ») a rendu des décisions qui s’éloignent de la position voulant que l’exécution en nature soit un redressement «...more

Blake, Cassels & Graydon LLP

Specific Performance: Not Too “Extraordinary” of a Remedy for Real Estate Disputes

Introduction - In two recent cases, the Ontario Superior Court of Justice (Court) endorsed a shift away from the view of specific performance as an “extraordinary” remedy in the context of commercial real estate disputes. In...more

Bennett Jones LLP

Industrial Property in Alberta: Considerations for Purchase and Lease

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The industrial real estate sectors in Calgary and specifically, Rocky View County, and Edmonton, have experienced a consistent demand for both purchase and lease transactions over the past several years. This is driven by a...more

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What's Next in Office Financing in Canada?

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Bennett Jones was pleased to host an oversubscribed NAIOP panel discussion on current issues in office financing, and I am happy to share my key impressions from what was a compelling and thoughtful dialogue....more

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Requisitioning the Closure of Open Building Permits

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​​​​​​​Ontario courts have long wrestled with whether requisitioning the closure of an open building permit is a valid buyer requisition when made pursuant to a standard Ontario Real Estate Association (OREA) real estate form...more

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The Value of PropTech in a Post-Pandemic World

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As the COVID-19 pandemic recedes and the workforce gradually returns to the office, the commercial real estate industry will rely on PropTech to adapt. Building developers, construction companies and property managers will...more

Blake, Cassels & Graydon LLP

Real Estate Developers in B.C. Face New Reporting Requirements for Assignments of Pre-Sale Purchase Agreements

Effective January 1, 2019, developers marketing real estate development properties located in British Columbia will be subject to new information collection, reporting, and document retention requirements with respect to...more

Blake, Cassels & Graydon LLP

New Act Will Require Ontario Corporations to Maintain Register of Real Estate Holdings

The Forfeited Corporate Property Act (FCPA) comes into force in Ontario on December 10, 2016, and will implement additional record-keeping obligations for corporations incorporated or continued in Ontario. Where a...more

Blake, Cassels & Graydon LLP

Legal Trends 2016

While global markets can be unpredictable, we have assembled some key legal trends that may help you prepare for what lies ahead in 2016. ...more

Blake, Cassels & Graydon LLP

Legal Trends: Commercial Real Estate

Lenders remain aggressive as competition for prime real estate lending opportunities in Canada intensifies. Borrowing rates remain at historical lows and other lending terms have become increasingly favourable for borrowers....more

Blake, Cassels & Graydon LLP

The Magic GST/HST Registration (or How to Make a Multimillion-Dollar GST/HST Assessment Disappear)

It is well known that a GST/HST-registered person can purchase certain types of commercial real property without paying GST/HST to the vendor. ...more

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Timing Considerations When Buying or Building Commercial Property in Calgary

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When deciding between buying an existing property or building a new space for your business, the first questions you need to ask are about timing. While anticipating the timeframes may sound like common sense, even seasoned...more

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