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Real Estate
Coronavirus is significant, but is it a true black swan event?
A black swan event must meet three criteria: it must be an outlier, must have a major impact and must be declared predictable in hindsight.
(Buiobuione/Wikimedia), CC BY-SA
Since the “black swan” metaphor was coined in the 2007 book of…
Ontario Court of Appeal Addresses “Ancient” Sublease/Assignment Law
It is a widely understood notion that when a tenant subleases premises for the entire remainder of its lease term, the common law will consider that sublease to be an assignment. An assignment transfers all leasehold rights to the…
Average monthly rent only up 1 per cent in Canada: Rentals.ca Report
The average rent for all properties in Canada increased 1 per cent in March over February to $1,842, but decreased by 1.2 per cent annually, according to the monthly National Rent Report from Rentals.ca and Bullpen Research &…
Community Builder Supports Ontario Frontline Workers in the Fight against COVID-19
With the number of COVID-19 cases growing in Ontario, frontline staff at hospitals and senior care homes are faced with the burden of limited medical supplies. Premier Doug Ford has called on residents and businesses of Ontario to help…
The coronavirus pandemic might make buildings sick, too
Discolored water can be caused by heavy metals, such as iron or copper. Iron can also act as a nutrient for organisms to grow in the pipes.
Kyungyeon Ra/Purdue University, CC BY-ND
While millions of people are under orders to stay home…
Trudeau unveils rent relief for small businesses hurt by COVID 19
The Prime Minister, Justin Trudeau, announced today that the federal government has reached an agreement in principle with all provinces and territories to implement the Canada Emergency Commercial Rent Assistance (CECRA) for small…
Québec Residential Real Estate Market Statistics Were Up Pre-COVID
The Québec Professional Association of Real Estate Brokers (QPAREB) has released its most recent residential real estate market statistics for the province of Québec, based on the real estate brokers’ Centris provincial database. In total,…
GTA new home market busy in March, inventory declines: BILD
The GTA new home market continued to see above-average sales and a decline in inventory in March, the Building Industry and Land Development Association (BILD) has stated in an announcement.There were 3,730 total new home sales in March…
Greater Toronto Area home sales down 69 per cent mid way through April
TORONTO — The Toronto Regional Real Estate Board says home sales were down 69 per cent in the first 17 days of April compared with a year ago as the COVID-19 outbreak put a chill on market activity.Board president Michael Collins…
“Force Majeure” and the Doctrine of Frustration – Theory v. Reality
Since the World Health Organization declared COVID-19 a pandemic on March 11, 2020, countless businesses have closed to comply with governmental restrictions. Leases are still in place, commercial properties are still operating (at low to…