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Category: Commercial

Scotiabank renews 560,000-sq.-ft. Scotia Plaza lease

RENX Staff Commercial Leasing Toronto / GTA Feb. 8 2021

KingSett Capital and AIMCo have announced Scotiabank will remain the anchor tenant at the Scotia Plaza office complex in downtown Toronto, renewing a 560,000-square-foot lease at the 40 King St. and 100 Yonge St. towers. The renewal follows a year

Canada’s 2020 CRE returns worst since 1993: MSCI/REALPAC

Steve McLean Commercial Market Reports National Feb. 5 2021

Last year’s Canadian commercial real estate return was the worst since the recession of 1993, according to the 2020 MSCI/REALPAC Canada Property Index. The total return plummeted from 6.68 per cent in 2019 to negative 4.12 per cent in 2020.

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