REITs back in the black, but growth will be tough

While real estate investment trust investors have something to look forward to as the companies they own look to return to positive earnings after a weak quarter, the companies themselves are facing uncertain futures as the economy struggles for growth. Dozens of REITs will report their third quarter results in the coming weeks, and RBC… Read More

Toronto among world’s top 10 most innovative cities

People can be innovative, companies can be innovative and it turns out cities can be innovative too. Australian consulting firm 2thinknow has released its annual list of the most innovative cities in the world. The ratings consider cultural assets, human infrastructure and networked markets. If you’re looking to innovate — in any of its many forms… Read More

Condo boom eating up office space

When Iain Dobson sees another condo or condo-hotel springing up on prime downtown land just steps from the subway, he becomes more convinced than ever that Toronto is risking its own future by trading off jobs for people. Toronto is reaching a tipping point — a shortage of development-ready land for new office towers at… Read More

TSX proposes shareholders vote for each director

The Toronto Stock Exchange is proposing new voting rules for its listed companies, requiring shareholders be allowed to cast votes for each individual director on the board rather than the whole board as a slate. The proposal would leapfrog the TSX ahead of the Ontario Securities Commission, which has been weighing whether to introduce new… Read More

Canada property results improve on deals, leasing

TORONTO/BANGALORE — Canada’s biggest office and retail landlords reported strong quarterly results on Friday, boosted by acquisitions and long-term leasing renewals. Brookfield Office Properties and RioCan Real Estate Investment Trust REI said funds from operations, the most closely watched performance measure for REITs, rose in the three months to the end of June. Even so,… Read More