Renovations or retrofits to an investment property that increase rents and/or decrease operating costs may also increase a property’s value. Cost and value, however, are not synonymous, and not all renovations are as profitable as one might expect.
A sharp rise in energy costs and strict sustainability mandates have been spurring business owners to explore alternative solutions for decades. Could on-site energy storage be the next green ticket?
At least one condo corporation is facing what is likely to be a steep repair tab after Toronto was drenched with a month’s worth of rain on Aug. 7.
In a changing world where “zero carbon” is the ultimate goal in building design, can retrofits alone make Canada’s aging apartment stock sustainable?
Good exterior lighting will beautify a property while also enhancing security. Here are some low-cost tips from rental property managers looking to 'light the way' to happier tenants:
Tensions boiled over last week at Toronto apartment buildings without air conditioning as temperatures soared into heat wave territory in late September.
The TSSA recently lifted the requirement to undertake certain upgrades to the controls of single-speed elevators, but it doesn’t mean building owners should abandon modernization.
The intrusion detection system (IDS) is slowly being incorporated into integrated security solutions in condominiums.
While oversight of electricity and gas metering has been in place for quite some time, thermal metering has remained unchecked in Canada. But not for long.
The window walls commonly used to enclose condos have improved, addressing issues associated with past generations of the cladding, finds a new analysis.
The fatal fire that ripped through a 24-storey apartment tower in London, England, on Wednesday, June 14th, has left the city traumatized. Deemed one of the deadliest of its kind in the recent history, the blaze in the 120-unit Grenfell Tower council housing block has resulted in 30 confirmed deaths and dozens of lives still unaccounted for.
Scents associated with cigarette smoke, cooking and the garbage chute are among the most common odours complaints received by building managers.
If it becomes law, the Reliable Elevators Act would require maintenance contractors to restore out-of-service elevators within 14 days in most buildings.
It has been another tumultuous month for Toronto Community Housing, Canada’s largest social housing provider. The city-run entity with a $9-billion portfolio is once again facing criticism for failing in the upkeep of its 58,000 units.
At least twice per year, property managers should conduct roof inspections and maintenance on their roofs.
Han Dong, the Liberal MPP for Trinity-Spadina, is proposing to set time limits for elevator repairs with a private member's bill.
A recent fire in a Toronto high-rise apartment building has put the spotlight back on fire safety after numerous residents had to be rescued by Toronto Fire Services. Though no injuries were reported, the incident is a reminder that Fire Safety Plans are critical—especially when building fire alarm systems are rendered inoperative due to repair and maintenance projects.